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

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

                                   ----------

                                   FORM 10-QSB

                Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934

                For the Quarter Period Ended September 30, 2006

                         Commission File No. 000-29462

                                    WEB2 CORP
             (Exact name of Registrant as specified in its Charter)

                        Delaware                                  13-4127624
(State or jurisdiction of incorporation or organization)        (IRS Employer
                                                             Identification No.)

  100 West Lucerne Circle, Suite 600, Orlando, Florida              32801
        (Address of Principal Executive Office)                   (Zip Code)

       Registrant's telephone number, including area code: (407) 540-0452

Former name, former address and former fiscal year, if changed since last
report:
                              110 Media Group, Inc.

Indicate by check mark whether the registrant (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 a 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 |_|

The number of shares issued and outstanding of the Registrant's Common Stock,
$.001 par value, as of October 25, 2006 was 18,242,366.

================================================================================
<PAGE>

                         PART I - FINANCIAL INFORMATION

Item 1: Financial Statements (Unaudited)

Condensed Consolidated Balance Sheet                                         F-1

Condensed Consolidated Statements of Operations                              F-2

Condensed Consolidated Statements of Operations Three Months                 F-3

Condensed Consolidated Statements of Cash Flows                              F-4

Notes to the Condensed Consolidated Financial Statements                  F5-F15

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                      CONDENSED CONSOLIDATED BALANCE SHEET
                                   (UNAUDITED)
                               September 30, 2006

                                     ASSETS

CURRENT ASSETS
  Cash                                                             $     36,503
  Accounts receivable                                              $     57,464
  Prepaid expenses and other current assets                             158,000
                                                                   ------------
      Total Current Assets                                              251,967
PROPERTY AND EQUIPMENT, Net                                             359,506
                                                                   ------------
  Other assets                                                            7,040
                                                                   ------------
      TOTAL ASSETS                                                 $    618,513
                                                                   ------------
                    LIABILITIES AND STOCKHOLDERS' DEFICIENCY
CURRENT LIABILITIES
  Convertible debentures                                           $    249,500
  Accounts payable and accrued expenses                                 806,846
  Due to stockholders and affiliates                                  2,564,362
                                                                   ------------
      TOTAL CURRENT LIABILITIES                                       3,620,708
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIENCY
  Preferred Stock -
  $.001 par value; 450,000 shares authorized
    Series AA Cumulative Convertible - 335,268 shares issued
    and outstanding, with rights to a cumulative 7% dividend
    liquidation preferences of $335,268                                 335,268
  Common stock - $0.001 par value; 100,000,000 shares
    authorized; 18,242,366 shares issued and outstanding                 18,192
    Treasury Stock (33,333 shares @$1.05)                               (35,000)
    Additional paid in capital                                       10,057,533
    Accumulated Deficit                                             (13,378,188)
                                                                   ------------
      TOTAL STOCKHOLDERS' DEFICIENCY                                 (3,002,195)
                                                                   ------------
      TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY               $    618,513
                                                                   ============

The Accompanying Notes Are An Integral Part Of These Condensed Consolidated
Financials Statements


                                       F-1

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                                 For the Nine Months Ended
                                                       September 30,
                                                 -------------------------
                                                     2006          2005
                                                 -----------   -----------
REVENUE                                          $   443,316   $  194,726
                                                 -----------   ----------
COSTS AND EXPENSES
  Cost of revenue                                    475,883       99,521
  Compensatory element of stock transactions         240,588           --
  Depreciation and amortization                      174,118       35,778
  Selling and administrative expenses                549,469      356,570
                                                 -----------   ----------
    TOTAL COSTS AND EXPENSES                       1,440,058      491,869
                                                 -----------   ----------
    OPERATING LOSS                                  (996,742)    (297,143)
                                                 -----------   ----------
OTHER EXPENSES
  Interest                                           245,619      235,917
                                                 -----------   ----------
    NET LOSS                                     $(1,242,360)  $ (533,059)
                                                 ===========   ==========
    Preferred Dividend Series AA                 $    18,942   $       --
                                                 -----------   ----------
    Net loss applicable to common shareholders   $(1,261,302)  $ (533,059)
                                                 ===========   ==========
Basic and Diluted Net Loss Per Share             $     (0.07)  $    (0.37)
                                                 ===========   ==========
Weighted Average Number of Common
  Shares Outstanding - Basic and Diluted          16,670,208    1,436,391
                                                 ===========   ==========

The Accompanying Notes Are An Integral Part Of These Condensed Consolidated
Financials Statements


                                       F-2

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                                 For the Three Months Ended
                                                        September 30,
                                                 --------------------------
                                                      2006         2005
                                                  -----------   ----------
REVENUE                                           $   180,252   $  168,290
                                                  -----------   ----------
COSTS AND EXPENSES
  Cost of revenue                                     196,457       99,521
  Compensatory element of stock transactions           41,250           --
  Depreciation and amortization                        58,976       18,457
  Selling and administrative expenses                 238,595      128,553
                                                  -----------   ----------
    TOTAL COSTS AND EXPENSES                          535,278      246,531
                                                  -----------   ----------
    OPERATING LOSS                                   (355,026)     (78,241)
                                                  -----------   ----------
OTHER EXPENSES
  Interest                                        $    87,466       77,878
                                                  -----------   ----------
    NET LOSS                                      $  (442,492)  $ (156,119)
                                                  ===========   ==========
    Preferred Dividend Series AA                  $     3,912   $       --
                                                  -----------   ----------
    Net loss applicable to common shareholders    $  (446,403)  $ (156,119)
                                                  ===========   ==========
Basic and Diluted Net Loss Per Share              $     (0.02)  $    (0.02)
                                                  ===========   ==========
Weighted Average Number of Common
  Shares Outstanding - Basic and Diluted           18,206,122    8,473,465
                                                  ===========   ==========

The Accompanying Notes Are An Integral Part Of These Condensed Consolidated
Financials Statements


                                       F-3

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

                                                     For the Nine Months Ended
                                                           September 30
                                                     -------------------------
                                                          2006         2005
                                                      -----------   ---------
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                            $(1,261,302)  $(533,059)
                                                      -----------   ---------
  Adjustments to reconcile net loss to net
    cash used in operating activities:
    Deferred preferred dividend                            18,942          --
    Depreciation and amortization                         174,118      35,778
    Compensatory element of stock transactions            240,588          --
  Changes in operating assets and liabilities:
    Prepaid expenses and other current assets            (220,007)    (48,255)
    Accrued expenses and other current liabilities        272,409     364,931
                                                      -----------   ---------
      TOTAL ADJUSTMENTS                                   486,051     352,454
                                                      -----------   ---------
      NET CASH USED IN OPERATING ACTIVITIES              (775,252)   (180,605)
                                                      -----------   ---------
CASH FLOWS FROM INVESTING ACTIVITIES
  Purchase of computer equipment                          (47,250)    (71,846)
  Purchase of ByIndia                                     (40,000)         --
  Purchase of Web 1000 intangible assets                   (5,759)         --
                                                      -----------   ---------
      NET CASH USED IN INVESTING ACTIVITIES               (93,009)    (71,846)
                                                      -----------   ---------
CASH FLOWS FROM FINANCING ACTIVITIES
  Proceeds of loans from shareholder                      507,500          --
  Proceeds from Bridge Loan                               149,500          --
  Proceeds from sale of common stock                      106,000     252,500
                                                      -----------   ---------
      NET CASH PROVIDED BY FINANCING ACTIVITIES       $   763,000   $ 252,500
                                                      -----------   ---------

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS, CONTINUED

<TABLE>
<CAPTION>
                                                            For the Nine Months Ended
                                                                  September 30
                                                            -------------------------
                                                                 2006       2005
                                                              ---------   --------
<S>                                                           <C>         <C>
NET (DECREASE) INCREASE IN CASH                               $(105,261)  $     49
CASH - Beginning                                                141,764      1,176
                                                              ---------   --------
CASH - Ending                                                 $  36,503   $  1,225
                                                              =========   ========
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
  Cash paid during the years for:
    Interest                                                  $      --   $     --
    Taxes                                                     $     311   $    455
  Non-cash investing and financing activities:
    Repayment of Debt through issuance of common stock               --         --
    Conversion of accrued liabilities                           108,247         --
    Conversion of debt                                          412,266         --
    Conversion of preferred stock                               102,732         --
  Issuance of common stock in connection with
    employment agreements                                            --    (24,000)
  Issuance of common stock in connection for
    consulting services                                         (30,000)   (20,000)
    Notes payable issued for services rendered                       --         --
    Accounts payable converted to note payable                       --         --
    Common stock issued for stock subscription receivable            --         --
    Loan payable converted to contributed capital                    --         --
    Note payable issued to acquire fixed assets                      --         --
    Equity - issuance of common stock                                --    119,000
</TABLE>

The Accompanying Notes Are An Integral Part Of These Condensed Consolidated
Financials Statements


                                       F-4

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - Going Concern and Managements Plans

The accompanying condensed consolidated financial statements have been prepared
using generally accepted accounting principles applicable to a going concern
which contemplates the realization of assets and liquidation of liabilities in
the normal course of business. As reported in the consolidated financial
statements, the Company has incurred losses of approximately $13,400,000 from
inception of the Company through September 30, 2006, has negative cash flows
from operations, and is in default on certain convertible notes payable. The
Company's stockholders' deficiency at September 30, 2006 was $3,002,195 and its
current liabilities exceeded its current assets by $3,368,741.These factors
combined, raise substantial doubt about the Company's ability to continue as a
going concern. Management's plans to address and alleviate these concerns are as
follows:

The Company's management continues to develop a strategy of exploring all
options available to it so that it can develop successful operations and have
sufficient funds to be able to operate over the next twelve months. As a part of
this plan, management is currently in negotiations with their target industries'
key players to develop additional business opportunities. In addition,
management is exploring options in order to raise additional operating capital
through debt and/or equity financing. No assurance can be given that funds will
be available, or, if available, that it will be on terms deemed satisfactory to
management.

The ability of the Company to continue as a going concern is dependent upon its
ability to successfully accomplish the plans described in the preceding
paragraph and eventually attain profitable operations. The accompanying
consolidated financial statements do not include any adjustments relating to the
recoverability and classification of asset carrying amounts or the amount and
classification of liabilities that might result from the outcome of these
uncertainties.


                                       F-5

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - Summary of Significant Accounting Policies

This summary of significant accounting policies of the Company is presented to
assist in understanding the Company's financial statements. The financial
statements and notes are representations of the Company's management who are
responsible for their integrity and objectivity. These accounting policies
conform to accounting principles generally accepted in the United States of
America and have been consistently applied in the preparation of the financial
statements. The following policies are considered to be significant:

a. Accounting Method

The Company recognizes income and expenses based on the accrual method of
accounting. Accordingly, revenues are recognized when earned and expenses are
recognized when incurred. The Company has elected a December 31 year-end.

b. Cash and Cash Equivalents

Cash equivalents are generally comprised of certain highly liquid investments
with original maturities of less than three months.

c. Use of Estimates in the Preparation of Consolidated Financial Statements

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.


                                       F-6

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - Summary of Significant Accounting Policies, continued

d. Revenue Recognition Policy

Revenue recognized through September 30, 2006 represents revenue from its
redirect traffic and other media entertainment. The Company receives a fee for
revenue generated under the sale of other media entertainment that is recognized
upon shipment of the merchandise. Sales generated from list services are
recognized upon completion of services. Revenues generated from Web1000.com site
consists of monthly fees paid to the Company for redirect traffic.

e. Allowance for Doubtful Accounts

Accounts receivable are recorded net of the allowance for doubtful accounts. The
Company generally offers 30-day credit terms on sales to its customers and
requires no collateral. The Company maintains an allowance for doubtful accounts
which is determined based on a number of factors, including each customer's
financial condition, general economic trends and management judgment. As of
September 30, 2006, the allowance for doubtful accounts was $-0-. Bad debt
expense was $-0- for the three months ended September 30, 2006 and 2005.

f. Basic Net Loss per Share of Common Stock

In accordance with Financial Accounting Standards No. 128, "Earnings per Share,"
basic net loss per common share is based on the weighted average number of
common shares and common share equivalents outstanding during the periods
presented. Diluted earnings per share is computed using weighted average number
of common shares plus dilutive common share equivalents outstanding during the
period.

                                                        Nine Months Ended
                                                          September 30,
                                                    ------------------------
                                                        2006         2005
                                                    -----------   ----------
Net loss (numerator)                                $(1,261,302)  $ (533,059)
Weighted average shares outstanding (denominator)    16,670,208    1,436,391
                                                    -----------   ----------
Net loss per share amount                           $     (0.07)  $    (0.37)
                                                    ===========   ==========

Securities that could potentially dilute basic earnings per share ("EPS") in the
future that were not included in the computation of diluted EPS because to do so
would have been anti-dilutive for the periods presented consist of the
following:

                                                      No. of Shares
                                                      -------------
Convertible debentures (assumed conversion at $.15)       61,905
Warrants to purchase common stock - finders                1,750
Warrants to purchase common stock - debentures            33,542
Warrants issued to consultant                             16,667
Series AA 7% Convertible Preferred Stock (and
  Cumulative dividends (assumed conversion at $.15)      146,852
                                                         -------
    Total as of December 31, 2005                        260,716
                                                         =======


                                       F-7

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - Summary of Significant Accounting Policies, continued

g. Recent Accounting Pronouncements

In December 2004, the FASB issued SFAS No. 153, "Exchange of Non-monetary
Assets." SFAS No. 153 amends APB Opinion No. 29, "Accounting for Non-monetary
Transactions," to eliminate the exception for non-monetary exchanges of similar
productive assets. The Company will be required to apply this statement to
non-monetary exchanges after December 31, 2005. The adoption of this standard is
not expected to have a material effect on the Company's financial position or
results of operations.

In May 2005, the FASB issued SFAS No. 154, "Accounting Changes and Error
Corrections-A Replacement of APB Opinion No. 20 and FASB Statement No. 3." SFAS
No. 154 changes the requirements for the accounting for and reporting of a
change in accounting principle. The Company will be required to apply this
statement for accounting changes and corrections of errors made in fiscal years
beginning after December 15, 2005. The adoption of this standard is not expected
to have a material effect on the Company's financial position or results of
operations.

In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid
Financial Instruments -- an amendment of FASB Statements No. 133 and 140." SFAS
155 amends SFAS No. 133, "Accounting for Derivative Instruments and Hedging
Activities" and SFAS No. 140, "Accounting for Transfers and Servicing of
Financial Assets and Extinguishments of Liabilities" and related
interpretations. SFAS 155 permits fair value re-measurement for any hybrid
financial instrument that contains an embedded derivative that otherwise would
require bifurcation and clarifies which interest-only strips and principal-only
strips are not subject to recognition as liabilities. SFAS 155 eliminates the
prohibition on a qualifying special-purpose entity from holding a derivative
financial instrument that pertains to a beneficial interest other than another
derivative financial instrument. SFAS 155 is effective for the Company for all
financial instruments acquired or issued beginning January 1, 2007. The adoption
of this standard is not expected to have a material effect on the Company's
financial position or results of operations.

In March 2006, the FASB issued SFAS No. 156, "Accounting for Servicing of
Financial Assets - an amendment of FASB Statement No. 140." SFAS 156 requires an
entity to recognize a servicing asset or servicing liability each time it
undertakes an obligation to service a financial asset. It also requires all
separately recognized servicing assets and servicing liabilities to be initially
measured at fair value, if practicable. SFAS 156 permits an entity to use either
the amortization method or the fair value measurement method for each class of
separately recognized servicing assets and servicing liabilities. SFAS 156 is
effective for the Company as of January 1, 2007. The adoption of this standard
is not expected to have a material effect on the Company's financial position or
results of operations.


                                       F-8

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 2 - Summary of Significant Accounting Policies, continued

h. Income Taxes

The Company accounts for income taxes in accordance with Statement of Financial
Accounting Standards Board (SFAS) No. 109, "Accounting for Income Taxes." Under
this method, deferred income taxes are determined based on the difference
between the financial statement and tax bases of assets and liabilities using
enacted tax rates in effect for the year in which differences are expected to
reverse. In accordance with the provisions of SFAS No. 109, a valuation
allowance would be established to reduce deferred tax assets if it were more
likely than not that all or some portion of such deferred tax assets would not
be realized. A full allowance against deferred tax assets was provided as of
September 30, 2006.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net
operating loss carryforwards for Federal income tax reporting purposes are
subject to annual limitations. Should a change in ownership occur, net operating
loss carryforwards may be limited as to its future use by the Company.

i. Advertising Costs

Advertising costs are expensed as incurred. For the periods ended September 30,
2006 and 2005 advertising expenses were $23,343 and $1,445, respectively.

j. Principles of Consolidation

The consolidated financial statements include the accounts of Web2 Corp and its
wholly-owned subsidiary Global Portals Online, Inc. from the date of the merger
and the operations of Jade Entertainment Group, Inc. from January 1, 2005
through the date of its disposition. All significant intercompany accounts and
transactions have been eliminated in the consolidation.


                                       F-9

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 3 - Stock-Based Compensation

In December 2004, the FASB issued SFAS No. 123 (revised 2004), "Share-Based
Payment". SFAS 123(R) addresses the accounting for share-based payment
transactions in which an enterprise receives employee services in exchange for
(a) equity instruments of the enterprise or (b) liabilities that are based on
the fair value of the enterprise's equity instruments. SFAS 123(R) requires an
entity to recognize the grant-date fair-value of stock options and other
equity-based compensation issued to employees in the income statement. The
revised statement generally requires that an entity account for those
transactions using the fair-value-based method and eliminates the intrinsic
value method of accounting in APB 25, which was permitted under SFAS No. 123, as
originally issued.

The revised statement requires entities to disclose information about the nature
of the share-based payment transactions and the effects of those transactions on
the financial statements.


                                      F-10

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 4 - Property and Equipment, Net

Property and equipment are stated at cost less accumulated depreciation.
Depreciation is calculated using the straight-line method over the estimated
useful lives of the assets. When assets are disposed of, the cost and
accumulated depreciation (net book value of the assets) are eliminated and any
resultant gain or loss reflected accordingly. Betterments and improvements are
capitalized over their estimated useful lives whereas repairs and maintenance
expenditures on the assets are charged to expense as incurred.

Property and equipment consists of the following at September 30, 2006:

Computer equipment               $ 365,004
Office equipment                     2,611
Websites                           471,000
                                 ---------
Total                              838,615
Less: accumulated depreciation    (479,109)
                                 ---------
Property and Equipment, Net        359,506
                                 =========

Depreciation and amortization expense for the nine months ended September 30,
2006 and 2005 was $174,118 and $35,778, respectively.


                                      F-11

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 5 - Convertible Debentures

Convertible debentures at September 30, 2006 consist of the following:

      a. Convertible debenture, due on demand, bearing interest at 8%
      per annum. The debenture contains a provision for conversion at
      the holder's option including accrued interest, into the
      Company's common stock at a conversion price equal to 70% of
      the average closing bid price per share of common stock for the
      five-day period prior to such conversion. The related
      beneficial conversion feature has been fully charged to
      interest expense by Dominix in prior years.                       $100,000

      b. Convertible debenture, due on demand, bearing interest at
      13% per annum. The debentures contain a provision for
      conversion, at the holder's option including accrued interest,
      into the Company's common stock at a conversion price equal to
      70% of the average closing bid price per share of common stock
      for the five-day period prior to such conversion. The related
      beneficial conversion feature has been fully charged to
      interest expense in prior years. On May 18, 2006 the note
      holder elected to convert all principal and interest into
      common shares, accrued interest at the time of the conversion
      was $18,152.53 which converted into 23,614 shares of common.
      The note holder also converted the principal into 32,468 shares
      of common.

      c. On July 1, 2005 a convertible promissory note holder,
      Michael Gunther, assigned his $5,000 convertible promissory
      note from 110 Media Group, Inc. to Vanguard Capital LLC and
      Blue Ridge Services. Blue Ridge Services in turn assigned its
      portion of the note to Spidey Consultants. On August 9, 2005,
      Vanguard Capital LLC and Spidey Consultants converted the note,
      plus accrued interest of approximately $2,505 into an aggregate
      of 60,000 post-split shares of the Company's common stock.             -0-

      d. On July 18, 2006 the Company entered into a convertible debt
      agreement with Empire Financial Group, Inc., due one year from
      closing, bearing interest at 15% per annum. The dentures
      contain a provision for conversion, at the holder's option
      including accrued interest at a conversion price 50% of the
      price of the shares sold in a secondary offering. The
      convertible includes a warrant in the event they have not
      converted in the secondary offering, or if no such offering
      shall have been completed, to purchase one dollars' worth of
      common stock for every two dollars of debenture principal
      purchased by them in the Offering, at an exercise price fo 120%
      of the closing bid price of shares of Common Stock on the date
      hereof.                                                            149,500

                                                                        --------
        Total convertible debentures                                     249,500
        Less: current portion                                            249,500
      Long-Term Debt, Net of Current Portion                                 -0-
                                                                        --------
                                                                        $     --
                                                                        ========


                                 F-12

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 6 - Notes Payable to Stockholders

As of September 30, 2006, certain stockholders had advanced to the Company
$1,653,515.73 for working capital purposes. The Company agreed to pay interest
at 8% per annum and the notes are all due November 15, 2006. Certain
shareholders converted accrued interest of $101,717.44 and principal of
$387,265.76 into 2,867,086 shares of common.

On December 5, 2004, the Company acquired certain intangible assets, primarily
URL's from Global Reach, Inc. including a website known as Web1000.com along
with certain other intangible assets related to that website. The Company signed
a note for $100,000 at 6% per annum, payable over 12 months beginning January 1,
2005. In March 2005 Global extended payments until June 2006. At June 30, 2006
the company had an outstanding principal balance of $0.00.

As of September 30, 2006 William Mobley, Chairman of the Board and Andre Ford,
President advanced the Company $744,006 and $263,503, respectively. Interest at
6% per annum and due in full January 2007.

As of September 30, 2006 two stockholders advanced the Company $37,000 and
$8,750, respectively. Interest at 6% per annum and due in full January 2007 and
on demand, respectively.

As of September 30, 2006 related company advanced the Company $279,853. Interest
at 6% per annum and due in full January 2007.

Accrued interest as of September 30, 2006 on these notes amounted to $495,070.45
and is included in accounts payable and accrued expenses. (see Note 7)

NOTE 7 - Accounts Payable and Accrued Expenses Accounts payable and accrued
expenses at September 30, 2006 consist of the following:

Interest                       $582,536
Deferred Preferred Dividends      4,889
Professional fees                28,500
Accrued Compensation            121,079
Other                            69,842
                               --------
                               $806,846
                               ========


                                      F-13

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8 - Stockholders' Deficiency

                            Series AA Preferred Stock

On December 2 and December 3, 2004, Web2 Corp (the "Company") entered into two
Series AA Stock Purchase Agreements (the "Agreements") with Bruges Realty Corp
Charitable Remainder Trust (the "Investor") relating to the private placement of
an aggregate of 438,000 shares of newly authorized Series AA Preferred Stock
("Series AA Shares"). The Investor purchased 200,000 Series AA Shares on
December 2, 2004 and an additional 238,000 Series AA Shares on December 3, 2004,
each pursuant to the Agreements. The purchase price of the Series AA shares was
$1.00 per share, yielding proceeds of $438,000, before legal expenses of $7,500.
On June 16, 2006 Bruges elected to convert $102,732.50 of principal and
$47,267.50 of accrued dividends into 1,000,000 shares of common.

The Agreements, in addition to the kinds of representations and warranties
typical of this type of private placement, have provisions which require the
Company to register shares of its common stock issuable upon the conversion of
the Series AA Shares upon the demand of the holders of 51% of the outstanding
Series AA Shares given no earlier than June 2, 2005.

The Series AA Shares have a liquidation preference of $1.00 per share and the
right to receive cumulative dividends of 7% per year. Dividends, when declared
may be paid in shares of common stock of the Company at the holders option, or
at the Company's option if the shares to be issued may be resold pursuant to an
effective registration statement under the Securities Act of 1933, as amended
(the "Act") or can be immediately resold in reliance upon and exemption from
registration. The Series AA Shares are convertible at the holder's option into
that number of shares as are determined by dividing the liquidation preference,
including any unpaid cumulative dividends, by $0.20 (as adjusted pursuant to
anti-dilution provisions contained in the designation creating the series). The
shares may be redeemed at the Company's option for 125% of the liquidation
preference (including accrued and unpaid dividends) and must be redeemed by the
Company upon demand if the shares of Common Stock which may be issued on
conversion are not registered for sale under the Act one year after the holders
have requested registration.


                                      F-14

<PAGE>

                            WEB2 CORP AND SUBSIDIARY

                        (formerly 110 Media Group, Inc.)

              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 9 - Commitments and Contingencies

                              Employment Agreements

On December 22, 2005 the Company entered into an employment agreement with
William Mobley. The term of the agreement is for five (5) years commencing on
December 22, 2005. Mr. Mobley will serve as the Company's Chairman of the Board.
During the term of the agreement, the Company shall pay Mr. Mobley an annual
salary of $120,000 with adjustments governed by the Consumer Price Index. Mr.
Mobley shall also be entitled to a performance bonus to be determined by the
Board of Directors.

On December 22, 2005 the Company entered into an employment agreement with Andre
Forde. The term of the agreement is for five (5) years commencing on December
22, 2005. Mr. Ford will serve as the Company's President. During the term of the
agreement, the Company shall pay Mr. Forde an annual salary of $120,000 with
adjustments governed by the Consumer Price Index. Mr. Mobley shall also be
entitled to a performance bonus to be determined by the Board of Directors.

                              Consulting Agreements

On January 2, 2006 the Company entered into a consulting agreement with Cioffi
Business Management Services "CBMS". The consulting agreement is for an initial
term of six (6) months. The Company has agreed to compensate CBMS $30,000 as
well as issue the consultant 30,000 shares of its common stock for the initial
six (6) month term. During the term of the consulting agreement, the principal
shareholder of the consultant, Mr. Darren J. Cioffi, will act as the Company's
Chief Financial Officer.

                               Purchase Agreement

On July 27, 2006 the Company signed a purchase agreement with Securenext
Softwares Private Limited, an Indian Corporation to purchase Intellectual
property for $80,000 dollars and 250,000 shares of common stock. As of September
30, 2006 phase I of the purchase agreement has been completed and the company
made a good faith payment of $40,000 per the agreement. No revenues or expenses
have been realized as of September 30, 2006.


                                      F-15

<PAGE>

ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
                             OF OPERATIONS OVERVIEW

On December 22, 2005, the Company reorganized by entering into a stock purchase
agreement with Global Portals Online, Inc. ("Global") whereby the Company issued
11,442,446 shares of its common stock in exchange for all of the outstanding
common stock of Global. Immediately prior to executing the stock purchase
agreement the Company had 1,961,399 shares of common stock and 438,000 shares of
Series AA preferred stock issued and outstanding. The reorganization was
accounted for as a recapitalization of Global because the shareholders of Global
controlled the Company immediately after the acquisition. Therefore, Global is
treated as the acquiring entity. Accordingly there was no adjustment to the
carrying value of the assets or liabilities of Global. The Company is the
acquiring entity for legal purposes and Global is the surviving entity for
accounting purposes. Effective July 26, 2006, the company's name was changed to
Web2 Corp. Effective July 31, 2006, the company's symbol for listing on the Over
the Counter bulletin board was changed to WBTO.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The preparation of our condensed consolidated financial statements requires us
to make estimates and judgments that affect the reported amounts of assets,
liabilities, revenues and expenses and the related disclosures. A summary of
those accounting policies can be found in the footnotes to the consolidated
financial statements included elsewhere in this report. Certain of our
accounting policies are considered critical as they are both important to the
portrayal of our financial condition and results of operations and require
judgments on the part of management about matters that are uncertain. We have
identified the following accounting policies that are important to the
presentation of our financial condition and results of operations.

REVENUE RECOGNITION

Revenue recognized through September 30, 2006 represents revenue from its
redirect traffic and other media entertainment. The Company receives a fee for
revenue generated under the sale of other media entertainment that is recognized
upon shipment of the merchandise. Sales generated from list services are
recognized upon completion of services. Revenues generated from Web1000.com site
consists of monthly fees paid to the Company for redirect traffic.

RESULTS OF OPERATIONS -

The following table includes consolidated statements of operations data for the
three and nine months ended September 30, 2006 and 2005 expressed as dollar
amounts.

<TABLE>
<CAPTION>
                                             Three Months             Nine Months
                                          Ended September 30      Ended September 30
                                        ---------------------   -----------------------
                                           2006        2005         2006         2005
                                        ---------   ---------   -----------   ---------
<S>                                     <C>         <C>         <C>           <C>
Revenues
  Website Revenue                       $ 180,252   $ 168,290   $   443,316   $ 194,726
                                        ---------   ---------   -----------   ---------
  Total Revenue                         $ 180,252   $ 168,290   $   443,316   $ 194,726
Costs and  Expenses
  Cost of Revenue                         196,457      99,521       475,883      99,521
  Selling, general and administrative     238,595     128,553       549,469     356,570
  Depreciation                             58,976      18,457       174,118      35,778
  Stock Based Compensation                 41,250          --       240,588          --
                                        ---------   ---------   -----------   ---------
  Total operating expenses                535,278     246,531     1,440,058     491,869
                                        ---------   ---------   -----------   ---------
  Operating Loss                         (355,026)    (78,241)     (996,742)   (297,143)
Other Expense
  Interest                                 87,466      77,878       245,619     235,917
Net Loss                                $(442,492)  $(156,119)  $(1,242,360)  $(533,059)
                                        =========   =========   ===========   =========
Preferred Dividend Series AA            $   3,912   $      --   $    18,942   $      --
                                        ---------   ---------   -----------   ---------
Net loss applicable to
  common shareholders                   $(446,403)  $(156,119)  $(1,261,302)  $(533,039)
                                        ---------   ---------   -----------   ---------
</TABLE>

<PAGE>

The following discussion relates to the historical financial statements of Web2
Corp and subsidiary and should be read in conjunction with the consolidated
financial statements and related notes.

Results of Operations - Comparison of Three Months Ending September 30, 2006 and
2005

Revenues

Our total revenues were $180,252 for the quarter ended September 30, 2006 an
increase of $11,962 from the corresponding period in 2005. All of our revenue
during the quarters ended September 30, 2006 and 2005 were derived from the
sales from our website. We believe revenues generated by Web2 Corp's website
will increase in 2006 due to the acquisition of Web1000 property and additional
product offerings.

Cost Of Revenues

Our cost of revenues was $196,457 for the quarter ended September 30, 2006, an
increase of $96,936 from the corresponding period of 2005. The increase in cost
of revenues resulted primarily from the acquisition of the Web1000 property
costs needed in the promoting and marketing of our websites.

Depreciation and Amortization

Depreciation and amortization were $58,976 for the quarter ended September 30,
2005 an increase of $40,519 over the corresponding period in 2005. The increase
in depreciation and amortization is a result of computer equipment purchases
which is being depreciated over 3 years as well as the amortizing of Web1000
property which is also being amortized over 3 years.

Selling, General and Administrative

Selling, general and administrative expenses were $238,595 for the quarter ended
September 30, 2006, an increase of $110,042 over the corresponding period in
2005. The increase in selling, general and administrative expenses resulted
primarily from increased salaries for employees, as well as for accounting and
legal services rendered.

Results of Operations - Comparison of Nine Months Ending September 30, 2006 and
2005

Net revenues increased by 128% from $194,276 for the period ended September 30,
2005 to $443,316 for the period ended September 30, 2006. The improvement in
revenues was a result of the acquisition of Web1000 properties and increased
traffic to our existing and newly created websites.

Depreciation and amortization increased from $35,778 for the period ended
September 30, 2005 to $174,118 for the period ended September 30, 2006. The
increase is due to the acquisition of Web1000 properties and increased traffic
to our existing and newly created websites.

Selling, general and administrative expenses increased from $365,570 for the
period ended September 30, 2005, to $549,469 for the period ended September 30,
2006. The increase is due to the acquisition of Web1000 properties and increased
traffic to our existing and newly created websites.

<PAGE>

Interest expense increased from $235,917 for the period ended September 30,
2005, to $245,619 for the period ended September 30, 2006.The increase is due to
the restructuring of debt and additional loans received during 2006.

LIQUIDITY AND CAPITAL RESOURCES

At September 30, 2006, our cash totaled $36,503.

Net cash used in operating activities was $775,252 for the period ended June 30,
2006 compared to $180,605 for the period ended September 30, 2005. The increase
in cash used relates to the company restructuring in December 2005.

Net cash used by Investing activities was $93,009 for the nine months ended
September 30, 2006 compared to net cash used in investing activities of $ 71,846
for the same period last year. The decrease in cash flows from Investing
Activities was due to the recapitalization of Global Portals.

Net cash provided from financing activities was $763,000 for the nine months
ended September 30, 2006 as compared to net cash provided in financing
activities of $252,500 for the nine months ended September 30, 2005. The
$763,000 represents loans made to the Company by related parties, repayment of
loan principal and the sale of common stock of $106,000.

In view of our accumulated deficit and recurring losses there is substantial
doubt about our ability to continue as a going concern. In this regard
management is adopting a plan for the development of our website product lines
as well as seeking additional capital through the private sale of our debt or
equity securities. There is no assurance that we will complete any financing or
that we will achieve profitable operations. The financial statements do not
include any adjustments that might result from the outcome of this uncertainty.

We expect to fund development expenditures and incur losses until we are able to
generate sufficient income and cash flows to meet such expenditures and other
requirements. We do not currently have adequate cash reserves to continue to
cover such anticipated expenditures and cash requirements. These factors, among
others, raise substantial doubt about our ability to continue as a going
concern.

On December 2 and December 3, 2004, the Company entered into two Series AA Stock
Purchase Agreements (the "Agreements") with Bruges Realty Corp Charitable
Remainder Trust (the "Investor") relating to the private placement of an
aggregate of 438,000 shares of newly authorized Series AA Preferred Stock
("Series AA Shares"). The Investor purchased 200,000 Series AA Shares on
December 2, 2004 and an additional 238,000 Series AA Shares on December 3, 2004.
The purchase price of the Series AA shares was $1.00 per share, yielding
proceeds of $438,000, before legal expenses of $7,500.

The Series AA Shares have a liquidation preference of $1.00 per share and the
right to receive cumulative dividends of 7% per year. Dividends are payable
quarterly commencing March 31, 2005 and may be paid in shares of common stock of
the Company at the holders option, or at the Company's option if the shares to
be issued may be resold pursuant to an effective registration statement under
the Securities Act of 1933, as amended (the "Act") or can be immediately resold
in reliance upon and exemption from registration. The Series AA Shares are
convertible at the holder's option into that number of shares as are determined
by dividing the liquidation preference, including any unpaid cumulative
dividends, by $0.20 (as adjusted pursuant to anti-dilution provisions contained
in the designation creating the series). The shares may be redeemed at the
Company's option for 125% of the liquidation preference (including accrued and
unpaid dividends) and must be redeemed by the Company upon demand if the shares
of Common Stock which may be issued on conversion are not registered for sale
under the Act one year after the holders have requested registration. There was
no beneficial conversion feature related to this series of Preferred Stock.

The holders of the Series AA Preferred Stock were granted demand registration
rights which are exercisable no earlier than six months from the purchase date.
The demand registration rights require the Company to file a registration
statement no later than 60 days after receiving the demand registration notice
and also require the registration statement to be declared effective by the SEC
within 90 days from the filing date. For each month that the registration
statement is filed late or declared effective late, liquidating damages are
payable to the holders equal to 1 1/2% of the purchase price of the shares up to
a maximum amount of 25%. As long as any Series AA Preferred Stock is
outstanding, the Company must obtain the approval of a majority of the
outstanding shares of the Series AA Preferred Stock to amend its certificate of
incorporation or by-laws or authorize a new class of capital stock which is on
parity with or has priority over the Series AA Preferred Stock.

<PAGE>

The holders of the Series AA Preferred Stock have the right to demand that the
Company redeem their shares of Series AA Preferred Stock in the event that a
registration statement, which includes the conversion of the Series AA Preferred
Stock, has not been declared effected by the SEC within one year from the date
that a demand registration notice is given to the Company covering at least 51%
of the Series AA Preferred Stock. After receiving notice of redemption from the
holders of the Series AA Preferred Stock, the Company may not make any capital
expenditures in excess of the amount approved by the Company's board of
directors or acquire any entity or assets of any business for a purchase price
in excess of $200,000. If the Company does not have sufficient funds to redeem
all the outstanding shares, then at the Board of Directors determination, the
redemption will be made over time as funds become available.

Based on the above described contingent mandatory redemption obligation, the
liquidation preference of the Series AA Preferred Stock has been classified as
mezzanine equity.

Lease Obligations

The Company lease office 1,851 sq ft of office space at 100 Lucerne Circle,
Orlando Florida. The original agreement was dated February 10, 2004 and expired
on February 9, 2006. The Company extended the lease on March 1, 2006 for an
additional 24 months.

The discussion and analysis of our financial condition and results of operations
are based upon our consolidated financial statements, which have been prepared
in accordance with accounting principles generally accepted in the United
States. The preparation of these financial statements requires us to make
estimates and judgments that affect the reported amounts of assets, liabilities,
revenues and expenses, and related disclosure of contingent assets and
liabilities. On an on-going basis, we evaluate our estimates, including those
related to income tax and marketing related agreements with our affiliates. We
base our estimates on historical experience and on various other assumptions
that are believed to be reasonable under the circumstances, the results of which
form the basis for making judgments about the carrying values of assets and
liabilities that are not readily apparent from other sources. Actual results may
differ from these estimates under different assumptions or conditions.

<PAGE>

FORWARD-LOOKING STATEMENTS; MARKET DATA

The discussion in this Quarterly Report on Form 10-QSB contains forward-looking
statements that involve risks and uncertainties. The statements contained in
this Report that are not purely historical are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, including
statements regarding our expectations, beliefs, intentions or strategies
regarding the future. All forward-looking statements included in this document
are based on information available to us on the date hereof, and we assume no
obligation to update any such forward-looking statements. Our actual results
could differ materially from those described in our forward-looking statements.
Factors that could cause or contribute to such differences include, but are not
limited to, our unproven business model and a limited operating history in a new
and rapidly evolving industry; our ability to implement our business plan; and
our ability to manage our growth, retain and grow our customer base and expand
our service offerings.

We make forward-looking statements in the "Management's Discussion and Analysis
of Financial Condition and, Results of Operations" above. These forward-looking
statements include, but are not limited to, statements about our plans,
objectives, expectations, intentions and assumptions and other statements that
are not historical facts. We generally intend the, words "expect", "anticipate",
"intend", "plan", "believe", "seek", "estimate" and similar expressions to
identify forward-looking statements.

This Quarterly Report on Form 10-QSB contains certain estimates and plans
related to us and the industry in which we operate, which assumes certain
events, trends and activities will occur and the projected information based on
those assumptions. We do not know that all of our assumptions are accurate. In
particular, we do not know what level of growth will exist in our industry, if
any, and particularly in the foreign markets in which we operate, have devoted
resources and in which we shall seek to expand. If our assumptions are wrong
about any events, trends and activities, then our estimates for future growth
for our business may also be wrong. There can be no assurances that any of our
estimates as to our business growth will be achieved.

RECENT ACCOUNTING PRONOUNCEMENTS

In December 2003, the FASB issued Interpretation No. 46 (revised),
"Consolidation of Variable Interest Entities, an Interpretation of ARB No. 51,"
("FIN 46R"). FIN 46R addresses how a business enterprise should evaluate whether
it has a controlling financial interest in an entity through means other than
voting rights and, accordingly, should consolidate the variable interest entity
("VIE"). Fin 46R replaces FIN46 that was issued in January 2003. All public
companies were required to fully implement FIN 46R no later than the end of the
first reporting period ending after March 15, 2004. The adoption of FIN 46R had
no impact on Web2 Corp's financial condition or results of operations.

<PAGE>

On December 16, 2004, the Financial Accounting Standards Board (FASB) issued
FASB Statement No. 123 (revised 2004), Share-Based Payment, which is a revision
of FASB Statement No. 123, Accounting for Stock-Based Compensation. Statement
123(R) supersedes APB Opinion No. 25, Accounting for Stock Issued to Employees,
and amends FASB Statement No. 95, Statement of Cash Flows. The approach to
accounting for share-based payments in Statement 123(R) is similar to the
approach described in Statement 123. However, Statement 123(R) requires all
share-based payments to employees, including grants of employee stock options,
to be recognized in the financial statements based on their fair values and no
longer allows pro forma disclosure as an alternative to financial statement
recognition. The Company will be required to adopt Statement 123(R) at the
beginning of its quarter ending March 31, 2006. The Company has not determined
what financial statement impact Statement 123(R) will have on the Company.

COMMITMENTS

Our commitments that are required to be disclosed in tabular form as of
September 30, 2006 including a subsequent employment and consulting agreements
entered into through September 30, 2006, are as follows;

<TABLE>
<CAPTION>
                                        2006       2007      2008      2009      2010
                                      --------   -------   -------   -------   -------
<S>                                   <C>        <C>       <C>       <C>       <C>
Convertible Debentures (in default)   $125,000        --        --        --        --
Notes payable - Global                $ 52,275        --        --        --        --
Due to Stockholders                   $281,576        --        --        --        --
Redeemable preferred                  $471,215        --        --        --        --
Operating leases                      $ 44,436    44,436     7,406        --        --
Employment agreements                 $240,000   240,000   240,000   240,000   240,000
Consulting agreements                 $ 60,000        --        --        --        --
</TABLE>

OFF BALANCE SHEET ARRANGEMENTS

We do not have any off balance sheet arrangements.

Item 3: Controls and Procedures

We maintain a set of disclosure controls and procedures designed to ensure that
information required to be disclosed by us in the reports filed under the
Securities Exchange Act, is recorded, processed, summarized and reported within
the time periods specified by the SEC's rules and forms. Disclosure controls are
also designed with the objective of ensuring that this information is
accumulated and communicated to our management, including our chief executive
officer and chief financial officer, as appropriate to allow timely decisions
regarding required disclosure.

Based upon their evaluation as of the end of the period covered by this report,
our chief executive officer and chief financial officer concluded that, our
disclosure controls and procedures are effective to ensure that information
required to be included in our periodic SEC filings is recorded, processed,
summarized, and reported within the time periods specified in the SEC rules and
forms.

In addition to the matters discussed above, the independent registered public
accounting firm responsible for the audit of Web2 Corp's financial statements as
of and for the year ending December 31, 2006 must attest to and issue a report
on management's assessment of the design and operational effectiveness of our
internal control over financial reporting. Although we intend to conduct a
rigorous review of our internal control over financial reporting to help achieve
compliance with the Section 404 requirements of the Sarbanes-Oxley Act, if our
independent registered public accounting firm is not satisfied with our internal
control over financial reporting or with the level at which it is documented,
designed, operated or reviewed, they may decline to attest to management's
assessment or may issue a qualified report identifying either a significant
deficiency or a material weakness in our internal controls. This could result in
significant additional expenditures responding to the Section 404 internal
control audit, a diversion of management attention and potentially an adverse
reaction to our common stock in the financial markets.

<PAGE>

Limitations of Disclosure Controls and Procedures

Our management, including our chief executive officer and chief financial
officer does not expect that our disclosure controls or internal control over
financial reporting will prevent all errors or all instances of fraud. A control
system, no matter how well designed and operated, can provide only reasonable,
not absolute, assurance that the control system's objectives will be met.
Further, the design of a control system must reflect the fact that there are
resource constraints, and the benefits of controls must be considered relative
to their costs. Because of the inherent limitations in all control systems, no
evaluation of controls can provide absolute assurance that all control issues
and instances of fraud, if any, within our Company have been detected. These
inherent limitations include the realities that judgments in decision-making can
be faulty, and that breakdowns can occur because of simple error or mistake.
Controls can also be circumvented by the individual acts of some persons, by
collusion of two or more people, or by management override of the controls. The
design of any system of controls is based in part upon certain assumptions about
the likelihood of future events, and any design may not succeed in achieving its
stated goals under all potential future conditions. Over time, controls may
become inadequate because of changes in conditions or deterioration in the
degree of compliance with policies or procedures. Because of the inherent
limitation of a cost-effective control system, misstatements due to error or
fraud may occur and not be detected.

<PAGE>

                           PART II - OTHER INFORMATION

Item 1: Legal Proceedings

      None.

Item 2: Changes in Securities

      (a)   None

      (b)   None

      (c)   None

      (d)   Not Applicable.

Item 3.: Defaults upon Senior Securities

      None.

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

      None

Item 5.: Other Information

      None

Item 6.: Exhibits

      (a) The following exhibits are filed as part of this report:

            31.1  Certification of Chief Executive Officer of Periodic Report
                  pursuant to Rule 13a-14a and Rule 15d-14(a).

            31.2  Certification of Chief Financial Officer of Periodic Report
                  pursuant to Rule 13a-14a and Rule 15d-14(a).

            32.1  Certification of Chief Executive Officer of pursuant to 18
                  U.S.C. - Section 1350.

            32.2  Certification of Chief Financial Officer of pursuant to 18
                  U.S.C. - Section 1350.

<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.

Dated: November 10, 2006             WEB2 CORP


                                     By: /s/ William Mobley
                                         ---------------------------------------
                                         William Mobley, Chief Executive Officer


                                     By: /s/ Darren Cioffi
                                         ---------------------------------------
                                         Darren Cioffi, Chief Financial Officer