U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                 FORM 10-QSB

[ X ]  ANNUAL  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF
       1934

                  For  the  fiscal  year  ended  JUNE  30,  1999
                                        or
[   ]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13  OR 15(d) OF THE SECURITIES
       EXCHANGE  ACT  OF  1934

                 For the transition period from    N/A to    N/A
                                                ------    ------

                         Commission File Number: 0-24217

                                RIGL CORPORATION
           (Name of small business issuer as specified in its charter)
                 NEVADA                                85-0206668
          State of Incorporation              IRS Employer Identification Number

4840  EAST  JASMINE  STREET,  SUITE  105
MESA,  ARIZONA  85205
      (Address  of  principal  executive  offices)

Issuer's  telephone  number:   (480)  654-9646


Securities  registered  pursuant  to  Section  12(b)  of  the  Act:  NONE

Securities  registered  pursuant  to  section  12(g)  of  the  Act:

                          COMMON  STOCK,  NO  PAR  VALUE

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 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.  [ X ] Yes   [   ]  No

Check  if there is no disclosure of delinquent filers in response to Item 405 of
Regulation  S-B  is  not  contained  in  this  form,  and  no disclosure will be
contained,  to  the  best  of  registrant's  knowledge,  in  definitive proxy or
information statements incorporated by reference in Part III of this Form 10-KSB
or  any  amendment  to  this  Form  10-KSB

State  issuer's  revenues  for  its  most  recent  Quarter:  $1,399,497

State the aggregate market value of the voting and non-voting common equity held
by non- affiliates computed by reference to the price at which the common equity
was  sold,  or  the  average bid and asked prices of such common equity, as of a
specified  date  within  the past 60 days.  (See definition of affiliate in Rule
   --------------------------------------
12b-2  of  the  Exchange  Act.)


As  of  July  31,  1999,  there  were  13,047,770 common shares outstanding at a
weighted  and  held by non-affiliates with an aggregate value of $1.32 and total
number of votes were 17,223,056 based on the average bid and asked price on such
date.






*The  common  share  price  is  the  average  trading  price  on the NASDAQ OTC.
--------------------------------------------------------------------------------

<PAGE>
                                INDEX FORM 10-QSB


PART  I  -  FINANCIAL  INFORMATION

ITEM  1  -  Financial  Statements

Consolidated  Balance  Sheets  as  of  June  30,  1999

Consolidated  Statements  of  Operations  for  the  period
ending  June  30,  1999

Consolidated  Statements  of  Cash  Flows  for  the  period
ending  June  30,  1999

Notes  to  Consolidated  Financial  Statements

ITEM  2  -  Management's  Discussion  and  Analysis  of  Financial
     Condition  and  Results  of  Operations


PART  II  -  OTHER  INFORMATION

ITEM  1  -  Legal  Proceedings

ITEM  2  -  Changes  in  Securities  and  Use  of  Proceeds

ITEM  3  -  Defaults  Upon  Senior  Securities

ITEM  4  -  Submission  of  Matters  to  a  Vote  of  Security  Holders

ITEM  5  -  Other  Information

ITEM  6  -  Exhibits  and  Reports  on  Form  8-K


SIGNATURES  PAGE








<PAGE>
                                     PART I


ITEM  1  -  FINANCIAL  INFORMATION

<TABLE>
<CAPTION>
                                      RIGL CORPORATION
                                CONSOLIDATED BALANCE SHEETS
                                    AS OF JUNE 30, 1999
                                         (UNAUDITED)

                                                          ASSETS

                                                                        1999                              1998

<S>                                                        <C>              <C>             <C>              <C>
CURRENT ASSETS:
  Cash and Cash Equivalents                                $   499,558.00                   $ 2,021,399.00
  Accounts Receivable                                        3,224,218.00                         7,108.00
  Inventory                                                      5,034.00                                -
  Prepaid Expenses                                           2,129,555.00                         2,207.00
                                                           ---------------                  ---------------

      TOTAL CURRENT ASSETS                                                  $ 5,858,365.00                   2,030,714.00


PROPERTY AND EQUIPMENT:
  Machinery and Equipment                                      524,471.00                       184,115.00
LESS: Accumulated Depreciation                                (190,746.00)                      (47,595.00)
                                                           ---------------                  ---------------
    TOTAL PROPERTY AND EQUIPMENT                                                333,725.00                     136,520.00

OTHER ASSETS:
  Notes Receivable                                             440,740.00                        40,000.00
  Shareholder Loans                                             63,000.00                        68,000.00
  Intangible Assets                                          5,704,512.00                       598,875.00
  Deposits                                                      62,075.00                        60,706.00
  Goodwill                                                     152,295.00                                -
  Contingent Asset                                           3,250,000.00                                -
  Organization Costs                                             1,560.00                         1,560.00
                                                           ---------------                  ---------------
      TOTAL OTHER ASSETS                                                      9,674,182.00                     769,141.00
                                                                            --------------                   -------------

      TOTAL ASSETS                                                          $15,866,272.00                   2,936,375.00
                                                                            ==============                   =============



                                                       LIABILITIES

CURRENT LIABILITIES:
  Trade Accounts Payable                                        70,351.00                        72,373.00
  Accrued Expenses                                           1,249,919.00                        12,000.00
                                                           ---------------                  ---------------

      TOTAL CURRENT LIABILITIES                                               1,320,270.00                      84,373.00

LONG-TERM LIABILITIES:
  Notes Payable                                              6,578,857.00                       162,460.00
                                                           ---------------

    TOTAL LONG-TERM LIABILITIES                                               6,578,857.00                     162,460.00
                                                                            --------------                   -------------

      TOTAL LIABILITIES                                                       7,899,127.00                     246,833.00



                                                       STOCKHOLDERS' EQUITY

  Preferred Stock                                                       -                    (1,759,599.00)
  Common Stock                                                  39,449.00                        12,274.00
  Treasury Stock                                               (69,822.00)                      (69,822.00)
  Additional Paid-In-Capital                                14,433,156.00                     7,238,808.00
  Retained Earnings(Loss)                                   (6,435,638.00)                   (2,732,119.00)
                                                           ---------------                  ---------------

    TOTAL STOCKHOLDERS' EQUITY                                                7,967,145.00                   2,689,542.00
                                                                            --------------                   -------------

      TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                            $15,866,272.00                   2,936,375.00
                                                                            ==============                   =============

                           See the accompanying notes to these financial statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                                      RIGL CORPORATION
                                           CONSOLIDATED STATEMENTS OF OPERATIONS
                                        FOR THE PERIOD ENDING JUNE 30, 1999 AND 1998
                                                        (UNAUDITED)

                                                                   JUNE 30, 1999                      JUNE 30, 1998
                                                           --------------------------------  ------------------------------
                                                             3RD QUARTER      YEAR TO DATE     3RD QUARTER     YEAR TO DATE
<S>                                                        <C>              <C>              <C>             <C>
INCOME
  Sales                                                      1,399,497.00     2,034,099.00   $   35,113.00       73,120.00


COST OF SALES                                                  489,100.00       491,896.00               -               -


                                                           ---------------  ---------------  --------------  --------------
GROSS PROFIT                                                   910,397.00     1,542,203.00       35,113.00       73,120.00

  SELLING EXPENSES                                             116,914.00       185,298.00               -

  GENERAL & ADMINISTRATIVE                                   1,807,842.00     3,636,667.00      486,293.00    1,284,406.00
                                                           ---------------  ---------------  --------------  --------------
    TOTAL EXPENSES                                           1,924,756.00     3,821,965.00      486,293.00    1,284,406.00

    EARNINGS (LOSS) FROM OPERATIONS                         (1,014,359.00)   (2,279,762.00)    (451,180.00)  (1,211,286.00)

OTHER INCOME (EXPENSE)
  Interest Income                                               (1,319.00)       (8,287.00)     (22,297.00)     (62,416.00)
  Interest Expense                                              15,705.00        27,558.00               -
                                                           ---------------  ---------------  --------------  --------------
    TOTAL OTHER INCOME                                          14,386.00        19,271.00      (22,297.00)     (62,416.00)
                                                                                                                         -
NET INCOME (LOSS)                                           (1,028,745.00)   (2,299,033.00)    (428,883.00)  (1,148,870.00)
                                                           ===============  ===============  ==============  ==============

EARNINGS PER SHARE:
Basic Earnings Per Share                                   $        (0.08)                   $       (0.03)
                                                           ---------------                   --------------

WEIGHTED AVERAGE NUMBER OF COMMON                              12,883,190                       12,669,675
                                                           ---------------                   --------------
   SHARES OUTSTANDING

Diluted Earnings Per Share                                 $        (0.08)                   $       (0.03)
                                                           ---------------                   --------------

WEIGHTED AVERAGE NUMBER OF COMMON                              12,883,190                       12,730,303
                                                           ---------------                   --------------
AND COMMON SHARE EQUIVALENTS OUTSTANDING

                             See the accompanying notes to these financial statements
</TABLE>

<PAGE>
<TABLE>
<CAPTION>
                                              RIGL CORPORATION
                                          STATEMENT OF CASH FLOWS
                           FOR THE PERIOD ENDED JUNE 30, 1999 AND MARCH 31, 1999
                                                (UNAUDITED)


                                                                                         1999
                                                                           --------------------------------
                                                                                3RD QTR          2ND QTR
<S>                                                                        <C>              <C>
  CASH FLOWS FROM OPERATING ACTIVITIES
    Net Income                                                             $(1,028,745.00)  $  (653,697.00)
    Adjustments to reconcile net income to net cash provided by operating
      activities.
      Depreciation and amortization                                             31,121.00        33,361.00


    (Increase) decrease in:
      Trade accounts receivable                                             (3,094,333.00)     (649,419.00)
      Prepaid expenses                                                      (2,126,198.00)
      Deposits                                                                     195.00
      Notes Receivable                                                         (96,007.00)

    Increase (decrease) in:
      Trade accounts payable                                                  (107,760.00)
      Accrued Expenses                                                       1,029,266.00
                                                                           ---------------  ---------------
          NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES                  (5,392,461.00)   (1,269,755.00)


  CASH FLOWS FROM INVESTING ACTIVITIES
    Purchases of property and equipment, and Intangibles                       (38,480.00)     (233,211.00)
    Purchases of intangibles                                                (5,088,109.00)               -
                                                                           ---------------  ---------------
          NET CASH PROVIDED (USED) BY INVESTING ACTIVITIES                  (5,126,589.00)     (233,211.00)


  CASH FLOWS FROM FINANCING ACTIVITIES
    Captial Infusion                                                         6,403,293.00                -
    Payment on shareholder loans                                                 2,500.00         2,500.00
    Proceeds from the issuance of common stock                               4,569,142.00       350,000.00
                                                                           ---------------  ---------------
          NET CASH PROVIDED (USED) BY FINANCING ACTIVITIES                  10,974,935.00       352,500.00

        NET INCREASE (DECREASE) IN CASH                                        455,885.00    (1,150,466.00)

        CASH AT BEGINNING OF PERIOD                                             43,673.00     1,194,139.00
                                                                           ---------------  ---------------
              CASH AT END OF PERIOD                                        $   499,558.00   $    43,673.00
                                                                           ===============  ===============


                      See the accompanying notes to these financial statements
</TABLE>

<PAGE>
SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

PRINCIPLES  OF  CONSOLIDATION

The  consolidated  financial  statements include the accounts of the Company and
its  wholly  owned  subsidiaries.  All  material  inter-company transactions and
balances  have  been  eliminated  in  consolidation.

ACCOUNTING  METHOD

The  Company  recognizes  income  and  expenses based upon the accrual method of
accounting.

UNAUDITED  INFORMATION  AND  BASIS  OF  PRESENTATION

The  consolidated balance sheet as of June 30, 1999 and statements of operations
and  condensed cash flows for all periods included in the accompanying financial
statements  have not been audited.  In the opinion of management these financial
statements  include  all  normal  and recurring adjustments necessary for a fair
presentation  of  such financial information.  The results of operations for the
interim  periods  are not necessarily indicative on the results of operations to
be  expected  for  the  full  year.

The  financial  information  included  herein  has been prepared pursuant to the
rules  and  regulations  of  the  Securities  and  Exchange Commission.  Certain
information  and  footnote disclosures normally included in financial statements
prepared  in  accordance with generally accepted accounting principles have been
omitted  pursuant  to  such  rules  and  regulations.  The  interim  financial
information and the notes thereto should be read in conjunction with the audited
financial  statements  for  the  fiscal year ended September 30, 1998 which were
included  in  the  Company's  1998  Annual  Report  to  Stockholders.

CASH  AND  CASH  EQUIVALENTS,  SHORT  AND  LONG-TERM  INVESTMENTS

All  highly liquid instruments with an original maturity of three months or less
are  considered  cash  equivalents,  those with original maturities greater than
three  months  and  current  maturities less than twelve months from the balance
sheet  date  are  considered  short-term  investments, and those with maturities
greater  than twelve months from the balance sheet date are considered long-term
investments.

<PAGE>
CONCENTRATION  OF  CREDIT  RISK

Financial  instruments  that  potentially  subject  the  Company  to significant
concentration  of  credit risk consist primarily of cash, trade receivables, and
subscriptions  receivables.  Subscriptions  receivables  are typically unsecured
and  are  derived  from  revenues earned from customers primarily located in the
United  States.  The  Company  performs ongoing evaluations of its customers and
maintains reserves for the potential credit losses; such losses have been within
management's  expectations.

DEPRECIATION  AND  AMORTIZATION

Property and equipment, including leasehold improvements, are stated at cost and
depreciated  using  the  straight-line method over the estimated useful lives of
the  assets,  generally five to seven years.  The Company periodically evaluates
the  recoverability of its long-lived assets based on expected undiscounted cash
flows  and  recognizes  impairments, if any, based on expected discounted future
cash  flows.

REVENUE  RECOGNITION

The  Company's  revenues  are derived principally from the its subsidiaries TBI,
RIGL Tech, MRS, and RenCen.  Advertising revenues are recognized over the period
in  which  the  advertisement is displayed or viewed by others, provided that no
significant  Company  obligations remain at the end of the period and collection
of  the  resulting receivable is probable.  Billing vendors collect and disburse
net  allowance for certain revenues which the vendors estimate will be refunded,
rebated,  uncollectable,  or  unbillable.

INCOME  TAXES

The  provision  for  income  taxes  is  computed based on the pretax income item
included  in  the statement of income.  The asset and liability approach is used
to  recognize  deferred  tax  assets  and liabilities of the expected future tax
consequences  of  temporary  difference between the carrying amounts and the tax
basis  of assets and liabilities.  The Company, a C Corporation accounts for its
income  taxes in accordance with Statement of Financial Accounting Standards No.
109  (Accounting  for  Income  Taxes).  As  of  June  30,  1999, the Company has
approximately  $4,397,745  of net operating loss carry forwards that can be used
to  offset  future  taxable  income.

USE  OF  ESTIMATES

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, disclosure of contingent
assets and liabilities at the date of the financial statements, and the reported
amounts  of  revenues  and  expenses during the reported period.  Actual results
could  differ  from  those  estimates.  Material estimates that are particularly
susceptible  to  significant  change  relate  to  the  determination  of  the
collectability  of  receivables

<PAGE>
DESCRIPTION  OF  BUSINESS

Overview

     RIGL  Corporation  ("the Company" or "RIGL") is the holding company of four
wholly owned subsidiaries:  Telco Billing, Inc., d.b.a. Yellow-page.Net ("TBI"),
RIGL  Technologies, Inc. ("RIGL Tech"), Medical Resources Systems, Inc. ("MRS"),
and  Renaissance  Center,  Inc.  ("RenCen").

     On March 16, 1999, the Company entered into an agreement to acquire 100% of
the  common  stock  of TBI in exchange 17,000,000 shares of the Company's common
stock.  The  Company  issued  2,000,000  at  the  signing  of  the agreement and
obtained  the  consent  of  the  shareholders  of  TBI.  At the execution of the
agreement  15,000,000  of the Company's common stock was issued on June 1, 1999.
TBI  has  become  a  wholly  owned subsidiary at the execution of the agreement.

     On  October  1,  1999, RIGL Corporation ("The Company" or "RIGL") will have
amended  its  articles of incorporation with stockholders in agreement to change
the  Company's  name  to  YP.  Net.,  Inc.
                          ----------------

     TBI's  primary  business is online information and advertising service that
is  comprised  of  business  and  individual listings which can be accessed on a
local  basis,  by city, category, or name.  The acquisition of TBI will increase
the  Company's  presence  on  the  Internet  and  information  management.

     RIGL  Tech's  primary  business  has  been  the  development of proprietary
technologies in information access and data management.  In the past RIGL Tech's
focus  has  been  primarily  the  development  of  middle-ware  services  (for a
description  of  this  term,  see  the sub-section entitled "RIGL Technology's")
through  research  and  development.  The  application  of  these  proprietary
technologies  is information access and data management.  They have not yet been
released  to  market.

     MRS  was created for the purpose of testing the development of prototypical
informational  models  development  by  RIGL  Tech.  The  Company  has assembled
technical  medical  management  professionals,  and has been instrumental in the
development  of  a proprietary process called Medical Resource Planning.  In the
past  MRS  was  focused  on the development and testing of these new proprietary
technologies,  as a result this has enabled MRS to redirect its efforts and move
into  to  a  new  medical  information  management  business. Currently, MRS has
executed  future  and  present  contracts  to  provide  emergency room physician
billing  and  collection  services.

     RenCen  provides  consulting  services  to  large corporate clients and has
developed  proprietary  informational management models.  RenCen in the past was
primarily  focused  on  multi-media technology and it has become a broader based
software  developer  that  implements  newly  developed  products.

<PAGE>
Service  and  Products

     The  Company  has  devoted  its  primary  focus  to  developing proprietary
technologies  for  the  purpose  of  entering and expanding information commerce
through  the Internet.  The Company has positioned itself to build a presence in
the  information  marketplace  while  providing  its  customers  the  ability to
capitalize  on  a rapidly growing Internet market.  RIGL has developed strategic
plans  based  on the proprietary technologies and utilizes its growing knowledge
base  of  technical  development experts to leverage itself into the information
commerce marketplace.  The Company has developed a network of online services to
provide  information to consumers and businesses in the rapidly growing Internet
market.  RIGL  with  its  acquisition of TBI now offers innovative new services,
which  simplifies  the  process  of  gaining  an  online presence for businesses
nationwide  to advertise goods and services with the click of a button under the
trade  name  Yellow-page.Net.
             ---------------

TELCO  BILLING,  INC.  (TBI)-YELLOW-PAGE.NET

     Yellow-page.Net  is  an  online information and advertising service that is
comprised  of  business and individual listings which can be accessed on a local
basis, by city, category, or name. More than 18 million businesses in the United
States  and Canada are listed free of charge.  Yellow-page.Net features a myriad
of  other  online services including business locators, detailed destination and
mapping  services,  people  finders,  web  site  construction,  sales leads, and
toll-free  number  directories.  Also  offered is a premium listing service that
allows  businesses  to be listed in a special priority area located before other
non-premium  business  listings  which are listed alphabetically, and many times
span  multiple web pages.  In addition, these listings may contain facsimile and
1-800  number listings, an online detailed map to business locations, as well as
direct links to business e-mail and web sites for no additional charge.  Whether
a  large  corporation  or a small home-based business, premium business listings
are  available  for  a  monthly  fee.   The  premium  listing service is offered
through  a contractual arrangement with the telecommunications companies.  These
telecommunications  companies  utilize  a  billing feature called Local Exchange
Carrier  ("LEC  Billing")  which  enables  the  Company to bill customers on one
monthly  phone  bill.

     Yellow-page.Net  is  a member of two yellow page trade associations; Yellow
Page  Publishers  Association, "YPPA" which represents publishers throughout the
world,  and  the  Association  of  Directory  Publishers,  "ADP",  who primarily
represent independent yellow page publishers.  Yellow-page.Net has a partnership
with  one of the largest Internet yellow page databases to maximize the exposure
of  its  customers'  premium  listing.  In addition, Yellow-page.Net is pursuing
aggressively  to  increase  traffic  to  www.Yellow-page.Net,  and  other  sites
                                         -------------------
utilizing  this  core  database.

RIGL  TECHNOLOGIES  (RIGL  TECH)

     RIGL  Tech  has  developed  a  prototype information system for the medical
industry.  This  technology,  known  as  AMIRE  (Asset  Management  Information
Retrieval  Environment)  is  designed to provide intuitive access to information
databases  via  a  web  browser.  While  the  prototype  is  focused  on medical
information sources, RIGL Tech has designed a core engine to provide middle-ware
services  between  databases  and  web  browsers  regardless  of the information
contained  or  accessed.  When  this system is released it is the intent of RIGL
Tech  to  begin developing additional modules that will customize an environment
for  various  information  markets.  RIGL  Tech  continues to provide consulting
services  and has developed proprietary information management models, which has
aided  large  corporate  clients.  RIGL Tech is committed and determined to move
information  access  to  a  new  level  of efficiency.  Currently, search engine
capabilities  are  limited  and inefficient, and provide erroneous or irrelevant
data  when  searching.

<PAGE>
     RIGL  Tech  is committed to creating strategic partnerships with vendors to
enhance  the  Asset  Management  Information  Retrieval  Environment  ("AMIRE").
Technology  and the implementation of management information tools are necessary
to  simplify  the  management  and presentation of information.  This technology
will  allow  companies  to  provide  intuitive  intelligent information to their
markets  without  the  need  for  large  expenditures  related  to  information
management.  This  technology  will  enable  customers to access a repository of
data  that interacts with a web browser to allow the end-user access and utilize
information.  This  type of technology is commonly referred to as "middle-ware",
which provides a critical link between a user interface (Web Browser) and a data
repository.  These  developments  will  enhance  the  end-user's  browser
intelligence, as well as provide a common platform which information can then be
easily  interpreted  across  multiple  markets  and  industries.

MEDICAL  RESOURCE  SYSTEMS,  INC.  (MRS)

     In  support  of  the development efforts, The Company has created a medical
service  organization  to  internally test prototypical informational models for
its  proprietary  technologies.  The  Company  has  assembled  a team of medical
management  professionals,  which  has  aided  in  the development a proprietary
process  of  Medical Resource Planning ("MRP").  This process enables physicians
to  operate  with  economies  of  scale,  and  allows physicians to identify and
implement  efficiencies  within their practices.  MRS's experts have proactively
utilized  feedback  from customers and clients to improve the Medical AMIRE . In
the past MRS was focused on the development and testing of these new proprietary
technologies,  as a result this has enabled MRS to redirect its efforts and move
into to a new lucrative medical information management business.  Currently, MRS
has  executed  future  and present contracts to provide emergency room physician
billing and collection services.  MRS is continuing to identify opportunities to
create  partnerships  and  expand  operations  in  the  online  web  market.


RENAISSANCE  CENTER,  INC.  (RENCEN)

     RenCen  provides  consulting  services  to  large corporate clients and has
developed  proprietary  informational management models.  RenCen in the past was
primarily  focused  on  multi-media technology and it has become a broader based
software  developer  that  implements  newly  developed  products.

     RenCen  has developed proprietary technology for the purpose of integrating
components  in  the  area  of high-tech digital multi-media studios.  RenCen has
recognized that recent develops in data storage devices and optical transmission
capabilities  have  greatly  increased  the  capability  to transfer, store, and
retrieve  data.  Hierarchical  communication  languages  can  be used to develop
software  applications,  which  will  make  real-time  access  of  information a
reality,  as  well  as adding artificial intelligence to core operating systems.

<PAGE>
     These  recent developments, combined with the RenCen's own state-of-the-art
proprietary technology has enabled it to look at alternative applications. It is
RenCen intention to continue to examine all industries for possible applications
of  its propriety technology, as well as looking for opportunities to acquire or
develop  other  synergistic  technologies.


ITEM  2  -  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OF  FINANCIAL CONDITION AND
     RESULTS  OF  OPERATIONS

     Certain  matters  contained  herein  are  forward  looking  statements that
involve  risks  and  uncertainties  that  could  cause  actual results to differ
materially  from  those in the forward-looking statements.  Assumptions relating
to  these  forward  looking statements involve judgements with respect to, among
other  things,  future  economic,  competitive  and market conditions and future
business  decisions,  all  of  which  are  difficult  or  impossible  to predict
accurately  and  many  of  which  are  beyond  control of the Company.  Material
exhibits  have  been  omitted from this filing Form 10-QSB ending June 30, 1999,
and  will  be included in the annual filing of the Form 10-KSB for September 30,
1999.

     On March 16, 1999, the Company entered into an agreement to acquire 100% of
the  common  stock  of TBI in exchange 17,000,000 shares of the Company's common
stock.  The  Company  issued  2,000,000  at  the  signing  of  the agreement and
obtained  the  consent  of  the  shareholders  of  TBI.  At the execution of the
agreement  15,000,000  of the Company's common stock was issued on June 1, 1999.
TBI  has  become  a  wholly  owned subsidiary at the execution of the agreement.

     On  September  1,  1999  MRS  has entered into and agreement with Arrowhead
Community  Hospital  to  provide emergency room physician billing and collection
services.  This  agreement  has  a  renewal  date  annually.

     MRS  has entered into an agreement that will commence October 1, 1999, with
Phoenix  Baptist  Hospital  to  provide  emergency  room  physician  billing and
collection  services.  This  agreement  has  a  renewal  date  annually.

     MRS  has  entered  into  and  an agreement that will commence on January 1,
2000,  with  Western  Arizona  Regional Medical Center to provide emergency room
physician  billing  and  collection services.  This agreement has a renewal date
annually.


     As of October 1, 1999, RIGL Corporation ("The Company" or "RIGL") will have
amended  its  articles of incorporation with stockholders in agreement to change
the  Company's  name  to  YP.Net.,  Inc.
                          --------------



<PAGE>
RESULTS  OF  OPERATIONS

Quarter  Ended  June  30,  1999  Compared  to  Quarter  Ended  June  30,  1998.

Total  Revenue

     Total  revenue increased to $1,399,497 for quarter ended June 30, 1999 from
$35,113  for  quarter ended June 30, 1998. These increases are attributed to the
acquisition of TBI as of June 1, 1999.  Revenue has increased from MRS's efforts
of  increasing  billing  and  collection  services, and efforts from the medical
practise  consulting  services.

Selling  and  Marketing  Expenses

     Total  selling  and  marketing  expenses  increased to $116,914 for quarter
ended  June  30,  1999.  This  increase is attributable to the marketing efforts
generated  from  TBI  for  the  promotion  internet  yellow  page  advertising.

General  and  Administrative  Expenses

     General  and  Administrative  expenses  increased to $1,807,842 for quarter
ended  June  30,  1999  from  $486,293  for  quarter  ended  June 30, 1998.  The
increases  in  general  and  administrative  expenses  relate  to  several  key
components  to  the  future  success  of  the  Company.  Expenses  incurred with
research  and  development  are  attributed  to the development of the Company's
internally  developed proprietary technologies.  Costs have increased due to the
acquisition  and  operational  support  of  TBI.  The  Company  had  thirty-five
employees  and  approximately thirty-five full-time equivalent employees at June
30,  1999.

Interest  Income

     Interest  income  decreased  to $1,319 for quarter ended June 30, 1999 from
$22,297  for  quarter ended June 30, 1998.  This decrease is attributed to lower
cash  balances,  which  was  utilized  in  operating  activities.

Income  Taxes

     The  provision  for  income  taxes  relates  to minimum tax requirements in
multi-jurisdictional  taxing  authorities  where the Company does business.  The
Company  has  approximately $4,397,745 of net operating loss carry forwards that
can  be  used  to  offset  future  taxable  income.


<PAGE>
Net  Income  (loss)

     Net  Losses for quarter ended June 30, 1999 was ($1,028,745) for ($.08) per
basic shares and ($.08) diluted per share, compared to ($428,883) for ($.03) per
basic  shares  and  ($.03)  diluted  per  share.

LIQUIDITY  AND  CAPITAL  RESOURCES

Quarter  Ended  June  30,  1999  Compared  to  Quarter  Ended  March  31,  1999.

     The  Company  has funded its working capital requirements from cash used by
operating  activities  of  ($5,392,491)  at  June  30,  199, and the ending cash
balance  as  of  June 30, 1999 is $499,558.  The Company has successfully raised
capital  financing  during  the  years  ended  September  30,  1998  and  1997,
respectively.  Additional  capital  will  be  required  to  the Company to fully
expand  its  operations  into  all of the markets.  The amount of the additional
capital  that  may  be  required  is  dependent  upon  the expansion of existing
financial  resources,  and  the availability of other financing. There can be no
assurance  that  additional  capital can be raised or obtained as needed or that
the Company can ultimately fulfill its business objectives. The principle source
of  revenue  is generated from the sales of internet online advertising from TBI
and  the  billing  and  collections  services  from  MRS.  The  Company does not
anticipate  paying  dividends  on  its  Common  Stock in the foreseeable future.

     Cash  flows  used  by  investing  activities was $5,126,589 for the quarter
ended  June  30, 1999 compared to $233,211 for the quarter ended March 31, 1999.
The  Company  has  invested  in  intangible  assets  related  to  proprietary
technologies that the Company has acquired or internally developed.  The Company
continues  to  purchase  additional  computer  equipment  to upgrade and replace
incompatible  equipment  to  adhere  to internal requirements for the Year 2000.

     Cash  flows  provided  for financing activities was $10,974,935 for quarter
ended  June  30,  1999  compared  to  $352,500  for  March 31, 1999. The Company
obtained  cash  from  issuance  of stock and infusion of capital resources.  The
infusion  of  cash  provided  by  financing  activities  was attributable to the
acquisition  of  TBI  and  purchases  of  intangibles  and related technologies.

YEAR  2000

          The  Company  and  its  third  party  vendors  utilize software, which
truncates  the year to a two-digit field.  Accordingly, when the date passes the
year  2000,  errors  may  occur  in  the  calculation  and  processing  of  data
significant to the revenue recognition of the Company.  The Company's management
in  respect  to  TBI's  billing  service  providers:  Integretel  (IGT), Enhance
Services Billing, Inc.(ESBI), Olympic, Inc.(OLY), have taken steps to modify and
upgrade  equipment  and  software  programs  to  be  prepared  for the Year 2000
conversions.

          The  Year  2000  issue  also  affects  the  Company's internal systems
including  the  Company's  information  technology  (IT)  and  non  -IT systems.
Currently,  MRS  is  updating  the  medical  billing software, and has purchased
information  systems  internally  to  comply  with the requirements for the Year
2000.  The  cost of purchasing these systems has not been material, and has been
expensed  as incurred.  Management currently believes that all material internal
systems are compliant for the year 2000.  TBI's service providers IGT, ESBI, and
OLY  are  compliant  with  Year  2000  readiness  and has assured TBI that their
information  systems  are  Year  2000  compliant  in  all material effects.  TBI
believes that its most significant risk with respect to Year 2000 issues relates
to  the  performance  and readiness status of the numerous parties through which
billing  is  routed.  A  reasonable  worse  case  Year 2000 scenario will be the
failure  of  these  service  providers'  systems  that  negatively affects TBI's
ability, or the ability of any third party through which billing is routed.  The
impact  of  these  failures  cannot  be  estimated at this time, and TBI will be
dependent,  if  such failures occur, on the contingency plans of its third party
providers.  TBI does have back up systems or other means of billing its customer
through  direct  billing  efforts  in  the  event  of  a  worst  case  scenario.

<PAGE>
RECENT  ACCOUNTING  PRONOUNCEMENTS:  NONE



                                     PART II
OTHER  INFORMATION

ITEM  1  -  Legal  Proceedings
     None;  Not  Applicable

ITEM  2  -  Changes  in  Securities  and  Use  of  Proceeds
     None;  Not  Applicable

ITEM  3  -  Defaults  Upon  Senior  Securities
     None

ITEM  4  -  Submission  of  Matters  to  a  Vote  of  Security  Holders
     None

ITEM  5  -  Other  Information
     None

ITEM  6  -  Exhibits  and  Reports  on  Form  8-K

     (a)11     Earnings  Per  Share  computation

     (a)27     Financial  Data  Schedule  for  nine  months ended June 30, 1999,
               submitted  to  Securities and Exchange Commission  in  electronic
               format.

     (b)       Reports on Form  8-K:  Reports were filed in electronic format on
               Form 8-K on June 7, 1999  and  June 30, 1999 and are incorporated
               herein by reference.


<PAGE>
                                   SIGNATURES
                                   ----------

In  accordance  with Section 13 or 15(d) 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.


RIGL  CORPORATION




By:  /s/  Kevin  L.  Jones                        Date:  September  16, 1999
     Kevin  L.  Jones
     Title:  Director  and  President



By:  /s/  Peter  de  Krey                         Date:  September  16,  1999
     Peter  de  Krey
     Title:  Corporate  Secretary


<PAGE>