United States
                       Securities and Exchange Commission
                             Washington, D.C. 20549

                                   Form 10-QSB


[X] QUARTERLY REPORT PURSUANT SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
    OF  1934  FOR  THE  QUARTERLY  PERIOD  ENDED  OCTOBER  31,  1999

                                       OR

[ ] TRANSITION  REPORT PURSUANT SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
    ACT  OF  1934  FOR  THE  TRANSITION  PERIOD            .
                                                -----------

COMMISSION  FILE  NO.     0-26563
                          -------

                                  VSOURCE, INC.

         (Exact  Name  of  Small  Business  Issuer  in  its  Charter)


                    Nevada                                95-3538903
                    ------                                ----------
        (State or other jurisdiction of               (I.R.S.  Employer
         incorporation or organization)               Identification  No.)


        5740  Ralston  Street, Suite  110
                   Ventura,  CA                               93003
        --------------------------------                      -----
      (Address of principal executive office)               Zip Code


Issuer's  telephone  number:    (805) 677-6720


Interactive Buyers Network International, Ltd.
(Former name if changed from last report)

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

Check  whether  the  Issuer  (1)  has  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  [  ]  NO  [X].

The  aggregate  market  value of the voting common equity held by non-affiliates
computed  by reference to average bid and ask price of such common equity, as of
January  3,  2000  is  $211,540,000.  On  this  date  approximately  12,263,000
shares  were  held  by  non-affiliates.

As of January 3,  2000, the Issuer had 15,849,648 shares  of  its $.01 par value
common  stock  outstanding.

Transitional  Small  Business  Disclosure  Format:   YES [ ]     NO [X]


                                        1
<PAGE>
                                  Form 10-QSB

                                     PART I

Item  1 - Financial Statements

<TABLE>
<CAPTION>
                                       Vsource, Inc.  and Subsidiaries
                                         CONSOLIDATED BALANCE SHEET


                                 ASSETS

                                                                   OCTOBER 31,       JANUARY 31,
                                                                       1999             1999
                                                                 ----------------  ---------------
                                                                   (UNAUDITED)
<S>                                                              <C>               <C>
 CURRENT ASSETS
   Cash                                                          $       158,030   $       59,937
   Accounts receivable                                                         -            3,590
                                                                 ----------------  ---------------

     TOTAL CURRENT ASSETS                                                158,030           63,527
                                                                 ----------------  ---------------

 PROPERTY AND EQUIPMENT
   Furniture and fixtures                                                215,676           64,588
   Software                                                                8,899            8,899
                                                                 ----------------  ---------------

                                                                         224,575           73,487
   Less: accumulated depreciation                                         75,713           50,920
                                                                 ----------------  ---------------

     PROPERTY AND EQUIPMENT, NET                                         148,862           22,567
                                                                 ----------------  ---------------

 OTHER ASSETS
   Prepaid rent                                                            3,750           37,500
   Employee receivables                                                  120,861           68,027
   Intangible assets, net of accumulated amortization                    626,235          922,875
   Other assets                                                            1,100            1,757
                                                                 ----------------  ---------------

     TOTAL OTHER ASSETS                                                  751,946        1,030,159
                                                                 ----------------  ---------------

 TOTAL ASSETS                                                    $     1,058,838   $    1,116,253
                                                                 ================  ===============


              LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

 CURRENT LIABILITIES
   Accounts payable                                              $       300,175   $       49,222
   Accrued liabilities                                                    50,751           77,785
   Convertible notes payable - related parties                                 -          857,200
                                                                 ----------------  ---------------

     TOTAL CURRENT LIABILITIES                                           350,926          984,207

 DEFERRED REVENUE                                                              -            3,250
                                                                 ----------------  ---------------

     TOTAL LIABILITIES                                                   350,926          987,457
                                                                 ----------------  ---------------

 COMMITMENTS AND CONTINGENCIES (Note 8)

 STOCKHOLDERS' EQUITY (DEFICIT)
   Preferred stock, $.01 par value
     5,000,000 shares authorized,
     - 0 - shares issued and outstanding                                       -                -
   Common stock, $.01 par value,
     50,000,000 shares authorized,
     and 15,553,805 issued and outstanding on October 31, 1999
     11,401,451 issued and outstanding on Jan. 31, 1999                  155,538          114,014
   Additional paid-in capital                                          7,960,382        4,296,392

   Accumulated deficit                                                (7,229,210)      (4,281,610)
                                                                 ----------------  ---------------

                                                                         886,710          128,796

     Less: notes receivable - related parties                           (178,798)               -
                                                                 ----------------  ---------------

     TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                707,912          128,796
                                                                 ----------------  ---------------

 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)            $     1,058,838   $    1,116,253
                                                                 ================  ===============
</TABLE>

See Notes to Consolidated Financial Statements


                                        2
<PAGE>
<TABLE>
<CAPTION>
                                  Vsource, Inc.  and Subsidiaries
                              CONSOLIDATED STATEMENTS OF OPERATIONS


                                              FOR THE THREE                 FOR THE NINE
                                               MONTHS ENDED                 MONTHS ENDED
                                                OCTOBER 31,                  OCTOBER 31,
                                             1999          1998          1999          1998
                                         (UNAUDITED)   (UNAUDITED)   (UNAUDITED)   (UNAUDITED)
                                         ------------  ------------  ------------  ------------
<S>                                      <C>           <C>           <C>           <C>
 Revenue                                 $     2,230   $    11,055   $    10,215   $    52,757
                                         ------------  ------------  ------------  ------------
 Operating expenses:
   General and administrative expenses       226,745       142,197       803,742       445,937
   Research and development                1,034,021       276,027     2,154,073       865,641
                                         ------------  ------------  ------------  ------------
                                           1,260,766       418,224     2,957,815     1,311,578
                                         ------------  ------------  ------------  ------------
 Net loss                                $(1,258,536)  $  (407,169)  $(2,947,600)  $(1,258,821)
                                         ============  ============  ============  ============
 Basic weighted average number of
   common shares outstanding              14,339,164    10,740,307    13,296,009    10,715,839
                                         ============  ============  ============  ============
 Net loss per common share
   Basic                                 $     (0.09)  $     (0.04)  $     (0.22)  $     (0.12)
                                         ============  ============  ============  ============
</TABLE>

See Notes to Consolidated Financial Statements


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                    Vsource, Inc.  and Subsidiaries
                                 CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                                                   FOR THE NINE
                                                                                   MONTHS ENDED
                                                                                    OCTOBER 31,
                                                                                 1999          1998
                                                                             ------------  ------------
                                                                             (UNAUDITED)    (UNAUDITED)
<S>                                                                          <C>           <C>
 CASH FLOWS FROM (TO) OPERATING ACTIVITIES
   Net loss                                                                  $(2,947,600)  $(1,258,821)
   Adjustments to reconcile net loss to net cash used
     by operating activities:
      Depreciation & amortization                                                322,090       181,702
      Beneficial conversion feature                                              241,753       157,285
     Issuance of stock, stock options, and debt for services,
       expense reimbursements and accrued interest                               647,839       150,295
  Changes in:
     Accounts receivable                                                           3,590             -
     Prepaid expenses                                                                  -        21,036
     Prepaid rent                                                                 33,750             -
     Other assets                                                                    281        (8,651)
     Accounts payable                                                            250,953        19,220
     Deferred revenue                                                             (3,250)      (23,393)
     Accrued liabilities                                                         (27,034)       53,628
                                                                             ------------  ------------

     NET CASH USED BY OPERATING ACTIVITIES                                    (1,477,628)     (707,699)

 CASH FLOWS FROM (TO) INVESTING ACTIVITIES
   Advances to employees                                                         (52,833)            -
   Purchase of equipment                                                        (151,088)            -
                                                                             ------------  ------------

     NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES                           (203,921)            -
                                                                             ------------  ------------

 CASH FLOWS FROM (TO) FINANCING ACTIVITIES
   Proceeds from issuance of common stock, net of issuance costs of $10,000    1,749,942             -
   Proceeds from borrowings                                                       29,700       687,010
                                                                             ------------  ------------

     NET CASH PROVIDED BY FINANCING ACTIVITIES                                 1,779,642       687,010
                                                                             ------------  ------------

 NET INCREASE (DECREASE) IN CASH                                                  98,093       (20,689)

 CASH, BEGINNING OF PERIOD                                                        59,937        55,406
                                                                             ------------  ------------

 CASH, END OF PERIOD                                                         $   158,030   $    34,717
                                                                             ============  ============

 Supplemental disclosure of cash flow information is as follows:

     Income taxes                                                            $     1,600   $     1,600
                                                                             ============  ============
</TABLE>

 Supplemental  disclosure  of  non-cash  investing  and  financing transactions:

   Issuance  of  common  stock  in  connection  with  following  transactions:

     On  June  1,  1998,  the  Company  issued  $1,186,555  of  common  stock in
connection with the acquisition of Wpg.Net, Inc.

     During the  nine  months  ended  October  31,  1999,  636,100 stock options
were exercised upon the issuance of notes receivable in the amount of  $178,798.


                                        4
<PAGE>
                       Vsource, Inc.  and Subsidiaries

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.     Summary  of  Significant  Accounting  Principles
       ------------------------------------------------

Unaudited  Interim  Financial  Information
------------------------------------------

The  interim  consolidated financial statements as of October 31, 1999 have been
prepared by  Vsource, Inc. (the  Company) pursuant  to the rules and regulations
of the Securities and Exchange  Commission (the  "SEC")  for  interim  financial
reporting. These consolidated statements are unaudited and, in  the  opinion  of
management, include all adjustments (consisting of  normal recurring adjustments
and accruals) necessary to  present  fairly  the  consolidated  balance  sheets,
consolidated operating results, and  consolidated cash  flows  for  the  periods
presented  in  accordance  with generally accepted  accounting  principles.  The
consolidated  balance  sheet  at  January 31,  1999 has been  derived  from  the
audited consolidated financial statements at that  date. Operating  results  for
the quarter and nine-month periods  ended October 31, 1999 are  not  necessarily
indicative of the results that may be expected for the year ending  January  31,
2000.   Certain  information  and  footnote  disclosures  normally  included  in
financial statements prepared in accordance with generally  accepted  accounting
principles  have  been  omitted  in  accordance  with  the rules and regulations
of  the  SEC.   These  consolidated  financial  statements  should  be  read  in
conjunction with the audited consolidated financial statements, and accompanying
notes,  included in the Company's Registration Statement on Form 10-SB (File No.
-030326). Certain prior period amounts have been reclassified to conform  to the
current  period  presentation.

Use  of  Estimates  in  Preparation  of  Consolidated  Financial  Statements
----------------------------------------------------------------------------

Management  of  the  Company  has  made  a  number  of estimates and assumptions
relating  to  the  reporting  of  assets,  liabilities,  revenue,  expenses  and
disclosure  of  contingent  assets  and  liabilities  to prepare these financial
statements   in   accordance  with  generally  accepted  accounting  principles.
Accordingly,  actual  results  may  differ  from  those  estimates.

Loss  Per  Share
----------------

Loss  per share of common stock is computed using the weighted average number of
common shares outstanding during the period shown.  Common stock equivalents are
not  included  in  the  determination  of  the weighted average number of shares
outstanding,  as  they  would  be  antidilutive.

     2.     Subsequent  Event
            -----------------

On or about December 14, 1999, the Company's name change to Vsource, Inc. became
effective in Nevada, its state of incorporation.


                                        5
<PAGE>
Item  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  AND  RESULTS  OF  OPERATIONS

The  following  discussion should be read in conjunction with the Company's Form
10-SB  and the consolidated financial statements for the years ended January 31,
1999  and  1998; and the consolidated financial statements and related notes for
the  six  month  period  ended  July  31, 1999. The statements in this Quarterly
Report  on  Form  10-QSB  relating  to  matters  that  are not historical facts,
including  but  not limited to statements found in this "Management's Discussion
and  Analysis  of  Financial  Condition and Results of Operations", are forward-
looking  statements  that  involve a number of risks and uncertainties.  Factors
that could cause actual future results to differ materially from those expressed
in   such  forward-looking  statements  include  but  are  not  limited  to  the
uncertainty of the Company's ability to continue as a going concern and need for
additional  financing  and  other  risks  and uncertainties as discussed in this
Quarterly  Report  and  the  Company's  Form  10-SB.

Vsource,  Inc. (the  "Company")  creates and markets Internet-based applications
for  businesses.  An  Internet-based  application is best  described as computer
software  and data that reside  on  a  remote  server, rather  than  the  user's
computer,  where that software and  data  are  accessed  over the Internet.  The
Company  intends  to generate fees by licensing its  Internet-based applications
for  use by businesses.  Currently, the Company offers  two  such  applications,
Virtual  Source  Network  and  Virtual Source Publisher.  Virtual Source Network
may  be  used  by  corporate  clients  to  purchase  goods  and services via the
Internet.  Virtual  Source Publisher is  a do-it-yourself  web site builder that
allows  a  user  to  establish  its own Internet web site.  On December 14, 1999
the  Company's name change  to  Vsource, Inc. became  effective  in  Nevada.  On
January  4,  2000  the  Company's  trading  symbol  changed  to  VSRC.

MANAGEMENT'S  DISCUSSION  &  ANALYSIS  OF RESULTS OF  OPERATIONS  -  NINE MONTHS
ENDED  OCTOBER  31,  1999,  COMPARED  TO THE NINE MONTHS ENDED OCTOBER 31, 1998:

REVENUE
For  the  nine  months ended October 31, 1999, Revenue was $10,215, down $42,542
(80.6%)  from  $52,757  during  the  nine  months  ended October 31, 1998.  This
decrease  results  from the Company's decision, early in the 1999 fiscal period,
to  discontinue the annual subscription program relative to its previous version
of  Virtual  Source  Network.  It  also  reflects the fact that the new Internet
version  of Virtual Source Network has not yet begun to generate revenue for the
Company.  Further,  the  Company's  Virtual  Source  Publisher has not generated
revenue  to  date.

GENERAL  AND  ADMINISTRATIVE  EXPENSES
For  the nine months ended October 31, 1999, General and Administrative Expenses
were  $803,742,  up  $357,805 (80.2%) from $445,937 during the nine months ended
October  31,  1998.   This  increase was caused primarily by increased executive
staff,  added  expenses associated with Wpg.net, Inc., acquired in June of 1998,
as  well  as  higher  interest  expense.

RESEARCH  AND  DEVELOPMENT
For  the  nine months ended October 31, 1999, Research and Development  Expenses
were  $2,154,073,  up  $1,288,432  (148.8%) from $865,641 during the nine months
ended  October  31,  1998.  This  increase  was  caused primarily by significant
increase in development effort associated with the Company's Internet version of
Virtual   Source  Network.   These  costs  included  heavy  use  of  independent
contractors,  as  well as the addition of highly paid technical employees in its
Seattle  office.   The  Company  does  no  work  that  would  be considered pure
research,  or  basic  research.

NET  LOSS
For  the  nine  months ended October 31, 1999, the Net Loss was ($2,947,600), up
($1,688,779) (134.2%) from ($1,258,821) during the nine months ended October 31,
1998.   This  increase  is  a  result  of  significantly  increased  General and
Administrative  Expenses,  as  well  as  significantly  increased  Research  and
Development  Expense,  as  described  above.

WEIGHTED  AVERAGE  COMMON  SHARES  OUTSTANDING  -  BASIC
For  the  nine months ended October 31, 1999, the  Basic Weighted Average Common
Shares Outstanding were 13,296,009, up 2,580,170 (24.1%) from 10,715,839 for the
nine  months  ended October 31, 1998.  This increase resulted primarily from the
issuance of 2,095,787 shares upon conversion of all remaining convertible notes,
the  issuance of 636,100 shares upon exercise of stock options,  as  well as the
issuance  of  shares  in return for  cash  invested in the Company.  The  shares
issued upon conversion of the remaining  convertible  notes  were  issued at the
end  of  the  period  used  for  averaging  purposes,  and  therefore  had  a
proportionately  smaller  impact  on  the  average.

NET  LOSS  PER  COMMON  SHARE  -  BASIC
The  Basic  Net Loss Per Common Share for the nine months ended October 31, 1999
was  ($0.22)  per share, up ($0.10) per share (83.3%) from a loss of ($0.12) per
share  for  the nine months ended October 31, 1998.   This increase reflects the
$1,688,779  increase  in  the  Net Loss, partially offset by the 2,580,170 share
increase  in  basic  weighted  average  outstanding  common  shares.

MANAGEMENT'S DISCUSSION  AND ANALYSIS  OF  RESULTS  OF  OPEATIONS - THREE MONTHS
ENDED OCTOBER 31,  1999, COMPARED TO THE  THREE  MONTHS ENDED OCTOBER  31, 1998:

REVENUE
For  the  three  months  ended October 31, 1999, Revenue was $2,230, down $8,825
(79.8%)  from  $11,055  during  the  three  months ended October 31, 1998.  This
decrease  results  from the Company's decision, early in the 1999 fiscal period,
to  discontinue the annual subscription program relative to its previous version
of Virtual Source Network. It also reflects the fact that neither Virtual Source
Publisher,  nor  the  new  Internet  version of Virtual Source Network, have yet
begun  to  generate  revenue  for  the  Company.

GENERAL  AND  ADMINISTRATIVE  EXPENSES
For the three months ended October 31, 1999, General and Administrative Expenses
were $226,745,  up  $84,548  (59.5%) from $142,197 during the three months ended
October  31,  1998.   This  increase was caused primarily by increased executive
staff,  as  well  as  higher  interest  expense.

RESEARCH  AND  DEVELOPMENT
For  the three months ended October 31, 1999, Research and Development  Expenses
were  $1,034,021,  up  $757,994  (274.6%) from $276,027 during the three  months
ended  October  31,  1998.   This  increase  was  caused  primarily  by


                                        6
<PAGE>
significant  increase  in  development  effort  associated  with  the  Company's
Internet  version  of Virtual Source Network.  These costs included heavy use of
independent  contractors,  as  well  as  the  addition  of highly paid technical
employees  in  its  Seattle  office.   The  Company  does  no work that would be
considered  pure  research,  or  basic  research.

NET  LOSS
For  the  three months ended October 31, 1999, the Net Loss was ($1,258,536), up
($851,367)  (209.1%)  from  ($407,169) during the three months ended October 31,
1998.   This  increase is primarily a result of significantly increased Research
and  Development  Expense  during  the  1999  period.


WEIGHTED  AVERAGE  COMMON  SHARES  OUTSTANDING  -  BASIC
For  the three months ended October 31, 1999, the  Basic Weighted Average Common
Shares Outstanding were 14,339,164, up 3,598,857 (33.5%) from 10,740,307 for the
three  months ended October 31, 1998.  This increase resulted primarily from the
issuance of 2,095,787 shares upon conversion of all remaining convertible demand
notes,  the  issuance  of 636,100 shares upon exercise of stock options, and the
issuance of shares in return for cash invested in the Company (737,493 shares in
the  first  quarter  of  fiscal 2000, and 395,156 shares in the third quarter of
fiscal  2000).

NET  LOSS  PER  COMMON  SHARE  -  BASIC
The  Basic Net Loss Per Common Share for the three months ended October 31, 1999
was  ($0.09)  per  share, up ($0.05) per share (125%) from a loss of ($0.04) per
share  for the three months ended October 31, 1998.   This increase reflects the
$851,367  increase  in  the  Net  Loss,  partially offset by the 3,598,867 share
increase  in  basic  weighted average outstanding common shares for the  period.

MANAGEMENT'S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION - AT OCTOBER 31, 1999,
COMPARED  TO  JANUARY  31,  1999:

CASH
On  October  31, 1999 Cash totaled $158,030, up $98,093 (163.7%) from $59,937 at
January 31, 1999.   This increase reflects $1,749,942 proceeds of sale of common
shares  in  private  transactions during the nine months ended October 31, 1999,
less the funds used for operations during that period. A total of  $560,201  was
received  from  the  sale  of  common  shares  during  the quarter ended October
31, 1999.

ACCOUNTS  RECEIVABLE
On  October  31,  1999  Accounts  Receivable  were zero, down $3,590 (100%) from
$3,590  at  January  31,  1999.   This  decline reflects the Company's decision,
early  in  fiscal 1999, to discontinue marketing the previous version of Virtual
Source  Network  while  the  new  Internet  version  was in development.   As of
October  31, 1999, neither Virtual Source Publisher, nor the Internet version of
Virtual  Source  Network,  has  begun  to  generate  new  accounts  receivable.

TOTAL  CURRENT  ASSETS
On  October  31, 1999 Total Current Assets totaled $158,030, up $94,503 (148.8%)
from  $63,527  at  January  31,  1999.   This  increase  primarily  reflects the
increase  in  Cash  described  above.

FURNITURE  AND  FIXTURES
On  October  31,  1999  Furniture  and  Fixtures  totaled  $215,676, up $151,088
(233.9%)  from  $64,588  at January 31, 1999.   This increase primarily reflects
the  addition of equipment and furniture needed for the new office facilities in
Seattle,  Washington.

SOFTWARE
On  October  31,  1999 Software totaled $8,899, unchanged from January 31, 1999.

ACCUMULATED  DEPRECIATION
On  October  31,  1999,  Accumulated  Depreciation  totaled  $75,713, up $24,793
(48.7%)  from $50,920 at January 31, 1999.   This increase reflects the addition
of  normal  depreciation  expense  for  the  nine months ended October 31, 1999.

PROPERTY  AND  EQUIPMENT,  NET
On  October  31, 1999, Property and Equipment, Net totaled $148,862, up $126,295
(559.6%) from $22,567 at January 31, 1999.   This increase reflects the addition
of  $151,088  to  Furniture  and  Fixtures, as described above, less the $24,793
increase  in  Accumulated  Depreciation  during  the  same  period.

PREPAID  RENT
On  October  31,  1999,  Prepaid  Rent totaled $3,750, down $33,750 (90.0%) from
$37,500 at January 31, 1999.   This decrease reflects nine months utilization of


                                        7
<PAGE>
free rent obtained by the Company, relative to  its  Ventura, California office,
as part of its earlier settlement with its landlord.  The rental value of $3,750
per  month,  was  accounted  for  as prepaid rent following the settlement.  The
Company  has extended its current lease, and will begin to pay rent, in cash, at
the  rate  of  $3,750  per  month.

EMPLOYEE  RECEIVABLES
On  October  31, 1999, Employee Receivables totaled $120,861, up $52,834 (77.7%)
from  $68,027 at January 31, 1999.   This increase results from expense advances
to  employees  who  travel  extensively  on  behalf of the Company.   Travel has
increased  significantly  in  conjunction with the Company's increased marketing
efforts.

INTANGIBLE  ASSETS,  NET  OF  ACCUMULATED  AMORTIZATION
On October 31, 1999, Intangible Assets, Net were $626,235, down $296,640 (32.1%)
from $922,875 at January 31, 1999.   This decrease results from the amortization
expense  of  $296,640  recorded  during  the nine months ended October 31, 1999.
Substantially  all  of  the  Intangible  Asset  value  relates  to the excess of
consideration  paid,  over the book value of assets acquired, in the acquisition
of  Wpg.Net,  Inc.  in  June  of  1998.

OTHER  ASSETS
On  October 31, 1999, Other Assets were $1,100, down $657 (37.4%) from $1,757 at
January  31,  1999.    This  change  was  not  material  to  the  Company.

TOTAL  ASSETS
On  October  31,  1999,  Total  Assets were $1,058,838, down $57,415 (5.1%) from
$1,116,253  at  January  31,  1999.    This  change  was  primarily  a result of
increased  cash ($98,093), and increased Property and Equipment, Net ($126,295),
which  was  more  than  offset  by  reduced  Intangible  Assets, Net ($296,640).

ACCOUNTS  PAYABLE
On  October  31, 1999, Accounts Payable were $300,175, up $250,953 (509.8%) from
$49,222  at  January  31, 1999.    This change was a result of increased amounts
due  independent  contractors involved in development of the Internet version of
Virtual Source Network, as well as amounts due International  Business  Machines
(IBM) relative  to  their  work  on  the  Virtual  Source  Network user training
program.

ACCRUED  LIABILITIES
On  October  31,  1999,  Accrued Liabilities were $50,751, down  $27,034 (34.8%)
from  $77,785  at  January  31,  1999.    This reduction resulted primarily from
conversion  of  the  Company's Convertible Notes Payable, and elimination of the
associated  interest  expense  accrual.

CONVERTIBLE  NOTES  PAYABLE  -  RELATED  PARTIES
On  October  31, 1999, Convertible Notes Payable were zero, down $857,200 (100%)
from  $857,200  at  January 31, 1999.  These notes were converted into 2,095,787
shares  of  the  Company's  common  stock.

TOTAL  CURRENT  LIABILITIES
On  October  31,  1999 Total Current Liabilities totaled $350,926, down $633,281
(64.3%)  from  $984,207  at  January  31,  1999.   This  reduction  reflects the
conversion  of  Convertible  Notes  Payable  ($857,200), partially offset by the
increase  in  Accounts  Payable  ($250,953)  described  above.

DEFERRED  REVENUE
On October 31, 1999 Deferred Revenue was zero, down $3,250 (100%) from $3,250 at
January  31,  1999.   This  decline  represents previously deferred subscription
revenue,  which  was  recognized  as  revenue  during the period.  Further, as a
result   of  the  Company's  decision  to  discontinue  marketing  its  business
applications  on  a  subscription  basis,  no new deferred revenue was generated
during  the  period.

TOTAL  LIABILITIES
On  October 31, 1999 Total Liabilities were $350,926, down $636,531 (64.5%) from
$987,457 at January 31, 1999.   This reduction reflects primarily the conversion
of  Convertible  Notes  Payable  ($857,200), partially offset by the increase in
Accounts  Payable  ($250,953)  described  above.

COMMON  STOCK,  $0.01  PAR  VALUE
On  October  31,  1999  Common  Stock  totaled $155,538, up $41,524 (36.4%) from
$114,014 at January 31, 1999.   This increase reflects the issuance of 4,152,354
new  common  shares during the period, of which 2,095,787 were issued to holders
of the Convertible Notes  Payable,  636,100 shares   were  issued  upon exercise
of  stock  options  May  15,  1999,  and  substantially all of  the  remaining
shares  were  issued  in  return  for  cash invested  in  the  Company.


                                        8
<PAGE>
ADDITIONAL  PAID-IN-CAPITAL
On  October  31, 1999, Paid-In-Capital totaled $7,960,382, up $3,663,399 (85.3%)
from  $4,296,392  at  January  31,  1999.   This increase reflects the value (in
excess  of  par)  of the new common shares during the period, of which 2,095,787
were  issued  to  holders  of the Convertible Notes Payable, 636,100 shares were
issued  upon  exercise  of  stock  options,  with the remaining shares primarily
having  been  issued  in  return  for  cash  invested  in  the  Company.

ACCUMULATED  DEFICIT
On  October  31, 1999, the Accumulated Deficit was ($7,229,210), up ($2,947,600)
(68.8%)  from ($4,281,610) at January 31, 1999.    This change resulted from the
Net  Loss  of  ($2,947,600)  during  the  nine  months  ended  October 31, 1999.

NOTES  RECEIVABLE  -  RELATED  PARTIES
On  October  31,  1999, Notes Receivable - Related Parties  totaled $178,798, up
$178,798  (100%)  from zero  at  January 31, 1999.    These notes are receivable
from  officers  who  exercised  stock options during the period.   The Company's
stock  option  program provides several alternative methods of paying for shares
acquired through  exercise of stock options, and one of those alternatives is to
provide  a  demand  note  payable to the Company, in the amount of the purchase.

TOTAL  STOCKHOLDERS'  EQUITY
On  October  31,  1999,  Total  Stockholders'  Equity  was $707,912, up $579,116
(449.6%)  from  $128,796  at January 31, 1999.    This change resulted primarily
from  the  increases  in Common Stock and Paid-In Capital ($3,704,923 combined),
offset  by the Net Loss of ($2,947,600) during the nine months ended October 31,
1999.

LIQUIDITY  AND  CAPITAL RESOURCES
The Company has no revenue at this time, other than  small  amounts  of interest
income, and certain non-recurring items.  While the  Company expects to generate
revenue in the future, it is currently entirely dependent on investor  funds. At
October  31, 1999, the Company had cash balances totaling $158,030, primarily as
a  result  of  its  private  placement  of  common stock in April 1999 and other
private  investments  made  through  October  31, 1999. Between July 1, 1999 and
October 31, 1999 $1,749,942 was raised through  the sale of common stock, net of
cost  approximating  $10,000.  In  addition,  in  November  1999,  an additional
$550,000  has  been  raised  as the result of common stock and convertible notes
issued  to  six  individuals  in private transactions.  Management expects those
funds to last  through  February  2000.  The  Company  has  prepared  a  private
placement  memorandum offering  up to 2 million shares of common stock at  $2.50
per share in order to raise up  to  $5 million. The private placement memorandum
was issued on December 1, 1999. The Company is having conversations with several
funding  sources  and several firm commitments have been made.  There  can be no
assurances  that  the offering  will be fully funded,  but  current  indications
are that the full  $5 million will be raised.  The Company is  also  considering
increasing  the  size  of  the  offering  to  $6,000,000  or  more.

The  Consolidated Statements of Cash Flows for the nine months ended October 31,
1999,  and  nine  months  ended  October  31,  1998,  show  that net losses were
($2,947,600)  and  ($1,258,821),  respectively, with the issuance  of  stock for
cash  ($1,749,942, net  of  costs  approximating  $10,000)  and  notes  for cash
($29,700) in the nine months ended  October  31, 1999, partially offsetting  the
cash  requirement.   A  non-cash  accounting  entry  of  $324,093  offsetting  a
similar  entry  for  compensation expense,  required  by  Statement of Financial
Accounting  Standards  #123, Accounting for  Stock-Based Compensation, as issued
by the  Financial  Accounting Standards  Board,  is  shown  as  an  increase  in
Paid-in-Capital.   This   did  not  offset  any  cash  requirement  directly  or
indirectly,  and  there  was  no  such  cash  or  other  consideration  paid  as
compensation in  the period.  These entries  in  compliance  with  Statement  of
Financial Accounting Standards #123 had no impact on cash flows for any  period.

RESEARCH AND DEVELOPMENT FOR THE FISCAL YEAR ENDED JANUARY 31, 2000
During the fiscal year ended January 31, 2000, it is expected that approximately
$3,000,000 will be spent on product development.  The Company does not expect to
expend  any  resources in basic  research.  Additional work  is  being  done  to
enhance the  present  system.  Enhancements  will make the system more flexible,
and allow  additional options for the user to modify portions of the  system  to
better  meet  the  unique  needs  of  each  particular  user's  business.  Other
enhancements  will  add new  capabilities  to  the  system  in  the  future.  No
assurance  can be  given  that  the Company will have the resources necessary to
conduct  this  product  development.

IMPACT OF Y2K

GENERAL DESCRIPTION OF THE Y2K ISSUE

The Y2K issue is the result of computer  hardware  and software  language  which
utilizes two digits rather than four digits to define the applicable  year. As a
result,  some  of  the  Company's  software  and  hardware  may have software or
embedded  chips  which  fail to  distinguish  between  1900  and  2000 or do not
recognize  the  year  at  all.  This  could  disrupt  the  Company's operations,
including  a temporary  inability  to process  transactions  or engage in normal
business  activities.  Failure of customer and supplier  computer  systems could
impact  revenues and deliveries of key supplies or services.  The Company cannot
predict  with  certainty  the  nature  or  likelihood  of  such  impacts.


                                        9
<PAGE>
STATE OF READINESS

Management  believes that all of the Company's internally used computers are Y2K
compliant  and does not  anticipate  that it will  experience a material adverse
impact to its operations,  liquidity or financial  condition  related to systems
under  its  control.  Virtual  Source Network and Virtual Source  Publisher were
developed  to  be  Y2K  compliant,  and do not  represent  a risk for users. The
Company's  servers  are  housed in a facility  especially  designed for mission-
critical  computers, and the  managers of that facility have assured the Company
that all  systems  and  services under the control of the facility  managers are
Y2K  compliant.  Each of  the Company's  business partners, including Analytics,
PricewaterhouseCoopers, and IBM, are Y2K compliant. The Company and its business
partners  use  Microsoft  software that is Y2K compliant.  The Company cannot be
sure  that  all  outside organizations, beyond its control, which may impact the
Company's  operations,  will  be Y2K compliant by December 31, 1999.  If outside
organizations beyond the control of the Company are not compliant on time, or if
the  Company  or  its  business partners or clients experience unanticipated Y2K
problems  of  their  own,  the  Y2K  issue  could have a material  impact on the
operations  of  the  Company.  The  material  impact  could include delay of the
receipt  of  revenue  by  the  Company  and  increase  the  need  for additional
financing. There can be no assurance that the Company's efforts will be adequate
to  address  unanticipated  Y2K  problems.  Failure  to  adequately  address Y2K
problems   may   have   materially   adverse   consequences   for  the  Company.

WORST CASE SCENARIO

The  worst  case  scenario  for  the  Company  would be the shutting down of the
Internet.  Neither  Virtual Source Network nor Virtual  Source  Publisher  could
operate and communications  for the Company would be severely  disrupted.  Under
these  circumstances, the Company would have no financially feasible alternative
to resume its  operations  but  to  wait  for  the  Internet  to function again.


PART II - OTHER INFORMATION

Item  2.  RECENT  SALES  OF  UNREGISTERED  SECURITIES

During  the  period  July  1, 1999  through  November 30, 1999, the Company sold
837,884   shares  of  restricted  common  stock,  and  received  $1,310,201.  No
underwriters were used  and no commissions  were  paid.  The sales were  private
placements  and, in the  opinion  of  counsel, exempt  from  registration  under
Section 4(2) of the Securities Exchange Act of 1934.  The transactions  did  not
involve a public  offering.  There were twelve offerees and ten purchasers, each
of whom were  accredited  investors,  familiar  with  the  Company  and four  of
whom are existing shareholders.  The investors represented  their  intention  to
acquire the shares  for  investment  purposes  only,  and  not  with  a  view to
resale   or  distribution,   and  appropriate  stop  transfer  instructions  and
restrictive legends  indicating  the  transfer  restrictions were placed on each
stock   certificate  when  issued.  Each  individual  had  ample  access  to the
kind of information  from  the  Company  that  a  registration  statement  would
include.

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

On November 18, 1999, pursuant to a majority written consent of the shareholders
of  the  Company,  the  shareholders  approved  an  amendment to the Articles of
Incorporation  of  the Company in order to change the Company's name to Vsource,
Inc.  from  Interactive  Buyers  Network  International,  Ltd.  7,169,459 shares
(55.9% of those eligible to vote) voted in favor  of the amendment.  The  change
was approved prior to the effective date of the Company's registration statement
on Form 10-SB on November 22, 1999. No  proxies were required, nor solicited, in
connection with the vote.  No votes were withheld nor cast against the proposal.


                                       10
<PAGE>
                                   SIGNATURES

          In  accordance with the requirements of the Securities Exchange Act of
1934,  the registrant has caused this report to be signed  on its behalf by  the
undersigned,  thereunto  duly  authorized.


VSOURCE, INC.

Date:  January 5, 2000


By:  /s/  Robert  C.  McShirley
-----------------------------------------------
Robert  C.  McShirley
President and Chief Executive Officer



By:  /s/  Samuel E. Bradt
-----------------------------------------------
Samuel E. Bradt
Chief Financial Officer


                                       11
<PAGE>
INDEX  TO  EXHIBITS

          The  Exhibits  listed  below  are  filed  as part of this Report on
Form 10-QSB.

Exhibit
  No.           Document
-------  ---------------------------------------------
2.1*     Articles  of  Incorporation
2.2*     Bylaws
2.3      Certificate of Amendment to the Articles of Incorporation
3.1*     Specimen  Stock  Certificate
3.2*     Specimen Convertible Demand Note Series 3
3.3*     Specimen Convertible Demand Note Series 2
3.4*     Specimen Convertible Demand Note
10.1*    Stock  Purchase  and  Exchange  Agreement
10.2*    Option  to  Purchase  Common  Stock
27.1     Financial Data Schedule (for SEC use only).

*  Previously  filed.


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