U.S. Securities and Exchange Commission
                             Washington, D.C. 20549

                                   Form 10-QSB

                QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended: July 31, 2000
Commission file no.:   0-29779


         Florida                                        65-0981248
------------------------------------               -----------------------
(State or other jurisdiction of                    (I.R.S. Employer
incorporation or organization)                         Identification No.)

354 Brazilian Avenue, #5
Palm Beach, Florida                                        33480
-------------------------------------              -----------------------
(Address of principal executive offices)                (Zip Code)


Issuer's telephone number:(561) 832-7835

Securities to be registered under Section 12(b) of the Act:


     Title of each class                                Name of each exchange
                                                          on which registered

         None                                                   None
-----------------------------------                 ----------------------------

Securities to be registered under Section 12(g) of the Act:

                    Common Stock, $.0001 par value per share
            --------------------------------------------------------
                                (Title of class)



<PAGE>



     Indicate by Check  whether the issuer (1) filed all reports  required to be
filed by Section 13 or 15(d) of the  Exchange  Act during the past 12 months (or
for such shorter  period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.

                        Yes X      No
                           ---       ---

     As of July 31,  2000,  there are  5,500,000  shares of voting  stock of the
registrant issued and outstanding.


                                     PART I

Item 1. Financial Statements






POINT BLANK CONCEPTS, INC.


TABLE OF CONTENTS






                                                                      Page

Accountants' Review Report                                            F-1

Balance Sheet                                                         F-2

Statement of Operations and Deficit Accumulated
    During the Development Stage                                      F-3

Statement of Changes in Stockholders' Equity                          F-4

Statement of Cash Flows                                               F-5

Notes to Financial Statements                                         F-6






<PAGE>



                               Dorra Shaw & Dugan
                          Certified Public Accountants




INDEPENDENT ACCOUNTANTS' REVIEW REPORT


The Board of Directors and Stockholders
Point Blank Concepts, Inc.
Palm Beach, Florida


We have reviewed the accompanying balance sheet of Point Blank Concepts, Inc. (a
Florida  corporation  and a development  stage company) as of July 31, 2000, and
the  related  statements  of  Operations  and  Deficit  accumulated  during  the
development  stage,  changes  in  stockholders'  equity,  and Cash Flows for the
period  February 15, 2000 (date of  inception)  to July 31, 2000,  in accordance
with  Statements on Standards for Accounting and Review  Services  issued by the
American Institute of Certified Public Accountants.  All information included in
these  financial  statements is the  representation  of the  management of Point
Blank Concepts, Inc.

A review consists  principally of inquiries of company  personnel and analytical
procedures  applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion  regarding the financial  statements taken
as a whole. Accordingly, we do not express such an opinion.

Based  upon our  review,  we are not aware of any  material  modifications  that
should be made to the accompanying  financial statements in order for them to be
in conformity with generally accepted accounting principles.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company will continue as a going concern. As shown in the financial  statements,
the Company has incurred net losses since its inception. The Company's financial
position and  operating  results  raise  substantial  doubt about its ability to
continue as a going concern.  Management's plan regarding those matters also are
described in Note D. The  financial  statements  do not include any  adjustments
that might result from the outcome of this uncertainty.



/s/ Dorra Dugan & Shaw
Certified Public Accountants
September ___, 2000




                          270 South County Road * Palm
                         Beach, FL 33480 Telephone (561)
                          822-9955 * Fax (561) 832-7580
                              Website: dsd-cpa.com
                                       F-1




<PAGE>




<TABLE>
<CAPTION>
POINT BLANK CONCEPTS, INC.
(A Development Stage Company)

BALANCE SHEET





July 31,                                                                                 2000
------------------------------------------------------------------------------  ---------------

<S>                                                                             <C>
ASSETS

Current Assets:
     Cash                                                                       $           25
---- -------------------------------------------------------------------------  ---------------

TOTAL CURRENT ASSETS                                                                        25
------------------------------------------------------------------------------  ---------------

                                                                                $           25
---- -------------------------------------------------------------------------  ---------------


LIABILITIES

Current Liabilities:
     Accrued expenses                                                           $            -
---- -------------------------------------------------------------------------  ---------------

TOTAL CURRENT LIABILITIES                                                                    -
------------------------------------------------------------------------------  ---------------

                                                                                             -
---- -------------------------------------------------------------------------  ---------------


STOCKHOLDERS' EQUITY

     Common stock - $.0001 par value - 50,000,000 shares authorized
           5,500,000 shares issued and outstanding                                         550
     Preferred stock - no par value - 10,000,000 shares authorized
           No shares issued and outstanding                                                  -
     Additional paid-in-capital                                                          3,050
     Deficit accumulated during the development stage                                   (3,575)
---- -------------------------------------------------------------------------  ---------------

TOTAL STOCKHOLDERS' EQUITY                                                                  25
------------------------------------------------------------------------------  ---------------

                                                                                $           25
---- -------------------------------------------------------------------------  ---------------
</TABLE>



                 See Accompanying Notes to Financial Statements
                                       F-2



<PAGE>




<TABLE>
<CAPTION>
POINT BLANK CONCEPTS, INC.
(A Development Stage Company)

STATEMENT OF OPERATIONS AND DEFICIT
                                           ACCUMULATED DURING THE
                                                DEVELOPMENT STAGE




For the period February 15, 2000 (date of inception) to July 31,                          2000
------------------------------------------------------------------------------  ----------------
<S>                                                                             <C>
Revenues                                                                        $             -
------------------------------------------------------------------------------  ----------------


Operating expenses:
                                                Professional fees $     3,500
                                                     Bank charges          75
                                                                                          3,575
--- --------------------------------------------------------------------------  ----------------

Loss before income taxes                                                                 (3,575)
Income  taxes                                                                                 -
------------------------------------------------------------------------------  ----------------

Net loss                                                                                 (3,575)
------------------------------------------------------------------------------  ----------------

Deficit accumulated during
                           the development stage - July 31, 2000                $        (3,575)
--- --------------------------------------------------------------------------  ----------------

Net loss per share                                                              $       (0.0006)
------------------------------------------------------------------------------  ----------------
</TABLE>






                 See Accompanying Notes to Financial Statements
                                       F-3









<PAGE>





<TABLE>
<CAPTION>
POINT BLANK CONCEPTS,
INC.
(A Development Stage Company)

STATEMENT OF CHANGES IN
STOCKHOLDERS' EQUITY





For the period February 15, 2000 (date of inception) to July 31,                                                          2000
------------------------------------------------------------------------------- ------------------------------- ---------------
                                                                                  Additional
                                             Number of   Preferred    Common       Paid - In     Accumulated
                                                Shares     Stock       Stock        Capital        Deficit           Total
                                    ------------------ ----------- ------------- ------------- ------------------ --------------
<S>                                 <C>                <C>         <C>          <C>            <C>                <C>

Issuance of Common Stock:
                  February 15, 2000         5,500,000  $      -    $     550    $     3,050    $              -   $      3,600

Net Loss                                                      -            -              -              (3,575)        (3,575)

----------------------------------- ------------------ ----------- ------------- ------------- ------------------ ---------------

                                            5,500,000  $      -    $     550    $      3,050   $         (3,575)  $         25
--- ------------------------------- ------------------ ----------- ------------- ------------- ------------------ ---------------
</TABLE>









                 See Accompanying Notes to Financial Statements
                                       F-4



<PAGE>




<TABLE>
<CAPTION>
POINT BLANK CONCEPTS, INC.
(A Development Stage Company)

Statement of Cash Flows





For the period February 15, 2000 (date of inception) to July 31,                          2000
------------------------------------------------------------------------------- ----------------
<S>                                                                             <C>

Operating Activities:
   Net loss                                                                     $    (3,575)
    Adjustments to reconcile net loss to net cash
                provided by operating activities:
                                     Increase in:
            Issuance of common stock for services                                     2,500
---- --- --- --- -------------------------------------------------------------- ----------------

Net cash used by operating activities
                                                                                     (1,075)
------------------------------------------------------------------------------- ----------------

Financing activities:
    Issuance of Common Stock                                                          1,100
---- -------------------------------------------------------------------------- ----------------

Net cash provided by financing activities                                             1,100
------------------------------------------------------------------------------- ----------------

Net increase in cash                                                                     25
------------------------------------------------------------------------------- ----------------

 Cash - April 30, 2000                                                          $        25
------------------------------------------------------------------------------- ----------------
</TABLE>











                 See Accompanying Notes to Financial Statements
                                       F-4




<PAGE>



POINT BLANK CONCEPTS, INC.
NOTES TO FINANCIAL STATEMENTS

Note A - Summary of Significant Accounting Policies:

Organization


Point  Blank  Concepts,   Inc.  (a  development  stage  company)  is  a  Florida
Corporation incorporated on February 15, 2000.

The Company  conducts  business  from its  headquarters  in Palm Beach,  FL. The
Company has not yet engaged in its expected  operations.  The future  operations
will be to merge with or acquire an existing company.

The Company is in the  development  stage and has not yet acquired the necessary
operating assets; nor has it begun any part of its proposed business.  While the
Company  is  negotiating  with  prospective  personnel  and  potential  customer
distribution  channels,  there is no assurance that any benefit will result from
such activities.  The Company will not receive any operating  revenues until the
commencement of operations, but will continue to incur expenses until then.

Accounting Method

The Company's  financial  statements  are prepared  using the accrual  method of
accounting. The Company has elected a January 31 year-end.

Start - Up Costs

Start - up and organization costs are being expensed as incurred.

Loss Per Share

The  computation  of loss per  share of  common  stock is based on the  weighted
average number of shares outstanding at the date of the financial statements.

Use of Estimates

The preparation of financial  statements in conformity  with generally  accepted
accounting principles requires management to make estimates and assumptions that
affect certain  reported amounts and  disclosures.  Accordingly,  actual results
could differ from those estimates.

Interim Financial Statements

The July 31, 2000 interim financial statements include all adjustments, which in
the  opinion  of  management  are  necessary  in  order  to make  the  financial
statements not misleading.

Note B - Stockholders' Equity:

The Company has authorized  50,000,000  shares of $.0001 par value common stock.
On February 15, 2000,  the company  authorized  and issued  5,500,000  shares of
restricted  common stock to two investors for $1,100 in cash plus service valued
at $2,500.

                                       F-6



<PAGE>


POINT BLANK CONCEPTS, INC.
NOTES TO FINANCIAL STATEMENTS


Note B - Stockholders' Equity (con't):

In addition,  the Company authorized 10,000,000 shares of no par value preferred
stock with the specific  terms,  conditions,  limitations  and preferences to be
determined by the Board of Directors.  None of the preferred stock is issued and
outstanding as of July 31, 2000.

Note C - Income Taxes:

The Company has a net operating  loss carry forward of $3,575 that may be offset
against  future  taxable  income.  If not used, the carry forward will expire in
2020.

The amount recorded as deferred tax assets,  cumulative,  as of July 31, 2000 is
$700, which represents the amounts of tax benefits of loss  carry-forwards.  The
Company has  established  a valuation  allowance  for this deferred tax asset of
$700, as the Company has no history of profitable operations.

Note D - Going Concern:

As shown in the accompanying  financial  statements,  the Company incurred a net
loss of $3,575 from February 15, 2000 (date of inception) through July 31, 2000.
The  ability of the Company to continue  as a going  concern is  dependent  upon
commencing  operations  and  obtaining  additional  capital and  financing.  The
financial  statements do not include any adjustments  that might be necessary if
the Company is unable to continue as a going  concern.  The Company is currently
seeking a merger  partner or an  acquisition  candidate to allow it to begin its
planned operations.

                                       F-7







<PAGE>



Item 2. Management's Discussion and Analysis or Plan of Operation

           The Company is  considered a  development  stage company with limited
assets or capital,  and with no  operations  or income.  The costs and  expenses
associated with the preparation  and filing of this  registration  statement and
other   operations  of  the  Company  have  been  paid  for  by  a  shareholder,
specifically  Thomas  V.  Flynn  (see  Item 4,  Security  Ownership  of  Certain
Beneficial   Owners  and   Management.   Thomas  V.  Flynn  is  the  controlling
shareholder).  Thomas V. Flynn has agreed to pay future  costs  associated  with
filing future  reports under Exchange Act of 1934 if the Company is unable to do
so. It is  anticipated  that the Company will  require  only nominal  capital to
maintain the corporate  viability of the Company and any additional needed funds
will most likely be provided by the Company's existing  shareholders or its sole
officer and director in the  immediate  future.  Current  shareholders  have not
agreed upon the terms and  conditions of future  financing and such  undertaking
will be subject to future  negotiations,  except for the express  commitment  of
Thomas V. Flynn to fund  required 34 Act filings.  Repayment of any such funding
will also be subject to such negotiations.  However,  unless the Company is able
to facilitate an acquisition of or merger with an operating  business or is able
to obtain significant  outside  financing,  there is substantial doubt about its
ability to continue as a going concern.

           In the opinion of  management,  inflation has not and will not have a
material  effect on the operations of the Company until such time as the Company
successfully  completes an acquisition or merger. At that time,  management will
evaluate the  possible  effects of inflation on the Company as it relates to its
business and operations following a successful acquisition or merger.

            Management  plans may but do not  currently  provide  for experts to
secure a  successful  acquisition  or merger  partner so that it will be able to
continue  as a going  concern.  In the  event  such  efforts  are  unsuccessful,
contingent  plans have been arranged to provide that the current Director of the
Company  is to fund  required  future  filings  under the 34 Act,  and  existing
shareholders  have  expressed an interest in additional  funding if necessary to
continue the Company as a going concern.

Plan of Operation

           During the next twelve months, the Company will actively seek out and
investigate possible business  opportunities with the intent to acquire or merge
with one or more business  ventures.  In its search for business  opportunities,
management  will follow the  procedures  outlined  in Item 1 above.  Because the
Company has limited funds, it may be necessary for the sole officer and director
to either advance funds to the Company or to accrue  expenses until such time as
a successful business consolidation can be made. The Company will not be make it
a condition  that the target  company must repay funds  advanced by its officers
and  directors.  Management  intends to hold expenses to a minimum and to obtain
services on a contingency basis when possible.  Further, the Company's directors
will defer any  compensation  until such time as an acquisition or merger can be
accomplished  and will strive to have the  business  opportunity  provide  their
remuneration. However, if the Company engages outside advisors or consultants in
its search for business  opportunities,  it may be necessary  for the Company to
attempt to raise  additional  funds. As of the date hereof,  the Company has not
made any  arrangements  or  definitive  agreements  to use  outside  advisors or
consultants or to raise any capital. In the event the Company does need to raise
capital  most  likely the only  method  available  to the  Company  would be the
private  sale of its  securities.  Because  of the  nature of the  Company  as a
development  stage  company,  it is unlikely that it could make a public sale of
securities or be able to borrow any  significant sum from either a commercial or
private  lender.  There can be no assurance that the Company will able to obtain
additional funding when and if needed, or that such funding,  if available,  can
be obtained on terms acceptable to the Company.


<PAGE>



           The Company does not intend to use any  employees,  with the possible
exception of  part-time  clerical  assistance  on an  as-needed  basis.  Outside
advisors or  consultants  will be used only if they can be obtained  for minimal
cost or on a deferred  payment  basis.  Management is convinced  that it will be
able to  operate  in  this  manner  and to  continue  its  search  for  business
opportunities during the next twelve months.

PART II

Item 1.              Legal Proceedings.

           The Company is currently not a party to any pending legal proceedings
and no such action by, or to the best of its knowledge,  against the Company has
been threatened.

Item 2.                        Changes in Securities and Use of Proceeds

           None

Item 3.                        Defaults in Senior Securities

           None

Item 4.              Submission of Matters to a Vote of Security Holders.

           No matter was  submitted  during the quarter  ending  July 31,  2000,
covered by this  report to a vote of the  Company's  shareholders,  through  the
solicitation of proxies or otherwise.

Item 5.                        Other Information
           None

Item 6.                        Exhibits and Reports on Form 8-K

     (a)   The exhibits  required to be filed herewith by Item 601 of Regulation
           S-B,  as  described  in  the   following   index  of  exhibits,   are
           incorporated herein by reference, as follows:


Exhibit No.      Exhibit Name
-------------    -----------------------------------
3(i).1           Articles of Incorporation filed February 15, 2000(1)

3(ii).1          By-laws (1)

27       *       Financial Data Schedule
------------------------------
*    Filed herein

Item 2. Description of Exhibits

         See Item 1 above.






<PAGE>



                                   Signatures

           In  accordance  with  Section 13 or 15(d) of the  Exchange  Act,  the
registrant  caused  this  report to be signed on its behalf by the  undersigned,
there unto duly authorized.

                                 Point Blank, Inc.
                                 (Registrant)

Date: September 14, 2000       BY: /s/ Thomas V. Flynn
                               ------------------------------
                                 Thomas V. Flynn,  President

           In  accordance  with the  Exchange  Act,  this report has been signed
below by the following persons on behalf of the registrant and in the capacities
and on the dates indicated.

    Date                         Signature               Title

September 14, 2000     BY: /s/ Thomas V. Flynn
                       ------------------------
                              Thomas V. Flynn         President, Secretary,
                                                      Treasurer, Director