SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 10-QSB

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

For Quarter Ended September 30, 2000               Commission File No.  0-30727

                           NEWCOM INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

                    Nevada                             88-0320439
(State or other jurisdiction of
 incorporation or organization)         (I.R.S. Employer Identification Number)


 515 West Pender Street, Vancouver, British Columbia            V6B 6H5
      (Address of principal executive offices)                 (Zip Code)

                                 (604) 681-5678
              (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 for 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


                      APPLICABLE ONLY TO CORPORATE ISSUERS:


     As of September 30, 2000, there were 15,500,000 shares of the Registrant's
$ .01 par value common stock issued and outstanding.


<PAGE>

                           NEWCOM INTERNATIONAL, INC.
                                      INDEX



                                                                          Page
                                     PART I

Item 1.   Financial Statements

          Balance Sheet - September 30, 2000 (unaudited)..................  1

          Statements of Operations - Three and Nine
           Months Ended September 30, 2000 and 1999
           (unaudited) and the period from
           September 12, 1996 (inception) to
           September 30, 2000 (unaudited).................................  2

          Statements of Cash Flows - Nine Months Ended
           September 30, 2000 and 1999 (unaudited)
           and the period from September 12, 1996
           (inception) to September 30, 2000
           (unaudited)....................................................  3

          Notes to Financial Statements...................................  4

Item 2.   Management's Discussion and Analysis of

          Financial Condition and Results of Operations...................  6



                                     PART II

Item 1.   Legal Proceedings................................................ 7

Item 2.   Changes In Securities............................................ 7

Item 3.   Defaults Upon Senior Securities.................................. 7

Item 4.   Submission of Matters to a Vote of Security Holders.............. 7

Item 5.   Other Information................................................ 7

Item 6.   Exhibits and Reports on Form 8-K................................. 7

          Signatures....................................................... 8

                                        I

<PAGE>

                            NewCom INTERNATIONAL INC.
                             (A blank-check company)
                                  Balance Sheet

<TABLE>
<CAPTION>

                                                    September 30,
ASSETS                                                  2000
                                                     (unaudited)
<S>                                                  <C>
Current assets:
   Cash                                              $       856
   Prepaid expenses                                      149,400

Total current assets                                     150,256

Notes receivable                                         168,356
Other receivables                                         47,709
Acquisition costs                                              -
                                                     $   366,321
LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
   Accounts payable and accrued expenses             $   113,883
   Note payable to bank                                        -
   Note payable to related party                          67,158

Total current liabilities                                181,041

Stockholders' equity:
   Common stock, $.001 par value;
      100,000,000 shares authorized;
      15,500,000 shares issued and outstanding            15,500
   Additional paid-in capital                          1,218,500
   Deficit accumulated as a blank-check company       (1,048,720)
Total stockholders' equity                               185,280
                                                     $   366,321
</TABLE>







                 See accompanying notes to financial statements.


                                        1
<PAGE>

                            NewCom INTERNATIONAL INC.
                             (A blank-check company)
                            Statements of Operations

<TABLE>
<CAPTION>

                                                                  For the Period
                                                                 from Inception,
                              For the Three        For the Nine   September 12,
                               Months Ended         Months Ended   1996, Through
                              September  30,       September  30  September  30,
                             2000        1999    2000         1999       2000
                               (Unaudited)         (Unaudited)       (Unaudited)
<S>                       <C>        <C>       <C>        <C>       <C>

Operating expenses:
 Management and
  consulting fees         $   10,500 $       - $  106,500 $       - $   401,000
 General and
  administrative expenses    471,959    54,905    514,068    54,918     645,338
  Total operating
    expenses                 482,459    54,905    620,568    54,918   1,046,338
Operating loss              (482,459)  (54,905)  (620,568)  (54,918) (1,046,338)
Other expenses (income):
 Interest expense              1,570         -     15,188         -      19,589
 Interest (income)            (1,165)        -    (13,545)        -     (17,208)
  Total other expenses
   (income)                      405         -      1,643         -       2,381
Net loss                  $ (482,864)$ (54,905)$ (622,211)$ (54,918)$(1,048,719)
Basic and diluted
 weighted average
 shares outstanding       15,500,000 8,333,333 15,500,000 8,333,333
Basic and diluted
 loss per common share    $    (0.03)$       - $    (0.04)$       -
</TABLE>












                 See accompanying notes to financial statements


                                        2
<PAGE>


                            NewCom INTERNATIONAL INC.
                             (A blank-check company)
                            Statements of Cash Flows
<TABLE>
<CAPTION>


                                             For the             September 12,
                                        Nine Months Ended        1996 through
                                          September 30,          September 30,
                                         2000         1999           2000
<S>                                   <C>          <C>          <C>

CASH FLOWS FROM OPERATING
ACTIVITIES:
  Net loss                            $ (622,211)  $  (54,918)  $ (1,048,719)
Adjustment to reconcile net
  loss to net cash used
  in operating activities:
  Value of stock options
   granted below fair value                     -           -        233,000
  Write-off of acquisition costs          461,000           -        461,000
  Changes in operating
   assets and liabilities:
   Prepaid expenses                     (121,900)           -       (149,400)
   Other receivables                           -            -              -
   Accounts payable and
    accrued expenses                       6,616            -        103,381
Net cash used in operating
  activities                            (276,495)     (54,918)      (400,738)

CASH FLOWS FROM INVESTING
ACTIVITIES:
  Increase in notes receivable            (4,621)    (950,000)      (476,621)
  Payments on notes receivable           260,557            -        260,557
  Fees paid on fibre-optic cable
   network investment                          -            -       (461,000)
  Redemption (Purchase) of
   certificate of deposit                465,000            -              -
Net cash provided (used)
 in investing activities                 720,936     (950,000)      (677,064)
CASH FLOWS FROM FINANCING
ACTIVITIES:
  Initial capitalization                       -            -         51,000
  Issuance of common stock                     -      950,000        950,000
  Proceeds (payments) of
   note payable                         (465,000)           -              -
  Advances from related party              4,709       62,449         77,658
Net cash provided by
 financing activities                   (460,291)   1,012,449      1,078,658

  Net increase (decrease)in cash         (15,850)       7,531            856
Cash, beginning of period                 16,706            -              -
Cash, end of period                   $      856   $    7,531   $        856

Cash paid during the period for:
  Interest                              $   13,799 $        -  $ 16,046
</TABLE>



                 See accompanying notes to financial statements.


                                        3
<PAGE>
                            NewCom INTERNATIONAL INC.
                             (A blank-check company)

                          Notes to Financial Statements

Note 1. Description of Business and Summary of Significant Accounting Policies

Description of Business

NewCom International Inc. (the "Company") was incorporated in Nevada in
September 1996 under the name of AgriNet, Inc. In October 1996, NewCom amended
its Articles of Incorporation to change its name to NewCom International Inc.
Since its incorporation, NewCom has not conducted any significant operations.

NewCom's activities to date have focused primarily on incorporation activities
and the identification of potential operating opportunities or acquisitions
targets. Since NewCom has not yet commenced any principal operations and has not
yet earned significant revenues, NewCom is considered to be a blank-check
company.

Management 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 and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.

Acquisition Costs

NewCom accounts for costs incurred for its acquisitions as a portion of the
purchase price with the costs being allocated to the fair value of the net
assets acquired. During 1999, NewCom incurred $461,000 for costs incurred in
connection with a proposed acquisition of certain assets consisting of a
fibre-optic cable network in China (Note 2). During the quarter ended September
30, 2000, the acquisition failed to be completed, and NewCom charged operations
for these costs.

Unaudited Interim Financial Statements

The interim financial data as of September 30, 2000, and for the three months
and nine months ended September 30, 2000 and 1999, is unaudited; however, in the
opinion of management, the interim data includes all adjustments, consisting
only of normal recurring adjustments, necessary to present fairly and Company's
financial position as of September 30, 2000, and the results of its operations
and cash flows for the three months and nine months ended September 30, 2000 and
1999.

Going Concern and Management's Plans

NewCom has not commenced significant operations, and has limited liquid
resources. Such matters raise substantial doubt about NewCom's ability to
continue as a going concern. Management's plans with respect to these conditions
are to continue collecting on its notes receivable, searching for additional
sources of capital and new operating opportunities. In the interim, NewCom will
continue operating with minimal overhead, and key administrative and management
functions which will be provided by consultants. Accordingly, the accompanying
financial statements have been presented under the assumption NewCom will
continue as a going concern, and accordingly, no adjustments have been made to
accompanying financial statements as a result of this uncertainty.




                                        4
<PAGE>
                            NewCom INTERNATIONAL INC.
                             (A blank-check company)

                    Notes to Financial Statements(Continued)

Note 2.  Notes Receivable

On September 1, 1999, NewCom entered into an agreement with an unaffiliated
company, NuOasis International, Inc. ("NUOI"), which is a wholly-owned
subsidiary of NuOasis Resorts, Inc. ("NuOasis") to acquire an 8%, note
receivable of an unrelated party with a face value of $500,000, originally due
March 1, 1999 for $472,000 cash. The note was secured by 500,000 shares of
common stock of Oasis Resorts International, Inc. The issuer of the note
subsequently filed for bankruptcy. NewCom entered into an agreement with
NewBridge Capital, Inc. ("NewBridge") dated November 1, 1999 wherein NewCom
exchanged the note for $470,000 in receivables due from nine (9) unrelated
corporations and individuals. Additionally, NewBridge and NewCom agreed to cross
guarantees whereby NewBridge has agreed to guarantee that NewCom will collect a
minimum of $472,000 on the substituted receivables or from liquidation of the
collateral. During the quarter ended June 30, 2000, the Company collected
$260,557 of the original $472,000 balance. The Company accrued interest of
$4,621 and the balance due at September 30, 2000 was $216,065.

Note 3.  Commitments

Effective October 1, 1999, NewCom entered into an Advisory and Management
Agreement (the "Agreement") with NuVen Advisors Limited Partnership ("NuVen" or
the "Advisor"). In April 2000, the Agreement, and the amount due was assigned to
NewBridge Capital, Inc. ("NewBridge") by NuVen. Pursuant to the terms of this
agreement, NewCom is required to pay $3,500 per month, plus expenses, in
exchange for Advisor's assistance in the formulation of possible acquisition
strategies, and the management of financial and general and administrative
matters. In addition, NewCom is required to pay a fee equal to 10% of the asset
value or investment made in NewCom resulting from Advisor's efforts, and a
transaction fee (as defined) equal to 5% of the proceeds received by NewCom in
connection with a sale of its assets. In addition, NewCom granted a fully vested
option to NuVen to purchase 500,000 shares of NewCom's common stock at $0.50 per
share. In addition, NewCom granted a fully vested option to NuVen to purchase
500,000 shares of NewCom's common stock at $0.50 per share. Using the
Black-Scholes model to value these options, using a volatility of 50%, an
expected term of 5 years and a risk-free interest rate of 6.0%, NewCom valued
these options at $233,000. Since these options are fully vested, such value was
charged to operations for the year ended December 31, 1999. The Agreement has an
initial term of five years, but shall be automatically extended on an annual
basis, unless terminated by either party. No amounts were due to NewBridge at
September 30, 2000 (see below).

In May 2000, the Company paid NewBridge $258,000, of which $75,000 was for
services rendered in preparation and filing of its Form 10-SB with the
Securities and Exchange Commission, among other services, and amounts due from
NuVen and Newbridge totaling $63,100 for advisory fees and out of pocket
expenses. Of such amount paid to Newbridge, $119,900 was accounted for as a
prepaid expense at September 30, 2000 to be used for future fees and expenses.

On December 28, 1999, NewCom entered into a note agreement with a bank totaling
$465,000, interest at 5.87% per annum, due July 1, 2000, as amended. The note
was satisfied in full in June 2000 by a restricted certificate of deposit.




                                        5
<PAGE>

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

Results of Operations

Three Months Ended September 30, 2000 Compared to Three Months Ended September
30, 1999

There were no operating revenues recorded during the three months ended
September 30, 2000 or 1999.

The Registrant's general and administrative expenses were $484,028 for the three
months ended September 30, 2000, as compared to $54,905 for the same period last
year. The change is primarily attributable consulting and legal fees in
connection with the preparation of its Form 10-SB with the Securities and
Exchange Commission and the charging to expense the acquisition fee.

Nine Months Ended September 30, 2000 Compared to Nine Months Ended September 30,
1999

The Registrant had no revenues for the nine months ended September 30, 2000 or
1999.

The Registrant's total general and administrative expenses were $635,756 for the
nine months ended September 30, 2000, as compared to $54,918 for the same period
last year. The change is primarily attributable consulting and legal fees in
connection with the preparation and filing of its Form 10-SB with the Securities
and Exchange Commission and the charging to expense the acquisition fee.

Liquidity and Capital Resources

The Registrant has incurred net losses and negative cash flows from operating
activities. The Registrant had minimal cash and cash equivalents at September
30, 2000 and had negative working capital of $30,785 as of September 30, 2000.
The limited working capital is a direct result of the Registrant incurring
expenses for professional, consulting and advisory services and other overhead
during the periods. As of the date of this Report, the Registrant has no
material commitments for capital expenditures and no commitments for additional
equity or debt financing.

During the quarter ended June 30, 2000, $260,557 of cash was received on notes
receivable. Additionally, during the quarter the Company paid NewBridge
$258,000, of which $75,000 was for services rendered in preparation and filing
of its Form 10-SB with the Securities and Exchange Commission, among other
services, and amounts due from NuVen and Newbridge totaling $63,100 for advisory
fees and out of pocket expenses. Of such amount paid to Newbridge, $119,900 was
accounted for as a prepaid expense at September 30, 2000 to be used for future
fees and expenses.

Going Concern

As a result of the Registrant having no revenue producing activities, the
Registrant has limited cash and cash equivalents remaining as of September 30,
2000, to finance future operations. Such conditions raise substantial doubt
about the Registrant's ability to continue as a going concern. The Registrant
will continue collecting on its notes receivable, searching for additional
sources of capital and new operating opportunities. In the interim, the
Registrant will continue operating with minimal overhead, and key administrative
and management functions which will be provided by consultants.




                                        6
<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 - None

                  (b)      Form 8-K - None


                                        7
<PAGE>

                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, this
report has been signed by the following persons on behalf of the Company


                                   NewCom International Inc.


Date:    March 28, 2001            by: /s/ David Lo
                                           David Lo
                                           President and Director












                                        8