<PAGE>
<PAGE>

================================================================================

                       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 MARCH 31, 1999
 
                            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 0-23462

                            ------------------------
 
                                 MY WEB INC.COM
       (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)
 
                            ------------------------
 
<TABLE>
<S>                                                       <C>
              NEVADA                                           88-0207089
   (STATE OR OTHER JURISDICTION                              (IRS EMPLOYER
 OF INCORPORATION OR ORGANIZATION)                         IDENTIFICATION NO.)
</TABLE>
 
                712 FIFTH AVENUE, 7TH FLOOR, NEW YORK, NY 10019
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
 
         ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE (212) 582-3400
 
                            ------------------------

     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 May 14, 1999, the
registrant had 10,571,606 shares of Common Stock outstanding.
 
     Transitional Small Business Disclosure Format (check one): Yes    No  X 
                                                                   ---    ---

================================================================================






<PAGE>
<PAGE>

                                 MY WEB INC.COM

                                  FORM 10-QSB
                      FOR THE QUARTER ENDED MARCH 31, 1999
 
                                     INDEX
 
<TABLE>
<CAPTION>
                                                                                                         PAGE
                                                                                                        NUMBER
                                                                                                        ------

<S>            <C>                                                                                      <C>
Part I Financial Information
     Item 1    Condensed Consolidated Balance Sheets at March 31, 1999 and at                              3
                 December 31, 1998...................................................................
               Condensed Consolidated Statements of Operations for the Three Month Periods Ended
                 March 31, 1999 and March 31, 1998...................................................      4
               Condensed Consolidated Statements of Cash Flows for the Three Month Periods Ended
                 March 31, 1999 and March 31, 1998...................................................      5
               Notes to Condensed Consolidated Financial Statements..................................      6
               Pro Forma Consolidated Balance Sheet as of March 31, 1999.............................      8
     Item 2    Management's Discussion and Analysis..................................................     11
 
Part II
     Item 1    Legal Proceedings.....................................................................     13
     Item 2    Changes in Securities.................................................................     13
     Item 3    Defaults Upon Senior Securities.......................................................     13
     Item 4    Submission of Matters to a Vote of Security Holders...................................     13
     Item 5    Other Information.....................................................................     13
     Item 6    Exhibits and Reports on Form 8-K......................................................     13
</TABLE>
 
                                       2






<PAGE>
<PAGE>

                                 MY WEB INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                                                         MARCH 31,    DECEMBER 31,
                                                                                           1999           1998
                                                                                        ----------    ------------
                                                                                                      (PRO-FORMA)
<S>                                                                                     <C>           <C>
                                       ASSETS
Current assets:
     Cash and cash equivalents.......................................................   $  717,497     $   11,118
     Accounts receivable, net........................................................      456,171      1,100,492
     Prepaid expenses and other current assets.......................................      279,730          6,176
                                                                                        ----------    ------------
          Total current assets.......................................................    1,453,398      1,117,786
Property and equipment, net..........................................................       52,787         53,941
                                                                                        ----------    ------------
                                                                                        $1,506,185     $1,171,727
                                                                                        ----------    ------------
                                                                                        ----------    ------------
                        LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities:
     Accounts payable, trade.........................................................   $  711,607     $  419,154
     Other accounts payable..........................................................      298,179        355,287
     Due to directors................................................................       22,329         37,271
     Loans payable...................................................................      360,540        --
                                                                                        ----------    ------------
          Total current liabilities..................................................    1,392,655        811,712
                                                                                        ----------    ------------
Shareholders' equity:
     Common stock, par value $.01; authorized 100,000,000 shares; issued, 9,503,069
      shares in 1999 and 8,563,069 shares in 1998; outstanding 9,495,356 shares in
      1999 and 8,555,356 in 1998.....................................................       94,954         85,554
     Additional paid-in capital......................................................      885,009        885,009
     Retained earnings (deficit).....................................................     (132,712)       123,173
                                                                                        ----------    ------------
                                                                                           847,251      1,093,736
     Less: treasury stock, at cost...................................................      733,721        733,721
                                                                                        ----------    ------------
          Total shareholders' equity.................................................      113,530        360,015
                                                                                        ----------    ------------
                                                                                        $1,506,185     $1,171,727
                                                                                        ----------    ------------
                                                                                        ----------    ------------
</TABLE>
 
                                       3


 

<PAGE>
<PAGE>

                                 MY WEB INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                                                           FOR THE THREE MONTHS
                                                                                              ENDED MARCH 31,
                                                                                         -------------------------
                                                                                            1999          1998
                                                                                         ----------    -----------
                                                                                                       (PRO-FORMA)
<S>                                                                                      <C>           <C>
Revenues:
     Net sales........................................................................   $1,186,308     $ 105,462
     Interest.........................................................................        8,101        --
                                                                                         ----------    -----------
          Total revenues..............................................................    1,194,409       105,462
                                                                                         ----------    -----------
Costs and expenses:
     Cost of sales....................................................................      395,193        20,739
     Sales and marketing..............................................................      791,526        56,796
     Product development..............................................................       11,865        13,035
     General administration...........................................................      251,710        41,861
                                                                                         ----------    -----------
          Total costs and expenses....................................................    1,450,294       132,431
                                                                                         ----------    -----------
Loss before income taxes..............................................................     (255,885)      (26,969)
Income taxes..........................................................................       --            --
                                                                                         ----------    -----------
Net loss..............................................................................   $ (255,885)    $ (26,969)
                                                                                         ----------    -----------
                                                                                         ----------    -----------
Loss per share........................................................................      $(.03)        $(.00)
                                                                                            -----         -----
                                                                                            -----         -----
Average number of common shares outstanding...........................................    8,868,689     9,055,356
                                                                                          ---------     ---------
                                                                                          ---------     ---------
</TABLE>
 
                                       4

 

<PAGE>
<PAGE>

                                 MY WEB INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                                                           FOR THE THREE MONTHS
                                                                                              ENDED MARCH 31,
                                                                                         -------------------------
                                                                                            1999          1998
                                                                                         ----------    -----------
                                                                                                       (PRO-FORMA)
<S>                                                                                       <C>          <C>
Cash flows from operating activities:
     Net loss..........................................................................   $(255,885)    $ (26,969)
     Adjustments:
          Depreciation.................................................................       1,154         1,154
          Common stock issuance for consulting services................................       4,400        --
     Working capital adjustments:
          (Increase) decrease in accounts receivable, trade............................     644,321       (60,039)
          (Increase) decrease in prepaids and other....................................    (273,554)       --
          Increase in accounts payable.................................................     235,345        57,106
                                                                                          ---------    -----------
          Cash flows from operating activities.........................................     355,781       (28,748)
                                                                                          ---------    -----------
Cash flows from investing activities:
     Acquisition of property and equipment.............................................      --           (17,614)
                                                                                          ---------    -----------
Cash flows from financing activities:
     Proceeds on issuance of common stock..............................................       5,000       210,526
     Repayments on due to directors....................................................     (14,942)     (168,938)
     Proceeds of loans payable.........................................................     360,540        --
                                                                                          ---------    -----------
     Cash flows from financing activities..............................................     350,598        41,588
                                                                                          ---------    -----------
Increase (decrease) in cash and cash equivalents.......................................     706,379        (4,774)
Cash balance, beginning................................................................      11,118        55,656
                                                                                          ---------    -----------
Cash balance, end......................................................................   $ 717,497     $  50,882
                                                                                          ---------    -----------
                                                                                          ---------    -----------
Supplementary data:
     Interest income received in operations............................................   $   8,101     $   --
                                                                                          ---------    -----------
                                                                                          ---------    -----------
</TABLE>
 
                                       5

 

<PAGE>
<PAGE>


                                 MY WEB INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
 
NOTE 1: BASIS OF PRESENTATION
 
     The accompanying financial statements report the consolidated accounts of
My Web Inc.com, (formerly Asia Media Communications, Ltd.) and its newly
acquired subsidiary, Tecnochannel Technologies, Sdn. Bhd. (a Malaysian
corporation). Pursuant to the acquisition described in Note 4 hereto, the
Company has treated the transaction as a reverse acquisition and, accordingly,
has reported the pro forma effect in the 1998 statements in order to achieve
comparability in its operations and cash flows. The Company was incorporated on
February 20, 1985 pursuant to the laws of the State of Nevada, and presently has
its administrative office located in New York, New York and operations offices 
in Kuala Lampur and Beijing.
 
NOTE 2: UNAUDITED FINANCIAL STATEMENTS
 
     The consolidated financial statements as of March 31, 1999, and for the
period ended March 31, 1999 and 1998, 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. The 1998 presentation as
pro-forma gives effect to the reverse acquisition in February, 1999, in order to
provide comparability in the presentation of operations and cash flows. In
addition, the results of operations for the interim period 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.
 
NOTE 3: STOCK SPLIT
 
     On February 23, 1999, the Company effected a 1 (one) for 100 (one hundred)
reverse split of its outstanding common stock. Accordingly, the Company reduced
its common stock balance by $54,802 and transferred the amount to additional
paid-in capital. All references to common shares are based on the post split
amounts.
 
NOTE 4: ACQUISITION
 
     On February 24, 1999, the Company acquired 100% of the issued and
outstanding capital stock of Tecnochannel Technologies, Sdn. Bhd. a Malaysian
corporation ('TSB'), 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.
 
     TSB, which was formed in April, 1997 and operates under the trade name, 'My
Web,' has developed with Philips Consumer Electronics set-top boxes that enable
Internet access via the television set. The boxes are marketed and sold by
Philips and include software developed by TSB and Sun Microsystems.
Approximately 15,000 of the boxes are installed in Malaysia and Singapore. 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 the My Web Online Service which is an Internet portal providing
interactive applications, such as e-commerce, to both personal computer users
and set-top box users.
 
     The Company accounted for the acquisition as a purchase under a reverse
acquisition procedure whereby TSB's operations and retained earnings are
reported as continuous.
 
NOTE 5: EXERCISES OF COMMON STOCK WARRANT
 
     In February 1999, Ocean Strategic Holdings Limited ('OSHL'), exercised its
right to purchase 500,000 common stock shares at $.01 per share pursuant to a
warrant to purchase up to 1,000,000 common shares acquired in August, 1997 for
an aggregate consideration of $50,000 in cash. On April 1,
 
                                       6
 

<PAGE>
<PAGE>

                                 MY WEB INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
      NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED)
 
1999, OSHL exercised its right under such warrant to purchase an additional
400,000 common shares at $.01 per share.

NOTE 6: SUBSEQUENT EVENTS
 
Private placement completion:
 
     In May, 1999, the Company completed a private placement for the sale of
526,250 shares of its common stock with aggregate proceeds amounting to
$3,780,000. The Company intends to utilize these funds in the future development
of the business described in the acquisition above.
 
Exercise of stock option:
 
     In May 1999, a non-qualified stock option under the Company's 1999
Incentive Program described in Note 7 below was granted and exercised to
purchase 150,000 shares of the Company's common stock at $6.00 per share, or an
aggregate of $900,000.
 
NOTE 7: 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
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.
 
Agreement:
 
     The Company executed a public relations consulting agreement which has a
six month term to provide such services as defined therein. The Company is
charging approximately $327,000 of advanced fee over the agreement term.
Approximately $272,000 is deferred as of March 31, 1999 and will be charged to
operations over the five remaining months. Such fees included the preparation
of product and corporate literature, as well as services related to media
distribution.
 
1999 Incentive Program:
 
     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. The aggregate number of common stock shares that may be
issued or transferred under the Program is 1,000,000 subject to certain
adjustments, provided that no award may be made under the Program that would
bring the total of all outstanding awards under the Program to more than 15% of
the total common stock shares then outstanding. No awards under the Program were
made during the three months ended March 31, 1999. An award was made and
exercised in May 1999. See Note 6 above.
 
                                       7

<PAGE>
<PAGE>

           PRO FORMA CONSOLIDATED BALANCE SHEET AS OF MARCH 31, 1999
 
     The Company's unaudited pro forma consolidated balance sheet as of 
March 31, 1999 gives effect to subsequent transactions which have a bearing on 
the historical consolidated statement reported in the accompanying 10-QSB. 
Included herein the Company is reporting the completion, in May, 1999, of a 
private placement of 526,250 shares of common stock as a result of which the 
Company received total proceeds of $3,780,000, the exercise of an option to 
purchase 150,000 shares of the Company's common stock at $6.00 per share as a 
result of which the Company received a total of $900,000 and the exercise of a 
warrant to purchase 400,000 shares of the Company's common stock at $.01 per 
share or a total of $4,000. The pro forma information is not necessarily 
indicative of the results that would have been reported had such events 
occurred during the period specified nor is it indicative of the Company's 
future results.
 
                                        8

<PAGE>
<PAGE>
                                 MY WEB INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                      PRO-FORMA CONSOLIDATED BALANCE SHEET
                              AS OF MARCH 31, 1999
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                                                  PRO-FORMA ADJUSTMENTS
                                                        HISTORICAL     --------------------------------------------      PRO-FORMA
                                                       CONSOLIDATED             DR                      CR              CONSOLIDATED
                                                       ------------    --------------------    --------------------     ------------
<S>                                                    <C>             <C>                     <C>                      <C>
                       ASSETS
Current assets:
                                                                               [2]  900,000
                                                                               [1]3,419,460
     Cash and cash equivalents......................    $  714,497             [3]    4,000                              $5,040,957
     Accounts receivable............................       456,171                                                          456,171
     Prepaid expenses & other.......................       279,730                                                          279,730
                                                        ----------                ---------               ---------      ----------
          Total current assets......................     1,453,398                4,323,460                               5,776,858
Property & equipment................................        52,787                                                           52,787
                                                        ----------                ---------               ---------      ----------
                                                        $1,506,185                4,323,460                              $5,829,645
                                                        ----------                ---------               ---------      ----------
                                                        ----------                ---------               ---------      ----------
         LIABILITY AND SHAREHOLDERS' EQUITY
Current liabilities:
     Accounts payable...............................    $  711,607                                                       $  711,607
     Other accounts payable.........................       298,179                                                          298,179
     Due to directors...............................        22,329                                                           22,329
     Loans payable..................................       360,540             [1]  360,540                                   --
                                                        ----------                ---------               ---------      ----------
          Total current liabilities.................     1,392,655                  360,540                               1,032,115
                                                        ----------                ---------               ---------      ----------
Shareholders' equity:                                                                                  [3]    4,000
                                                                                                       [2]    1,500
          Common stock..............................        94,954                                     [1]    5,263         105,717
          Additional paid in capital................       885,009                                     [2]  898,500       5,558,246
                                                                                                       [1]3,774,737
     Retained earnings (deficit)....................      (132,712)                                                        (132,712)
                                                        ----------                ---------               ---------      ----------
                                                           847,251                    --                  4,684,000       5,531,251
     Less: treasury stock...........................      (733,721)                                                        (733,721)
                                                        ----------                ---------               ---------      ----------
          Total shareholders' equity................       113,530                    --                  4,684,000       4,797,530
                                                        ----------                ---------               ---------      ----------
                                                        $1,506,185                  360,540               4,684,000      $5,829,645
                                                        ----------                ---------               ---------      ----------
                                                        ----------                ---------               ---------      ----------
</TABLE>
 
                                        9

<PAGE>
<PAGE>

              PRO FORMA ADJUSTMENTS TO THE CONSOLIDATED HISTORICAL
                       BALANCE SHEET AS OF MARCH 31, 1999
 
[1] Effects the completion of the private placement in May, 1999 for the sale of
    526,250 shares of the Company's common stock with aggregate proceeds
    amounting to $3,780,000.
 
[2] Effects the exercise of an option to purchase 150,000 shares of the
    Company's common stock at $6.00 per share or a total price of $900,000. The
    exercise of the option was in May, 1999.
 

[3] Effects the exercise of a warrant to purchase 400,000 shares of the 
    Company's common stock at $.01 per share or a total of $4,000. The exercise
    was in April 1999.




                                       10

<PAGE>
<PAGE>

ITEM 2. MANAGMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
 
     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 1998 and until February 1999 when it
acquired all of the capital stock of Tecnochannel Technolgies Sdn, Bhd., a
Malaysian corporation ('TSB').
 
     TSB, which was formed in April, 1997 and operates under the trade name, 'My
Web,' has developed with Philips Consumer Electronics set-top boxes that enable
Internet access via the television set. The boxes are marketed and sold by
Philips and include software developed by TSB and Sun Microsystems.
Approximately 15,000 of the boxes are installed in Malaysia and Singapore. 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 the My Web Online Service which is an Internet portal providing
interactive applications, such as e-commerce, to both personal computer users
and set-top box users.
 
     The Company's current business plan is to devote all of its resources to
the development and expansion of TSB's business.
 
RESULTS OF OPERATIONS
 
     Total revenues were $1,194,409, including $8,101 of interest income, for
the three-month period ended March 31, 1999 (the '1999 Period') and $105,462 for
the three-month period ended March 31, 1998 (the '1998 Period'), an increase of
1,025%. Such increase was primarily attributable to the commencement of sales
of TSB's products and services in late fiscal 1997, the introduction of e- 
commerce in the 1999 Period and reflects the gaining of acceptance in the 
market place for such products and services.
 
     Cost of sales increased from $20,739 in the 1998 Period to $395,193 in the
1999 Period, an increase of 1,909%. Such increase reflects the corresponding
increase in sales in the 1999 Period and the expansion of services offered in 
the 1999 Period.
 
     Gross profit on sales increased from $84,723 in the 1998 Period to $791,115
in the 1999 Period, an increase of 834%. Such increase reflects the
corresponding increase in sales in the 1999 Period.
 
     Total operating expenses increased from $111,692 in the 1998 Period to
$1,055,101 in the Period, an increase of 850%.
 
     Selling expenses increased from $56,796 in the 1998 Period to $791,526 in
the 1999 Period, an increase of 1289%. Such increase is attributable to TSB's
increased marketing activities during the 1999 Period in connection with the
promotion of its products and services and obtaining a wider customer base.
 
     General and administrative expenses increased from $41,861 in the 1998
Period to $251,710 in the 1999 Period, an increase of 512%. Such increase is
primarily attributable to the expansion of TSB's operations during the 1999
Period, as well as fees incurred during the 1999 Period for financial public
relations.
 
LIQUIDITY AND CAPITAL RESOURCES
 
     As of March 31, 1999, the Company's principal sources of liquidity
consisted of cash of $717,497 and net accounts receivable of $456,171.
 
     In May 1999, a non-qualified stock option to purchase 150,000 shares of the
Company's common stock at $6.00 per share was exercised resulting in proceeds to
the Company of $900,000. Also in May 1999, the Company completed a private
placement of an aggregate of 526,250 shares of common stock for total proceeds
of $3,780,000.
 
                                      11

<PAGE>
<PAGE>

FORWARD LOOKING STATEMENTS
 
     This Form 10-QSB and other reports filed by the Company from time to time
with the Securities and Exchange Commission (collectively, the 'Filings')
contain or may contain forward-looking statements and information that are based
upon beliefs of, and information currently available to, the Company's
management, as well as estimates and assumptions made by the Company's
management.
 
     When used in the Filings, the words 'anticipate', 'believe', 'estimate',
'expect', 'future', 'intend', 'plan' and similar expressions, as they relate to
the Company or the Company's management, identify forward-looking statements.
Such statements reflect the current view of the Company with respect to future
events and are subject to risks, uncertainties and assumptions relating to the
Company's operations and results of operations and any businesses that may be
acquired by the Company. Should one more of these risks or uncertainties
materialize, or should the underlying assumptions prove incorrect, actual
results may differ significantly from those anticipated, believed, estimated,
expected, intended or planned.
 
                                      12

<PAGE>
<PAGE>

                                    PART II
                               OTHER INFORMATION
 
ITEM 1. LEGAL PROCEEDINGS
 
     None
 
ITEM 2. CHANGES IN SECURITIES
 
     1. On February 24, 1999, Registrant issued an aggregate of 8,500,000
        shares of its common stock to 15 individuals and entities in
        exchange for all of the issued and outstanding capital stock of
        Tecnochannel Technologies Sdn. Bhd., a Malaysian corporation, owned
        by such individuals and entities. All of such individuals and
        entities were accredited investors as defined in Regulation D. The
        shares were issued in reliance on the exemption from registration
        under Section 4(2) of the Securities Act of 1933, as amended (the
        'Act'). Appropriate legends were affixed to the share certificates
        in such transaction and all of the recipients had access to
        information regarding the Registrant.
 
     2. On February 24, 1999, Registrant issued an aggregate of 440,000
        shares of its common stock to GEM Ltd. as compensation for certain
        financial advisory services rendered in connection with the
        acquisition described in paragraph 1 above. The shares were issued
        in reliance on Regulation S and an appropriate legend was affixed
        to the share certificate issued in such transaction.
 
     3. On February 25, 1999, Registrant issued an aggregate of 500,000
        shares of its common stock to Ocean Strategic Holdings Limited
        ('OSHL') pursuant to the exercise of a warrant acquired by OSHL in
        August 1997, for an aggregate consideration of $5,000. The warrant
        and the shares issued upon exercise thereof were issued in reliance
        upon Regulation S.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES
 
     None
 
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
 
     A special meeting of the Company's stockholders was held on February
23, 1999, at which shareholders approved an amendment to the Company's Articles
of Incorporation to effect a one for 100 reverse split of the Company's
outstanding common stock and the adoption of the Company's 1999 Incentive
Program. Holders of 3,656,667 shares of the Company's common stock voted in
favor of such matters and no holder voted against or abstained on such matters.
Details on such matters are described in the Company's proxy statement dated
February 12, 1999.
 
 
ITEM 5. OTHER INFORMATION
 
     None
 
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
 
     (a) Exhibits
 
         27.1 Financial Data Schedule
 
     (b) Reports on Form 8-K
 
         (i) On March 11, 1999, the Company filed a report on Form 8-K
     reporting the acquisition of all of the capital stock of Tecnochannel
     Tecnologies Sdn. Bhd., a Malaysian corporation, and the related change in
     control.
 
         (ii) On May 10, 1999, the Company filed a report on Form 8-K/A
     containing the financial statements required in connection with the
     acquisition described in item (i) above.
 
                                       13

<PAGE>
<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.
 
                                                      MY WEB INC.COM
                                                       (Registrant)

 
Date: May 20, 1999                        By:       /s/ EDWARD J. TOBIN
                                             ...................................
                                                      EDWARD J. TOBIN
                                                          CHAIRMAN



 
                                       14



<PAGE>