<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 June 30, 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)

             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 10, 1999, the registrant
had 10,671,606 shares of Common Stock outstanding.

         Transitional Small Business Disclosure Format (check one):

 Yes        No  X
     ---       ---






<PAGE>




                                 MY WEB INC.COM
                                   FORM 10-QSB
                       For the Quarter Ended June 30, 1999

<TABLE>
<CAPTION>

                                                                                            Page
                           INDEX                                                            Number

<S>                                                                                         <C>
PART I  FINANCIAL INFORMATION

Item 1  Condensed Consolidated Balance Sheets at June 30, 1999 and at December 31, 1998       3
        Condensed Consolidated Statements of Operations for the three month periods
                 ended June 30, 1999 and June 30, 1998 and the six month periods
                 ended June 30, 1999 and June 30, 1998                                        4

        Condensed Consolidated Statements of Cash Flows for the six month periods
                 ended June 30, 1999 and June 30, 1998                                        5

        Notes to Condensed Consolidated Financial Statements                                  6

Item 2  Management's Discussion and Analysis                                                 10


PART II

Item 1  Legal Proceedings                                                                    14
Item 2  Changes in Securities                                                                14
Item 3  Defaults Upon Senior Securities                                                      15
Item 4  Submission of Matters to a Vote of Security Holders                                  15
Item 5  Other Information                                                                    16
Item 6  Exhibits and Reports on Form 8-K                                                     16

</TABLE>


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>




ITEM I.  FINANCIAL STATEMENTS

                                 MY WEB, INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)
<TABLE>
<CAPTION>

                                                                                                December
                                                                             June 30 ,          31, 1998
                                                                               1999            (Proforma)
                                                                            -----------       ------------
              Assets
<S>                                                                               <C>          <C>
Current Assets:
     Cash and cash equivalents                                                $ 3,815,517    $    11,118
     Accounts receivable, net                                                     430,541      1,100,492
     Inventories                                                                   43,338           --
     Prepaid expenses and other current assets                                    359,163          6,176
                                                                              -----------    -----------
         Total Current Assets                                                   4,648,559      1,117,786
                                                                              -----------    -----------
Property and equipment, net                                                       188,248         53,941
                                                                              -----------    -----------
                                                                              $ 4,836,807    $ 1,171,727
                                                                              -----------    -----------
     Liabilities and Shareholders' Equity
Current Liabilities:
     Accounts payable, trade                                                  $   585,905    $   419,154
     Other accounts payable                                                       288,129        355,287
     Due to directors                                                              75,162         37,271
                                                                              -----------    -----------
         Total Current Liabilities                                                949,196        811,712
                                                                              -----------    -----------
Shareholders' Equity:
     Common stock, par value $.01; authorized 100,000,000 shares; issued,
       10,679,319 shares in 1999 and 8,563,069 shares in 1998; outstanding
       10,671,606 shares in 1999 and 8,555,356 in 1998                            106,717         85,554
     Additional paid-in capital                                                 5,558,247        885,009
     Retained earnings (deficit)                                               (1,043,576)       123,173
     Currency translation adjustment                                                  (56)          --
                                                                              -----------    -----------
                                                                                4,621,332      1,093,736
     Less: Treasury stock, at cost                                                733,721        733,721
                                                                              -----------    -----------
         Total Shareholders' Equity                                             3,887,611        360,015
                                                                              -----------    -----------
                                                                              $ 4,836,807    $ 1,171,727
                                                                              ===========    ===========
</TABLE>

                                       3





<PAGE>



                                 MY WEB, INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                                   (UNAUDITED)


<TABLE>
<CAPTION>

                             For the Three Months Ended        For the Six Months Ended
                              June  30,        June 30,       June 30,          June 30,
                                1999            1998           1999               1998
                             -----------     -----------    -----------       -----------
                                             (Pro-forma)                      (Pro-forma)


<S>                              <C>                <C>         <C>                <C>
Revenues:
     Net Sales                $  1,698,326    $    149,534   $  2,884,634    $    254,996
     Interest and other             33,514            --           41,701            --
                              ------------    ------------    ------------   ------------
         Total Revenues          1,731,840         149,534      2,926,335         254,996
                              ------------    ------------    ------------   ------------
Costs and Expenses:
     Cost of sales                 555,630          36,434        950,823          57,173
     Sales and marketing         1,675,730          29,454      2,467,256          86,250
     Product development            96,502          14,670        108,367          27,705
     General administration        298,496          44,319        566,639          86,180
                              ------------    ------------    ------------   ------------
         Total Costs and
               Expenses          2,626,358         124,877      4,093,085         257,308
                              ------------    ------------    ------------   ------------
Income (Loss) before
   income  taxes                  (894,518)         24,657     (1,166,750)         (2,312)
Income taxes                          --              --             --              --
                              ------------    ------------    ------------   ------------
Net Income (Loss)                 (894,518)   $     24,657   $ (1,166,750)   $     (2,312)
                              ============    ============    ============   ============
Income (Loss) per share       $       (.09)   $        .00   $       (.12)   $       (.00)
                              ============    ============    ============    ============
Average number of
 common shares
outstanding (post split)        10,446,189       8,555,356      9,730,773       8,555,356
                              ============    ============    ============    ============
</TABLE>


                                       4





<PAGE>




                                 MY WEB, INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>

                                                                                For the Six Months Ended
                                                                                June 30,        June 30,
                                                                                    1999            1998
                                                                                ---------       ---------
                                                                                               (Pro-forma)

<S>                                                                              <C>             <C>
Cash Flows from Operating Activities:
     Net income (loss)                                                        $(1,166,750)       $(2,312)
     Adjustments:
         Depreciation                                                               8,684          5,967
         Currency exchange - unrealized                                             1,450           --
Common stock issuance for
              consulting services                                                   4,400           --
         Disposition of equipment                                                   3,251           --
         Shareholder debt forgiveness                                                --             --
Working Capital Adjustments:
         (Increase) Decrease in inventories                                       (43,338)          --
         (Increase) Decrease in accounts
              receivable, trade                                                   670,258        (90,503)
         (Increase) Decrease in prepaids
              and other                                                          (352,702)          --
         Increase in accounts payable                                             112,954         61,219
                                                                              -----------   -----------
     Cash Flows from Operating Activities                                        (761,793)       (25,629)
                                                                              -----------   -----------
Cash Flows from Investing Activities:
     Acquisition of property and equipment                                       (146,232)       (19,444)
                                                                              -----------   -----------
Cash Flows from Financing Activities:
     Proceeds on issuance of common stock                                       4,690,000        210,526
     Repayments on due to directors                                                22,424       (157,835)
                                                                              -----------   -----------
     Cash Flows from Financing Activities                                       4,712,424         52,691
                                                                              -----------   -----------
Increase in cash and cash equivalents                                           3,804,399          7,618
Cash balance, beginning                                                            11,118         55,656
                                                                              -----------   -----------
Cash balance, end                                                          $    3,815,517 $       63,274
                                                                           ============== ==============
Supplementary Data:
Interest income received in operations                                     $       40,423 $         --
                                                                           ============== ==============

</TABLE>

                                       5





<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 principal office located in
                           Malaysia, and other offices in New York, New York,
                           San Francisco, California and Beijing, China.

NOTE 2:       UNAUDITED FINANCIAL STATEMENTS

                           The consolidated financial statements as of June 30,
                           1999, and for the periods ended June 30, 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 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.

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.

                                       6





<PAGE>




                                 MY WEB, INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


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.

                           Tecnochannel, 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 Tecnochannel.
                           Approximately 18,000 of the boxes are installed in
                           Malaysia and Singapore. In addition, Tecnochannel 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. Tecnochannel 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 Tecnochannel's operations and retained
                           earnings are reported as continuous.




                                       7





<PAGE>





                                 MY WEB, INC.COM
                   (FORMERLY ASIA MEDIA COMMUNICATIONS, LTD.)
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE 5:       CERTAIN TRANSACTIONS

                           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.

                           Exercises of option and warrant:

                           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.

                           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, 1999,
                           OSHL exercised its right under such warrant to
                           purchase an additional 400,000 common shares at $.01
                           per share. As discussed in Note 7 below, on August 4,
                           1999, OSHL exercised its right to purchase the
                           remaining 100,000 shares under the warrant.

NOTE 6:       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.

                                       8





<PAGE>



                           Marketing Agreement:

                           The Company executed a public relations consulting
                           agreement which has a six month term to provide such
                           services defined therein. The Company is charging
                           approximately $327,000 of advanced fee over the
                           agreement term. Approximately $109,000 is deferred as
                           of June 30, 1999 and will be charged to operations
                           over the two 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 number of common stock shares at the
                           time outstanding. An award was made and exercised in
                           May 1999. See Note 6 above. In addition, in May 1999,
                           two options were granted for 125,000 shares each, one
                           exercisable in May 1999 at $17.10 per share (120% of
                           bid price) and the second option is exercisable in
                           November 1999 at 120% of the then bid price. The May
                           1999 option has not been exercised.

                           1999 Non-Qualified Stock Option Plan:

                           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. The aggregate number of common stock
                           shares that may be issued or transferred under the
                           Plan is 1,000,000 subject to certain adjustments,
                           provided that no option may be granted under the plan
                           that would bring the total of all outstanding options
                           under the Plan to more than 15% of the total of
                           common shares at the time outstanding. As of the
                           current date, no options have been granted under this
                           Plan.

NOTE 7:           SUBSEQUENT EVENT

                           On August 4, 1999, OSHL exercised its right to
                           purchase the remaining 100,000 common stock shares at
                           $.01 per share under a warrant to purchase up to
                           1,000,000 common stock shares acquired in August,
                           1997 for an aggregate consideration of $50,000 in
                           cash.

                                       9





<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 1998 and until February 1999,
when it 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, "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. Approximately 18,000
of the boxes have been 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 users of both personal computers (PCs) and
set-top boxes.

                  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 market countries where the cost of PCs, the principal alternative
connection to the Internet, is substantially higher than the Company's set-top
boxes.

                  As discussed below, the three month period ended June 30, 1999
was characterized by increased revenues offset by increased expenses incurred in
connection with the Company's entry into China. The Company believes it is well
placed to capture a portion of the Internet users in China through the
deployment of the set-top boxes, as they offer easy and affordable Internet
access compared to PCs whose prices remain high relative to average income
levels. 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 MyWeb's localized portal site
in China. The Company has also embarked on an aggressive brand building strategy
in China that has resulted in an increase in expenses primarily relating to the
cost of acquiring Internet users in China and advertising and promoting the My
Web brand. The Company expects to continue to incur losses during the roll out
of its products and services in China.

                                       10





<PAGE>





COMPARISON OF THE THREE MONTHS PERIOD ENDED JUNE 30, 1999 TO THE THREE MONTH
PERIOD ENDED JUNE 30, 1998 AND THE THREE MONTH PERIOD ENDED MARCH 31, 1999

Total Revenue

Revenues were $1,731,840, including $33,514 of interest and other income, in the
three month period ended June 30, 1999 (the "1999 Second Quarter") compared to
$1,194,409, including $8,101 of interest income, in the three month period ended
March 31, 1999 (the "1999 First Quarter"), and $149,534 in the three months
period ended June 30, 1998 (the "1998 Second Quarter"). The increase in revenues
in the 1999 Second Quarter as compared to the 1999 First Quarter was primarily
due to revenue from a software licensing agreement. The increase in revenues in
the 1999 Second Quarter as compared to the 1998 Second Quarter was primarily due
to software licensing revenue and e-commerce transactions, which commenced in
1999. No customer accounted for more than 10% of total revenues during the 1999
Second Quarter except for Net China and HKNet, which accounted for approximately
43% and 29%, respectively, of total revenues during such quarter. No customer
accounted for more than 10% of total revenues during the 1998 Second Quarter
except for Phillips Consumer Electronics (and subsidiaries thereof), which
accounted for approximately 56% of total revenues during such quarter.

Cost Of Revenue

Cost of revenues were $555,630 in the 1999 Second Quarter compared to $395,193
in the 1999 First Quarter, and $36,434 in the 1998 Second Quarter. The increase
in cost of revenue of 41% in the 1999 Second Quarter compared to the 1999 First
Quarter was due to an increase in software licensing costs. The increase in cost
of revenue of 1,425% in the 1999 Second Quarter compared to the 1998 Second
Quarter was primarily due to the cost of goods for e-commerce transactions and
the increase in software licensing costs.

Total Operating Expenses

Total operating expenses were $2,070,728 in the 1999 Second Quarter compared to
$1,055,101 in the 1999 First Quarter and $88,443 in the 1998 Second Quarter. The
increase was primarily attributable to an increase in sales and marketing
expenses to $1,675,730 in the 1999 Second Quarter from $791,526 in the 1999
First Quarter, an increase of 112%, and from $29,454 in the 1998 Second Quarter,
an increase of 5,589%.

Sales and marketing expenses consisted primarily of employee compensation, the
cost of acquiring internet users in Hong Kong and China, and advertising and
other promotion/marketing related expenses. The increase in absolute dollars
from the 1999 First Quarter and 1998 Second Quarter is primarily attributable to
an increase in personnel, the costs associated with the Company's aggressive
brand-building strategy in China and an increase in advertising and
promotion/marketing related expenses.

Product development expenses increased 713% from $11,865 in the 1999 First
Quarter to $96,502 in the 1999 Second Quarter, and increased 558% from $14,670
in the 1998 Second

                                       11





<PAGE>



Quarter. Product development expenses consist 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. The
Company has expensed, as incurred, all internal product development costs and
expects to incur increased product development costs in absolute dollars in
future periods to remain competitive.

General administration expenses increased 19% from $251,710 in the 1999 First
Quarter to $298,496 in the 1999 Second Quarter, and increased 574% from $44,319
in the 1998 Second Quarter. General administration expenses consist primarily of
employee compensation and fees for professional services, and the increase in
absolute dollars is primarily a result of an increase in personnel and increased
fees for professional services during the 1999 Second Quarter.

Net Profit (Loss)

The Company recorded a net loss of $894,518 or $0.09 per share for the 1999
Second Quarter compared to a net loss of $255,885 or $0.03 per share for the
1999 First Quarter. The increase in net loss was primarily attributable to the
increase in cost of revenues, advertising and promotion/marketing related
expenses, and investments in the Company's brand-building strategy in China.
This was offset by the increase in revenue in the 1999 Second Quarter compared
to the 1999 First Quarter.

Similarly, compared to the net profit of $24,657 in the 1998 Second Quarter, the
increase in net loss was primarily attributable to the increase in cost of
revenues, advertising and promotion/marketing related expenses, investments in
the Company's brand-building strategy in China and the roll out of MyWeb
services in China. This was offset by the increase in revenues in the 1999
Second Quarter compared to the 1998 Second Quarter.

                                       12





<PAGE>





COMPARISON OF THE SIX MONTHS PERIOD ENDED JUNE 30, 1999 TO THE SIX MONTHS PERIOD
ENDED JUNE 30, 1998

Total Revenue

Revenues increased from $254,996 in the six months period ended June 30, 1998
(the "1998 Period") to $2,926,335 in the six month period ended June 30, 1999
(the "1999 Period"), an increase of 1,048%. This increase was attributable to
software licensing revenue and e-commerce transactions which commenced in 1999.
Two customers, Net China and HKNet, accounted for approximately 51% and 17%,
respectively, of revenues during the 1999 Period while one customer, Phillips
Consumer Electronics (and subsidiaries thereof), accounted for approximately 33%
of revenue during the 1998 Period.

Cost Of Revenue

Cost of revenue increased from $57,173 in the 1998 Period to $950,823 in the
1999 Period, an increase of 1,563%. The increase in cost of revenue was
primarily due to the cost of goods for the e-commerce transactions and software
licensing costs in the 1999 Period.

Total Operating Expenses

Total operating expenses increased 1,470% from $200,135 in the 1998 Period to
$3,142,262 in the 1999 Period. The increase was primarily attributable to an
increase in sales and marketing expenses from $86,250 in the 1998 Period to
$2,467,256 in the 1999 Period, an increase of 2,760%.

The sales and marketing expenses consists primarily of the cost of acquiring
internet users in Hong Kong and China, and advertising and other
promotion/marketing related expenses. The increase in absolute dollars from the
1998 period is primarily attributable to the costs associated with the Company's
brand-building strategy in China and an increase in advertising and
promotion/marketing related expenses.

Product development expenses increased 291% from $27,705 in the 1998 Period to
$108,367 in the 1999 Period. Product development expenses consist 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. The Company has expensed, as incurred, all internal product
development costs and expects to incur increased product development costs in
absolute dollars in future periods to remain competitive.

General administration expenses increased 558% from $86,180 in the 1998 Period
to $566,639 in the 1999 Period. General administration expenses consist
primarily of employee compensation and fees for professional services. The
increase in absolute dollars is primarily a result of an increase in personnel
and increased fees for professional services during the 1999 Period.

                                       13




<PAGE>



Net Loss

The Company recorded a net loss of $1,166,750 or $0.12 per share for the 1999
Period compared to a net loss of $2,312 or $0.00 per share for the 1998 Period.
The increase in net loss was primarily attributable to the increase in cost of
revenues, general administration expenses, advertising and promotion/marketing
related expenses, investments in the Company's brand-building strategy in China.
This was offset by the increase in revenue in the 1999 period compared to the
1998 Period.

Liquidity and Capital Resources

At June 30, 1999, the Company had cash and cash equivalents totaling $3,815,517
compared to $63,724 at June 30, 1998. For the six months ended June 30, 1999,
cash used in operating activities of $761,793 was primarily due to the net loss
of $1,166,750 for the 1999 period.

Cash used in investing activities was $146,232 for the 1999 Period compared to
$19,444 for the 1998 Period. The capital expenditure of $146,232 for the 1999
Period consisted of the purchase of computer hardware and software, and other
office equipment.

For the 1999 Period, cash provided by financing activities of $4,712,424 was
derived primarily from the private placement of shares of common stock in the
amount of $3,780,000 and the issuance of common stock pursuant to the exercise
of a stock option in the amount of $900,000. As the Company experienced negative
cash flow from operations in the 1999 Period and anticipates that it will
continue to incur negative cash flow during the roll out of its products and
services in China, the Company may require additional capital. The sale of
additional equity or convertible debt securities, if required, may result in
additional dilution to the holders of the Company's common stock. There can be
no assurance that additional financing, if required, will be available on terms
and conditions acceptable to the Company, if available at all.

                                     PART II
                                OTHER INFORMATION


Item 1.  Legal Proceedings

         None

Item 2.  Changes in Securities

         1. On April 1, 1999, Registrant issued an aggregate of 400,000 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 $4,000. The warrant and the shares issued upon exercise thereof
were issued in reliance upon Regulation S.

                                       14




<PAGE>



         2. In May, 1999, Registrant completed a private placement of its common
stock to 13 accredited investors. Registrant issued an aggregate 526,250 of its
common stock for aggregate cash proceeds of $3,780,000. The shares were issued
to the following investors:

<TABLE>
<CAPTION>

                                              Number of
Name of Investor                            Shares Purchased           Amount Invested
--------------------------               ----------------------      --------------------
<S>                                              <C>                         <C>
Tao Ying                                            500                  $    3,000
Alvin Granof                                     14,000                      84,000
Jonathan A. Kaye                                  1,000                       6,000
Ah Kee Tay                                       10,000                      60,000
John Lim Kok Min                                 20,000                     120,000
PT Portola Konsultindo                          204,250                   1,528,000
Tee-Jin Gan                                      50,000                     420,000
Micheal Tee-Kian Gan                             50,000                     500,000
Soo Keok Ong                                     50,000                     300,000
Cheah Meng Fui                                   77,000                     462,000
Lee Wai Ping                                     10,000                      60,000
Zhang Hui Quan                                    1,500                       9,000
Xu Hui                                           38,000                     228,000

</TABLE>

         The foregoing issuances were deemed exempt from registration under the
Securities Act of 1933, as amended (the "Act"), in reliance on Section 4(2) of
the Act and Rule 506 of Regulation D, as transactions by an issuer not involving
any public offering. The foregoing investors represented that they were
accredited investors and that they were acquiring the shares for investment only
and not with a view to or for sale in connection with any distribution thereof.
Appropriate legends were affixed to the certificates and all investors had
adequate access to information about Registrant.

Item 3.  Defaults Upon Senior Securities

         None

Item 4.  Submission of Matters to a Vote of Security holders

         (a) On April 7, 1999, the Company mailed an information statement to
shareholders advising them that holders of not less than 50.1% of the Company's
then outstanding shares of common stock had approved an amendment to the
Company's Articles of Incorporation to effect a change in the Company's name
from Asia Media Communications, Ltd. to My Web Inc.com. Such action was taken on
April 28, 1999.

Item 5.  Other Information

         None

                                       15




<PAGE>



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.


                                   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)
                                 By:  s/s  T.S. Wong
                                    -----------------
                                    T.S. Wong
                                    President


Date:  August 13, 1999