UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[ X ]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2000

[     ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
         EXCHANGE ACT OF 1934 for the Transition period from         to
                         Commission file number: 0-17874

                              NetHoldings.Com, Inc.
                            (Formerly Xplorer, S.A.)
             (Exact name of registrant as specified in its charter)

                                     Nevada
         (State or other jurisdiction of incorporation or organization)

                                   88-0199674
                     (I.R.S. Employer Identification Number)

                            2929 S. Maryland Parkway
                             Las Vegas, Nevada 89109
                    (Address of principal executive offices)

                                 (702) 699-5400
                           (Issuer's telephone number)

Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]

As of November 15, 2000, NetHoldings.Com had 605,420 shares of Common Stock
Outstanding.

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


<PAGE>



                              NetHoldings.Com, Inc.
                            (Formerly Xplorer, S.A.)
                                      INDEX

                                                                            Page

                                     PART I


Item 1.  Financial Statements

         Consolidated Condensed Balance Sheet
           as of September 30, 2000 (unaudited)..............................  1

         Consolidated Condensed Statements of Operations
           for the Three and Nine Months Ended September 30, 2000 and 1999
           (unaudited).......................................................  2

         Consolidated Condensed Statements of Cash Flows for the Six Months
           Ended September 30, 2000 and 1999 (unaudited).....................  3

         Notes to Consolidated Condensed Financial Statements................  4

Item 2.  Management's Discussion and Analysis of Financial Condition and Results
           of Operations.......................................................6

                                     PART II

Item 1.  Legal Proceedings...................................................  7

Item 2.  Changes In Securities...............................................  7

Item 3.  Defaults Upon Senior Securities.....................................  7

Item 4.  Submission Of Matters To A Vote Of Security Holders.................  7

Item 5.  Other Information...................................................  7

Item 6.  Exhibits And Reports On Form 8-K....................................  8

         Signatures..........................................................  9



                                        I
<PAGE>



                              NetHoldings.Com, Inc.
                            (Formerly Xplorer, S.A.)
                        (A Development Stage Enterprise)
                           CONSOLIDATED BALANCE SHEET
                               September 30, 2000

<TABLE>
<S>                                                          <C>

ASSETS
Current Assets
  Cash and cash equivalents                                  $        96
  Receivables                                                      3,275
      Total Current Assets                                         3,371


TOTAL ASSETS                                                 $     3,371


LIABILITIES AND SHAREHOLDERS' DEFICIT
Current Liabilities
   Accrued expensed                                          $   540,609
       Total Current Liabilities                                 540,609

Shareholders' Deficit
   Preferred stock, par value $.001; authorized 25,000,000
     shares; -0- shares outstanding
   Common stock, par value $.001; authorized 75,000,000
     shares; 590,025 issued and outstanding                          590
   Additional paid in capital                                  1,273,685
   Accumulated deficit during development stage               (1,818,255)
       Total Shareholders' Deficit                              (543,980)

TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT                  $     3,371
</TABLE>













   The accompanying notes are an integral part of these financial statements.


                                       -1-

<PAGE>

                              NetHoldings.Com, Inc.
                            (Formerly Xplorer, S.A.)
                            Statements of Operations
                       For the Three and Nine Months Ended
                     September 30, 2000 and 1999(Unaudited)

<TABLE>
<CAPTION>


                                  For the Three Months    For the Nine Months
                                          Ended,                Ended,
                                       September 30,           September 30,
                                     2000        1999        2000        1999
                                 (Unaudited) (Unaudited) (Unaudited) (Unaudited)
<S>                                <C>        <C>         <C>         <C>
Revenues
     Other income                  $    --    $     --    $      --   $      --
          Total revenue                 --          --           --          --
Costs and expenses:
    General and administrative       31,843    319,025      428,510     355,217
          Total expenses             31,843    319,025      428,510     355,217
Net income (loss)                   (31,843)  (319,025)    (428,510)   (355,217)

Net income (loss) per common share $   (.05)  $  (1.27)   $    (.83)  $   (1.41)
Weighted average common
 shares outstanding                 590,023    251,080      517,979     251,080

</TABLE>

















   The accompanying notes are an integral part of these financial statements.


                                       -2-
<PAGE>

                              NetHoldings.Com, Inc.
                            (Formerly Xplorer, S.A.)
                        (A Development Stage Enterprise)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
              FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 AND 1999

<TABLE>
<CAPTION>

                                                         Nine Months Ended
                                                    September 30,  September 30,
                                                       2000            1999
<S>                                                 <C>            <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Income (Loss)                                 $   (428,510)  $   (355,217)
  Adjustments to Reconcile Net Income (loss) to
    to net cash used by operating activities:
    Shares issued to employees and consultants for
      services rendered                                   353,667            --
    Increase in accrued expenses                           74,939       351,325
  Net Cash Provided (Used) by Operating Activities             96        (1,394)

NET INCREASE (DECREASE IN CASH)                                96        (3,892)
  Cash, at Beginning of Period                                 --         3,892
  Cash, at End of Period                            $          96    $       --

SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION:

NON-CASH INVESTING AND FINANCING
ACTIVITIES:
  Fair value of common stock issued to
    employees and consultants                       $     353,667    $       --


</TABLE>










   The accompanying notes are an integral part of these financial statements.


                                       -3-
<PAGE>

                              NetHoldings.Com, Inc.
                            (Formerly Xplorer, S. A.)
                        (A Development Stage Enterprise)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   Nine Month Period Ended September 30, 2000



NOTE 1 -      ORGANIZATION AND PRESENTATION

Organization

     NetHoldings.Com, Inc. (the Company), (successor to Gerant Industries, Inc.)
was  organized  by adoption of amended and  restated  Articles of  Incorporation
dated July 5, 1996,  which were filed with the office of the  Secretary of State
of Nevada on August 15,  1996.  In 1999,  the Company  amended  its  articles of
incorporation changing its name from Xplorer, S.A. to NetHoldings.Com, Inc.

     Gerant Industries,  Inc. (Gerant) filed a petition for reorganization under
Chapter 11 of the United  States  Bankruptcy  Court (the  Court) for the Central
District of California on March 1, 1994. On July 24, 1996,  the Court  confirmed
Gerant's Third Amended Plan of Reorganization  (the Plan). The Plan approved the
amendment of the  Articles of  Incorporation  and  By-laws,  change of corporate
name,  authorization of common and preferred shares of stock,  payment of claims
and issuance of stock by the successors to this  debtor-in-possession,  Xplorer,
S.A.

     The Company is a  development  stage  enterprise  and has not  achieved its
intended operations or related revenue as of September 30, 2000.

     Through  September 30, 1999 the Company owned 59% of Atlanta Pacific Trust,
LLC (APT).  APT is the owner of the  Evening  Star Mine and  through its related
company, Atlantic-Pacific Finanzprodukte,  GMBH (APT Germany), secured financing
for its exploration and development activities.  The operations of APT have been
included in the  consolidated  operations of the Company  through  September 30,
1999.

     Effective  September  30,  1999,  the Company  assigned  all its rights and
interest in APT to an unrelated entity in exchange for a fully reserved for note
owned  by that  entity.  The  note  received  although  fully  reserved  for was
collateralized  by marketable  securities  with a market value of  approximately
$450,000.  The Company anticipates  beginning default proceedings on the note to
foreclose on the  collateral.  The note is currently being carried at zero value
in the financial statements.

     The Company's  consolidated financial statements have been presented on the
basis that it is a going  concern,  which  contemplates  the  realization of the
value  underlying its assets and the  satisfaction  of liabilities in the normal
course of business. The Company has incurred losses of $1,818,000, excluding the
operations of its former subsidiary,  Atlantic Pacific Trust, LLC ("APT"),  from
inception to September 30, 2000, and currently has no operations.  These factors
raise  substantial  doubt  about the  Company's  ability to  continue as a going
concern.  Management continues to actively seek additional sources of capital to
fund current and future operations.  There is no assurance that the Company will
be successful in continuing to raise additional capital, or be successful in its
search for profitable  operations or investments.  These consolidated  financial
statements do not include any adjustments  that might result from the outcome of
these uncertainties.



                                       -4-
<PAGE>


NOTE 2 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

     The consolidated  financial  statements include the accounts of the Company
and  through  September  30,  1999 the  accounts  of its 59%  owned  subsidiary,
Atlantic Pacific Trust,  LLC (APT), and APT's related company,  Atlantic-Pacific
Finanzprodukte,  GmbH. In consolidations,  all significant intercompany balances
and transactions are eliminated.

Use of Estimates

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

Office Furniture and Equipment

     Office  furniture  and  equipment  are  recorded at cost.  Depreciation  is
computed by the  straight-line  method based upon the estimated  useful lives of
the respective assets, generally three to five years.

Income (Loss) per Common Stock

     Income  (loss) per share of common stock is computed  based on the weighted
average number of shares  outstanding.  The  historical  loss per share has been
retroactively  adjusted  to give  effect to a one for 2 reverse  stock  split in
September  2000 and a 1 for 40 reverse stock split in December  1999.  Warrants,
options and convertible  debentures have not been included in the calculation as
their effect would be anti-dilutive.

Income Taxes

     The Company  accounts  for income  taxes using the  liability  method which
requires  recognition  of deferred tax  liabilities  and assets for the expected
future tax  consequences  of events  that have been  included  in the  financial
statements or tax returns.  Deferred tax assets and  liabilities  are determined
based on the difference between the financial statements and tax basis of assets
and  liabilities  using  enacted  tax rates in effect  for the year in which the
differences are expected to reverse.

Stock Based Compensation

     In October 1995, the Financial  Accounting Standards Board issued Statement
of  Financial   Accounting   Standards  No.  123,  "Accounting  for  Stock-Based
Compensation,"  (SFAS  123),  which is  effective  for periods  beginning  after
December  15,  1995.   SFAS  123  requires  that  companies   either   recognize
compensation  expense  for  grants of stock,  stock  options,  and other  equity
instruments based on fair value or provide proforma  disclosure of the effect on
net income and earnings per share in the Notes to the Financial Statements.  The
Company  intends to continue to account for its stock-based  compensation  under
Accounting  Principles  Board No. 25;  however,  the  Company  has  adopted  the
disclosure provisions of SFAS 123 for the fiscal year ended December 31, 1999.

     On April 21, 2000,  the Company  issued  353,667  shares of common stock to
employees and consultants for services rendered.  Such shares were registered by
management of the Company with the  Securities  and Exchange  Commission on Form
S-8 registration statement.


                                       -5-
<PAGE>


Cash and Cash Equivalents

     For purposes of reporting  cash flows,  cash and cash  equivalents  include
highly  liquid debt  instruments  purchased  with a maturity of three  months or
less.

Earnings Per Share

     In February 1997, the Financial  Accounting  Standards  Board (FASB) issued
Statement of Financial  Accounting  Standards No. 128 (SFAS 128),  "Earnings Per
Share,"  which  adopted by the Company.  SFAS 128 replaces the  presentation  of
primary earnings per share with a presentation of basic earnings per share based
upon the weighted average number of common shares for the period.

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

     The Company is a development  stage  enterprise  and, as such, is incurring
expenses  related to its  search for new  business  opportunities.  The  Company
continues its efforts  toward  achieving a profitable  operation  and,  although
management is confident of achieving  that goal,  the Company  cannot assure its
shareholders that it will be successful in operating a profitable business.

Going Concern

     The Company's  working capital  resources during the period ended September
30, 2000 were provided  primarily through  increases in accrued  expenses.  As a
result,  the Company is substantially a shell.  Sufficient funds have previously
been made available by related parties for the working capital  requirements not
filled by other sources. Management anticipates this will continue.

     The Company  has  experienced  recurring  net  losses,  has limited  liquid
resources,  and negative  working  capital.  Management's  intent is to continue
searching for additional  sources of capital and the Company intends to continue
operating with minimal  overhead and key  administrative  functions  provided by
consultants who are compensated in the form of the Company's common stock. It is
estimated, based upon its historical operating expenses and current obligations,
that the  Company  may need to  utilize  its common  stock for future  financial
support  to  finance  its  needs  during  2000.  Accordingly,  the  accompanying
financial  statements  have been presented under the assumption the Company will
continue as a going concern.

Results of Operations

For the three  months ended September 30, 2000

     There were no revenue  generating  operations during the three months ended
June 30, 2000 and 1999.

     Total  expenses  were  $31,843 in the current  quarter and  $319,025 in the
comparable  period  last  year.  The  change is due to the  Company  accruing  a
$300,000  fee payable to third  party  advisors  for past and future  consulting
services in the third quarter of 1999.

For the Nine months ended September 30, 2000

     There were no revenue  generating  operations  during the nine months ended
September 30, 2000 and 1999.



                                       -6-
<PAGE>


Total expenses were $428,510 in the current nine months and $355,217 in the
comparable period last year. The primary components were the issuance of 353,667
shares of the company stock to employees and consultants of the Company valued
at $1 per share in fiscal 2000 and the Company accruing a $300,000 fee payable
to third party advisors for past and future consulting services in fiscal 1999.
Because the stock of the company is not actively traded, management valued the
shares issued at one dollar.

Liquidity and Capital Resources

     As of September  30,  2000,  the Company had a working  capital  deficit of
$540,000,  for which the increase  from year end was due entirely to an increase
in accrued expenses.

     The Company had minimal  cash on hand at September  30,  2000.  The limited
cash balance is a direct result of the Company  having no operations  during the
periods.

     The Company's plan is to keep  searching for additional  sources of capital
and new operating  opportunities.  Furthermore,  the Company may have to utilize
its  common  stock for future  financial  support  to  finance  its needs.  Such
conditions raise  substantial doubt about the Company's ability to continue as a
going concern.  As such,  the Company's  independent  accountants  have modified
their report for the  Company's  latest  fiscal year ended  December 31, 1999 to
include an explanatory paragraph with respect to the uncertainty.

     The  Company has no  commitments  for capital  expenditures  or  additional
equity or debt financing and no assurances can be made that its working  capital
needs can be met.

Other Events

     On August 31,  2000 the  Company  announced  that it had signed a Letter of
Intent to acquire Capital Markets Group, Inc., a privately held,  Internet-based
real time  provider of original  financial  content.  On November 10, 2000,  the
Company announced the termination of the definitive agreement to acquire Capital
Markets Group, Inc.


PART II:      OTHER INFORMATION

Item 1.       Legal Proceedings

         None.

Item 2.       Changes In Securities

         None

Item 3.       Defaults Upon Senior Securities

         None.

Item 4.       Submission Of Matters To A Vote Of Security Holders

         None




                                       -7-
<PAGE>


Item 5.       Other Information

         None

Item 6.       Exhibits And Reports On Form 8-K

         (a)  Exhibits

              27  Financial Data Schedule

         (b)  Form 8-K

              None


                                       -8-
<PAGE>


                                   SIGNATURES


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

                                             NetHoldings.Com, Inc.
                                             (Formerly Xplorer, S.A.)
                                             (Registrant)

Dated:   November 20, 2000           By: /s/ Leonard J.Roman
                                             Leonard J. Roman
                                             Treasurer, Chief Financial Officer
                                             and Director;
                                             NetHoldings.Com, Inc.






                                      -9-