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 or 15(d) of the Securities  Exchange
Act of 1934 for the transition period from  ------------ to --------------.


         Commission file number:33-24108D

                   PROFESSIONAL WRESTLING ALLIANCE CORPORATION
                  --------------------------------------------
        (Exact name of small business issuer as specified in its charter)





            DELAWARE                                    87-045382
           ----------                                  ----------
(State or other jurisdiction of           (I.R.S. Employer Identification No.)
 incorporation or organization)





                 15962 Gault Street, Van Nuys, California 91406
                 ----------------------------------------------
               (Address of principal executive office) (Zip Code)


                                 (818) 786-7154
                             ----------------------
                           (Issuer's telephone number)


     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 XX           No

     The number of outstanding  shares of the issuer's common stock,  $0.001 par
value (the only class of voting stock), as of August 8, 2000 was 72,256,832.


<PAGE>




                                TABLE OF CONTENTS

                                     PART I

ITEM 1.  FINANCIAL STATEMENTS..................................................1

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


                                     PART II

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS.............................4

ITEM 5.  OTHER INFORMATION.....................................................5

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K......................................5

SIGNATURES.....................................................................6

INDEX TO EXHIBITS..............................................................7









                 [THIS SPACE HAS BEEN INTENTIONALLY LEFT BLANK]





<PAGE>



ITEM 1.           FINANCIAL STATEMENTS

As used herein,  the term "Company"  refers to Professional  Wrestling  Alliance
Corporation,  a Delaware  corporation,  and its  subsidiaries  and  predecessors
unless otherwise indicated. Consolidated, unaudited, condensed interim financial
statements  including a balance  sheet for the  Company as of the quarter  ended
June 30, 2000 and statements of operations, and statements of cash flows for the
interim period up to the date of such balance sheet and the comparable period of
the  preceding  year are  attached  hereto  as  Pages  F-1  through  F-4 and are
incorporated herein by this reference.

                      [THIS SPACE LEFT BLANK INTENTIONALLY]

                                        1


<PAGE>



                   Professional Wrestling Alliance Corporation
                  Interim Consolidated Condensed Balance Sheet


                                                                   June 30, 2000
                                                                    (unaudited)
                                                                 ---------------

ASSETS

      Current Assets:
            Cash and cash equivalents                            $           2
            Prepaid expense                                                  -
            Other                                                        3,750
                                                                  ------------
      Total current assets                                               3,752

      Property, Plant & Equipment (net of depreciation)                480,000
                                                                  ------------


TOTAL ASSETS                                                     $     483,752
                                                                  ------------

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

LIABILITIES AND STOCK HOLDERS' EQUITY
      Current Liabilities:

            Accounts payable                                     $      50,053
            Judgement Payable                                          603,873
            Convertible Notes Payable                                  205,000
                                                                  ------------
                 Total current liabilities                             858,926
                                                                  ------------

      Stockholders' equity

            Preferred stock ($.001 par value, 5,000,000
                 shares authorized; no share issued and
                 outstanding                                                 -
            Common stock $.001 par value shares, 200,000,000
                 shares authorized; 72,256,832 shares issued
                 and outstanding June 30, 2000                          72,257
            Additional paid in capital                                 502,350
            Accumulated (Deficit)                                     (949,781)
                                                                  ------------
                 Total stockholders' equity                           (375,174)
                                                                  ------------

TOTAL LIABILITIES AND EQUITY                                     $     483,752
                                                                  ============





                        See notes to financial statements

                                       F-1

<PAGE>


<TABLE>

                                    Professional Wrestling Alliance Corporation
                         Interim Unaudited Consolidated Condensed Statements of Operations

<CAPTION>

                                                           Three Months Ended                       Six Months Ended
                                                        June 30,            June 30,            June 30,            June 30,
                                                          2000                1999                2000                1999
                                                     --------------      --------------      --------------      ---------------

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

      Interest and other income                    $              -    $              -    $              -    $               -
      Investment income                                           -                   -                   -                    -
                                                     --------------      --------------      --------------      ---------------
            Total Revenue                                         -                   -                   -                    -
                                                     --------------      --------------      --------------      ---------------
EXPENSES

      Interest expense                                       15,092              13,345              29,807               26,690
      Selling, general and administrative                     1,345              71,766              54,951              143,531
                                                     --------------      --------------      --------------      ---------------
                 Total Expenses                              16,437              85,111              84,758              170,221

NET LOSS (from continuing operations)              $        (16,437)   $        (85,111)   $        (84,758)   $        (170,221)
                                                     --------------      --------------      --------------      ---------------

Income taxes                                                      -                   -                   -                    -

NET (LOSS)                                         $        (16,437)   $        (85,111)   $        (84,758)   $        (170,221)
                                                     --------------      --------------      --------------      ---------------

BASIC & DILUTED (LOSS) PER

COMMON SHARE                                       $          (0.00)   $         (0.00)    $         (0.00)    $        (0.00)
                                                     --------------      --------------      --------------      ---------------

BASIC & DILUTED WEIGHTED
AVERAGE SHARES
OUTSTANDING                                              72,256,832          47,589,595          69,266,110           38,123,362
                                                     ==============      ==============      ==============      ===============

</TABLE>





                                         See notes to financial statements






                                                        F-2

<PAGE>



<TABLE>

                                    Professional Wrestling Alliance Corporation
                         Unaudited Interim Consolidated Condensed Statements of Cash Flows

<CAPTION>

                                                                           Six Months              Six Months
                                                                             Ended                   Ended
                                                                         June 30, 2000           June 30, 1999
                                                                       ------------------      ------------------

CASH FLOWS FROM OPERATION ACTIVITIES
<S>                                                                  <C>                   <C>

     Net loss                                                       $             (84,758)   $           (170,221)
                                                                       ------------------      ------------------
     Adjustments to reconcile net loss to net cash provided
    (used) by operating activities:

          (Increase) in accounts receivable                                        (3,750)                      -
          Increase in accounts payable                                             11,519                  28,267
          Increase in convertible notes payable                                         -                  91,735
          Increase in judgement payable                                            29,807                  26,690
                                                                       ------------------      ------------------
               Total adjustments                                                   37,576                 146,692

                                                                       ------------------      ------------------
     Net Cash Provided (Used) by Operating Activities                             (47,182)                (23,529)
                                                                       ------------------      ------------------

CASH FLOWS PROVIDED BY INVESTING ACTIVITIES

     Net Cash Provided (Used) by Investing Activities                                   -                       -
                                                                       ------------------      ------------------

CASH FLOWS FROM FINANCING ACTIVITIES

          Additional Paid in Capital                                               24,750                       -
          Issuance of Common Stock                                                  5,963                  60,000
                                                                       ------------------      ------------------
     Net Cash Provided (Used) by Financing Activities                              30,713                  60,000
                                                                       ------------------      ------------------


NET INCREASE (DECREASE) IN CASH EQUIVALENTS                                       (16,469)                 36,471

CASH AND CASH EQUIVALENTS AT BEGINNING OF

PERIOD                                                                             16,471                       -
                                                                       ------------------      ------------------

CASH AND CASH EQUIVALENTS AT END OF PERIOD                          $                   2    $             36,471
                                                                       ==================      ==================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW

INFORMATION

     Stock issued for land purchase                                 $             480,000    $                  -
     Cash paid during the period for interest                                           -                       -
                                                                       ------------------      ------------------
                                                                                  480,000                       -
                                                                       ==================      ==================
</TABLE>


                                            See notes to financial statements

                                                        F-3

<PAGE>






                   Professional Wrestling Alliance Corporation
     Notes to Unaudited Interim Consolidated Condensed Financial Statements
                                  June 30, 2000


1.  Basis of Presentation

The accompanying  unaudited interim consolidated  condensed financial statements
have been prepared by management in  accordance  with the  instructions  in Form
10-QSB and, therefore,  do not include all information and footnotes required by
generally  accepted  accounting  principles  and should,  therefore,  be read in
conjunction  with the Company's Annual Report to Shareholders on Form 10-KSB for
the fiscal year ended December 31, 1999.  These statements do include all normal
recurring   adjustments   which  management   believes   necessary  for  a  fair
presentation  of  the  statements.   The  interim  operations  results  are  not
necessarily indicative of the results for the full year ended December 31, 2000.

2.   Additional footnotes included by reference

Except as indicated in Notes above, there have been no other material changes in
the information  disclosed in the notes to the financial  statements included in
the Company's Annual Report on Form 10-KSB for the year ended December 31, 1999.
Therefore, those footnotes are included herein by reference.



                                       F-4


<PAGE>



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

General

As used herein the term  "Company"  refers to  Professional  Wrestling  Alliance
Corporation, a Delaware corporation,  its subsidiaries and predecessors,  unless
the context indicates otherwise.  The Company was originally incorporated in the
State of Delaware on January 11, 1988, under the name Jutland Enterprises,  Inc.
The Company  carried on the business  authorized  by its charter  until March 1,
1995, at which time its charter became  inoperative and void for non- payment of
taxes.  Furthermore,  the Company was unable to transact any business because no
known officer or director  retained  their position with the Company until April
7, 1999.

Plan of Operation

The Company's  plan of operation up to August 8, 2000 was to promote and produce
professional wrestling events,  combining musical acts and wrestling matches for
live audiences and television, including pay per view events, through its wholly
owned  subsidiary,   The  Professional   Wrestling  Alliance,   Inc.,  a  Nevada
corporation ("PWA").

Due to a lack of sufficient operating capital, the Company had to cancel four of
its scheduled Rock & Wrestling events as follows: Oakland Sports Arena (December
18, 1999);  L.A. Sports Arena (February 10, 2000);  Imperial  Palace,  Las Vegas
(February 27, 2000);  and the L.A. Sports Arena (April 16, 1999).  Additionally,
as a result of the Company's  current lack of funding,  no events or productions
have been scheduled to date.

In large part based on the lack of sufficient  capital to fund these events, the
Company's 2 major  shareholders,  Barry  Vichnick and Allen Nelson,  agreed that
their shares could be canceled pursuant to a Separation Agreement dated July 27,
2000 (a copy of which is  attached  to the Form 8-K filed with the SEC on August
11, 2000 and incorporated herein by this reference).  Their shares, amounting to
a combined  total of  23,500,000  shares,  were  deemed to be  legally  canceled
effective the same day.

Also as a result of the July 27, 2000 Separation Agreement,  the Company changed
its plan of operations to that of a shell company in search of a suitable merger
or acquisition candidate.  The major thrust of the Separation Agreement was that
Mr. Vichnick and Mr. Nelson  relinquished  their shares in the Company (allowing
them to be canceled) in exchange  for taking back all assets,  liabilities,  and
financial  interests in the  subsidiary  Nevada  Corporation,  The  Professional
Wrestling Alliance,  Inc. As a result of this Separation Agreement,  the Company
no longer has any right or interest in the former subsidiary,  and all relations
with the former subsidiary have been dissolved.

To further separate the business of the former subsidiary from the current shell
of the  Company,  the  Company's  new  Board of  Directors  passed  a  unanimous
resolution  on August 14,  2000  proposing  to change the name of the Company to
Webtech  International  Corporation.  Articles  of  Amendment  to the  Company's
Certificate  of  Incorporation,  and other  related  documents,  will need to be
prepared  and filed with the proper  regulatory  entities to  complete  the name
change adopted by the Company's new management.

Results of Operations

Sales

The Company has not  generated  any  revenues  from  operations  for the periods
covered by this Form 10-QSB.

                                        2


<PAGE>



Losses

Net losses  for the  quarter  ended June 30,  2000,  decreased  to $16,437  from
$85,111 for the quarter  ended June 30,  1999.  The change was  attributable  to
drastically  reducing operations in the second quarter of 2000 (due to a lack of
funding for events),  and having to cancel  previously  scheduled events for the
same reasons.

Expenses

Selling, general and administrative expenses for the quarter ended June 30, 2000
decreased to $1,345 as compared to $71,766 for the quarter  ended June 30, 1999,
a  decrease  of  98  %.  The  substantial  decrease  in  selling,   general  and
administrative  expenses  was due to the lack of  operations  for the  period as
opposed to broader operations in the previous period.

Liquidity and Capital Resources

Cash used by  operations  was  $47,182 for the six months  ended June 30,  2000,
compared to $23,529 for the six months ended June 30, 1999.

Cash flows  generated from  financing  activities was $30,713 for the six months
ended June 30, 2000 as  compared  to $60,000  for the six months  ended June 30,
1999.

Capital Expenditures

The Company made no significant capital expenditures on property or equipment in
the quarter ended June 30, 2000.

Income Tax Expense (Benefit)

The Company's  income tax benefits are limited to the loss sustained in 1999 due
to the reverse merger of PWA into the Company during 1999.

Impact of Inflation

The Company  believes that  inflation has had a negligible  effect on operations
over the past three years. The Company believes that it can offset  inflationary
increases in the cost of materials and labor by  increasing  sales and improving
operating efficiencies.

                                     PART II

ITEM 5.           OTHER INFORMATION

In an event which occurred  subsequent to June 30, 2000, a Form 8-K was filed on
August 11,  2000  detailing a change in control of the Company and also a change
in the  Company's  management.  Shareholders  and other  interested  parties are
encouraged to read carefully that Form 8-K, which is incorporated herein by this
reference.

On August 14, 2000,  in another  pertinent  event  occurring  subsequent  to the
reporting period,  the new Board of Directors of the Company adopted a unanimous
Resolution  to change name of the Company to Webtech  International  Corporation
and to amend the Company's Articles of Incorporation and prepare such other

                                        3


<PAGE>



documentation  for filing  with the  appropriate  regulatory  authorities  as is
proper to reflect this change.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

(a)      Exhibits Exhibits required to be attached by Item 601 of Regulation S-B
         are listed in the Index to Exhibits on page 10 of this Form 10-QSB, and
         are incorporated herein by this reference.

(b)      Reports  on Form 8-K.  No  reports  were  filed on Form 8-K  during the
         quarter.  However,  in an event subsequent to the end of the quarter, a
         Form 8-K was filed on August 11, 2000  detailing a change in control of
         the Company and also a change in the Company's management. Shareholders
         and other interested parties are encouraged to read carefully that Form
         8-K, which is incorporated herein by this reference.

                                        4


<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, this 17th day of August 2000.

Professional Wrestling Alliance Corporation

                                                 August 17, 2000

                                                By:  /s/ Barry Vichnick
                                                    ---------------------
                                                Barry Vichnick
                                                Its: President, Chief Executive
                                                Officer and Director




                                       5


<PAGE>


                                INDEX TO EXHIBITS

Exhibit.   Page

No.         No.     Description

3(i)        *       Articles  of  Incorporation  of  the  Company  (incorporated
                    herein by reference to the Company's Form S-18 as filed with
                    the Securities and Exchange Commission on December 6, 1988).

3(ii)       *       Bylaws of the Company,  as amended  (incorporated  herein by
                    reference  to the  Company's  Form  S-18 as  filed  with the
                    Securities and Exchange Commission on December 6, 1988).

4(i)        *       Form of certificate  evidencing  shares of "Common Stock" in
                    the  Company  (incorporated  herein  by  reference  to  from
                    Exhibit  4(a) to the  Company's  Form S-18 as filed with the
                    Securities and Exchange Commission on December 6, 1988).

3(iii)      *       Certificate  of  Amendment  of  Articles  of   Incorporation
                    Changing the Company's Name From Jutland  Enterprises,  Inc.
                    to   Professional   Wrestling   Alliance   Corporation   and
                    increasing  the number of  authorized  shares of stock dated
                    November 15, 1999.  (Incorporated herein by reference to the
                    Company's  Form 8-K filed with the  Securities  and Exchange
                    Commission on December 3, 1999).

27                  Financial Data Schedule "CE"




















                                        6