<Page>

================================================================================




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


                                    FORM 10-Q


                 (X) QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2002

                                       OR

                ( ) TRANSITION REPORT UNDER SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                           COMMISSION FILE NO. 1-10588

                           WIRELESS WEBCONNECT!, INC.
             (Exact name of registrant as specified in its charter)


               Delaware                                   75-1993841
   (STATE OR OTHER JURISDICTION OF                     (I.R.S. EMPLOYER
    INCORPORATION OR ORGANIZATION)                  IDENTIFICATION NUMBER)



                     2435 N. CENTRAL EXPRESSWAY, SUITE 600
                              RICHARDSON, TX 75080
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (972) 744-2900
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)


  Indicate by check mark whether the Registrant (1) has filed all reports to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports) and (2) has been subject to such filing requirements for
the past 90 days.

         Yes                                          No  X
             ---                                         ---

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


<Table>
<Caption>

                                                          Outstanding at
               Class                                       June 3, 2002
     ---------------------------                          --------------
     <S>                                                  <C>
     Common Stock $.01 par value                            14,891,500
      Preferred $.01 par value                                24,000

</Table>

================================================================================

<Page>

INDEX

WIRELESS WEBCONNECT!, INC.

PART I.  FINANCIAL INFORMATION


<Table>

     <S>                                                                                                         <C>
     Item 1.      Financial Statements

                  Balance Sheets at March 31, 2002 (Unaudited) and December 31, 2001............................  3

                  Statements of Operations (Unaudited) for the three months
                   ended March 31, 2002 and 2001................................................................  4

                  Statement of Stockholders' Deficit for the three months ended
                   March 31, 2002 (Unaudited)...................................................................  5

                  Statements of Cash Flows (Unaudited) for the three months
                   ended March 31, 2002 and 2001................................................................  6

                  Notes to Financial Statements (Unaudited) ....................................................  7


     Item 2.      Management's Discussion and Analysis of
                  Financial Condition and Results of Operations................................................. 12

     Item 3.      Quantitative and Qualitative Disclosures
                  About Market Risk ............................................................................ 13


PART II.          OTHER INFORMATION

     Item 1.      Legal Proceedings ............................................................................ 14

     Item 2.      Changes in Securities and Use of Proceeds..................................................... 14

     Item 4.      Submission of Matters to a Vote
                  of Security Holders........................................................................... 14

     Item 6.      Exhibits and Reports on Form 8-K.............................................................. 15

     Signatures   .............................................................................................. 16

</Table>

                                                   -2-

<Page>

                                       WIRELESS WEBCONNECT!, INC.
                                  (FORMERLY KNOWN AS INTELLICALL, INC.)
                                       CONSOLIDATED BALANCE SHEETS


<Table>
<Caption>

                                                                                                 MARCH 31,     DECEMBER, 31
                                                                                                   2002            2001
                                                                                               (Unaudited)
<S>                                                                                            <C>             <C>
                                       ASSETS


Current assets:
  Cash.............................................................................          $     30,000    $         --
  Prepaid expenses and other current assets........................................                38,628          47,876
                                                                                             ------------    ------------
       Total current assets........................................................                68,628          47,876

Investments........................................................................               319,853         319,853
Other assets, net..................................................................                    --          53,177
Assets of discontinued operations..................................................                    --         684,503
                                                                                             ------------    ------------
          Total assets.............................................................          $    388,481    $  1,105,409
                                                                                             ============    ============


                        LIABILITIES AND STOCKHOLDERS' DEFICIT


Current liabilities:
  Accounts payable and accrued expenses............................................          $    563,413    $    660,229
                                                                                             ------------    ------------
       Total current liabilities...................................................               563,413         660,229

Long-term debt to related party, net...............................................                    --       1,918,200
Liabilities of discontinued operations.............................................                    --       8,620,235
                                                                                             ------------    ------------
          Total liabilities........................................................               563,413      11,198,664
                                                                                             ------------    ------------

Commitments and contingencies

Stockholders' deficit:
  Series B convertible preferred stock, $.01 par value:1,000,000 shares
  authorized; 24,000 issued and outstanding at March 31, 2002, none issued and
  outstanding at December 31, 2001.................................................                   240              --
  Common stock, $.01 par value; 60,000,000 shares authorized; 35,386,459 issued
  and outstanding at March 31, 2002 and December 31, 2001..........................               353,849         353,849
  Additional paid-in capital.......................................................            11,238,183       1,084,053
  Treasury stock, at cost; 74,908 shares...........................................              (317,421)       (317,421)
  Retained deficit.................................................................           (11,449,783)    (11,213,736)
                                                                                             ------------    ------------
          Total stockholders' deficit..............................................              (174,932)    (10,093,255)
                                                                                             ------------    ------------

           Total liabilities and stockholders' deficit.............................          $    388,481    $  1,105,409
                                                                                             ============    ============



                          See accompanying notes to the consolidated financial statements

</Table>


                                                   -3-

<Page>




                           WIRELESS WEBCONNECT!, INC.
                      (FORMERLY KNOWN AS INTELLICALL, INC.)
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                   THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                   (UNAUDITED)

<Table>
<Caption>
                                                                            2002             2001
                                                                            ----             ----
<S>                                                                     <C>              <C>

Operating expenses:
  General and administrative.........................                   $   36,824       $       --
                                                                        ----------       ----------
     Total operating expenses........................                       36,824               --
                                                                        ----------       ----------

Operating loss from continuing operations............                      (36,824)              --
                                                                        ----------       ----------

Other income (expense):
    Interest expense.................................                      (38,653)              --
    Other income (expense), net......................                        9,474          (67,000)
                                                                        ----------       ----------
     Total other income (expense)....................                      (29,179)         (67,000)
                                                                        ----------       ----------

Loss from continuing operations before income taxes..                      (66,003)         (67,000)
Income tax benefit ..................................                           --               --
                                                                        ----------       ----------
Loss from continuing operations......................                      (66,003)         (67,000)
Loss from discontinued operations....................                     (170,044)        (663,800)
                                                                        ----------       ----------

Net loss ............................................                   $ (236,047)      $ (730,800)
                                                                        ==========       ==========

Loss per common share from continuing operations - basic
  and diluted........................................                   $       --       $     (.09)
                                                                        ==========       ==========

Loss per common share from discontinued operations - basic
  and diluted........................................                   $     (.01)      $     (.84)
                                                                        ==========       ==========

Net loss per common share - basic and diluted........                   $     (.01)      $     (.93)
                                                                        ==========       ==========

Weighted average common shares outstanding - basic and
  diluted............................................                   35,386,459          784,479
                                                                        ==========       ==========

</Table>

                See accompanying notes to the consolidated financial statements




<Page>


<Table>
<Caption>


                                                    WIRELESS WEBCONNECT!, INC.
                                               (FORMERLY KNOWN AS INTELLICALL, INC.)
                                  CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT
                                                  THREE MONTHS ENDED MARCH 31, 2002
                                                              (UNAUDITED)


                                        COMMON STOCK    PREFERRED STOCK   TREASURY STOCK    ADDITIONAL
                                        ------------    ---------------   --------------      PAID-IN       RETAINED
                                      SHARES   AMOUNT   SHARES  AMOUNT   SHARES    AMOUNT     CAPITAL        DEFICIT        TOTAL
                                      ------   ------   ------  ------   ------    ------     -------        -------        -----
<S>                                <C>        <C>       <C>     <C>      <C>    <C>        <C>          <C>            <C>

Balance at December 31, 2001.....  35,386,459 $353,849       --    $ --  74,908 $(317,421) $ 1,084,053  $(11,213,736)  $(10,093,255)

Divestiture of WWC Florida.......                                                            8,169,028                    8,169,028

Conversion of related party debt
  to preferred stock ............                        24,000     240                      1,985,102                    1,985,342
Net loss.........................          --       --       --      --      --        --           --      (236,047)      (236,047)
                                   ---------- --------   ------    ----  ------ ---------  -----------  ------------   ------------
Balance at March 31, 2002........  35,386,459 $353,849   24,000    $240  74,908 $(317,421) $11,238,183  $(11,449,783)  $   (174,932)
                                   ========== ========   ======    ====  ====== =========  ===========  ============   ============

</Table>













                See accompanying notes to the consolidated financial statements


                                       -5-
<Page>





                           WIRELESS WEBCONNECT!, INC.
                      (FORMERLY KNOWN AS INTELLICALL, INC.)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                   THREE MONTHS ENDED MARCH 31, 2002 AND 2001
                                   (UNAUDITED)

<Table>
<Caption>

                                                                                    2002            2001
                                                                                  --------        --------
<S>                                                                             <C>             <C>

Operating activities:
  Net loss.................................................                     $(236,047)      $(730,800)
  Adjustments to reconcile net loss from continuing
       operations to net cash provided by operating activities:
    Loss from discontinued operations......................                        170,044         663,800
  Amortization of deferred loan costs......................                          4,338              --
  Amortization of debt discount............................                          6,962              --
  Amendment to warrants - merger costs.....................                             --          67,000
   Changes in operating assets and liabilities:
  Increase in accounts payable.............................                         45,455              --
  Decrease in prepaid expenses and other current assets....                          9,248              --
                                                                                ----------      ----------
  Net cash used in operating activities....................                             --              --
                                                                                ----------      ----------

Investing activities:
  Cash received from divestiture of WWC Florida............                         30,000              --
                                                                                ----------      ----------
  Net cash provided by investing activities................                         30,000              --
                                                                                ----------      ----------

Net increase in cash.......................................                         30,000              --
Cash, beginning of period..................................                             --              --
                                                                                ----------      ----------
Cash, end of period........................................                     $   30,000      $       --
                                                                                ==========      ==========

Supplemental cash flow information:
  Cash paid for interest...................................                     $       --      $       --
                                                                                ==========      ==========
  Cash paid for income taxes...............................                     $       --      $       --
                                                                                ==========      ==========

Non-cash investing and financing activities:
  Issuance of stock to effect the merger (net of cash acquired)                 $       --      $ (209,000)
                                                                                ==========      ==========
  Divestiture of WWC Florida - increase in additional
  paid-in capital..........................................                     $8,169,028      $       --
                                                                                ==========      ==========
  Conversion of related party debt to preferred stock......                     $1,283,655      $       --
                                                                                ==========      ==========

</Table>

                See accompanying notes to the consolidated financial statements

                                             -6-

<Page>

                           WIRELESS WEBCONNECT!, INC.
                      (FORMERLY KNOWN AS INTELLICALL, INC.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001

NOTE 1 -- BASIS OF PRESENTATION, MERGER, BUSINESS AND GOING CONCERN

         In February 2002, Wireless WebConnect!, Inc. ("WWC" or the "Company")
(formerly known as Intellicall, Inc.), announced that it had commenced a
restructuring plan. Under the first phase of this restructuring plan, WWC sold
all of the stock of its wholly-owned subsidiary, Wireless WebConnect!, Inc., a
Florida corporation ("WWC Florida"), to E-Home.com, Inc., a Texas corporation
doing business as HomeMark ("HomeMark"), in exchange for $20,000. In turn,
HomeMark exchanged the stock of WWC Florida with the former shareholders of WWC
Florida for 20,494,959 shares of WWC common stock held by such persons (the "WWC
Shares"). As a result, HomeMark acquired control of WWC through their holding of
approximately 60% of the voting securities of the Company. WWC also received an
option from HomeMark to purchase the WWC Shares from HomeMark for $20,000.

         At January 31, 2002, intercompany indebtedness between the Company and
WWC Florida consisted of $1,011,200 owed by WWC Florida to the Company and
$977,741 owed by the Company to WWC Florida. The Company and WWC Florida agreed
to cancel all intercompany indebtedness and WWC Florida paid the Company
$30,000. The Company and WWC Florida also agreed that in the event of a
bankruptcy of the Company or WWC Florida, if the bankruptcy court were to
rescind the cancellations of the intercompany indebtedness between the Company
and WWC Florida, such cancellations shall be considered null and void.

         In connection with the restructuring, all of the directors of the
Company designated by the former WWC Florida shareholders have resigned from the
WWC Board of Directors, leaving William O. Hunt, John J. McDonald and Richard F.
Dahlson as the remaining directors (the "Remaining Directors"). In addition to
serving as Chairman of the Board for the Company, Mr. McDonald is the Company's
Chief Executive Officer, Chief Financial Officer and President.

         The above transactions resulted in an unwinding of the previous merger
of WWC and WWC Florida (see WWC FLORIDA MERGER). Since the bankruptcy of
Metricom, Inc. and subsequent shut-down of the Ricochet network in July and
August 2001, WWC Florida has had virtually no revenue. At December 31, 2001, WWC
Florida had a stockholders' deficit of over $8 million. The Remaining Directors
felt that WWC Florida was not financially viable and were in disagreement with
the WWC Florida-designated directors as to the course of action to take with WWC
Florida. Given this situation, the Remaining Directors believed it was in the
best interests of WWC, its creditors and its stockholders to complete the
divestiture of WWC Florida. The WWC Board of Directors and a majority of its
stockholders approved this transaction. WWC's major creditor, Banca Del Gottardo
("Banca"), also approved this transaction.

         In June 1999, WWC issued 7% Convertible Notes in the aggregate
principal amount of $2.0 million (the "Notes"). In connection with the Notes,
WWC issued to Banca warrants to purchase approximately 856,000 shares of WWC's
common stock. In March 2002, Banca agreed to convert the Notes, all accrued and
unpaid interest on the Notes and all outstanding warrants into 24,000 shares of
Series B Convertible Preferred Stock of the Company ("Series B Preferred
Stock").

         On May 10, 2002, the Company acquired the WWC Shares from HomeMark
pursuant to the above described option with HomeMark in exchange for the
cancellation of the $20,000 payable by HomeMark to the Company. As a result of
the exercise of this option in May 2002, Banca del Gottardo, through its holding
24,000 shares of Series B Preferred Stock representing approximately 62% of the
outstanding voting securities of WWC, now controls the Company.

         On May 10, 2002, the previously announced reverse merger agreement with
HomeMark was terminated. The Company has determined not to entertain any further
discussions regarding the acquisition of HomeMark at this time, although it is
still the intent of the board of directors to look for an attractive reverse
merger candidate. WWC currently has no operations.

                                     -7-

<Page>

                           WIRELESS WEBCONNECT!, INC.
                      (FORMERLY KNOWN AS INTELLICALL, INC.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001

NOTE 1 -- BASIS OF PRESENTATION, MERGER, BUSINESS AND GOING CONCERN (CONTINUED)

WWC FLORIDA MERGER

         On March 30, 2001, WWC Acquisition, Inc., a Florida corporation and
wholly-owned subsidiary of the Company, merged with and into WWC Florida,
pursuant to the Agreement and Plan of Merger, as amended, dated August 29, 2000,
by and among the Company, WWC Florida, the shareholders of WWC Florida and WWC
Acquisition, Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement,
WWC Florida emerged as a wholly-owned subsidiary of the Company. The Company's
stockholders approved the issuance of 21,803,148 shares of common stock to the
former shareholders of WWC Florida (the "Former Shareholders"). As a result of
the merger, the Former Shareholders acquired control of the Company through
their aggregate holdings of approximately 62.5% of the voting securities of the
Company. In April 2001, the Company changed its name from Intellicall, Inc. to
Wireless WebConnect!, Inc.

         WWC Florida was considered the accounting acquirer since the Former
Shareholders controlled the Company through their holdings of approximately
62.5% of the combined outstanding shares of Common Stock and controlled the
Company's Board of Directors. Because the Company was the legal acquirer, this
was considered a "reverse acquisition." In addition, on March 15, 2001, the
former employees of WWC Florida who became employees of the Company received
options to purchase an aggregate of 1.8 million shares of Common Stock under the
Company's 1991 Stock Option Plan. As of March 31, 2002, as a result of the
unwinding of the merger, none of these options remain outstanding.

         Certain warrants outstanding prior to the Merger that were issued to
Banca, were amended as a result of the Merger. The increase in the fair value of
such warrants as a result of the amendments was $67,000, which has been recorded
as an expense of the Merger and additional paid-in capital.

         The Company disposed of Intellicall's remaining payphone business
operations in August 2001. The merger has been accounted for as an acquisition
of the net assets of Intellicall in exchange for stock, similar to a
recapitalization of WWC Florida. The financial information for the periods
presented are the historical results of WWC Florida. The assets acquired and
liabilities assumed have been recorded at their estimated fair value on the date
of acquisition, March 30, 2001, with a corresponding entry to equity for the
shares issued. The net assets acquired are as follows (in thousands):


<Table>

         <S>                                                          <C>
         Assets:
           Cash                                                         706
           Accounts receivable..............................            387
           Note receivable from WWC Florida.................          1,011
           Other current assets ............................             95
           Assets held for sale.............................            950
           Other assets.....................................            475
                                                                     ------
                 Total assets...............................          3,624
                                                                     ------

         Liabilities:
           Accounts payable.................................          1,056
           Accrued liabilities..............................            178
           Long-term debt to related party..................          1,893
                                                                     ------
                Total liabilities...........................          3,127
                                                                     ------

                     Net assets.............................         $  497
                                                                     ======

</Table>

                                     -8-

<Page>

                            WIRELESS WEBCONNECT! INC.
                      (FORMERLY KNOWN AS INTELLICALL, INC.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001

NOTE 1 -- BASIS OF PRESENTATION, MERGER, BUSINESS AND GOING CONCERN (CONTINUED)

BUSINESS AND GOING CONCERN

         WWC currently has no operations. It is the intent of the Remaining
Directors to restructure and/or settle the liabilities owed by WWC and to look
for an attractive reverse merger candidate.

         In connection with the restructuring, in March 2002, Banca converted
all of its debt, accrued interest and all common stock warrants into preferred
stock of the Company (see NOTE 4). The Company is currently in negotiations with
its trade creditors to settle its remaining obligations.

         In the event that the Company is unable to find an attractive merger
candidate or significant sources of revenue or to obtain additional capital in
the very near future, the Company is unlikely to be able to meet its financial
obligations and commitments or to continue as a going business concern. The
likely impact on the Company's financial condition is that the Company may be
required to seek protection from its creditors under the United States
Bankruptcy Code. Any filing by the Company under the United States Bankruptcy
Code would likely seek a liquidation of the Company.


NOTE 2-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         QUARTERLY REPORTING - Certain information and footnote disclosures
normally included in financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted pursuant to
Article 10 of Regulation S-X of the Securities and Exchange Commission. The
accompanying unaudited condensed financial statements reflect, in the opinion of
management, all adjustments necessary to achieve a fair statement of the
Company's financial position and results of operations for the interim periods
presented. All such adjustments are of a normal and recurring nature. These
condensed financial statements should be read in conjunction with the financial
statements for the year ended December 31, 2001, included in the Company's
Annual Report on Form 10-K.

         BASIC AND DILUTED NET INCOME (LOSS) PER SHARE - Basic earnings per
share is computed using the weighted average number of shares of Common Stock
outstanding and excludes any dilutive effects of options, warrants and
convertible securities. Diluted earnings per common share is the same as basic
earnings per common share for the three months ended March 31, 2002, due to
the net loss. As of March 31, 2002, the Company had 2.1 million and .5 million
of outstanding common stock options and warrants to purchase common stock,
respectively.

         RECENT ACCOUNTING PRONOUNCEMENTS - Statement of Financial Accounting
Standards No. 141, Business Combinations ("SFAS 141"), is effective July 1, 2001
and prohibits pooling-of-interests accounting for acquisitions. Statement of
Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets
("SFAS 142"), is effective January 1, 2002 and includes requirements to test
goodwill and indefinite lived intangible assets for impairment rather than
amortize them. In addition, the standard includes provisions for the
reclassification of certain existing recognized intangibles as goodwill,
reassessment of the useful lives of existing recognized intangibles,
reclassification of certain intangibles out of previously reported goodwill and
the identification of reporting units for purposes of assessing future
impairments of goodwill. Adoption of SFAS 141 and SFAS 142 did not have a
material impact on the Company's financial position, results of operations or
cash flows.

                                     -9-

<Page>

                            WIRELESS WEBCONNECT! INC.
                      (FORMERLY KNOWN AS INTELLICALL, INC.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001


NOTE 2 -- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

         In August 2001, the Financial Accounting Standards Board issued
Statement of Financial Standards No. 144 ("SFAS 144"), "Accounting for the
Impairment or Disposal of Long-Lived Assets." SFAS retains the fundamental
provisions of generally accepted accounting principles with respect to the
recognition and measurement of long-lived asset impairment contained in
Statement of Financial Accounting Standards No. 121 ("SFAS 121"), "Accounting
for the Impairment of Long-Lived Assets and Long-Lived Assets to be Disposed
Of." However, SFAS 144 provides new guidance intended to address certain
significant implementation issues associated with SFAS 121, including expanded
guidance with respect to appropriate cash flows to be used to determine whether
recognition of any long-lived asset impairment is required, and, if required,
how to measure the impairment. SFAS 144 is effective for financial statements
issued for fiscal years beginning after December 15, 2001, and interim periods
within those fiscal years. Adoption of SFAS 144 did not have a material impact
on the Company's financial position, results of operations or cash flows.


NOTE 3 -- DISCONTINUED OPERATIONS

         As a result of the unwinding of the WWC Florida merger (see NOTE 1),
the Company has classified WWC Florida's operations as "Net loss from
Discontinued Operations". WWC Florida provided high-speed wireless data
solutions and generated its revenue as a wireless Internet service reseller
selling services and wireless modems. The condensed summary of operations for
discontinued operations for the three months ended March 31, 2002 and 2001, and
condensed balance sheet data for discontinued operations at December 31, 2001,
is as follows (in thousands):


<Table>
<Caption>

                                                                      2002         2001
                                                                     -----        ------
    <S>                                                              <C>          <C>
    CONDENSED SUMMARY OF OPERATIONS:
        Total revenues.....................................          $  45        $4,096
        Total operating expenses...........................            216         4,760
                                                                     -----        ------
        Operating loss.....................................           (171)         (664)
        Other income, net..................................              1            --
                                                                     -----        ------
        Net loss from discontinued operations..............          $(170)       $ (664)
                                                                     =====        ======

</Table>


<Table>
<Caption>

                                                             DECEMBER 31, 2001
                                                             -----------------
        <S>                                                  <C>
        CONDENSED BALANCE SHEET DATA:
              ASSETS:
               Cash........................................        $  423
               Accounts receivable.........................             2
               Inventory...................................            24
               Prepaid expenses and other current assets...             1
               Property and equipment and other assets ....           235
                                                                   ------
               Net assets of discontinued operations.......        $  685
                                                                   ======
              LIABILITIES:
               Accounts payable and accrued expenses.......        $4,967
               Customer liabilities........................         3,075
               Notes payable...............................           578
                                                                   ------
               Net liabilities of discontinued operations..        $8,620
                                                                   ======

</Table>


                                    -10-

<Page>

                            WIRELESS WEBCONNECT! INC.
                      (FORMERLY KNOWN AS INTELLICALL, INC.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               FOR THE THREE MONTHS ENDED MARCH 31, 2002 AND 2001


NOTE 4 -- LONG-TERM DEBT TO RELATED PARTY AND EARLY EXTINGUISHMENT OF DEBT:

         The Company's debt as of December 31, 2001, consisted of the following
         (in thousands):


<Table>

       <S>                                                                                           <C>
       7% Convertible subordinated notes, due 2004 to Banca del Gottardo..................           $ 2,000
       Less: Unamortized debt discount....................................................               (82)
                                                                                                     -------
                Total long-term debt......................................................           $ 1,918
                                                                                                     =======

</Table>

         On March 12, 2002, Banca converted the $2.0 million, 7% convertible
note, accrued interest and approximately 856,000 common stock warrants into
24,000 shares of the Company's Series B Convertible Preferred Stock. The
transaction was recorded as an increase in preferred stock and additional
paid-in capital given Banca's status as the controlling shareholder of the
Company. The outstanding balances of debt, accrued and unpaid interest and
unamortized debt costs and unamortized discount as of March 11, 2002, were as
follows (in thousands):


<Table>

                   <S>                                         <C>
                   Long-term debt..........................    $2,000
                   Unamortized debt discount...............       (75)
                   Accrued interest........................       109
                   Unamortized debt costs..................       (49)
                                                               ------
                      Net..................................    $1,985
                                                               ======

</Table>

NOTE 5 -- SUBSEQUENT EVENTS

         On May 10, 2002, the Company acquired 20,494,959 shares of its common
stock from E-Home.com, Inc., a Texas Corporation doing business as HomeMark
pursuant to an option received by the Company in connection with its previously
announced divestiture of its wholly-owned subsidiary, Wireless WebConnect!,
Inc., a Florida corporation. The Company acquired the WWC Shares in exchange for
the cancellation of a promissory note in the principal amount of $20,000 payable
by HomeMark to the Company. Prior to the exercise of this option, HomeMark had
control of the Company through their aggregate holdings of approximately 62.5%
of the voting securities of the Company. As a result of the exercise of this
option in May 2002, Banca, though holding 24,000 shares of Series B Preferred
Stock representing approximately 62% of the outstanding voting securities of the
Company, now has control of the Company.

         On May 10, 2002, the previously announced reverse merger agreement with
HomeMark expired. The Company has determined not to entertain any further
discussions regarding the acquisition of HomeMark at this time, although it is
still the intent of the board of directors to look for an attractive reverse
merger candidate.

                                    -11-

<Page>

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

FORWARD-LOOKING STATEMENTS-CAUTIONARY STATEMENTS

         This Form 10-K contains certain "forward-looking statements" that we
believe are within the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"), and Section 21E of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"). Specifically, all statements other
than statements of historical facts included in this report regarding the
Company's financial position, business strategy and plans and objectives of
management of the Company for future operations are forward-looking statements.
These forward-looking statements are based on the beliefs of the Company's
management, as well as assumptions made by and information currently available
to the Company's management. When used in this report, the words "anticipate,"
"believe," "estimate," "expect," "intend", and words or phrases of similar
import, as they relate to the Company or Company management, are intended to
identify forward-looking statements. Such statements (the "cautionary
statements") reflect the current view of the Company with respect to future
events and are subject to risks, uncertainties and assumptions related to
various factors including, without limitation, competitive factors, general
economic conditions, the interest rate environment, governmental regulation and
supervision, and one-time events. Although the Company believes that
expectations are reasonable, it can give no assurance that such expectations
will prove to be correct. Based upon changing conditions, should any one or more
of these risks or uncertainties materialize, or should any underlying
assumptions prove incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected or intended. All
subsequent written and oral forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by the applicable cautionary statements. The Company's future operating
results are subject to a number of risks and uncertainties.


RESULTS OF OPERATIONS
---------------------

         The following discussion of the financial condition and results of
operations of the Company should be read in conjunction with the Financial
Statements of the Company, the Notes thereto and information included elsewhere
in this report. It should also be noted that since WWC Florida was not a public
entity before it was merged with the Company and the merger was subsequently
unwound, all of the results of operations for WWC Florida for the three months
ended March 31, 2002 and 2001 are reflected in net loss from discontinued
operations.

         GENERAL AND ADMINISTRATIVE. General and administrative expense of
$36,824 for the three months ended March 31, 2002, represents directors and
officers insurance and minimal administrative costs including contract labor.

         INTEREST EXPENSE. Interest expense of $38,653 for the three months
ended March 31, 2002, represents interest on the Banca debt, the related
amortization of debt costs and debt discount to March 12, 2002, the date of the
conversion to preferred stock.

         OTHER INCOME (EXPENSE). Other income for the three months ended March
31, 2002, represents, primarily, dividend income from the 3,000 shares of Series
B preferred stock in ILD Telecommunications, Inc.

         LOSS FROM DISCONTINUED OPERATIONS. The loss from discontinued
operations for the three months ended March 31, 2002, was $170,044 compared to a
loss from discontinued operations of $663,800 for the three months ended March
31, 2001. The decrease in the loss from 2001 to 2002 reflects the wind down of
operations of WWC Florida as a result of the Metricom, Inc. bankruptcy filing in
July 2001 and the subsequent shut down the Ricochet network in August 2001.

                                    -12-

<Page>

LIQUIDITY AND CAPITAL RESOURCES

         WWC currently has no operations. It is the intent of the Remaining
Directors to look for an attractive reverse merger candidate. The Company is
currently in negotiations with its trade creditors to settle its remaining
obligations.

         In the event that the Company is unable to find an attractive merger
candidate or significant sources of revenue or to obtain additional capital in
the very near future, the Company is unlikely to be able to meet its financial
obligations and commitments or to continue as a going business concern. The
likely impact on the Company's financial condition is that the Company may be
required to seek protection from its creditors under the United States
Bankruptcy Code. Any filing by the Company under the United States Bankruptcy
Code would likely seek a liquidation of the Company.



ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         The Company has no market risk exposure related to interest rates,
derivative financial instruments or foreign currency.




















                                    -13-

<Page>

                                     PART II


ITEM 1. LEGAL PROCEEDINGS.

         The Company is subject to ordinary legal proceedings incidental to and
arising in the normal course of its business. It is the opinion of the
management of the Company that the ultimate disposition of these proceedings
will not have a material adverse effect on the Company's financial position or
results of operations.

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS.

         None.

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

         None.




























                                    -14-

<Page>

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Exhibits.

         The following exhibits are filed as a part of this Quarterly Report on
         Form 10-Q.

(g)2.1  Stock Purchase and Exchange Agreement, dated as of February 1, 2002,
        entered into by and among Wireless WebConnect!, Inc., a Delaware
        corporation, E-Home.com, Inc., a Texas corporation doing business as
        HomeMark, the undersigned stockholders of Parent, and Wireless
        WebConnect!, Inc., a Florida corporation.

(e)2.2  Agreement and Plan of Merger by and between the Company, WWC
        Acquisition, Inc. and Wireless WebConnect!, Inc. dated August 29, 2000.

(h)2.3  Business Relationship Restructuring Agreement dated as of March 2002,
        by and between Wireless WebConnect!, Inc. and Banca del Gottardo.

(a)3.1  Certificate of Incorporation of the Company and all amendments thereto
        through December 31, 1992.

(c)3.2  Amendment to Certificate of Incorporation raising the authorized
        common stock from 10,000,000 shares to 50,000,000 shares.

(d)3.3  Amendment to Certificate of Incorporation lowering the authorized
        common stock from 50,000,000 shares to 20,000,000 shares.

(b)3.4  Bylaws of the Company, as amended.

(f)3.5  Articles of Amendment of the Certificate of Incorporation of
        Intellicall, Inc. changing the name to Wireless WebConnect!, Inc. and
        raising the total number of authorized shares to 61,000,000
        (60,000,000 million shares of common stock and 1,000,000 shares of
        preferred stock).

(h)3.6  Certificate of Designations, Preferences, Rights and Limitations of
        Series B Convertible Preferred Stock of Wireless WebConnect, Inc.

(a)4.1  Specimen certificate for Common Stock of the Company.

-----------


(a)     Incorporated by reference from the Company's Form S-1 filed August 28,
        1987, file no. 33-15723.
(b)     Incorporated by reference from the Company's Annual Report on Form 10-K
        for the fiscal year ended December 31, 1991.
(c)     Incorporated by reference from the Company's Annual Report on Form 10-K
        for the fiscal year ended December 31, 1993.
(d)     Incorporated by reference from the Company's Annual Report on Form 10-K
        for the fiscal year ended December 31, 1995.
(e)     Incorporated by reference from the Company's Definitive Proxy Statement
        filed on Form DEFM14A on February 14, 2001.
(e)     Incorporated by reference from the Company's Definitive Proxy Statement
        filed on Form DEFM14A on February 14, 2001.
(f)     Incorporated by reference from the Company's Quarterly Report on Form
        10-Q for the three months ended March 31, 2001.
(g)     Incorporated by reference from the Company's Current Report on Form 8-K
        filed on February 14, 2002.
(h)     Incorporated by reference to the Company's Annual Report on Form 10-K
        for the fiscal year ended December 31, 2001.



         (b)      Reports on Form 8-K:

         Changes in Control of Registrant and Other Events filed May 10, 2002.




                                    -15-

<Page>

Signatures

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


                                          WIRELESS WEBCONNECT!, INC.



                                   /s/ John J. McDonald
                                   ---------------------------------------------
                                      John J. McDonald
                                      CHAIRMAN OF THE BOARD AND CHIEF EXECUTIVE
                                      OFFICER (Principal Executive and Financial
                                      Officer)



Date:  June 17, 2002






















                                    -16-