Document is copied.
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 1O-QSB


               QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                      For Quarter ended September 30, 2000


                                  GimmeaBid.com, Inc.
             (Exact name of registrant as specified in its charter)

         Delaware                          8400                    91-2028529
(State or other jurisdiction of  (Primary Standard Industrial   (I.R.S. Employer
incorporation or organization)    Classification Code Number)    Identification
                                                                      No.)

                            174-G World Trade Center
                              2050 Stemmons Freeway
                                P. O. Box 420132
                               Dallas, Texas 75342
                                  (214)752-6070
               (Address, including zip code, and telephone number,
                      including area code, of Registrant's
                          principal executive offices)

                                 J. Michael Wood
                               GimmeaBid.com, Inc.
                              2050 Stemmons Freeway
                                P. O. Box 420132
                               Dallas, Texas 75342
                                  (214)752-6070
            (Name, address, including zip code, and telephone number,
                   including area code, of agent for service)




              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 such shorter
              period that the registrant was required to file such
                      reports), and (2) Has been subject to
            such filing requirements for at least the past: 90 days.

                                 Yes _X_ No ___

                 The number of shares outstanding of each of the
                  Registrant's classes of common equity, as of
                       September 30, 2000, are as follows:

         Class of Securities                           Shares Outstanding
         -------------------                           ------------------
         Common Stock, no par value                    7,602,520






<PAGE>


PART I          FINANCIAL INFORMATION


Item 1.  Financial Statements


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


                           PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

Item 2.  Changes in Securities and Use of Proceeds

Item 3.  Defaults Upon Senior Securities

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

Item 5.  Other Information

Item 6.  Exhibits and Reports on Form 8-K

         Signatures

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

<PAGE>
                               GIMMEABID.COM, INC.
                          (A Development Stage Company)

                              FINANCIAL STATEMENTS

                    September 30, 2000 and December 31, 1999




<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                                 Balance Sheets
<TABLE>
<CAPTION>



                                                                               September 30,       December 31,
                                                                                 2000                1999
                                                                               -------------       ------------
                                                                               (Unaudited)
<S>                                                                        <C>                 <C>


CURRENT ASSETS

   Cash and cash equivalents                                               $           28,821  $             545
   Prepaid expenses                                                                     4,171              2,881
                                                                           ------------------  -----------------

     Total Current Assets                                                              32,992              3,426
                                                                           ------------------  -----------------

   PROPERTY AND EQUIPMENT, NET (Note 2)                                             1,205,626              4,419
                                                                           ------------------  -----------------

     TOTAL ASSETS                                                          $        1,238,618  $           7,845
                                                                           ==================  =================


                                  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                                  ----------------------------------------------

CURRENT LIABILITIES

   Accounts payable                                                        $           35,235  $          47,070
   Accrued expenses                                                                    73,967             63,464
                                                                           ------------------  -----------------

     Total Current Liabilities                                                        109,202            110,534
                                                                           ------------------  -----------------

STOCKHOLDERS' EQUITY (DEFICIT)

   Common stock, $0.001 par value: 10,000,000 shares
    authorized, 7,602,520 and 7,269,915 shares issued
    and outstanding, respectively                                                       7,603              7,270
   Capital in excess of par value                                                   5,551,065          3,888,372
   Deficit accumulated prior to January 1, 1993                                      (716,629)          (716,629)
   Deficit accumulated during the development stage
    (from January 1, 1993)                                                         (3,712,623)        (3,281,702)
                                                                           ------------------  -----------------

     Total Stockholders' Equity (Deficit)                                           1,129,416           (102,689)
                                                                           ------------------  -----------------

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                                                     $        1,238,618  $           7,845
                                                                           ==================  =================


</TABLE>


<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>

                                                                                                                       From
                                                                                                                    Inception of
                                                                                                                    Development
                                                                                                                     Stage on
                                                          For the                         For the                    January 1,
                                                     Three Months Ended                 Nine Months Ended          1993 Through
                                                       September 30,                      September 30,             September 30.
                                                   2000            1999              2000              1999            2000
                                               --------------  ---------------   ---------------  ----------------  ---------------

<S>                                            <C>             <C>               <C>              <C>               <C>
REVENUE                                        $       -       $        -        $        -       $         -       $        -

EXPENSES

   General and administrative                          88,018           30,054           428,667         1,415,897        1,924,913
   Depreciation                                         1,218           -                  1,584            -                 2,019
                                               --------------  ---------------   ---------------  ----------------  ---------------

     Total Expenses                                    89,236           30,054           430,251         1,415,897        1,926,932
                                               --------------  ---------------   ---------------  ----------------  ---------------

LOSS FROM CONTINUING
 OPERATIONS                                           (89,236)         (30,054)         (430,251)       (1,415,897)      (1,926,932)
                                               --------------  ---------------   ---------------  ----------------  ---------------

LOSS ON DISCONTINUED
 OPERATIONS                                            -                -                 -                 -            (1,774,612)
                                               --------------  ---------------   ---------------  ----------------  ---------------

OTHER INCOME (EXPENSE)

   Interest expense                                    -                -                 (2,552)           (2,600)         (12,964)
   Interest income                                      1,123           -                  1,882                 4            1,887
                                               --------------  ---------------   ---------------  ----------------  ---------------

     Total Other Income (Expense)                       1,123           -                   (670)           (2,596)         (11,077)
                                               --------------  ---------------   ---------------  ----------------  ---------------

NET LOSS                                       $      (88,113) $       (30,054)  $      (430,921) $     (1,418,493) $    (3,712,621)
                                               ==============  ===============   ===============  ================  ===============

BASIC LOSS PER COMMON SHARE                    $        (0.01) $         (0.00)  $         (0.05) $          (0.19)
                                               ==============  ===============   ===============  ================
</TABLE>


<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                   Statements of Stockholders Equity (Deficit)

<TABLE>
<CAPTION>



                                                                                                    Deficit
                                                                                                  Accumulated
                                                                                Capital in         During the
                                               Common Stock                      Excess of        Development
                                          Shares             Amount              Par Value           Stage
                                          ------             ------             ----------        -----------

<S>                                  <C>              <C>                  <C>                 <C>


Balance at inception of
 development stage on
 January 1, 1993                             722,167  $              722   $        2,251,680  $        (716,629)

Common stock issued for
 services at $0.58 per share                 253,868                 254              146,990             -

Net loss for the year ended
 December 31, 1993                            -                   -                    -              (1,740,571)
                                     ---------------  ------------------   ------------------  -----------------

Balance, December 31, 1993                   976,035                 976            2,398,670         (2,457,200)

Net loss for the year ended
 December 31, 1994                            -                   -                    -                  (1,289)
                                     ---------------  ------------------   ------------------  -----------------

Balance, December 31, 1994                   976,035                 976            2,398,670         (2,458,489)

Net loss for the year ended
 December 31, 1995                            -                   -                    -                  (6,594)
                                     ---------------  ------------------   ------------------  -----------------

Balance, December 31, 1995                   976,035                 976            2,398,670         (2,465,083)

Net loss for the year ended
 December 31, 1996                            -                   -                    -                  (7,381)
                                     ---------------  ------------------   ------------------  -----------------

Balance, December 31, 1996                   976,035                 976            2,398,670         (2,472,464)

Net loss for the year ended
 December 31, 1997                            -                   -                    -                  (9,373)
                                     ---------------  ------------------   ------------------  -----------------

Balance, December 31, 1997                   976,035                 976            2,398,670         (2,481,837)

Net loss for the year ended
 December 31, 1998                            -                   -                    -                  (9,404)
                                     ---------------  ------------------   ------------------  -----------------

Balance, December 31, 1998                   976,035  $              976   $        2,398,670  $      (2,491,241)
                                     ---------------  ------------------   ------------------  -----------------
</TABLE>




<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
             Statements of Stockholders Equity (Deficit) (Continued)

<TABLE>
<CAPTION>



                                                                                                    Deficit
                                                                                                  Accumulated
                                                                                Capital in         During the
                                               Common Stock                      Excess of        Development
                                          Shares             Amount              Par Value           Stage
                                          ------             ------             ----------        -----------

<S>                                  <C>              <C>                  <C>                 <C>

Balance, December 31, 1998                   976,035  $              976   $        2,398,670  $      (2,491,241)

Common stock issued for
   services at $0.22 per share,
   January 2, 1999                         6,173,400               6,173            1,335,923             -

Common stock issued for
   cash at $0.21 per share,
   January 2, 1999                            72,000                  72               14,928             -

Common stock issued for
   cash at $0.25 per share,
   January 2, 1999                            20,000                  20                4,980             -

Common shares issued for debt
 at $0.50 per share, January 8,
 1999                                          1,736                   2                  866             -

Common shares issued for
 services at $5.00 per share,
 March 10, 1999                                1,000                   1                4,999             -

Common shares issued for
 equipment at $5.00 per share,
 March 18, 1999                                  290                   1                1,449             -

Common shares issued for
 services at $5.00 per share,
 March 20, 1999                                1,170                   1                5,849              -

Common shares issued for
 cash at $5.00 per share,
 April 7, 1999                                   300                   1                1,499             -

Common shares issued for
 cash at $5.00 per share,
 April 29, 1999                                3,000                   3               14,997             -

Common shares issued for
 cash at $5.00 per share,
 May 15, 1999                                    200              -                     1,000             -

Common shares issued for
 services at $5.00 per share,
 September 5, 1999                             4,000                   4               19,996             -

Common shares issued for
 cash at $5.00 per share,
 September 9, 1999                             1,600                   2                7,998             -

Common shares issued for
 cash at $5.00 per share,
 September 16, 1999                            1,500                   2                7,498             -
                                     ---------------  ------------------   ------------------  -----------------

Balance forward                            7,256,231  $            7,258   $        3,820,652  $      (2,491,241)
                                     ---------------  ------------------   ------------------  -----------------
</TABLE>
<PAGE>


                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
             Statements of Stockholders Equity (Deficit) (Continued)
<TABLE>
<CAPTION>



                                                                                                    Deficit
                                                                                                  Accumulated
                                                                                Capital in         During the
                                               Common Stock                      Excess of        Development
                                          Shares             Amount              Par Value           Stage
                                          ------             ------             ----------        -----------

<S>                                  <C>              <C>                  <C>                 <C>

Balance forward                            7,256,231  $            7,258   $        3,820,652  $      (2,491,241)

Common shares issued for
 cash at $5.00 per share,
 September 24, 1999                            1,000                   1                4,999             -

Common shares issued for
 services at $5.00 per share,
 September 24, 1999                              340              -                     1,700             -

Common shares issued for
 cash at $5.00 per share,
 September 27, 1999                              400              -                     2,000             -

Common shares issued for
 cash at $5.00 per share,
 September 29, 1999                            1,000                   1                4,999             -

Common shares issued for
 cash at $5.00 per share,
 October 1, 1999                               1,000                   1                4,999             -

Common shares issued for
 cash at $5.00 per share,
 October 4, 1999                               1,000                   1                4,999             -

Common shares issued for
 cash at $5.00 per share,
 October 12, 1999                              3,400                   3               16,997             -

Common shares issued for
 cash at $5.00 per share,
 October 18, 1999                              1,000                   1                4,999             -

Common shares issued for
 cash at $5.00 per share,
 October 20, 1999                              1,000                   1                4,999             -

Common shares issued for
 services at $5.00 per share,
 October 22, 1999                              1,000                   1                4,999             -

Common shares issued for
 debt/services at $0.50 per
 share, October 27, 1999                       1,264                   1                  631             -

Common shares issued for
 services at $5.00 per share,
 October 30, 1999                              1,280                   1                6,399             -

Capitalization contribution,
 November 12, 1999                            -                   -                     5,000             -

Net loss for the year ended
   December 31, 1999                          -                   -                    -              (1,507,090)
                                     ---------------  ------------------   ------------------  -----------------

Balance, December 31, 1999                 7,269,915  $            7,270   $        3,888,372  $      (3,998,331)
                                     ---------------  ------------------   ------------------  -----------------
</TABLE>


<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
             Statements of Stockholders Equity (Deficit) (Continued)
<TABLE>
<CAPTION>



                                                                                                    Deficit
                                                                                                  Accumulated
                                                                                Capital in         During the
                                               Common Stock                      Excess of        Development
                                          Shares             Amount              Par Value           Stage
                                          ------             ------             ----------        -----------

<S>                                  <C>              <C>                  <C>                 <C>


Balance, December 31, 1999                 7,269,915  $            7,270   $        3,888,372  $      (3,998,331)

Common shares issued for
 cash at $5.00 per share,
 January 12, 2000 (unaudited)                  2,300                   2               11,498             -

Common shares issued for
 services at $5.00 per share,
 January 12, 2000 (unaudited)                 17,700                  18               88,482             -

Common shares issued for
 assets at $5.00 per share,
 January 12, 2000 (unaudited)                    100              -                       500             -

Common shares issued for
 software at $5.00 per share,
 January 15, 2000 (unaudited)                200,000                 200              999,800             -

Common shares issued for
 software at $5.00 per share,
 January 15, 2000 (unaudited)                  8,000                   8               39,992             -

Common shares issued for
 cash at $5.00 per share,
 January 15, 2000 (unaudited)                 20,000                  20               99,980             -

Common shares issued for
 cash at $5.00 per share,
 March 19, 2000 (unaudited)                    8,700                   9               43,491             -

Common shares issued for
 services at $5.00 per share,
 March 19, 2000 (unaudited)                   10,000                  10               49,990             -

Common shares issued for
 software at $5.00 per share,
 March 19, 2000 (unaudited)                    1,000                   1                4,999             -

Common shares issued
 for cash at $5.00 per share,
 March 19, 2000 (unaudited)                   15,500                  15               77,485             -

Common shares issued for
 prepaid expenses at $5.00
 per share, March 19, 2000
(unaudited)                                    2,000                   2                9,998             -
                                     ---------------  ------------------   ------------------  -----------------

Balance Forward                            7,555,215  $            7,555   $        5,314,587  $      (3,998,331)
                                     ---------------  ------------------   ------------------  -----------------
</TABLE>


<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
             Statements of Stockholders Equity (Deficit) (Continued)

<TABLE>
<CAPTION>



                                                                                                    Deficit
                                                                                                  Accumulated
                                                                                Capital in         During the
                                               Common Stock                      Excess of        Development
                                          Shares             Amount              Par Value           Stage
                                          ------             ------             ----------        -----------

<S>                                  <C>              <C>                  <C>                 <C>

Balance Forward                            7,555,215  $            7,555   $        5,314,587  $      (3,998,331)

Common shares issued for
 cash at $5.00 per share,
 March 29, 2000 (unaudited)                    7,000                   7               34,993             -

Common shares issued for
 cash at $5.00 per share,
 March 30, 2000 (unaudited)                    2,000                   2                9,998             -

Common shares issued for
 cash at $5.00 per share,
 April 18, 2000 (unaudited)                    8,500                   9               42,492             -

Common shares issued for
 services at $5.00 per share,
 April 20, 2000 (unaudited)                    5,000                   5               24,995             -

Common shares issued for
 cash at $5.00 per share,
 April 20, 2000 (unaudited)                    6,460                   6               32,294             -

Common shares issued for
 services at $5.00 per share,
 April 20, 2000 (unaudited)                    2,970                   3               14,847             -

Common shares issued for
 cash at $5.00 per share,
 April 27, 2000 (unaudited)                   12,600                  13               62,987             -

Common stock issued for
 services at $5.00 per share,
 April 27, 2000 (unaudited)                    2,775                   3               13,872             -

Net loss for the nine months
 ended September 30, 2000
 (unaudited)                                  -                   -                    -                (430,921)
                                     ---------------  ------------------   ------------------  -----------------

Balance, September 30, 2000
 (unaudited)                               7,602,520  $            7,603   $        5,551,065  $      (4,429,252)
                                     ===============  ==================   ==================  =================
</TABLE>


<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                                       From
                                                                                                                    Inception of
                                                                                                                    Development
                                                                                                                     Stage on
                                                          For the                         For the                    January 1,
                                                      Three Months Ended                 Nine Months Ended          1993 Through
                                                       September 30,                      September 30,             September 30.
                                                      2000            1999             2000              1999            2000
                                                  --------------  ---------------  --------------  ----------------  ---------------

<S>                                                <C>            <C>              <C>             <C>              <C>

CASH FLOWS FROM OPERATING
 ACTIVITIES

   Net loss                                        $     (88,113) $       (30,054) $     (430,921) $    (1,418,493) $    (3,712,621)
   Adjustments to reconcile net loss
    to net cash used by operating
    activities:
     Common stock issued for services                     -                -              192,225        1,347,947        1,725,782
     Loss on disposition of assets                        -                -               -                -             1,535,773
     Depreciation expense                                  1,218           -                1,586           -                 2,019
   Changes in operating assets and liabilities:
     (Increase) in advances to related parties            -                (4,915)         -               (18,801)          -
     Decrease in prepaid expense                          -                   500           8,710              969           10,829
     Increase (decrease) in cash overdraft                -                (5,000)         -                -                -
     Increase (decrease) in accounts
      payable and accrued expenses                          (777)            (209)         (1,335)           3,592          110,432
                                                   -------------  ---------------  --------------  ---------------  ---------------

       Net Cash Used by Operating Activities             (87,672)         (39,678)       (229,735)         (84,786)        (327,786)
                                                   -------------  ---------------  --------------  ---------------  ---------------

CASH FLOWS FROM INVESTING
 ACTIVITIES

     Purchase of fixed assets                             (2,045)             (99)         (7,461)          (2,491)         (10,865)
     Purchase of software                                 -                 -            (149,830)          -              (149,830)
                                                   -------------  ---------------  --------------  ---------------  ---------------

        Net Cash Used by Investing Activities             (2,045)             (99)       (157,291)          (2,491)        (160,695)
                                                   -------------  ---------------  --------------  ---------------  ---------------

CASH FLOWS FROM FINANCING
 ACTIVITIES

   Common stock issued for cash                           -                49,200         415,301           96,706          517,301
                                                   -------------  ---------------  --------------  ---------------  ---------------

       Net Cash Provided by Financing
        Activities                                        -                49,200         415,301           96,706          517,301
                                                   -------------  ---------------  --------------  ---------------  ---------------

INCREASE IN CASH AND CASH
 EQUIVALENTS                                             (89,717)           9,423          28,275            9,429           28,820

CASH AND CASH EQUIVALENTS AT
 BEGINNING OF PERIOD                                     118,537                6             545           -                -
                                                   -------------  ---------------  --------------  ---------------  ---------------

CASH AND CASH EQUIVALENTS AT
 END OF PERIOD                                     $      28,820  $         9,429  $       28,820  $         9,429  $        28,820
                                                   =============  ===============  ==============  ===============  ===============

</TABLE>



<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                      Statements of Cash Flows (Continued)
                                   (Unaudited)


<TABLE>
<CAPTION>

                                                                                                                       From
                                                                                                                    Inception of
                                                                                                                    Development
                                                                                                                     Stage on
                                                          For the                         For the                    January 1,
                                                      Three Months Ended                 Nine Months Ended          1993 Through
                                                       September 30,                      September 30,             September 30.
                                                      2000            1999             2000              1999            2000
                                                  --------------  ---------------  --------------  ----------------  ---------------

<S>                                                <C>            <C>              <C>             <C>              <C>

Cash Paid For:

   Interest                                        $      -       $        -       $       -       $        -       $        -
   Income taxes                                    $      -       $        -       $       -       $        -       $        -

Non-Cash Financing Activities:

   Issuance of common stock for services           $      -       $        -       $      192,225  $     1,357,947  $     1,725,782
   Issuance of common stock for debt               $      -       $        -       $       -       $           969  $         1,233
   Issuance of common stock for prepaid
     expenses                                      $      -       $        -       $       10,000  $         5,000  $        15,000
   Issuance of common stock for fixed assets       $      -       $        -       $          500  $         1,450  $         1,950
   Issuance of common stock for software           $      -       $        -       $    1,045,000  $        -       $     1,045,000

</TABLE>


<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                    September 30, 2000 and December 31, 1999


NOTE 1 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

              a.  Organization

              Life Systems International, Inc. (the Company) was incorporated on
              May 15, 1986 under the laws of the State of Delaware.  On July 17,
              1990, the Company  changed its name to Mesquite  Country,  Inc. On
              June 16, 1999, the Company changed its name to Gimmeabid.com, Inc.
              The Company is considered a  development  stage  enterprise  whose
              principal business activity will be to provide e-commerce services
              to commercial enterprises,  initially automobile dealers and parts
              distributors.

              The Company has not engaged in any business  operations since 1992
              and it was  reclassified  as a  development  stage  company  as of
              January 1, 1993. The Company presently has only minimal assets.

              b.  Accounting Method

              The Company's financial  statements are prepared using the accrual
              method of accounting. The Company has elected a calendar year end.

              c.  Cash Equivalents

              The  Company  considers  all  highly  liquid  investments  with  a
              maturity  of  three  months  or  less  when  purchased  to be cash
              equivalents.

              d.  Property and Equipment

              Property and equipment are recorded at cost.  Major  additions and
              improvements  are  capitalized.  The cost and related  accumulated
              depreciation  of  equipment  retired or sold are removed  from the
              accounts and any differences between the undepreciated  amount and
              the proceeds  from the sale are recorded as a gain or loss on sale
              of equipment.  Depreciation  is computed  using the  straight-line
              method over the estimated useful lives as follows:

                                                             Useful
                             Description                     Lives
                             -----------                     -----

                          Office equipment                  5 to 7 years
                          Office furniture                  7 years

               The Company has contracted  with various third parties to acquire
               software  developed  by those  parties  to be used in the  normal
               course  of its  operations  (See  Note  3).  When  installed  and
               operational,  this  software  will  be  amortized  over  a 5 year
               period.



<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                    September 30, 2000 and December 31, 1999


NOTE 1 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

              e.  Income Taxes

              No provision for income taxes has been accrued because the Company
              has  incurred  losses  from  inception.  The Company has elected a
              December 31 year end and has a net  operating  loss  carryover  of
              approximately $2,400,000 for tax purposes, which expires in 2020.

              f.  Basic Loss per Share

              During  the  Company's   fiscal  year  ended  1998,   the  Company
              implemented  Statement of Financial  Accounting Standards ("SFAS")
              No. 128,  "Earnings  Per  Share."  SFAS No. 128  provides  for the
              calculation  of "Basic" and  "Diluted"  earnings per share.  Basic
              earnings  per  share  includes  no  dilution  and is  computed  by
              dividing income  available to common  stockholders by the weighted
              average  number  of  common  shares  outstanding  for the  period.
              Diluted  earnings  per share  reflects the  potential  dilution of
              securities that could share in the earnings of an entity that were
              outstanding for the period,  similar to fully diluted earnings per
              share.

              The  computation  of basic loss per share of common stock is based
              on the weighted  average number of shares  outstanding  during the
              period of the financial statements.
<TABLE>
<CAPTION>


                                                          For the                            For the
                                                      Three Months Ended                 Nine Months Ended
                                                        September 30,                      September 30,
                                             ---------------------------------------------------------------------
                                                   2000             1999              2000              1999
                                             ----------------  ---------------   ---------------  ----------------
              <S>                            <C>               <C>               <C>              <C>

              Numerator - loss               $        (88,113) $       (30,054)  $      (430,921) $     (1,418,493)
              Denominator - weighted
               average number of
                shares outstanding                  7,566,211        7,248,690         7,566,211         7,176,657
                                             ----------------  ---------------   ---------------  ----------------

              Loss per share                 $          (0.01) $         (0.00)  $         (0.05) $          (0.19)
                                             ================  ===============   ===============  ================
</TABLE>


              g.  Reverse Stock Split

              In 1993, the Company reverse split its shares of common stock on a
              1-for-20  basis.  All references to shares  outstanding and losses
              per share have been  adjusted to reflect the effect of the reverse
              split on a retroactive basis.



<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                    September 30, 2000 and December 31, 1999


NOTE 1 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICES (Continued)

              h.  Use of Estimates

              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  and  disclosure of contingent  assets and
              liabilities  at the  date  of the  financial  statements  and  the
              reported  amounts of revenues  and expenses  during the  reporting
              period. Actual results could differ from those estimates.

              i.  Revenue Recognition

              As the Company is in the  development  stage and has no sources of
              revenue, such policies have not been established. The Company will
              develop policies for revenue  recognition  when normal  operations
              and sales commence.

              j.  Long Lived Assets

              All long lived assets are evaluated yearly for impairment per SFAS
              121. Any  impairment  in value is  recognized as an expense in the
              period when the impairment occurs.

              k.  Unaudited Financial Statements

              The accompanying unaudited financial statements include all of the
              adjustments which, in the opinion of management, are necessary for
              a fair  presentation.  Such  adjustments are of a normal recurring
              nature.

NOTE 2 -   PROPERTY AND EQUIPMENT

                Property and equipment consists of the following:
<TABLE>
<CAPTION>


                                                                             September 30,       December 31,
                                                                                2000                 1999
                                                                          ------------------  ------------------
                                                                               (Unaudited)


              <S>                                                         <C>                 <C>
              Office Equipment                                            $            3,604  $            3,604
              Office Furniture                                                         6,666               1,250
              Leasehold improvements                                                     500              -
              Software                                                             1,196,875              -
                                                                          ------------------  ------------------

                                                                                   1,207,645               4,854
              Accumulated depreciation                                                (2,019)               (435)
                                                                          ------------------  ------------------

              Net Property and Equipment                                  $        1,205,626  $            4,419
                                                                          ==================  ==================
</TABLE>


              Depreciation  expense for the nine months ended September 30, 2000
              and 1999 was $1,584 and $-0-, respectively.




<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                    September 30, 2000 and December 31, 1999


NOTE 2 -      PROPERTY AND EQUIPMENT (Continued)

              Software Capitalization Schedule
<TABLE>


                  <S>                                                                         <C>
                  Issuance of common stock, 200,000 shares at $5.00 per share                 $        1,000,000
                  Issuance of common stock, 8,000 shares at $5.00 per share                               40,000
                  Issuance of common stock, 1,000 shares at $5.00 per share                                5,000
                  Cash payments                                                                          151,875
                                                                                              ------------------

                                                                                              $        1,196,875
</TABLE>


NOTE 3 -   COMMITMENTS AND CONTINGENCIES

              The Company leases certain office equipment used in its operations
              under a non-cancellable operating lease. The lease term expires in
              June 2003. The monthly rental payment for the lease is $67.

              The Company  leases office space located in Dallas,  Texas under a
              non-cancellable  operating  lease.  The lease term expires in July
              2000. The monthly rental payment for the lease is $248.

              Minimum  future lease  payments on the leases as of September  30,
              2000 are as follows:

               Year Ended
              December 31,                                             Amount
              ------------                                             ------

                    2000                                    $             201
                    2001                                                  801
                    2002                                                  801
                    2003                                                  400
                    2004 and thereafter                                     -
                                                            -----------------

                    Total                                   $           2,203
                                                            =================

              On January 15, 2000,  the Company  entered into an agreement  with
              Integrated Concepts,  Inc. to develop a custom e-commerce internet
              application  for the Company for $1.5 million.  The Company agreed
              to pay $1.0  million in common stock at a price of $5.00 per share
              totaling 200,000 shares. The remaining $500,000 is to be paid over
              the  development of the project.  In accordance  with the terms of
              the agreement,  the Company paid $100,000 to Integrated  Concepts,
              Inc. upon their acceptance of the contract.





<PAGE>



                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                    September 30, 2000 and December 31, 1999


NOTE 4 -      COMMON STOCK

              In January 1999, the Company issued 6,173,400 shares of its common
              stock to officers and other  individuals for services  rendered to
              the Company, valued at $1,342,097 at a price of $0.22 per share.

              In January  1999,  the Company  sold  72,000  shares of its common
              stock for cash proceeds of $15,000 at a price of $0.25 per share.

              In January  1999,  the Company  sold  20,000  shares of its common
              stock for cash proceeds of $5,000 at a price of $0.25 per share.

              In January  1999,  the Company  issued  3,000 shares of its common
              stock in settlement of debt of $1,233 and for services rendered to
              the Company valued at $267 at a price of $0.50 per share.

              In March 1999,  the Company  issued 290 shares of its common stock
              at $1,450  at a price of $5.00  per  share  and a  payable  in the
              amount of $1,450 for equipment valued at $2,900.

              In March 1999, the Company issued 1,000 shares of its common stock
              at  $5,000  at a price of  $5.00  per  share  for  services  to be
              rendered to the Company in future periods.

              From March 1999 to October 1999,  the Company  issued 7,790 shares
              of its common stock for services rendered to the Company valued at
              $38,950 at a price of $5.00 per share.

              From April 1999 to October 1999, the Company sold 16,400 shares of
              its common stock for cash  proceeds of $82,000 at a price of $5.00
              per share.

              On January 15,  2000,  the Company  issued  200,000  shares of its
              common  stock  and  made  the  initial   payment  of  $100,000  to
              Integrated  Concepts,  Inc. upon that company's  acceptance of the
              contract (see Note 3).

              On January 15, 2000, the Company issued 8,000 shares of its common
              stock for software  development for a value of $40,000, at a price
              of $5.00 per share

              On March 19, 2000, the Company  issued an additional  1,000 shares
              of its common stock to Integrated  Concepts,  Inc., for a value of
              $5,000 at a price of $5.00 per share.

              From January 1 to March 31, 2000,  the Company  issued  29,800s of
              its common  stock for services  rendered to the  Company,  prepaid
              expenses and fixed  assets  valued at $149,000 at a price of $5.00
              per share.

              From January 1 to March 31, 2000,  the Company sold 55,500  shares
              of its common  stock for cash  proceeds  of $277,500 at a price of
              $5.00 per share.

              From April 1 to June 30, 2000,  the Company sold 27,560  shares of
              its common stock for cash proceeds of $137,801 at a price of $5.00
              per share.

              From April 1 to June 30, 2000, the Company issued 10,745 shares of
              its common stock for services  rendered to the Company and prepaid
              expenses valued at $53,725 at a price of $5.00 per share.



<PAGE>






                               GIMMEABID.COM, INC.
                          (A Development Stage Company)
                        Notes to the Financial Statements
                    September 30, 2000 and December 31, 1999


NOTE 5 -      GOING CONCERN

              The accompanying  financial statements have been prepared assuming
              the Company will continue as a going concern. The Company has been
              in the development stage since January 1, 1993 and does not have a
              significant operating history. In order to carry out its operating
              plans,  the Company  will need to obtain  additional  funding from
              outside   sources.   The   Company  is   pursuing   new   business
              opportunities  through  merger or purchase of existing,  operating
              companies.  Due to the extremely  limited  assets and resources of
              the Company,  no  assurance  can be given that the Company will be
              successful in its pursuit of new business opportunities.

NOTE 6 -      DISCONTINUED OPERATIONS

              In 1992, the Company  discontinued  its  operations  and, in 1993,
              sold all of its operating  assets.  The operating  results for the
              periods from 1993 through 1998 have been reclassified and reported
              as discontinued operations.

<PAGE>



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


         . The Company  completed the development of the fundamental  portion of
its Internet software application and actually launched the site today, November
14, 2000. We anticipate that the site will begin to produce revenues in the near
future.  To  date,  GimmeaBid.com  has not  begun  to  recognize  revenues  from
operations since the past eighteen months have been spent solely on development.
Until the  GimmeaBid.com  begins  to  recognize  adequate  revenues  to  sustain
operations,  the Company is relying on investment dollars to continue operations
and currently has adequate  capital to meet its operating  requirements  for the
next sixty days,  not including  any revenues  that may be  recognized  from the
operation  of its web site.  The  Company  is  relying  on its  ability to raise
additional  capital through a direct public offering in the near future in order
to  continue  operations  and launch its  marketing  plan.  The  majority of the
proceeds from this proposed offering is slated to fund our marketing efforts. We
feel that it is imperative to fund an  aggressive  marketing  effort in order to
capture an adequate market share for the Company to become profitable.

         The Company  continues to develop its software  applications to add and
enhance the sites  current  offerings to include  shipping  logistics  and other
features.  We anticipate that these  enhancements  will be made available to our
users in the next  release  that is  scheduled  for early  January  of 2001.  We
further anticipate that we will be investing additional capital into hardware so
that we will have the  ability to host our own site  without  reliance  on third
parties. With this development,  we will be spending  approximately  $100,000 to
$150,000 for hardware, software, and connectivity. We will also be adding two to
three  additional  employees  to help host,  manage and  continue to develop our
site,  which will  increase  our  monthly  operating  expenses.  The  Company is
currently  continuing  its  marketing  efforts to  register  dealers  daily by a
combination of strategies that include  in-person calls,  telemarketing,  e-mail
messages,  and  direct  mail.  The  Company  continues  to  realize  success  in
registering these dealers.

         At the present time,  GimmeaBid.com has filed a registration  statement
to attempt a direct  public  offering of its  securities  in order to obtain the
necessary capital to continue the operations and development of the Company.  To
date, the Company's capital continues to be consumed by the day-to-day operating
expenses and  development  costs of its Internet  software  application.  If the
Company remains in  registration  for an extended period of time, it will become
imperative  that  we  raise  additional   capital  through  borrowing  or  begin
recognizing adequate revenues to continue operations.

         As of September 30, 2000,  GimmeaBid.com's Total shareholder equity had
increased to  $1,238,416  from a deficit of  ($102,689) as of December 31, 1999.
For the three months ending September 30, 2000, the Company had a loss per share
of ($0.01).  The Company  realized a ($0.05)  loss per share for the nine months
ending  September  30,  2000 as  compared  to  ($.19)  loss  per  share  in same
nine-month  period  of  1999.  While  the  shareholder's  equity  has  increased
significantly and the operating loss per share appears to be significantly  less
than the prior years, cash flow is still a critical issue and the Company relies
on its ability to raise  additional  funds in order to continue  operations  and
development of the site.

PART II  OTHER INFORMATION

Item 1.  Legal Proceedings

None.

Item 2. Changes in Securities and Use of Proceeds

None

Item 3.  Defaults Upon Senior Securities

None

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

<PAGE>

None

Item 5.  Other Information

None.

Item 6.   Exhibits and Reports on Form 8-K


27.      Financial Data Schedule


Dated: November 13, 2000

                                     GimmeaBid.com, Inc.


                                     By: /s/
                                         ---------------------------
                                         Mike Wood