<PAGE>

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


                                  FORM 10-QSB/A


(Mark One)

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

           For the quarterly period ended             June 30, 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>

         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 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:     22,024,378
                                          -------------------------------------
Transitional Small Business Disclosure Format (Check one): Yes [ ] No [x]

<PAGE>

                         PART I -- FINANCIAL INFORMATION

Item 1. Financial Statements.

                   iQrom COMMUNICATIONS, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEET

<TABLE>
<CAPTION>
                                                                                         June 30,
                                                                                           2000
                                                                                      (As Restated)
                                  ASSETS                                               (Unaudited)
<S>                                                                                   <C>
CURRENT ASSETS
             CASH AND CASH EQUIVALENTS                                                $  4,662,180
             ACCOUNTS RECEIVABLE                                                         1,048,928
             INVENTORY                                                                      22,404
             PREPAID EXPENSES                                                                9,600
                                                                                      ------------
                        TOTAL CURRENT ASSETS                                             5,743,112
FIXED ASSETS - NET                                                                          93,641
INTANGIBLE ASSETS - NET                                                                    662,638
                                                                                      ------------
  TOTAL ASSETS                                                                        $  6,499,391
                                                                                      ============


                              LIABILITIES & SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
             ACCOUNTS PAYABLE AND ACCRUED EXPENSES                                    $  1,463,960
             ACCRUED DISTRIBUTION TO FORMER DXP SHAREHOLDERS                             2,475,000
             NOTES PAYABLE                                                                 100,000
                                                                                      ------------
TOTAL LIABILITIES                                                                        4,038,960

SHAREHOLDERS' EQUITY
             COMMON STOCK, (par value $0.001, authorized 50,000,000
               shares; issued and outstanding, 21,654,378 shares)                           21,654
             ADDITIONAL PAID-IN CAPITAL                                                  8,873,047
             ACCUMULATED DEFICIT                                                        (3,995,535)
             SUBSCRIBED COMMON STOCK                                                    (2,475,000)
             ACCUMULATED OTHER COMPREHENSIVE INCOME:
                   Cumulative Translation Adjustment                                        36,265
                                                                                      ------------
                       TOTAL SHAREHOLDERS' EQUITY                                        2,460,431
                                                                                      ------------

TOTAL LIABILITIES & SHAREHOLDERS' EQUITY                                              $  6,499,391
                                                                                      ============
</TABLE>

      See accompanying notes to condensed consolidated financial statements


<PAGE>
                   iQrom COMMUNICATIONS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>

                                                    Three months ended                         Six months ended
                                                         June 30,                                  June 30,
                                                   2000             1999                    2000              1999
                                               (As Restated)                            (As Restated)
                                                (Unaudited)     (Unaudited)              (Unaudited)       (Unaudited)
<S>                                              <C>            <C>                       <C>              <C>
REVENUE

TOTAL REVENUE                                    $1,876,172         -                     $2,388,354               -
                                                 ----------   ----------                  ----------        -----------


COST OF SALES                                     1,507,785         -                      1,895,933               -
                                                 ----------   ----------                  ----------        -----------


GROSS PROFIT                                        368,387         -                        492,420               -

SELLING, GENERAL &
   ADMINISTRATIVE EXPENSES

     Advertising and selling                        135,347         -                        284,635               -
     Professional fees                              795,581         -                        842,413               -

     Salaries and benefits                          568,298         -                        881,230               -
     Depreciation                                     5,013         -                          6,868               -
     Amortization of Intangible Assets                5,063         -                         14,125               -

     Other                                          316,986       12,237                     469,416             29,908
                                                 ----------   ----------                  ----------        -----------
TOTAL SELLING, GENERAL &                          1,826,288       12,237                   2,498,687             29,908
    ADMINISTRATIVE EXPENSES

OPERATING LOSS                                    1,457,901       12,237                   2,006,267             29,908

 INTEREST INCOME                                     90,778         -                         93,410                -

 INTEREST EXPENSE                                  (29,434)         -                        (29,366)               -
                                                 ----------   ----------                  ----------        -----------
NET LOSS                                         $1,396,557      $12,237                  $1,942,223            $29,908
                                                 ==========   ==========                  ==========        ===========
NET LOSS PER SHARE - basic and diluted                 $.07           $0                        $.13                 $0

Weighted Shares Outstanding                      19,092,976   18,063,086                  14,546,488         14,031,543

</TABLE>

      See accompanying notes to condensed consolidated financial statements


<PAGE>

                   iQrom COMMUNICATIONS, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOW
<TABLE>
<CAPTION>
                                                                                              June 30
                                                                                        2000            1999
                                                                                   (As Restated)
                                                                                    (Unaudited)      (Unaudited)
<S>                                                                                <C>                <C>
OPERATING ACTIVITIES:
Net Loss                                                                           $ (1,942,223)      $(29,908)
Adjustments to reconcile net loss to net cash used in operating activities:
  Depreciation                                                                            6,869
 Amortization                                                                            14,125
  Loss on disposal of fixed assets                                                        1,051
 Changes in operating assets and liabilities:
  Accounts receivable                                                                (1,048,688)
  Inventory                                                                             (22,404)
  Prepaid assets                                                                         (9.600)
  Accounts payable and accrued expenses                                                 702,747         29,908
                                                                                     ----------      ---------
Net cash used in operating activities                                                (2,298,124)             -

INVESTING ACTIVITIES:
  Purchases of fixed assets                                                            (95,260)
  Payments for patents                                                                (129,072)
  Payments for trademarks                                                               (3,262)
  Acquisition of business net of cash acquired                                        (348,367)              -
                                                                                    -----------
Net cash used in investing activities                                                 (575,961)              -


FINANCING ACTIVITIES:
  Issuance of common stock                                                            9,900,000
  Repayment of Notes Payable                                                         (1,572,784)
  Payments to Former DXP US Shareholders                                               (827,216)
                                                                                    -----------
Net cash provided by financing activities                                             7,500,000

                                                                                                             -
EFFECT OF EXCHANGE RATE CHANGES ON CASH -                                                36,265              -
                                                                                    -----------

NET INCREASE IN CASH AND CASH EQUIVALENTS                                             4,662,180              -
CASH AND CASH EQUIVALENTS - BEGINNING OF THE PERIOD                                           -              -
CASH AND CASH EQUIVALENTS - END OF THE PERIOD                                        $4,662,180              -
                                                                                     ==========       ========
</TABLE>


      See accompanying notes to condensed consolidated financial statements


<PAGE>
iQrom Communications, Inc.
Notes to Condensed Consolidated Financial Statements
For Period Ended June 30, 2000

Note 1 - Basis of Presentation.

         The accompanying unaudited condensed consolidated financial statements
         of iQrom Communications, Inc., and its wholly owned subsidiaries (the
         "Company") 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 and the instructions
         of Form 10-QSB. Accordingly, they do not contain all of the information
         and footnotes required by accounting principles generally accepted in
         the United States of America. In the opinion of management, the
         accompanying condensed 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 and the results of its operations and its
         cash flows for the interim periods presented. These financial
         statements should be read in conjunction with our audited financial
         statements as of November 30, 1999, including the notes thereto, and
         the other information included in the Company's most recent filing on
         Form 8-K, which was filed with the Securities and Exchange Commission,
         or SEC, on July 3, 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 filing.

         Operating results for the interim periods presented are not necessarily
         indicative of the operating results that may be expected for the year
         ending December 31, 2000.

         Restatement - Subsequent to the issuance of the Company's financial
         statements as of and for the three months ended June 30, 2000, the
         Company's management determined that the accounting for the reverse
         acquisition as recorded on April 20, 2000 (See Note 3, Shareholder's
         Equity) should be accounted for as a capital transaction as opposed to
         a business combination. Management has determined that the transaction
         is equivalent to stock issued by a private company for the net monetary
         assets of a publicly traded shell corporation, accompanied by a
         recapitalization. The accounting is identical to that resulting from a
         reverse acquisition, except that no goodwill or other intangible assets
         are recorded. As a result, the Company has reduced the carrying value
         of intangible assets, additional paid-in capital and total
         stockholder's equity by $94,406,602, which represents the fair value
         step-up of $100,879,710 less the related increased amortization of
         $6,473,088. In addition, accumulated deficit, amortization of
         intangible assets, total selling, general and administrative expenses,
         and the net loss have each been reduced by the increased amortization
         of $6,473,088.

         Additionally, management has made additional adjustments and
         reclassifications to correct for typographical errors, primarily
         relating to reclassifying amounts from additional paid-in capital to
         common stock.

         A summary of the significant effects of the restatement is as follows:


<PAGE>

<TABLE>
<CAPTION>
                                                   Three months      Three months       Six months       Six months
                                                      ended             ended             ended             ended
                                                   June 30,2000      June 30,2000      June 30,2000     June 30,2000
                                                   ------------      ------------      ------------     ------------

                                                  As Previously      As Restated      As Previously      As Restated
                                                     Reported                           Reported
<S>                                               <C>                <C>              <C>               <C>
Consolidated Balance Sheet Date
-------------------------------
Intangible Assets- net                                                                $ 95,069,260       $  662,638
Common Stock                                                                                 2,165           21,654
Additional Paid in Capital                                                             105,948,503        8,873,047
Accumulated Deficit                                                                     (9,114,660)      (3,995,535)
Accumulated Other Comprehensive Income
Subscribed Common Stock                                                                                  (2,475,000)
Cumulative Translation Adjustment                                                           31,045           36,265
Total Stockholders' Equity                                                              96,867,053        2,460,431

Consolidated Statement of Operations
------------------------------------
Amortization of Intangible Assets                   $6,478,151        $    5,063      $  6,487,213       $   14,125
Total Selling, General and Administrative
     Expenses                                        8,299,376         1,826,288         8,971,775        2,498,687
Net Loss                                            $7,869,645        $1,396,557      $  8,415,310       $1,942,223

Net Loss per Share- Basic and Diluted                     $.41              $.07              $.58             $.13
</TABLE>

Note 2 - Summary of Significant Accounting Policies.

         Principles of Consolidation - The consolidated financial statements of
         operations include iQrom Communications, Inc. and its wholly owned
         subsidiaries. All significant intercompany accounts and transactions
         have been eliminated in the consolidated financial statements.

         Revenue Recognition - The Company designs, develops and distributes
         digital communications technology based on its own and licensed
         intellectual property. Revenues from the sale of products are
         recognized at the time they are shipped or services are provided to the
         customer. The Company recognizes revenue from conferencing and content
         development as activities are performed or as development milestones
         are completed under the respective agreements. Costs incurred in
         connection with the performance of conferencing and content development
         are expensed as incurred.

         Cash and Equivalents - The Company considers all highly liquid
         financial instruments with maturity at the time of purchase of ninety
         days or less to be cash equivalents.

         Recent Accounting Pronouncements - The Financial Accounting Standards
         Board (FASB) recently issued Statement No. 137, "Accounting for
         Derivative Instruments and Hedging Activities - Deferral of Effective
         Date of FASB Statement No. 133." The Statement defers for one year the
         effective date of FASB Statement No. 133 (SFAS No. 133), "Accounting
         for Derivative Instruments and Hedging Activities." The rule will now
         apply to all fiscal quarters of all fiscal years beginning after June
         15, 2000. SFAS 133 will require the Company to recognize all
         derivatives on the balance sheet at fair value. Derivatives that are
         not hedges must be adjusted to fair value through income. If the
         derivative is a hedge, depending on the nature of the hedge, changes in
         fair value will either be offset against the change in the fair value
         of the hedged assets, liabilities, or firm commitments through earnings
         or recognized in other comprehensive income until the hedged item is
         recognized in earnings. The Company has not yet determined what the
         effect of SFAS 133 will be on its earnings and financial position.

         Foreign Currency Translation - Assets and liabilities of the Company's
         non-U.S. subsidiary are translated into U.S. dollars using the end of
         period exchange rates. The effect of this translation is reported in

<PAGE>

         Accumulated Other Comprehensive Income in the accompanying condensed
         consolidated balance sheet. Income statement elements of the non-US
         subsidiary are translated to U.S. dollars using average period exchange
         rates and are recognized as part of revenues, costs and expenses.

         Intangible Assets - Intangible assets consist principally of
         trademarks, patents and goodwill. These are amortized on a
         straight-line basis over twenty, fifteen and three years, respectively.

         Net Loss Per Share Information - Basic and diluted loss per share are
         computed based on the weighted average shares outstanding during the
         period. Diluted net income per share will include the dilutive effect
         of potential common stock issuances using the treasury stock method.
         Common equivalent shares are excluded from the computation if their
         effect is anti-dilutive. The Company's warrants have been excluded from
         diluted loss per share since their effect is anti-dilutive.


Note 3 - Shareholders' Equity.

         Reverse Acquisition - On April 10, 2000, Hiking Adventures, Inc.
         amended its articles of incorporation to change its name to iQrom
         Communications, Inc (iQrom). On April 20, 2000, the Company acquired
         50% of the outstanding common stock of DXP US, Inc. (DXP) from its UK
         shareholders, Messrs Elek, Maynard-Taylor and Allmark, by way of
         exchange (the share exchange) in consideration for the issue of
         6,400,314 voting common shares in the capital of the Company plus a
         share of cash proceeds from the placement referred to under the
         following subheading (Issuance of Equity). Immediately subsequent to
         the Share Exchange, DXP was merged with and into iQrom Communications
         Acquisition Co. (ICA), a wholly owned subsidiary of iQrom (the
         Reorganization). As a result of the Reorganization, all of the common
         stock of DXP outstanding and owned by POV US, LLC (i.e. the 50% of
         common stock of DXP not already owned by the Company by virtue of the
         Share Exchange) was converted into 6,400,314 voting shares in the
         capital of the Company plus a share of the cash proceeds from the
         Placement referred to above. All of the common stock of DXP issued and
         outstanding owned of record by the Company by virtue of the Share
         Exchange was cancelled and retired and the separate existence of DXP
         thereby ceased and ICA continued as the surviving corporation.
         Additionally, 2,466,250 voting common shares of the Company held by its
         former President were cancelled as part of the transaction. This
         resulted in the former shareholders of DXP owning approximately 59% of
         the voting common shares of the Company upon completion of the Share
         Exchange and Reorganization. The Reorganization has been accounted for
         as a reverse merger under accounting principles generally accepted in
         the United States, as more fully described below.

         The accounting treatment for the reverse merger means that DXP is
         considered the acquiring entity for accounting purposes and that ICA is
         the acquired entity even though iQrom is the surviving legal entity. As
         a result of this reverse purchase accounting treatment, (i) the
         historical financial statements of the Company for periods prior to the
         date of the merger are no longer the historical financial statements of
         iQrom, and are, therefore, no longer presented; (ii) the historical
         financial statements of the Company for periods prior to the date of
         the merger are those of DXP; (iii) all references to the financial
         statements of the "Company" apply to the historical financial
         statements of DXP prior to the merger and to the consolidated financial
         statements of the Company subsequent to the merger.

         Issuance of Equity - Prior to the Share Exchange and Reorganization
         described above, the Company undertook a private placement (the
         Placement). As the first tranche of the Placement, the Company issued
         1,320,000 units at a price of $7.50 per unit to a group of investors.
         Each unit consisted of one share of the Company's common stock and a
         half warrant. Each holder of two one-half warrants is entitled to
         acquire one share of the Company's common stock at a price of not less
         than $7.50 if the warrant is exercised within a year of issuance or $10
         if exercised in the second year. If not exercised, the warrants expire
         on April 20, 2002.

<PAGE>
         The Company received gross proceeds of $9,900,000 from the first
         tranche of the Placement. After completing the first tranche of the
         private placement, $2,400,000 of the proceeds from the first tranche of
         the Placement were paid to the former shareholders of DXP and the
         remainder was retained for working capital purposes.

         For the second tranche of the Placement, the Company will issue 330,000
         shares of its common stock at a price of $7.50 per share for total
         proceeds of $2,475,00. No warrants are to be issued with these shares.
         The Placement calls for the issuance of the shares upon the achievement
         of certain revenue targets by the Company. The $2,475,000 will be used
         to make the final payment to the DXP shareholders. At June 30, 2000,
         revenue targets were achieved for the release of private placement
         funds from escrow. The Company has recorded $2,475,000 as subscribed
         common stock pending the receipt of those funds from escrow.
         Additionally, the Company has accrued $2,475,000 in distributions to
         the former shareholders of DXP. (See item 2. Below.)

         Operating results for the three and six months ended June 30, 2000 are
         not necessarily indicative of the operating results that may be
         expected for the year ending December 31, 2000.

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

A predecessor to the Registrant, the non-US subsidiary of ICA, itself a wholly
owned subsidiary of the Company, was incorporated in the United Kingdom ("UK")
in March 1999 under the name of DXP New Media Services Limited ("DXP NMS"). In
June 1999, DXP NMS entered into an exclusive licensing agreement with iOra
Limited, a UK software developer, for the use of iOra's proprietary SoftCD
technology. (See Part II, Item 5 below.) DXP NMS commenced operations in
September 1999. In March 2000, DXP NMS changed its name to iQrom Limited. On
April 20, 2000, through a series of transactions described above, iQrom Limited
became a subsidiary of the Registrant.

The consolidated statements of operations above includes the operating results
of iQrom Limited for the six months ended June 30, 2000 including operating
results of the Company for the period April 20, 2000 to June 30, 2000. The
Company is in the process of building and growing its operations, activities,
and staff in the US, UK and Europe. Comparisons with its activities for the six
months ended June 30, 1999 offer little insight into its current operations.

Revenues increased from $512,182 during the first quarter 2000 to $1,876,172 in
the second quarter 2000 and are expected to continue to grow during the
remaining quarters of 2000. The Company believes its present business lines to
be somewhat seasonal, with the summer months of June, July and August being its
slower period.

Selling, General and Administrative expenses increased significantly as a result
of opening an office in Orlando, Florida and increases in staff both in the UK
and the US.

The large increase in professional fees during the three months ending June 30,
related mainly to non-recurring legal expenses associated with the initial
formation and organization of the Company.

As described above, there were two tranches to the Private Placement. The terms
of the second tranche called for the issue of 330,000 shares of stock in the
capital of the Company at a price of $7.50 per share once the Company has met
certain revenue targets for the three months ending June 30th. The Company is to
receive $2,475,000 from the Escrow Agent, who, in turn, will release the 330,000
shares. Once received, the Company will distribute funds to the original DXP
shareholders in final consideration of the Share Exchange and Reorganization.

The Company acquired Hiking Adventures Inc. in a transaction accounted for as a
reverse merger. Management has accounted for the reverse acquisition as a
capital transaction as opposed to a business combination. Management has
determined


<PAGE>

that the transaction is equivalent to stock issued by a private company for the
net monetary assets of a publicly traded shell corporation, accompanied by a
recapitalization. The accounting is identical to that resulting from a reverse
acquisition except that no goodwill or other intangible assets are recorded.

Risks and Uncertainties: The Private Securities Litigation Reform Act of 1995
provides a 'safe harbor' for forward-looking statements. Certain information
included in this report (as well as information included in oral statement or
other written statements made or to be made by the Company) contains statements
that are forward-looking, such as statements related to anticipated future
revenues of the Company and success of current product offerings. Such
forward-looking information involves important risks and uncertainties that
could significally affect anticipated results in the future and, accordingly,
such results may differ materially from those expressed in any forward-looking
statements made by, or on behalf of, the Company.


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.

The Registrant has entered into two agreements with iOra Limited ("iOra") to
provide the Registrant with exclusive worldwide rights to iOra's SoftCD(TM)
technology, which compares the original and new versions of any digital data and
creates an amendment file incorporating only the variations from the original
data. This file is then integrated via the Internet through a user's hard drive,
effectively resulting in a new CD-ROM on which the publisher can change and
update the content. The Registrant and iOra entered into an OEM Smart Card
Agreement dated June 29, 1999, as supplemented by a Supplemental Agreement dated
April 4, 2000, in which iOra granted the Registrant exclusive rights to use
iOra's technology with respect to an updateable CD card, a business card-sized
medium playable on any CD device and also updateable via the Internet employing
SoftCD(TM) technology. The Registrant and iOra entered into a CD-U Agreement
dated June 23, 2000 (effective July 1, 2000) which granted the Registrant
exclusive worldwide rights to use the technology with respect to the 120mm CD
format to create an updateable CD with a storage capacity of up to 700MBs in the
CD implementation and more than four gigabytes in the DVD version.


<PAGE>



Item 6. Exhibits and Reports on Form 8-K.
                                ---------
a)       Exhibits.


Exhibit  3.1 - Articles of Incorporation as filed in the Office of the Secretary
         of State of the State of Nevada on October 18, 1996, as amended by
         Certificate of Amendment to Articles of Incorporation filed in the
         Office of the Secretary of the State of Nevada on April 10, 2000.


Exhibit 10    - Material Contracts

10.1     Agreement dated April 13, 2000 between DXP US, Inc. and Aldersey
         Egerton Maynard-Taylor, Thomas Gabor Elek, Colin Allmark, POV US, LLC,
         Gerald A. Pierson, Michael Feit, IQROM Communications, Inc. and IQROM
         Communications Acquisitions Co. [Previously filed as Exhibit 99.1 to
         Form 8-K filed on May 5, 2000.]

10.2     First Financing Subscription Agreement dated April 6, 2000 between the
         Registrant and Agens Ag. [Previously filed as Exhibit 99.2 to Form
         8-K/A filed on July 3, 2000] Subscription Agreements between the
         Registrant and the other Subscribers listed below have not been filed
         in accordance with Instruction 2 to Item 601 of Regulation S-K since
         they are substantially identical to the Subscription Agreement with
         Agens Ag filed herewith. The material details in which the following
         Subscription Agreements differ from the Agens Subscription Agreement
         are as follows:

         Subscriber                           Units Acquired      Purchase Price
         ----------                           --------------      --------------

         BWI Avionics Ltd.                    143,333              $1,074,997.50
         Euro Atlantic Equity Fund Ltd.       476,667              $3,575,002.50
         Highway Finance Ltd.                 166,667              $1,250,002.50
         Blue Capital AG                      133,333              $  999,997.50

10.3     Second Financing Subscription Agreement dated April 6, 2000 between the
         Registrant and Online Partners Inc. [Previously filed as Exhibit 99.3
         to Form 8-K/A filed on July 3, 2000]

10.4     Share Purchase Warrant dated April 20, 2000 issued by the Registrant to
         Agens Ag for 200,000 Common Shares. [Previously filed as Exhibit 99.4
         to Form 8-K/A filed on July 3, 2000] Share Purchase Warrants issued by
         the Registrant to the other Subscribers listed below have not been
         filed in accordance with Instruction 2 to Item 601 of Regulation S-K
         since they are substantially identical to the Share Purchase Warrant
         issued to Agens Ag filed herewith. The material details in which the
         following Share Purchase Warrants differ from the Agens Share Purchase
         Warrant are as follows:

         Subscriber                             Warrants        Purchase Price
         ----------                             --------        --------------

         BWI Avionics Ltd.                       71,667          $1,074,997.50
         Euro Atlantic Equity Fund Ltd.         238,334          $3,575,002.50
         Highway Finance Ltd.                    83,334          $1,250,002.50
         Blue Capital AG                         66,667          $  999,997.50

10.5     Patent License Agreement dated April 7, 2000, between DiskXpress US,
         Inc. and DXP US, Inc.

10.6     Supply Agreement dated April 7, 2000, between Ingman Limited, iQrom
         Limited (formerly DXP New Media Services Limited) and DXP US, Inc.

<PAGE>

Exhibit 27    - Financial Data Schedule


a)       Reports on Form 8-K.


A Report on Form 8-K was filed on May 5, 2000, reporting the change in control
of the Company which occurred as of April 20, 2000 in connection with the
purchase of the outstanding common stock of DXP US, Inc. and its wholly owned
subsidiary, iQrom Limited discussed in Part I above. An Amendment to Current
Report on Form 8-K/A was filed on July 3, 2000 to include the audited and
unaudited financial statements of the business acquired and pro forma financial
information.


                                   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 November 20, 2000        /s/ Thomas Gabor Elek
                              (Signature)*
                              Thomas Gabor Elek, President and Chief Executive
                              Officer


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