SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                FORM 10-QSB
(Mark One)

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

                      For the quarterly period ended
                              September 30, 1999

   OR

[  ]            TRANSITION REPORT PURSUANT TO SECTION 13 OR
               15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
                      For the transition period from
                                      to


                      Commission file number 0-26405

                               ABBACY CORPORATION
          (Exact name of registrant as specified in its charter)



     Delaware                                           52-2174895
(State or other jurisdiction of                     (I.R.S. Employer
incorporation or organization)                      Identification No.)


                1504 R Street, N.W., Washington, D.C. 20009
           (Address of principal executive offices  (zip code))

                              202/387-5400
           (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the last 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


Indicate the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date.


             Class                        Outstanding at September 30, 1999

Common Stock, par value $0.0001                    5,000,000



<PAGE>
                      PART I -- FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS

                            ABBACY CORPORATION
                        (A DEVELOPMENT STAGE COMPANY)
                               Balance Sheet
                              September 30, 1999
                                (Unaudited)

                                  ASSETS


Cash                                                   $      500

TOTAL ASSETS                                           $      500



                     LIABILITIES AND STOCKHOLDER'S EQUITY


LIABILITIES                                            $     -

STOCKHOLDER'S EQUITY

   Preferred Stock, $.0001 par value, 20 million
    shares authorized, zero issued and outstanding           -
   Common Stock, $.0001 par value, 100 million
    shares authorized, 5,000,000 issued
    and outstanding                                          500
   Additional paid-in capital                              4,830
   Deficit accumulated during development stage           (4,830)

     Total Stockholder's Equity                              500

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY             $     500



               See accompanying notes to financial statements.



                             ABBACY CORPORATION
                        (A DEVELOPMENT STAGE COMPANY)
                           STATEMENT OF OPERATIONS
                               September 30, 1999
                                  (unauditd)


Income                                          $      -

Expenses
 Executive services contributed by president          3,500
 Organization expense                                   580
 Professional fees                                      750

   Total expenses                                     4,830

NET LOSS                                        $    (4,830)




               See accompanying notes to financial statements.




                              ABBACY CORPORATION
                        (A DEVELOPMENT STAGE COMPANY)
                           STATEMENT OF CHANGES IN
                             STOCKHOLDER'S EQUITY
                           Ended September 30, 1999
                                (unaudited)

                                                  Deficit
                                    Additional  Accumulated
                            Common   Paid-In    During Devel-
                            Stock    Capital    opment Stage     Total

Common stock issuance      $   500   $    -     $         -    $   500

Fair value of services
 and expenses contributed     -         4,830             -      4,830

Net loss for the period
 ended September 30, 1999    -          -             (4,830)  (4,830)

BALANCE AT SEP 30, 1999   $   500   $  4,830   $      (4,830) $   500





                             ABBACY CORPORATION
                        (A DEVELOPMENT STAGE COMPANY)
                           STATEMENT OF CASH FLOWS
                             September 30, 1999
                               (unaudited)


CASH FLOWS FROM
 OPERATING ACTIVITIES:

Net loss                                             $   (4,830)
Adjustment to reconcile net loss
 to net cash used by operating activities:

Capitalized services and expenses                         4,830

 Net cash used in operating activities                     -

CASH FLOWS FROM INVESTING ACTIVITIES                       -

CASH FLOWS FROM FINANCING ACTIVITIES:

   Proceeds from issuance of common stock                   500

 Net cash provided by financing activities                  500

INCREASE IN CASH AND CASH EQUIVALENTS                       500

CASH AND CASH EQUIVALENTS   BEGINNING OF PERIOD            -

CASH AND CASH EQUIVALENTS   END OF PERIOD            $      500





               See accompanying notes to financial statements.


                             ABBACY CORPORATION
                        (A DEVELOPMENT STAGE COMPANY)
                        NOTES TO FINANCIAL STATEMENTS
                             SEPTEMBER 30, 1999
                               (UNAUDITED)

NOTE  1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

       A.  Organization and Business Operations

       Abbacy Corporation (a development stage company) ("the Company")
       was incorporated in Delaware on June 7, 1999 to serve as a vehicle to
       effect a merger, exchange of capital stock, asset acquisition or
       other business combination with a domestic or foreign private
       business.

       The Company's ability to commence operations is contingent upon its
       ability to identify a prospective target business and raise the
       capital it will require through the issuance of equity securities,
       debt securities, bank borrowings or a combination thereof.

       B.  Use of Estimates

       The preparation of the 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.

       C.  Cash and Cash Equivalents

       For purposes of the statement of cash flows, the Company considers
       all highly liquid investments purchased with an original maturity of
       three months or less to be cash equivalents.

       D.  Income Taxes

       The Company accounts for income taxes under the Financial Accounting
       Standards Board of Financial Accounting Standards No. 109,
       "Accounting for Income Taxes" ("Statement 109"). Under Statement 109,
       deferred tax assets and liabilities are recognized for the future tax
       consequences attributable to differences between the financial
       statement carrying amounts of existing assets and liabilities and
       their respective tax basis. Deferred tax assets and liabilities are
       measured using enacted tax rates expected to apply to taxable income
       in the years in which those temporary differences are expected to be
       recovered or settled.  Under Statement 109, the effect on deferred
       tax assets and liabilities of a change in tax rates is recognized in
       income in the period that includes the enactment date. There were no
       current or deferred income tax expense or benefits due to the Company
       not having any material operations for the period ending June 7, 1999.

NOTE  2 - STOCKHOLDER'S EQUITY

       A.  Preferred Stock

       The Company is authorized to issue 20,000,000 shares of preferred
       stock at $.0001 par value, with such designations, voting and other
       rights and preferences as may be determined from time to time by the
       Board of Directors.

       B.  Common Stock

       The Company is authorized to issue 100,000,000 shares of common stock
       at $.0001 par value.  The Company issued 5,000,000 shares of its
       common stock to TPG Capital Corporation pursuant to Rule 506 for an
       aggregate consideration of $500.

       C.  Additional Paid-In Capital

       Additional paid-in capital represents the fair value
       of services contributed to the Company by its president and the
       amount of organization and professional costs incurred by TPG Capital
       on behalf of the Company. (See Note 3)

NOTE 3   AGREEMENT

       On June 7, 1999, the Company signed an agreement with TPG Capital
       Corporation (TPG), a related entity (See Note 4).  The Agreement
       calls for TPG to provide the following services, without
       reimbursement from the Company, until the Company enters into a
       business combination as described in Note 1A

       1.  Preparation and filing of required documents with the
           Securities and Exchange Commssion;
       2.  Location and review of potential target companies;
       3.  Payment of all corporate, organizational, and other costs
           incurred by the Company.

NOTE 4 - RELATED PARTIES

       Legal counsel to the Company is a firm owned by a director of the
       Company who also owns a controlling interest in the outstanding stock
       of TPG Capital Corporation. (See Note 3)

NOTE 5 -   SUBSEQUENT EVENT

       Subsequent to the period covered by these financial statements
       Abbacy Corporation merged with and into CBCom, Inc., a Delaware
       corporation and Abbacy Corporationb became the successor issuer.
       A Form 8-K was filed on October 27, 1999 noticing the merger.

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

     The Company has registered its common stock on a Form 10-SB
registration statement filed pursuant to the Securities Exchange Act of
1934 (the "Exchange Act") and Rule 12(g) thereof.  The Company files with
the Securities and Exchange Commission periodic and episodic reports under
Rule 13(a) of the Exchange Act, including quarterly reports on Form 10-QSB
and annual reports Form 10-KSB.  As a reporting company under the Exchange
Act, the Company may register additional securities on Form S-8 (provided
that it is then in compliance with the reporting requirements of the
Exchange Act) and on Form S-3 (provided that is has during the prior 12
month period timely filed all reports required under the Exchange Act).

     The Company was formed to engage in a merger with or acquisition of an
unidentified foreign or domestic private company which desires to become a
reporting company whose securities have been registered under
the Exchange Act.  Until its merger with CBCom, Inc. on October 21, 1999,
the Company may have been deemed to meet the definition of a
"blank check" company contained in Section (7)(b)(3) of the Securities Act
of 1933, as amended.

     Management believes that there are perceived benefits to being a
reporting company which may be attractive to foreign and domestic
private companies.

     These benefits are commonly thought to include

     (1) the ability to use securities to make acquisition of assets or
           businesses;
     (2) increased visibility in the financial community;
     (3) the facilitation of borrowing from financial institutions;
     (4) improved trading efficiency;
     (5) the potential for shareholder liquidity;
     (6) greater ease in subsequently raising capital;
     (7) compensation of key employees through options for stock
           for which there may be a public market;
     (8) enhanced corporate image; and,
     (9) a presence in the United States capital market.

     A private company which may be interested in a business combination
with the Company may include

     (1) a company for which a primary purpose of becoming a reporting
            company is the use of its securities for the acquisition of
            assets or businesses;
     (2) a company which is unable to find an underwriter of its securities
            or is unable to find an underwriter of securities on terms
            acceptable to it;
      (3) a company which wishes to become a reporting company with less
            dilution of its common stock than would occur normally upon an
            underwriting;
      (4) a company which believes that it will be able obtain
            investment capital on more favorable terms after it has become
            a reporting company;
      (5) a foreign company which may wish an initial entry into the
            United States securities market;
      (6) a special situation company, such as a company seeking to satisfy
            redemption requirements under a qualified Employee Stock Option
            Plan; and,
      (7) a company seeking one or more of the other benefits believed to
            attach to a reporting company.

     Management was actively engaged in seeking a qualified private company
as a candidate for a business combination.  The Company entered into a
merger agreement on October 21, 1999 and filed with the Securities and
Exchange Commission a Form 8-K noticing such merger on October 27, 1999.
Pursuant to the merger, CBCom, Inc. has become the successor issuer to
the Company.  Persons reading this Form 10-QSB are advised to read the
Form 8-K filed for Abbacy Corporation which can be located in the Securities
and Exchange Commission's Edgar filing achieves at www.SEC.gov.

     The current shareholders of the Company have agreed not to sell or
otherwise transfer any of their common stock of the Company except in
connection with a business combination.

     The Company does not intend to trade its securities in the secondary
market until completion of a business combination.  It is anticipated that
following such occurrence the Company will take the steps required
to cause its common stock to be admitted to quotation on the
NASD OTC Bulletin Board or, if it then meets the financial and other
requirements thereof, on the Nasdaq SmallCap Market, National Market System
or regional or national exchange.

COMPUTER SYSTEMS REDESIGNED FOR YEAR 2000

     Many existing computer programs use only two digits to identify a year
in such program's date field.  These programs were designed and developed
without consideration of the impact of the change in the century for
which four digits will be required to accurately report the date.  If not
corrected, many computer applications could fail or create erroneous results
by or following the year 2000 ("Year 2000 Problem").  Many of the computer
programs containing such date language problems have not been corrected by
the companies or governments operating such programs.  The Company does not
have operations and does not maintain computer systems.  However, it is
impossible to predict what computer programs will be effected, the impact
any such computer disruption will have on other industries or commerce or the
severity or duration of a computer disruption.

     Before the company enters into any business combination, it will inquire
as to the status of any target company's Year 2000 Problem, the steps such
target company has taken to correct any such problem and the probable impact
on such target company of any computer disruption.  However, there can be
no assurance that the Company will not combine with a target company that
has an uncorrected Year 2000 Problem or that any such Year 2000 Problem
corrections are sufficient.  The extent of the Year 2000 Problem of a
target company may be impossible to ascertain and its impact on the
Company is impossible to predict.

                       PART II -- OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

     There are no legal proceedings against the Company and the Company is
unaware of such proceedings contemplated against it.

ITEM 2.  CHANGES IN SECURITIES

     Not applicable.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

     Not applicable.

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

     Not applicable.

ITEM 5.  OTHER INFORMATION

     Not applicable.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

     (a)     Exhibits

      Exhibit 4

     --  Certificate of Incorporation filed as an exhibit to the Company's
      registration statement on Form 10-SB (File No. 0-26405) filed on
      June 17, 1999 and is incorporated herein by reference.

     --  By-Laws filed as an exhibit to the Company's registration
      statement on Form 10-SB (File No. 0-26405) filed on June 17, 1999
      which is incorporated herein by reference.

     --  Lock up agreement filed as an exhibit to amendment no. 1 to
       the Company's registration statement on Form 10-SB
       (File No. 0-26405) filed on June 17, 1999 which is
       incorporated herein by reference.

      --  Agreement with TPG Capital Corporation filed as an exhibit to
       amendment no. 1 to the Company's registration statement on Form
       10-SB (File No. 0-26405) filed on June 17, 1999 which is
       incoprorated herein by reference.

     (b)     Reports on Form 8-K

     There were no reports on Form 8-K filed by the Company during the
quarter.  The Company filed a report on Form 8-K on October 27, 1999,
subsequent to the period covered by this report noticing the merger of
Abbacy Corporation with and into CBCom, Inc.



<PAGE>
                                SIGNATURES


     Pursuant to 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 thereunto duly authorized.

                                  ABBACY CORPORATION



                                  By:      /s/ James M. Cassidy
                                           James M. Cassidy, President

Dated:  November 12, 1999