SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB


               Quarterly Report Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


For Quarter Ended June 30, 1998                   Commission File No. 33-30476-D


                       RENEGADE VENTURE (NEV.) CORPORATION
             (Exact name of Registrant as specified in its charter)


                    NEVADA                              84-1108499
       (State or other jurisdiction of           (I.R.S. Empl. Ident. No.)
        incorporation or organization)


                  90 Madison Street, Suite 707
                        Denver, Colorado                       80206
            (Address of Principal Executive Offices)         (Zip Code)


                                 (303) 355-3000
              (Registrant's Telephone Number, including Area Code)


Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period that the Registrant was required
to file such reports),  and (2) has been subject to such filing requirements for
at least the past 90 days.

                     Yes _____ No __X__

The number of shares  outstanding of each of the Registrant's  classes of common
equity, as of June 30, 1998 are as follows:


              Class of Securities                       Shares Outstanding
          -----------------------------                 ------------------
          Common Stock, $.001 par value                       320,000

<PAGE>


                                      INDEX
                                                                        Page of
                                                                        Report
                                                                        --------
            PART I.        FINANCIAL INFORMATION


Item 1.     Financial Statements.

            Balance Sheets:

            As of June 30, 1998 (Unaudited) and December 31, 1997......... 3

            Statements of Operations (Unaudited):

            For the six months ended June 30, 1998
            and 1997 and Cumulative from inception
            (February 13, 1989) through June 30, 1998..................... 4

            Statements of Cash Flows (Unaudited):

            For the six months ended June 30, 1998 and 1997
            and Cumulative from inception (February 13, 1989)
            through June 30, 1998......................................... 5

            Notes to Financial Statements (Unaudited)..................... 6


Item 2.     Management's Discussion and Analysis or Plan of Operation..... 8


            PART II.       OTHER INFORMATION


Item 6.     Exhibits and Reports on Form 8-K.............................. 9


            Signatures.................................................... 9


                                        2

<PAGE>


                       RENEGADE VENTURE (NEV.) CORPORATION
                          (A Development Stage Company)
                                 Balance Sheets
                                   (Unaudited)

                                         June 30,         Dec. 31,
                                           1998             1997
                                        ----------       ----------

                                    ASSETS

CURRENT ASSETS
  Cash                                    14,058           17,628
                                       ---------        ---------
       Total Current Assets               14,058           17,628
                                       ---------        ---------

TOTAL ASSETS                              14,058           17,628
                                       =========        =========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Accounts payable                        39,804           37,804
                                       ---------        ---------

Total Liabilities                         39,804           37,804
                                       ---------        ---------

STOCKHOLDERS' EQUITY
  Preferred stock, $.001 par value,
  5,000,000 shares authorized,
  no shares issued or outstanding              -                -

  Common stock, $.001 par value;
  50,000,000 shares authorized,
  320,000 shares issued and
  outstanding                                320              320

  Additional paid-in capital              62,805           62,805

  Deficit accumulated during the
    development stage                    (88,871)         (83,301)
                                       ---------        ---------
Total  Stockholders' Equity              (25,746)         (20,176)
                                       ---------        ---------
TOTAL LIABILITIES AND
  STOCKHOLDERS' EQUITY                    14,058           17,628
                                       =========        =========

                 See accompanying notes to financial statements.

                                        3

<PAGE>


                       RENEGADE VENTURE (NEV.) CORPORATION
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)

                                                                Cumulative from
                                                                   inception
                                                                (Feb. 13, 1989)
                                      For The Six Months Ended,     through
                                        June 30     June 30,        June 30,
                                         1998         1997           1998
                                         ----         ----           ----

Revenues                                    0            0              0
                                      -------      -------        -------

Costs and Expenses:
  Legal and accounting services         5,055        2,466         66,253
  Stock transfer and promotion             15          365         23,767
  Office and postage                      500        1,073          5,145
  Amortization                              0            0          1,760
                                      -------      -------        -------
Total Expenses                          5,570        3,904         96,925
                                      -------      -------        -------

Loss from operations                   (5,570)      (3,904)       (96,925)
                                      -------      -------        -------

Other Income
  Interest income                           0            0          8,054
                                      -------      -------        -------

Net Loss Incurred during
  Development Stage                    (5,570)      (3,904)       (88,871)
                                      =======      =======        =======

Net Loss per common share              ($0.02)      ($0.01)        ($0.28)
                                      =======      =======        =======

Weighted average shares outstanding   320,000      320,000        320,000
                                      =======      =======        =======
Dividends declared per common
  share                                     -            -              -
                                      -------      -------        -------

                See accompanying notes to financial statements.

                                        4

<PAGE>


                       RENEGADE VENTURE (NEV.) CORPORATION
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (Unaudited)

                                                                Cumulative from
                                                                   inception
                                                                (Feb. 13, 1989)
                                      For The Six Months Ended,     through
                                        June 30     June 30,        June 30,
                                         1998         1997           1998
                                         ----         ----           ----


Cash flow operating activities
  Net loss                             (5,570)      (3,904)       (88,871)
  Adjustments to reconcile net
   loss to net cash used by
   operating activities:                    0            0
    Amortization                            0            0          1,760
    Increase (decrease) in
      accounts payable                  2,000            0         39,804
                                      -------      -------        -------

Net cash provided by (used In)
  operating activities                 (3,570)      (3,904)       (47,307)

Cash flow from investing activities

  Organization costs incurred               0            0         (1,760)
                                      -------      -------        -------

Cash flows from financing activities

 Net proceeds from issuance of
    common stock                            0            0         63,125
                                      -------      -------        -------

Net increase (decrease) in cash        (3,570)      (3,904)        14,058
                                      -------      -------        -------

Cash and cash equivalents at
   beg. period                         17,628       27,528              0
                                      -------      -------        -------

Cash and cash equivalents at
   end of period                       14,058       23,624         14,058
                                      =======      =======        =======

                 See accompanying notes to financial statements.

                                        5

<PAGE>


                       RENEGADE VENTURE (NEV.) CORPORATION
                          (A Development Stage Company)
                          Notes To Financial Statements
                                  June 30, 1998


1.   Summary of Significant Accounting Policies

     Renegade  Venture  Corporation (the "Company") was incorporated on February
     13, 1989. The Company was formed as a Blank Check Company to obtain funding
     from a public  offering  in order to provide a vehicle to acquire or engage
     in business  opportunities  that  management  believes  have  potential for
     profitability.  Through  June 30,1998 the Company had been seeking a viable
     prospective opportunity and had not engaged in any other activities.

     During 1997, the Company was redomiciled as a Nevada corporation  through a
     merger  with a newly  formed  Nevada  corporation,Renegade  Venture  (Nev.)
     Corporation, a wholly-owned subsidiary of Renegade Venture Corporation.

     The  financial  statements of the Company have been prepared on the accrual
     basis. Following is a summary of significant accounting policies.

     Development stage - The Company is in the development  stage, as defined in
     the Statement of Financial Accounting Standards No. 7, as revenues have not
     yet been generated from planned operations.

     The  Company  intends to  continue  its  efforts to find a suitable  merger
     candidate in accordance with its original operating plan.

     Cash and cash  equivalents - Cash held by trustee,  certificates of deposit
     and checking accounts are considered cash and cash equivalents for purposes
     of the statement of cash flows.

     Organization  costs - Certain  costs  incurred to set up the  Company  were
     capitalized and amortized over five years. These costs are fully amortized.

     Income taxes - The Company  accounts  for income  taxes under  Statement of
     Financial   Accounting   Standards  No.  109  ("FASB  No.109").   Temporary
     differences are differences between the tax basis of assets and liabilities
     and their reported amounts in the financial  statements that will result in
     taxable or  deductible  amounts in future years.  The  Company's  temporary
     difference consists of net operating loss carryforwards.

2.   Common Stock Transactions

     During  1989,  the Company  completed a public  offering.  The Company sold
     5,000,000 units consisting of 2 shares of $.0001 par value common stock and
     one Class A common  stock  purchase  warrant at $.02 per unit.  The Class A
     warrants  entitled the holder to purchase one share of common stock at $.02
     per share,  and receive one Class B warrant  which  entitled  the holder to
     purchase  one share of common  stock at $.04 per share.  In  addition,  the
     underwriter was issued warrants which entitled them to purchase  500,000 of
     the public  offering units  discussed above with an exercise price of $.024
     per unit for a flat fee of $50.  A total of  $100,050  was  raised  in this
     initial  public  offering,  less  $37,425 in offering  costs.  Prior to the
     initial  public  offering,  22,000,000  common  shares  were  issued to the
     founder and other insiders for their efforts in setting up the Company.

     During  1989,  an  additional  7,500,000  Class A warrants  were  issued to
     non-affiliated  individuals  for $500. All warrants,  including the Class A
     and B and Underwriter warrants, have since expired unexercised.

     No additional  shares have been issued since this initial  public  offering
     described above.

                                        6

<PAGE>


     On April 9, 1994, the majority  shareholder and founder of the Company sold
     90% of his  interest to an  unaffiliated  group.  At that time,  the former
     officers and directors  resigned and control of the company  shifted to the
     new majority shareholders.

     Effective  August 9, 1996 the  Company's  articles  of  incorporation  were
     amended,  making several  changes  affecting  common stock. A reverse-stock
     split was approved,  whereby each 100 shares of original  common stock were
     changed into one share of common stock.  This action  reduced the number of
     outstanding  common shares from 3,200,000 to 320,000.  What was reported as
     "Additional  paid-in capital" totalling  $59,925,  has been reclassified as
     common stock on the accompanying balance sheet.

     The number of  authorized  common  shares was  increased  after the reverse
     split from  32,000,000  to  50,000,000.  Finally,  the number of authorized
     preferred  shares was changed to 5,000,000.  No preferred  shares have ever
     been issued by the Company. Upon part of the 1997 redomiciliation to Nevada
     (see  below),  statutory  par value of $.001 for both common and  preferred
     stock was established.

     During 1996,  the  Company's  shareholders  approved the 1994  Compensatory
     Stock  Option  Plan.  The plan  provides  for  options  to  purchase  up to
     2,000,000 shares of common stock,  after the reverse-stock  split discussed
     above.  The options give the right to purchase common stock at "fair market
     value" as  determined by the Board of Directors at the date of issuance for
     a period of up to five years.

     During 1996,  the Company's  shareholders  approved the 1994 Employee Stock
     Compensation  Plan.  This plan allows for up to 1,000,000  shares of common
     stock,  after the reverse- stock split discussed above, to be issued to key
     employees,  officers,  directors and certain other persons  affiliated with
     the Company as compensation.  As part of the 1997 redomiciliation to Nevada
     (see below),  the 1994 plans  described  above were adopted and renamed the
     1997   Compensatory   Stock  Option  Plan  and  the  1997  Employee   Stock
     Compensation Plan by the Nevada corporation.  As of June 30, 1998, no stock
     options under the 1997 Compensatory  Stock Option plan, nor have any common
     shares of stock under the Employee Stock Compensatory Plan been issued.

     During 1997, the company redomiciled to the state of Nevada by merging with
     a newly formed Nevada  corporation,  Renegade  Venture (Nev.)  Corporation.
     Each share of the 320,000  post-reverse  split  shares of Renegade  Venture
     Corporation was converted into one fully paid,  non-assessable share of the
     Nevada corporation.

3.   Income Taxes

     Effective  January 1, 1993, the Company  adopted FASB No. 109,  "Accounting
     For Income  Taxes".  Under the  provisions  of FASB No.  109,  the  Company
     elected  not to restate  prior  years and  determined  that the  cumulative
     effect of this  accounting  change was immaterial.  Additionally,  adopting
     this change did not have a material effect on the operating results for the
     year ended December 31, 1993.

     The difference  between the tax basis of assets and liabilities  gives rise
     to a net deferred tax asset of approximately  $18,500 consisting of the tax
     effects  of net  operating  loss  carryforwards.  As of June  30,  1998,  a
     valuation allowance equal to the net deferred tax asset recognized has been
     recorded,  as it was  determined  that the  deferred tax asset may never be
     realized.

     At June 30, 1998,  the Company has a net  operating  loss  carryforward  of
     approximately  $88,871 which expires  between the years ended  December 31,
     2005 and 2013.

                                        7

<PAGE>


Item 2.     Management's Discussion and Analysis or Plan of Operation.

     BACKGROUND.  Renegade Venture  Corporation was incorporated in the state of
Colorado on February 13, 1989. On September 22, 1997, it was  redomiciled to the
state of Nevada by merging into its wholly  owned  subsidiary  Renegade  Venture
(Nev.) Corporation ("Company"),  a Nevada corporation,  which now is the name of
the  Company.  The  merger  effected  a 1:1 stock  exchange,  where the  320,000
outstanding   shares  of  common  stock,  no  par  value,  of  Renegade  Venture
Corporation were exchanged for 320,000 shares of common stock,  $.001 par value,
of the Company.

     The  Company  is in the  development  stage in  accordance  with  Financial
Accounting Standards Board Standard No. 7. The Company has not been operational,
other than  occasionally  searching  for a business  or venture to  acquire,  as
described below, or had revenues other than interest income since its inception.

     On May 4, 1990,  the  Company  completed  a small  public  offering  of its
securities  made  pursuant to a  registration  statement  of Form S-18,  selling
5,000,000 of 7,500,000  units  offered,  at the price of $.02 per unit.  In this
offering  the Company  realized  net  proceeds  of $61,476 on gross  proceeds of
$100,000  raised in the  offering.  Each unit sold  consisted  of TWO  shares of
common  stock of the  Company,  $.0001 par value,  and ONE Class A Common  Stock
Purchase  Warrant,  exercisable  until  December 7, 1991,  at a price of $.02 to
purchase  one  share of  common  stock  and one  Class B Common  Stock  Purchase
Warrant.  All of the Class A and Class B warrants  expired  without  having been
exercised.

     FORWARD LOOKING  STATEMENTS.  This report contains certain  forward-looking
statements and information relating to the Company that are based on the beliefs
of its  management  as well as  assumptions  made by and  information  currently
available to its management.  When used in this report, the words  "anticipate",
"believe",  "estimate",  "expect",  "intend", "plan" and similar expressions, as
they  relate  to the  Company  or  its  management,  are  intended  to  identify
forward-looking  statements.  These statements reflect management's current view
of the company with respect to future  events and are subject to certain  risks,
uncertainties  and  assumptions.  Should  any of these  risks  or  uncertainties
materialize,  or should underlying  assumptions prove incorrect,  actual results
may  vary  materially  from  those  described  in this  report  as  anticipated,
estimated or  expected.  The  Company's  realization  of its business  aims will
depend  in  the  near  future  principally  on  the  successful  acquisition  of
operations or origination of a business as discussed below.

     BUSINESS OF THE  COMPANY.  The  Company's  business is to either  acquire a
small to  medium-size  business (or its assets)  actively  engaged in a business
generating revenues or having immediate prospects of generating revenues,  or to
originate a business.  Due to its current lack of cash,  the Company  intends to
acquire a business by issuing shares of the Company's stock in a merger or stock
exchange.  Originating a business,  on the other hand, would require  sufficient
cash to launch the  business,  and the  origination  of a business  may  involve
starting  a  business  from  scratch  or may take  another  form such as a joint
venture,  partnership or other  association with other individuals or companies.
In order to avoid becoming  subject to regulation  under the Investment  Company
Act of 1940,  as  amended,  the  Company  does  not  intend  to  enter  into any
transaction  involving  the purchase of another  corporation's  stock unless the
Company can acquire at least a majority interest in that corporation.

     The Company has not identified any industry,  segment within an industry or
type of business, nor geographic area, in which it will concentrate its efforts,
and any  assets  or  interest  acquired  or  business  originated  may be in any
industry or  location,  anywhere in the world.  In regard to  acquisitions,  the
Company  will  give  preference  to  profitable  companies  or  ventures  with a
significant asset base sufficient to support a listing on a national  securities
exchange or quotation on the NASDAQ Small Cap Market. There is no assurance that
the Company will be successful  in acquiring or  originating  any business.  The
Company has no  operations  or source of revenues and has no assets other than a
nominal amount of cash.


     RESULTS OF  OPERATIONS.  During the fiscal quarter ended June 30, 1998 (the
second  quarter  of the  year),  the  Company  incurred  a net loss of $2,340 as
compared to a net loss of $751 for the quarter ended June 30, 1997. Expenses for
the second quarter related  primarily to accounting  fees,  legal fees and other
costs incurred in regard to the Company's SEC filings.

                                        8

<PAGE>


     LIQUIDITY  AND CAPITAL  RESOURCES.  The Company had $14,058 cash on hand at
the end of the second quarter.  The Company has, since inception,  accumulated a
deficit (net loss) of $88,871.  The Company had no other liquid assets,  nor any
current plans to raise capital.  Whether the Company  ultimately becomes a going
concern  depends  upon its success in finding and  acquiring a suitable  private
business and the success of that acquired  business.  At this time,  the Company
has no commitment for any capital  expenditure  and foresees  none.  Offices are
provided without charge to the Company.  However, the Company will incur routine
fees and expenses incident to filing of periodic reports with the Securities and
Exchange  Commission,  and it will incur fees and expenses in the event it makes
or attempts to make an acquisition.  As a practical matter,  the Company expects
no significant operating costs other than professional fees payable to attorneys
and accountants.

     In regard to a proposed acquisition,  the Company anticipates requiring the
target  company to deposit with the Company a retainer which the Company can use
to defray such professional fees and costs. In this way, the Company could avoid
the  need to  raise  funds  for  such  expenses  or  becoming  indebted  to such
professionals.  Moreover,  investigation  of  business  ventures  for  potential
acquisition  will involve  some costs,  at the least  postage and  long-distance
telephone charges. Management hopes, once a candidate business venture is deemed
to be  appealing,  to likewise  secure a deposit  from the  business  venture to
defray  expenses  of  further  investigation,  such as air  travel  and  lodging
expenses. An otherwise desirable business venture may, however,  decline to post
such a deposit.

     The Company has no credit  available  to it and is unable to borrow  money.
Management  does not anticipate  raising funds through the sale of securities or
otherwise,  and it is  unlikely  that  significant  funds  could be  raised in a
securities  offering,  in  any  event.  This  inability  to  raise  funds  could
negatively affect the Company's realization of its business purpose.


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

            (a)   EXHIBITS.  Exhibit 27 - Financial Data Schedule.

            (b)   REPORTS ON FORM 8-K.  None



                                   SIGNATURES


     In accordance  with the  requirements  of the Exchange Act, the  Registrant
caused  this  Report  on  Form  10-QSB  to  be  signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.


DATED: August 10, 1998
                                 RENEGADE VENTURE (NEV.) CORPORATION


                                 By /s/ Randy J. Sasaki
                                        ----------------------------------------
                                        Randy J. Sasaki, Chief Executive Officer
                                        and Chief Financial Officer

                                        9