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 March 31, 2000

                           Commission File No. 0-24684

                             LONE WOLF ENERGY, INC.
                 (Name of small business issuer in its charter)

                                    Colorado
         (State or other jurisdiction of Incorporation or Organization)

                                   73-1550360
                      (IRS Employer Identification Number )

                               2400 NW 30th, #814
                          0klahoma City, Oklahoma 73112
                                 (405) 946-4850
        (Address, including zip code and telephone number, including area
                     Code of registrant's executive offices)

                               K&S VENTURES, INC.
                           (Former Name of Registrant)

      Securities registered under Section 12 (b) of the Exchange Act: none

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

                         Common Stock, $0.001 par value
                                (Title of class)

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15 (d) of the  Securities  Exchange  Act of 1934 during the  preceding  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 [ ]




State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the  latest  practicable  date:  As of March 31,  2000 there were
15,670,000 shares of the Company's common stock issued and outstanding.

Documents Incorporated by Reference: None





<PAGE>





PART 1. - FINANCIAL INFORMATION

Item 1. Financial Statements

a.   The following  financial  statements include all adjustments , which in the
     opinion of management  are necessary to make the financial  statements  not
     misleading.


                             LONE WOLF ENERGY, INC.
                          (A Development Stage Company)
                                 BALANCE SHEETS
                             March 31, 1999 AND 1998
                                   (Unaudited)

                                                         March 31,  December 31,
                                                              2000          1999
                                                         -----------------------

                        ASSETS

Current Assets
    Cash                                                    10,676       108,472
    Accounts receivable                                    131,341            --
    Inventory                                              159,430            --
    Note receivable                                      1,000,000            --
    Current portion of long-term note receivable                --        72,169
    Other current assets                                     1,950         4,681
                                                         -----------------------
        Total current assets                             1,303,397       185,322

Long Term Assets
    Note receivable -net of current portion                     --       564,148
    Investments                                             24,375        24,375
                                                         -----------------------

TOTAL ASSETS                                             1,327,772       773,845
                                                         =======================

     The accompanying notes are an integral part of the Financial Statements


                                       2
<PAGE>


<TABLE>
<S>                                                                                <C>                    <C>
                   LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
    Accounts payable                                                                  22,634                4,257
    Current portion of long-term debt                                                     --               56,464
    Notes payable                                                                    165,000              100,000
    Accrued expenses on contract sale                                                393,900                   --
    Accrued income taxes                                                             271,000                   --
    Other current liabilities                                                             --                2,521
                                                                                  ----------           ----------

      Total current liabilities                                                      852,534              163,242

Long term debt-net of current portion                                                     --              409,633

Other liabilities
    Deposits                                                                              --               24,000
    Deferred revenue                                                                      --              160,449
                                                                                  -------------------------------

Total Liabilities                                                                    852,534              757,324
                                                                                  -------------------------------

Stockholders' Equity
     Preferred Stock, $0.001 par value, 20,000,000 shares authorized,
           No shares issued and outstanding                                               --                   --
     Common Stock, $0.001 par value, 100,000,000 shares authorized,
      15,670,000 shares issued and outstanding at March 31, 2000 and
      11,670,000 shares issued and outstanding at December 31, 1998                   15,670               11,670
    Additional Paid in Capital                                                        81,941               45,941
    Unrealized Gain/(Loss) on Available for Sale Securities                           (7,969)              (7,969)
     Retained Earnings (Deficit)                                                     385,596              (33,121)
                                                                                  -------------------------------

     Total stockholders' equity                                                      475,238               16,521
                                                                                  -------------------------------

TOTAL LIABILITIES' AND STOCKHOLDERS' EQUITY                                        1,327,772              773,845
                                                                                  ===============================

</TABLE>


                                       3
<PAGE>


                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
               For the three months ended March 31, 2000 and 1999
                                   (Unaudited)

                                                          Three Months
                                                              Ended
                                                    ---------------------------
                                                      March 31,        March 31,
                                                         2000            1999

Revenue
     EP Sales                                            14,915              --
     Equipment financing                                 25,173              --
     Gain on sale of equipment financed                 155,278              --
     Sale of equipment financing contract             1,000,000              --
                                                    ---------------------------
                                                      1,195,366              --
                                                    ---------------------------
Cost of Sales
     EP Costs                                             8,708              --
     Equipment financing                                 12,089              --
     Sale of financing contract                         421,799              --
                                                    ---------------------------
                                                        442,596              --
                                                    ---------------------------

Gross Profit                                            752,770              --
                                                    ---------------------------

Operating Expenses
     Rent                                                 1,050              --
     Advertising                                          4,625              --
     Insurance                                              295              --
     Legal                                                   --          22,000
     Accounting                                              --              --
     Consulting                                          49,000           3,000
     Transfer Agent                                         452             375
     Telephone                                            1,943             745
     Office                                               3,408              --
     Travel                                                 642              --
     Public Relations                                       175              --
     Filing Fees                                            504              --
     Interest                                               640              --
     Miscellaneous                                          319              12
                                                    ---------------------------
         Total Expenses                                  63,053          26,132
                                                    ---------------------------

Net Income(Loss) before income taxes                    689,717         (26,132)

Provision for income taxes                              271,000              --
                                                    ---------------------------

Net Income(Loss)                                        418,717         (26,132)
                                                    ---------------------------

Weighted Average Shares Outstanding                  13,170,000      11,170,000
                                                    ---------------------------

Income(Loss) Per Share                                    $0.03           $0.00
                                                    ---------------------------


     The accompanying notes are an integral part of the Financial Statements

                                       4
<PAGE>

                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
               For the three months ended March 31, 2000 and 1999
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                   March 31, 2000  March 31, 1999
                                                   ------------------------------
<S>                                                      <C>              <C>
Operating Activities:
     Net Income(Loss)                                     418,717         (26,132)
     Change in accounts receivable                       (131,341)             --
     Change in inventory                                 (159,430)             --
     Change in notes receivable                          (363,683)             --
     Change in other current assets                         2,731              --
     Change in accounts payable                            18,377              --
     Change in other current liabilities                   (2,521)             --
     Change in notes payable                             (401,097)             --
     Change in accrued expenses                           393,900              --
     Change in accrued income income taxes                271,000              --
     Change in deposits                                   (24,000)             --
     Change in deferred revenue                          (160,449)             --
                                                         ------------------------

     Cash Used In Operating Activities                   (137,796)           (232)
                                                         ------------------------

Financing Activities:
     Common stock issued for services rendered             40,000              --

                                                         ------------------------
       Cash provided by financing activities               40,000              --
                                                         ------------------------

Investing Activities                                           --              --
                                                         ------------------------

Change in Cash                                            (97,796)           (232)

Cash at Beginning of Period                               108,472             282
                                                         ------------------------

Cash at End of Period                                      10,676              50
                                                         ------------------------

     The accompanying notes are an integral part of the Financial Statements

</TABLE>


                                       5
<PAGE>



                             LONE WOLF ENERGY, INC.
                           A Development Stage Company
                          (Formerly K&S Ventures, Inc.)
                          NOTES TO FINANCIAL STATEMENTS
               For the three months ended March 31, 2000 and 1999

1.   SIGNIFICANT ACCOUNTING POLICIES

     Organization

     Lone Wolf Energy,  Inc.  (formerly K&S Ventures,  Inc.) was incorporated on
March 4, 1991 in the state of Colorado.  In February  1999 the Company  signed a
Master  Sales  Agreement  with  Eagle  Capital,   Inc.  (OTCBB:  ECIC)  to  sell
specialized  equipment used in producing patented IMSI blocks for mortarless dry
stack  construction.  The agreement called for the Company to provide ten mobile
block  plants and five  portable  Q-Bond  plants over the next three  years.  In
February  2000 the company  terminated  the Master Sales  Agreement and sold the
equipment  it was  financing  under  that  agreement.  Under  the  terms  of the
termination  and sale of the  equipment  being finance the Company is to receive
$1,625,000 of which $500,000 had been received as of March 31, 2000. The company
will no longer be in the  equipment  business but has entered into  contracts to
engage in the telecommunications and Internet businesses.

     Basis of Accounting

     Assets,  liabilities,  equity,  revenue and expenses are recorded under the
accrual method of accounting in conformity  with generally  accepted  accounting
principles.

     Cash and cash equivalents

     The  Company   considers  all  cash  and  marketable   securities  as  cash
equivalents.

     Income Taxes

     For the years prior to 1997,  the Company was taxed under the provisions of
Subchapter S of the Internal Revenue Code. Under the provisions of the Code, all
losses or taxable income flowed to the  stockholders of the Company.  In January
1997, the Company's  standing as a Subchapter S  corporation,  as defined by the
Internal  Revenue  Code,  was changed  because of the  purchase of common  stock
during 1997 by a corporate  shareholder.  Beginning with the year ended December
31,  1997,  the Company  will be  considered  a "C"  corporation  for income tax
purposes.

     Fiscal Year End

     The Company's fiscal year end is December 31.

     Earnings (Loss) per Share

     Primary income (loss) per share is calculated by dividing net income (loss)
by the weighted average shares of common stock of the Company outstanding during
the period .

     Use of Estimates

     The  preparation  of financial  statements  in  conformity  with  generally
accepted  principles  requires management to make estimates and assumptions that
affect  the  reported  amounts  of  assets  and  liabilities  at the date of the
financial statements and the reported revenues and expenses during the reporting
period. Actual results could differ from those estimates.





                                       6
<PAGE>



2.   STOCKHOLDERS' EQUITY

     Issuance of Common Stock

     During the first quarter of 2000, 4,000,000 shares were issued at $0.01 per
share for services rendered to certain officers of the Company.

3.   INCOME TAXES

     Income taxes reflect a combined federal and state tax rate of approximately
     40% after a loss carry-forward of approximately $13,000 from 1999.

4.   EARNINGS (LOSS) PER SHARE

            Common Shares Outstanding                                 15,670,000

            Effect of using weighted average common and
            Common equivalent shares outstanding                       2,000,000
                                                                      ----------

            Weighted average common shares outstanding                13,670,000
                                                                      ----------


5.   NOTES RECEIVABLE

     In April  1999 the  Company  entered  into a master  agreement  with  Eagle
     Capital International, Ltd. ("ECIC"). The terms of the agreement called for
     ECIC to pay $12,000 per month for a period of seven (7) years.  In February
     ECIC  terminated  the agreement by purchasing the first unit sold under the
     agreement  for  $625,000.  . As of the  balance  sheet  date  they had paid
     $500,000 and subsequent to the balance sheet date another  $50,000 was paid
     with  the  balance  due in  June  2000.  In  addition  they  agreed  to pay
     $1,000,000  to terminate  thee master sales  agreement.  This amount is due
     under a note  with  interest  payments  payable  monthly  at 12% per  annum
     beginning April 1, 2000 and the note becoming due in full on July 30, 2000.


6.   INVESTMENTS

     The company's investments at March 31, 2000 and December 31, 2000 consisted
of available-for sale marketable securities of Eagle Capital International, Ltd.
Common stock carried at market value.


7.   NOTES PAYABLE

     The  Company  had a note  payable  at  December  31,  1999  with a  lending
institution  for an original  amount of $500,000  bearing  interest at 8.75% per
annum with a payment of $7,900 for seven (7) years. This note was paid of in the
first quarter of 2000. The lending institution has an option to purchase 500,000
thousand shares of the Company's  common stock for $.15 per share as a result of
this loan.  In addition  the Company  also agreed to pay a  shareholder  600,000
shares of common stock for guarantying the note.

     The notes at March 31 are short-term notes payable to individuals.


8.   STOCK OPTIONS

     In March 2000 the Company issued an option to it's business  consulting and
marketing  to group to purchase  1,250,000  shares of it's common stock at $0.02
per share.


                                       7
<PAGE>

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

     The  following   discussion   should  be  read  in  conjunction   with  the
accompanying financial statements.

     Equipment  Sales;  Discontinuation  of  Equipment  Sales.  During  1999 and
through  February 2000,  the Company's only business  activity was pursuant to a
Master  Equipment  Sales  Agreement  between the Company,  as seller,  and Eagle
Capital,  Inc.  (OTCBB:ECIC).  The Master Equipment Sales  Agreement,  signed in
February  1999,  obligated  the Company to sell ten mobile block plants and five
portable  Q-Bond plants (used in producing  patented IMSI blocks for  mortarless
dry stack  construction)  over the  following  three years.  In April 1999 Eagle
ordered the first plant and made payments on the first plant through March 2000.
Payments during 1999 in connection with the first plant were $120,893.  Payments
through  March 31, 2000 were $25,173 and are  reflected  as equipment  financing
revenues in the accompanying financial statements. The gain on sale of equipment
in the financial statements is the profit from the sale of the first plant.

     In February  2000,  the Company and Eagle  Capital  agreed to terminate the
Master Equipment Sales Agreement.  Pursuant to the agreement to terminate, Eagle
Capital executed and delivered a promissory note for termination  charges in the
amount of $1 million.  The principal of the note is payable on July 30, 2000. Of
the Company's total revenue reflected in the accompanying  financial  statements
for the period ended March 31, 2000, $1,180,451 is from operations arising under
the Master Equipment Sales Agreement and all of the Company's net income for the
period  is  related  to those  operations.  Since  the  Master  Equipment  Sales
Agreement has been  terminated,  none of the revenue or income arising under the
Master  Equipment  Sales  Agreement can be indicative of future  operations.  In
addition,  the Company has terminated this line of business and will not receive
revenue or income from this line of business in the future.

     Acquisitions;  New Lines of  Business.  Since March  2000,  the Company has
entered into agreements for various acquisitions for new lines of business. Each
acquisition is or will be operated as a separate subsidiary or business unit, as
follows:

     EP  Distributing  Co. In March 2000 the Company  purchased the assets of EP
Distributing  Company for $120,000 in cash and stock.  The assets are  currently
operated as a division of the Company.

     The  division  sells  nutritional  products  (with its  primary  line being
Earths'  Pharmacy  products)  and plans to  broker  sales of  medical  supplies.
Revenues  and  cost of  sales  for the  division  are  separately  shown  in the
accompanying financial statements.  Operating expenses allocated to the division
in the financial  statements are $9,633,  with the division  incurring a loss of
$3,426 in the month it was operated by the Company.


                                       8
<PAGE>


     The Company's  immediate plans are to identify key products of the division
and develop an aggressive  marketing  plan for the products.  The ability of the
division to become profitable will depend on marketing its nutritional  products
to a broad base of customers.  The Company  believes it has sufficient  internal
funds to finance the operations of the division for the next twelve months.  The
Company does not currently plan any material  research and development  expenses
or any material  purchases of plant and  equipment  for the division in the next
twelve  months.  Currently,  there is one  employee  assigned  to the  division.
Additional employees will be added as needed.

     Zenex  Communications,  Inc. On May 5, 2000,  the Company  entered  into an
agreement to acquire Zenex  Communications,  Inc.  conditioned  upon  regulatory
approval.  The Company will issue  15,550,000  shares of its Common Stock as the
purchase price for this  acquisition.  When the acquisition is completed,  Zenex
will be operated as a subsidiary of the Company.

     Zenex is a  switch-based  provider of telephone  services  with revenues in
excess of $1.25 million in the first quarter of 2000.  When the  acquisition  is
completed, the Company plans that Zenex will continue its current operations and
expects  that  Zenex  will  generate  sufficient  revenue  to  sustain  its  own
operations  during the next twelve  months.  The Company does not currently plan
any material  research  and  development  expenses or any material  purchases of
plant and equipment in the next twelve months. Zenex has 11 full-time employees.
Additional employees will be added if needed.

     Churchlink.com,  Inc. On May 11, 2000, the Company acquired Churchlink.com,
Inc. for a purchase price of 100,000 shares of the Company's  Common Stock (with
an additional 400,000 shares to be issued if certain performance goals are met).
Churchlink is operating as a subsidiary of the Company.

     Churchlink is an online  communications hub for churches and their members.
Churchlink  is  currently  conducting  beta tests  with  selected  churches  and
updating its software and plans a national rollout of its product before the end
of September 2000. The Company projects that Churchlink will need  approximately
$500,000 to $1,000,000 to test and launch its product.  The Company is currently
negotiating  financing  for such costs with external  sources.  Included in such
costs is a minimal amount of costs for additional  research and  development and
additional  equipment.  Churchlink has one full-time employee. It is anticipated
five  full-time  employees  will be  added  in the near  future  and  additional
employees will be added if needed.

     Other.  The  Company's  immediate  plan of  operation  is to  focus  on the
operations of the foregoing  acquisitions and assimilate them into the Company's
operations.  Except as  discussed  above,  the Company has no current  plans for
capital expenditures or research and development.  The Company currently has two
full-time  employees  (other  than  those  noted  above) and has no plans to add
additional employees except as noted above.

     Forward Looking Statements. The discussion in this Item 2 contains a number
of forward-looking  statements,  all of which are based on current expectations.
These  statements are not intended to be forecasts of future  financial or other
performance.  Actual results and operations may differ  materially from those in
the forward-looking statements.



                                       9
<PAGE>



PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Not Applicable

Item 2. Change in Securities

Not Applicable

Item 3. Defaults Upon Senior Securities

Not Applicable

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

Not Applicable

Item 5. Other Information

Not Applicable

Item 6. Exhibits and Reports on Form 8-K

Exhibits
     None

Reports on Form 8-K
     The Company filed an 8-K on March 2, 2000 announcing the termination of its
Master Sales Agreement with Eagle Capital.



                                       10
<PAGE>


SIGNATURES

In accordance with the  requirements of the Exchange Act, the Registrant  caused
this  report to be  signed on its  behalf  by the  undersigned,  thereunto  duly
authorized.


                                           LONE WOLF ENERGY, INC.

                                           /s/    Douglas A. Newman
                                           -----------------------------------
                                           By:    Douglas A. Newman, Sec,y
                                           Date:  May 9, 2000


                                       11