U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]      QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
         ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000.

[ ]      TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
         ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____________ TO ___________

                         Commission File No: 000-26377


                             OXIR INVESTMENTS, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                 California                           88-0397134
--------------------------------------------------------------------------------
              (State or other                       (IRS Employer
              jurisdiction of                     Identification No.)
              incorporation)


         3980 Howard Hughes Parkway, Suite 340, Las Vegas, Nevada 89109
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)


                    Issuer's telephone number: (702) 369-4260
                                                --------------------
         Securities registered under Section 12(b) of the Exchange Act:

             Common                                OTCBB
       -------------------      -----------------------------------------
       Title of each class      Name of each exchange on which registered

         Securities registered under Section 12(g) of the Exchange Act:

                  Common Stock, no par value: 21,189,000 shares

                                (Title of Class)



Amount21,189,000

                                       1
<PAGE>



                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)

                        CONSOLIDATED FINANCIAL STATEMENTS

                      September 30, 2000 and June 30, 2000



                                       2
<PAGE>


                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                           Consolidated Balance Sheet

                                     ASSETS
                                     ------

                                     September 30,   June 30,
                                         2000          2000
                                      ----------   ----------
                                     (Unaudited)
CURRENT ASSETS

   Cash and cash equivalents          $   36,546   $   64,705
   Investment in trading securities        8,931       56,928
   Prepaid expenses                        4,724        4,724
                                      ----------   ----------

     Total Current Assets                 50,201      126,357
                                      ----------   ----------

PROPERTY AND EQUIPMENT                 5,207,441    5,251,382
                                      ----------   ----------

OTHER ASSETS

   Income tax receivable                  75,000       75,000
   Related party receivable                  735        4,026
   Deposits                               16,182       15,000
                                      ----------   ----------

     Total Other Assets                   91,917       94,026
                                      ----------   ----------

     TOTAL ASSETS                     $5,349,559   $5,471,765
                                      ==========   ==========



                                       3
<PAGE>


                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                     Consolidated Balance Sheet (Continued)

<TABLE>
<CAPTION>

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

                                                         September 30,   June 30,
                                                             2000          2000
                                                          ----------   ----------
                                                         (Unaudited)
<S>                                                       <C>          <C>
CURRENT LIABILITIES

   Accounts payable                                       $  198,815   $   78,564
   Accrued expenses                                            4,461         --
   Margin account                                              2,955       56,558
   Client funds payable                                       11,034       11,034
   Current portion - mortgage payable                          1,479        1,432
                                                          ----------   ----------

     Total Current Liabilities                               218,744      147,588
                                                          ----------   ----------

LONG-TERM LIABILITY

   Mortgage payable                                          204,460      204,741
                                                          ----------   ----------

     Total Long-Term Liability                               204,460      204,741
                                                          ----------   ----------

     Total Liabilities                                       423,204      352,329
                                                          ----------   ----------

COMMITMENTS

STOCKHOLDERS' EQUITY

   Common stock: 50,000,000 shares authorized of no
    par value, 21,189,000 shares issued and outstanding    4,519,220    4,519,220
   Retained earnings                                         407,135      600,216
                                                          ----------   ----------

     Total Stockholders' Equity                            4,926,355    5,119,436
                                                          ----------   ----------

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY           $5,349,559   $5,471,765
                                                          ==========   ==========
</TABLE>




                                       4
<PAGE>




                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                      Consolidated Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                             From
                                                     For the              Inception on
                                               Three Months Ended            May 19,
                                                  September 30,          1998 Through
                                         ----------------------------      September 30,
                                             2000            1999            2000
                                         ------------    ------------    ------------
<S>                                      <C>             <C>             <C>
SALES                                    $    335,981    $       --      $    354,793

COST OF GOODS SOLD                              9,234            --            28,741
                                         ------------    ------------    ------------

GROSS MARGIN                                  326,747            --           326,052
                                         ------------    ------------    ------------

COST AND EXPENSES

   Depreciation expense                        43,942          37,353         288,284
   Rent expense                                54,577          19,813         346,372
   General and administrative                 422,910       1,980,660       3,383,568
                                         ------------    ------------    ------------

     Total Costs and Expenses                 521,429       2,037,826       4,018,224
                                         ------------    ------------    ------------

     Net (Loss) From Operations              (194,682)     (2,037,826)     (3,692,172)
                                         ------------    ------------    ------------

OTHER INCOME (EXPENSE)

   Interest expense                            (8,013)        (35,638)       (188,676)
   Realized gain on sale of marketable
    securities                                  4,850         665,871       2,535,212
   Net unrealized gain on marketable
    securities                                   --           557,289       1,754,278
   Dividends                                     --              --               128
   Other income                                 4,764            --             4,764
                                         ------------    ------------    ------------

     Total Other Income (Expense)               1,601       1,187,522       4,105,706
                                         ------------    ------------    ------------

INCOME (LOSS) BEFORE TAXES                   (193,081)       (850,304)        413,534

INCOME (TAX) BENEFIT (Note 7)                    --          (318,991)         (6,399)
                                         ------------    ------------    ------------

NET INCOME (LOSS)                        $   (193,081)   $   (531,313)   $    407,135
                                         ============    ============    ============

BASIC INCOME (LOSS) PER SHARE            $      (0.01)   $      (0.03)
                                         ============    ============

FULLY DILUTED INCOME (LOSS) PER
 SHARE                                   $      (0.01)   $      (0.03)
                                         ============    ============

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING                        21,189,000      21,100,000
                                         ============    ============
</TABLE>



                                       5
<PAGE>


                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                 Consolidated Statements of Stockholders' Equity

                                       Common Stock
                                 -------------------------      Retained
                                   Shares         Amount        Earnings
                                 -----------   -----------    -----------
Balance at inception                    --     $      --      $      --

Net income from inception on
 May 19, 1998 through
 June 30, 1998                          --            --             --
                                 -----------   -----------    -----------

Balance, June 30, 1998                  --            --             --

Shares issued to founders at
 predecessor cost of $0.00 per
 share                            13,770,000          --             --

Shares issued for trading
 securities at $0.70 per share     1,350,000       939,764           --

Common stock issued for
 cash at $1.00 per share             600,000       600,000           --

Stock issuance costs                    --        (250,000)          --

Common stock issued for
 cash at $5.00 per share             100,600       503,000           --

Common stock issued for
 related party acquisitions,
 recorded at predecessor
 cost                              5,270,000       706,005           --

Net income for the year
 ended June 30, 1999                    --            --        1,836,979
                                 -----------   -----------    -----------

Balance, June 30, 1999            21,090,600   $ 2,498,769    $ 1,836,979
                                 -----------   -----------    -----------




                                       6
<PAGE>




                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
           Consolidated Statements of Stockholders' Equity (Continued)

<TABLE>
<CAPTION>

                                                 Common Stock
                                          --------------------------      Retained
                                            Shares          Amount        Earnings
                                          -----------    -----------    -----------
<S>                                        <C>           <C>            <C>
Balance, June 30, 1999                     21,090,600    $ 2,498,769    $ 1,836,979

Common stock issued for
 cash at $5.00 per share                       39,600        198,000           --

Common stock issued for
 services at $5.00 per share                   60,000        300,000           --

Common stock retired at
 $5.00 per share                               (1,200)        (6,000)          --

Contributed capital by subsidiary                --        1,528,451           --

Net loss for the year ended
 June 30, 2000                                   --             --       (1,236,763)
                                          -----------    -----------    -----------

Balance, June 30, 2000                     21,189,000      4,519,220        600,216

Net loss for the three months ended
 September 30, 2000 (unaudited)                  --             --         (193,081)
                                          -----------    -----------    -----------

Balance, September 30, 2000 (unaudited)    21,189,000    $ 4,519,220    $   407,135
                                          ===========    ===========    ===========
</TABLE>



                                       7
<PAGE>


                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                      Consolidated Statements of Cash Flows
                                   (Unaudited)

<TABLE>
<CAPTION>


                                                                                            From
                                                                     For the            Inception on
                                                               Three Months Ended          May 19,
                                                                  September 30,         1998 Through
                                                          --------------------------    September 30,
                                                              2000           1999           2000
                                                          -----------    -----------    -----------
<S>                                                       <C>            <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES

   Net income (loss)                                      $  (193,081)   $  (531,313)   $   407,135
   Adjustments to reconcile net income to net cash
    provided by operating activities:
     Depreciation expense                                      43,941         37,353        288,283
     Common stock issued for services                            --          300,000        300,000
   Changes in assets and liabilities:
     (Increase) in prepaid expenses                              --                9         (4,724)
     (Increase) decrease in related party receivables           3,291           --             (735)
     (Increase) in deposits                                    (1,182)          --          (16,182)
     Increase (decrease) in accounts payable                  120,251        (11,731)       232,138
     Increase (decrease) in accrued liabilities                  --          247,379           --
     Increase (decrease) in accrued expenses                    4,461           --            4,461
     Increase in client funds                                    --             --          254,032
     Increase (decrease) in provision for income taxes           --         (318,991)       (75,000)
                                                          -----------    -----------    -----------

       Net Cash Provided (Used) by Operating Activities       (22,319)      (277,294)     1,389,408
                                                          -----------    -----------    -----------

CASH FLOWS FROM INVESTING ACTIVITIES

   Investment in bank                                            --         (300,000)          --
   Decrease (increase) in trading securities                   47,997      1,646,845      2,685,551
   Increase (decrease) in margin account                      (53,603)      (724,739)      (705,184)
   Purchase of property and equipment                            --         (283,869)    (2,286,371)
                                                          -----------    -----------    -----------

       Net Cash (Used) Provided by Investing Activities        (5,606)       338,237       (306,004)
                                                          -----------    -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES

   Proceeds from notes payable                                   --             --          208,000
   Payments on notes payable                                     (234)          (315)        (2,061)
   Stock issuance costs                                          --             --         (250,000)
   Common stock issued for cash                                  --             --        1,301,000
   Retirement of common stock                                    --             --           (6,000)
   Advances to related parties                                   --             --       (2,337,867)
   Cash from subsidiaries                                        --             --           40,070
                                                          -----------    -----------    -----------

       Net Cash (Used) Provided by Financing Activities          (234)          (315)    (1,046,858)
                                                          -----------    -----------    -----------

NET INCREASE IN CASH AND CASH EQUIVALENTS                     (28,159)        60,628         36,546

CASH AND CASH EQUIVALENTS AT BEGINNING OF
 PERIOD                                                        36,546         52,627           --
                                                          -----------    -----------    -----------

CASH AND CASH EQUIVALENTS AT END OF
 PERIOD                                                   $    14,690    $   113,255    $    36,546
                                                          ===========    ===========    ===========
</TABLE>



                                       8
<PAGE>


                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                Consolidated Statements of Cash Flows (Continued)
                                   (Unaudited)


                                                                    From
                                              For the            Inception on
                                         Three Months Ended        May 19,
                                            September 30,        1998 Through
                                       ---------------------     September 30,
                                         2000         1999          2000
                                       --------     --------     ----------
SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for:

   Interest                            $    8,013   $   27,395   $  181,936
   Income taxes                        $     --     $     --     $   81,339

NON-CASH ITEMS

   Common stock issued for services    $     --     $  300,000   $  300,000
   Contributed capital by subsidiary   $     --     $     --     $1,528,451



                                       9
<PAGE>


                     OXIR INVESTMENTS, INC. AND SUBSIDIARIES
                          (A Development Stage Company)
                 Notes to the Consolidated Financial Statements
                      September 30, 2000 and June 30, 2000


NOTE 1 -      CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

              The  accompanying  consolidated  financial  statements  have  been
              prepared  by  the  Company   without  audit.  In  the  opinion  of
              management,  all adjustments  (which include only normal recurring
              adjustments)   necessary  to  present   fairly  the   consolidated
              financial  position,  result  of  operations  and  cash  flows  at
              September  30,  2000 and 1999 and for all periods  presented  have
              been made.

              Certain information and footnote  disclosures normally included in
              consolidated  financial  statements  prepared in  accordance  with
              generally  accepted  accounting  principles have been condensed or
              omitted.  It  is  suggested  that  these  condensed   consolidated
              financials  tatements be read in  conjunction  with the  financial
              statements  and notes thereto  included in the Company's  June 30,
              2000 audited  consolidated  financial  statements.  The results of
              operations  for the period ended  September  30, 2000 and 1999 are
              not necessarily  indicative of the operating  results for the full
              years.

NOTE 2 -      GOING CONCERN

              The Company's  financial  statements are 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.  The Company has not
              yet established an ongoing source of revenues  sufficient to cover
              its operating  costs and allow it to continue as a going  concern.
              The  ability of the  Company  to  continue  as a going  concern is
              dependent on the Company's  ability to establish an ongoing source
              of revenues or obtain  adequate  capital to fund operating  losses
              until it becomes profitable. If the Company is unable to establish
              an ongoing source of revenues or obtain adequate capital, it could
              be forced to cease operations.

              In order to continue as a going concern, develop a reliable source
              of revenues,  and achieve a profitable  level of  operations,  the
              Company  will  need,  among  other  things,   additional   capital
              resources.  Management's  plans  to  continue  as a going  concern
              include raising  additional capital through sales of common stock,
              the  proceeds  of which  would be used to  continue to develop its
              existing  projects  which  include a real  estate,  financial  and
              computer systems  activities.  Other plans may include the raising
              of additional capital and the continued development of its current
              and planned  operations.  Private placements and other sources are
              being   considered.   However,   management   cannot  provide  any
              assurances  that the Company will be successful  in  accomplishing
              any of its plans.

              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  secure other
              sources  of  financing  and  attain  profitable  operations.   The
              accompanying  financial  statements do not include any adjustments
              that might be  necessary if the Company is unable to continue as a
              going concern.



                                       10
<PAGE>


Item 2.  Management's Discussion and Analysis or Plan of Operations

         The Company continues to pursue strategic  alternatives to maximize the
value of its portfolio of businesses.  Some of these alternatives have included,
and will continue to include selective  acquisitions,  establishing new projects
and launching new subsidiaries.  The Company has provided,  and may from time to
time in the future, provide information to interested parties regarding portions
of its businesses for such purposes.

Results of Operations

         For the three months  ended  September  30, 2000  compared to the three
months ended September 30, 1999.

         The Company  reported net loss  applicable  to common  stockholders  of
$193,081 or $.01 per share, for the three-month  period ended September 30, 2000
("first quarter of 2000"),  compared to a $531,313 loss, or $.03 per share,  for
the three month period ended September 30, 1999 ("first quarter of 1999").  This
increase in net income is due primarily to the increase in the Company sales and
gross margin.

         The Company  recognized  $335,981 in sales during the first  quarter of
2000  compared to no sales in 1999.  The Company  realized a gain on the sale of
marketable  securities of $4,850 and no unrealized gain during the first quarter
of 2000,  compared to $665,871 realized gain and $557,289 unrealized gain during
the first  quarter of 1999.  The  difference is attributed to sale of marketable
securities to finance operations.

         During the first quarter of 2000,  the Company had interest  expense of
$8,013 compared to $35,638 for the 1999 period,  which reflects interest paid on
the Company's margin accounts.  General and administrative expenses decreased to
$422,910 for the first quarter of 2000 from  $1,980,660 for the first quarter of
1999,  and rent  expense  increased to $54,577 from $19,813 for the same period.
The drastic  decrease in G&A expenses is attributed to large amount  invested in
1999  in  launching  of new  operations  and new  subsidiaries  in  Russia.  The
depreciation  expense for the first quarter 2000 was $43,942 compared to $37,353
for the first quarter of 1999.

         A tax  provision  has been made for the first  quarter  of 2000 and the
fiscal year ended June 30, 2000 based on pre-tax capital gains. The Company pays
taxes under both the British Virgin Islands and United States tax laws.

Liquidity and Capital Resources

         Total cash and cash  equivalents  at  September  30,  2000 was  $36,546
compared to $64,705 at June 30, 2000.  Also at September  30, 2000,  the Company
had $8,931 in investments in trading securities compared to $ 56,928 at June 30,
2000.

         Net cash used by operating activities for the first quarter of 2000 was
$22,319  compared to $277,294  used in the first  quarter of 1999.  This was due
primarily to the decrease in the Company's net loss for the quarter.

         Net cash used by investing activities for the first quarter of 2000 was
$5,606  compared to $338,237  provided for the comparable  1999 period.  This is
attributed  primarily to the  decrease in trading  securities  and  consequently
decreases in margin account.

         Net cash used by financing activities was $234 for the first quarter of
2000  compared  to $315 used in the first  quarter of 1999.  This  reflects  the
payments on notes payable.



                                       11
<PAGE>


         At September  30, 2000 the Company had total assets of  $5,349,559  and
stockholders' equity of $4,926,355. In comparison, at June 30, 2000, the Company
had total assets of $5,471,765  and total  stockholders'  equity of  $5,119,436.
Working  capital was a negative  $168,543 at September  30, 2000,  compared to a
negative $21,231 at June 30, 2000.

         The Company  anticipates  meeting its working  capital needs during the
next twelve  months  primarily  with  revenues  from its operating and investing
activities  or, if necessary  from the sale of  securities.  Management  has not
entered into any  arrangements or definitive  agreements for additional sales of
securities,  either  through a private  placement or a public  offering.  If the
Company's operations are not adequate to fund its operations and it is unable to
secure  financing from the sale of its securities or from private  lenders,  the
Company could experience a cash flow shortage, which could curtail the Company's
operations.

         In the opinion of management,  inflation has not had a material  effect
on the operations of the Company.

Risk Factors and Cautionary Statements

         This Report contains certain  forward-looking  statements.  The Company
wishes to advise readers that actual results may differ  substantially from such
forward-looking   statements.   Forward-looking  statements  involve  risks  and
uncertainties  that could cause actual results to differ  materially  from those
expressed in or implied by the  statements,  including,  but not limited to, the
following: the possible success of the Company's varied projects, the volatility
of the  financial  markets  in which the  Company  invests,  the  ability of the
Company to fund its current and future projects and its ability to meet its cash
and working  capital needs,  and other risks detailed in the Company's  periodic
report filings with the Securities and Exchange Commission.

PART II

ITEM 1.  LEGAL PROCEEDINGS

         There are presently no material pending legal  proceedings to which the
Company or any of its subsidiaries is a party or to which any of its property is
subject and, to the best of its knowledge,  no such actions  against the Company
are contemplated or threatened.

ITEM 2.  CHANGES IN SECURITIES

         None.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None.

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

         None.


                                       12
<PAGE>


ITEM 5.  OTHER INFORMATION

As of July 1, 2000 Mr. Alexander Sarkissian, Vice President of Economic Affairs,
had resigned  from his  position.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

         (a)   Exhibit 27.1 - Financial Data Schedule

         (b)   Reports on Form 8-K

               None.


                                   SIGNATURES

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



                                 OXIR INVESTMENTS, INC.

Date: November 17, 2000          By: /s/ VASSILI I. OXENUK
-----------------------          -------------------------
                                         Vassili I. Oxenuk,
                                         President and Director
                                         (Principal Executive Officer)


Date: November 17, 2000          By: /s/ MICHAEL SMIRNOV
-----------------------          -----------------------
                                         Michael Smirnov, Vice President,
                                         Chief Financial Officer and
                                         Director (Principal Financial Officer)

                                       13