SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, DC 20549

                     FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
           SECURITIES EXCHANGE ACT OF 1934

    For the quarterly period ended MARCH 31, 2000

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
           SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to


          Commission file number 33-83418-LA


                CYBERIA HOLDINGS, INC.
(Exact name of Small Business Issuer as Specified in its Charter)


Delaware                                               93-1138967
(State or Other Jurisdiction                      (I.R.S. Employer
of Incorporation or                                 Identification
Organization)                                              Number)

                   1531 14th Street
            Santa Monica, California 90404
       (Address of Principal Executive Offices)

                    (310) 260-3163
   (Issuer's Telephone Number, Including Area Code)


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.

          Yes    X              No


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

    Common, $.0001 par value per share: 30,000,000
            outstanding as of May 1, 2000

<PAGE>


           PART I - FINANCIAL INFORMATION

        CYBERIA HOLDINGS, INC. AND SUBSIDIARY


            Index to Financial Information
             Period Ended March 31, 2000
                    (Unaudited)


Item                                         Page Herein

Item 1 -  Financial Statements:

Consolidated Balance Sheet                   3

Consolidated Statements of Operations        4

Consolidated Statements of Cash Flows        5

Notes to Condensed Consolidated
Financial Statements                         6



Item 2 - Management's Discussion and
         Analysis or Plan of Operation       7



<PAGE>




CYBERIA HOLDINGS, INC. AND SUBSIDIARY


CONSOLIDATED BALANCE SHEET

March 31, 2000



ASSETS



Current Assets

     Cash                          258,267
     Accounts receivable           374,153
     Advances to Employees/Other     3,538
     Due from Members               28,326
     Due from Affiliates            13,080
     Deferred tax asset             18,320
          Total current assets     695,685


Non-current assets

     Property, plant and
      equipment(net)               208,862
     Other assets                   44,544
          Total non-current assets 253,406


Total assets                       949,091


LIABILITIES & STOCKHOLDERS' EQUITY



Current liabilities

     Accounts payable and
     accrued expenses               45,683
     Due to affiliate                2,420
     Accrued payroll and
     payroll taxes                  62,175
     Income tax payable            158,282
          Capital Lease Payable
     - Current                      45,383

  Total current liabilities        313,943


Long term liabilities

     Capital Lease - Long Term      54,285
     Deferred income taxes
     - long term                     7,144
  Total long term liabilities       61,429


Minority Interest                  142,310


Stockholders' equity
     Common stock                    3,000
     Additional paid in capital      9,269
     Capital                            -0
     Retained earnings             196,677
     Net Income                    222,463
Total stockholders'
           equity                  431,409


Total liabilities
& stockholders' equity             949,091


<PAGE>


CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF OPERATIONS





                               FOR THE PERIODS
                           1/1/00         1/1/99
                           THROUGH        THROUGH
                           3/31/00        3/31/99


Sales                  $  1,101,443     $ 675,940

Cost of sales                85,137        71,913
General and
administrative expenses     617,411       355,817

     Total expenses         702,548       427,730

Net income
from operations             398,894       248,210

Other income (expense)
    Interest income           1,564           210
    Other Income                  -             -
    Gain/Loss on
    Sale of Securities            -             -
    Equity in Earnings
     of Med Rev                   -             -
   Interest expense          (5,460)       (4,791)
     Total other
     income (expense)        (3,896)       (4,581)

Income from
continuing operations
before taxes                394,998       243,629

Income taxes                130,981        75,462

Net income before
minority interest     $     264,017   $   168,167

Minority Interest            41,554         3,548

Net income                  222,463       164,619

<PAGE>



CYBERIA HOLDINGS, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS



                             FOR THE PERIODS
                            1/1/00         1/1/99
                            THROUGH        THROUGH
                            3/31/00        3/31/99
Operating Activities:

Net income            $     222,463    $     164,619
Adjustments to reconcile
net income to net cash
provided by
operating activities
   Depreciation and
   amortization              24,080            5,882
   Minority Interest         34,725            3,548
   Fixed Assets
    issued as compensation        -            2,766
 (Increase) decrease in:

   Accounts receivable      (24,312)        (502,356)
   Prepaid and
    other current assets      9,346           (1,119)
   Other assets              (1,596)          16,016
 Increase (decrease) in:

   Accounts payable and
    accrued expenses         (1,154)          17,473
   Book Overdraft           (24,863)          46,836
   Due to affiliates       (152,744)         154,405
   Accrued P/R & P/R taxes   37,136            5,508
   Income Tax Payable       130,181           75,363
   Deferred income           (1,500)          (1,500)


Net cash provided
by (for)operating activities
- continuing                251,762          (12,559)


Net cash provided
by (for) operating activities
- discontinued                 (811)         (84,204)


Investing Activities:

     Advances to Employees   (3,538)               -
     Due from Officer        (2,225)               -
     Long Term
      Lease Obligations       2,388                -
     Current Lease
      Obligations           (11,749)               -
     Purchase of
      computer equipment     (4,997)          (8,235)


Net cash provided
by (for) investing activities
- continued                 (20,121)          (8,235)


Net increase in cash        230,830         (104,998)


Cash, beginning of period    27,437          104,998


Cash, end of period    $    258,267      $         -

<PAGE>


         CYBERIA HOLDINGS, INC. AND SUBSIDIARY
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                    MARCH 31, 2000
                     (UNAUDITED)

1.   Presentation of Interim Information

     The accompanying unaudited consolidated financial statements have been
prepared in conformity with generally accepted accounting principles for
interim financial information and with Regulation S-B. Accordingly, they do
not include all the information and footnotes required by generally accepted
accounting principles for complete financial statements.  In the opinion of
management, all normal, recurring adjustments considered necessary for a fair
presentation have been included.  These consolidated financial statements
should be read in conjunction with the consolidated financial statements and
notes thereto included in the Company's Annual Report on Form 10-KSB for the
year ended December 31, 1999.  The results of operations for the three months
ended March 31, 2000 are not necessarily indicative of the results that may be
expected for the year ended December 31, 2000.

2.   Financial Statements

     The consolidated financial statements include the accounts of  the
Company and its subsidiary, Media Revolution.  All significant intercompany
balances, transactions and stockholdings have been eliminated.

3.   Furniture and Equipment

     Furniture and equipment at March 31, 2000 (unaudited) consisted of the
following:

     Furniture and Fixtures        $   9,292
     Computer Equipment              148,021
     Office Equipment                 20,584
     Leasehold Improvements           13,272
     Capital Leases                  183,501
                                     374,670
     Less accumulated depreciation
     and amortization                165,808

     Total                          $208,862


<PAGE>

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

     The following discussion should be read in conjunction with the
Financial Information and Notes thereto included in this report and is
qualified in its entirety by the foregoing.

     Background

     The Company was organized under the laws of the State of Delaware on
February 24, 1994 under the name NW Venture Corp.  In October 1995, the
Company completed an initial public offering of certain shares of its Common
Stock pursuant to a Registration Statement declared effective by the
Securities and Exchange Commission on June 30, 1995 as a "blank check"
offering subject to Rule 419 of Regulation C under the Securities Act of 1933.

     In May 1996, the Company executed an agreement with Cyberia, Inc., a
California corporation ("Cyberia"), and its shareholders to acquire all of the
issued and outstanding shares of capital stock of Cyberia in exchange for
25,500,000 shares of Common Stock of the Company (the "Cyberia Acquisition").
At the time thereof and through December 31, 1998, Cyberia  was primarily
involved in the business of creating original music for television and radio
commercials.  As of December 26, 1996, and following successful completion of
a reconfirmation offering required pursuant to Rule 419, the Company
consummated the Cyberia Acquisition whereby Cyberia became a wholly-owned
subsidiary of the Company.

     During 1996, Cyberia entered into an agreement to form Media
Revolution, LLC ("Media Revolution"), which  was organized to design Internet
web sites, computer games and software.  The Company owns 80% of this entity
and has control of the day-to-day operations.  A non-related party owns the
remaining 20%.

     On January 13, 1997, the Company changed its corporate name to Cyberia
Holdings, Inc. to reflect the change of direction and new business of the
Company which resulted from the aforesaid transaction with Cyberia.

     On October 6, 1998 a meeting of the Board of Directors and Officers was
held in which it was decided to cease the operations of Cyberia, Inc. as of
December 31, 1998 to allow the Company to focus its resources on the growth
and development of Media Revolution.  All existing assets and liabilities at
the close of operations on December 31, 1998 have been transferred to Cyberia
Holdings, Inc. as per the Certificate of Dissolution filed in the Office of
the Secretary of State of California.

     Results of Operations for the Three Months Ended March 31, 2000

     Net sales for the three month period ended March 31, 2000 were
$1,101,443 as compared to $675,940 for the three month period ended March 31,
1999, an increase of $425,503 or 62%.  This increase is primarily due to the
Company's dedication of its resources to further support Media Revolution's
efforts to, in management's opinion, differentiate itself in the Internet
services marketplace.  Additionally, the Company has continued its focus on
its defined target sectors and in securing projects with a larger scope.

     Cost of sales was $85,137 for the three month period ended March 31,
2000 as compared to $71,913 for the three month period ended March 31, 1999,
an increase of $13,224 or 18%.  This increase is primarily due to the addition
of staff members to support the increase in net sales.  Additionally, a
restructuring and a streamlining of the production process in the prior year
has assisted in reducing production costs in proportion to net sales.

<PAGE>

     General and administrative expenses were $617,411 for the three month
period ended March 31, 2000 compared to $355,817 for the three month period
ended March 31, 1999, an increase of $261,594 or 73%.  The increase is
primarily due to an increase in rent following the move of Media Revolution
into a  new location, the continued search for and hiring of new employees by
Media Revolution, and increased employee benefits needed in order to remain
competitive with other employers in the industry.

     Liquidity and Capital Resources

     At March 31, 2000, the Company had a working capital surplus of
$381,742.  The ratio of current assets to current liabilities was
approximately 2.21 to 1 at March 31, 2000.  At March 31, 2000, the Company had
stockholders' equity of $431,409.

     To date, the Company has funded its activities principally from cash
flows generated from operations.  It is anticipated that the Company's
continuing cash flows from operations will be sufficient to meet its cash and
working capital requirements for the next thirteen months.  However, if the
Company's cash flows should be materially less than expected, the Company may
find it necessary to seek additional sources of financing to support its cash
and working capital requirements.  Although the Company is hopeful that such
financing can be arranged, there can be no assurance the Company will in fact
be able to obtain such financing at the time, if any, such need arises, or if
obtained, on terms acceptable to the Company.

     Year 2000 Issue

     The year 2000 issue is the result of computer programs being written
using two digits, rather than four, to define the applicable year.  Software
programs and hardware that have date-sensitive software or embedded chips may
recognize a date using "00" as the year 1900 rather than the year 2000.  This
could result in a major system failure or miscalculations causing disruptions
of operations, including a temporary inability to engage in normal business
activities.

     Prior to the year 2000, the Company determined that its critical
software (primarily widely used software packages) and all of its critical
business systems, were already year 2000 compliant.

     As of the date of this report, no significant problems had been
encountered.  However, there can be no assurance that this will continue to be
the case, and there are also continuing risks to the Company's operations from
year 2000 failures by third parties such as suppliers.   In this regard, the
Company continues to monitor the situation.

     The Company previously had initiated communications with third parties
with  whom  the  Company  has material  direct  and  indirect  business
relationships in order to determine the extent  to  which  the  Company's
business is vulnerable to the third parties  failure  to   make   their
systems year 2000  compliant.  Based upon the information gathered from such
other third parties, the Company is not aware of any material third party year
2000 risks, which have not been resolved.  As of the date of this report, the
Company has not experienced any significant year 2000 issues arising from
third parties.

     The Company continues to maintain close contact with critical suppliers
with respect to such third parties year 2000 compliance and any year 2000
issues that might arise at a later date.

     The Company currently does not have a contingency plan in the event
year 2000 issues arise at a later date. Such a plan will be developed if it
becomes necessary. Although no assurance can be given that there will be no
interruption of operations due to year 2000 issues, the Company has not to
date suffered any significant problems and believes that it has reasonably
assessed all of its systems in order to ensure that the

<PAGE>

Company will not suffer any material adverse effect in the future.

     The Company has used and will continue to use, if necessary, internal
resources to resolve year 2000 issues. Costs incurred to date by the Company
have not been material.  The Company does not anticipate incurring any further
costs.

<PAGE>


             PART II - OTHER INFORMATION

Item 1.   Legal Proceedings.

          None.

Item 2.   Changes in Securities.

          None.

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)  Exhibits.

          There are no exhibits applicable to this Form 10-QSB.

          (b)  Reports on Form 8-K.

          Listed below are reports on Form 8-K filed during the
          fiscal quarter ended March 31, 2000.

          None.

<PAGE>


                                SIGNATURES

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


                              CYBERIA HOLDINGS, INC.
                              (Registrant)


Dated: May 19, 2000           By:  /s/ Jay Rifkin
                                  Jay Rifkin, President



Dated: May 19, 2000           By:  /s/ Jay Rifkin
                                  Jay Rifkin, Principal
                                  Financial Officer