SECURITIES & EXCHANGE COMMISSION
                          Washington, D.C. 20549

                            FORM 1O-QSB

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

     For the quarterly period ended July 31, 1998.
                                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 No.0-23365

                    NEW WORLD PUBLISHING, INC.
 (Exact Name of Small Business Issuer as specified in its charter)

             COLORADO                                  84-1290152

          (State or other               (IRS Employer File Number)
          jurisdiction of
          incorporation)

          1977 S. Vivian Street
          LAKEWOOD, COLORADO                    80228
          (Address of principal executive offices)      (zip code)

                         (303) 763-5630
       (Registrant's telephone number, including area code)

 Securities to be Registered Pursuant to Section 12(b) of the Act:

                               None

 Securities to be Registered Pursuant to Section 12(g) of the Act:

             Common Stock, $0.0001 per share par value

Indicate by check mark whether the Registrant (1) had 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

The number of shares outstanding of Registrant's common stock, par value $
 .0001 per share, as of August 1, 1998 were 10,781,500 common shares.
<PAGE>

                  PART 1 - FINANCIAL INFORMATION

ITEM I.   Financial Statements
          See attached financial statements

ITEM 2.   Managements  Discussion  and  Analysis of Financial Condition and
          Results of Operations

          Results of Operations

          The  Company  has  generated  no substantial  revenues  from  its
operations since inception and has been a  development stage company during
this period. Since the Company has not substantial  generated  revenues and
has  not been in a profitable position, it operates with minimal  overhead.
The Company's  primary  activity  for the foreseeable future will be in the
art publishing and wholesale picture  frame  business. As of the end of the
reporting period, the Company has concluded no  acquisitions and has spoken
with no potential candidates.

          Liquidity and Capital Resources

          As of the end of the reporting period,  the  Company  had minimal
cash  and  cash  equivalents.  There  was  no significant change in working
capital during this fiscal year.

          Management feels that the Company  has inadequate working capital
to pursue any business opportunities other than  seeking  artists  for  its
publishing  business. The Company will have negligible capital requirements
in publishing  art  works, which it intends to fulfill by loans, additional
equity investment, or  joint  ventures.  The Company does not intend to pay
dividends in the foreseeable future.

                    PART II- OTHER INFORMATION

ITEM 1.   Legal Proceedings

     No legal proceedings of a material nature  to  which  the Company is a
party were pending during the reporting period, and the Company knows of no
legal proceedings of a material nature pending or threatened  or  judgments
entered  against any director or officer of the Company in his capacity  as
such.

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.
<PAGE>


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

No exhibits as set forth in Regulation S-K are considered necessary in this
lO-QSB filing.  No  reports   on  Form 8-K were filed as of the most recent
fiscal quarter.


<PAGE>


                            SIGNATURES

In accordance with  Section  12 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.


                                   NEW WORLD PUBLISHING, INC.





Dated:9/14/98                      By.    ///JOHN B. QUAM///
                                         John B. Quam
                                         President and Chief Executive Officer


     Pursuant to the requirements of the Securities  Exchange  Act of 1934,
this report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.


                              CHIEF FINANCIAL AND ACCOUNTING
                               OFFICER



Dated:9/14/98                      By:      ///JUDITH F. HARAYADA///
                                           Judith F. Harayda
                                           Treasurer
<PAGE>

            NEW WORLD PUBLISHING, INC.
           (Formerly Known as JLQ, Inc.)









           FORM 10-QSB QUARTERLY REPORT

                   JULY 31, 1998



































<PAGE>
              Janet Loss, C.P.A, P.C.
            Certified Public Accountant
        3525 South Tamarac Drive, Suite 120
              Denver, Colorado  80237

            NEW WORLD PUBLISHING, INC.
           (Formerly Known as JLQ, Inc.)

       INDEX TO FORM 10-QSB QUARTERLY REPORT


                 TABLE OF CONTENTS

   PART I - FINANCIAL STATEMENTS

ITEM                                             PAGE

Condensed Balance Sheets as of
  July 31, 1998 and January 31, 1998...........1

Condensed Statements of Operations
  for the three and six months ended
  July 31, 1998 and 1997.......................2

Statement of Stockholders' Equity (Deficit)
  for the six months ended
  July 31, 1998................................3

Condensed Statements of Cash Flows
  for the six months ended
  July 31, 1998 and 1997.......................4

Notes to Condensed Financial Statements........5

Item 2 - Management's Discussion and
  Analysis or Plan of Operation................6

   Part II - Other Information

Exhibits and Reports on Form 8-K

   (A)  Exhibits - None

   (B)  Reports on Form 8-K
<PAGE>
<TABLE>
<CAPTION>
            NEW WORLD PUBLISHING, INC.
           (Formerly Known as JLQ, Inc.)

             CONDENSED BALANCE SHEETS


                         July 31,
                           1998    January 31,
                       (UNAUDITED)     1998
<S>                     <C>             <C>
                      ASSETS
CURRENT ASSETS:

  Cash in Checking       $   231         $6,060
  Inventory, Lower of
    Cost or Market
    (Note 2)              26,760         26,760

Total Current Assets      26,991         32,820

FIXED ASSETS:

  Furniture and
    Equipment              7,885          7,885
  Less accumulated
    depreciation          (5,692)        (5,237)

Net Fixed Assets           2,193          2,648

OTHER ASSETS:

  Organization costs,
    net of amortization      194            244
  Deferred Offering costs  8,237          4,086

Total Other Assets         8,431          4,330

TOTAL ASSETS        $37,615         39,798
<PAGE>
       LIABILITIES AND STOCKHOLDERS' EQUITY


CURRENT LIABILITIES:      $    0          $   0

STOCKHOLDERS' EQUITY:

  Preferred stock, no par
    value, 10,000,000
    shares authorized,
    none issued                0              0

  Common stock, $.0001
    par value, 100,000,000
    shares authorized,
    10,781,500 shares
    issued and outstanding      5,740     5,740

  Additional Paid-In-
    Capital               11,497         11,497

  Contributed Paid-In-
    Capital               29,144         29,144

  Deficit                 (8,766)        (6,583)

TOTAL STOCKHOLDERS'
EQUITY                    37,615         39,798

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY     $37,615         39,798

</TABLE>
"See notes to condensed financial statements."
<PAGE>
<TABLE>
<CAPTION>
                         NEW WORLD PUBLISHING, INC.
                        (Formerly Known as JLQ, Inc.)

               CONDENSED STATEMENTS OF OPERATIONS (Unaudited)


                                     For the three          For the six
                                     months ended           months ended
                                        JULY 31,               JULY 31,
<S>                              <C>           <C>        <C>        <C>
                                   1998        1997       1998        1997
REVENUES:

  Sales                          $   0        $   0      $   0       $  0

OPERATING EXPENSES:

  Amortization                      25           25         50          46
  Depreciation Expense             227          252        454         504
  Entertainment Expenses           291            0        291           0
  Legal and Accounting             277            0        277           0
  Filing and Transfer Fees           0            0        610           0
  Directors' Meetings              139            0        139           0
  Office Expense                   212           17        362          67
  Rent Expenses                      0          300          0         600

Total Operating Expenses:        1,171          594      2,183       1,217

  NET INCOME (LOSS)            $(1,171)      $( 594)   $(2,183)    $(1,217)

  NET INCOME (LOSS) PER
    SHARE OF COMMON STOCK          N/A          N/A        N/A         N/A

Weighted average number of
  shares outstanding         10,781,500   10,781,500  10,781,500  10,781,500

</TABLE>
"See notes to condensed financial statements."
<PAGE>
<TABLE>
<CAPTION>
                         NEW WORLD PUBLISHING, INC.
                        (Formerly Known as JLQ, Inc.)

                      STATEMENTS OF STOCKHOLDERS EQUITY
                  For the three months ended April 30, 1998

<S>       <C>            <C>      <C>         <C>        <C>       <C>

          Common stock   Common    Additional                     Stockholders'
           Number of      stock     Paid-In-  Contributed            Equity    
            SHARES        AMOUNT  CAPITAL       CAPITAL   (DEFICIT) (DEFICIT)


Balance,
February 1,
1998        10,781,500    $5,740   $11,497     $29,144      $(6,583)    $39,798

Net (Loss)
for the six
months ended
July 31, 1998                                               (2,183)    (2,183)

Balance,
July 31,
1998         10,781,500    $5,740   $11,497     29,144      (8,766)    $37,615


</TABLE>
"See notes to condensed financial statements."
<PAGE>
<TABLE>
<CAPTION>
                 NEW WORLD PUBLISHING, INC.
                (Formerly Known as JLQ, Inc.)

       CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

                              For the six       For the six
                              months ended      months ended
                              JULY 31, 1998     JULY 31, 1997
<S>                           <C>               <C>  
CASH FLOWS FROM OPERATING
ACTIVITIES:

  Net Income (Loss)            $(2,183)         $(1,217)

Adjustments to reconcile
  net loss to net cash
  used in operating
  activities

    Amortization                    50                46
    Depreciation Expense           454               504
    Deferred Offering Costs     (4,150)                0
    Increase in Accounts
      Payable                        0               700

  Net cash provided (Used) by
  Operating activities          (5,829)               33

CASH, BEGINNING OF THE
PERIOD                            6,060              355

CASH, END OF THE PERIOD           $ 231             $  388
</TABLE>
"See notes to condensed financial statements."
<PAGE>
                 NEW WORLD PUBLISHING, INC.
                (Formerly Known as JLQ, Inc.)

     NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited)


NOTE A - BASIS OF PRESENTATION

The   accompanying  unaudited  financial  statements  have  been
prepared   in  accordance  with  generally  accepted  accounting
principles  for  interim  financial  information  and  with  the
instructions  to  Form  10-QSB and Regulation S-B.  Accordingly,
they  do  not  include  all of  the  information  and  footnotes
required  by  generally  accepted   accounting   principles  for
complete  financial  statements.   The  accompanying  statements
should  be  read  in  conjunction  with  the  audited  financial
statements  included  in  the  Company's January 31, 1998 Annual
Report  on  Form  10-KSB.   In the opinion  of  management,  all
adjustments  (consisting  only  of  normal  recurring  accruals)
considered necessary in order  to  make the financial statements
not misleading, have been included.   Operating  results for the
six months ended July 31, 1998 are not necessarily indicative of
the  results  that  may  be expected for the full calendar  year
ended January 31, 1999.  The  financial statements are presented
on the accrual basis.
<PAGE>