JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.





                     U.S. 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 December 31, 1996

[   ]  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 0-27390

                               JUNGLE STREET, INC.
        (Exact name of small business issuer as specified in its charter)


              Utah                                      87-0368236
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
 incorporation or organization)

                   215 Yakima St., Wenatchee, Washington 98801
                    (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (509) 664-9004

Check  whether the issuer (1) 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 [ ]

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest  practicable date: As of February 14, 1996,  14,640,745
shares  of  the  Company's  Common  Stock,  par  value  $.001  per  share,  were
outstanding.

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

<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.




                                   Form 10QSB

                For the Quarterly Period Ended December, 31, 1996

                                TABLE OF CONTENTS



                                                                     Page

Part I.  FINANCIAL INFORMATION                                        3

Item 1.  Financial Statements                                         3

Condensed Balance Sheet - December 31, 1996                           3

Condensed Statement of Operations - Three Months and Six Months       4
           Ended December 31, 1996 and 1995

Statements of Cash Flows - Three Months and Six Months                5
           Ended December 31, 1996 and 1995

Statement of Stockholders' Deficit                                    6
  Ended December 31, 1996

Notes to Consolidated Financial Statements                            7

Item 2.  Management's Discussion and Analysis of                      8
           Financial Condition and Results of Operations

Part II.  OTHER INFORMATION                                           12

Item 1.  Legal Proceedings                                            12

Item 5.  Other Information                                            13

Item 6.  Exhibits and Reports on Form 8-K.                            14

Signatures                                                            15



                                      -2-
<PAGE>

                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



                          ITEM 1. FINANCIAL STATEMENTS

                             Condensed Balance Sheet
                                   (Unaudited)


                                                 December 31,      September 30,
                                                     1996              1996
                                                 ------------      -------------
ASSETS

Cash and cash equivalents                          $    51,943      $   247,900
Accounts receivable, net                               248,354          133,915
Inventory                                                9,198           33,399
Prepaid expenses                                        21,164           30,162
Deferred expenses                                       64,019           72,682
Note receivable                                          8,000           18,500
Note receivable, Officer Loan                           10,000                0
                                                   -----------      -----------
Current Portion of L.T. Notes Receivable               134,774           58,525
                                                   -----------      -----------

            Total Current Assets                       547,452          595,083
                                                   -----------      -----------

Net Property and equipment                         $   923,970      $   687,508
Other assets                                           341,522          298,350
                                                   -----------      -----------

            Total Assets                           $ 1,812,944      $ 1,580,940
                                                   ===========      ===========

LIABILITIES AND STOCKHOLDERS'
EQUITY

Accounts Payable                                   $ 1,153,178      $   709,975
Accrued Liabilities                                    259,321          146,058
Unearned Fees                                          175,728          159,178
Short Term Notes                                       777,000          620,000
Current Portion of L.T. Debt                           143,930          106,358
                                                   -----------      -----------

            Total Current Liabilities              $ 2,509,157      $ 1,741,569
                                                   -----------      -----------

Long Term Debt                                     $   316,269      $   290,263
Other Liabilities                                            0                0
Stockholders' Equity                                (1,012,482)        (450,892)
                                                   -----------      -----------

   Total Liabilities and Stockholders' Equity      $ 1,812,944      $ 1,580,940
                                                   ===========      ===========

See accompanying notes to financial statements.

                                      -3-
<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.




                       Condensed Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>

                                      Three months ended              Six months ended
                                        December 31,                    December 31,


                                       1996           1995         1996            1995
                                  -----------    -----------    -----------    -----------

<S>                               <C>            <C>            <C>            <C>        
Revenues                          $   625,153    $   308,817    $ 1,340,839    $   531,712

Cost of revenues                      534,739        185,020        921,619        381,386
                                  -----------    -----------    -----------    -----------

Gross profit                           90,414        123,797        419,220        150,326

Operating expenses:

  Selling, general and                650,723        164,356      1,177,030        294,905
administrative
                                  -----------    -----------    -----------    -----------

Operating loss                    $  (560,311)   $   (40,559)   $  (757,810)   $  (144,579)

Other Income                           (1,278)        (6,774)          (783)        12,888

Net loss                          $  (561,589)   $   (47,333)   $  (758,593)   $  (131,691)
                                  ===========    ===========    ===========    ===========

Net loss per share                $     (0.04)   $     (0.09)   $     (0.05)   $     (0.26)

Weighted average number of
  shares outstanding                14,640,745       500,300     14,640,745       500,300

</TABLE>

See accompanying notes to financial statements.

                                      -4-

<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



                            Statements of Cash Flows
          For the Three Month Periods ended December 31, 1996 and 1995

<TABLE>
<CAPTION>

                                                                              Quarter Ended                  Six Months Ended

                                                                        December 31,  December 31,   December 31,   December 31,
                                                                            1996          1995           1996           1995
                                                                       -------------  ------------   ------------   ------------
                                                                         (Unaudited)  (Unaudited)    (Unaudited)     (Unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                                    <C>            <C>            <C>            <C>         
   Net income (loss)                                                   $  (561,589)   $   (40,358)   $  (758,593)   $  (124,716)
     Adjustments to reconcile net loss to net cash used in operating
     activities:
         Depreciation                                                       47,052         17,409         87,150         17,409
         Amortization                                                        4,275                         4,275
         (Increase) decrease in operating assets                           (72,577)       (38,644)      (188,845)       (13,112)
         Increase (decrease) in operating payables                         573,017        156,141        774,906        191,078
                                                                       -----------    -----------    -----------    -----------
         Net cash provided by (used for) operating activities               (9,822)        94,548        (81,107)        70,659
CASH FLOWS FROM INVESTING ACTIVITIES
   Purchase of equipment                                                  (283,514)       (83,101)      (485,435)      (104,923)
   Purchase of leasehold improvements                                            0                          (358)             0
   Payment of deposit on equipment                                         (21,915)        (1,000)       (25,622)        (1,000)
   Advances made on short-term notes receivable                            (10,000)                      (10,000)
   Payments received on short-term notes receivable                              0                         1,500              0
   New long term loans receivable                                         (103,000)                     (199,500)
   Payments received on long-term notes receivable                          11,719                        12,680
                                                                       -----------    -----------    -----------    -----------
         Net cash provided (used for) investing activities                (406,710)       (84,101)      (706,735)      (105,923)
CASH FLOWS FROM FINANCING ACTIVITIES
   Payments made on short-term notes                                             0         (5,000)      (309,229)        (5,000)
   Borrowings on short-term notes                                          157,000        150,000      1,003,066        150,000
   Payments on long-term debt & capital lease obligations                  (20,617)        (6,392)       (53,164)       (11,325)
   Borrowings on long-term debt & capital lease obligations                 84,194                       189,678              0
   Issuance of common stock                                                               (61,233)             0         (7,964)
         Net cash provided by financing activities                         220,577         77,375        830,351        125,711
                                                                       -----------    -----------    -----------    -----------
NET CHANGE IN CASH                                                        (195,955)        87,822         42,509         90,447
CASH BALANCE - BEGINNING OF PERIOD                                         247,899         14,061          9,435         11,436
                                                                       -----------    -----------    -----------    -----------

CASH BALANCE - END OF PERIOD                                                51,944        101,883         51,944        101,883
                                                                       ===========    ===========    ===========    ===========
</TABLE>


                                      -5-

<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.




                       Statement of Stockholders' Deficit
                                December 31, 1996


<TABLE>
<CAPTION>

                                             Common          Common       Additional   Stock Held in    Accumulated  Stockholders'
                                             Shares          Stock          Paid-in        Trust          Deficit        Deficit
                                                                           Capital

<S>                                         <C>            <C>            <C>            <C>           <C>              <C>         
Balance, June 30, 1996                      1,697,420      $   1,697      $ 376,057      $(70,000)     $  (606,642)     $  (298,888)

Issuance of shares in                      11,818,325         11,818        (11,818)                                              0
conjunction with the
merger with Televar
Northwest, Inc. at the rate
of five shares of Jungle
Street, Inc. stock for one
share of Televar Northwest,
Inc. stock 

Issued shares in exchange                   1,125,000          1,125         (1,125)                                              0
for services

Issued shares for retirement                   45,000             45         44,995                                          45,000
of debt

Net loss for the six month                                                                                (758,593)        (758,593)
period ended December 31,
1996 

Balance, December 31,                      14,640,745      $  14,685      $ 408,069      $(70,000)     $(1,365,235)     $(1,012,481)
1996

</TABLE>

                                      -6-
<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.  BASIS OF PRESENTATION

     The accompanying unaudited condensed consolidated financial statements have
been prepared in accordance with generally  accepted  accounting  principles for
interim  financial  information in accordance with  instructions to Form 10- QSB
and Item 310(b) of Regulation S-B.  Accordingly,  they do not include all of the
information and footnotes required by generally accepted  accounting  principles
for complete  financial  statements.  In the opinion of  management,  all normal
adjustments, consisting of normal recurring accruals, considered necessary for a
fair  presentation  have been  included.  Although a Statement of  Stockholders'
Equity is not required for interim  reporting,  it has been included herewith to
show the effect of the merger described in note 2.

     The financial  statements  should be read in  conjunction  with the audited
financial  statements  and notes  thereto for the years ended June 30 1996,  and
1995,  which have been provided in their  entirety in the Company's Form 10-KSB.
The results of  operations  for the  three-month  and  six-month  periods  ended
December 31, 1996 and 1995 are not  necessarily  indicative of the results to be
expected for the full year.

2.  MERGER WITH TELEVAR NORTHWEST, INC.

     On August 29, 1996 Jungle Street, Inc. merged with Televar Northwest, Inc.,
a  Washington  corporation.  The  merger  was  accomplished  by  a  merger  of a
wholly-owned  subsidiary of Jungle Street with Televar  Northwest,  Inc. Because
Jungle Street's assets,  liabilities and operations are nominal, these financial
statements  include the  activity of both  Televar  Northwest,  Inc.  and Jungle
Street,  Inc.,  retroactively  restated to the  beginning of the period  covered
herein.  The Televar  capital stock that was converted into Jungle Street common
stock in the merger was converted based on a five-for-one conversion ratio.


                                      -7-

<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



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

Preliminary Note Regarding Forward-Looking Statements

     This Quarterly Report on Form 10-QSB for the quarter and six-month  periods
ended December 31, 1996, contains forward-looking  statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities  Exchange  Act of 1934.  Such  statements  may  include,  but are not
limited to, projection of revenues, income, or loss, capital expenditures, plans
for  product  development  and  cooperative  arrangements,   future  operations,
financing  needs or plans of the Company as well as assumptions  relating to the
foregoing.  The words "believe," "expect," "anticipate,"  "estimate," "project,"
and similar expressions identify forward-looking statements, which speak only as
of the date the statement was made.  Such  statements are inherently  subject to
risks and uncertainties as further  described herein and in the  "Considerations
Related to the Company's  Business" section of the Company's Form 10-KSB for the
year ended June 30, 1996.  The Company's  actual  results may differ  materially
from the results projected in the forward-looking statements.

Overview

     On August 30, 1996,  Jungle Street effected a merger between a wholly-owned
subsidiary  formed for the  purpose of the merger and  Televar  Northwest,  Inc.
("Televar"),  a Washington  corporation  principally  engaged in the business of
Internet  access and long distance  telecommunications  services (the "Merger").
The shareholders of Televar received 11,593,325 shares of common stock of Jungle
Street  in the  Merger,  resulting  in the  shareholders  of  Televar  owning an
aggregate  of 83%  of the  13,968,625  shares  of  Jungle  Street  common  stock
outstanding  on the  effective  date of the  Merger.  As a result of the Merger,
Televar became a wholly-owned  subsidiary of Jungle Street.  The Televar capital
stock that was converted into Jungle Street common stock was converted  based on
a five-for-one  conversion ratio,  which was determined  pursuant to arms-length
negotiations  between Jungle Street and the management of Televar. In connection
with the Merger,  Jungle Street also issued an aggregate of 1,125,000  shares of
common stock  (approximately 8% of the outstanding common stock on a post-merger
basis) to certain  consultants as compensation  for services  rendered to Jungle
Street prior to the Merger.

     Prior to the Merger, Jungle Street was inactive and had only nominal assets
and liabilities. The financial statements included in this report include the
activity  of both  Televar  and  Jungle  Street  retroactively  restated  to the
beginning of the periods covered by the financial statements.


                                      -8-
<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.


Results of Operations

Quarterly periods ended December 31, 1996 and 1995:

     Revenues.  Revenues  for the three months  ended  December  31, 1996,  were
$625,153,  a 12%  increase  over the  revenues of $481,176  from the three month
period ended September 30, 1996. Approximately 87% of these revenues represented
Internet  access and VAR fee revenues and  approximately  13%  represented  long
distance  services.  Revenues  for the three  months  ended  December  31,  1996
represent  a 102.4%  increase or  $316,336  over the three  month  ended  period
December  31,  1995,  revenues  of  $308,817.  The  growth in  revenues  was due
primarily  to a  significant  increase  in Internet  access  service and VAR fee
revenues due to the growth of the Company's  Internet customer base. In November
1996,  the  agreement  the Company  had with  Association  Communications,  Inc.
("ACI"),  pursuant to which the Company was an exclusive distributor of ACI long
distance service in certain markets in eastern  Washington state, was terminated
by ACI. The Company has not negotiated a replacement  contract with another long
distance  carrier  and as a result  is  currently  not  offering  long  distance
services  to its  customers.  Although  the  Company  expects to  reestablish  a
relationship  with a long  distance  carrier in the  future,  for the  immediate
short-term,  the Company  does not expect any long  distance  service  revenues,
particularly during the quarters ending March 31 and June 30, 1997.

     Cost of Sales.  Costs of sales for the three months ended December 31, 1996
were $534,739  compared with costs of sales for the three months ended  December
31, 1995 of $185,020,  an increase of $349,719 or 189%.  Costs of sales consists
primarily of software license fees and network operating costs, including leased
line and local access  charges.  Costs of sales  increased  as a  percentage  of
revenues  from 60% in 1995 to 86% in 1996  primarily  due to  incremental  costs
associated  with  expanding  internet  service to new market regions and a shift
from long distance resale to internet access services.

     Sales, General and Administrative  Expenses. The Company's selling, general
and  administrative  expenses consist  primarily of payroll and related expenses
for administrative, customer support and marketing personnel, compensation costs
for direct sales personnel,  commissions and other costs related to the indirect
distribution and bad debt expense. SG&A costs were $650,723 for the three months
ended December 31, 1996 compared to $164,356 for the three months ended December
31, 1995, an increase of $486,367 or 295%.  The increase in expenses  during the
1996 period resulted primarily from increased  personnel and increased sales and
marketing  efforts of  expanding  internet  access  service to new  geographical
markets.  SG&A expenses for the three month period ended  December 31, 1996 were
$650,723, a


                                      -9-

<PAGE>
                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



23.6%  increase  over the SG&A  expenses of $526,306  for the three month period
ended  September 30, 1996. The increase was due to several  additional  factors,
including  officer's salary  increases,  and increases in legal,  accounting and
other  professional  fees due to the  Company's  decision  to merge with  Jungle
Street, Inc.

     Other Income. Other income was $(1,278) for the three months ended December
31, 1996 and $(6,774) for the three months ended December 31, 1995. In the three
month period ended  December 31, 1995,  other income was comprised  primarily of
income  received  as a  result  of a  settlement  of a  dispute  with one of the
Company's suppliers.  The  period-to-period  decrease in other income was due to
the lump sum payment of the settlement in the 1995 period.

Six month periods ended December 31, 1996 and 1995:

     Revenues.  Revenues  for  the  six-months  ended  December  31,  1996  were
$1,340,839,  an increase of $809,127 or 152.2%  compared to revenues of $531,712
for the same  period in 1995.  The growth in  revenues  was due  primarily  to a
significant  increase in Internet access service and VAR fee revenues due to the
growth of the Company's  Internet customer base. The Company does not expect any
long distance service revenues in the near-term.

     Cost of sales.  Cost of sales for the six months  ended  December  31, 1996
were $921,619, an increase of $540,233 of 141.6%,  compared to costs of sales of
$381,386 for the same period in 1995. Cost of sales increased as a percentage of
revenues  from 60% in 1995 to 86% in 1996  primarily  due to  incremental  costs
associated  with  expanding  internet  service to new market regions and a shift
from long distance resale to internet access services.

     Sales, general and administrative  expenses.  SG&A costs for the six months
ended  December 31, 1996,  were  $1,177,030,  an increase of $882,125 or 299.1%,
compared to SG&A costs of $294,905 for the same period in 1995.  The increase in
expenses in 1996 can be  attributed  to the increase in personnel  and increased
sales  and  marketing  efforts  of  expanding  internet  access  service  to new
geographical markets.


Liquidity

     At December 31, 1996, the Company's  total current  assets were  $1,812,944
and its total current  liabilities  were  $2,509,157  for a net working  capital
deficit of $696,213.


                                      -10-
<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



     The Company has been  working to satisfy  its cash  requirements  through a
combination of cash flow from  operations  and  borrowings  from banks and other
third parties. In September 1996, the Company entered into a loan agreement with
a lender for $500,000 in "bridge" financing.  The loan bears interest at 18% per
annum and is secured by all assets,  tangible and  intangible,  including  trade
secrets,  either  now owned or  hereafter  acquired,  of the  Company.  Personal
guaranties of the obligations of the Company under the bridge loan were provided
by the Company's  former Chief Executive  Officer and President.  The Company is
obligated under the loan to make interest payments of $7,500 on each of November
1 and  December  1, 1996 and  January 1, 1997.  The  entire  principal  balance,
together with all outstanding  accrued  interest is due and payable on or before
the  earlier  of: 1) January 1, 1997 or 2) the  closing of an offering of common
stock and/or warrants in an amount greater than $2,000,000. The Company extended
the due  date to  April  1,  1997,  in  accordance  with  the  terms of the loan
agreements. Per the terms of this agreement, the Company will pay extension fees
of $5,000 on or before  January 1, 1997,  $7,500 on or before  February 1, 1997,
and $10,000 on or before March 1, 1997, in addition to the interest due.

     In November 1996,  the Company  entered into a letter  agreement  regarding
potential equity financing  transactions  with Seattle Online Inc., a Washington
corporation,  and a  subsidiary  of American  United  Global,  Inc.,  a Delaware
corporation.  Pursuant to the terms of the agreement,  the Company  entered into
loan  agreements  with  Seattle  Online  Acquisition  Corporation,  a Washington
corporation, and borrowed a total of $82,000. The loan bears interest at 12% per
annum and is due in full on April 10, 1997.

     In December 1996, the Company entered into a loan agreement with members of
the board of  directors  pursuant to which the  directors  made a bridge loan of
$75,000 to the Company to meet the Company's  immediate cash flow  requirements.
The loan bears interest at 12% per annum and is due in full on April 10, 1997.

     The Company currently is in default with respect to payments due to a third
party under a $20,000 promissory note that the Company issued in April 1996. All
principal  and  interest  under the note was due in  October  1996.  The note is
convertible  at the option of the holder  into  common  stock of the  Company at
$2.50 per share.


     The Company  currently is delinquent or in default with respect to payments
owed to trade creditors in the approximate  aggregate  amount of $ 354,233.  The
Company  currently  does not have a line of  credit in place  with a  commercial
lender.

                                      -11-

<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



     The  Company's  cash from  operations  is not  sufficient  to fund budgeted
operations.  The  Company  requires  additional  financing  in order to fund its
operating plan and budget and is currently in discussions with several potential
equity financing sources.  The Company also has implemented a restructuring plan
designed to reduce expenses and improve  profitability of operations.  As a part
of this plan, the Company  reduced its total employees from 39 to 24 in December
1996.  There is no  assurance,  however,  that  these  measures  will  result in
profitable  operations or that additional equity capital will be raised on terms
that are  favorable  to the  Company.  If the  Company is unable to  implement a
successful restructuring and raise additional capital, the Company may be unable
to continue operations.

                                      -12-

<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



                           PART II. OTHER INFORMATION

                            ITEM 1. LEGAL PROCEEDINGS

     On November  21, 1996,  the Company was advised that a complaint  was being
prepared in the Superior Court of the State of Washington, in and for the County
of Chelan, by Mr. E. Gus Noyd and Laura Jean Noyd,  husband and wife, a previous
landlord,  against the Company for a default  judgment in the matter of vacating
Mr. Noyd's  premises and  defaulting on the then current  lease  agreement.  The
Noyds had determined that the default amount totals $124,822.90. The Company has
reviewed the matter with its legal counsel and believes that the amount owed the
Noyds does not exceed  $25,000,  and is  attempting to negotiate a resolution of
the disputes. In the event that a settlement is not reached, the Company intends
to vigorously  defend the complaint.  However,  the Company is unable to predict
the outcome of this action.

     On December 20, 1996, the Company was served with a complaint  filed in the
District  Court for the State of Washington in and for the County of Chelan by a
trade vendor whose  complaint is for monies due in the total of  $3,664.47.  The
Company  has  reviewed  the  matter  with legal  counsel  and is  attempting  to
negotiate a  resolution  of the  dispute.  However,  if the Company  were not to
prevail,  a  negative  outcome  with  respect  to the law suit  would not have a
material adverse effect on the business of the Company.


                                      -13-

<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



                            ITEM 5. OTHER INFORMATION


                                      -14-
<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



                    ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.


     On December  20,  1996,  the  Company  filed a Form 8-K  reporting  certain
changes in the  membership of the  Company's  board of directors and certain key
mangement positions.



                                      -15-
<PAGE>


                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



                                   SIGNATURES

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


JUNGLE STREET, INC.


                                      GREGORY K. MARTIN
Date:  February 14, 1997              -----------------------------------------
                                      Gregory K. Martin, President




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                               JUNGLE STREET, INC
              including the accounts of its wholly-owned subsidiary
                             Televar Northwest, Inc.



                                  EXHIBIT INDEX



Exhibit Number                  Description                     Sequential Page

     27                    Financial Data Schedule                      15


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