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:              SEPTEMBER 30, 1999
                                        --------------------------------


[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
    FOR THE TRANSITION PERIOD FROM                 to
                                    ------------------------------

        COMMISSION FILE NUMBER                 000-27959
                               -------------------------------------

                             LAREDO INVESTMENT CORP.
        (Exact name of small business issuer as specified in its charter)

                  NEVADA                                         77-0517964
-------------------------------------------                 -------------------
    (State or other jurisdiction                               (IRS Employer
of incorporation or organization)                            Identification No.)

              UNIT 431-230-1210 SUMMIT DRIVE, KAMLOOPS, BC, V2C 6M1
              -----------------------------------------------------
                    (Address of principal executive offices)

                                 (250) 377-3918
                                 --------------
                            Issuer's telephone number


(Former  name,  former  address and former  fiscal year,  if changed  since last
report.)

                      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 practical date:    1,000,000 AS OF SEPTEMBER 30, 1999
                                         ---------------------------------------

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



<PAGE>



                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

                             LAREDO INVESTMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS

                                                 (Unaudited)
                                                 September 30,     December 31,
                                                     1999             1998
                                                 -------------    -------------

Assets .......................................   $        --      $        --
                                                 =============    =============

Liabilities - Accounts Payable ...............   $        --      $         200
                                                 -------------    -------------

Stockholders' Equity
  Common Stock, Par value $.001
    Authorized 100,000,000 shares at
    August 31, 1999 ..........................           1,000            1,000
  Paid-In Capital ............................             485             --
  Retained Deficit ...........................          (1,200)          (1,200)
  Deficit Accumulated During the
    Development Stage ........................            (285)            --
                                                 -------------    -------------

     Total Stockholders' Equity ..............            --               (200)
                                                 -------------    -------------

     Total Liabilities and
     Stockholders' Equity ....................   $        --      $        --
                                                 =============    =============















   The accompanying notes are an integral part of these financial statements.

                                        2


<PAGE>

                             LAREDO INVESTMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)

                             For the Three Months        For the Nine Months
                              Ended September 30,        Ended September 30,
                            -----------------------   -----------------------
                               1999         1998         1999         1998
                            ----------   ----------   ----------   ----------

Revenue: .................  $     --     $     --     $     --     $     --

Expenses: ................         285         --            285          100
                            ----------   ----------   ----------   ----------

     Net Loss ............  $     (285)  $     --     $     (285)  $     (100)
                            ==========   ==========   ==========   ==========

Basic & Diluted

  Loss Per Share .........  $     --     $     --     $     --     $     --
                            ==========   ==========   ==========   ==========
























   The accompanying notes are an integral part of these financial statements.

                                        3


<PAGE>


                             LAREDO INVESTMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


                                                          For the Nine Months
                                                          Ended September 30,
                                                        -----------------------
                                                           1999         1998
                                                        ----------   ----------
CASH FLOWS FROM OPERATING ACTIVITIES:

Net Loss .............................................  $     (285)        (100)
Increase (Decrease) in Accounts Payable ..............        (200)         100
                                                        ----------   ----------
  Net cash used by investing activities ..............        (485)        --
                                                        ----------   ----------

CASH FLOWS FROM INVESTING ACTIVITIES:

Net cash used by investing activities ................        --           --
                                                        ----------   ----------

Cash Flows From Financing Activities:
 Capital contributed by shareholder ..................         485         --
                                                        ----------   ----------
Net Cash Provided by Financing  Activities ...........         485         --
                                                        ----------   ----------

Net Increase (Decrease) in Cash  and

  Cash Equivalents ...................................        --           --
Cash and Cash Equivalents at
  Beginning of the Year ..............................        --           --
                                                        ----------   ----------
Cash and Cash Equivalents at

  End of the Year ....................................  $     --     $     --
                                                        ==========   ==========

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
  Interest ...........................................  $     --     $     --
  Franchise and income Taxes .........................  $      250   $     --













   The accompanying notes are an integral part of these financial statements.

                                        4


<PAGE>

                             LAREDO INVESTMENT CORP.
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS
                  FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1999
                                   (Unaudited)

1.  INTERIM REPORTING

The accompanying unaudited financial statements have been prepared in accordance
with generally accepted accounting principles and with Form 10-QSB requirements.
Accordingly,  they do not include all of the information and footnotes  required
by generally accepted accounting  principles for complete financial  statements.
In the opinion of management,  all adjustments  considered  necessary for a fair
presentation  have been  included.  Operating  results for the nine month period
ended September 30, 1999, are not necessarily indicative of the results that may
be expected for the year ended December 31, 1999.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.

PLAN OF OPERATION - GENERAL

         The  Company  was  organized  for the  purpose of  creating a corporate
vehicle to seek,  investigate and, if such  investigation  warrants,  acquire an
interest in one or more  business  opportunities  presented  to it by persons or
firms who or which  desire  to seek  perceived  advantages  of a  publicly  held
corporation.  At this  time,  the  Company  has no  plan,  proposal,  agreement,
understanding  or arrangement to acquire or merge with any specific  business or
company, and the Company has not identified any specific business or company for
investigation and evaluation. No member of Management or promoter of the Company
has had any  material  discussions  with any other  company  with respect to any
acquisition  of  that  company.  Of  the  1,000,000  outstanding  shares  of the
Company's  Common Stock,  200,000 shares are currently freely tradable under the
Rule 144 exemption  promulgated  under the  Securities  Act of 1933. The Company
will not restrict its search to any specific business,  industry or geographical
location, and the Company may participate in a business venture of virtually any
kind or nature.  The discussion of the proposed  business under this caption and
throughout is  purposefully  general and is not meant to be  restrictive  of the
Company's virtually unlimited  discretion to search for and enter into potential
business opportunities.

         The Company  intends to obtain funds in one or more private  placements
to finance the operation of any acquired business. Persons purchasing securities
in these placements and other  shareholders will likely not have the opportunity
to  participate  in the  decision  relating to any  acquisition.  The  Company's
proposed  business  is  sometimes  referred  to as a "blind  pool"  because  any
investors  will entrust  their  investment  monies to the  Company's  management
before they have a chance to analyze any  ultimate  use to which their money may
be put.  Consequently,  the Company's  potential success is heavily dependent on
the Company's  management,  which will have  virtually  unlimited  discretion in
searching for and entering into a business opportunity. None of the officers

                                        5


<PAGE>



and directors of the Company has had any experience in the proposed  business of
the Company.  There can be no assurance  that the Company has had any experience
in the  proposed  business of the Company.  There can be no  assurance  that the
Company  will be able to raise any funds in private  placement.  In any  private
placement,  management  may purchase  shares on the same terms as offered in the
private placement.

         Management  anticipates  that it will only participate in one potential
business  venture.   This  lack  of  diversification   should  be  considered  a
substantial  risk in  investing  in the  Company  because it will not permit the
Company to offset potential losses from one venture against gains from another.

         The  Company  may seek a  business  opportunity  with a firm  that only
recently  commenced  operations,  or a developing  company in need of additional
funds for  expansion  into new products or markets,  or an  established  company
seeking a public vehicle. In some instances,  a business opportunity may involve
the  acquisition  or merger with a corporation  which does not need  substantial
additional  cash but which desires to establish a public  trading market for its
common  stock.  The Company  may  purchase  assets and  establish  wholly  owned
subsidiaries   in  various   business  or  purchase   existing   businesses   as
subsidiaries.

         The Company anticipates that the selection of a business opportunity in
which to  participate  will be complex and extremely  risky.  Because of general
economic conditions, rapid technological advances being made in some industries,
and shortages of available capital,  management believes that there are numerous
firms  seeking the benefits of a publicly  traded  corporation.  Such  perceived
benefits of a publicly traded corporation may include  facilitating or improving
the  terms  on  which  additional  equity  financing  may be  sought,  providing
liquidity  for the  principals  of a  business,  creating a means for  providing
incentive  stock  options  or  similar  benefits  to  key  employees,  providing
liquidity (subject to restrictions of applicable  statues) for all shareholders,
and other factors.  Potentially  available  business  opportunities may occur in
many different  industries and at various  stages of  development,  all of which
will make the task of  comparative  investigation  and analysis of such business
opportunities extremely difficult and complex.

         As is customary in the industry, the Company may pay a finder's fee for
locating an acquisition  prospect.  If any such fee is paid, it will be approved
by the Company's  Board of Directors and will be in accordance with the industry
standards.  Such  fees  are  customarily  between  1% and 5% of the  size of the
transaction,  based upon a sliding scale of the amount  involved.  Such fees are
typically in the range of 5% on a $1,000,000 transaction ratably down to 1% in a
$4,000,000 transaction. Management had adopted a policy that such a finder's fee
or real estate  brokerage fee could,  in certain  circumstances,  be paid to any
employee,  officer,  director or 5% shareholder  of the Company,  if such person
plays a material role in bringing a transaction to the Company.

         As part of any  transaction,  the  acquired  company may  require  that
Management or other  stockholders  of the Company sell all or a portion of their
shares to the acquired company, or to the principals of the acquired company. It
is anticipated that the sales price of such shares will be lower

                                        6


<PAGE>



than the current  market  price or  anticipated  market  price of the  Company's
Common Stock at such a time. The Company's funds are not expected to be used for
purposes of any stock purchase from insiders.  The Company shareholders will not
be provided the  opportunity to approve or consent to such sale. The opportunity
to sell all or a portion of their shares in connection  with an acquisition  may
influence  management's decision to enter into a specific transaction.  However,
management  believes that since the anticipated  sales price will potentially be
less than market  value,  that the  potential of a stock sale will be a material
factor in their decision to enter a specific transaction.

         The above  description  of potential  sales of management  stock is not
based upon any corporate bylaw, shareholder or board resolution,  or contract or
agreement.  No other payments of cash or property are expected to be received by
Management in connection  with any  acquisition.  The Company has not formulated
any policy  regarding the use of consultants or outside  advisors,  but does not
anticipate that it will use the services of such persons.

         The Company has, and will continue to have,  insufficient  capital with
which to provide the owners of business  opportunities with any significant cash
or other assets.  However,  management believes the Company will offer owners of
business  opportunities  the  opportunity  to  acquire a  controlling  ownership
interest  in a public  company at  substantially  less cost than is  required to
conduct an initial  public  offering.  The owners of the business  opportunities
will, however, incur significant  post-merger or acquisition  registration costs
in the event  they wish to  register a portion  of their  shares for  subsequent
sale.  The Company will also incur  significant  legal and  accounting  costs in
connection with the acquisition of a business opportunity including the costs of
preparing post- effective amendments,  Forms 8-K, agreements and related reports
and  documents.  However,  the  officers  and  directors of the Company have not
conducted  market  research  and are not aware of  statistical  data which would
support the perceived  benefits of a merger or acquisition  transaction  for the
owners of a business opportunity.

         The Company does not intend to make any loans to any prospective merger
or acquisition candidates or unaffiliated third parties.

SOURCES OF OPPORTUNITIES

         The  Company  anticipates  that  business  opportunities  for  possible
acquisition  will be referred by various  sources,  including  its  officers and
directors,   professional   advisers,   securities   broker-  dealers,   venture
capitalists,  members of the  financial  community,  and others who may  present
unsolicited  proposals.  The Company will seek a potential business  opportunity
from all known sources,  but will rely  principally on personal  contacts of its
officers and directors as well as indirect  associations  between them and other
business and  professional  people.  It is not  presently  anticipated  that the
Company will engage professional firms specializing in business  acquisitions or
reorganizations.

         The officers and  directors  of the Company are  currently  employed in
other  positions  and will  devote only a portion of their time (not more than a
couple hours per week) to the business affairs

                                        7


<PAGE>



of the Company,  until such time as an  acquisition  has been  determined  to be
highly favorable,  at which time they expect to spend full time in investigating
and closing any acquisition.  In addition,  in the face of competing demands for
their time,  the officers and  directors may grant  priority to their  full-time
positions rather than to the Company.

EVALUATION OF OPPORTUNITIES

         The analysis of new business  opportunities  will be  undertaken  by or
under the  supervision of the officers and directors of the Company.  Management
intends to concentrate on identifying  prospective  business  opportunities that
may be brought to its attention through present associations with management.

         In  analyzing  prospective  business  opportunities,   management  will
consider  such matters as the  available  technical,  financial  and  managerial
resources;  working  capital  and  other  financial  requirements;   history  of
operation,  if any; prospects for the future;  present and expected competition;
the quality and experience of management services which may be available and the
depth of that  management;  the potential for further  research,  development or
exploration;  specific  risk factors not now  foreseeable  but which then may be
anticipated to impact the proposed activities of the Company;  the potential for
growth or expansion;  the potential for profit; the perceived public recognition
or acceptance of products,  services or trades; name  identification;  and other
relevant  factors.  Officers and directors of each Company will meet  personally
with   management  and  key  personnel  of  the  firm  sponsoring  the  business
opportunity as part of their investigation.  To the extent possible, the Company
intends to utilize  written reports and personal  investigation  to evaluate the
above factors.  The Company will not acquire or merge with any company for which
audited financial statements cannot be obtained.

         It may be  anticipated  that  any  opportunity  in  which  the  Company
participates  will  present  certain  risks.  Many  of  these  risks  cannot  be
adequately  identified prior to selection of the specific  opportunity,  and the
Company's  shareholders must, therefore,  depend on the ability of management to
identify  and  evaluate  such  risk.  In the  case of some of the  opportunities
available to the Company,  it may be anticipated that the promoters thereof have
been  unable  to  develop  a going  concern  or  that  such  business  is in its
development  stage in that it has not  generated  significant  revenues from its
principal business activities prior to the Company's  participation.  There is a
risk,  even after the  Company's  participation  in the activity and the related
expenditure of the Company's funds, that the combined  enterprises will still be
unable to become a going concern or advance beyond the development  stage.  Many
of the opportunities may involve new and untested products, processes, or market
strategies that may not succeed.  The Company and,  therefore,  its shareholders
will assume such risks.

         The  Company  will not  restrict  its search for any  specific  kind of
business,  but may acquire a venture which is in its  preliminary or development
stage,  which is  already  in  operation,  or in  essentially  any  stage of its
corporate life. It is currently impossible to predict the status of any business
in which  the  Company  may  become  engaged,  in that  such  business  may need
additional

                                        8


<PAGE>



capital, may merely desire to have its shares publicly traded, or may seek other
perceived advantages which the Company may offer.

ACQUISITION OF OPPORTUNITIES

         In implementing a structure for a particular business acquisition,  the
Company  may become a party to a merger,  consolidation,  reorganization,  joint
venture, franchise or licensing agreement with another corporation or entity. It
may also purchase stock or assets of an existing  business.  On the consummation
of a transaction, it is possible that the present management and shareholders of
the Company  will not be in control of the Company.  In addition,  a majority or
all of the  Company's  officers and  directors  may, as part of the terms of the
acquisition  transaction,  resign and be replaced by new officers and  directors
without a vote of the Company's shareholders.

         It is anticipated that any securities issued in any such reorganization
would be issued in reliance on exemptions  from  registration  under  applicable
Federal  and  state  securities  laws.  In  some  circumstances,  however,  as a
negotiated  element of this transaction,  the Company may agree to register such
securities  either at the time the  transaction  is  consummated,  under certain
conditions,  or at  specified  time  thereafter.  The  issuance  of  substantial
additional  securities  and their  potential sale into any trading market in the
Company's  Common Stock may have a depressive  effect on such market.  While the
actual  terms of a  transaction  to which the Company  may be a party  cannot be
predicted,  it may be expected that the parties to the business transaction will
find it desirable to avoid the creation of a taxable event and thereby structure
the  acquisition  in  a so  called  "tax  free"  reorganization  under  Sections
368(a)(1) or 351 of the Internal  Revenue Code of 1986, as amended (the "Code").
In order to obtain  tax-free  treatment  under the Code, it may be necessary for
the owners of the  acquired  business to own 80% or more of the voting  stock of
the surviving entity. In such event, the shareholders of the Company,  including
past and  current  investors,  would  retain  less  than 20% of the  issued  and
outstanding  shares of the surviving  entity,  which could result in significant
dilution in the equity of such shareholders.

         As part of the Company's  investigation,  officers and directors of the
Company will meet personally  with  management and key personnel,  may visit and
inspect  material  facilities,  obtain  independent  analysis or verification of
certain information  provided,  check reference of management and key personnel,
and take other reasonable investigative measures, to the extent of the Company's
limited financial resources and management  expertise.  The manner in which each
Company  participates  in an  opportunity  will  depend  on  the  nature  of the
opportunity,  the respective needs and desires of the Company and other parties,
the management of the opportunity,  and the relative negotiating strength of the
Company and such other management.

         With respect to any mergers or acquisitions,  negotiations  with target
company  management  will be expected to focus on the  percentage of the Company
which  target  company   shareholders   would  acquire  in  exchange  for  their
shareholdings  in the target company.  Depending upon,  among other things,  the
target company's assets and liabilities,  the Company's shareholders will in all
likelihood hold a lesser percentage  ownership interest in the Company following
any merger or

                                        9


<PAGE>



acquisition. The percentage ownership may be subject to significant reduction in
the event that the Company  acquires a target company with  substantial  assets.
Any merger or  acquisition  effected  by the  Company  can be expected to have a
significant  dilutive  effect on the  percentage of shares held by the Company's
then shareholders, including past and current investors.

         The Company will not have sufficient  funds (unless it is able to raise
funds  in  a  private  placement)  to  undertake  any  significant  development,
marketing and manufacturing of any products which may be acquired.  Accordingly,
following  the  acquisition  of any  such  product,  the  Company  will,  in all
likelihood,  be  required  to either  seek debt or  equity  financing  or obtain
funding from third parties,  in exchange for which the Company would probably be
required  to give up a  substantial  portion  of its  interest  in any  acquired
product.  There is no  assurance  that the Company will be able either to obtain
additional  financing or interest  third  parties in  providing  funding for the
further development, marketing and manufacturing of any products acquired.

         It  is  anticipated  that  the   investigation  of  specific   business
opportunities   and  the   negotiation,   drafting  and  execution  of  relevant
agreements,  disclosure documents and other instruments will require substantial
management time and attention and substantial  costs for accountants,  attorneys
and others.  If a decision were made not to participate  in a specific  business
opportunity the costs therefore incurred in the related  investigation would not
be  recoverable.   Furthermore,   even  if  an  agreement  is  reached  for  the
participation in a specific business opportunity, the failure to consummate that
transaction may result in the loss of the Company of the related costs incurred.

         Management  believes  that the Company may be able to benefit  from the
use of "leverage" in the  acquisition  of a business  opportunity.  Leveraging a
transaction involves the acquisition of a business through incurring significant
indebtedness  for a large  percentage of the purchase  price for that  business.
Through a leveraged  transaction,  the Company  would be required to use less of
its available funds for acquiring the business opportunity and, therefore, could
commit those funds to the operations of the business opportunity, to acquisition
of other business  opportunities or to other activities.  The borrowing involved
in a  leveraged  transaction  will  ordinarily  be  secured by the assets of the
business opportunity to be acquired. If the business opportunity acquired is not
able to generate  sufficient  revenues to make  payments on the debt incurred by
the Company to acquire that  business  opportunity,  the lender would be able to
exercise  the  remedies  provided  by  law  or  by  contract.  These  leveraging
techniques,  while  reducing the amount of funds that the Company must commit to
acquiring a business opportunity,  may correspondingly increase the risk of loss
to the Company. No assurance can be given as to the terms or the availability of
financing for any acquisition by the Company. During periods when interest rates
are  relatively  high,  the  benefits of  leveraging  are not as great as during
periods  of  lower  interest  rates  because  the  investment  in  the  business
opportunity  held on a leveraged  basis will only be  profitable if it generates
sufficient  revenues to cover the related debt and other costs of the financing.
Lenders  from which the  Company  may obtain  funds for  purposes of a leveraged
buy-out  may impose  restrictions  on the future  borrowing,  distribution,  and
operating  policies of the  Company.  It is not possible at this time to predict
the restrictions,  if any, which lenders may impose or the impact thereof on the
Company.

                                       10


<PAGE>



COMPETITION

         The Company is an insignificant participant among firms which engage in
business  combinations  with, or financing of,  development  stage  enterprises.
There are many  established  management and financial  consulting  companies and
venture capital firms which have  significantly  greater financial and personnel
resources,  technical  expertise and experience than the Company. In view of the
Company's limited financial resources and management  availability,  the Company
will  continue to be at a  significant  competitive  disadvantage  vis-a-vis the
Company's competitors.

REGULATION AND TAXATION

         The Investment  Company Act of 1940 defines an "investment  company" as
an issuer that is or holds itself out as being engaged primarily in the business
of investing,  reinvesting or trading of securities.  While the Company does not
intend to  engage in such  activities,  the  Company  could  become  subject  to
regulation  under the  Investment  Company  Act of 1940 in the event the Company
obtains or  continues  to hold a minority  interest  in a number of  development
stage   enterprises.   The  Company  could  be  expected  to  incur  significant
registration  and compliance  costs if required to register under the Investment
Company  Act of 1940.  Accordingly,  management  will  continue  to  review  the
Company's  activities  from  time  to  time  with a  view  toward  reducing  the
likelihood that the Company could be classified as an "investment company."

         The  Company  intends to  structure a merger or  acquisition  in such a
manner as to minimize  Federal and state tax  consequences to the Company and to
any target company.

EMPLOYEES

         The  Company's  only  employees at the present time is its sole officer
and director,  who will devote as much time as the Board of Directors  determine
is necessary to carry out the affairs of the Company.

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<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

         The Company did not file a report on Form 8-K during the quarter months
ended September 30, 1999.

                                       12


<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.

                             LAREDO INVESTMENT CORP.
                                  (Registrant)






DATE:    MARCH 10, 2000           BY:    /S/
     -------------------------       ------------------------------------------
                                     Lois E. Couston, President
                                    (Principal financial and Accounting Officer)



                                       13