SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

  [X]   QUARTERLY  REPORT  PURSUANT  TO  SECTION  13 OR 15(D) OF THE SECURITIES
      EXCHANGE ACT OF 1934; FOR THE QUARTERLY PERIOD ENDED: March 31, 2001

  [ ]   TRANSITION  REPORT  PURSUANT  TO  SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                         COMMISSION FILE NUMBER: 0-24682

                            WORLDWIDE PETROMOLY, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

              COLORADO                                         84-1125214
     (STATE OR OTHER JURISDICTION                             (IRS EMPLOYER
  OF INCORPORATION OR ORGANIZATION)                         IDENTIFICATION NO.)

                       1300 POST OAK BOULEVARD, SUITE 1985
                              HOUSTON, TEXAS 77056
          (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)

                                 (713) 892-5823
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

   CHECK WHETHER THE ISSUER  (1) HAS 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 [ ]




                      APPLICABLE ONLY TO CORPORATE ISSUERS

        At May 3, 2001, 25,708,815 shares of common stock, no par value.

Transitional  Small  Business  Disclosure  Format  (check  one):  Yes [ ] No [x]


<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                                    CONTENTS
                                    --------

                                                                      Page(s)
                                                                      -------

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

  Consolidated Balance Sheets as of March 31, 2001
    (unaudited) and June 30, 2000. . . . . . . . . . . . . . . . . .        3

  Consolidated Statements of Operations for the three months and nine
   months ended March 31, 2001 and 2000 (both unaudited) . . . . . . .      4

  Consolidated Statements Of Cash Flows for the nine months
    ended March 31, 2001 and 2000 (both unaudited) . . . . . . . . . .      5

    Notes to Consolidated Financial Statements . . . . . . . . . . . .      6

Item 2. Management's Discussion and Analysis of Financial Condition
    and Results of Operations. . . . . . . . . . . . . . . . . . . .   7 - 11


PART II - OTHER INFORMATION
--------------------------------------------------------------------
Item 2. Changes in Securities. . . . . . . . . . . . . . . . . . . .       12

Item 6. Exhibits and Reports on Form 8-K . . . . . . . . . . . . . .       12

      (a)  Exhibits

      (b)  Reports on Form 8-K

SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . .       12
--------------------------------------------------------------------


                                        2
<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                           CONSOLIDATED BALANCE SHEETS


                                                      March 31,      June 30,
                                                        2001           2000
                                                   --------------  ------------
                                                     (Unaudited)

                           ASSETS
-----------------------------------------------------

Current Assets:
Cash and Cash Equivalents . . . . . . . . . . . .  $       5,166   $   170,858
Accounts Receivable:
  Trade . . . . . . . . . . . . . . . . . . . . .          2,229       411,905
  Affiliated Companies. . . . . . . . . . . . . .           -0-          5,684
Inventories . . . . . . . . . . . . . . . . . . .        104,350       198,976
Prepaid Expense and Other . . . . . . . . . . . .         67,767        79,884
                                                   --------------  ------------

Total Current Assets. . . . . . . . . . . . . . .        179,512       867,307
                                                   --------------  ------------

Property and Equipment, Net (Note 3). . . . . . .         91,642        92,297
                                                   --------------  ------------

Other Assets. . . . . . . . . . . . . . . . . . .         20,576       -0-
                                                   --------------  ------------

Total Assets. . . . . . . . . . . . . . . . . . .  $     291,730   $   959,604
                                                   ==============  ============

       LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------------------------

Current Liabilities:
Accounts Payable and Accrued Expenses . . . . . .  $     166,948   $   556,058
Notes Payable . . . . . . . . . . . . . . . . . .          3,625         3,625
Other Current Liabilities . . . . . . . . . . . .            -0-           -0-
                                                   --------------  ------------

Total Current Liabilities . . . . . . . . . . . .        170,573       559,683

Advances From Stockholder . . . . . . . . . . . .      1,438,476       934,378
                                                   --------------  ------------

Total Liabilities . . . . . . . . . . . . . . . .      1,609,049     1,494,061
                                                   --------------  ------------

Stockholders' Equity:
Preferred stock, no par value, 10,000,000 shares
  authorized, none issued . . . . . . . . . . . . .          --            --
Common stock, no par value, 800,000,000 shares
  authorized; 24,398,815 issued and outstanding. .    12,752,554    12,635,379
Accumulated Deficit . . . . . . . . . . . . . . .    (14,069,873)  (13,169,836)
                                                   --------------  ------------
Total Stockholders' Equity. . . . . . . . . . . .     (1,317,319)     (534,457)
                                                   --------------  ------------

Total Liabilities and Stockholders' Equity. . . .  $     291,730   $   959,604
                                                   ==============  ============


See  accompanying  notes  to  consolidated  financial  statements


                                        3
<PAGE>
<TABLE>
<CAPTION>
                            WORLDWIDE PETROMOLY, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS


                                                         Three Months Ended           Nine Months Ended
                                                            March 31,                 March 31,
                                                         2001          2000           2001        2000
                                                     ------------  ------------   ------------  -----------
                                                      (Unaudited)   (Unaudited)    (Unaudited)  (Unaudited)
<S>                                                  <C>           <C>            <C>           <C>

Net Sales . . . . . . . . . . . . . . . . . . . . .  $    48,933   $   311,408        205,351      499,543

Cost of Sales . . . . . . . . . . . . . . . . . . .       35,368       206,950        125,265      296,650
                                                     ------------  ------------   ------------  -----------

Gross Profit. . . . . . . . . . . . . . . . . . . .       13,565       104,458         80,086      202,893

Selling, Administrative
and General Expenses. . . . . . . . . . . . . . . .      399,403       451,964        980,125      817,104
                                                     ------------  ------------   ------------  -----------

(Loss) From Operations. . . . . . . . . . . . . . .     (385,838)     (347,506)      (900,039)    (614,211)

Other Income, Net . . . . . . . . . . . . . . . . .                    16,737              2       163,820
                                                     ------------  ------------   ------------  -----------

Net Loss.  . . . . . . . . . . . . . . . . . . . .   $  (385,838)  $  (331,056)      (900,037)    (450,391)
                                                     ============  ============   ============  ===========

Net (Loss) per Share. . . . . . . . . . . . . . . .  $      (.02)  $      (.02)         (.04)         (.02)
                                                     ============  ============   ============  ===========

Weighted Average Number of
Common Shares Outstanding . . . . . . . . . . . . .   23,240,391    21,200,664     23,240,391   21,010,664
                                                     ============  ============   ============  ===========
</TABLE>

           See accompanying notes to consolidated financial statements


                                        4
<PAGE>
<TABLE>
<CAPTION>
                            WORLDWIDE PETROMOLY, INC.
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS


                                                             NIne Months Ended
                                                                March 31,
                                                            2001          2000
                                                       --------------  -----------
                                                         (Unaudited)   (Unaudited)
<S>                                                    <C>             <C>

Cash Flows from Operating Activities:
  Net Loss. . . . . . . . . . . . . . . . . . . . . .  $    (900,037)  $ (450,391)
  Adjustments to reconcile
  Net Loss to Net Cash used in Operating Activities
  Depreciation. . . . . . . . . . . . . . . . . . . .         16,593       15,629
  Stock options granted to non-employees  . . . . . .         105,175         -0-
Changes in Assets and Liabilities
  Accounts Receivable . . . . . . . . . . . . . . . .       415, 360       (8,504)
  Inventories . . . . . . . . . . . . . . . . . . . .         94,626      (55,798)
  Prepaid Expense and Other Assets. . . . . . . . . .         (8,459)     (51,287)
  Accounts Payable and Accrued Expenses . . . . . . .       (389,110)     (22,180)
                                                       --------------  -----------

Net Cash used in Operating Activities . . . . . . . .       (665,852)    (572,531)
                                                       --------------  -----------

Cash Flows from Investing Activities:
  Capital Expenditures . . . . . . . . . . . . . .            (15,938)       (800)
                                                       --------------  -----------

Cash Flows from Financing Activities:
  Proceeds from exercise of stock options. . . . .            12,000          -0-
  Repayment of Notes Payable                                    -0-        (3,625)
  Borrowing from shareholder . . . . . . . . . . . .         504,098      336,902
                                                       --------------  -----------
  Net Cash provided by Financing Activities . . . . .        516,098      333,277


Net increase (decrease) in Cash and Cash Equivalents.        (165,692)   (240,054)

Cash and Cash Equivalents, Beginning of Period. . . .         170,858     603,336
                                                       --------------  -----------

Cash and Cash Equivalents, End of Period. . . . . . .  $       5,166   $  363,282
                                                       ==============  ===========
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements


                                        5
<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


NOTE  1  -  ORGANIZATION  AND  BUSINESS

Worldwide PetroMoly, Inc. (the "Company"), a publicly-held Colorado corporation,
is engaged in the marketing  and  distribution  of a line of engine  lubrication
products under the tradename "PetroMoly".  The Company was formed as a result of
a reverse  merger on July 22, 1996,  between Ogden,  McDonald & Company  ("Ogden
McDonald" the former name of the  Registrant  with the  Securities  and Exchange
Commission)  and Worldwide  PetroMoly  Corporation  ("WPC").  Ogden McDonald was
incorporated  in the state of Colorado on October  13,1989,  and became a public
"shell"   company  for  the   purpose  of  engaging  in  selected   mergers  and
acquisitions.  WPC was  incorporated in the state of Texas on April 1, 1993, and
prior to the  reverse  acquisition,  was engaged in the same line of business as
the Company. In connection with the reverse merger,  Ogden McDonald acquired all
of the  outstanding  common stock of WPC, and  subsequently  changed its name to
Worldwide  PetroMoly,  Inc. WPC is now a wholly owned subsidiary of the Company.
The Company contracts with independent parties for the blending of its lubricant
products.

NOTE  2  -  BASIS  OF  PRESENTATION

The  accompanying   unaudited  financial  statements  of  the  Company  and  its
wholly-owned   subsidiary  WPC  have  been  prepared  in  accordance   with  the
instructions and requirements of Form 10-QSB and, therefore,  do not include all
information  and  footnotes  necessary  for a  fair  presentation  of  financial
position,  results of  operations,  and cash flows in conformity  with generally
accepted  accounting  principles.  In the opinion of management,  such financial
statements  reflect  all  adjustments   (consisting  only  of  normal  recurring
accruals)  necessary for a fair  presentation  of the results of operations  and
financial position for the interim periods presented.  Operating results for the
interim  periods  are not  necessarily  indicative  of the  results  that may be
expected  for the  full  year.  These  financial  statements  should  be read in
conjunction with the Company's annual report on Form 10-KSB.


                                        6
<PAGE>
                            WORLDWIDE PETROMOLY, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL CONDITION AND
          RESULTS  OF  OPERATIONS

Information Regarding and Factors Affecting Forward-looking Statements of future
events  or  circumstances.

     The Company is including  the following  cautionary  statement in this Form
10-QSB to make applicable and take advantage of the safe harbor provision of the
Private  Securities  Litigation  Reform  Act of  1995  for  any  forward-looking
statements  made by, or on behalf of, the  Company.  Forward-looking  statements
include  statements  concerning plans,  objectives,  goals,  strategies,  future
events or performance and underlying  assumptions and other statements which are
other than statements of historical facts.

Certain  statements in this Form 10-QSB are  forward-looking  statements.  Words
such as  "expects",  "anticipates",  "estimates"  and  similar  expressions  are
intended to identify forward-looking  statements. Such statements are subject to
risks and  uncertainties  that could cause actual  results to differ  materially
from those  projected.  Such risks and  uncertainties  are set forth below.  The
Company's expectations,  beliefs and projections are expressed in good faith and
are  believed  by the  Company to have a  reasonable  basis,  including  without
limitation,  management's  examination  of  historical  operating  trends,  data
contained in the Company's  records and other data available from third parties,
but  there  can  be no  assurance  that  management's  expectation,  beliefs  or
projections will result, be achieved,  or be accomplished.  In addition to other
factors and matters  discussed  elsewhere  herein,  the  following are important
factors that, in the view of the Company,  could cause material  adverse affects
on  the  Company's  financial  condition  and  results  of  operations:   market
acceptance  and demand for the  Company's  products,  competitive  factors,  the
ability of the Company to obtain acceptable forms and amounts of financing.  The
Company has no obligation to update or revise these  forward-looking  statements
to reflect the occurrence


                                        7
<PAGE>
RESULTS  OF  OPERATIONS  -GENERAL

In  the  third  fiscal  quarter  of  the  year 2001's operation, the Company has
concentrated  most of its focus on searching for opportunities that show promise
for  enhancing shareholder value. These efforts resulted in the Company entering
into  an  Agreement and Plan of Merger dated March 26, 2001 and amended on April
30,  2001 (the "Merger Agreement") with Small Town Radio, Inc. (STRI) a recently
formed enterprise. The terms of of the Merger Agreement are more fully discussed
on  the  March  27 2001 report on form 8-K and in the "Outlook" below. There was
also  some  concentration  on  seeking  large  industrial accounts, which have a
higher  probability  of financial returns than the smaller groups have provided,
as  well  as  the  limited returns from the infomercial customers. The focus has
previously  been  on expanding and improving the product lines in the commercial
industrial  markets,  as  well  as  resellers and direct marketing in the retail
markets.  This  quarter,  the  Company's  activities  have  centered  around
interviewing  various  prospective  strategic  partners  that might leverage our
present  status,  either  as  a  public  company  or a specialized petrochemical
manufacturer,  as  to enhance The Company's overall value. Other activities also
included spending the appropriate and necessary amount of capital for additional
product  and  quality  control;  a  direct  marketing  campaign,  including  an
infomercial  and  Internet  sales.

The Company has had a distribution/purchase agreement with retailers for the oil
treatment,  and  has  sold  its  family  of  products  through its website other
distribution  channels.  The  sales  results  have been slow to mature, and have
forced management to find alternate ways of enhancing the Company's value in the
public  market.


                                        8
<PAGE>
This quarter the Company has continued some long-term field testing of its fully
formulated  engine  oils,  with several major multinational and state government
entities  as  they  continue evaluation tests of the PetroMoly products on their
complex high-end machinery and fleet vehicles. These evaluations are progressing
very  slowly  and  have  no  definable  termination  period.


THREE  MONTHS  ENDED  MARCH  31,2001,  COMPARED  TO  THREE  MONTHS  ENDED  MARCH
31,2000

Total  net  sales  for  the  three  months  ended March 31, 2001 were $48,933 as
compared  to  $  311,408  for  the  three  months  ended  March  31, 2000, a 84%
decrease.  The  reason  for  the  decrease  is  due to competition in the market
place  as  well as Management's decision to focus on  new  strategies to enhance
shareholder  value.    Sales  discounts  and  selective  sampling  of  products,
together  with  long  attentive  testing  periods  continued to be practiced, in
an  attempt  to  display  to  various strategic entities the Company's lubricant
technology.


                                      9
<PAGE>
Cost  of sales as a percentage of net sales was increased from 66% for the three
months  ended  March 31, 2000, to 72% for the three months ended March 31, 2001.
The  change in margins consisted of several factors which include: the Company's
costs  of  production  with  its  suppliers  as  well  as  freight  rates  for
distribution;  packaging  costs  of  its  oil  treatment  products;  and  higher
costs  of  production  as  well  rising  costs  of  petrochemicals and other raw
materials.

Selling, general and administrative expenses decreased to $399,403 for the three
months ended March 31, 2001, from $ 451,964 for the three months ended March 31,
2000.  However, Net Loss increased by $54,782 to ($385,838) for the three months
ended  March  31, 2001, from ($331,056) in the compared to quarter of 2000. Even
more  significant  was the nine months ended March 31, 2001 Net Loss as compared
to  period  of  the  nine  months ended March 31, 2000, which was ($900,037) and
($450,391) The increase in losses was due in part to the expense relating to the
issuance  of  stock  and  the  granting of Stock options during this quarter. On
November 14, 2000 the Company  filed  a stock  option plan, pursuant to Form S-8
with  the Securities Exchange Commission, which authorizes  the  Company's Board
of  Directors  to  grant options and shares of stock to purchase up to 1,750,000
shares  of  Common  Stock  to eligible employees and consultants of the Company.
As  all  of  these  options and shares were issued or granted during the quarter
ended  March  31, 2001, The  Company  has  elected  to account for stock options
issued  to  non-employees  in  accordance  with SFAS 123 using the Black-Scholes
option  pricing  model,  which totals to $105,175.  Also, this nine month period
had  no  investment  activities which had netted $163,000 during the nine months
ended  March  31, 2000. Other expenses this quarter include equipment purchases,
and  the  traveling  and  marketing  expenses  associated  with  the infomercial
campaign.



LIQUIDITY  AND  CAPITAL  RESOURCES.

At  March  31,  2001,  the Company had positive working capital in the amount of
$8,939,  as  compared  to  working  capital  of  $307,604  at  June  30,  2000.

Operating  activities  for  the  nine  months  ended March 31, 2001 used cash of
$665,852 compared to $572,531 for the nine months ended March 31, 2000. This 14%
increase  includes  the $105,175, mentioned above which was expensed this period
as  Stock  Options  granted  to  non-employees.

As  of  March  31,  2001,  the  Company  had no material commitments for capital
expenditures.

At  March  31, 2001, the Company has recorded a full valuation allowance against
all  deferred  tax  assets  because  it  could not determine whether it was more
likely  or  not  that  the  deferred  tax  asset  would  be  utilized.

For  the  three  months  ended March 31, 2001 and 2000, the Company incurred net
losses  totaling  $385,838  and  $347,506  respectively, and for the nine months
ended March 31, 2001 and 2000, the Company incurred net losses totaling $900,037
and  $450,391  respectively. In the event that the Company is unable to generate
sufficient  revenues  from  operations,  or  is  unable  to  obtain  additional
financing,  it may be unable to continue to develop and support its present cost
levels and continue as a going concern. As discussed below in the "Outlook", the
Company  has recently entered into the Merger Agreement, which if completed will
add  significant cash value to the company as a going concern . No assurance can
be  given  that  the  Company will be successful in closing this transaction; or
that  it will be able to obtain alternate financing at terms that are acceptable
to  the  Company. Additionally, the sole source of financing at the present time
is  the  Company's majority stockholder, Gilbert Gertner. If Mr. Gertner ceases,
for any reason, funding the Company's operational activities, the Company may be
unable  to  continue to develop and support its present cost levels and continue
as  a  going  concern. At the time of this filing, the Company owes Mr. Gertner,
$1,568,392  which  is  due  on  demand.


                                      10
<PAGE>
OUTLOOK


As  mentioned  in  our  recent  filings,  including the June 30, 2000 10KSB, the
Company  had  been  interviewing various businesses, either complementary to its
lubricant  activities  or  in an unrelated area. As noted above, the Company has
recently  entered  into the Merger Agreement with STRI, which intends to acquire
and  operate  a  number  of  radio stations. The transaction was approved by the
Board  of  Directors of the Company on March 26, 2001, and is subject to certain
conditions,  including  the receipt of appropriate financing, a fairness opinion
and  other  standard  closing  conditions  for  an  acquisition of this size and
nature.  The  transaction  is  expected to close at the end of May. Although the
parties  intend to continue in good faith to complete the merger, certain of the
conditions  are  outside  of the parties' control, and no assurance can be given
that  all  of  the  conditions  will  be  met or waived and that the merger will
actually  close.  The  business  strategy of STRI is to acquire a group of radio
stations  primarily  located  in  small  unrated  markets  and create contiguous
broadcasting areas under the control of STRI. The proposed plan also anticipates
the  upgrading of the acquired stations to transmit digital signals, and provide
state-of-the-art  features  to  the listening area and its advertisers. Once the
proposed merger is complete, the Company will completely divest itself of all of
its  previous  lubrication  business  activities.


                                      11
<PAGE>
                   PART  II  -  OTHER  INFORMATION

Item  2.  Changes  in  Securities

During  the  three  months ended March 31, 2001, there were no transactions that
were effected by the Company in reliance upon exemptions from registration under
the  Securities  Act  of 1933 as amended (the "Act") as provided in Section 4(2)
thereof.


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  EXHIBITS

             none


(b)  REPORTS ON FORM 8-K.

On  March 27,2001, the Company filed a Current Report on Form 8-K announcing (i)
the signing of the Merger Agreement with STRI, and (ii) the modified composition
of  the  Company's  Board  of  Directors  following  the  merger.


                                   SIGNATURES

     In  accordance with the requirements of Section 13 of 15(d) of the Exchange
Act,  the  Registrant  has  caused this report to be signed on its behalf by the
undersigned,  thereunto  duly  authorized,  on  May 15, 2001.


                               Worldwide PetroMoly, Inc.

                           By:  /s/  Gilbert  Gertner
                               Gilbert  Gertner
                               Director, Secretary  and
                               Chairman  of  the  Board


     Pursuant  to  the  requirements  of  the Exchange Act, this report has been
signed  below  by  the  following  persons  in  the  capacities and on the dates
indicated:


May 15, 2001              By:  /s/  Gilbert  Gertner
                               Gilbert  Gertner
                               Director, Secretary  and
                               Chairman  of  the  Board

May 15, 2001              By:  /s/  Lance  Rosmarin
                               Lance  Rosmarin
                               Director,  President
                               and Chief Financial and Accounting Officer


                                      12
<PAGE>