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


                                   FORM 10-QSB


(Mark One)

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

               For the quarterly period ended           3/31/2000
                                                   -----------------------------

   [ ]         TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
               For the transition period from                to
                                               -------------    ----------------

                        Commission file number        000-25735
                                              --------------------------


                           IQROM Communications, Inc.
 ------------------------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


                 Nevada                                    88-0370480
---------------------------------              ---------------------------------
 (State or other jurisdiction of               (IRS Employer Identification No.)
 incorporation or organization)

           7635 Ashley Park Court, Suite 503V, Orlando, Florida 32835
    ------------------------------------------------------------------------
                    (Address of principal executive offices)

                               ( 407 ) 299-2230
                         -----------------------------
                           (Issuer's telephone number)

                  Hiking Adventures, Inc., 114 Magnolia Street,
                   Suite 400-127, Bellingham, Washington 98225
    ------------------------------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report)


<PAGE>


                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 l2, 13 or 15(d) of the Exchange Act after the distribution of
securities under a plan confirmed by a 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:

                                   21,653,378
       ------------------------------------------------------------------
   Transitional Small Business Disclosure Format (Check one): Yes [ ] No [x]


                         PART I -- FINANCIAL INFORMATION
Item 1. Financial Statements.
                             Hiking Adventures, Inc.
                          (A Development Stage Company)

                                  Balance Sheet
                                 March 31, 2000

                                             March 31, 2000    December 31, 1999
                                               (UNAUDITED)
Assets

Current Assets
     Cash                                         $  57,665           $  25,964
     Accounts Receivable                              5,726               5,726
                                                  ---------           ---------
Total Current Assets                                 63,391              31,690
Property and equipment, net                           1,050               1,050
Organization costs, net                                 123                 144
                                                  ---------           ---------
Total Assets                                      $  64,564           $  32,884

Liabilities and Stockholder's Equity
Current Liabilities
     Accounts Payable                             $   1,390           $   1,390
     Accrued Expenses                                50,000                   0
     Notes Payable                                  100,000                   0
                                                  ---------           ---------

Total Current Liabilities                           151,390               1,390

Stockholders Equity
      Common Stock, $0.001 par
      value, authorized 50,000,000
      shares; issued and outstanding,
      10,000,000 shares                                 800                 800

      Additional Paid-In Capital                     44,192              44,192

      Deficit accumulated during
      Development stage                            (131,818)            (13,498)
                                                  ---------           ---------
Total Stockholders Equity                           (86,826)             31,494

Total Liabilities and Stockholders' Equity        $  64,564           $  32,884


                 See accompanying notes to financial statements.

<PAGE>

                             Hiking Adventures, Inc.
                          (A Development Stage Company)
                             Statement of Operations
                                   (Unaudited)


                                          For the Three month period ended
                                          --------------------------------

INCOME                                    March 31, 2000   March 31, 1999
------                                    --------------   --------------
Revenue                                    $          0     $          0
                                           ------------     ------------

    Total Income                                      0                0

EXPENSES
General & administrative                        118,299            1,273
Amortization and depreciation                        21               96
                                           ------------     ------------
    Total expenses                              118,320            1,369

Net loss                                   ($   118,320)    ($     1,369)

Net loss per share, basic and diluted      ($      0.01)    ($      0.00)

Weighted average number of
    Shares outstanding-basic and diluted     10,000,000      10,000,000


                  See accompanying notes to financial statements.


<PAGE>

                            Hiking Adventures, Inc.
                         (A Development Stage Company)
                            Statements of Cash Flows
                                  (Unaudited)
                                 March 31, 2000


                                               For the three month period ending
                                               ---------------------------------

                                               March 31, 2000     March 31, 1999
                                               --------------     --------------

Cash flows from operating activities:

    Net loss                                      ($118,320)          ($1,369)

    Amortization and depreciation                        21                94
    Increase in accounts receivable                       0           (25,725)
    Increase in accrued expenses                     50,000                 0
                                                  ---------         ---------

Net cash used in operating activities               (68,299)          (27,000)

Cash flows from financing activities:
    Proceeds from notes payable                     100,000                 0
                                                  ---------         ---------

Net cash provided by financing activities           100,000                 0

Net increase (or decrease) in cash                   31,701           (27,000)

Cash at beginning of period                          25,964            27,084
                                                  ---------         ---------

Cash at end of period                             $  57,665         $      84


                 See accompanying notes to financial statements




<PAGE>



                             Hiking Adventures, Inc.
                          (A Development Stage Company)

                          Notes to Financial Statements
                                 March 31, 2000

Note 1 - Summary of Significant Accounting Policies.

                  The accompanying unaudited, consolidated financial statements
         have been prepared in accordance with generally accepted accounting
         principles for interim financial information in response to the
         requirements of Article 10 of Regulation S-X. Accordingly, they do not
         contain all of the information and footnotes required by generally
         accepted accounting principles for complete financial statements. In
         the opinion of management, the accompanying unaudited, consolidated
         financial statements reflect all adjustments (consisting only of normal
         recurring adjustments) considered necessary for a fair presentation of
         the Company's financial position as of March 31, 2000, and the results
         of its operations and its cash flows for the three months ended March
         31, 2000 and 1999. These financial statements should be read in
         conjunction with our audited financial statements as of December 31,
         1999, including the notes thereto, and the other information included
         in our most recent annual report on Form 10-KSB for the year ended
         December 31, 1999, which was filed with the Securities and Exchange
         Commission, or SEC, on February 11, 2000. The following discussion may
         contain forward looking statements which are subject to the risk
         factors set forth in "Risks and Uncertainties" as stated in Item 2 of
         this Form 10-QSB.

                  Operating results for the three months ended March 31, 2000
         are not necessarily indicative of the operating results that may be
         expected for the year ending December 31, 2000. Certain historical
         accounts have been restated to conform to the current year
         presentation.

                  The Company was organized October 7, 1996 under the corporate
         laws of the State of Nevada, as Hiking Adventures, Inc. (the
         "Company"). The Company is primarily a development stage company in
         accordance with SFAS #7, and has no material operations. The Company is
         in the business of publishing and marketing a collection of hiking
         trail guides. The Company also plans to research the feasibility and
         marketing appeal of electronically providing hiking information
         services to hikers.

         On July 7, 1998, the Company successfully completed an offering of its
         common stock under Regulation D, Rule 504 of the Securities Act of 1933
         for 600,000 common shares of stock at $0.001 per share for $30,000.

                  The Company has not determined its accounting policies and
procedures, except as follows: 1. The Company uses the accrual method of
accounting. 2. Net loss per share is provided in accordance with Statement of
Financial Accounting Standards No. 128 (SFAS No. 128) "Earnings Per Share".
Basic loss per share is computed by dividing losses available to common
stockholders by the weighted average number of common shares outstanding during
the period. Diluted loss per share reflects per share amounts that would have
resulted if dilutive common stock equivalents had been converted to common
stock. No stock options were available or granted during the periods presented.
Accordingly, basic and diluted loss per share are the same for all periods
presented. 3. Organization costs of $415 are being amortized over a period of
sixty (60) months commencing October 18, 1996. 4. Fixed assets are stated at
cost and are being depreciated over a period of five years using the straight
line method of depreciation.

<PAGE>

5.       The Company has not yet adopted any policy regarding payment of
         dividends.  No dividends have been paid since inception.

Note 2 - Stock split.

         On March 1, 2000, the Company announced that its Board of Directors had
         approved a 12.5/1 split of its issued and outstanding shares of common
         stock. Shareholders of record as of March 2, 2000 participated in this
         split. All share and per share figures have been adjusted to reflect
         this split.

Note 3 - Acquisition of DXP New Media Services, Inc.

         On March 17, 2000, the Company announced that it had entered into a
         letter of intent to acquire all of the outstanding shares of DXP New
         Media Services, Inc., ("DXP") and its wholly-owned subsidiary IQROM
         Limited. Under the terms of the letter of intent, the Company would
         exchange 12,800,625 shares of its common stock for all of the issued
         and outstanding shares of DXP.

Note 4 - Private placement of shares

         On March 17, 2000, the Company announced a $7,500,000 private placement
         of 1,000,000 units at $7.50 per unit. Each unit consists of one common
         share and one-half of a share purchase warrant. Each whole warrant will
         entitle the holder to purchase one additional common share at $7.50 if
         exercised in the first year and $10.00 if exercised in the second year.

Note 5 - Subsequent events

         On April 5, 2000, the Company announced that in anticipation of the
         acquisition of DXP, it had made application to change its name to IQROM
         Communications, Inc. effective April 10, 2000. The Company also
         announced that its trading symbol on the NASD Bulletin Board system
         would change to "IQCO". In addition, the Company's listing on the
         Berlin Exchange would also be changed to reflect the new name and
         trading symbol, effective April 11, 2000.

         On April 27, 2000, the Company announced that it had completed the
         acquisition of DXP and its UK subsidiary, IQROM Limited. In addition,
         the Company announced it had completed an additional private placement
         of 330,000 shares at $7.50 per share, totaling $2,475,000. Also, the
         Company stated that it had entered into a long-term licensing agreement
         with the owners of the US patent rights for CD-Cards, giving the
         Company the exclusive global rights to sell the patented CD-Cards.


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

NOTE REGARDING PROJECTONS AND FORWARD LOOKING STATEMENTS

This statement includes projections of future results and forward looking
statements as that term is defined in 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"). All statements that are included
in this 10-KSB, including statements of historical fact, are forward looking
statements. Although Management believes that the expectations reflected in
these forward looking statements are reasonable, it can give no assurance that
such expectations will prove to have been correct. Important factors could cause
actual results to differ materially from the expectations disclosed in this
statement, including without limitation, in conjunction with those forward
looking statements contained in this statement.



<PAGE>


        For the three months ended March 31, 2000, the Company did not receive
any revenue from operations or incur any material costs related to publishing
and marketing hiking trail guides.

        The Company incurred approximately $118,000 of expenses during the
period, primarily legal and professional fees related to the Company's
anticipated acquisition of DXP New Media Services, Inc. ("DXP"). Included in the
expenses for the period is a $50,000 accrual for legal and professional services
rendered in the period which are expected to be paid in subsequent periods.

        During the next twelve months, management intends to complete its
acquisition of DXP and subsequently engage in the business of selling and
distributing CD-Cards and related products (a CD-Card is a portable CD-ROM in
the shape and size of a rectangular business and/or trading card that can run in
the CD/DVD tray of any computer). The Company plans to discontinue its plans to
publish and market hiking trail guides.

        During the period, the Company secured a private placement of 1,000,000
units at $7.50 per unit, each unit consisting of one common share and one-half
of a share purchase warrant. Each whole warrant will entitle the holder to
purchase one additional common share at $7.50 if exercised in the first year and
$10.00 if exercised in the second year. In addition, the Company announced it
had completed an additional private placement of 330,000 shares at $7.50 per
share, totaling $2,475,000. The proceeds of this subscription will be used to
repay debt of DXP and provide working capital for the Company's CD-Card
operations.


<PAGE>


                          PART II -- OTHER INFORMATION

Item 1. Legal Proceedings.
         None.

Item 2. Changes in Securities.
         None.

Item 3. Defaults Upon Senior Securities
         None.

Item 4. Submission of Matters to a Vote of Security Holders.
         None.

Item 5. Other Information.
         None.

Item 6. Exhibits and Reports on Form 8-K.
                                ---------
(a)      Exhibits.
                           Exhibit 27 - Financial Date Schedule

(b)      Reports on Form 8-K.

         A Report on Form 8-K was filed on March 10, 2000 reporting the
resignations of Gary Vesperman and Timothy Zelenka and the hiring of Eric J.
Boehnke as the new President and John A. Meyer as the new Secretary. Both Mr.
Boehnke and Mr. Meyer were also named directors of the Company.

         A Report on Form 8-K was filed on May 5, 2000, after the close of the
quarter ended March 31, 2000, reporting a change in control of the Company which
occurred as of April 20, 2000. Mr. Boehnke and Mr. Meyer resigned from their
offices with the Company and as directors in connection with the change in
control.


<PAGE>


                                   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.
                                      IQROM COMMUNICATIONS, INC.
                                      (Registrant)
Date
     ----------------------           ----------------------------------
                                      (Signature)
                                      Thomas Gabor Elek, Chief Executive Officer


Date
     ----------------------           ----------------------------------
                                      (Signature)
                                      Donald Carse, Chief Financial Officer



     *Print the name and title of each signing officer under his signature.