SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


                  Quarterly Report under Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


For Quarter Ended                                      Commission File Number
January 31, 2000                                             000-29217


                            J.S.J. CAPITAL III, INC.
                 ---------------------------------------------
                           (Prior name of registrant)

                               ACCESSPOINT CORP.
                        -------------------------------
                 (New name of Registrant as of April 12, 2000)

                  Nevada                             84-1522581
         ------------------------                    --------------------
         (State of incorporation)                    (I.R.S. Employer
                                                     Identification No.)


                1529 Spruce Street, Suite 10, Boulder, CO 80302
             ------------------------------------------------------
           (Former address of principal executive offices) (Zip Code)

                 38 Executive Park, Suite 350, Irvine, CA 92614
         -------------------------------------------------------------
  (New address of principal executive offices as of April 12, 2000) (Zip Code)

Registrant's telephone number, including area code: (949) 852-8526


Indicate by check mark whether the registrant (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 the  filing
requirements for at least the past 90 days.

                            Yes   X      No
                                -----        -----

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                  672,000 common shares as of Januaury 31, 2000


<PAGE>



Part I:  FINANCIAL INFORMATION

<TABLE>
<CAPTION>

                                                    J.S.J. CAPITAL III, INC.
                                                   (A Development Stage Company)
                                                            (Unaudited)

                                                   BALANCE SHEETS (Stated in US
                                                 Dollars) (Unaudited--See Note 1)


                                                      ASSETS
                                                                       January 31,               October 31,
                                                                       2000                      1999

                                                                              <S>                            <C>
Current
 Cash                                                                            $3,301                        30
                                                               ------------------------ ------------------------------
                                                                                     $0
                                                               ======================== ==============================
Total Assets                                                                      3,301

                                                      LIABILITIES

Current
  Accounts payable and stockholder loan                                           7,650                        -
                                                               ------------------------ ------------------------------
Total Liabilities                                                                 7,650
                                                               ======================== ==============================

                                                 STOCKHOLDERS' EQUITY

Preferred stock, no par value,
5,000,000 shares authorized, none
issued

Common stock, no par value
50,000,000 shares authorized;
672,000 issued & outstanding                                                         67                       67
Additional Paid-in Capital                                                          233                      233
Deficit accumulated during the                                                  (4,621)                     (270)
development stage
                                                               ------------------------ ------------------------------
Total Stockholders' Equity (Deficit)                                            (4,621)                       30
                                                               ------------------------ ------------------------------
Total Liabilities and Stockholders' Equity                                    $ (4,349)                       30
                                                               ======================== ==============================
</TABLE>



                                              SEE ACCOMPANYING NOTES
                                                        F-1


<PAGE>

<TABLE>
<CAPTION>


                                            J.S.J. CAPITAL III, INC.
                                           (A Development Stage Company)

                                              STATEMENT OF OPERATIONS
                                for the three month period ended January 31, 2000
                                              (Stated in US Dollars)
                                             (Unaudited - See Note 1)


                                                                                                  Cumulative
                                                               Three months ending              from October 6,
                                                                   January 31                        1999
                                                                     -------                     (Inception) to
                                                                2000        1999                January 31, 2000
                                                                ----        ----                -----------------

<S>                                                     <C>                         <C>         <C>
Revenue (from interest)                                      30                                     30

Expenses
 General & Admin   Expenses                                4281                                  4,681
 Interest, related party                                    100                     -                -
                                                 -------------------- ---------------------     -------
Loss                                                      (4351)                    -            4,681
                                                 -------------------- ---------------------     -------
Net income (loss) for the
period                                                    (4351)                    -           (4,621)
                                                 ==================== =====================     =======
Net income per share                                        (.0)                    -                -
                                                 ==================== =====================     =======
Weighted average number of
common shares outstanding                               672,000                     0
                                                 ==================== =====================

</TABLE>

                                              SEE ACCOMPANYING NOTES
                                                        F-2


<PAGE>
<TABLE>
<CAPTION>



                            J.S.J. CAPITAL III, INC.
                          (A Development Stage Company)
                             STATEMENT OF CASH FLOWS
                   for the three months ended January 31, 2000
                             (Stated in US Dollars)
                            (Unaudited - See Note 1)

                                                                           Cumulative
                                                                        from October 6,
                                                                             1999
                                                                          Inception to
                                          January 31, 2000              January 31, 2000
                                         -------------------            ----------------
<S>                                                 <C>                 <C>
Cash flow to operating activities:
Net gain (loss)                                     ($4,351)            ($4,621)
Adjustments to reconcile net
loss to net cash used in
operations
Accounts payable                                          0                   0
Management fees                                           0                   0
Amortization                                              -                   -
Changes in non-cash items:
Accounts payable                                      7,650                   -
                                         -------------------            --------
Net cash used in operating
activities                                            7,500              (4,621)
                                         -------------------            --------
Cash flows to investing
activities                                            7,500                 300
Organization costs
Shareholder's Loan                                                        7,500
                                         -------------------            --------
Net cash used in investing
activities:                                               -               7,800
                                         -------------------            --------
Cash flows from financing
activities:
Proceeds from issuance of
common stock                                              -                   -
                                         -------------------            --------
Net cash provided by
financing activities                                      -                   -
                                         -------------------            --------
Net increase in cash                                      0               3,000
Cash, beginning of period                                 0                   0
                                         -------------------            --------
Cash, end of period                                  $3,301              $3,000
                                         ===================            ========

</TABLE>


                             SEE ACCOMPANYING NOTES
                                       F-3

<PAGE>

<TABLE>
<CAPTION>


                                                             J.S.J. CAPITAL III INC.
                                                          (A Development Stage Company)
                                                  STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
                                                 FOR THE PERIOD FROM OCTOBER 6, 1999 (INCEPTION)
                                                               TO JANUARY 31, 2000

                                                                                                   (Deficit)
                                                                                                  Accumulated
                                                                                Additional         During the
                                                 Common Stock                    Paid-In          Development
                                           --------------------------
                                           Shares              Amount             Capital             Stage               Total
                                           ------              ------           ----------        -----------      -----------------
<S>                                           <C>        <C>                <C>                <C>                 <C>
Balances, October 6, 1999                      -         $         -        $         -        $         -         $         -
   Issuance of stock on October 10,
1999 for $.00045 per share                    672,000                  67                233             -                      300
   Net (loss) October 31, 1999                 -                   -                  -                    (270)               (270)
                                     ----------------    ----------------   ----------------   ----------------    ----------------

Net loss for January 31, 2000                  -                   -                  -                  (4,341)
                                     ----------------    ----------------   ----------------   ----------------    ----------------
Balances, January 31, 2000                    672,000    $             67   $            233   $         (4,621)   $         (4,351)
                                     ================    ================   ================   ================    ================


</TABLE>

                             SEE ACCOMPANYING NOTES
                                       F-4

<PAGE>


                             J.S.J. CAPITAL III INC.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

History

J.S.J.  Capital  III Inc.  (the  Company),  a  development  stage  company,  was
organized  under the laws of the State of Nevada on October 6, 1999. The Company
is in the development stage as defined in Financial  Accounting  Standards Board
Statement No. 7. The fiscal year end is October 31.

Going Concern

The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of  liabilities  in  the  normal  course  of  business.  The  Company  is in the
development stage and has not earned any revenues from operations to date.

The Company is currently devoting its efforts to locating merger candidates. The
Company's  ability to continue as a going concern is dependent  upon its ability
to develop  additional  sources of  capital,  locate and  complete a merger with
another company, and ultimately, achieve profitable operations. The accompanying
financial  statements do not include any adjustments  that might result from the
outcome of these uncertainties.

Income Taxes

The Company uses the liability method of accounting for income taxes pursuant to
Statement of Financial Accounting Standards No. 109. Under this method, deferred
income  taxes are  recorded to reflect the tax  consequences  in future years of
temporary  differences  between the tax basis of the assets and  liabilities and
their financial amounts at year end.

For federal  income tax  purposes,  substantially  all expenses must be deferred
until the  Company  commences  business  and then they may be written off over a
60-month  period.  Therefore,  $270 of net losses  incurred  in the period  from
October 6, 1999  (inception)  to October 31, 1999 have not been deducted for tax
purposes  and  represent  a deferred  tax asset.  The  Company  is  providing  a
valuation  allowance in the full amount of the deferred tax asset since there is
no assurance of future  taxable  income.  Tax  deductible  losses can be carried
forward for 20 years until utilized.

Earnings (Loss) Per Common Share

During 1997 the Financial  Accounting  Standard Board (FASB) issued Statement of
Financial  Accounting  Standards No. 128,  "Earnings per Share" (SFAS 128). SFAS
128 replaced the  calculation  of primary and fully  diluted  earnings per share
with basic and diluted  earnings  per share.  Basic  earnings  (loss) per common
share is  computed  based  upon the  weighted  average  number of common  shares
outstanding  during the  period.  Diluted  earnings  per share  consists  of the
weighted  average number of common shares  outstanding plus the dilutive effects
of options and warrants  calculated  using the treasury  stock  method.  In loss
periods,  dilutive common  equivalent shares are excluded as the effect would be
anti-dilutive.


                                      F-5

<PAGE>



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Use of Estimates in the Preparation of Financial Statements

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

NOTE 2 - STOCKHOLDERS' EQUITY

During  October 1999,  the Company  issued for cash 672,000 shares of its $.0001
par value common stock to its officers and directors at $.00045 per share.


                                      F-6


<PAGE>



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

RESULTS OF OPERATIONS FOR THREE MONTH PERIOD ENDED JANUARY 31, 2000

The Company was incorporated October 6, 1999.

The Company  experienced  expenses for the three month period ended  January 31,
2000. The Company had no revenues except interest of $30 for the period in 2000.
The  Company  recorded  a loss for the  period of  ($4,351)  which was less than
($.01) per share. The Company will probably  continue to experience losses until
income can be achieved through business  operations.  While the Company may seek
capital sources for investment; there is no assurance that such can be found.

Losses will  probably  occur until  business  revenues  can be achieved of which
there is no assurance.

LIQUIDITY AND CAPITAL RESOURCES

The  Company  had cash  capital  at the end of the  period of  $3,301,  which is
insufficient for any operations.  The Company will be forced to either borrow or
make  private  placements  of stock in order to fund  operations.  No  assurance
exists as to the ability to achieve loans or make private placements of stock.

<PAGE>

                           PART II - OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS

                  None

ITEM 2.           CHANGES IN SECURITIES

                  None

ITEM 3.           DEFAULT UPON SENIOR SECURITIES

                  None

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

                  None

ITEM 5.           OTHER INFORMATION

                  None

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

          No reports on Form 8-K were made for the period for which this  report
is filed.



<PAGE>


                                   SIGNATURES

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

Date: September 15, 2000


                                     ACCESSPOINT CORP. formerly
                                     J.S.J. CAPITAL III, INC.


                                     /s/ Tom Djokovich
                                     -------------------------------------------
                                     Tom Djokovich, CEO