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

FORM 10-QSB



[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
      November 30, 2000
For the quarterly period ended ______________________

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For the transition period from _____________ to ___________

Commission file number  ____________________________


eCom eCom.com, Inc.
__________________________________________________
(Exact name of small business issuer as specified in its charter

			Florida			     65-0538051
_______________________________________________
(State or other jurisdiction of incorporation or organization)      ( IRS
Employer Identification No.)

3801 PGA Boulevard, Suite 1026, Palm Beach Gardens, FL  33410
_________________________________________________________________ (Address of
principal executive offices)

	561	   	 622	   	      4395
(___________) _________ - ______________________________________
(Issuers telephone number)

N/A
_________________________________________________________________ (Former name,
former address and formal fiscal year, if changed since last report)

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS

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



APPLICABLE ONLY TO CORPORATE ISSUERS

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

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























         eCOM eCOM.COM, INC.
          FINANCIAL STATEMENTS

          November 30, 2000















































TABLE OF CONTENTS


							       Page

INDEPENDENT ACCOUNTANT'S REPORT			         1

FINANCIAL STATEMENTS

Consolidated Balance Sheets				          2

Consolidated Statements of Operations		          3

Consolidated Statements of Stockholders' Equity	     5

Consolidated Statements of Cash Flows			     6

Notes to Financial Statements					     8













WIESENECK, ANDRES & COMPANY, P.A.
Certified Public Accountants
772 U.S. HIGHWAY 1, SUITE 200
NORTH PALM BEACH, FLORIDA 33408
(561) 626-0400

THOMAS B. ANDRES, C.P.A.*, C.V.A.
		      FAX (561) 626-3453
PAUL M. WIESENECK, C.P.A.
*Regulated by the State of Florida

INDEPENDENT ACCOUNTANT'S REPORT

To the Board of Directors and Stockholders
eCom eCom.com, Inc.

We have reviewed the accompanying balance sheets of eCom eCom.com,
Inc. as of November 30, 2000 and May 31, 2000 and the related
consolidated statements of operations, stockholders' equity, and
cash flows for the three-month periods and the six-month periods
ended November 30, 2000 and November 30, 1999. These financial
statements are the responsibility of the Company's management.

We conducted our review in accordance with standards established
by the American Institute of Certified Public Accountants.  A
review of interim financial information consists principally of
applying analytical procedures to financial data and making
inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted
in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the
financial statements taken as a whole.  Accordingly, we do not
express such as opinion.

Based on our review, we are not aware of any material
modifications that should be made to the accompanying financial
statements for them to be in conformity with generally accepted
accounting principles.

The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern.  As discussed
in the notes to the financial statements, the Company's current
liabilities exceed the current assets by $1 million and the
Company has incurred net operating losses since inception.  These
conditions raise substantial doubt about its ability to continue
as a going concern.  Management's plans regarding those matters
are described in the notes.  The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.


	Wieseneck, Andres & Company, P.A.


January 19, 2001

Page 1 of 17



eCOM eCOM.COM, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)

November 30, 2000				May 31, 2000


ASSETS


Current Assets

Cash and cash equivalents


 $             56,483

 $     139,402


Accounts receivable, net of allowance for

doubtful accounts of $6,500

               76,434

       156,959

Inventories

              533,262

       769,383



Prepaid expenses



               33,410

        61,326



Other current assets


                  602

        13,939




Total Current Assets


              700,191

     1,141,009



Property and Equipment, net

              162,810

       180,900


Other Assets



Intangible assets, net


               35,535

        46,069



Other assets



               20,592

        11,942




Total Other Assets


               56,127

        58,011






Total Assets



 $            919,128

 $   1,379,920




LIABILITIES AND STOCKHOLDERS' EQUITY



Current Liabilities



Bank overdraft



               37,165

           -



Accounts payable



 $            762,620

 $   1,237,036



Accrued expenses



               10,067

        21,977



Unearned revenue



              125,000

       187,562



Current portion of long term debt

              883,833

       676,033



Interest accrued on current portion
               42,579

        26,116




Total Current Liabilities

            1,861,264

     2,148,724

















Notes Payable, Net of Current Portion
              208,000

       308,000




Total Liabilities


            2,069,264

     2,456,724

















Stockholders' Equity








Common stock, $.0001 par value, 50 million







shares authorized, 16,729,901 and







14,885,675 shares issued and out-







standing including 2000 shares held in







treasury.




                1,673

         1,489



Paid-in capital



            5,179,012

     3,854,861



Accumulated deficit


           (6,325,821)

    (4,928,154)



Treasury stock



               (5,000)

        (5,000)




Total Stockholders' Deficit

           (1,150,136)

    (1,076,804)




















Total Liabilities and Stockholders' Equity
 $            919,128

 $   1,379,920
































See accompanying summary of accounting policies, notes to
financial statements and


independent's review report






















Page 2 of 17




eCOM eCOM.COM, INC.







CONSOLIDATED STATEMENTS OF OPERATIONS





(Unaudited)



























Six Months

Six Months











Ended

Ended











November 30, 2000

November 30, 1999


Revenues























Net Sales



 $               2,489,797

 $                 451,571



Cost of Sales



                 1,910,519

                    410,937


















Gross Profit



                    579,278

                      40,634
















Other Operating Expenses








Sales and marketing


                    322,153

                    282,330



Product development


                    220,807

                    264,949



General and administrative


                 1,377,466

                    274,594



Depreciation and amortization

                      40,478

                      32,260


















Total Operating Expenses

                 1,960,904

                    854,133
















Loss From Operations


                (1,381,626)

                   (813,499)
















Other Income (Expense)








Interest Income



                        1,504

                             -



Interest Expense



                     (17,545)

                       (7,178)


















Net Other Expenses


                     (16,041)

                       (7,178)
















Net Loss




 $              (1,397,667)

 $                (820,677)
















Net Loss Per Common Share


 $                    (0.088)

 $                    (0.063)
















Weighted Average Shares outstanding

                15,867,325

                13,027,350











See accompanying summary of accounting policies, notes
to financial statements and


independent's review report







    Page 3 of 17




eCOM eCOM.COM, INC.







CONSOLIDATED STATEMENTS OF OPERATIONS





(Unaudited)



























Three Months

Three Months











Ended

Ended











November 30, 2000

November 30, 1999


Revenues




Net Sales



 $               1,112,004

 $                 259,673



Cost of Sales



                    933,779

                    256,091


















Gross Profit



                    178,225

                        3,582
















Other Operating Expenses








Sales and marketing


                      60,595

                    136,881



Product development


                      64,781

                    146,660



General and administrative


                    644,011

                    119,960



Depreciation and amortization

                      20,431

                      16,649


















Total Operating Expenses

                    789,818

                    420,150
















Loss From Operations


                   (611,593)

                   (416,568)
















Other Income (Expense)








Interest Income



                        1,098

                             -



Interest Expense



                     (10,760)

                       (3,615)


















Net Other Expenses


                       (9,662)

                       (3,615)
















Net Loss




 $                (621,255)

 $                (420,183)
















Net Loss Per Common Share


 $                    (0.038)

 $                    (0.032)
















Weighted Average Shares outstanding

                16,328,382

                13,171,100









See accompanying summary of accounting policies, notes to
financial statements and


independent's review report







    Page 4 of 17

eCOM eCOM.COM, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
(Unaudited)



Common Stock


Additional





Total



Number of

At

Paid In

Accumulated

Treasury

Stockholders'














Shares

Par Value

Capital

Deficit

Stock

Deficiency




Balance, May 31, 1998
   11,894,600

 $     1,189

 $     484,361

 $     (545,921)

 $    (5,000)

 $      (65,371)







Issuance of




Common Stock


     1,089,000

           109

        450,913

                 -

             -

        451,022


Star Dot Marketing















Pooling of Interest

       675,000

             68

     1,269,932

     (1,129,201)

             -

        140,799


Net Loss






                -

             -

                -

        (619,606)

             -

       (619,606)









Balance, May 31, 1999
   13,658,600

        1,366

     2,205,206

     (2,294,728)

       (5,000)

         (93,156)





Issuance of






Common Stock


     1,227,075

           123

     1,649,655

                 -

             -

     1,649,778


Net Loss






                -

             -

                -

     (2,633,426)

             -

    (2,633,426)








Balance, May 31, 2000
   14,885,675
#
        1,489
#
     3,854,861
#
     (4,928,154)

       (5,000)
#
    (1,076,804)







Issuance of




Common Stock


     1,844,226

           184

     1,324,151

                 -

             -

     1,324,335


Net Loss






                -

             -

                -

     (1,397,667)

             -

    (1,397,667)










Balance, November 30, 2000
   16,729,901
#
        1,673
#
     5,179,012
#
     (6,325,821)

       (5,000)
#
    (1,150,136)





See accompanying summary of accounting policies, notes
to financial statements and





independent's review report












Page 5 of 17

eCOM eCOM.COM, INC.







CONSOLIDATED STATEMENTS OF CASH FLOWS




(Unaudited)






















Six Months

Six Months













Ended

Ended













November 30, 2000

November 30, 1999
















Cash Flows From Operating Activities






Net Loss







 $             (1,397,667)

 $                (820,677)


Adjustments to reconcile net loss to net cash used







in operating activities






                            -


Add noncash items










Depreciation and amortization



                     40,478

                     32,260


Cash was increased by










Decrease in accounts receivable



                     81,258

                       9,447



Decrease in inventory




                    236,121

                            -



Decrease in prepaid assets



                     27,916

                            -



Decrease in other current assets


                     13,337

                            -



Increase in accounts payable



                            -

                    430,881



Increase in accrued interest payable


                     16,463

                       7,177


















Cash was decreased by









Increase in prepaid assets



                            -

                    (65,561)



Increase in inventory




                            -

                   (106,586)



Increase in other assets



                      (8,650)

                            -



Decrease in accounts payable



                   (474,416)

                            -



Decrease in accrued expenses



                    (11,910)

                            -



Decrease in unearned revenue



                    (62,562)

                            -




















Net Cash Flows Used in Operating Activities

                (1,539,632)

                   (513,059)
















Cash Flows From Investing Activities






Purchase of equipment




                    (12,587)

                    (70,863)





See accompanying summary of accounting policies, notes
to financial statements and


independent's review report







Page 6 of 17
eCOM eCOM.COM, INC.







CONSOLIDATED STATEMENTS OF CASH FLOWS




(Unaudited)






Six Months

Six Months













Ended

Ended













November 30, 2000

November 30, 1999
Cash Flows From Financing Activities






Proceeds from sale of common stock







and additional stockholder contributions


                 1,324,335

                    309,944

Proceeds of loans from stockholders



                    107,800

                    176,303


















Net Cash Flows Provided by Financing Activities

                 1,432,135

                    486,247
















Net Increase in Cash




                   (120,084)

                    (97,675)
















Cash and Cash Equivalents at Beginning of Year

                    139,402

                    105,857
















Cash and Cash Equivalents at End of Year


 $                   19,318

 $                    8,182








See accompanying summary of accounting policies, notes
to financial statements and


independent's review report







Page 7 of 17

eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - NATURE OF OPERATIONS

eCom eCom.com, Inc. (the Company) was incorporated in the State of
Florida on June 14, 1994.  The Company provides an e-commerce
infrastructure that enables the small business enterprise to carve
its niche in the retail and business to business Internet economy.
eCom eCom B2Bplus provides an affordable, user-friendly
technological platform and professional resources to facilitate
web business development.  The eCom eCom SuperHUB gives the web
entrepreneur a comprehensive package of on-line tools to generate,
execute and fulfill e-commerce transactions.  The Company was
incorporated under the name US Amateur Sports, Inc. but changed
its name in January 1999 to better reflect its business
operations.

eCom is the parent of US Amateur Sports Company, which is the
parent of USA Performance Products, Inc.  USA Performance Products
manufactures and distributes paintball guns and accessories, and
has served as a test model for e-commerce business concepts.  US
Amateur Sports Company (USASC), owns the rights to: (1) the All
American Bowl, a high school football all-star game, last played
in 1997, when it was broadcast to over 40 million households;  (2)
the ProCard/ComCard, a prepaid phone card concept; and (3) USA
SportsNet, a developmental project.  USA SportsNet is planned to
be an Internet portal for access to sports information, products
and services with a focus on amateur athletes and local sports
organizations.

On January 21, 2000 the Company entered into a Stock Exchange
Agreement with the shareholders of Star Dot Marketing, Inc
("SDMI"), which provided for the transfer of all the outstanding
common stock of SDMI to eCom eCom.com, Inc. in exchange for
675,000 shares of common stock.  The transaction were closed on
May 31, 2000.  SDMI uses the trade name "Treasures of Sports" to
offer a complete line of guaranteed authentic, hand signed sports
memorabilia and other sports products.  These products are
marketed through joint sales agreements with professional sports
franchises including the San Francisco Giants, Detroit Tigers,
Baltimore Orioles, Golden State Warriors, Detroit Pistons, and
Pittsburgh Penguins.  SDMI also creates specialty products for
businesses to use as gifts, awards, premiums and employee
incentives.  The Company plans to expand the business of SDMI
through application of its e-commerce concepts.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company maintains its accounts on the accrual basis of

See accompanying Independent Accountants' review report.

Page 8 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

accounting.  The preparation of financial statements in conformity
with generally accepted accounting principles requires
management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses
during the reporting period.  Actual results could differ from
those estimates.

Consolidation

The consolidated financial statements of the Company include the
accounts of USA Performance Products, Inc. and Star Dot Marketing,
Inc.  The Company formed USA Performance Products, Inc. as a
separate wholly owned subsidiary on January 20, 1998 and
transferred all assets related to the manufacture and sale of the
Viper M1 paintball marker and accessories to this new corporation.
Star Dot Marketing, Inc. is a wholly owned subsidiary, which was
acquired on May 31, 2000.  The transaction consisted of an
exchange of 675,000 shares of the Company's common stock for all
of the outstanding stock of SDMI and was recorded as a pooling of
interest (See Note D).

Revenue Recognition

Revenue from the sale of paintball markers and accessories and
sports related memorabilia is recognized at the time title is
transferred which is normally on shipment of the goods.  Revenue
received from contracts for web site development services is
recorded as unearned revenue until development of the related web
site is complete and accepted by the client.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Cash

Cash consists of deposits in banks and other financial
institutions having original maturities of less than ninety days.

Allowance for Doubtful Accounts

It is the policy of management to review the outstanding accounts
receivable at year end, as well as the bad debt write offs
experienced in the past, and establish an allowance for doubtful
accounts for uncollectible amounts.

Depreciation

Property and equipment is recorded at cost and is depreciated over
the estimated useful lives of the related assets.  Depreciation is
computed using the straight-line method.


See accompanying Independent Accountants' review report.

Page 9 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Amortization

Intangible assets consisting of rights to technology and
associated trademarks are amortized using the straight-line method
over five years.

Inventories

Inventories are stated at the lower of cost or market using the
first in first out method.

NOTE C - BUSINESS COMBINATION

The Company entered into a Stock Exchange Agreement with Star Dot
Marketing, Inc. (SDMI), a California Corporation, on January 21,
2000 whereby the stockholders of SDMI would receive 675,000 shares
of common stock of the Company in exchange for all of the
outstanding shares of SDMI.  The transaction has been accounted
for as a pooling of interest.  The transaction qualifies as a tax-
free reorganization pursuant to Section 368(a)(1)(B) of the
Internal Revenue Code and related Treasury Regulations.  The
financial statements at November 30, 2000 and May 31, 2000 reflect
the combined assets, liabilities, stockholders' equity and
operations of both companies.  In accordance with the terms of the
merger, the principal stockholders of SDMI, effective May 1999,
converted approximately $1 million of advances to paid in capital.
In addition, an additional 309,000 shares of SDMI were issued to
the stockholders of Star Dot Marketing, Inc.

NOTE D - INVENTORIES

Inventories consist principally of paintball markers and paintball
accessories and sports-related memorabilia.  Inventories are
carried at cost, which is considered to be less than market value.
An inventory reserve of $66,000 was recorded at November 30, 2000
to account for slow-moving inventory, which may have to be sold at
less than cost.

NOTE E - PREPAID EXPENSES

Prepaid expenses consist principally of amounts paid for license
fees, commercial insurance and advertising.

NOTE F - PROPERTY AND EQUIPMENT

The following is a summary of property and equipment recorded in
the financial statements at cost less depreciation as of November
30, 2000 and May 31, 2000:



See accompanying Independent Accountants' review report.

Page 10 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



The useful lives assigned to property and equipment to compute
depreciation is:



NOTE G - INTANGIBLE ASSETS

In May 1996, the Company acquired the assets of Performance
Paintball Products, Inc. Included in the purchase were exclusive
rights to use of the Viper name and related technology used in the
manufacture of the Viper M1 paintball marker.  The rights are
valued at $54,134 and are amortized over sixty months.
Accumulated amortization at November 30, 2000 and May 31, 2000 is
$48,878 and $43,467 respectively.

In January 1999, the Company acquired the rights to use of the
toll free telephone number, 1-800-724-6822, which has been
marketed as 1-800-PAINTBALL.  The Company paid $20,000 in cash and
100,000 shares of the Company's common stock.  This asset is
reflected in the balance sheet at a gross cost of $40,000 less
accumulated amortization of $17,000 and $13,000 as of November 30,
2000 and May 31, 2000, respectively.  The asset is amortized over
a five-year life.  In February 1999, the Company acquired two
Internet websites, AclassifiedAd and Swapandshop, for a total cost
of $11,200.  These assets are also amortized over five years.
Accumulated amortization was $3,920 and $2800 as of November 30,
2000 and May 31, 2000, respectively.





See accompanying Independent Accountants' review report.

Page 11 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE H - OTHER ASSETS

Other assets consist primarily of security deposits on the lease
of its office facilities and utility deposits.

NOTE I - LONG-TERM DEBT

Long-term debt at November 30, 2000 and May 31, 2000 consisted of:




Principal maturities are as follows for the next five years ending
November 30:



See accompanying Independent Accountants' review report.

Page 12 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE I - LONG-TERM DEBT (continued)



NOTE J - COMMITMENTS AND CONTINGENCIES

The Company leases office facilities on a month-to-month basis for
$4,240 per month.  In addition, 17,600 shares of common stock of
the Company were issued to the lessor for fixing the base rental
through September 15, 2000.  The Company also leases its sports
memorabilia facility on a month-to-month basis for $2,595 a month.
The Company leases its manufacturing facility under an operating
lease, which expires June 30, 2001.  Future minimum lease payments
as of November 30, 2000 are:




The Company authorized, on April 2, 1999, the issuance of 50,000
free trading shares of the Company to be issued to two consultants
(25,000 each) for consulting and Internet services plus $104,000
cash to be paid weekly in amounts of $1,000 each.

From time to time, the Company may be involved in litigation
relating to claims arising out of its operations in the normal
course of business.  The Company is not currently a party to any
legal proceedings, the adverse outcome of which, individually or
in the aggregate, would have a material adverse effect on the
Company's financial position or results of operations.

NOTE K - RELATED PARTY TRANSACTIONS

On January 10, 1998, the Company's Board of Directors approved an
agreement with Axis Enterprises, Ltd., a Bahamian corporation of
Nassau, Bahamas, to retain Axis for a period of three years to
provide certain financing, marketing and management services in

See accompanying Independent Accountants' review report.

Page 13 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE K - RELATED PARTY TRANSACTIONS (continued)

support of the Company's subsidiary, USA Performance Products,
Inc.  In exchange for performance of these services, Axis was
granted 1,500,000 shares of common stock.  The final marketing and
management agreement was executed on April 8, 1998.  In 1999, the
Company issued 150,000 shares of common stock in cancellation of
indebtedness of $111,780.  The Company is currently indebted to
Axis for $184,220.

Derek D. Panaia, son of David J. Panaia, CEO of the Company, was
retained as a consultant to provide management oversight of USA
Performance Products.  In connection with this agreement, Derek
Panaia was granted 400,000 shares of common stock in return for
his services.

Stratex Corporation has a loan to the Company in the amount of
$100,000.  Stratex is owned by Derek D. Panaia, son of David J.
Panaia, CEO of the Company.

In May 1999, the Company issued 100,000 shares to ReSource Group,
Inc. in exchange for promotional and related consulting services.
ReSource Group, Inc. is a public relations and promotional firm of
which a member of the Board, Mr. Thomas De Rita, is a principal.

NOTE L - BUSINESS SEGMENTS

The Company's reportable segments are strategic business units
that offer different products and services.  The Company has three
reportable segments: paintball products, Internet commerce and
sports memorabilia.  The paintball segment manufactures and
distributes paintball guns and accessories.  The events segment
has produced the All American Bowl, a national high school
football all-star game.  The Internet segment provides an e-
commerce infrastructure to enable small businesses to expand to
the Internet.  The sports memorabilia segment acquires various
signed sports related items from individuals in the various
professional leagues for resale.

The accounting policies of the segments are the same as those
described in the summary of significant accounting policies.
There have been no intersegment sales or transfers.  Revenues from
sales of the Company's paintball products over the Internet are
reported within the paintball segment.

The following is a summary of segment activity:





See accompanying Independent Accountants' review report.

Page 14 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE L - BUSINESS SEGMENTS (continued)



NOTE M - RECOVERABILITY OF ASSETS AND GOING CONCERN

These financial statements are presented on the basis that the
Company is a going concern.  Going concern contemplates the
realization of assets and the satisfaction of liabilities in the
normal course of business over a reasonable length of time.  The
accompanying financial statements show that current liabilities
exceed current assets by $1,061,073 at November 30, 2000 and that
the Company has incurred net operating losses since inception.

In April of 1999, the Company entered into a financing agreement
with a third party whereby the Company may sell to the third party
and that third party must buy, a number of the Company's shares of
common stock, subject to restrictions (the "Put Option").

The more salient of the restrictions under the Put Option includes
that the Company must first register the shares which may be
subject to the put and the number of the shares which may be put
to the third party in any 30 day period is dependent upon the
Company's share price as determined on the OTC Bulletin Board and
volume of trading activity.  On April 10, 2000 the Company filed a
registration statement on Form S-1 with the Securities and
Exchange Commission.  The registration statement was declared
effective by the Commission on April 28, 2000, which allows the
Company to exercise its rights under the agreement (See Note S).

See accompanying Independent Accountants' review report.

Page 15 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE M - RECOVERABILITY OF ASSETS AND GOING CONCERN (continued)

However, the Company can make no assurances that the market in the
Company's stock will remain adequate to allow the Company to raise
necessary funds through the use of the Put Option.

NOTE N - CONCENTRATION OF RISK

Financial instruments, which potentially subject the Company to
concentrations of credit risk, consist principally of trade
accounts receivable.  The Company generates approximately 60% of
its sports memorabilia sales to one organization.  At November 30,
2000, the accounts receivable from this organization represents
approximately 50% of the Company's total accounts receivable.

NOTE O- INCOME TAXES

No provision for federal and state income taxes has been recorded
because the Company has incurred net operating losses since
inception.  The Company's net operating loss carry-forward as of
May 31, 2000 totals approximately $2.3 million.  These carry-
forwards will be available to offset future taxable income and
expire, beginning in 2010.  The Company does not believe that the
realization of the related net deferred tax asset meets the
criteria required by generally accepted accounting principles and,
accordingly, the deferred income tax asset arising from such loss
carry forward has been fully reserved.

NOTE P - PRIVATE EQUITY LINE

The Company entered into an agreement for a Private Equity Line of
Common Stock pursuant to Regulation D with Swartz Private Equity,
LLC for $30 million with a $20 million option commencing on the
effective date of a Registration Statement covering the Put shares
and ending thirty-six (36) months thereafter.  Swartz shall
purchase eCom Common Stock at a per share purchase price equal to
92% of the "Market Price" in effect on the date of sale to
Swartz, subject to a Floor Price specified by eCom.  The sale to
Swartz shall occur, on dates during the Purchase Period specified
by Swartz, during the 20 business days following each Put Notice
(the purchase period).  eCom, at its option, may select a Floor
Price for any specified Put below which eCom will not sell shares
to Swartz under that Put.

The dollar amount sold to Swartz in each Put, may be up to $10
million but shall not exceed 15% of the aggregate dollar volume of
the Common Stock traded on the company's primary exchange during
the 20 day Purchase period beginning on the business day following
the Put Date for such Put, excluding any days where 92% of the low
trade price would be less than the Floor Price, unless

See accompanying Independent Accountants' review report.

Page 16 of 17
eCOM eCOM.COM, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE P - PRIVATE EQUITY LINE (continued)

otherwise agreed by Swartz; provided that the Purchase Period
shall be extended by one business day for each Excluded Day, up to
a maximum extension of 5 business days.

For each Put, Swartz shall receive an amount of warrants equal to
8% of the number of shares purchased under the Equity Line at an
Exercise Price equal to 110% of the Closing Bid Price on the Put
Date.  Warrants shall have piggyback registration rights and reset
provisions.

As compensation to enter in to the Equity Line Commitment, Swartz
shall receive a warrant convertible into 490,000 shares of eCom
Common Stock.  The Commitment Warrants' exercise price shall equal
the average closing bid price for the 5 trading days prior to
execution of this Equity Line Letter of Intent.  Warrants shall
have a 5-year term, piggyback registration rights and reset
provisions.

See accompanying Independent Accountants' review report.

Page 17 of 17


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

The following discussion should be read in conjunction with the
accompanying consolidated financial statements for the three-
month periods ended November 30, 2000 and 1999 and the Form 10-
KSB for the fiscal year ended May 31, 2000.

Special Note Regarding Forward-Looking Statements

Certain statements in this report and elsewhere (such as in
other filings by the Company with the Securities and Exchange
Commission ("SEC"), press releases, presentations by the Company
or its management and oral statements) may constitute "forward-
looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.  Words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks,"
"estimates," and "should," and variations of these words and
similar expressions, are intended to identify these forward-
looking statements.  The Company's actual results could differ
materially from those anticipated in these forward-looking
statements.  Factors that might cause or contribute to such
differences include, among others, competitive pressures, the
growth rate of the paintball industry and electronic commerce,
constantly changing technology and market acceptance of the
Company's products and services.  The Company undertakes no
obligation to publicly release the result of any revisions to
these forward-looking statements, which may be made to reflect
events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.

Results of Operations

Comparison of the three months ended November 30, 2000
with the three months ended November 30, 1999
----------------------------------------------------------------

Revenue for the three months period ended November 30, 2000 was
$1,112,004 compared to $338,672 of revenue recorded during the
same period of the prior year.  The majority of this $773,332
increase was attributable to the growth in our paintball
business, which had revenues of $841,083 for the three months
ended November 30, 2000. The strength of our paintball sales
during this period reflected the strong customer base built
through our 800-paintball marketing program and our growing
share of the expanding paintball market.

Gross profit grew from $52,419 in the prior year period to
$178,225 in the current quarter. The gross profit percentage of
+6% did not vary significantly from the prior year.

Our Star Dot subsidiary contributed $120,380 in revenues in the
current quarter. As our e-commerce concepts are implemented for
this sports memorabilia business, we expect Star Dot revenues to
grow.

Revenue from the eCom eCom SuperHUB and B2B Plus programs is
expected to grow gradually as our marketing efforts catch the
attention of potential small business clients.  To date, all
significant revenues ($150,000 in cash received and 1.5 million
shares of common stock to be received from eWebPEO.com, Inc.
plus $25,000 in cash received from GoAirLandSea.com, Inc.) have
been recorded as unearned revenue and are not reflected in our
statement of operations.

Sales and marketing expenses declined from $156,771 in last
year's first quarter to $60,595 in the quarter ended November
30, 2000.  This decrease was primarily due to a reduction in our
marketing expenses, advertising and personnel. Product
development expense declined from $146,660 in the prior year
quarter to $64,781 in the current three-month period. This
decrease was due to the fact that work on developing the
Viper M1 paintball marker was completed. General and
administrative expense of $644,011 represented an increase of
$433,894 over the prior year period.  This was the result of
additional payroll, consulting fees, professional fees and
office expense associated with our company's overall growth.
Depreciation and amortization expense rose from $17,955 to
$20,431 as a result of fixed asset additions.  Interest expense
was higher, $10,760 in the current period compared to $3,615 in
the prior year period, primarily due to interest paid on a note
due to the former stockholders of Star Dot Marketing.

Our developmental activities and the related expenditures
resulted in a net loss of $621,255 in the current year period
compared to a loss of $482,669 in the same period of the prior
year.

Liquidity and Capital Resources

At November 30, 2000, current assets totaled $663,026 compared
to $1,141,009 at the end of the prior fiscal year.  Balances in
all asset categories decreased.  A decrease in cash of $120,084
and in inventories of $236,121 reflected management's focus on
reducing accounts payable, which had grown rapidly during the
prior fiscal year while keeping pace with the growth in our
paintball sales.  Accounts receivable decreased from $156,959 at
May 31, 2000 to $76,434 as of November 30, 2000.  Current
liabilities dropped from $2,148,724 at the end of the prior
fiscal year to $1,724,099 at the end of the current quarter, a
decrease of $424,625.  A reduction of $474,416 in accounts
payable was partially offset by an increase of $107,800 in the
current portions of long term debt.

Net cash used in operating activities was $1,319,718 during the
current three months compared to $163,942 during the same period
of the prior year.  A principal use of cash in both periods was
to fund our net loss from operations.

Net cash used in investing activities was $3,756 during the
current period compared to $436 in the prior year period.

Net cash provided by financing activities increased from
+$132,854 during the three months ended November 30, 2000 to
$1,299,835 during the current quarter.  This difference
reflected proceeds from sales of common stock.

The Company continues to be reliant on the combination of
revenues, loans from stockholders and capital contributions to
fund operations.  We have an equity line of credit in place with
Swartz Private Equity, LLC.  However, the amount of common stock
we can require Swartz to purchase is tied to the market for our
common stock.  Consequently, if market volume and price decline,
so does the amount of common stock we can put to Swartz.  To the
extent that additional funds are required to support operations
or to expand our business, we may sell additional equity, issue
debt or obtain other credit facilities through financial
institutions.  Any sale of additional equity securities will
result in dilution to our shareholders.  There can be no
assurance that additional financing, if required, will be
available to the Company in amounts or on terms that are
acceptable.  Until the Company obtains sufficient funds
necessary to capitalize the growth of its existing operations,
expenditures required to increase revenues, including
advertising and promotion of both its e-commerce programs and
paintball products, will be substantially limited.  Should the
Company be unable to obtain continued funding, its operations
may be adversely affected.









SIGNATURE

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 thereunder duly authorized.

eCom eCom.com, Inc.



By:/s/ David J. Panaia
January 19, 2001
David J. Panaia, Chairman of the Board
and Principal Financial Officer