U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

(Mark One)

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

            For the quarterly period ended:  June 30, 2000

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

         For the transition period from ______________ to _____________

                         Commission file number 0-23871

                           BCS INVESTMENT CORPORATION
        (Exact name of small business issuer as specified in its charter)


         COLORADO                                               84-1434323
(State or other jurisdiction of                                (IRS Employer
incorporation or organization)                               Identification No.)

    1708 DOLPHIN AVENUE, SUITE 400, KELOWNA, BRITISH COLUMBIA, V1Y 9S4 CANADA
                    (Address of principal executive offices)

                                 (250) 717-8966
                           (Issuer's telephone number)

                                 NOT APPLICABLE
      (Former name, former address and former fiscal year, if changed since
                                  last report)

         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 last practicable date:

     14,046,080 SHARES OF COMMON STOCK, NO PAR VALUE, AS OF AUGUST 17, 2000

Transitional Small Business Disclosure Format (check one); Yes___ No   X


Exhibit index on page 14                                      Page 1 of 16 pages



<PAGE>




                        Financial Statements of

                        BCS INVESTMENT CORPORATION

                        (Formerly Workfire.com, Inc.)

                        (A Development Stage Enterprise)

                        June 30, 2000





                                       1
<PAGE>



BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Balance Sheets
$ United States

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                                                          June 30,                 December 31,
                                                                              2000                         1999
                                                                       (Unaudited)
-----------------------------------------------------------------------------------------------------------------
<S>                                                                    <C>                         <C>

ASSETS

Current assets
     Prepaid expenses                                                  $        -                  $     25,206
-----------------------------------------------------------------------------------------------------------------
                                                                       $        -                  $     25,206
=================================================================================================================

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current liabilities
     Accounts payable and accrued liabilities                          $    9,891                  $     13,893
     Due to related party (note 2)                                         11,359                        22,035
-----------------------------------------------------------------------------------------------------------------
                                                                       $   21,250                  $     35,928
Stockholders' deficiency
     Capital stock (note 4)                                                58,133                        58,133
     Additional paid in capital                                           837,370                       837,370
     Deficit accumulated during the development stage                    (915,930)                     (905,402)
     Accumulated comprehensive income                                        (823)                         (823)
-----------------------------------------------------------------------------------------------------------------
                                                                          (21,250)                      (10,722)
-----------------------------------------------------------------------------------------------------------------
                                                                      $         -                  $     25,206
=================================================================================================================
</TABLE>

See accompanying notes to financial statements.


                                       2
<PAGE>



BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Statements of Loss
$ United States

(Unaudited)
<TABLE>
<CAPTION>
===================================================================================================================
                                                       From inception                       Six month period
                                                    (July 7, 1998) to                       ended June 30,
                                                        June 30, 2000                  2000                 1999
-------------------------------------------------------------------------------------------------------------------
<S>                                                 <C>                         <C>                 <C>

Revenue
Interest                                            $          10,422           $         -         $      6,390

Expenses
     Research and development
         Consultants                                           42,049                     -               14,483
         Internet access charges                                8,454                     -                2,266
         Purchased research and development                   100,000                     -                    -
         Salaries and benefits                                396,143                     -              158,633
         ----------------------------------------------------------------------------------------------------------
                                                              546,646                     -              175,382

     General and administrative
         Amortization                                          26,820                     -                6,533
         Consulting                                            16,838                     -                    -
         Foreign exchange                                      10,424                     -                    -
         Interest on long term debt                             5,050                     -                    -
         Marketing and promotion                              107,039                   525                  263
         Office and administration                             53,347                   199               35,540
         Professional fees                                     83,660                 9,804               30,551
         Rent and utilities                                    49,849                     -               26,260
         Salaries and benefits                                171,321                     -               75,146
         Travel                                                52,860                     -                7,889
         Write off of loan receivable                          10,707                     -                    -
         Write off of goodwill from purchase of
           shares held by minority stockholders                65,420                     -                    -
         ----------------------------------------------------------------------------------------------------------
                                                              653,335                10,528              182,182
-------------------------------------------------------------------------------------------------------------------
Loss before income taxes and minority interest             (1,189,559)              (10,528)            (351,174)

Income taxes                                                    2,234                     -                    -
-------------------------------------------------------------------------------------------------------------------
Loss before minority interest                              (1,191,793)              (10,528)            (351,174)

Minority interest in loss of former subsidiary                 59,989                     -               38,629
-------------------------------------------------------------------------------------------------------------------
Net loss                                            $      (1,131,804)          $   (10,528)        $   (312,545)
===================================================================================================================

Weighted average number of shares outstanding              12,955,780            14,046,080            12,671,729

Loss per share                                      $           (0.09)          $         -         $       (0.02)
===================================================================================================================
</TABLE>


See accompanying notes to financial statements.

                                       3
<PAGE>



BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Statements of Loss
$ United States

(Unaudited)
<TABLE>
<CAPTION>
===============================================================================================================
                                                                                   Three month period
                                                                                      Ended June 30,
                                                                               2000                    1999
---------------------------------------------------------------------------------------------------------------
<S>                                                                     <C>                    <C>

Revenue
Interest                                                                $         -            $      1,958

Expenses
     Research and development
         Consultants                                                              -                  12,286
         Internet access charges                                                  -                     815
         Salaries and benefits                                                    -                  84,844
         ------------------------------------------------------------------------------------------------------
                                                                                  -                  97,945

     General and administrative
         Amortization                                                             -                   3,200
         Marketing and promotion                                                  -                     226
         Office and administration                                               82                  17,782
         Professional fees                                                    4,458                  18,542
         Rent and utilities                                                       -                   8,696
         Salaries and benefits                                                    -                  40,949
         Travel                                                                   -                   4,690
         Write off of loan receivable                                             -                       -
         Write off of goodwill from purchase of
           shares held by minority stockholders                                   -                       -
         ------------------------------------------------------------------------------------------------------
                                                                              4,540                  94,085
---------------------------------------------------------------------------------------------------------------
Loss before income taxes and minority interest                               (4,540)               (190,072)

Income taxes                                                                      -                       -
---------------------------------------------------------------------------------------------------------------
Loss before minority interest                                                (4,540)               (190,072)

Minority interest in loss of former subsidiary                                    -                  20,908
---------------------------------------------------------------------------------------------------------------
Net loss                                                                $    (4,540)           $   (169,164)
===============================================================================================================

Weighted average number of shares outstanding                            14,046,080              12,890,666

Loss per share                                                          $         -            $      (0.01)
===============================================================================================================
</TABLE>


See accompanying notes to financial statements.

                                        4
<PAGE>



BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Statements of Stockholders' Deficiency and Comprehensive Income
$ United States

Six month period ended June 30, 2000
(Unaudited)

<TABLE>
<CAPTION>
====================================================================================================================================
                                                                          Deficit
                                                                      Accumulated
                                         Number                        Additional      During the        Accumulated
                                           of           Capital           Paid in     Development      Comprehensive
                                         Shares           Stock           Capital           Stage             Income           Total
------------------------------------------------------------------------------------------------------------------------------------
<S>                                    <C>           <C>            <C>              <C>               <C>              <C>
------------------------------------------------------------------------------------------------------------------------------------
BC7
====================================================================================================================================
BC7 balance, December 31, 1998           4,620,000   $   32,900     $         750    $    (31,796)     $          -     $     1,854
Expenses paid by stockholder
  on behalf of the Company                       -            -             2,790               -                 -           2,790
Issued June 14, 1999 upon
  5.804688 to 1 stock split             22,197,658            -                 -               -                 -               -
Voluntary cancellation of shares by
  stockholders, June 18, 1999          (23,253,303)     (28,527)           28,527               -                 -               -
Increase in the book value of BC7's
  stockholders' equity to 89% of WTI             -       (2,580)          805,303        (260,201)              703         543,225
------------------------------------------------------------------------------------------------------------------------------------
BC7 balance, June 18, 1999 prior to
  reorganization and purchase of WTI
  stock                                  3,564,355        1,793           837,370        (291,997)              703         547,869

Issued upon reorganization and
  purchase of 89% WTI stock, recorded
  at the book value of BC7's tangible
  net assets                            10,431,725           90                 -               -                 -              90
Issued October 6, 1999 for
  services at $1.125 per share              45,000       50,625                 -               -                 -          50,625
Issued November 9, 1999
  for services at $1.125 per share           5,000        5,625                 -               -                 -           5,625
Adjustment to record distribution of
  WFI's shares of WTI to stockholders,
  November 12, 1999                              -            -                 -          179,785                -         179,785
Comprehensive income:
  Loss                                           -            -                 -         (793,190)               -        (793,190)
  Foreign currency translation
    adjustment                                   -            -                 -                -           (1,526)         (1,526)
------------------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                               -            -                 -         (793,190)          (1,526)       (794,716)
------------------------------------------------------------------------------------------------------------------------------------
WFI balance, December 31, 1999          14,046,080       58,133           837,370         (905,402)            (823)        (10,722)
Comprehensive income:
  Loss                                           -            -                 -          (10,528)               -         (10,528)
------------------------------------------------------------------------------------------------------------------------------------
BCS balance, June 30, 2000              14,046,080   $   58,133     $     837,370    $    (915,930)    $       (823)    $   (21,250)
====================================================================================================================================
</TABLE>

Refer to note 1 b) for basis of reporting



See accompanying notes to financial statements.

                                       5
<PAGE>



BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Statements of Cash Flows
$ United States

(Unaudited)
<TABLE>
<CAPTION>
==============================================================================================================================
                                                          From inception                             Six month period
                                                       (July 7, 1998) to                              ended June 30,
                                                        June 30, 2000                            2000                     1999
------------------------------------------------------------------------------------------------------------------------------
<S>                                                    <C>                                <C>                      <C>

Cash provided by (used in):

Operations
     Net loss                                          $     (1,131,804)                  $    (10,528)            $ (312,545)
     Items not involving cash:
         Amortization                                            26,820                              -                  6,533
         Rent                                                         -                              -                      -
         Services paid with share consideration                  31,044                         25,206                      -
         Minority interest                                      (59,989)                             -                (38,629)
         Write off of goodwill on purchase of
           shares held by minority stockholders                  65,420                              -                      -
     Changes in non-cash working capital:
         Accounts receivable                                     (2,701)                             -                    373
         Prepaid expenses                                        (8,994)                             -                (28,007)
         Accounts payable and accrued liabilities                59,634                         (4,002)                23,673
     -------------------------------------------------------------------------------------------------------------------------
                                                             (1,020,570)                        10,676               (348,602)

Financing
     Advances to related parties                                 56,233                        (10,676)               (26,918)
     Repayments of advances from related parties                                                                       (9,943)
     Advances from shareholder                                  224,990                              -                      -
     Issue of common shares for cash                            942,880                              -                262,667
     Issue of common shares upon reorganization
       and stock purchase                                            90                              -                     90
     Adjustment to record distribution of WTI shares
       to shareholders net of non-cash items                    (50,126)                             -                      -
     Proceeds from long term debt net of
       repayments                                                75,766                              -                      -
     Purchase of shares held by minority
       shareholders                                             (73,146)                             -                      -
     -------------------------------------------------------------------------------------------------------------------------
                                                              1,176,687                        (10,676)               225,896

Investments
     Expenditures on capital assets                            (155,381)                             -                (18,622)

Foreign currency translation adjustment                            (736)                             -                 (6,006)
------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash                                           -                              -               (147,334)

Cash, beginning of period                                             -                              -                315,658
------------------------------------------------------------------------------------------------------------------------------
Cash, end of period                                    $              -                   $          -             $  168,324
==============================================================================================================================



See accompanying notes to financial statements.
Supplementary information:
   Interest Paid                                                      -                              -                      -
   Income Taxes Paid                                                  -                              -                      -
</TABLE>

                                        6
<PAGE>

BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Notes to Financial Statements
$ United States

Six month period ended June 30, 2000
(Unaudited)

================================================================================

     BCS  Investment  Corporation  (formerly  Workfire.com,  Inc.) ("BCS" or the
     "Company") is a development  stage company and was  incorporated  under the
     name of Buffalo  Capital VII, Ltd.  ("BC7") on September 19, 1997 under the
     laws of the state of Colorado. The Company adopted the name,  Workfire.com,
     Inc.  ("WFI")  effective  June 18, 1999 and formally  changed its name from
     Buffalo Capital VII, Ltd. to  Workfire.com,  Inc. on July 12, 1999.  During
     1999, the Company's  principal  business  activity,  carried on through its
     former  subsidiary,  Workfire.com  (formerly  Workfire  Technologies  Inc.)
     ("WTI"),  was the  development  of  software to deliver  extended  internet
     services to internet users.  On November 12, 1999, the Company  distributed
     its shares of Workfire.com on a prorata basis to its stockholders of record
     on that  date and  became a shell  company  with no active  operations.  On
     February  7, 2000 the name of the  Company  was  changed to BCS  Investment
     Corporation ("BCS")

1.   SIGNIFICANT ACCOUNTING POLICIES:

     a)  General

         The  information  included  in the  accompanying  consolidated  interim
         financial  statements  is unaudited  and should be read in  conjunction
         with  the  annual  audited  financial   statements  and  notes  thereto
         contained n the  Company's  Annual Report on Form 10-KSB for the fiscal
         year  ended  December  31,  1999.  In the  opinion of  management,  all
         adjustments,  consisting of normal recurring accruals,  necessary for a
         fair  presentation of the results of operations for the interim periods
         presented have been reflected herein. The results of operations for the
         interim periods presented are not necessarily indicative of the results
         to be expected for the entire fiscal year.

     b)  Basis of reporting

         These financial statements include the accounts of the Company as noted
         below  and  the  results  of  operations  of  its  former  wholly-owned
         subsidiary,   WTI,  and  WTI's  wholly-owned   subsidiaries,   Workfire
         Technologies  International  Inc.  ("WTII")  and  Workfire  Development
         Corporation ("WDC"), to November 12, 1999.

         Effective  June 18, 1999, the Company  acquired 89% of the  outstanding
         common  shares of WTI.  As WTI  stockholders  obtained  control  of the
         Company  through the  exchange of their shares of WTI for shares of the
         Company,  the  acquisition  of WTI  has  been  accounted  for in  these
         financial statements as a reverse  acquisition.  On September 30, 1999,
         pursuant to the General  Corporation  Laws of the State of Nevada,  WTI
         paid  its  dissenting  stockholders  represented  by the  residual  11%
         minority  share  ownership,  what it determined to be the fair value of
         their shares,  and subsequently  cancelled the shares.  On November 12,
         1999,  the  Company  distributed  all of its shares of WTI on a prorata
         basis to it's stockholders of record on that date.

                                        7
<PAGE>



BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Notes to Financial Statements (continued)
$ United States

Six month period ended June 30, 2000
(Unaudited)

================================================================================

1.   SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

     b)  Basis of reporting (continued)

         Consequently,  the  statements of loss and cash flows for the six month
         period  ended  June 30,  1999 and the  statement  of loss for the three
         month period ended June 30, 1999 reflect the results of operations  and
         the cash flows of WTI, and its wholly-owned subsidiaries, WTII and WDC,
         combined with those of the legal parent,  WFI, from acquisition on June
         18, 1999, in accordance with generally accepted  accounting  principles
         for reverse acquisitions.

         In these notes to the financial statements,  the Company,  prior to the
         business  combination  with  WTI,  is  referred  to as BC7,  and  after
         completion of the business  combination and name change, is referred to
         as WFI.

     c)  Translation of financial statements

         The Company's  former  subsidiary,  Workfire  Development  Corporation,
         operates  in  Canada  and its  operations were  conducted  in  Canadian
         currency.

         These statements are presented in United States currency. The method of
         translation applied prior to the Company's distribution of its
         ownership in WTI was as follows:

         i)    Monetary  assets and  liabilities  were translated at the rate of
               exchange in effect at the  distribution  date, being US $1.00 per
               Cdn $1.462.

         ii)   Non-monetary  assets  and  liabilities  were  translated  at  the
               exchange rate in effect at the transaction date.

         iii)  Revenues and expenses  were  translated  at the exchange  rate in
               effect at the transaction date.

         iv)   The net adjustment  arising from  the translation was recorded in
               other  comprehensive   income  as   a   separate   component   of
               stockholders' equity (deficiency).

     d)  Use of 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 disclosures 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.

                                        8
<PAGE>


BCS INVESTMENT CORPORATION
(Formerly Workfire.com, Inc.)
(A Development Stage Enterprise)
Notes to Financial Statements (continued)
$ United States

Six month period ended June 30, 2000
(Unaudited)

--------------------------------------------------------------------------------


2.   DUE TO RELATED PARTY:

     The amount due to related  party is  unsecured,  non-interest  bearing  and
     without stated terms of repayment.


3. CAPITAL STOCK:

   a)    Authorized:
           100,000,000 common voting shares, without par value
            10,000,000 non-voting preferred shares without par value

   b)    Stock Option Plan:

         The  Company  has  reserved  1,375,840  common  shares for  issuance to
         officers and key  employees  pursuant to its Stock  Option  Plan.  This
         amount is to be adjusted annually to be the greater of 9% of the issued
         common shares of the Company  outstanding at the end of the immediately
         preceding  fiscal  year,  or  1,375,840.  Unless the  option  agreement
         executed by an optionee expressly otherwise provides, no portion of the
         options can be  exercised  until at least three  months after the grant
         date (the "vesting date").

         The  following  stock  options  were  outstanding  during the six month
         period ended June 30, 2000:

<TABLE>
<CAPTION>
       Number      Granted     Exercised    Cancelled          Number     Exercise
 outstanding,   during the    during the       during    outstanding,    price per
   January 1,       period        period          the        June 30,        share         Expiry date          Vesting date
         2000                                  period            2000
------------------------------------------------------------------------------------------------------------------------------
<S>             <C>           <C>           <C>         <C>             <C>             <C>                  <C>
       5,999             -             -      5,999               -      $1.1875       September 7, 2004      December 7, 1999
      84,375             -             -     84,375               -        $2.93           June 19, 2009    September 19, 1999
      74,000             -             -     74,000               -        $2.93           June 19, 2009         June 19, 2000
      74,000             -             -     74,000               -        $2.93           June 19, 2009         June 19, 2001
      74,000             -             -     74,000               -        $2.93           June 19, 2009         June 19, 2002
------------------------------------------------------------------------------------------------------------------------------
     312,374             -             -    312,374               -
==============================================================================================================================
</TABLE>

         The Company  applies APB  Opinion  No. 25 in  accounting  for its stock
         options which provides that compensation  expense should be recorded to
         the extent that the market price per share  exceeds the exercise  price
         at the grant date.  As options are granted based on market  prices,  no
         compensation  cost has been  recognized  for its granted stock options.
         These stock  options were issued to officers and key  employees of WTI.
         The  Company  distributed  its  shares  of WTI to its  stockholders  on
         November  12,  1999,   and  became  a  shell  company  with  no  active
         operations.  As a result of the  distribution  of WTI stock on November
         12, 1999, the stock options were terminated effective February 12, 2000
         pursuant  to the terms of the  Company's  stock  option  plan since the
         grantees were no longer employees of the Company or its subsidiary.




                                        9
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following  discussion  should be read in conjunction  with the  consolidated
financial   statements   of  the   Company.   This   report   includes   certain
forward-looking  statements,  which reflect the Company's  plans,  estimates and
beliefs.  The  Company's  actual  results  could  differ  materially  from those
discussed in the forward-looking  statements based upon, among other things, the
Company's  ability  to raise  additional  capital,  its  ability  to  identify a
suitable acquisition target and close such acquisition.  The inability to obtain
additional  financing  when  needed will have a material  adverse  effect on the
Company's operating results.

GENERAL

The  Company  was  incorporated  under  the  laws of the  State of  Colorado  on
September 19, 1997. From its inception to June 18, 1999, the Company operated as
a "shell"  company and its business  plan was to seek out and take  advantage of
business  opportunities  that may  have had the  potential  for  profit,  and to
acquire such businesses, or a controlling interest therein.

On June 18, 1999, a change in control of the Company  occurred,  in  conjunction
with closing under a  Reorganization  and Stock Purchase  Agreement  between the
Company  and  Workfire.com,  a Nevada  corporation  ("Workfire-Nevada").  As the
result of a Reorganization  and Stock Purchase  Agreement,  the Company acquired
89% of the  issued  and  outstanding  shares of  Workfire-Nevada  and the former
shareholders of Workfire-Nevada  obtained control over the Company.  On November
5,  1999,  the board of  directors  of the  Company  approved  a  resolution  to
distribute all of the shares of Workfire-Nevada  owned by the Company,  pro rata
to the Company's shareholders (the "Share Distribution"). The Share Distribution
was made to  shareholders  of record as at the close of business on November 12,
1999. As a result of the Share  Distribution,  the  financial  statements of the
Company prior to the Share  Distribution  are not necessarily  indicative of the
Company's current or future operations.

As of the date of this  report the Company had no source of income and must rely
entirely  upon loans and equity  investments  from  affiliates  to pay operating
expenses.

Accordingly,  the financial statements for the period from inception to June 30,
2000,  included in the Company's June 30, 2000 unaudited  financial  statements,
include the operations and cash flows of Workfire-Nevada, combined with those of
the  parent  (the shell  company)  from the deemed  acquisition  for  accounting
purposes on June 18, 1999 to November 12, 1999. The comparative  figures for the
six  month  period  ended  June 30,  1999 are those of  Workfire-Nevada  and its
subsidiaries.

PLAN OF OPERATION

The Company  currently has no capital to fund  operations or on-going  expenses.
The  Company  must  rely upon  loans  and  investments  from  affiliates  to pay
operating  expenses.  There are no assurances that such affiliates will continue
to advance  funds to the  Company or will  continue  to invest in the  Company's
securities. In the event the Company is unable to obtain additional

                                       10
<PAGE>

financing  it may be unable to  identify  and/or  acquire  a  suitable  business
opportunity.  During  the twelve  months  following  the filing of this  report,
management  intends  to seek to acquire  assets or shares of an entity  actively
engaged in a business  that  generates  revenues,  in exchange for the Company's
securities.  The Company has not identified a particular  acquisition target and
has not entered into any negotiations regarding such an acquisition.  Management
intends to contact investment bankers,  corporate financial analysts,  attorneys
and other investment industry  professionals  through various media. None of the
Company's  officers,  directors,  promoters  or  affiliates  has  engaged in any
preliminary  contact or discussions with any representative of any other company
regarding the  possibility  of an  acquisition or merger between the Company and
such other company as of the date of this report.

Due to the  Company's  intent  to  remain  a shell  company  until a  merger  or
acquisition   candidate  is  identified,   it  is  anticipated   that  its  cash
requirements  will be minimal,  and that all  necessary  capital,  to the extent
required, will be provided by the directors, officers and/or shareholders of the
Company.  The Company does not anticipate  that it will have to raise capital or
acquire any plant or significant  equipment in the next twelve months,  unless a
merger or acquisition target is identified.

LIQUIDITY

The Company's cash flows from operating  activities  during the six months ended
June 30, 2000 and 1999 were $10,676 and $(348,602),  respectively.  The increase
from 1999 to 2000 is primarily  attributed  to a decrease in the  Company's  net
loss  during  2000  (due  to  the  Company's  divestiture  of its  ownership  in
Workfire-Nevada). The Company's cash flows from financing activities during 2000
and 1999 were  $(10,676) and $225,896,  respectively.  During 2000 services were
performed for Workfire-Nevada  which had been prepaid. The Company decreased the
amount of the prepaid  expense and reduced its  liability due to a related party
as the services were  performed.  As of June 30, 2000, the prepaid  expenses had
been eliminated.  During the six month period ended June 30, 1999, the Company's
financing  activities  consisted  primarily of the issuance of common shares for
cash, in the amount of $262,667.

At June 30,  2000 the  Company  had a working  capital  deficiency  of  $21,250,
compared to a working  capital  deficiency of $10,722 at December 31, 1999.  The
decrease  in working  capital is  primarily  the result of a decrease in prepaid
expenses relating to the services provided to  Workfire-Nevada  by third parties
(which  were  prepaid by the  Company)  and a decrease in amounts due to related
party.  Workfire-Nevada was the Company's  operating  subsidiary and the loss of
the operating subsidiary has left the Company with no material assets.

Since the Company has no  significant  source of revenue,  working  capital will
continue to be depleted  by  operating  expenses.  See  "Results of  Operations"
below.  The Company  presently has no external  sources of cash and is dependent
upon its management and shareholders for funding.

                                       11
<PAGE>


ASSETS

At June 30, 2000, the Company had no assets, compared to total assets of $25,206
at  December  31,  1999.  All of the  Company's  assets at  December  31,  1999,
consisted of prepaid expenses relating to professional fees by third parties for
services which were to be performed for Workfire-Nevada.  As of the date of this
report, the Company has no assets.

RESULTS OF OPERATIONS

The Company has no current operations and has not generated any revenue from its
operations  since the Share  Distribution.  The Company must rely  entirely upon
loans from affiliates to pay operating expenses.

During the six month period ended June 30, 2000, the Company incurred a net loss
of $10,528.  Due to the Share  Distribution,  as of the date of this report, the
Company  essentially  has no  operations  and no source of revenue.  The Company
continues to incur professional fees and other expenses. If the Company does not
find a suitable  acquisition target or other source of revenue, the Company will
continue  to incur net losses and may have to cease  operations  entirely.  This
factor,  among  others,  raises  substantial  and  compelling  doubt  about  the
Company's ability to continue as a going concern.

The  Company's  ability to continue  as a going  concern is  dependent  upon its
ability to generate  sufficient  cash flow to meet its  obligations  on a timely
basis,  to identify and close an  acquisition  with a suitable  target  company,
obtain additional financing or refinancing as may be required, and ultimately to
attain  profitability.  There are no assurances that the Company will be able to
identify a suitable acquisition target, close such acquisition,  obtain any such
financing or, if the Company is able to obtain additional  financing,  that such
financing  will be on terms  favorable to the Company.  The  inability to obtain
additional  financing  when  needed will have a material  adverse  effect on the
Company's operating results.





                                       12
<PAGE>




                           PART II - OTHER INFORMATION

ITEM 1.     LEGAL PROCEEDINGS

            Not Applicable.


ITEM 2.     CHANGES IN SECURITIES AND USE OF PROCEEDS

            Not Applicable.


ITEM 3.     DEFAULTS UPON SENIOR SECURITIES

            Not Applicable.


ITEM 4.     SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

            Not Applicable.


ITEM 5.     OTHER INFORMATION

            Not Applicable.




                                       13
<PAGE>




ITEM 6.     EXHIBITS AND REPORTS ON FORM 8-K

            A)   EXHIBITS

REGULATION                                                           CONSECUTIVE
S-B NUMBER                     EXHIBIT                               PAGE NUMBER

  3.1         Articles of Incorporation, as amended(3)                   N/A

  3.2         Bylaws(1)                                                  N/A

  4.1         Warrant Agent Agreement(1)                                 N/A

  4.2         Specimen Class A Warrant Certificate(1)                    N/A

  4.3         Specimen Class B Warrant Certificate(1)                    N/A

  4.4         Stock Option Plan(3)                                       N/A

   11         Statement Re: Computation of Per Share Earnings      See Financial
                                                                     Statements

   27         Financial Data Schedule                                    16

 99.1         Reorganization and Stock Purchase Agreement(2)             N/A

-------------------------
(1)   Incorporated  by reference  from the  Registration Statement on Form 10-SB
      filed with the Securities and Exchange Commission on March 4, 1998.
(2)   Incorporated by reference from the Current Report  on Form 8-K filed  with
      the Securities and Exchange Commission dated June 18, 1999.
(3)   Incorporated by  reference from  the Annual Report on  Form 10-KSB for the
      fiscal year  ended  December  31, 1999,  filed  with  the  Securities  and
      Exchange Commission.


            B)   REPORTS ON FORM 8-K:

                 None.







                                       14
<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.

                                           BCS Investment Corporation


Date: August 21, 2000                      By: /s/ Philip Stern
-------------------------------------------------------------------------------
                                              Philip Stern
                                              Secretary, Treasurer
                                              (Principal Financial and
                                              Accounting Officer)




                                       15
<PAGE>






                                   Exhibit 27
                             Financial Data Schedule