FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D. C. 20549


             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


For the quarter ended:                      September 30, 2000

Commission file number:                     333-36522

                           Wholesale On The Net, Inc.
                   -------------------------------------------
             (exact name of registrant as specified in its charter)

       Nevada                                                75-2853946
-----------------------                                      ----------
(State of Incorporation)                                    (IRS ID No.)


            1529 East Interstate 30, Suite 104, Garland, Texas     75043
      ----------------------------------------------------------- ----------
               (Address of principal executive offices)           (Zip code)

Registrant's telephone number, including area code: 972-303-0405

Check whether the  registrant  filed all  documents  and reports  required to be
filed by Section 12, 13 or 15(d) of the Exchange Act after the  distribution  of
securities under a plan confirmed by a court. Yes [x ] No [ ].


Shares of common stock outstanding at September 30, 2000:

                                                     1,000,000







<PAGE>



                                TABLE OF CONTENTS



PART I - FINANCIAL INFORMATION                                       Page Number


Item  1.          Financial Statements                                    1 - 6

Item  2.          Managements's Discussion and Analysis
                  of Financial Condition and Results of Operations        7


PART II - OTHER INFORMATION                                               8












<PAGE>

<TABLE>

<CAPTION>

                           WHOLESALE ON THE NET, INC.
                          (a Development Stage Company)

                                 BALANCE SHEETS
                      September 30, 2000 and June 30, 2000



                                     ASSETS

                                                                 Sept 30, 2000         June 30, 2000
                                                               ------------------    ------------------
<S>                                                            <C>                   <C>

CURRENT ASSETS:
    Cash                                                                    $651                  $853

PROPERTY AND EQUIPMENT:
    Equipment (net of accumulated depreciation of $15)                       235                   244
    Website (net of accumulated amortization of $5,555)                   14,445                16,111

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

TOTAL ASSETS                                                             $15,331               $17,208
                                                               ==================    ==================




                      LIABILITIES AND STOCKHOLDERS' EQUITY


LIABILITIES
     Advances from officer                                                $1,518                $1,518
                                                               ------------------    ------------------
TOTAL CURRENT LIABILITIES                                                  1,518                 1,518

STOCKHOLDERS' EQUITY
    Common stock, $0.001 par value                                         1,000                 1,000
    Additional paid-in-capital                                            24,000                23,400
    Accumulated Deficit                                                  (11,187)               (8,710)
                                                               ------------------    ------------------
        Total Stockholders' Equity                                        13,813                15,690
                                                               ------------------    ------------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                               $15,331               $17,208
                                                               ==================    ==================
</TABLE>















See accompanying notes                1




<PAGE>

<TABLE>

<CAPTION>


                           WHOLESALE ON THE NET, INC.
                          (a Development Stage Company)

                             STATEMENT OF OPERATIONS

              Three months ended September 30, 2000 and 1999, and
          Period from Inception (June 30, 1999) to September 30, 1999

                                                                                             Period from
                                                                                               Inception
                                                     Three months      Three months         (June 30, 1999)
                                                         ended             ended                  to
                                                     Sept 30, 2000     Sept 30, 1999         Sept 30, 2000
                                                   ------------------------------------    ------------------
<S>                                                <C>                 <C>                 <C>


REVENUE:
    Sales                                                          0                 0                $3,799
                                                   ------------------------------------    ------------------
    Total revenue                                                 $0                $0                $3,799

COST OF SALES:                                                     0                 0                 2,938
                                                   ------------------------------------    ------------------

GROSS PROFIT                                                       0                 0                   861

OPERATING EXPENSE:
    Depreciation and amortization                              1,676                 0                 5,571
    Rent - related party                                         600               600                 3,000
    Consulting - related party                                                   1,500                 1,500
    General and administrative                                   205               393                 1,994
                                                   ------------------------------------    ------------------
        Total Operating Expense                                2,481             2,493                12,065
                                                   ------------------------------------    ------------------

INCOME FROM OPERATIONS                                        (2,481)           (2,493)              (11,204)

OTHER INCOME:
    Interest income                                                4                                      17
                                                   ------------------------------------    ------------------

NET LOSS                                                     ($2,477)          ($2,493)             ($11,187)
                                                   ====================================    ==================


Weighted average shares outstanding                        1,000,000         1,000,000             1,000,000
                                                   ====================================    ==================

LOSS PER SHARE                                                ($0.00)           ($0.00)               ($0.00)
                                                   ====================================    ==================

</TABLE>













See accompanying notes                2



<PAGE>

<TABLE>

<CAPTION>

                           WHOLESALE ON THE NET, INC.
                          (a Development Stage Company)


           STATEMENT OF STOCKHOLDERS' EQUITY AND ACCUMULATED DEFICIT
           Period from Inception(June 30, 1999) to September 30, 2000




                                                    Common                      Paid In         Accumulated
                                           Shares             Amount            Capital           Deficit                Total
                                    ------------------------------------------------------------------------    ------------------
<S>                                        <C>                <C>               <C>             <C>             <C>

Balance,
        June 30, 1999
        (date of inception)                       -0-               -0-               -0-               -0-                   -0-

Shares issued on July 1, 1999 for:
           Cash                               150,000               150               350                                     500
           Services                           450,000               450             1,050                                   1,500

       August 27, 1999 for:
           Cash                               400,000               400            19,600                                  20,000

Paid in capital by officer (rent)                                                   2,400                                   2,400

Net Loss                                                                                             (8,710)               (8,710)

                                    ------------------------------------------------------------------------    ------------------
Balance
        June 30, 2000                       1,000,000            $1,000           $23,400           ($8,710)              $15,690
                                    ========================================================================    ==================


Paid in capital by officer (rent)                                                     600                                     600

Net Loss                                                                                             (2,477)               (2,477)

                                    ------------------------------------------------------------------------    ------------------
Balance
        June 30, 2000                       1,000,000             1,000            24,000           (11,187)               13,813
                                    ========================================================================    ==================

</TABLE>















See accompanying notes                3



<PAGE>

<TABLE>

<CAPTION>


                           WHOLESALE ON THE NET, INC.
                          (a Development Stage Company)

                             STATEMENT OF CASH FLOWS

              Three months ended September 30, 2000 and 1999, and
          Period from Inception (June 30, 1999) to September 30, 2000

                                                                                                                   Period from
                                                                                                                    Inception
                                                                          Three months      Three months         (June 30, 1999)
                                                                              ended             ended                  to
                                                                          Sept 30, 2000     Sept 30, 1999         Sept 30, 2000
                                                                        ------------------------------------    ------------------
<S>                                                                     <C>                 <C>                 <C>

CASH FLOWS FROM OPERATING ACTIVITIES:
    Net loss                                                                      ($2,477)          ($2,493)             ($11,187)
    Adjustments to reconcile net loss to net
            cash (used) by operating activities:
                Items not requiring cash - depreciation                             1,676                                   5,570
                Items not requiring cash - stock issued for services                                  1,500                 1,500
                Increase in current liabilities                                                          70                 1,518

                                                                        ------------------------------------    ------------------
NET CASH (USED) BY OPERATING ACTIVITIES:                                             (801)             (923)               (2,599)


CASH FLOWS FROM INVESTING ACTIVITIES:
    Purchase of assets                                                                              (20,000)              (20,250)

CASH FLOWS FROM FINANCING ACTIVITIES:
    Sale of common stock                                                                             20,500                20,500
    Paid in capital by officer                                                        600               600                 3,000
                                                                        ------------------------------------    ------------------
    Total cash flows from financing activities                                        600            21,100                23,500

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

NET INCREASE IN CASH                                                                ($201)             $177                  $651

CASH, BEGINNING OF PERIOD                                                             852                 0                     0
                                                                        ------------------------------------    ------------------

CASH, END OF PERIOD                                                                  $651              $177                  $651
                                                                        ====================================    ==================

</TABLE>















See accompanying notes                4



<PAGE>
                           WHOLESALE ON THE NET, INC.

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 2000

Note A - Nature of Business and Summary of Significant Accounting Policies:
---------------------------------------------------------------------------
History:
-------

The Company was organized  June 30, 1999 under the name of Wholesale On The Net,
Inc. in the State of Nevada.  The  Company's  business plan outlines its plan of
operations which is to sell products over the internet.

Basis of Accounting:
--------------------
It is the Company's  policy to prepare its  financial  statements on the accrual
basis of accounting in conformity with generally accepted accounting principles.
Sales are recorded as income in the period in which they are earned and expenses
are recognized in the period in which the related liability is incurred.

Revenue Recognition:
--------------------
Revenue is  recognized  when goods are shipped and  invoiced.  The Company  will
purchase  goods and resell  them;  on these items  revenue is booked at the full
sales price and the respective  cost of sales  recorded.  On items that are drop
shipped by a manufacturer  directly to a customer,  the sale price less the cost
of the item is recorded as income.

Cash and Cash Equivalents:
--------------------------
For purposes of the  statement of cash flows,  the Company  considers all highly
liquid  debt  instruments  with a  maturity  of three  months or less to be cash
equivalents.

Loss per Common Share:
----------------------
Loss  applicable  to common  share is based on the  weighted  average  number of
shares of common stock outstanding during the year.

Accounting Estimates:
---------------------
The preparation of financial  statements in conformity  with generally  accepted
accounting   principles  requires  management  to  make  certain  estimates  and
assumptions  that affect the amount  reported in the  financial  statements  and
accompanying notes. Actual results could differ from those estimates.

Income Tax:
-----------
The Company is subject to the greater of federal income taxes computed under the
regular system or the alternative  minimum tax (ATM) system. The Company uses an
asset and  liability  approach for the  accounting  and  financial  reporting of
income  tax.  Under  this  method,  deferred  tax  assets  and  liabilities  are
determined based on temporary differences between the financial carrying amounts
and the tax bases of assets and liabilities using enacted tax rates in effect in
the years in which the temporary differences are expected to reverse.


                                       5


<PAGE>



                           WHOLESALE ON THE NET, INC.

                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 2000


Note B - Web site:
------------------

The  Company's  primary  asset  is its  web  site  which  is the  center  of its
operational and income generating activities for which it paid $20,000. The cost
of the web site is being  amortized  over three years  starting in December 1999
when it was completed.

Note C - Advances from officer:
-------------------------------

During the period from  inception ( June 30, 1999)  through  September 30, 2000,
the President  paid expenses  ($1027 for product,  $70 for domain  registration,
$331 for  shipping  and $90 for office  supplies)  on behalf of the  Company for
which  he has not been  repaid.  The  Company  does  not owe  interest  on these
advances, and the advances are to be repaid when the Company makes a profit from
operations. These amounts have been recorded as a current liability.

Note D - Stockholders' Equity:
------------------------------

Common Stock:
-------------
The Company is  authorized to issue  25,000,000  common shares of stock at a par
value of $0.001 per share.  These shares have full voting  rights.  At September
30, 2000 and June 30, 2000, there were 1,000,000 shares respectively.

The Company has not paid a dividend to its shareholders.

Note E - Income Taxes:
----------------------

The Company had a net operating loss of $11,187 for the period since  inception.
No  deferred  tax  asset  has  been  recognized  for the  operating  loss as any
valuation allowance would reduce the benefit to zero.

Note F - Going Concern:
-----------------------

The Company has minimal capital resources available to meet obligations expected
to be  incurred  given  that  it is a  start  up  enterprise.  Accordingly,  the
Company's continued existence is dependent upon the successful  operation of the
Company's plan of operations,  selling common stock in the Company, or obtaining
financing.  Unless  these  conditions  among  others are met, the Company may be
unable to continue as a going concern.


                                       6


<PAGE>



Item 2:           MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
                  CONDITION AND RESULTS OF OPERATIONS.


Results of Operations

The Registrant  filed a registration  statement on Form SB-1 with the Securities
and  Exchange  Commission  to  raise a  minimum  of  $50,000  and a  maximum  of
$1,000,000  which became  effective on September 20, 2000.  The  Registrant  has
raised funds under that registration  statement and as of September 30, 2000 had
not raised the minimum amount.  On October 27, 2000, the Registrant broke escrow
by  raising  $53,200 by selling  212,800  shares at $0.25 per share.  Under this
offering,  the Registrant was authorized to sell a minimum of 200,000 shares and
a maximum of 4,000,000 shares at $0.25 per share.

As of the date of this filing,  the Registrant is still  soliciting  funds under
its offering.

The  Registrant is engaged in the sale of products  over the  internet.  At this
time, art and water filters are sold.

Liquidity

The Registrant has liquid assets of $853 and total current assets of $853.  This
amount does not include any funds raised in the offering  described  above since
the  Registrant had not broken escrow and raised the minimum amount by September
30, 2000.

The Registrant has minimal expenses and no commitments.

Capital Resources

The Registrant's  capital resources have been generated from the minimal sale of
products through its web site and since October 27, 2000, has capital  resources
from the sale of stock under its  registration  statement that became  effective
September 20, 2000.

There were no plans or  requirements  for  purchase of capital  items during the
quarter for  company  purposes.  The  Registrant  does not foresee any  material
capital purchase in the coming twelve months.

Subsequent events

The  Registrant  raised the minimum  offering on October 27, 2000 under its SB-1
registration  statement filed with the U.S. Securities and Exchange  Commission.
The Registrant continues to raise funds under this offering.


                                        7

<PAGE>



PART II.     OTHER INFORMATION


Item  1.     Legal Proceedings.

                  The Company is not involved in any legal proceedings.

Item  2.     Changes in Securities.

                  Registrant has made no changes in its securities.

Item  3.     Defaults Upon Senior Securities.

                  Registrant  has  no  senior   securities  and  accordingly  no
defaults.

Item  4.     Submission of Matters to a Vote of Security Holders.

                  Registrant submitted no matters to a vote of security holders.

Item  5.     Other Information.

                  None.

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

                  None.








                                        8

<PAGE>


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                                    Wholesale On The Net, Inc.
                                                    ----------------------------
                                                     (Registrant)


                                                    BY:  /s/ Thomas Bieger
                                                         -----------------------
                                                          Thomas Bieger
                                                    Its: President and Secretary

DATE:   November 12, 2000
              Garland, Texas





                                        9