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

                                   FORM 10-QSB

[X]  QUARTERLY REPORT UNDER SECTION 13 0R 15(D) OF THE SECURITIES EXCHANGE ACT
     OF 1934

                            For the quarterly period ended September 30, 2000
                                                         -----------------------

[ ]  TRANSITION REPORT UNDER SECTION 13 0R 15(D) OF THE SECURITIES EXCHANGE ACT
     OF 1934

For the transition period from                        to
                               ---------------------     -----------------------
                               Commission file number    91-1921581
                                                      --------------------------

                                 RADIOTOWER.COM, INC.
                    ----------------------------------------------
                    (Name of Small Business Issuer in its charter)

Incorporated in the State of Nevada                        91-1921581
------------------------------------        ------------------------------------
   (State or other jurisdiction             (I.R.S. Employer Identification No.)
of incorporation or organization)

322 - 425 Carrall Street, Vancouver, British Columbia                V6B 6E3
-----------------------------------------------------           ----------------
      (Address of principal executive offices)                     (Zip Code)

Issuer's telephone number  (604) 605-1357
                           --------------

Check  whether the issuer (1) filed all reports  required to be filed by Section
13 or 15(d) of the  Exchange  Act during the last 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 [ ]

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

            CLASS                          OUTSTANDING AS AT September 30, 2000
            -----                          ------------------------------------
  Common Stock - $0.001 par value                  23,250,000

Transitional Small Business Disclosure Format (Check one): YES [  ] NO [ X ]
<PAGE>

                                                                     PAGE 2 of 9

                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

                               RadioTower.com Inc.
                            fka Magnum Ventures Inc.
                          (A Development Stage Company)
                                  Balance Sheet
                               September 30, 2000
                                   (unaudited)
<TABLE>
<CAPTION>

               ASSETS
<S>                                                                     <C>
               Current assets:
                 Cash                                                   $           873

               Other assets:
                 Domain asset, net                                               44,427
                 Property, plant & equipment,
                     net of depreciation                                          3,467
                                                                       ------------------

                                                                        $        48,767

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

               LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

               Current liabilities:
                 Accounts payable and accrued liabilities               $        40,095
                                                                       ------------------

               Other liabilities:
                 Loans payable - stockholders                                   183,835
                                                                       ------------------


               Stockholders' (deficit):
                 Preferred stock, $0.01 par value,
                    1,000,000 shares authorized, none
                     issued or outstanding                                           -
                 Common stock, $0.001 par value,
                    50,000,000 shares authorized,
                    23,250,000 shares issued and
                    outstanding                                                  23,250
                 Additional paid in capital                                     129,868
                 Deficit accumulated during the
                    development stage                                          (328,281)
                                                                       ------------------
                                                                               (175,163)

                                                                       ------------------

                                                                         $       48,767
                                                                       ==================
</TABLE>
    The accompanying notes are an integral part of the financial statements.

<PAGE>

                                                                     Page 3 of 9
                               RadioTower.com Inc.
                            fka Magnum Ventures Inc.
                          (A Development Stage Company)
                            Statements of Operations
                                   (unaudited)
<TABLE>
<CAPTION>



                                                                                                    For the Period
                                                                                                      May 5, 1998
                                      Three Months Ended                 Nine Months Ended          (inception) to
                                   September        September       September       September          September
                                   30, 2000         30, 1999        30, 2000         30, 1999          30, 2000
                                ----------------  -------------- ----------------  -------------   ------------------
<S>                                   <C>           <C>               <C>             <C>               <C>
Revenue                               $     460     $      299        $    3,413      $     299         $      4,261
Costs and expenses:
  Selling, general and
administrative                           51,872         73,660           134,061        107,760              303,697
  Depreciation and
      Amortization                        3,862          6,879            10,362          7,583               22,007
  Loss on investment in
      mineral property                        -               -                -              -                 5,000
                                ----------------  -------------- ----------------  -------------   ------------------
       Total operating
expenses                                 55,734         80,539           144,423        115,343              330,704
                                ----------------  -------------- ----------------  -------------   ------------------

Operating (loss)                       (55,274)        (80,240)        (141,010)      (115,044)            (326,443)

Other income (expense)
  Interest expense                           -            (182)               -           (182)                (327)
  Foreign currency transaction
     gain (loss)                            102           (194)            (164)          (194)                (431)
  Other expense                              -               -                -              -               (1,347)
                                ----------------  -------------- ----------------  -------------   ------------------
                                            102           (376)            (164)          (376)              (2,105)
                                ----------------  -------------- ----------------  -------------   ------------------

Net (loss)                         $    (55,172)    $  (80,616)    $   (141,174)    $ (115,420)        $   (328,548)
                                ================  ============== ================  =============   ==================

Per share information:

Weighted average number of
  common shares outstanding -
   basic and diluted                 23,250,000      18,750,000       22,277,473     12,940,257           15,145,730
                                ================  ============== ================  =============   ==================

Net (loss) per common share -
basic and diluted                  $      (0.00)     $    (0.00)     $     (0.01)     $   (0.01)        $      (0.02)
                                ================  ============== ================  =============   ==================
</TABLE>
    The accompanying notes are an integral part of the financial statements.

<PAGE>
                                                                     Page 4 of 9

                                 RadioTower.com
                            fka Magnum Ventures Inc.
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                                                    For the Period
                                                             Nine Months          Nine Months         May 5, 1998
                                                                ended                ended          (inception) to
                                                              September            September           September
                                                               30, 2000             30, 1999           30, 2000
                                                           -----------------    -----------------   ----------------
<S>                                                           <C>                   <C>               <C>
Cash flows from operating activities:
Net cash flow from operating activities                       $   (119,749)         $   (58,590)      $    (250,189)
Cash flows from investing activities:
  Purchase of fixed assets                                                -                    -             (4,079)
  Organization costs                                                      -                    -               (812)
  Investment in mineral claims                                            -                    -             (5,000)
                                                           -----------------    -----------------   ----------------
Net cash (used in) investing activities                                   -                    -             (9,891)
                                                           -----------------    -----------------   ----------------

Cash flows from financing activities:
  Proceeds from loans payable - shareholders                       135,544                35,370            200,519
  Payments for loans payable - shareholders                        (16,684)                    -            (16,684)
  Proceeds from related party advances                                    -                    -             15,000
  Proceeds from stock sales, net of issuance costs                        -               25,000             43,118
  Proceeds from stock subscriptions                                       -                    -             19,000
                                                           -----------------    -----------------   ----------------
Net cash provided by financing activities                          118,860                60,370            260,953
                                                           -----------------    -----------------   ----------------

Increase (decrease) in cash                                           (889)                1,780                873

Beginning cash                                                        1,762                5,789                  -
                                                           -----------------    -----------------   ----------------
Ending cash                                                        $    873           $    7,569         $      873
                                                           =================    =================   ================

Supplemental cash flow information:

  Cash paid for interest                                     $            -         $          -       $      (327)
Noncash transactions:
  Issuance of stock for repayment of advances                $            -         $          -       $   (15,000)
  Issuance of stock for purchase of goodwill                 $            -         $   (65,500)       $   (65,000)
  Issuance of stock subscriptions in repayment of
    accrued wages                                            $            -         $          -       $   (11,000)
</TABLE>

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

<PAGE>

                                                                     Page 5 of 9

                              RadioTower.com, Inc.
                          (A Development Stage Company)
                          Notes to Financial Statements
                                   (Unaudited)

Note 1.  BASIS OF PRESENTATION

The accompanying  unaudited condensed financial statements have been prepared in
accordance with generally accepted  accounting  principles for interim financial
information.  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,  consisting  only of  normal
recurring adjustments,  considered necessary for a fair presentation,  have been
included in the accompanying  unaudited financial statements.  Operating results
for the periods presented are not necessarily indicative of the results that may
be expected for the full year. For further  information,  refer to the financial
statements and notes thereto, included in the Company's Form 10-KSB for the year
ended December 31, 1999.

Note 2.  NET LOSS PER SHARE

The net loss per share  amounts  are  based on the  weighted  average  number of
common  shares  outstanding  for the  period.  Potential  common  shares and the
computation of diluted  earnings per share are not  considered,  as their effect
would be anti-dilutive.

Note 3.  STOCKHOLDERS' EQUITY

In 1999,  stock  subscriptions  for 1,900,000 shares of common stock were issued
for cash of $19,000.

Also in 1999,  stock  subscriptions  for  1,100,000  shares of common stock were
issued in exchange for payment of accrued wages of $11,000.

The  common  stock for the stock  subscriptions  mentioned  above was  issued in
February,  2000 pursuant to section 4(2) and  Regulation S of the Securities Act
of 1933.

In 2000, the Company  approved a 3:2 stock split of its common shares  effective
for shareholders of record as of June 20, 2000.

Note 4.  SUBSEQUENT EVENTS

In October  2000,  the  Company  announced  the  resignation  of its  President,
Secretary,  and Treasurer,  who was replaced on an interim basis by the Chairman
of the Board of  Directors.  The Company is in active  discussions  with several
industry professionals to fill the role of President.
<PAGE>
                                                                     Page 6 of 9

ITEM 2. PLAN OF OPERATION.

This  discussion  contains   forward-looking   statements  regarding  plans  and
objectives of RadioTower for future operations,  including statements concerning
the development of website technology and strategies for proposed  generation of
revenue to drive traffic to RadioTower's website. Such statements are subject to
risks and  uncertainties,  including  future  economic,  competitive  and market
conditions,  the cost of any  future  governmental  regulation  of  RadioTower's
activities  and   RadioTower's   need  to  raise  additional  funds  to  satisfy
anticipated  cash needs over the next twelve (12) months,  as  discussed  below.
Although RadioTower believes that the assumptions underlying the forward-looking
statements  are  reasonable,  such  assumptions  could prove  inaccurate.  These
forward-looking  statements  refer  only to the  date of this  report,  and this
discussion should be read in conjunction with the financial statements and other
financial information contained in this report.

RadioTower did not generate any revenues from its business operations during its
1998  fiscal  year.  RadioTower  is in the early  stages of  operation  and just
beginning to generate  business  revenues.  Since June 30, 1999,  RadioTower has
generated revenues from the sale of onsite advertising.

RadioTower's  twelve-month  plan of  operation is to (i) improve the quality and
quantity of content on its website in order to provide a unique online directory
connecting  listeners to stations  worldwide,  (ii) increase  site traffic,  and
(iii) develop more revenue-generating programs.  RadioTower plans to improve its
site by  developing  a more  dynamic  interface  and making  the site  easier to
navigate  and  more  graphically  exciting.  RadioTower  plans  to  utilize  new
technologies  and  software  such as Flash with  Vector  graphics to improve the
quality of the website.  RadioTower's  strategy is to enhance the product design
while increasing brand awareness and loyalty among its listeners.

(A)  CONTENT

It is  management's  intent to continue  to add as many  stations as possible to
RadioTower's  directory  and to continue  to add more  contextual  and  specific
information to RadioTower's website. As technology improves, management plans to
provide more customized  features and a much more interactive  interface so that
the website will have a user-friendly  design and a quick download time and will
have  cross-reference  capabilities.  It is intended  that the site will provide
users  with  more   information   on  their  searches  such  as  better  station
descriptions,   and  will  highlight  special  events,  concerts  and  regularly
scheduled features.  Management intends to improve  RadioTower's website so that
it will also  provide a multiple of dynamic ways for visitors to interact in the
site.  These  developments  are currently in progress and will be released on an
ongoing basis.

RadioTower  plans to continue to hire  employees as the need arises and finances
allow.  Positions will include web programmers,  graphic  artists,  web masters,
multimedia   designers,   web   writers,   marketing   representatives,    sales
representatives and administrators.

(B)  SITE TRAFFIC

In order to increase  site  traffic,  RadioTower  intends to launch an extensive
sales and marketing  campaign to promote its website.  The campaign will include
banner and audio advertising on the Internet,  print ads in relevant print media
and spot ads on radio stations.  RadioTower will participate in trade shows that
have an Internet, technology and/or radio focus.

(C)  REVENUE

RadioTower  will  attempt to generate  more revenue by (i)  acquiring  exclusive
rights  to radio  personalities  and  content  and (ii)  putting  in place  more
e-commerce  affiliations.  RadioTower will pursue  exclusive  arrangements  with
radio stations to rebroadcast  their content.  RadioTower  will endeavor to make
arrangements with various radio personalities and shows and recording artists to
broadcast  their material on the RadioTower  site. This will create exposure for
the content provider and a marketing opportunity for RadioTower to drive traffic
to the site.
<PAGE>
                                                                     Page 7 of 9


RadioTower  is in the early stages of operation  and just  beginning to generate
business revenues. Revenue generating programs include:

         o        Advertising  - Burst Media and Music Vision LLC  currently act
                  as agents to place ads on the RadioTower site; and

         o        AudioAds - beta site  available  for  demonstration  purposes,
                  full launch set for the fourth  quarter of 2000,  to provide a
                  turn-key  solution  for  businesses  to  put  audio  on  their
                  websites.  The final stage of beta testing is currently  under
                  way.

(D)  SUMMARY

RadioTower  cannot satisfy its cash  requirements for the next 12 months without
having to raise additional funds. RadioTower's expected cash requirement for the
next 12 months is $180,000. As RadioTower's monthly user base grows,  management
expects advertising and e-commerce  revenues to grow  significantly.  RadioTower
also expects to raise any required additional funds by way of equity and/or debt
financing.  However, RadioTower may not be able to raise the required funds from
such  financings.  In that case RadioTower  will proceed by approaching  current
shareholders for loans to cover operating costs.

RadioTower  does  not  presently  plan to  purchase  any  plant  or  significant
equipment.  RadioTower  will  continue  with its  research  and  development  by
conducting continuous perceptual studies to monitor what listeners want from its
website and by continuing to explore  various  e-commerce  models to ensure that
its website continues to meet the listeners' needs.

                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

         RadioTower is not a party to any pending legal proceedings,  and to the
best of RadioTower's  knowledge,  none of RadioTower's assets are the subject of
any pending legal proceedings.

ITEM 2.  CHANGES IN SECURITIES.

         During the third  quarter of the fiscal  year  covered by this  report,
RadioTower  did  not  modify  the   instruments   defining  the  rights  of  its
shareholders,  no rights of any  shareholders  was limited or  qualified  by any
other class of securities,  and RadioTower did not sell any unregistered  equity
securities.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

         During the third quarter of the fiscal year covered by this report,  no
material  default has occurred with respect to any  indebtedness  of RadioTower.
Also during this quarter, no arrearage in the payment of dividends has occurred.

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

         No matter was  submitted  to a vote of  security  holders,  through the
solicitation  of proxies or  otherwise,  during the third  quarter of the fiscal
year covered by this report.

ITEM 5.  OTHER INFORMATION.

         RadioTower  elected not to renew its contract  with Pronet  Enterprises
Ltd. that came up for renewal on August 21, 2000.  RadioTower gave 60-day notice
of this action in accordance with the Master  Distributor  Agreement between the
companies,  dated  August 21,  1997.  RadioTower  received no revenue  from this
agreement.

         On August 21, 2000,  market  maker  William V. Frankel & Co. filed Form
211 with the NASD for a price  quotation  of  RadioTower's  common  stock on the
Over-the-Counter  Bulletin  Board  (the "OTC  BB").  RadioTower's  common  stock
commenced trading on the OTC BB on August 25, 2000.

<PAGE>
                                                                     Page 8 of 9


         On  September  6, 2000,  RadioTower  announced  it signed a  definitive
Distribution Partnership with NetBroadcaster.com to launch a co-branded Internet
radio directory website. RadioTower will retain 50% of revenue derived from this
partnership.  While awaiting implementation of this website,  NetBroadcaster.com
is providing a link to RadioTower.

         On  October  5,  2000,  Alan  Brown  resigned  from  his  positions  as
President, Treasurer and Secretary of RadioTower, and was replaced on an interim
basis by Michael  Levine,  RadioTower's  Chairman.  The Company is  currently in
discussions with several industry professionals to fill the role of President.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  EXHIBITS

         All   Exhibits   required  to  be  filed  with  this  Form  10-QSB  are
incorporated  by  reference  to  RadioTower's  previously  filed Form 10-SB,  as
amended, and Form 10-KSB for the year ended December 31, 1999.
<TABLE>
<CAPTION>

            EXHIBIT                                               DESCRIPTION
            -------                                               -----------
<S>                 <C>
            Exhibit 2.1        Corporate Charter                                                                  Filed
            Exhibit 2.2        Articles of Incorporation                                                          Filed
            Exhibit 2.3        Certificate of Amendment of Articles of Incorporation                              Filed
            Exhibit 2.4        By-Laws                                                                            Filed
            Exhibit 3          Instruments defining the rights of security holders                                None
            Exhibit 5          Voting Trust Agreement                                                             None
            Exhibit 6.1        Purchase Agreement                                                                 Filed
            Exhibit 6.2        Licensing Agreement with Global Media                                              Filed
            Exhibit 6.3        Site Contract with Burst Media                                                     Filed
            Exhibit 6.4        Interim Licensing Agreement with Destiny Media Technologies Inc.                   Filed
            Exhibit 6.5        Master Distributor Agreement with Pronet Enterprises Ltd.                          Filed
            Exhibit 6.6        Contract with Eline Technologies Inc.                                              Filed
            Exhibit 6.7        Copies of Promissory Notes given to insiders                                       Filed
            Exhibit 7          Material Foreign Patents                                                           None
            Exhibit 12         Additional Exhibits                                                                None
            Exhibit 27         Financial Data Schedule                                                            Filed
</TABLE>

(b)  REPORTS ON FORM 8-K.

         There  were no  reports  on Form 8-K filed by the  Company  during  the
quarter ended September 30, 2000.

<PAGE>

                                                                     Page 9 of 9

                                   SIGNATURES

In accordance  with the  requirements  of the  Securities  Exchange Act of 1934,
RadioTower has caused this report to be signed on its behalf by the undersigned,
who are duly authorized.

             RADIOTOWER.COM, INC.

             By:   /s/ MICHAEL LEVINE
                ---------------------------------------------------------------

             Name and Title: MICHAEL LEVINE - CHAIRMAN, PRESIDENT AND TREASURER
                             --------------------------------------------------

             Dated:  November 14, 2000
                   ------------------------------------------------------------


             By:   /s/ PAUL VALKAMA
                ---------------------------------------------------------------

             Name and Title: PAUL VALKAMA - DIRECTOR
                             --------------------------------------------------

             Dated:  November 14, 2000
                   ------------------------------------------------------------