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 October 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 October 31, 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:12/1/98                  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:12/1/98                      By:      ///JUDITH F. HARAYADA///
                                           Judith F. Harayda
                                           Treasurer


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









                   FORM 10-QSB QUARTERLY REPORT

                         OCTOBER 31, 1998



































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

                    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
  October 31, 1998 and January 31, 1998  ...1

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

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

Condensed Statements of Cash Flows
  for the nine months ended
  October 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


                          October 31,   January 31,
                             1998       1998
                         (UNAUDITED)

                              ASSETS
<S>                    <C>           <C> 
CURRENT ASSETS:

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

Total Current Assets   26,786         32,820

FIXED ASSETS:

  Furniture and
    Equipment           7,885          7,885
  Less accumulated
    depreciation       (5,919)        (5,237)

Net Fixed Assets        1,966          2,648

OTHER ASSETS:

  Organization costs,
    net of amortization   169            244
  Deferred Offering 
    costs               8,237          4,086

Total Other Assets      8,406          4,330

TOTAL ASSETS          $37,158         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              (9,223)        (6,583)

TOTAL STOCKHOLDERS'
EQUITY                 37,158         39,798

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY  $37,158         39,798


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

                          CONDENSED STATEMENTS OF OPERATIONS (Unaudited)


                                 For the three    For the nine
                                 months ended    months ended
                                  OCTOBER 31,      OCTOBER 31,
<S>                      <C>     <C>    <C>    <C> 
                          1998    1997   1998    1997
REVENUES:

  Sales                  $   0  $   0   $   0  $   0

OPERATING EXPENSES:

  Amortization              25      0      75      46
  Depreciation Expense     227    202     681     706
  Entertainment Expenses     0      0     291       0
  Legal and Accounting     170      0     447       0
  Filing and Transfer Fees   0      0     610       0
  Directors' Meetings        0      0     139       0
  Office Expense           35      30     397      97
  Rent Expenses             0     300       0     900

Total Operating Expenses: 457     532   2,640   1,749

  NET INCOME (LOSS)     $(457)  $(532) $(2,640)$(1,749)

  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


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

                                 STATEMENTS OF STOCKHOLDERS EQUITY
                            For the nine months ended October 31, 1998



             Common stock  Common   Additional                      Stockholders
              Number  of   stock    Paid-In-    Contributed         Equity   
              SHARES       AMOUNT   CAPITAL      CAPITAL   (DEFICIT)(DEFICIT)
<S>         <C>           <C>      <C>          <C>       <C>       <C>
Balance,
February 1,
1998         10,781,500    $5,740   $11,497     $29,144    $(6,583)  $39,798

Net (Loss)
for the nine
months ended
September 31,
1998                                                        (2,640)   (2,640)

Balance,
October 31,
1998         10,781,500    $5,740   $11,497      29,144    (9,223)    $37,158


</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 nine    For the nine
                                 months ended      months ended
                                 September 30,     September 30,
                                 1998                1997
<S>                       <C>              <C>
CASH FLOWS FROM OPERATING
ACTIVITIES:

  Net Income (Loss)         $(2,640)         $(1,749)

ADJUSTMENTS TO RECONCILE
NET LOSS TO NET CASH
USED IN OPERATING
ACTIVITIES:

  Amortization                   75                46
  Depreciation Expense          681               706
  Deferred Offering Costs    (4,150)                0
  Increase in Loans               0            12,399

Net cash provided (Used) by
  Operating activities       (6,034)           11,402

CASH, BEGINNING OF THE
PERIOD                         6,060              355

CASH, END OF THE PERIOD        $  26         $ 11,757

"See notes to condensed financial statements."
</TABLE>
<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 nine months ended October 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.