UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB
(Mark One)

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

For the quarterly period ended June 30, 2000

                                       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 Number 1-15745

                                  MYWEB INC.COM
        (Exact name of Small Business Issuer as Specified in its Charter)

         NEVADA                                                 88-0207089
(State or Other Jurisdiction                                   (IRS Employer
of Incorporation or Organization)                            Identification No.)

                                Block G, Unit 606
                               Phileo Damansara 1
                                No. 9 Jalan 16/11
                               Off Jalan Damansara
                               46350 Petaling Jaya
                               Selangor, Malaysia

                    (Address of Principal Executive Offices)

                                 (603) 460-9282
                 Issuer's Telephone Number, Including Area Code

         Check  whether  the issuer:  (1) has 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
                                     -----    ------

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                         DURING THE PRECEDING FIVE YEARS

         Check whether the registrant  filed all documents and reports  required
to be  filed  by  Section  12,  13 or  15(d)  of  the  Exchange  Act  after  the
distribution of securities under a plan confirmed by a court.

Yes   X    No
   ------    ------
                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of August 17, 2000, the registrant
had 11,121,357 shares of Common Stock outstanding.

           Transitional Small Business Disclosure Format (check one):

Yes        No   X
   ------    ------

<PAGE>
                                  MYWEB INC.COM

                                   FORM 10-QSB
                       For the Quarter Ended June 30, 2000


                                                                  Page Number
                  INDEX

PART I    FINANCIAL INFORMATION

Item 1    Condensed Consolidated Balance Sheets at June 30, 2000               3
               and at December 31, 1999 (unaudited for June 30, 2000)

          Condensed Consolidated Statements of Operations for the              4
               three month periods ended June 30, 2000 and June 30, 1999
               and the six month periods ended June 30, 2000 and June
               30, 1999 (unaudited)

          Condensed Consolidated Statements of Cash Flows for the              5
               six month periods ended June 30, 2000 and June 30, 1999
               (unaudited)

          Notes to Condensed Consolidated Financial Statements                 6
               (unaudited)

Item 2   Management's Discussion and Analysis of Financial Condition          11
               and Results Of Operations


PART II  OTHER INFORMATION

Item 1   Legal Proceedings                                                    16
Item 2   Changes in Securities                                                16
Item 3   Defaults Upon Senior Securities                                      16
Item 4   Submission of Matters to a Vote of Security Holders                  16
Item 5   Other Information                                                    16
Item 6   Exhibits and Reports on Form 8-K                                     16



Certain statements under the caption "Management's  Discussion and Analysis" and
elsewhere in this Form 10-QSB constitute "forward-looking statements" within the
meaning  of  the  Private  Securities  Litigation  Reform  Act  of  1995.  These
statements are typically  identified by their  inclusion of phrases such as "the
Company  anticipates,"  "the  Company  believes"  and other  phrases  of similar
meaning.  Such  forward  looking  statements  involve  known and unknown  risks,
uncertainties  and other factors that may cause the actual results,  performance
or  achievements  of the  Company  to be  materially  different  from any future
results,  performance or achievements express or implied by such forward-looking
statements.  Such factors include,  among others:  general economic and business
conditions;  competition;  political changes in international markets; operating
costs; costs of capital  equipment;  changes in foreign currency exchange rates;
changes  in  business  strategy  or  expansion  plans;  quality  of  management;
availability,  terms and development of capital; fluctuating interest rates; and
other factors referenced in this Form 10-QSB.


                                      2
<PAGE>

                                     PART I
                              FINANCIAL INFORMATION

ITEM 1.       FINANCIAL STATEMENTS

<TABLE>

<CAPTION>
                                  MYWEB INC.COM

                      CONDENSED CONSOLIDATED BALANCE SHEETS
         (IN THOUSANDS OF DOLLARS, EXCEPT FOR SHARE AND PER SHARE DATA)

<S>                                                                       <C>                  <C>
                                                                           (Unaudited)          (Audited)
                                                                               June              December
Assets                                                                       30, 2000            31, 1999
-------
Current Assets:
     Cash and cash equivalents                                                          858             2,362
     Accounts receivable, net                                                         2,330             1,818
     Inventories                                                                        842                43
     Prepaid expenses and other current assets                                          268               466
                                                                                  ---------         ---------

Total Current Assets                                                                  4,298             4,689

Property and equipment, net                                                             629               352
Goodwill on consolidation                                                               977                 -
                                                                                  ---------         ---------

                                                                                  $  5,904           $  5,041
                                                                                  =========          ========
Liabilities and Shareholders' Equity
Current Liabilities:
     Accounts payable, trade                                                          1,494             1,861
     Other accounts payable                                                           4,972             1,369
     Due to directors                                                                    84               198
     Deferred revenue                                                                    14                26
     Short term Borrowings                                                              362                 -
     Income taxes payable                                                                 8                 -
     Deferred Tax Liability                                                               5                 -
                                                                                  ---------         ---------

Total Current Liabilities                                                             6,939             3,454
                                                                                  ---------         ---------
Commitments and Contingencies (Note 9)
Minority Interest                                                                       162                 7

Shareholders' Equity:
Common stock, par value $.01; authorized
  100,000,000 shares; issued and outstanding 11,121,357
  shares in 2000 and 11,070,135 in 1999                                                 111               111

Additional paid-in capital                                                           16,110            14,749
Accumulated deficit                                                                (17,425)          (13,272)
Other comprehensive income (loss)                                                         7               (8)
                                                                                  ---------         ---------

Total Shareholders' Equity                                                          (1,197)             1,580
                                                                                  ---------         ---------

                                                                                   $  5,904          $  5,041
                                                                                   ========          ========
</TABLE>
                                       3

<PAGE>

<TABLE>

<CAPTION>
                                  MYWEB INC.COM

                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
               (IN THOUSANDS OF DOLLARS, EXCEPT PER SHARE AMOUNT)
                                   (UNAUDITED)

<S>                                                         <C>                 <C>                <C>                 <C>
                                                                For the Three Months Ended             For the Six Months Ended
                                                              June 30,             June 30,           June 30,            June 30,
                                                                2000                 1999               2000                1999
Revenues:

     Net Sales                                                  $ 1,600              $  448            $ 2,988              $  884
     Interest and Other Income                                       19                  34                 56                  42
                                                               --------            --------           --------            --------

Total Revenues                                                    1,619                 482              3,044                 926
                                                               --------            --------           --------            --------
Costs and Expenses:

     Cost of sales                                                1,116                 556              2,413                 951
     Sales and marketing                                            898                 426              1,907                 467
     Product development                                             86                  96                347                 108
     General administration                                       1,517                 315              2,446                 567
                                                               --------            --------           --------            --------

 Total Costs and Expenses                                         3,617               1,393              7,113               2,093
                                                               --------            --------           --------            --------

Minority Interest                                                    64                   -                 85                   -

Loss before income taxes                                        (2,062)               (911)            (4,154)             (1,167)
Income Taxes                                                          -                   -                  -                   -
                                                               --------            --------           --------            --------

Net Loss                                                      $ (2,062)            $  (911)           $(4,154)            $(1,167)
                                                               ========            ========           ========            ========
Loss per share                                                 $ (0.18)            $ (0.09)           $ (0.37)            $ (0.12)

Average number of                                            11,112,285          10,126,576         11,112,285          10,126,576
 common shares outstanding

</TABLE>

                                        4
<PAGE>

<TABLE>

<CAPTION>
                                  MYWEB INC.COM

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                            (IN THOUSANDS OF DOLLARS)
                                   (UNAUDITED)

<S>                                                                                 <C>                    <C>

                                                                                         For the Six Months Ended
                                                                                                  June 30,
                                                                                         2000                   1999
Cash Flows from Operating Activities:
Net loss                                                                             $ (4,154)              $ (1,167)
Adjustments:
     Depreciation                                                                           75                      9
     Non-cash Expense                                                                    1,248                      2
     Common stock issuance for consulting services                                           -                      4
     Disposition of equipment                                                               16                      3
     Amortization of goodwill                                                              195                      -
     Gain on disposal of fixed assets                                                      (4)                      -
     Minority Interest                                                                      85                      -

Working Capital Adjustments:
     Increase in inventories                                                             (152)                   (43)
     Decrease in accounts receivable, trade                                                273                    670
     (Increase) Decrease in prepaids and others                                            251                  (353)
     Increase (Decrease) in accounts payable                                             (485)                    113
     Decrease in deferred revenue                                                         (12)                      -
                                                                                     ---------              ---------
Cash Used In Operating Activities                                                      (2,664)                  (762)
                                                                                     ---------              ---------
Cash Flows from Investing Activities:
     Acquisition of property and equipment                                               (219)                  (146)
     Acquired cash in Asia Media                                                             -                     11
     Proceeds from disposal of equipment                                                    18                      -
     Cash acquired in acquisitions                                                           6                      -
                                                                                     ---------              ---------
Cash Used In Investing Activities                                                        (195)                  (135)
                                                                                     ---------              ---------
Cash Flows from Financing Activities:
     Proceeds on issuance of common stock                                                    0                  4,690
     Proceeds (payments) on due to directors                                             (116)                     22
     Net change in short term borrowing                                                    362                      -
     Proceeds on minority share in subs                                                     11                      -
     Share Application Money received                                                    1,100                      -
                                                                                     ---------              ---------
Cash Flows from Financing Activities                                                     1,357                  4,712
                                                                                     ---------              ---------
Effect on exchange rate changes on cash                                                    (2)                      -
(Decrease) Increase in cash and cash equivalents                                       (1,504)                  3,815
Cash balance, beginning                                                                  2,362                      -
                                                                                     ---------              ---------
Cash balance, end                                                                    $     858              $   3,815
                                                                                     =========              =========
</TABLE>

                                       5
<PAGE>

                                  MYWEB INC.COM

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


Note 1:  Basis of Presentation

The accompanying  financial statements report the consolidated accounts of MyWeb
Inc.com.  (formerly  Asia  Media  Communications,  Ltd.)  and  its  wholly-owned
subsidiaries,  TecnoChannel Technologies Sdn. Bhd. (a Malaysian corporation) and
its subsidiary companies, MyWeb Asia Pte. Ltd. (a Singapore corporation),  MyWeb
Network  System  (Beijing) Co., Ltd. (a Chinese  corporation)  and MyWeb America
Inc. (a Delaware corporation), and Easy2Bid Pte. Ltd. (a Singapore corporation).
Pursuant to the acquisition  described in Note 4 hereto, the Company has treated
the acquisition of TecnoChannel as a reverse acquisition and,  accordingly,  has
reported TecnoChannel  Technologies' 1998 statements as continuous.  The Company
was  incorporated  on  February  20,  1985  pursuant to the laws of the State of
Nevada, and presently has an administrative office in San Francisco, California,
and operations offices in Kuala Lumpur and Beijing.

The accompanying  financial statements have been prepared on the assumption that
the Company will continue as a going  concern.  Management's  plans in regard to
these matters are described in Note 11 below.

Note 2:  Unaudited Financial Statements

The  consolidated  financial  statements as of June 30, 2000 and for the periods
ended June 30,  2000 and 1999,  included  herein are  unaudited;  however,  such
information reflects all adjustments consisting of normal recurring adjustments,
which are, in the opinion of management,  necessary for a fair  presentation  of
the information for such periods. In addition, the results of operations for the
interim periods are not  necessarily  indicative of results for the entire year.
The accompanying  financial  statements are in condensed form and should be read
in  conjunction  with the  Company's  annual report filed on Form 10-KSB and any
amendments thereto.

Note 3:  Inventories

Inventories of the Company  primarily  consist of fast moving consumer  products
and office stationery products.  All inventories are stated at the lower of cost
or realizable  values.  Cost of these  inventories is primarily  determined on a
weighted average basis.

Note 4:  Acquisition

On February 24, 1999,  the Company  acquired 100% of the issued and  outstanding
capital  stock of  TecnoChannel  Technologies  Sdn.  Bhd.  ("TSB"),  a Malaysian
corporation,  in exchange for an aggregate of 8,500,000  shares of common stock.
In connection with such acquisition,  the Company issued an aggregate of 440,000
shares of its common stock to GEM Ltd. for its services as financial  advisor to
the Company.

                                       6
<PAGE>

                                  MYWEB INC.COM

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

Note 4:  Acquisition - Continued

TSB,  which was  formed  in April of 1997 and  operates  under  the  trade  name
"MyWeb",  has developed  with Philips  Consumer  Electronics  set-top boxes that
enable Internet access via the television set. The boxes, which utilize software
developed by TSB, are marketed and sold by Philips and other third  parties.  In
addition,  TSB has developed and provides enabling technologies to manufacturers
and Internet service  providers serving  non-personal  computer devices (such as
the set-top boxes),  to enhance the  functionalities  of such devices.  TSB also
operates multiple Internet portals providing localized interactive applications,
such as e-commerce, to users of personal computers and set-top boxes.

The Company accounted for the acquisition of TSB as a  recapitalization  under a
reverse acquisition procedure whereby TSB's operations and retained earnings are
reported  as  continuous.  The value of the shares  issued to GEM Ltd.  has been
charged to additional paid-in capital.

On January 3,  2000,  the  Company  acquired  95% of the issued and  outstanding
capital  stock of Easy2Bid  Pte.Ltd.  ("E2B") and issued  6,200 shares of common
stock  of  the  Company  to  the   shareholders  of  E2B  at  a  total  purchase
consideration  of  approximately   $164,000.   The  Company  accounted  for  the
acquisition  of E2B using the purchase  method of accounting.  Accordingly,  the
purchase  price has been assigned to the fair values of the acquired  assets and
liabilities, resulting in the recognition of goodwill in the amount of $139,000,
which is being amortized over a three year period.

On January 2, 2000, the Company's subsidiary, TSB, acquired 66.67% of the issued
and outstanding capital stock of Pacific Office Supplies Sdn. Bhd. ("POS") for a
total purchase  consideration of approximately  $1.23 million,  payable in cash.
The Company  accounted for the  acquisition of POS using the purchase  method of
accounting. Accordingly, the purchase price has been assigned to the fair values
of the acquired assets and liabilities, resulting in the recognition of goodwill
in the  amount of $1.03  million,  which is being  amortized  over a three  year
period.

Note 5:  Goodwill

As part of the  acquisition  of E2B and POS as  described  in Note 4 above,  the
Company  recorded an intangible asset related to goodwill in the amount of $1.17
million.  This  asset is being  amortized  over a three  year  period  beginning
January 2000.


Note 6:  Other Accounts Payable

Of other accounts payable balances at June 30, 2000, approximately $1.03 million
represents amounts owing to vendors, in connection with the purchase of POS.


Note 7:  Short Term Borrowings

The short term borrowings  represent a short term loan obtained by MyWeb Network
System  (Beijing)  Co., Ltd. from the China  Construction  Bank.  The short term
borrowing bears interest at the rate of 6.44% per annum and the principal amount
is payable in full on January 13, 2001. Interest is payable quarterly commencing
March 21, 2000.

                                       7
<PAGE>
                                  MYWEB INC.COM

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

Note 8:  Certain Transactions

Private placements:

The Company  completed a private  placement of 250,000 shares of common stock on
March 23, 2000 for aggregate  proceeds of $2.5  million.  Under the terms of the
agreement, the Company received $1.0 million on April 4, 2000 and was to receive
a further  $1.5 million in  aggregate  proceeds on or before June 15, 2000.  The
Company and the investor have agreed to defer the payment of the remaining  $1.5
million of the investment until the fourth quarter of 2000.

The Company entered into a Licensing and Shareholder Agreement,  dated March 29,
2000 (the  "Adgator  Agreement"),  with  Adgator.com  Co., Ltd. and Adgator Inc.
(collectively,  "AC/AI").  Under the terms of the Adgator  Agreement,  AC/AI has
agreed to  purchase,  and the Company has agreed to sell to AC/AI,  within three
(3)  months  following  the date of the  agreement,  $1.0  million  worth of the
Company's  common  stock at a price per share equal to a 30% discount of the one
week  average  price  from  the   agreement   date.   The  Company   received  a
non-refundable deposit of $100,000 from AC/AI in April 2000. The Company has not
received  the  remaining  $900,000  as of August 14,  2000.  AC/AI has  verbally
requested postponement of payment but no fixed date for payment has been set.


Note 9:  Commitments and Contingencies

Option agreement:

Pursuant  to a  proposed  acquisition  in 1996  which was never  completed,  the
Company had  granted its then  subsidiary,  AMC  Holdings,  an option to convert
certain preference shares in the acquisition  agreement to 125,000 shares of the
Company's common stock.  The proposed  acquired company executed an agreement of
forbearance  whereby it was agreed to never exercise such option.  As management
is presently  uncertain as to the legal binding effect of such an agreement upon
an innocent purchaser for value, and although management believes that no shares
will be required to be issued,  an aggregate  of 125,000  shares are reserved in
the event that the Company may be forced to issue such shares in the future.


Marketing Agreement:

The Company  executed an  agreement  with a public  relations  consulting  firm,
providing for the firm to provide certain services over a twelve month term. The
Company is  charging  the value of the shares  issued  for such  arrangement  of
approximately   $283,000  over  the  agreement   term.  As  of  June  30,  2000,
approximately  $188,000 of the advance fee has been charged to operations.  Such
services included the preparation of product and corporate  literature,  as well
as services related to media distribution.

                                       8
<PAGE>

                                  MYWEB INC.COM

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)

Note 9:  Commitments and Contingencies - Continued

1999 Stock Incentive Plan

In February  1999,  the  Company's  stockholders  approved  the  adoption of the
Company's 1999 Incentive Program (the `Program') pursuant to which various types
of awards may be made. In June 1999,  the  directors of the Company  adopted the
1999  Non-Qualified  Stock  Option  Plan (the  "Plan")  pursuant  to which  only
non-qualified stock option may be granted.

Under the Company's stock incentive  plans,  the Company may grant stock options
and  incentive  awards to  executives,  directors  and  employees as a method of
boosting  motivation to further the Company's  success and increase  shareholder
value.  Incentive or  non-qualified  stock  options  granted under the Company's
plans may be exercised up to 10 years from the date the options were granted and
vest over a period  of up to two (2)  years.  Certain  options  granted  in 1999
became  exercisable  immediately.  Option holders are required to tender cash or
shares  of the  Company's  common  stock  that  they  already  own  equal to the
aggregate  exercise  price of the  options  at the time of  exercise.  The total
number of shares outstanding pursuant to options granted under the plans may not
exceed 15% of the total number of outstanding  shares of the Company at any time
and the total  number of option  shares that may be granted  under each plan may
not exceed  1,000,000.  At June 30,  2000,  the number of shares  available  for
future awards under the Company's plans were 547,862 shares. For the three month
and six month period ended June 30, 2000,  the Company  recognized  compensation
expense of $504,000  and  $1,008,000,  respectively,  relating to the  intrinsic
value at the date of grant of certain options.

Note 10: Subsequent Event

Secondary Listing in Singapore

The  Company,  in May  2000,  obtained  approval  from  the  Singapore  Exchange
Securities Trading Limited ("SGX") for secondary listing of the Company's common
stock on the Stock Exchange of Singapore.


Joint Venture and Shareholders' Agreement

On April 27, 2000, the Company's  subsidiary,  TSB, entered into a Joint Venture
and  Shareholders'  Agreement  with three  other  parties  (the  "Joint  Venture
Agreement") to form a joint venture for the purpose of undertaking  and engaging
in the business of providing  Electronic  Delivery Services to, and as a Service
Provider for, the  Electronic  Government  Project in Malaysia.  Under the Joint
Venture  Agreement,  the Company is obligated to subscribe  for 35% of the total
issued  and paid up  capital  of the Joint  Venture  Company  which  amounts  to
Malaysian  Ringgit  ("RM")  350,000 or  approximately  $92,000.  Pursuant to the
agreement, the Company is to undertake a lead role in the planning,  management,
organization  and  implementation  of the  Electronic  Data Services and Service
Provider  for  the  Electronic  Government  Project.  The  first  phase  of  the
Electronic  Government  Project is targeted to be completed in the first quarter
of year 2001.

                                       9
<PAGE>

                                  MYWEB INC.COM

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)


Note 11: Management Plans

The Company is continuing to pursue leads for additional possible investors. The
Company believes that with additional funds, it will be able to meet its current
expenditure requirements and achieve its targets as mentioned below for the year
2000.  Any  additional  funds  raised will  determine  the speed with which such
operations are pursued.

The  Company's  management  targets 2001 for achieving  breakeven  status of its
Asian  operations  by expanding  its services in the emerging  Asian  markets in
which it currently operates.  Recently, the Company has expanded its services to
include system  integration  services and e-commerce  consultancy  services,  in
addition to its  established  operations,  to  capitalize on the demand for such
services in the Asian region. By providing a range of integrated  services along
with running its portal services in the emerging markets, the Company expects to
obtain a competitive edge over its competitors in its operating markets.

                                       10
<PAGE>


ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS

          THE FOLLOWING  ANALYSIS OF THE OPERATIONS  AND FINANCIAL  CONDITION OF
THE  COMPANY  SHOULD  BE READ IN  CONJUNCTION  WITH THE  CONDENSED  CONSOLIDATED
FINANCIAL  STATEMENTS,  INCLUDING THE NOTES  THERETO,  OF THE COMPANY  CONTAINED
ELSEWHERE IN THIS FORM 10-QSB.

Overview

The Company was inactive  during 1997 and 1998.  In February  1999,  the Company
acquired all of the capital  stock of  TecnoChannel  Technologies  Sdn.  Bhd., a
Malaysian corporation ("TSB").

TSB,  which was formed in April 1997 and operates  under the trade name "MyWeb",
has  developed  with  Philips  Consumer  Electronics  set-top  boxes that enable
Internet  access via the  television  set.  The boxes,  which  utilize  software
developed  by TSB, are marketed  and sold by third  parties,  primarily  Philips
Consumer  Electronics.  In addition,  TSB has  developed  and provides  enabling
technologies  to   manufacturers   and  Internet   service   providers   serving
non-personal  computer  devices  (such as the  set-top  boxes)  to  enhance  the
functionalities  of such devices.  TSB also operates  multiple  Internet portals
providing localized interactive  applications,  such as e-commerce,  to users of
both personal computers and set-top boxes. The Company has recently expanded the
services in its Asian  operations  to include  system  integration  services and
e-commerce consultancy services to capitalize on the demand for such services in
the Asian markets.

The  Company's  current  business  plan is to devote all of its resources to the
development and expansion of TSB's business in China and other emerging  markets
that have the following characteristics:  a high percentage of television usage;
a high level of consumer  demand for the Internet;  a low percentage of personal
computer use; a low level of personal computer literacy; a high cost of personal
computers; and a pre-existing cable and telecommunications  infrastructure.  The
Company is also  providing a range of integrated  services  along with operating
its portals to obtain a competitive  edge over its  competitors  in the emerging
markets in which it operates.

On February 22, 2000,  the Company  entered into an agreement  with Asia Infonet
Co., Ltd., an Internet service provider in Thailand,  to jointly  distribute and
market a co-branded  portal in Thailand,  localized in Thai language.  Under the
terms of the agreement,  Asia Infonet has agreed to provide consumers with local
access to the MyWeb  portal  and  allow the  Company access to its  distribution
channels,  at no cost, to distribute  and/or market MyWeb products.  The Company
has agreed to provide  logos and icon links to Asia  Infonet's  websites  on its
portal.

On February 15, 2000, the Company  entered into a license and service  agreement
with MyWeb  Americas,  Inc.  ("MyWeb  Americas"),  an  affiliated  company.  The
agreement  allows  MyWeb  Americas  to  develop,  offer and  promote  television
Internet access and Spanish and Portuguese versions of the MyWeb Online Services
to markets in Latin  America.  Under the  agreement,  MyWeb Americas may use the
Company's  Thunder and  Thunderserve  software,  and its  intellectual  property
rights  relating  to the MyWeb  Online  Service,  and may also  sub-license  and
promote the Company's  technology within the Latin American markets. The Company
launched its MyWeb Online  Services in Brazil in the second quarter of 2000. The
Company  plans on  expanding  its portal  services  to other key Latin  American
markets during the coming months and management  anticipates  that such services
will be ready by the end of 2000.

                                       11
<PAGE>

As discussed below, the three month period ended June 30, 2000 was characterized
by increased  revenues offset by increased  expenses incurred in connection with
the Company's operations in China and for professional fees incurred in relation
to the Company's  application  for a secondary  listing on the Stock Exchange of
Singapore.  The  Company  believes it is well placed to capture a portion of the
Internet users in China and other emerging markets through the deployment of the
set-top boxes, as they offer easy and affordable Internet access compared to PCs
for which prices remain high relative to average  income levels in such markets.
The Company has entered into strategic  alliances  with local Chinese  partners,
i.e.,  manufacturers,  content providers and Internet service providers, for the
deployment  of the set-top  boxes,  and for the MyWeb  localized  portal site in
China.  The Company has  continued  on its brand  building  strategy in China by
advertising  and promoting its MyWeb brand.  The Company  expects to continue to
incur operating  losses for the year 2000 in China and other emerging markets in
which it  operates.  However,  the  Company  is aiming to break even in 2001 by,
among other things,  capitalizing  on the growing demand for system  integration
and  e-commerce  consultancy  services in Asia by providing and  expanding  such
services in its Asian operations.

The Company has a limited  operating history upon which to base an evaluation of
its business and prospects. The Company has yet to achieve significant revenues,
and the  Company's  ability to  generate  significant  revenues in the future is
uncertain.  Further, in view of the rapidly evolving nature of this business and
the Company's limited operating  history,  it is not possible to forecast future
revenues. The Company believes,  therefore, that period-to-period comparisons of
its financial results are not necessarily  meaningful,  and investors should not
rely on them as an indication of future performance.

The Company's  business and prospects  must be considered in light of the risks,
expenses and  difficulties  frequently  encountered  by companies in their early
stages  of  development,  particularly  companies  in new and  rapidly  evolving
markets such as the Internet and e-commerce. In addition, the Company's revenues
depend  substantially upon the level of activity on its Internet  properties and
its ability to successfully  create brand name awareness and market  recognition
for its products and services.  Although the Company has  experienced  growth in
its  revenues  since  our  merger  with TSB in  February  1999,  there can be no
assurance  that its  revenues  will  continue at their  current rate or that the
Company will be able to operate profitably.


                                       12
<PAGE>

COMPARISON  OF THE THREE  MONTHS  ENDED JUNE 30, 2000 TO THE THREE  MONTHS ENDED
JUNE 30, 1999.

Revenues

Revenues were $1.62 million,  including $19,000 of interest and other income, in
the three month period ended June 30, 2000 (the "2000 Second Quarter")  compared
to $482,000,  including  $34,000 of interest  income,  in the three month period
ended June 30, 1999 (the "1999  Second  Quarter").  The  increase in revenues of
236% in the 2000  Second  Quarter as  compared  to the 1999  Second  Quarter was
primarily due to e-commerce  transactions.  Revenues for the 2000 Second Quarter
consisted primarily of e-commerce  transactions of $1.48 million and advertising
and design work of $108,000.  No customer  accounted  for more than 10% of total
revenues during the 2000 Second Quarter. No customer accounted for more than 10%
of total revenues  during the 1999 Second Quarter except for Pemasaran Jaya Mas,
Saw  Beng  Swee,  Visan  Holdings,  Sunshine  Beauty  Marketing  and  Multivalue
Marketing.

Cost of Sales

Cost of sales was $1.12 million in the 2000 Second Quarter  compared to $556,000
in the 1999 Second  Quarter.  The  increase in cost of sales of 101% in the 2000
Second  Quarter  compared to the 1999 Second  Quarter was due to the increase in
cost of sales for e-commerce  transactions  and  advertising  and design work in
line with the increase in revenue.

Total Operating Expenses

Total operating  expenses were $2.50 million in the 2000 Second Quarter compared
to $837,000 in the 1999 Second Quarter. The increase in total operating expenses
of 198% in the 2000  Second  Quarter  compared  to the 1999  Second  Quarter was
primarily  attributable  to an increase  in sales and  marketing  expenses  from
$426,000 in the 1999 Second  Quarter to $898,000 in the 2000 Second  Quarter and
general and administration  expenses from $315,000 in the 1999 Second Quarter to
$1.52 million in the 2000 Second Quarter.

Sales and  marketing  expenses  consisted  primarily  of employee  compensation,
advertising  and other  promotion/marketing  related  expenses.  The increase in
absolute  dollars from the 1999 Second is primarily  attributable to an increase
in  personnel,   the  costs  associated  with  the  Company's   advertising  and
promotion/marketing related expenses in China and employee related expenses.

General administration  expenses increased 383% from $315,000 in the 1999 Second
Quarter to $1.52  million in the 2000  Second  Quarter.  General  administration
expenses  in  the  2000  Second   Quarter   consisted   primarily   of  employee
compensation,  employee related expenses and fees for professional services. The
increase in absolute  dollars from the 1999 Second Quarter is primarily a result
of an increase in employee compensation and an increase in fees for professional
services primarily related to the Company's  application for a Secondary Listing
on the Singapore Stock Exchange  amounting to  approximately  $470,000 and other
operational expenses.

Net Loss

The Company recorded a net loss of $2.06 million or $0.18 per share for the 2000
Second  Quarter  compared  to a net loss of  $911,000 or $0.09 per share for the
1999 Second Quarter. The increase in net loss was primarily  attributable to the
increase  in  cost  of  revenue,  advertising  and  promotion/marketing  related
expenses,  especially  in the  Company's  operations  in  China,  as  well as an
increase in personnel,  employee compensation expenses and fees for professional
services.  This was offset by the increase in revenue in the 2000 Second Quarter
compared to the 1999 Second Quarter.


                                       13
<PAGE>

COMPARISON  OF THE SIX MONTHS  ENDED JUNE 30, 2000 TO THE SIX MONTHS  ENDED JUNE
30, 1999

Total Revenue

Revenues  increased  from  $926,000 in the six month  period ended June 30, 1999
(the "1999  Period") to $3.04  million,  including  interest and other income of
$56,000,  in the six month  period ended June 30, 2000 (the "2000  Period"),  an
increase of 229%. This increase was attributable to e-commerce  transactions and
advertising and design work. Revenues for the 2000 Period consisted primarily of
e-commerce  transactions  of $2.75  million and  advertising  and design work of
$196,000.  No customer  accounted for more than 10% of total revenues during the
2000 Period.  No customer  accounted for more than 10% of total revenues  during
the 1999 Period except for Pemasaran Jaya Mas, Saw Beng Swee, Visan Holdings and
Sunshine Beauty Marketing.


Cost of Sales

Cost of sales increased from $951,000 in the 1999 Period to $2.41 million in the
2000 Period,  an increase of 154%.  The increase in cost of sales was  primarily
due to the cost of goods for e-commerce  transactions and advertising and design
work in the 2000  Period  in line with the  increase  in  revenue  over the same
period.

Total Operating Expenses

Total operating expenses increased 312% from $1.14 million in the 1999 Period to
$4.70 million in the 2000 Period. The increase was primarily  attributable to an
increase in sales and  marketing  expenses  from  $467,000 in the 1999 Period to
$1.91   million  in  the  2000  Period,   an  increase  of  309%,   and  general
administration expenses from $567,000 in the 1999 Period to $2.44 million in the
2000 Period, an increase of 330%.

Sales and  marketing  expenses  consisted  primarily  of employee  compensation,
advertising  and other  promotion/marketing  related  expenses.  The increase in
absolute  dollars from the 1999 period is primarily  attributable to an increase
in personnel costs and the costs  associated with the Company's  advertising and
promotion/marketing related expenses in China and employee related expenses.

Product development  expenses increased 221% from $108,000 in the 1999 Period to
$347,000 in the 2000 Period. Product development expenses consisted primarily of
employee compensation relating to developing and enhancing features of the MyWeb
online  service  properties.  The  increase in absolute  dollars is  primarily a
result of the  increase in the number of engineers  responsible  for the product
development and employee related expenses.

General administration  expenses increased 330% from $567,000 in the 1999 Period
to $2.44 million in the 2000 Period. General  administration  expenses consisted
primarily of employee compensation,  employee related expenses,  amortization of
goodwill and fees for professional services. The increase in absolute dollars is
primarily a result of an increase in  employee  compensation,  goodwill  expense
amortized and an increase in fees for professional  services,  primarily related
to the Company's  application  for a Secondary  Listing on the  Singapore  Stock
Exchange amounting to approximately $700,000 and other operational expenses.


                                       14
<PAGE>

Net Loss

The Company recorded a net loss of $4.15 million or $0.37 per share for the 2000
Period  compared  to net loss of $1.17  million  or $0.12 per share for the 1999
Period.  The increase in net loss was primarily  attributable to the increase in
cost of revenue, advertising and promotion/marketing related expenses especially
in the  Company's  operations  in China,  as well as the increase in  personnel,
employee compensation expenses and fees for professional services.

Liquidity and Capital Resources

At June  2000,  the  Company  had cash and cash  equivalents  totaling  $858,000
compared to $3.8 million at June 30, 1999. Cash used in operating  activities of
$2.66  million for the six months ended June 30, 2000 was  primarily  due to the
net loss of $4.15 million for the 2000 Period. Cash used in investing activities
was $195,000 for the 2000 Period  compared to cash used in investing  activities
of $135,000 for the 1999 Period.  The capital  expenditures  of $219,000 for the
2000 Period  consisted  primarily  of the  purchases  of computer  hardware  and
software and office  equipment.  Cash provided by financing  activities of $1.36
million  during the 2000  Period was  primarily  from  share  application  money
received from  investors and  short-term  borrowings  while $116,000 was used to
repay the amount due to directors.

The Company  completed a private placement of 250,000 shares of its common stock
on March 23, 2000 for aggregate proceeds of $2.5 million. Under the terms of the
agreement,  the Company has  received  $1.0  million on April 4, 2000 and was to
receive a further $1.5  million on or before June 15, 2000.  The Company and the
investor have agreed to defer the payment of the  remaining  $1.5 million of the
investment until the fourth quarter of 2000.

The Company has also entered into a Licensing and Shareholder  Agreement,  dated
March 29, 2000 (the "Adgator Agreement"),  with Adgator.com Co., Ltd and Adgator
Inc. (collectively,  "AC/AI").  Under the terms of the Adgator Agreement,  AC/AI
has agreed to  purchase,  and the  Company  has agreed to sell to AC/AI,  within
three  (3)  months  of the  date of the  agreement,  $1.0  million  worth of the
Company's  common  stock at a price per share equal to a 30% discount of the one
week  average  price  from  the   agreement   date.   The  Company   received  a
non-refundable deposit of $100,000 from AC/AI in April 2000. The Company has not
received  the  remaining  $900,000  as of August 14,  2000.  AC/AI has  verbally
requested postponement of payment but no fixed date of payment has yet been set.

The Company is continuing to pursue leads for additional possible investors. The
Company believes that with additional funds, it will be able to meet its current
expenditure requirements and achieve its targets as mentioned below for the year
2000. Any additional  funds raised will determine the speed with such operations
are pursued.

The  Company's  management  targets 2001 for achieving  breakeven  status of its
Asian  operations  by expanding  its services in the emerging  Asian  markets in
which it currently operates.  Recently, the Company has expanded its services to
include system  integration  services and e-commerce  consultancy  services,  in
addition to its  established  operations,  to  capitalize on the demand for such
services in the Asian region. By providing a range of integrated  services along
with running its portal services in the emerging markets, the Company expects to
obtain a competitive edge over its competitors in its operating markets.


                                       15
<PAGE>

                                     PART II
                                OTHER INFORMATION


ITEM 1.       LEGAL PROCEEDINGS

                  None

ITEM 2.       CHANGES IN SECURITIES

         No securities  that were not  registered  under the  Securities  Act of
1933, as amended (the "Act") were issued or sold by the Company during the three
months ended June 30, 2000.


ITEM 3.       DEFAULTS UPON SENIOR SECURITIES

                  None

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

                  None

ITEM 5.       OTHER INFORMATION

         The Company, in May 2000, obtained approval from the Singapore Exchange
Securities Trading Limited for a secondary listing of the Company's common stock
on the Stock Exchange of Singapore.

         Also, in May 2000,  the Board of Directors of the Company (the "Board")
was increased and set at seven (7), with  Kasiviswanathan  Shanmugam and Dr. Boh
Soon Lim elected to the Board to serve until their  successors  are duly elected
and qualified.


ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K

         (a)   Exhibits

               10.68  Joint Venture and Shareholders' Agreement, dated April 27,
                      2000,  by and among  Asia  Internet  Holdings  Sdn.  Bhd.,
                      Daiichi  Industries  Bhd., SFI Solutions (M) Sdn. Bhd. and
                      TecnoChannel   Technologies   Sdn.  Bhd.,  a  wholly-owned
                      subsidiary of the Company.

               27.1   Financial Data  Schedule for the Six Months Ended June 30,
                      2000.


           (b)   Reports on Form 8-K

               None

                                       16
<PAGE>

                                   SIGNATURES

         In accordance with the  requirements of the Securities  Exchange Act of
1934,  the  Registrant has duly caused this Report to be signed on its behalf by
the undersigned, hereunto duly authorized.

                                            MYWEB INC.COM
                                            (Registrant)


                                            By: /s/ Nin Contreras
                                               ---------------------------------
                                                Nin Contreras
                                                Chief Executive Officer

                                            By: /s/ Roger Koh
                                               ---------------------------------
                                                Roger Koh
                                                (Acting Chief Financial Officer)

Date: August 18, 2000