FORM 10-QSB

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

    For the quarterly period ended: May 31, 1999


[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                          Commission File No.: 0-10093
                                               -------


                              GOLF ROUNDS.COM, INC.
        ----------------------------------------------------------------
       (Exact name of small business issuer as specified in its charter)


          Delaware                                           22-3664872
-------------------------------                          -----------------
(State or other jurisdiction of                         (I.R.S. Employer
 incorporation or organization)                         Identification No.)


           376 Main Street, P.O. Box 74, Bedminster, New Jersey 07921
           ----------------------------------------------------------
              (Address of principal executive offices) (Zip Code)



                                 (908) 901-9250
                            -------------------------
                           (Issuer's telephone number)

                          AMERICAN METALS SERVICE, INC.
               --------------------------------------------------
              (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 latest practicable date: As of June 30, 1999, the issuer
had  2,099,571   shares  of  its  common  stock,  par  value  $.01,  per  share,
outstanding.

           Transitional Small Business Disclosure Format (check one):

                                 Yes        No  X
                                     ----      ----



<PAGE>




PART I - FINANCIAL INFORMATION

Item 1. -Financial Statements


                              GOLF ROUNDS.COM, INC.
                                  BALANCE SHEET
                                   (Unaudited)







                                                                      May 31,
                                                                       1999
                                                                   ------------
                                                                  ($000 Omitted)

ASSETS
------

    Current assets:
      Cash and cash equivalents                                       $2,127
      Prepaid expenses                                                     8
                                                                      ------
          Total current assets                                         2,135
    Intangible assets, net                                               181
    Equipment:
      Office equipment                                                     2
      Accumulated depreciation                                             -
                                                                      ------
        Net equipment                                                      2
                                                                      ------
          Total assets                                                $2,318
                                                                      ======


LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

    Current liabilities:
      Accounts payable and accrued liabilities                        $   50
                                                                      ------
          Total current liabilities                                       50
                                                                      ------

    Stockholders' equity:
      Common stock, $.01 par value, 12,000,000
         shares authorized, 2,099,573
         shares issued and outstanding                                    21
      Additional capital in excess of par value                        3,200
      Accumulated deficit                                            (   953)
                                                                      ------

          Total stockholders' equity                                   2,268
                                                                      ------

          Total liabilities and stockholders'
            equity                                                    $2,318
                                                                      ======

                 See accompanying notes to financial statements.




<PAGE>






                              GOLF ROUNDS.COM, INC.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)


                                                          For the three months
                                                              ended May 31,
                                                          --------------------
                                                           1999          1998
                                                          ------        ------
                                                             ($000 Omitted,
                                                         Except Per Share Data)



Interest income                                           $   23       $   26

Expenses:
  General, administrative and other                           33           23
  Amortization                                                16            -
                                                          ------       ------
    Total expenses                                            49           23
                                                          ------       ------

Net income (loss)                                        ($   26)      $    3
                                                          ======       ======

Basic and diluted net income (loss)
  per share                                              ($  .01)      $    -
                                                          ======       ======



                 See accompanying notes to financial statements.

<PAGE>


                              GOLF ROUNDS.COM, INC.
                            STATEMENTS OF OPERATIONS
                                   (Unaudited)




                                                           For the nine months
                                                               ended May 31,
                                                          ---------------------
                                                           1999           1998
                                                          -------       -------
                                                              ($000 Omitted,
                                                          Except Per Share Data)




Interest income                                             $   69      $   79

Expenses:
  General, administrative and other                             64          55
  Amortization                                                  16           -
                                                            ------      ------
    Total expenses                                              80          55
                                                            ------      ------

Net income (loss)                                          ($   11)     $   24
                                                            ======      ======

Basic and diluted net income (loss)
  per share                                                ($  .01)     $  .01
                                                            ======      ======



                 See accompanying notes to financial statements.






<PAGE>
                              GOLF ROUNDS.COM, INC.
                            STATEMENTS OF CASH FLOWS
                                   (Unaudited)


                                                           For the nine months
                                                              ended May 31,
                                                           -------------------
                                                            1999          1998
                                                           ------       ------
                                                             ($000 Omitted)

Cash flows from operating activities:
  Net income (loss)                                      ($    11)      $   24
  Adjustments:
      Increase in prepaid expenses                       (      8)           -
      Increase (decrease) in accounts
        payable and accrued liabilities                        47      (     4)
      Amortization                                             16            -
                                                          -------       ------
        Net cash provided by
          operating activities                                 44           20
                                                          -------       ------


Cash flows from investing activities -
  Purchase of equipment                                  (      2)           -
                                                          -------       ------

        Net cash used in investing activities            (      2)           -
                                                          -------       ------



Cash flows from financing activities:
  Issuance of common stock upon exercise
    of stock options                                            -           16
  Capitalized costs in connection
    with the asset purchase of PKG Design                (     45)           -
  Repurchase of common stock                             (     21)           -
                                                          -------       ------
        Net cash provided by (used in)
          financing activities                           (     66)          16
                                                          -------       ------


Net increase (decrease) in cash and cash
  equivalents                                            (     24)          36

Cash and cash equivalents at beginning
  of period                                                 2,151        2,111
                                                          -------       ------

Cash and cash equivalents at end of period                $ 2,127       $2,147
                                                          =======       ======

Non-cash investing and financing activities:

   In May, 1999 the Company  issued  150,000 of common stock in connection  with
   the asset purchase of PKG Design, Inc.

                 See accompanying notes to financial statements.



<PAGE>


                              GOLF ROUNDS.COM, INC.

                          NOTES TO FINANCIAL STATEMENTS

                                   (Unaudited)


1.  Basis of Presentation
    ---------------------

     The accompanying  unaudited financial  statements of Golf Rounds.com,  Inc.
formerly  American Metals  Service,  Inc. (the "Company") as of May 31, 1999 and
for the three and nine month  periods  ended May 31,  1999 and 1998  reflect all
material  adjustments  which, in the opinion of management,  are necessary for a
fair  presentation of results for the interim periods.  Certain  information and
footnote  disclosures  required under generally accepted  accounting  principles
have been  condensed  or omitted  pursuant to the rules and  regulations  of the
Securities  and  Exchange  Commission,  although the Company  believes  that the
disclosures are adequate to make the information presented not misleading. These
financial  statements should be read in conjunction with the year-end  financial
statements  and notes thereto  included in the  Company's  Annual Report on Form
10-KSB for the year ended  August 31,  1998,  as filed with the  Securities  and
Exchange Commission.

     The results of  operations  for the three and nine month  periods ended May
31, 1999 and 1998 are not  necessarily  indicative of the results to be expected
for the entire  fiscal  year or for any other  period.  Prior  years'  financial
statements have been reclassified to conform to the current year's presentation.


2.   Acquisitions
     ------------

     Until the fourth  quarter of fiscal  1992,  the  Company was engaged in the
wholesale distribution of aluminum alloys, steel and other specialty metals. The
Company  liquidated the assets of its former business,  and on May 18, 1999, the
Company  acquired the assets of PKG Design,  Inc., the developer of two Internet
websites: golfrounds.com and skiingusa.com (the "Acquisition").

     In  connection  with the  Acquisition,  the  Company  issued to the  seller
100,000 newly issued shares of common stock of the Company and reserved  another
280,000  shares,  of which 100,000 will be issued if revenues for the first year
after the acquisition exceed $200,000 and the balance if revenues for the period
exceed $350,000.  Additionally,  50,000 newly issued shares of common stock were
issued  to the  finder  of the  Acquisition  for  services  rendered.  The  cost
associated  with the  issuance  of the  shares to the  seller  and to the finder
comprise the cost of the Acquistion.

<PAGE>


     The  Acquisition is being accounted for by the purchase  method.  The total
purchase price for this transaction of approximately $197,000 has been allocated
to intangible  assets,  representing the value assigned to the websites acquired
in the Acquisition. The intangibles are being amortized on a straight-line basis
over a one-year  period.  The  Company  will not  receive a tax  benefit for the
amortization.  Had the Acquisition  been effective on September 1, 1997, the net
loss for the nine  months  ended May 31,  1998  would  have  been  approximately
$223,000 or $.11 per share. For the nine months ended May 31, 1999, the net loss
would have been  approximately  $119,000 or $.06 per share.  These  proforma net
losses  resulted  principally  from  recording  the  expense  of the  employment
agreement,  amortization of intangible assets,  salary, and other  miscellaneous
expenses,  from September 1, 1997.  This proforma  financial  information is not
intended to reflect results of operations which would have actually resulted had
these transactions been effected on the dates indicated. Moreover, this proforma
financial  data is not intended to be indicative of results of operations  which
may be attained in the future.

3.   Income Per Share
     ----------------

     Income per common share is based on the weighted  average  number of shares
outstanding.  Excluded from the income per share  calculation  are  contingently
issuable shares which, if included, would have an antidilutive effect.

4.   Compensation Arrangements
     -------------------------

     In connection with the Acquisition,  the Company entered into an employment
agreement with Thomas K. Van Herwarde,  the Company's President,  for an initial
term of  one-year  at an annual  salary of $90,000  (the  "Agreement").  Mr. Van
Herwarde was the sole  stockholder of PKG Design,  Inc. On the expiration of the
one-year period,  and on each yearly  anniversary  thereafter,  unless otherwise
terminated,  the Agreement will automatically  renew for an additional  one-year
period.

<PAGE>




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

     This Form  10-QSB  contains  forward-looking  statements  which may involve
known and unknown  risks,  uncertainties  and other  factors  that may cause the
Company's  actual  results and  performance  in future  periods to be materially
different from any future periods or performance suggested by these statements.


Overview
--------

     Until the fourth  quarter of fiscal  1992,  the  Company was engaged in the
wholesale distribution of aluminum alloys, steel and other specialty metals. The
Company  liquidated the assets of its former business and in May 1999,  acquired
the  assets  of PKG  Design,  Inc.,  the  developer  of two  Internet  websites:
golfrounds.com and skiingusa.com.  The Company is now in the publishing business
of Internet  websites  through  this  acquisition.  The Company has an exclusive
arrangement with Lycos,  Inc.("Lycos"),  a major Internet guide, to provide golf
content  through its  golfrounds.com  website.  Currently the Company's  primary
revenue source is the sale of advertising through Lycos. To date the Company has
not generated significant revenues from its websites.

     The Company's business is characterized by rapid technological  change, new
product development and evolving industry  standards.  Inherent in the Company's
business are various risks and  uncertainties,  including its limited  operating
history,  unproven  business  model and the  limited  history of commerce on the
Internet.

     The Company's success may depend in part upon the emergence of the Internet
as  a  communications  medium,   prospective  product  development  efforts  and
acceptance of the Company's brand name in the marketplace.


Results of Operations
---------------------

     Available cash is invested in U.S. Treasury Securities. Interest income for
the third  quarter  ended May 31,  1999 was  approximately  $23,000  compared to
$26,000 in the comparable  quarter of the prior fiscal year. For the nine months
ended May 31,  1999  interest  income was  $69,000  compared  to $79,000 for the
comparable  period of the prior fiscal year. The decrease in interest income was
due to lower available interest rates on the Company's cash equivalents.

     General, administrative and other expenses were $33,000 and $23,000 for the
quarters ended  May 31, 1999 and 1998, respectively, and $64,000 and $55,000 for

<PAGE>

the nine month periods ended May 31, 1999 and 1998,  respectively.  A management
fee of $12,500 per  quarter is paid to an  affiliated  company  for  accounting,
financial and  administrative  management.  The fee is based on the  affiliate's
estimated  costs,  and  management   believes  that  the  allocation  method  is
reasonable.  The remaining general and administrative expenses for the three and
nine month periods ended May 31, 1999 and 1998 consist of legal, amortization of
intangibles,  stockholder,  insurance,  salary and miscellaneous  expenses.  The
increase in general,  administrative  and other  expenses of $9,000 for the nine
months  ended May 31, 1999  compared  to the nine months  ended May 31, 1998 was
primarily  due to legal  expenses  of $12,000  incurred in  connection  with the
preparation of the Company's proxy material. Amortization expense of $16,000 was
incurred in connection  with the Acquisition for the three and nine months ended
May 31, 1999.

Liquidity and Capital Resources
-------------------------------

     At May 31,  1999,  cash and  cash  equivalents  and  working  capital  were
approximately $2,127,000 and $2,085,000  respectively.  U.S. Treasury Securities
of approximately  $2,035,000 mature at various dates through August 12, 1999 and
bear interest rates ranging from 4.29% to 4.63%.

Year 2000 Matters
-----------------

     The Year 2000 Issue is the result of computer  programs being written using
two digits rather than four to define the applicable  year. Any of the Company's
computer  programs that have time sensitive  software may recognize a date using
"00" as the year 1900  rather  than the year 2000.  Miscalculations  could cause
disruption of operations, including, among other things a temporary inability to
process transactions or engage in similar normal business activities.

     Management  has  determined   that  the  Year  2000  Issue  will  not  pose
significant  operational problems for its internal computer systems. The Company
uses "off the shelf" accounting software to maintain its accounting systems. All
of these  software  applications  are already Year 2000  compliant.  The cost of
being Year 2000 compliant was nominal. All costs associated with this conversion
have been  expensed as incurred.  Additionally,  the Company has  contacted  its
principal suppliers of hardware,  software, and Internet services. All suppliers
have provided Year 2000 compliance statements.

Employment Arrangements
-----------------------

     In May 1999, the Company  entered into an employment  agreement with Thomas
K. Van Herwarde, the Company's President,  for an initial term of one-year at an
annual  salary of  $90,000  (the  "Agreement").  Mr. Van  Herwarde  was the sole
stockholder of PKG Design, Inc. On the expiration of the one-year period, and on
each yearly anniversary thereafter,  unless otherwise terminated,  the Agreement
will automatically renew for an additional one-year period.

<PAGE>

PART II -  OTHER INFORMATION
-------    -----------------

Item 4. - Submission of Matters to a Vote of Security Holders
------    ---------------------------------------------------

     The Company held its Annual Meeting of  Stockholders  on June 29, 1999. The
following is a tabulation of the voting  results for each item  submitted to the
stockholders:

     1.   Votes cast for the election of Directors:


                                              For                      Withheld
                                            ---------                  --------

     Paul O. Koether                        1,690,791                   14,141
     John W. Galuchie, Jr.                  1,690,791                   14,141
     Mark W. Jaindl                         1,690,708                   14,224
     Thomas K. Van Herwarde                 1,690,708                   14,224



     2.   To approve an amendment to the Company's  Certificate of Incorporation
          to provide for an increase of the authorized  shares from 6,000,000 to
          12,000,000.

               FOR                        AGAINST                   ABSTAIN
            ----------                    -------                   -------
            1,673,221                     29,661                     2,050



     3.   To approve an amendment to the Company's  Certificate of Incorporation
          to reincorporate in Delaware.

            FOR               AGAINST            ABSTAIN             UNVOTED
          ---------           -------            -------             -------
          1,418,220            24,984             1,855              259,873



     4.   To approve an amendment to the Company's  Certificate of Incorporation
          to effect a name change to Golf Rounds.com, Inc.

               FOR                        AGAINST                   ABSTAIN
            ----------                    -------                   -------
            1,672,784                     28,925                     3,223

<PAGE>





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

        (a)           Exhibits

        (2)           Agreement and Plan of Merger

        (3)(i).1      Articles of Incorporation

        (3)(ii).1     By-laws

        (10)          Employment agreement with Thomas K. Van Herwarde dated May
                      17, 1999.

        (27)          Financial Data Schedule for the nine months ended May 31,
                      1999.



        (b)    Reports on Form 8-K
               -------------------

               No reports on Form 8-K were filed  during the  quarter  for which
               this Form 10-QSB is filed.

<PAGE>



                                    SIGNATURE



     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.


                                                     GOLF ROUNDS.COM, INC.




Dated: July 15, 1999                           By: /s/ John W. Galuchie, Jr.
                                                   ----------------------------
                                                   John W. Galuchie, Jr.
                                                   Vice President and Treasurer