SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                   FORM 10 QSB

(Mark One)

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

For the quarterly period 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                 to
                               ---------------     ---------------------

Commission file number:    2  41703

                           CASSCO CAPITAL CORPORATION
        ---------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)

           Delaware                                           43 1594165
-------------------------------                         --------------------
(State or other jurisdiction of                             (I.R.S. employer
 incorporation or organization)                         identification number)

1999 Broadway, Ste. 3250, Denver, Colorado                       80202
------------------------------------------                       -----
(Address of principal executive offices)                       (Zip Code)

Issuer's telephone number, including area code: (303) 292 2992

Indicate by check mark whether the issuer (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 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 ___

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date: As of June 30, 1999, there were
approximately 22,817,005 shares outstanding.


<PAGE>





I.  PART I     FINANCIAL INFORMATION

Item 1.  Financial Statements

                           CASSCO CAPITAL CORPORATION
                                 BALANCE SHEETS


                                                      June 30,      December 31,
                                                        1999            1998
                                                     ----------     ------------
                                                    (Unaudited)       (Audited)
ASSETS

Current Assets:
     Cash                                            $    --          $    --
                                                     ---------        ---------
 Total Current Assets                                     --          $    --
                                                     ---------        ---------
Total Assets                                         $    --          $    --
                                                     =========        =========

LIABILITIES AND SHAREHOLDERS' EQUITY

Current Liabilities:
  Accounts payable                                   $    --          $    --
                                                     ---------        ---------
Total Current Liabilities                                 --               --
                                                     ---------        ---------
Shareholders' Equity
   (Deficit)

Common Stock, $.00333
  par value, 75,000,000
  shares authorized,
  22,817,505 shares
  outstanding                                           75,981           75,981

Additional paid
   in capital                                          100,552          100,552

Retained earnings (deficit)                           (176,533)        (176,533)
                                                     ---------        ---------
Total Shareholders'
   Equity (Deficit)                                       --               --
                                                     ---------        ---------
Total Liabilities and
  Shareholders'
  Equity (Deficit)                                   $    --               --
                                                     =========        =========

<PAGE>



                              CASSCO CAPITAL CORP.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS

                                                       Six months ended June 30,
                                                        1999              1998
                                                        ----              ----

Total Income                                              --                --
                                                      -------             ------
General and
 administrative
  expenses:                                               --              19,113
                                                      -------             ------
       Total Expenses                                     --              19,113
                                                      -------             ------
Other income
  and expenses:                                           --                --


       Net income (loss)                                  --              19,113
                                                      =======             ======


<PAGE>

                              CASSCO CAPITAL CORP.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS


                                                       Six months ended June 30,
                                                         1999           1998
                                                         ----           ----

Cash (used) by operating activities:
   Net loss                                            $    --        $   --

Adjustments to reconcile netgain
   (loss) to net cash provided by
    operating activities:                                   --            --

Net Cash Flows (used) by
    operating activities                                    --            --

Increase (decrease) in Cash                                 --            --

Cash at Beginning of the Period                             --            --
                                                       --------      --------
Cash at End of the Period                                   --            --
                                                       --------      --------
                                                       $    --       $    --
                                                       ========      ========

<PAGE>

                           CASSCO CAPITAL CORPORATION
                          (a development stage company)
                          Notes to Financial Statements
                                  June 30, 1999
                                   (Unaudited)

In the opinion of management, all adjustments (consisting of normal recurring
adjustments) considered necessary for a fair presentation of the financial
condition of registrant have been included, and the disclosures are adequate to
make the information presented not misleading.

Note 1. A summary of significant accounting policies is currently on file with
the U.S. Securities and Exchange Commission.

Note 2. The loss per share was computed by dividing net loss by the weighted
average number of shares of common stock outstanding during the period.

Note 3. Registrant has not declared or paid dividends on its common shares since
inception.

Note 4. The  accompanying  unaudited  condensed  financial  statements have been
prepared in accordance  with the  instructions to Form 10 QSB and do not include
all  information  and  footnotes  required  by  generally  accepted   accounting
principles for complete financial statements.

Note 5. Income taxes have not been provided for in that registrant has not had a
tax liability from inception through the date of this report, due to operating
losses.


<PAGE>

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

Results of Operations: Cassco Capital Corp. (Company) was incorporated as
Anthony Kane Incorporated under the laws of the State of Delaware on February 5,
1969, and became subject to the reporting provisions of the Securities Exchange
Act of 1934 on June 11, 1969, when a registration statement filed by the Company
was declared effective by the U.S. Securities and Exchange Commission.

The name of the Company was changed to Maid Rite Ventures, Inc., on April 8,
1985, and to Grandee Corporation on September 23, 1985, on which date the
Company also increased its authorized shares of common stock from 25,000,000 to
75,000,000, concurrently effecting a decrease in par value per share from $.01
to $.00333.

In July, 1992, the Company entered into an agreement with K C Jakes BBQ & Grill,
Inc., for the purpose of acquiring KC Jakes as a subsidiary. This agreement was
set aside by a court of competent jurisdiction in 1994, as previously reported
by the Company in a filing under the Securities Exchange Act of 1934 on Form
8K.

On January 10, 1995, the Company entered into an agreement with Epsitek, Inc., a
Delaware corporation to acquire two subsidiaries of Epsitek as wholly owned
subsidiaries of the Company. In conjunction with the acquisition, the Company
issued 6,000,000 shares of common stock to Epsitek, which also appointed new
directors and took control of the Company. Subsequently, Epsitek was unable to
complete the conditions imposed for and at closing. The acquisition, therefore,
did not occur and the shares issued in connection with the acquisition were
returned to treasury and the board members of the Company appointed by Epsitek
resigned.

The Company is now engaged in the process of locating a merger and/or
acquisition candidate.

The Company has had recurring losses from operations since inception and had a
net capital deficiency at year end, each of which raise substantial doubts about
the ability of the Company to continue as a going concern. Accordingly, the
auditors' report and opinion included in this report contain an explanatory
paragraph about these uncertainties.

The Company, as a result of the cessation of its business and the failure of its
proposed acquisitions, had no operations during the year; thus, no meaningful
comparison can be made to prior years.

Liquidity and Capital Resources: The Company, from inception has relied on
capital infusions from executive officers and directors and on credit from
vendors.

<PAGE>


PART II   OTHER INFORMATION

Item 1.  Litigation

No material legal proceedings to which the Company (or any officer or director
of the Company, or any affiliate or owner of record or beneficially of more than
five percent of the Common Stock, to management's knowledge) is a party or to
which the property of the Company is subject is pending and no such material
proceeding is known by management of the Company to be contemplated.

Item 2.  Change in Securities

This item is not applicable to the Company for the period covered by this
report.

Item 3.  Defaults Upon Senior Securities

This item is not applicable to the Company for the period covered by this
report.

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

There were no meetings of security holders during the period covered by this
report; thus, this item is not applicable.

Item 5.  Other Information

There is no additional information which the Company is electing to report under
this item at this time.

Item 6.  Exhibits and Reports on Form S K

No reports on Form 8 K were filed by the Company during the period covered by
this report.


<PAGE>

SIGNATURES

Pursuant to the  requirements of 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 this 2nd day of July, 1999.

CASSCO CAPITAL CORPORATION
(Registrant)

By:  /s/  Richard Gregory
     ------------------------------
     Richard Gregory, President and
     Chief Executive Officer

By:  /s/  Richard Gregory
     ------------------------------
     Richard Gregory, Chief Financial
     and Accounting Officer and
     Treasurer