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 year ended                March 31
                                                         -----------------------

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

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

                                 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 AT MAY 15, 2000
            -----                          ---------------------------
  Common Stock - $0.001 par value                  15,500,000

Transitional Small Business Disclosure Form at (Check one): YES [ X ] NO [ ]

<PAGE>

RADIOTOWER.COM, INC.              FORM 10-QSB                        PAGE 2 OF 2

                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS.

                               RadioTower.com Inc.
                            fka Magnum Ventures Inc.
                          (A Development Stage Company)
                                  Balance Sheet
                                 March 31, 2000
                                   (unaudited)

<TABLE>
<CAPTION>
                                     ASSETS
<S>                                                             <C>
Other assets:
  Domain asset, net                                             $   50,917
  Property, plant & equipment                                        4,079

                                                                $   54,996

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Bank overdraft                                                $      145
  Accounts payable and accrued liabilities                          44,289
    Total current liabilities                                       44,434

Other liabilities:
  Loans payable - stockholders                                     108,082

Commitments and contingencies

Stockholders' equity:
  Preferred stock, $0.01 par value,
     1,000,000 shares authorized, none outstanding                      --
  Common stock, $0.001 par value,
    50,000,000 shares authorized,                                   15,500
    15,500,000 shares issued                                       137,618
  Additional paid in capital
  Deficit accumulated during the
     development stage                                            (250,638)
                                                                   (97,520)

                                                                 $  54,996
</TABLE>

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

<PAGE>

RADIOTOWER.COM, INC.              FORM 10-QSB                        PAGE 3 OF 3

                               RadioTower.com Inc.
                            fka Magnum Ventures Inc.
                          (A Development Stage Company)
                            Statements of Operations
                                   (unaudited)

<TABLE>
<CAPTION>
                                                                                                          For the Period
                                                                 Three months         Three months          May 5, 1998
                                                                    ended                ended            (inception) to
                                                                March 31, 2000       March 31,1999        March 31, 2000
<S>                                                              <C>                   <C>                  <C>
Revenue                                                          $       597           $       --           $     1,445

Costs and expenses:
  Selling, general and administrative                                 60,621                5,789               230,252
  Amortization                                                         3,250                   --                14,895
  Loss on investment in mineral property                                  --                   --                 5,000
       Total operating expenses                                       63,871                5,789               250,147

Operating (loss)                                                     (63,274)              (5,789)             (248,702)

Other income (expense)
  Interest expense                                                        --                   --                  (327)
  Foreign currency transaction gain (loss)                                 5                   --                  (262)
  Other expense                                                           --                   --                (1,347)
                                                                           5                   --                (1,936)
Net (loss)                                                       $   (63,269)          $   (5,789)          $  (250,638)

Per share information:

  Weighted average number
  of common shares outstanding - basic and diluted                13,533,333            3,609,589             8,515,200

Net (loss) per common share - basic and diluted                  $     (0.00)          $    (0.00)           $    (0.03)
</TABLE>

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

<PAGE>

RADIOTOWER.COM, INC.              FORM 10-QSB                        PAGE 4 OF 4

                                 RadioTower.com
                            fka Magnum Ventures Inc.
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                                  For the Period         For the Period
                                                             Three months          Three months            May 5, 1998
                                                                 ended                 ended             (inception) to
                                                            March 31, 2000         March 31,1999         March 31, 2000
<S>                                                              <C>                   <C>                   <C>
Cash flows from operating activities:
Net (loss)                                                       $   (63,269)          $    (5,789)          $   (250,638)
Adjustments to reconcile net (loss) to net
  cash used in operating activities:
  Amortization                                                         3,250                    --                 14,895
  Increase in accounts payable and accrued liabilities                15,005                    --                 55,289
  Increase in cash overdraft                                             145                    --                    145
  Loss on investment                                                      --                    --                  5,000
Net cash (used in) operating activities                              (44,869)               (5,789)              (175,309)

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                          43,107                    --                108,082
  Proceeds from related party advances                                    --                    --                 15,000
  Proceeds from stock sales, net of issuance costs                        --                    --                 43,118
  Proceeds from stock subscriptions                                       --                    --                 19,000
Net cash provided by financing activities                              43,107                   --                185,200

(Decrease) in cash                                                     (1,762)              (5,789)                    --

Beginning cash                                                          1,762                5,789                     --

Ending cash                                                      $         --          $        --          $          --

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                     $         --          $        --          $     (65,000)
  Issuance of stock subscriptions in repayment of
    accrued wages                                                $         --          $        --          $     (11,000)
</TABLE>

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

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

<PAGE>

RADIOTOWER.COM, INC.              FORM 10-QSB                        PAGE 5 OF 5

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.  Common  stock was issued in  February,  2000  pursuant to
Regulation S, Rule 144.

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.  Common  stock was
issued in February, 2000 pursuant to Regulation S, Rule 144.

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

     RadioTower.com,  Inc.  ("RADIOTOWER")  did not have any revenues  generated
from its business operations during its last three fiscal years.

     RadioTower's  twelve-month  plan of operation is to (i) improve the quality
and  quantity  of content on its  website  in order to provide  the best  online
directory  connecting  listeners  to  stations  worldwide,  (ii)  increase  site
traffic,  and (iii) develop more  revenue-generating  programs.  RadioTower will
improve its site by  developing  a more  dynamic  interface  and making the site
easier to navigate and more  graphically  exciting.  RadioTower will 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 its  directory  and will also  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.  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  will 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

     The  RadioTower   Store  will  be  redesigned  to  integrate   better  with
RadioTower's  new site,  offering  a better  shopping  experience.  The store is
currently  up and running and fully  operational.  It will be expanded by adding
new products as they become  available and providing  multiple links  throughout
the site to specific store pages.  For example,  listeners to rock stations will
be encouraged to visit the rock section of the store and will have links to rock
content areas of the store.

     In order to increase  site  traffic,  RadioTower  will 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.

<PAGE>

RADIOTOWER.COM, INC.              FORM 10-QSB                        PAGE 6 OF 6

(c)  REVENUE

     RadioTower will attempt to generate more revenue by (i) acquiring exclusive
rights to radio  personalities  and content,  and (ii)  expanding its e-commerce
store.  RadioTower  will pursue  exclusive  arrangements  with radio stations to
rebroadcast  their content.  RadioTower will endeavour 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.

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

     o    Advertising - Burst Media  currently  acts as an agent to place ads on
               the RadioTower site;
     o    RadioTower  Store - currently  operating,  it allows  visitors to make
               online purchases of CD's, videos, DVD's and books; and
     o    AudioAds - beta site  available,  full launch set of February 2000 and
               provides  turn-key  solution for  business' to put audio on their
               web site. 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  will not be  purchasing  any  plant or  significant  equipment.
RadioTower  will  continue  with  its  research  or  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 its store and
website continue 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 first  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 nay
other class of securities,  and RadioTower did not sell any unregistered  equity
securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

     During the first  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 material 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 first  quarter of the fiscal
year covered by this report.

<PAGE>

RADIOTOWER.COM, INC.              FORM 10-QSB                        PAGE 7 OF 7

ITEM 5.  OTHER INFORMATION.

     Gizmomall is an online  retailer of new and  innovative  technology.  Their
goal is to be "the place to find the latest in innovative  lifestyle  technology
for you and your  friends & family."  With a secure  eCommerce  system in place,
visitors can view product  presentations  and safely  order  online.  Currently,
RadioTower.com  and Gizmomall have a traffic  sharing  agreement - visitors from
both sites are funnelled into one interface that includes the Gizmomall shopping
site and the  RadioTower  Internet  radio  directory.  This  agreement  is of an
informal  nature as  negotiations  for further  integration  are ongoing.  These
negotiations  concern themselves with 1) putting a revenue-sharing  agreement in
place and 2) the outright  purchase of the  Gizmomall  name,  site,  proprietary
software, customer base and good will.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)  EXHIBITS

     All Exhibits  required to be filed with the Form 10-QSB are incorporated by
reference to RadioTower's previously filed Form 10-SB and Form 10-KSB.

<TABLE>
<CAPTION>
EXHIBIT                                               DESCRIPTION
-------                                               -----------
<S>                   <C>                                                                          <C>
Exhibit A             1.  Unaudited Financial Statements as of March 31, 2000                      Included
Exhibit 2             Charter and by-laws                                                          Filed
Exhibit 3             Instruments defining the rights of security holders                          None
Exhibit 5             Voting Trust Agreement                                                       None
Exhibit 6             Material Contracts                                                           Filed
Exhibit 7             Material Foreign Patents                                                     None
Exhibit 12            Additional Exhibits                                                          None
Exhibit 27            Financial Data Schedule                                                      Included
</TABLE>

(b) REPORTS ON FORM 8-K.

     There were no reports on Form 8-K filed by the  Company  during the quarter
ended March 31, 2000.

<PAGE>

RADIOTOWER.COM, INC.              FORM 10-QSB                        PAGE 8 OF 8

                                   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/ ALAN BROWN
                    ------------------------------------------------------------

                 Name and Title: ALAN BROWN - PRESIDENT, SECRETARY AND TREASURER
                                 -----------------------------------------------

                 Dated: May 16, 2000
                       ---------------------------------------------------------


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

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

                 Dated:  May 16, 2000
                       ---------------------------------------------------------