UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Form 10-QSB

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

                    For the Quarter ended September 30, 2000

                           Commission File No. 0-30646

                            CIRO INTERNATIONAL, INC.

                         A Nevada Corporation 13-3963499
             (State of incorporation) (Employer Identification no.)

                           445 Fifth Avenue, Ste. 11A
                               New York, New York
                                      10016

                    Issuer's telephone number: (212) 481-1322

     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

     The  number  of  shares  outstanding  of the  Issuer*s  common  stock as of
September 30, 2000 was 7,160,000


<PAGE>

                     CIRO INTERNATIONAL, INC. AND SUBSIDIARY
                               FORM 10-QSB - INDEX
<TABLE>
<CAPTION>
                                                                                                        Page
Part No.    Item No.   Description                                                                      No.
<S>         <C>        <C>                                                                              <C>

I  FINANCIAL INFORMATION:

   1. Financial Statements

      Consolidated Balance Sheets at September 30, 2000 (Unaudited) and December
      31, 1999                                                                                           2

      Consolidated Statements of Operations for the Quarters and Nine Months
      Ended September 30, 2000 and 1999 (Unaudited)                                                      3

      Consolidated Statements of Cash Flows for the Nine Months Ended September
      30, 2000 and September 30, 1999 (Unaudited)                                                        4

      Notes to Consolidated Financial Statements (Unaudited)                                             5

   2. Management's Discussion and Analysis of Financial Condition and Results of
      Operations                                                                                         7


II OTHER INFORMATION:

   6. Exhibits and Reports on Form 8-K                                                                   8

      SIGNATURES                                                                                         9
</TABLE>

<PAGE>

                     CIRO INTERNATIONAL, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS

                                   - ASSETS -


                                                   September 30,  December 31,
                                                       2000           1999
                                                    ---------      ---------
                                                     (Unaudited)
CURRENT ASSETS:
       Cash                                         $     812      $     930
       Interest receivable                                700            700
       Accounts receivable                               --             --
                                                    ---------      ---------
TOTAL CURRENT ASSETS                                    1,512          1,630
                                                    ---------      ---------

OTHER ASSETS:
       Loans receivable - shareholders                 57,977         57,977
       Loans receivable - other                         5,000          5,000
                                                    ---------      ---------
                                                       62,977         62,977
                                                    ---------      ---------

TOTAL ASSETS                                        $  64,489      $  64,607
                                                    =========      =========

                    - LIABILITIES AND SHAREHOLDERS' EQUITY -

CURRENT LIABILITIES:
       Accounts payable                             $    --        $    --
       Accrued expenses                                16,600           --
                                                    ---------      ---------

TOTAL CURRENT LIABILITIES                              16,600           --
                                                    ---------      ---------

COMMITMENTS AND CONTINGENCIES

SHAREHOLDER'S EQUITY
       Common stock - $.001 par value, 50,000,000
          shares authorized, 7,160,000 shares
          issued and outstanding                        7,160          7,160
       Additional paid-in capital                     900,289        900,289
       Accumulated deficit                           (859,560)      (842,842)
                                                    ---------      ---------

                                                       47,889         64,607
                                                    ---------      ---------

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY          $  64,489      $  64,607
                                                    =========      =========


The accompanying notes are an integral part of these consolidated financial
statements.


<PAGE>


                     CIRO INTERNATIONAL, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF OPERATIONS

<TABLE>
<CAPTION>

                                                                            For the Quarter Ended           For Nine Months Ended
                                                                                September 30,                   September 30,
                                                                           ------------------------        ------------------------
                                                                              2000           1999            2000            1999
                                                                           --------        --------        --------        --------
                                                                                 (Unaudited)                     (Unaudited)
<S>                                                                        <C>             <C>             <C>             <C>
REVENUES:
       Royalty income                                                      $    360        $   --          $  5,482        $ 50,849
                                                                           --------        --------        --------        --------

TOTAL REVENUES                                                                  360            --             5,482          50,849

OPERATING COSTS:
       Selling, general and administrative expenses                           2,564           7,061          30,213          68,349
                                                                           --------        --------        --------        --------

(LOSS) FROM OPERATIONS                                                       (2,204)         (7,061)        (24,731)        (17,500)
                                                                           --------        --------        --------        --------

OTHER INCOME (EXPENSE):
       Bad debt recovery                                                       --              --             8,313            --
       Interest income                                                         --               100            --               300
                                                                           --------        --------        --------        --------
                                                                               --               100           8,313             300
                                                                           --------        --------        --------        --------

(LOSS) BEFORE PROVISION FOR INCOME
       TAXES                                                                 (2,204)         (6,691)        (16,418)        (17,200)

       Provision for taxes                                                      300            --               300             680
                                                                           --------        --------        --------        --------

NET (LOSS)                                                                 $ (2,504)       $ (6,691)       $(16,718)       $(17,880)
                                                                           ========        ========        ========        ========

EARNINGS (LOSS) PER SHARE

       Basic                                                               $   --          $   --          $   --          $   --
                                                                           ========        ========        ========        ========

       Diluted                                                             $   --          $   --          $   --          $   --
                                                                           ========        ========        ========        ========
</TABLE>


The accompanying notes are an integral part of these consolidated financial
statements.


<PAGE>

                     CIRO INTERNATIONAL, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS


                                                       For the Nine Months Ended
                                                            September 30,
                                                       -------------------------
                                                           2000        1999
                                                         --------    --------
                                                              (Unaudited)
INCREASE (DECREASE) IN CASH:

CASH FLOWS FROM OPERATING
ACTIVITIES:
       Net (loss)                                        $(16,718)   $(17,880)
       Adjustments to reconcile net (loss) to net cash
           (used) provided by operating activities:
                Depreciation and amortization                --        18,629
                Bad debt provision                           --        33,490
       Changes in assets and liabilities:
           (Increase) in accounts receivable                 --       (33,490)
           (Increase) in interest receivable                 --          (300)
           Increase in accrued expenses                    16,600        --
                                                         --------    --------
                Net cash (used in)  provided by
                 operating activities                        (118)        449
                                                         --------    --------

NET (DECREASE) INCREASE IN CASH                              (118)        449

       Cash, at beginning of year                             930          96
                                                         --------    --------

CASH, AT END OF PERIOD                                   $    812    $    545
                                                         ========    ========

SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:
       Cash paid during the year for:
           Income taxes                                  $    300    $    680


The accompanying notes are an integral part of these consolidated financial
statements.


<PAGE>

                     CIRO INTERNATIONAL, INC. AND SUBSIDIARY
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 1 - NATURE OF BUSINESS:

         On November 12,  1997,  Mid-Way  Medical and  Diagnostic  Center,  Inc.
         ("Mid-Way Medical") a Florida  corporation,  changed its domicile state
         to  Nevada  and  changed  is  name to Ciro  International,  Inc.  ("the
         Company").  On December 2, 1997, Mid-Way Acquisition Corp. ("Mid-Way"),
         a wholly-owned subsidiary of Mid-Way Medical, merged with Ciro Jewelry,
         Inc.

         At the closing,  Jewelry's sole shareholder was issued 2,500,000 shares
         of the Company's  stock in exchange for all the  outstanding  shares of
         the subsidiary.  As a result of the merger all the assets,  liabilities
         and the business of the subsidiary  became the assets,  liabilities and
         business of Mid-Way. At the same time, the former majority  shareholder
         of Mid-Way  Medical  canceled and/or sold a vast majority of his shares
         in the  Company.  After the merger  Mid-Way  changed  it's name to Ciro
         Jewelry,  Inc. This transaction is considered to be a  recapitalization
         with Ciro Jewelry as the  accounting  acquirer  and has been  reflected
         using reverse acquisition accounting.

         Ciro Jewelry Inc.  (subsidiary) owns a trademark for the "Ciro" jewelry
         name in the  following  countries:  Bolivia,  Chile,  Hungary,  Israel,
         Japan, Macao, Mexico,  Monaco,  Panama,  Philippines,  Portugal,  South
         Korea, Russia and the United States. The Company licenses its trademark
         and receives royalties from the licensees.

NOTE 2 - GOING CONCERN UNCERTAINTY:

         The accompanying  consolidated  financial statements have been prepared
         on a going concern basis which  contemplates  the realization of assets
         and liquidation of liabilities in the ordinary course of business.  For
         the year  ended  December  31,  1999,  the  Company  incurred a loss of
         $265,732, which increased the accumulated deficit to $842,842. The loss
         for the nine months ended  September 30, 2000 increased this deficit to
         $859,560.  In  addition  the  Company  has  lost  its  main  source  of
         royalties. It is the Company's intention to seek a replacement licensee
         for its main source of royalty  income,  however to date, a replacement
         has not been found.

         The current operating expenses of the Company are minimal. The majority
         of the 1999 loss was a result of amortization  and the subsequent write
         off  of a  trademark  as  well  as  bad  debt  expenses.  The  majority
         shareholder  has indicated his willingness to provide the funds for all
         operating expenses at least through September 30, 2001, which primarily
         consist of  professional  fees  associated  with SEC  filings and other
         nominal  costs.  The  shareholder  has indicated  this  willingness  to
         provide the necessary  working capital until sufficient  royalty income
         is generated from its trademark or other  financing is obtained to make
         the Company self sufficient.

         In view of these  matters,  realization of the assets of the Company is
         dependent  upon the Company's  ability to generate  royalty income from
         its trademark, and the success of its future operations.  The financial
         statements do not include  adjustments  relating to the  recoverability
         and  classification  of recorded  asset amounts and  classification  of
         liabilities  that might be  necessary  should the  Company be unable to
         continue in existence. The Company will attempt to market the trademark
         to other sources,  although  management  cannot provide  assurance that
         they will be successful in doing so.


<PAGE>


                     CIRO INTERNATIONAL, INC. AND SUBSIDIARY
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

         Principles of Consolidation:

         The accompanying consolidated financial statements include the accounts
         of "Ciro  International,  Inc." and its wholly owned  subsidiary  "Ciro
         Jewelry, Inc". All material intercompany balances and transactions have
         been  eliminated  in  consolidation.  For  purposes of these  financial
         statements Ciro Jewelry is considered the accounting acquirer.

         Basis of Presentation:

         In the opinion of management,  the accompanying  unaudited consolidated
         financial  statements  include  all  adjustments  necessary  to present
         fairly the financial  position at September 30, 2000 and the results of
         operations  and cash flows for all  periods  presented.  The results of
         operations for the interim  periods are not  necessarily  indicative of
         the results to be obtained for the entire year

         For a  summary  of  significant  accounting  policies  (which  have not
         changed from December 31, 1999) and  additional  financial  information
         see the  Company's  Form  10-SB  which was filed on March 29,  2000 and
         became effective May 29, 2000.

         Earnings (Loss) Per Share:

         The following  weighted average shares were used for the computation of
         basic and diluted earnings per share:

                                      Quarters                Nine Months
                                      --------                -----------
     Periods ended September 30     2000        1999        2000        1999
                                    ----        ----        ----        ----
         Basic                    7,160,000   7,160,000   7,160,000   7,160,000
         Diluted                  7,160,000   7,160,000   7,160,000   7,160,000

<PAGE>

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

Overview

Ciro International,  Inc. ("Company") exists primarily as a holding company. The
Company's wholly owned subsidiary, Ciro Jewelry, Inc. ("Ciro Jewelry") generates
income as a result of the licensing of the CIRO name in connection with the sale
of fashion  (costume)  Jewelry.  Ciro Jewelry  currently  has 3 licensees in the
United States,  Korea,  Mexico,  and Russia who operate  approximately 5 fashion
jewelry stores using the CIRO name. The Company is seeking additional licensees.
The Company does not  manufacture or distribute the products sold under the CIRO
name,  nor does it  secure  the  source of  availability  of  materials  used to
manufacture Ciro products.  These responsibilities are left up to the individual
licensees.

Results of Operations

The Company had royalty revenues for the quarter and nine months ended September
30, 2000 of $360 and $5,482,  representing  a 100%  increase  and a 89% decrease
from  royalty  revenues  of $0 and  $50,849  for the same  periods of 1999.  The
decrease  in royalty  income was  caused by the fact that the  Company  lost its
primary licensee. The Company is currently attempting to market its trademark to
other sources,  although  management  cannot provide assurance that they will be
successful in doing this.

Selling,  general and administrative expenses ("SG&A") were $2,564 for the third
quarter of 2000 compared to $7,061 for the third  quarter of 1999.  SG&A for the
first nine  months of 2000 was  $30,213  compared  to $68,349 for the first nine
months of 1999. The differences are caused by bad debt expense and  amortization
expenses for trademarks which were written off at December 31, 1999. The Company
had no amortization  expense for the quarter and nine months ended September 30,
2000 and  amortization  expense of $6,210 and  $18,629  for the same  periods of
1999.  The Company had no bad debt expense for the quarter and nine months ended
September  30, 2000 and bad debt  expense of $0 and $33,490 for the same periods
of 1999.

The Company had net losses of $2,504 and $16,718 for the third quarter and first
nine  months of 2000 down 63% and 7% from  losses of $6,691 and  $17,880 for the
same periods of 1999. The ongoing  losses are caused  primarily by the fact that
the Company lost its primary licensee.

Liquidity and Capital Resources

The Company had a working  capital  deficiency  at September 30, 2000 of $15,088
compared to working  capital of $1,630 as of December 31, 1999.  The  difference
was caused by accrued expenses  incurred as of September 30, 2000 for accounting
and printing fees.  The majority  shareholder  has indicated his  willingness to
provide the funds for all  expenses  not  covered by cash flow at least  through
September  30,  2001.  The  Company is  actively  attempting  to add  additional
licensees in an attempt to generate  sufficient cash flow as to not have to rely
on working capital loans from the majority shareholder.

<PAGE>


Part II-Other Information

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

   (a) Exhibits:

      11.1 Computation of Per Share Earnings




<PAGE>



                                   SIGNATURES

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


Date: November 13, 2000

                                         CIRO INTERNATIONAL, INC.



                                         By:  /s/ Murray A. Wilson
                                              --------------------
                                              Murray A. Wilson
                                              President, Chief Executive Officer