================================================================================
                                  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 September 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  September  30,  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 September 30, 2000

<TABLE>
<CAPTION>


                  INDEX                                                                         Page Number

PART I   FINANCIAL INFORMATION

<S>         <C>                                                                                       <C>
Item 1      Condensed Consolidated Balance Sheets at September 30, 2000 and at December 31, 1999      3
                     (unaudited for September 30, 2000)

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

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

            Notes to Condensed Consolidated Financial Statements  (unaudited)                         6

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


PART II  OTHER INFORMATION

Item 1      Legal Proceedings                                                                         17
Item 2      Changes in Securities                                                                     17
Item 3      Defaults Upon Senior Securities                                                           17
Item 4      Submission of Matters to a Vote of Security Holders                                       17
Item 5      Other Information                                                                         18
Item 6      Exhibits and Reports on Form 8-K                                                          18

</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>



                                     PART I
                              FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                                  MYWEB INC.COM

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

<TABLE>
<CAPTION>

                                                                (Unaudited)       (Audited)
                                                                 September         December
Assets                                                            30, 2000         31, 1999
-------
<S>                                                              <C>               <C>
Current Assets:
     Cash and cash equivalents                                         577             2,362
     Accounts receivable, net                                        2,108             1,818
     Inventories                                                     1,141                43
     Prepaid expenses and other current assets                         263               466
                                                                 ---------         ---------
Total Current Assets                                                 4,089             4,689

Property and equipment, net                                            624               352
Goodwill on consolidation                                              879                 -
                                                                 ---------         ---------
                                                                  $  5,592         $   5,041
                                                                  ========         =========
Liabilities and Shareholders' Equity
------------------------------------
Current Liabilities:
     Accounts payable, trade                                         2,586             1,861
     Other accounts payable                                          4,176             1,369
     Due to directors                                                  181               198
     Deferred revenue                                                   62                26
     Short term Borrowings                                             362                 -
     Income taxes payable                                                8                 -
     Deferred Tax Liability                                              5                 -
                                                                 ---------         ---------
Total Current Liabilities                                            7,380             3,454
                                                                 ---------         ---------
Commitments and Contingencies (Note 9)
Minority Interest                                                      175                 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                                          16,456            14,749
Accumulated deficit                                               (18,551)          (13,272)
Other comprehensive income (loss)                                       21               (8)
                                                                 ---------         ---------
Total Shareholders' Equity                                         (1,963)             1,580
                                                                 ---------         ---------
                                                                 $  5,592          $   5,041
                                                                 =========         =========

</TABLE>

                                       3
<PAGE>

                                  MYWEB INC.COM

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

<TABLE>
<CAPTION>

                                                  For the Three Months Ended               For the Nine Months Ended
                                                September 30,        September 30,       September 30,      September 30,
                                                    2000                 1999               2000                1999
<S>                                             <C>                 <C>                <C>                 <C>
Revenues:

     Net Sales                                  $    1,507          $    1,507         $    4,495              $2,392
     Interest and Other Income                         122                  36                178                  78

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

Total Revenues                                       1,629               1,543              4,673               2,470
                                                ----------          ----------         ----------          ----------
Costs and Expenses:

     Cost of sales                                   1,286               1,782              3,699               2,733
     Sales and marketing                               612               1,095              2,519               1,563
     Product development                               156                 141                503                 249
     General administration                            686                 547              3,132               1,114
                                                ----------          ----------         ----------          ----------

Total Costs and Expenses                             2,740               3,565              9,853               5,659
                                                ----------          ----------         ----------          ----------

Minority Interest                                     (13)                   -               (98)                   -
                                                -----------         ----------         ----------          ----------

Loss before income taxes                           (1,124)             (2,022)            (5,278)             (3,189)
Income Taxes                                           (1)                   -                (1)                   -
                                                ----------          ----------         ----------          ----------

Net Loss                                        $  (1,125)          $  (2,022)         $  (5,279)          $  (3,189)
                                                ==========          ==========         ==========          ==========
Loss per share                                  $   (0.10)          $   (0.19)         $  ( 0.48)          $   (0.31)

Average number of
 common shares outstanding                      11,112,285          10,178,243         11,112,285          10,178,243


</TABLE>
                                       4
<PAGE>



                                  MYWEB INC.COM

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

<TABLE>
<CAPTION>
                                                                             For the Nine Months Ended
                                                                                  September 30,

                                                                             2000                   1999
<S>                                                                       <C>                    <C>
Cash Flows from Operating Activities:
Net loss                                                                  $ (5,279)              $ (3,189)
Adjustments:
     Depreciation                                                               120                     21
     Non-cash Expense                                                         1,621                    (1)
     Common stock issuance for consulting services                                -                      4
     Disposition of equipment                                                    23                      3
     Amortization of goodwill                                                   293                      -
     Gain on disposal of fixed assets                                           (4)                      -
     Minority Interest                                                           98                      -
     Bad Debts                                                                    2                      -
Working Capital Adjustments:
     Increase in inventories                                                  (452)                    (5)
     Decrease (Increase) in accounts receivable, trade                          459                  (337)
     Decrease (Increase) in prepaids and others                                 229                  (396)
     (Decrease) Increase in accounts payable                                  (142)                  1,788
     Increase in deferred revenue                                                36                      -
     Tax paid                                                                   (1)                      -
                                                                          ---------              ---------
Cash Used In Operating Activities                                           (2,997)                (2,112)
                                                                          ---------              ---------
Cash Flows from Investing Activities:
     Acquisition of property and equipment                                    (266)                  (271)
     Acquired cash in Asia Media                                                  -                     11
     Proceeds from disposal of equipment                                         21                      -
     Cash acquired in acquisitions                                                6                      -
                                                                          ---------              ---------
Cash Used In Investing Activities                                             (239)                  (260)
                                                                          ---------              ---------
Cash Flows from Financing Activities:
     Proceeds on issuance of common stock                                         -                  4,690
     (Payments) proceeds on due to directors                                   (19)                     51
     Net change in short term borrowings                                        362                      -
     Proceeds on minority share in subsidiaries                                  11                      -
     Share Application Money received                                         1,100                      -
                                                                          ---------              ---------
Cash Flows from Financing Activities                                          1,454                  4,741

Effect of exchange rate changes on cash                                         (3)                      -
(Decrease) Increase in cash and cash equivalents                            (1,785)                  2,369
Cash balance, beginning                                                       2,362                      -
                                                                          ---------              ---------
Cash balance, end                                                           $   577                $ 2,369
                                                                          =========              =========

</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 10 below.

Note 2:   Unaudited Financial Statements

The  consolidated  financial  statements  as of  September  30, 2000 and for the
periods  ended  September  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 September 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 from 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.  AC/AI  have
indicated  that they will not proceed with the purchase of the Company's  common
stock and the deposit of $100,000 has been forfeited.

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  in May  2000.  Because  of  market
conditions,  the Company has deferred the secondary  listing of the common stock
on the SGX until a later date to be determined.

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 September 30, 2000,  the
total amount 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 options 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  or in the
alternative,  at the discretion of the plans' administrator,  option holders may
exercise options on a "cashless"  basis. 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
September 30, 2000,  the number of shares  available for future awards under the
Company's  plans were 1,112  shares.  For the three month and nine month  period
ended  September  30,  2000,  the  Company  recognized  compensation  expense of
$252,000 and  $1,260,000,  respectively,  relating to the intrinsic value at the
date of grant of certain options.

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 10:  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 such operations
are pursued.

The Company's  management  targets 2001 to achieve breakeven status in its Asian
operations by expanding its services in the emerging  Asian markets 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.

The Company believes that its current funds, together with the cash generated by
its operations,  will be sufficient to meet its working capital requirements for
the fourth quarter of 2000. The Company does not expect to incur any significant
capital expenditures in the fourth quarter of 2000. The additional funds of $1.5
million,  which the  Company  expects  to receive in  December  2000,  should be
sufficient  to sustain the  Company's  operations  until it  achieves  breakeven
status in its  operations in 2001,  although there can be no assurance that this
will be the case.  In order to provide for any potential or  unanticipated  need
for additional financing,  the Company currently is in negotiations with several
parties to obtain additional funds, however, there can be no assurance that such
financing will be available on terms and  conditions  acceptable to the Company,
if available at all. If such financing is necessary and cannot be obtained,  the
Company  would be  required  to  reduce or  postpone  expenditures  and  curtail
operations.  Any such  postponement  could have a material adverse effect on the
Company's business and results of operations.

                                       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 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 to access to its  distribution
channels,  at no cost,  to  distribute  and market the product.  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  affiliate  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.  MyWeb
Americas has begun  operations  in the Latin  American  market  during the third
quarter of 2000, however, there can be no assurances that MyWeb Americas will be
able to  generate  significant  revenues  or  that  it  will be able to  operate
profitably.

                                       11
<PAGE>

As  discussed  below,  the three  month  period  ended  September  30,  2000 was
characterized  by decreased  expenses  incurred in connection with the Company's
cost of revenue,  advertising and promotion/marketing  related expenses, as well
as a decrease in  personnel  and  employee  compensation  expenses.  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.
However,  the  Company is aiming to break even by  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  SEPTEMBER  30, 2000 TO THE THREE MONTHS
ENDED SEPTEMBER 30, 1999.

Revenues
--------

Revenues were $1.63 million, including $122,000 of interest and other income, in
the three month  period  ended  September  30,  2000 (the "2000 Third  Quarter")
compared to $1.54 million,  including  $36,000 of interest income,  in the three
month period ended September 30, 1999 (the "1999 Third  Quarter").  The increase
in  revenues  of 6% in the 2000  Third  Quarter  as  compared  to the 1999 Third
Quarter was  primarily  due to an increase in interest  and other  income  which
consisted mainly of the deposit that was forfeited by AC/AI as described in Note
8 above.  Revenues for the 2000 Third Quarter consisted  primarily of e-commerce
transactions  of $1.44 million,  set top box revenue of $38,000 and  advertising
and design work of $20,000.  No  customer  accounted  for more than 10% of total
revenues during the 2000 Third Quarter.  No customer accounted for more than 10%
of total  revenues  during the 1999 Third Quarter  except for Hangzhou  Westlake
Electronics Import and Export Co.Ltd.

Cost of Sales
-------------

Cost of sales was $1.29  million in the 2000  Third  Quarter  compared  to $1.78
million in the 1999 Third Quarter.  The decrease in cost of sales of $496,000 in
the 2000 Third  Quarter  compared to the 1999 Third Quarter was primarily due to
the  decrease in the cost of licensing of the set top box software as we are now
using a software which is more cost effective.

Total Operating Expenses
------------------------

Total operating  expenses were $1.45 million in the 2000 Third Quarter  compared
to $1.78  million in the 1999 Third  Quarter.  The  decrease in total  operating
expenses of 18% in the 2000 Third Quarter compared to the 1999 Third Quarter was
primarily  attributable to a decrease in sales and marketing expenses from $1.10
million in the 1999 Third  Quarter to $612,000 in the 2000 Third  Quarter.  This
was offset by the increase in general and administration  expenses from $547,000
in the 1999 Third Quarter to $686,000 in the 2000 Third Quarter.

Sales and  marketing  expenses  consisted  primarily  of employee  compensation,
advertising  and other  promotion/marketing  related  expenses.  The decrease in
absolute  dollars  from the 1999 Third  Quarter is primarily  attributable  to a
decrease in the Company's advertising and  promotion/marketing  related expenses
in China and Malaysia and employee related expenses.

General  administration  expenses  increased 25% from $547,000 in the 1999 Third
Quarter to $686,000 in the 2000 Third Quarter.  General administration  expenses
in the 2000 Third Quarter consisted primarily of employee compensation, employee
related  expenses and fees for professional  services.  The increase in absolute
dollars  from the 1999 Third  Quarter is  primarily  a result of an  increase in
employee  compensation,  fees for  professional  services and other  operational
expenses.

Net Loss
--------

The Company recorded a net loss of $1.13 million or $0.10 per share for the 2000
Third Quarter compared to a net loss of $2.02 million or $0.19 per share for the
1999 Third  Quarter.  The decrease in net loss of 44% in the 2000 Third  Quarter
compared to the 1999 Third Quarter was primarily attributable to the decrease in
cost  of  revenue,   advertising  and   promotion/marketing   related  expenses,
especially  in the  Company's  operations  in China,  as well as a  decrease  in
personnel and employee compensation expenses.


                                       13
<PAGE>


COMPARISON OF THE NINE MONTHS ENDED  SEPTEMBER 30, 2000 TO THE NINE MONTHS ENDED
SEPTEMBER 30, 1999

Total Revenue
-------------

Revenues  increased from $2.47 million,  including  interest and other income of
$78,000,  in the nine month period ended  September 30, 1999 (the "1999 Period")
to $4.67 million,  including interest and other income of $178,000,  in the nine
month period ended September 30, 2000 (the "2000  Period"),  an increase of 89%.
This increase was  attributable  to  e-commerce  transactions  and  advertising,
system  integration  and design  work.  Revenues  for the 2000 Period  consisted
primarily of e-commerce  transactions  of $4.19 million,  set top box revenue of
$55,000 and  advertising,  system  integration  and design work of $160,000.  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 Hangzhou  Westlake  Electronic  Import & Export.Co.Ltd.  and Saw Beng
Swee.

Cost of Sales
-------------

Cost of sales  increased  from $2.73 million in the 1999 Period to $3.70 million
in the 2000  Period,  an  increase  of 35%.  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 110% from $2.93 million in the 1999 Period to
$6.15 million in the 2000 Period. The increase was primarily  attributable to an
increase in sales and  marketing  expenses from $1.56 million in the 1999 Period
to  $2.52  million  in  the  2000  Period,  an  increase  of  61%,  and  general
administration  expenses  from $1.11 million in the 1999 Period to $3.13 million
in the 2000 Period, an increase of 181%.

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 102% from $249,000 in the 1999 Period to
$503,000 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 181% from $1.11 million in the 1999
Period to $3.13  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 $5.28 million or $0.48 per share for the 2000
Period  compared  to net loss of $3.20  million  or $0.31 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  September  30,  2000,  the  Company had cash and cash  equivalents  totaling
$577,000 compared to $2.37 million at September 30, 1999. Cash used in operating
activities  of $2.99  million for the nine months ended  September  30, 2000 was
primarily due to the net loss of $5.28 million for the 2000 Period. Cash used in
investing  activities was $239,000 for the 2000 Period  compared to cash used in
investing  activities of $260,000 for the 1999 Period. The capital  expenditures
of $266,000 for the 2000 Period consisted primarily of the purchases of computer
hardware  and  software  and  office  equipment.   Cash  provided  by  financing
activities  of $1.45  million  during the 2000 Period was  primarily  from share
application  money  received from  investors  and  short-term  borrowings  while
$19,000 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 from 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.  Adgator  has
indicated  that they will not proceed with the purchase of the Company's  common
stock and the deposit of $100,000 has been forfeited.

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 to achieve breakeven status to its Asian
operations by expanding its services in the emerging  Asian markets 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.

The Company believes that its current funds, together with the cash generated by
its operations,  will be sufficient to meet its working capital requirements for
the fourth quarter of 2000. The Company does not expect to incur any significant
capital expenditures in the fourth quarter of 2000. The additional funds of $1.5
million,  which the  Company  expects  to receive in  December  2000,  should be
sufficient  to sustain the  Company's  operations  until it  achieves  breakeven
status in its  operations in 2001,  although there can be no assurance that this

                                       15
<PAGE>

will be the case.  In order to provide for any potential or  unanticipated  need
for additional financing,  the Company currently is in negotiations with several
parties to obtain additional funds, however, there can be no assurance that such
financing will be available on terms and  conditions  acceptable to the Company,
if available at all. If such financing is necessary and cannot be obtained,  the
Company  would be  required  to  reduce or  postpone  expenditures  and  curtail
operations.  Any such  postponement  could have a material adverse effect on the
Company's business and results of operations.

The Company has also  received  notification  from its auditors that they may be
unable  to  issue an  opinion  as a going  concern  on the  Company's  financial
statements  for the year  ending  December  2000,  if the  Company's  cash  flow
deficiency  is not  adequately  addressed by the time of filing of the 10-KSB in
2001.


                                       16
<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 September 30, 2000.

ITEM 3.   DEFAULTS UPON SENIOR SECURITIES

          None

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

          The  Annual  Meeting  of  Stockholders  of the  Company  was  held  on
September 27, 2000 (the "Annual  Meeting") in which two proposals were submitted
to a vote of the  Company's  stockholders.  The  proposals and results of voting
were as follows:

Proposal I.
----------

     A proposal to elect the following  persons to serve on the Company's  Board
of  Directors  until the next  annual  meeting of  stockholders  and until their
successors are elected and qualified:

                                           SHARES                 SHARES
    Name                                     FOR                 WITHHELD
    ----                                  ---------              --------

    George S. Bayoud, Jr.                 6,403,408                 9,158

    Alvin Roy Granoff                     6,403,408                 9,158

    Dr. Boh Soon Lim                      6,403,408                 9,158

    Victor Fook Ai Ng                     6,403,408                 9,158

    Kasiviswanathan Shanmugam             6,403,408                 9,158

    Danny Teow Teck Toe                   6,403,108                 9,458

    Thean Soon Wong                       6,402,408                10,158



                                       17
<PAGE>



Proposal II.
-----------

     A  proposal  to  ratify  the  selection  of  Arthur  Anderson  LLP  as  the
independent  auditors of the Company  for the fiscal  year ending  December  31,
2000:

                                       SHARES          SHARES        SHARES IN
                                         FOR          AGAINST       ABSTENTION
                                     ---------        -------       ----------

    Arthur Anderson LLP              6,412,173           393           - 0 -


ITEM 5.   OTHER INFORMATION

     None

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

     (a)  Exhibits

          27.1   Financial Data Schedule for the Nine Months Ended September 30,
                 2000.


     (b)  Reports on Form 8-K

          None


                                       18
<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: November 20, 2000


                                       19