<PAGE>
                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                              ------------------

                                 FORM 10-QSB

                                  (Mark One)

   [X] Quarterly Report pursuant to Section 13 or 15(d) of the Securities
    Exchange Act of 1934 for the quarterly period ended October 31, 2001.

                                     OR

   [ ] Transition Report pursuant to Section 13 or 15(d) of the Securities
        Exchange Act of 1934 for the transition period from __________
                              to_________________

                         Commission file number 031791


                             WALL STREET WEB, INC.
------------------------------------------------------------------------------
              (Exact name of Registrant as specified in its charter)

       New Jersey                                          23-3589086
       ----------                                          ----------
  (State of Incorporation)                                 (IRS EIN #)

                              71 Irvington Street
                          Westwood, New Jersey 07675
                          --------------------------
               (Address of principal executive offices)(Zip Code)

                Registrant's Telephone Number: (201) 594-0555
 ---------------------------------------------------------------------------

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 [ ]         No [X]

The number of shares outstanding of Registrant's common stock ($0.001 par
value) as of the quarter ended October 31, 2001 was 10,754,000 shares, with 63
shareholders of record.





                                      -1-

<PAGE>
                               TABLE OF CONTENTS

                                     PART I


                                                                        Page

ITEM 1.  FINANCIAL STATEMENTS.............................................3

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN
         OF OPERATIONS PLAN OF OPERATION..................................7


                                     PART II

ITEM 1.  LEGAL PROCEEDINGS................................................9

ITEM 2.  CHANGES IN SECURITIES............................................9

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES..................................9

ITEM 4.  SUBMISSION TO A VOTE OF SECURITY HOLDERS.........................9

ITEM 5.  OTHER EVENTS.....................................................9

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.................................10

         SIGNATURES.......................................................10







                                     -2-



<PAGE>
                                   PART I.


Item 1.  Financial Statements

                            Wall Street Web, Inc.
                                Balance Sheet
                              October 31, 2001


ASSETS

Current Assets
  Cash                                                     $    3,676
  Accounts receivable                                             970
                                                           -----------
Total Current Assets                                            4,646


Office equipment and furniture, net of                     $   21,886
accumulated depreciation                                        7,865
                                                           -----------
TOTAL ASSETS                                               $   12,511
                                                           ===========


LIABILITIES AND STOCKHOLDERS DEFICIT

Current Liabilities
 Accounts payable                                          $  102,213
 Accrued expenses                                              51,539
 Deferred revenue                                               1,100
                                                           -----------
Total Current Liabilities                                     154,852
                                                           -----------
Stockholders Deficit
  Common stock, $.001 par, 100,000,000 shares authorized,
 10,754,000 shares issued and outstanding                      10,754
  Paid in capital                                             849,525
  Accumulated deficit                                      (1,002,620)
                                                           -----------
Total Stockholders Deficit                                 (  142,341)
                                                           -----------
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT                 $   12,511
                                                           ===========

                                     -3-
<PAGE>
<TABLE>
                            Wall Street Web, Inc.
                             Statements of Loss
     For the Three Months and Six Months Ended October 31, 2001 and 2000



<CAPTION>
                               3 Months   6 Months    3 Months    6 Months
                                Ended       Ended       Ended       Ended
                               Oct. 31,    Oct. 31,    Oct. 31,    Oct. 31,
                                 2001        2001        2000        2000
                              ----------  ----------  ----------  ----------
<S>                           <C>         <C>         <C>         <C>
Sales                         $  12,270   $  28,032   $  41,480   $  90,023

Cost of sales                     3,156       5,864       6,402      10,463
Selling                           5,000       5,000       6,059      14,213
General and administrative      279,725     355,069     185,645     274,840

Depreciation                        787       1,573       1,945       3,890
                              ----------  ----------  ----------  ----------
   Total cost of operations     288,668     367,506     200,051     303,406
                              ----------  ----------  ----------  ----------


Net loss from operation        (276,398)   (339,474)   (158,571)   (213,383)

Interest income                                           2,480       2,480
Interest (expense)                              (76)       (809)       (809)
Other income                        148         254       5,433       5,433
                              ----------  ----------  ----------  ----------
     Net loss                 $(276,250)  $(339,296)  $(151,467)  $(206,279)
                              ==========  ==========  ==========  ==========

Net loss per common share         $(.03)      $(.03)      $(.01)      $(.02)

Weighted average common
shares outstanding            10,710,667  10,696,500  10,664,000  10,574,000


</TABLE>








                                     -4-

<PAGE>
                            Wall Street Web, Inc.
                           Statements of Cash Flows
              For the Six Months Ended October 31, 2001 and 2000




                                                    2001           2000
                                                 ---------       ---------
CASH FLOWS FROM OPERATIONS
   Net loss                                      $(339,296)      $(206,279)
   Adjustments to reconcile net loss
     to cash used in operating activities
      Stock issued for services                     20,000
      Warrants issued for services                 193,050          79,800
      Depreciation                                   1,573           3,890
    Changes in:
Accounts receivable                                  1,988           1,436
Accounts payable                                    29,782          19,357
Deferred revenue                                  (  2,285)       (    719)
Accrued expenses                                    51,539        ( 43,828)
                                                 ---------       ---------
NET CASH USED BY OPERATING ACTIVITIES             ( 43,649)

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

CASH FLOWS USED BY INVESTING ACTIVITIES
  Purchase of office equipment and furniture      (  6,263)

CASH FLOWS FROM FINANCING ACTIVITIES
     Sales of common stock                          45,000         234,500
                                                 ---------        --------

NET INCREASE (DECREASE) IN CASH                      1,351          81,894

Cash at beginning of period                          2,325          52,055
                                                 ---------        --------
Cash at end of period                            $   3,676        $133,949
                                                 =========        ========



                                     -5-
<PAGE>
                             Wall Street Web, Inc.
                 NOTES TO FINANCIAL STATEMENTS

NOTE 1.  BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Wall Street Web,
Inc. have been prepared in accordance with generally accepted accounting
principles and the rules of the Securities and Exchange Commission (SEC), and
should be read in conjunction with the audited financial statements and notes
thereto contained in the Company's Annual Report filed with the SEC on Form
10SB-2.  In the opinion of management, all adjustments, consisting of normal
recurring adjustments, necessary for a fair presentation of financial position
and the results of operations for the interim periods presented have been
reflected herein.  The results of operations for interim periods are not
necessarily indicative of the results to be expected for the full year.  Notes
to the financial statements which would substantially duplicate the disclosure
contained in the audited financial statements for the most recent fiscal year
as reported in the 10SB-2, have been omitted.

NOTE 2   ISSUANCE OF COMMON STOCK

In June 2001, the Company sold 2,500 shares of common stock for $2 per share
for total proceeds of $5,000.  From August 2001 through October 2001, the
Company sold 40,000 shares of common stock for $1 per share for total proceeds
of $40,000.  In September 2001, the Company issued 20,000 shares of common
stock for professional services valued at $1 per share for a total value of
$20,000.





                                     -6-
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

     This report on Form 10-QSB contains forward-looking statements regarding
Wall Street Web, Inc. and its business and operations within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. The Company intends that such forward-looking statements
be subject to the safe harbors created thereby. Such statements consist of any
statement other than a recitation of historical fact and can be identified by
the use of forward-looking terminology such as "may", "expect", "anticipate",
"estimate", or "continue" or the negative thereof or other variations thereon
or comparable terminology. The reader is cautioned that all forward-looking
statements are necessarily speculative and there are certain risks and
uncertainties that could cause actual events or results to differ materially
from those referred to in such forward-looking statements. This report should
be read in conjunction with the Company's amended report on Form 10-SB filed
with the Securities and Exchange Commission on May 15, 2001.

     The following discussion regarding Wall Street Web, Inc. and its
business and operations contains "forward-looking statements".  Such
statements consist of any statement other than a recitation of historical fact
and can be identified by the use of forward-looking terminology such as "may",
"expect", "anticipate", "estimate", or "continue" or the negative thereof or
other variations thereon or comparable terminology.  The reader is cautioned
that all forward-looking statements are necessarily speculative and there are
certain risks and uncertainties that could cause actual events or results to
differ materially from those referred to in such forward-looking statements.

The Company

     The Company presently offices at 71 Irvington Street, Westwood, New
Jersey 07675.

Company Overview:

     Wall Street Web, Inc. provides information covering the day-to-day
activities of "Wall Street". We gather and compile information from contacts
at financial institutions and releases such information to subscribers through
its web sites, www.stockrumors.com and www.brokercall.com, on a timely
basis. The Stockrumors.com web site provides the investing public with
information concerning rumors moving stocks and the stock market.  Wall Street
Web operates the brokercall.com web site which allows the investing public to
view analyst upgrades on a particular company.  In addition to revenues from
subscriptions, we generate revenues from advertising banners and sponsorships
on its web sites.

Results of operations:

     Revenues are derived from annual, semi-annual, quarterly, and monthly
subscriptions relating to our products on the Stockrumors.com Brokercall.com
web sites, and from the sale of advertising banners placed on these sites.
Results of operations for six months ended October 31, 2001 were impacted by
limitations on resources, primarily financial, which inhibited advertising
activities.  During the six months ended October 31, 2001, we had net sales of
$28,032, reflecting a decrease of $61,991, or 69%, compared to the net sales
of $90,023 for the same period ended October 31, 2000.  Net sales in both
years were derived from the sale of advertising.  This decrease was due to a
decrease in the number of subscribers.

     Results of operations for the year ended April 30, 2001 were impacted by
limitations on resources, primarily financial, which inhibited advertising
activities.   In June of 2001, we sold 2,500 shares of common stock for $2 per
share for Allan Suzuki for $5,000.   From August 2001 through October 2001, we
sold 40,000 shares of common stock for $1.00 per share for $40,000 to
accredited investors pursuant to Regulation D, Rule 505 as set forth below
herein.   In September of 2001, we issued 20,000 shares of common stock for
professional services at $1.00 per share.


                                     -7-
<PAGE>
     For the fiscal year ended April 30, 2001, Wall Street Web earned gross
revenues of $120,544, compared to gross revenue of $227,765 for the year ended
April 30, 2000.  Revenues for the year ended April 30, 2001 of $120,544
represented a 47% decrease (or $107,221 decrease) over the comparable 2000
period.  This decrease in revenues is the result of a decrease in the number
of subscriptions being sold by Wall Street Web.  As of April 30, 2001, Wall
Street Web had 316 subscribers compared to 919 as of April 30, 2000.   During
2000 and 1999, Wall Street Web charged its subscribers a monthly subscription
rate of $20.  As a result of competitive pricing pressures, in June 2000, Wall
Street Web lowered its monthly subscription rate to $9.95.  The lowering of
the monthly subscription rate has had a negative impact on revenues,
profitability, and cash flow.  Wall Street Web subsequently raised its monthly
subscription rate to $19.00 in February of 2001.

General and administrative expenses:

     General and administrative expenses consist primarily of compensation
and related expenses, occupancy costs, professional fees, and other office
expenses.  The aggregated general and administrative expenses for the year
ended April 30, 2001 was $497,879 and $412,615 for the year ended April 30,
2000.  Of which, respectively, $131,000 and $117,000, respectively, represents
non-cash operating expenses attributable to compensation payable to our
Principal Stockholders that was accrued and subsequently waived.

Liquidity and Capital Resources:

     As of the six months ended October 31, 2001, Wall Street Web has total
assets of $12,511.  Based upon 10,754,000 shares issued and outstanding, as of
six months ended October 31, 2001, Wall Street Web's total stockholder's
deficit was $(142,341).  We incurred a net loss of $(339,296) for the period
ended October 31, 2001 or approximately $(.03) per common share, compared to
the period ended October 31, 200 when we had a net loss of $206,279 or $(.02)
per common share.  For the year ended April 30, 2001, we had a net loss for
the 12 month period of $417,888 or $(.04) per common share, based upon
10,691,500 shares issued and outstanding.  These losses can be attributed to
loss of revenue from a decrease in subscribers.  Management believes that we
will continue to incur net losses through at least October 31, 2002, and that,
although a portion of our historical net losses have been attributable to non-
cash operating expenses, it will need additional equity or debt financing to
be able to sustain its operations until it can achieve profitability.

     Management also believes that the commercial success and profitability
of Wall Street Web will depend significantly on its ability to (i) expand the
subscriber base for its current web sites in the United States and abroad;
(ii) launch new web sites in the United States and abroad that will be of
interest to the financial community; (iii) increase web site advertising
revenues derived from current sources and through the development of new
sources; and (iv) expand the range of services offered to subscribers and
other users.

     We do not believe that our business is subject to seasonal trends or
inflation.  On an ongoing basis, we will attempt to minimize any effect of
inflation on our operating results by controlling operating costs and whenever
possible, seeking to insure that subscription rates reflect increases in costs
due to inflation.


                                     -8-
<PAGE>
                          PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

     The Company is not aware of any litigation, either pending or
threatened, against the Company, its officers, directors or shareholders. The
Company has not received any claims and is not a party to any suits or other
judicial or necessary proceedings in regards to its business.

ITEM 2. CHANGES IN SECURITIES

     During the quarter ended October 31, 2001, there were no changes in
securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

     During the quarter ended October 31, 2001, there were no defaults upon
senior securities.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     During the quarter ended October 31, 2001, there were no matters
submitted to a vote of the Company's shareholders.

ITEM 5. OTHER EVENTS

     The Company had the following stock issuances as described below.

     The Company had the following stock issuances as described below.  All
such shares were sold to individuals by the Registrant and no underwriters
were utilized.

1.   On August 28, 2001, 5,000 shares of Common Stock and 10,000 Class A
Warrants were issued to John D. Melillo for a total offering price of $10,000
cash.

2.   On September 1, 2001, 15,000 shares of Common Stock and 35,000 Class A
Warrants were issued to Bear Flag Trust for a total offering price of $15,000
cash.

3.     On September 1, 2001, 5,000 shares of Common Stock and 5,000 Class A
Warrants were issued to Alex Bentley for a total offering price of $5,000
cash.

4.   On September 21, 2001, 10,000 shares of Common Stock and 120,000 Class A
Warrants were issued to Harry Stylianou in return for services valued at
$42,400.

5.   On September 29, 2001, 10,000 shares of Common Stock were issued to
Thomas M. Jones in return for services valued at $10,000.

6.   On October 1, 2001, 5,000 shares were issued to John D. Melillo for
$5,000 cash.

7.    On October 3, 2001, 10,000 shares and 10,000 Class A Warrants were
issued to James L. Agius, Jr. for $10,000.

8.   On October 16, 2001, 7,500 shares and 10,000 Class A Warrants were
issued to Salvatore S. Madaffari in return for services at a combined value at
$10,200, and 7,500 shares and 10,000 Class A Warrants were issued to Stephen
R. Russo in return for services at a combined value of $10,200.

9.   On October 25, 2001, 375,00 Class A Warrants were issued to Odyssey
Advisors, LLC for services performed valued at 101,250, and 175,000 Class A
Warrants were issued to Sterling Investment Services, Inc. for services
performed valued at 47,250 , and 25,000 Class A Warrants were issued to


                                     -9-
<PAGE>
Michael Gragnani for services performed valued at 6,750, and 20,000 Class A
Warrants were issued to Steven Hohener for services valued at 5,400,


(b) EXEMPTIONS FROM REGISTRATION: With respect to the issuance of the 40,000
shares listed in Item 2 (a) 1 through 3,  and Item 2 (a) 6 through 7, such
issuances were made in reliance on the private placement exemptions provided
by Section 4 (2) of the Securities Act of 1933, as amended, (the "Act"), SEC
Regulation D and Rule 505 of the Act.

     In each instance, each of the share purchasers had access to sufficient
information regarding the Registrant so as to make an informed investment
decision.  More specifically, each purchaser signed a written Subscription
Agreement with respect to their financial status and investment sophistication
wherein they warranted and represented, among other things, the following:

     (a) That they had the ability to bear the economic risks of investing in
the shares of the Registrant.

     (b) That they had sufficient knowledge in financial, business or
investment matters to evaluate the merits and risks of the investment.

     (c) That they had a certain net worth sufficient to meet the suitability
standards of the Registrant.

     (d) That the Registrant has made available to them, their counsel and
their advisors, the opportunity to ask questions and that they have
been given access to any information, documents, financial statements, books
and records relative to the Registrant and an investment in the shares of the
Registrant.

     The proceeds of the sales of these shares of common stock were applied
to the working capital of the Registrant.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits: None.

(b)  Reports on Form 8-K: No reports on Form 8-K have been filed during the
     last quarter of the period covered by this report.


SIGNATURES

     In accordance with Section 12 of the Securities and Exchange Act of
1934, the Registrant, caused this Form 10-QSB to be signed on its behalf by
the undersigned, thereunto duly authorized.

Date:  April 24, 2002


WALL STREET WEB, INC.


/s/___________________________________
By: Joao Ruela, CEO, Secretary & Director



s/____________________________________
By: Thomas Melillo, President, Director, Chief Financial Officer