<PAGE>   1

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

                                   FORM 10-QSB

(Mark One)

/X/     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
        EXCHANGE ACT OF 1934
        FOR THE QUARTERLY PERIOD ENDED September 30, 1999.

                                       OR

/ /     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF 1934
        FOR THE TRANSITION FROM _______ TO ________.

                        COMMISSION FILE NUMBER 000-26903

                           EBONY & GOLD VENTURES, INC
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                   Nevada                                 88-0409153
      -------------------------------                 -------------------
      (State or other jurisdiction of                  (I.R.S. Employer
       incorporation or organization)                 Identification No.)

    2980 S. Rainbow Boulevard, Suite 108
           Las Vegas, Nevada                                89146
   ----------------------------------------               ----------
   (Address of principal executive offices)               (Zip Code)

                                       N/A
                 ----------------------------------------------
                 (Former name, former address and former fiscal
                      year, if changed since last report.)

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 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 / /

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

        At September 30, 1999, there were outstanding 2,100,000 shares of the
        Registrant's Common Stock, $.001 par value.

Transitional Small Business Disclosure Format:  Yes / /   No /X/

<PAGE>   2

                                     PART I

                              FINANCIAL INFORMATION

Item I. Financial Statements

<PAGE>   3

                           EBONY & GOLD VENTURES, INC.
                          (A DEVELOPMENT STAGE COMPANY)
                                   (UNAUDITED)

                              FINANCIAL STATEMENTS
                               September 30, 1999
                                 March 31, 1999

<PAGE>   4

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                              PAGE
                                                              ----
<S>                                                           <C>
BALANCE SHEET - ASSETS                                           1

BALANCE SHEET - LIABILITIES AND STOCKHOLDERS' EQUITY             2

STATEMENT OF OPERATIONS                                          3

STATEMENT OF STOCKHOLDERS' EQUITY                                4

STATEMENT OF CASH FLOWS                                          5

NOTES TO FINANCIAL STATEMENTS                                 6-10
</TABLE>

<PAGE>   5

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

                                     ASSETS

<TABLE>
<CAPTION>
                                              9 Mos Ending        Year Ended
                                              Sep. 30,1999        Dec.31,1998
                                              ------------        -----------
                                              (Unaudited)         (Audited)
<S>                                           <C>                 <C>
CURRENT ASSETS                                    $0                  $0
                                                  --                  --
   TOTAL CURRENT ASSETS                           $0                  $0
                                                  --                  --
OTHER ASSETS                                      $0                  $0
                                                  --                  --
   TOTAL OTHER ASSETS TOTAL ASSETS                $0                  $0
                                                  --                  --
   TOTAL ASSETS                                   $0                  $0
                                                  --                  --
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                      -1-
<PAGE>   6

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                                  BALANCE SHEET

                      LIABILITIES AND STOCKHOLDERS' EQUITY

<TABLE>
<CAPTION>
                                             9 Mos Ending        Year Ended
                                             Sep. 30,1999        Dec.31,1998
                                             ------------        -----------
                                             (Unaudited)         (Audited)
<S>                                            <C>                 <C>
CURRENT LIABILITIES
   Officers Advances (Note 6)                  $ 17,189           $     0
                                               --------           -------
TOTAL CURRENT LIABILITIES                      $ 17,189           $     0
                                               --------           -------

STOCKHOLDERS EQUITY (Note 1)

Common stock, $.001 par value
authorized 25,000,000 shares
issued and outstanding at
December 31, 1998 - 2,100,000 shares                              $ 2,100
September 30, 1999 - 2,100,000 shares          $  2,100

   Additional paid in Capital                         0                 0

   Deficit accumulated during
   Development stage                            -19,289            -2,100
                                               --------           -------
TOTAL STOCKHOLDERS' EQUITY                     $-17,189           $     0
                                               --------           -------

TOTAL LIABILITIES AND
STOCKHOLDERS EQUITY                            $      0           $     0
                                               --------           -------
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                      -2-
<PAGE>   7

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                             STATEMENT OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                  Oct.3, 1996
                         3 Mos Ended    3 Mos Ended   9 Mos Ended   9 Mos Ended   (Inception)
                          Sep. 30,       Sep. 30,      Sep. 30,      Sep. 30,     to Sep. 30,
                            1999           1998          1999          1998          1999
                         -----------    -----------   -----------   -----------   -----------
<S>                      <C>            <C>           <C>           <C>           <C>
REVENUE:                 $        0     $        0    $        0    $        0    $        0
                         ----------     ----------    ----------    ----------    ----------

EXPENSES:
  General, Selling
  and Administrative     $    3,964     $        0    $   17,189    $        0    $   19,289
                         ----------     ----------    ----------    ----------    ----------
  Total Expenses         $    3,964     $        0    $   17,189    $        0    $   19,289
                         ----------     ----------    ----------    ----------    ----------
Net Profit/Loss (-)      $   -3,964     $        0    $  -17,189    $        0    $  -19,289
                         ----------     ----------    ----------    ----------    ----------

Net Profit/Loss(-)
per weighted
share (Note 2)           $   -.0019     $      NIL    $   -.0082    $      NIL    $   -.0092
                         ----------     ----------    ----------    ----------    ----------

Weighted average
number of common
shares outstanding        2,100,000      2,100,000     2,100,000     2,100,000     2,100,000
                         ----------     ----------    ----------    ----------    ----------
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                      -3-
<PAGE>   8

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                   STATEMENT OF CHANGES IN STOCKHOLDER EQUITY

<TABLE>
<CAPTION>
                                                             Additional       Accumu-
                                  Common         Stock        paid-in         lated
                                  Shares         Amount       Capital        Deficit
                                ---------       -------      ----------      --------
<S>                             <C>             <C>            <C>          <C>
Balance,
December 31, 1996                  21,000       $ 2,100        $    0       $ -2,100

Net loss year ended
December 31, 1997                                                                  0
                                ---------       -------        ------       --------

Balance,
December 31, 1997                  21,000       $ 2,100        $    0       $ -2,100

Net loss year ended
December 31, 1998                                                                  0
                                ---------       -------        ------       --------

Balance,
December 31, 1998                  21,000       $ 2,100        $    0       $ -2,100

February 19, 1999
Changed from no par
Value to $.001                                   -2,079        +2,079

February 19, 1999
Forward stock split
100:1                           2,079,000        +2,079        -2,079

Net loss January 1,
1999 to
September 30, 1999                                                           -17,189
                                ---------       -------        ------       --------
Balance,
September 30, 1999              2,100,000       $ 2,100        $    0       $-19,289
                                ---------       -------        ------       --------
</TABLE>


    The accompanying notes are an integral part of these financial statements


                                      -4-
<PAGE>   9

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                             STATEMENT OF CASH FLOWS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                                     Oct. 3, 1996
                             3 Mos Ended    3 Mos Ended   9 Mos Ended   9 Mos Ended   (Inception)
                              Sep. 30,       Sep. 30,      Sep. 30,       Sep 30,     to Sep. 30,
                                1999           1998          1999          1998          1999
                             -----------    -----------   -----------   -----------   -----------
<S>                           <C>               <C>        <C>              <C>         <C>
Cash Flow from
Operating Activities
Net Loss                      $-3,964           $0         $-17,189         $0          $-19,289

Adjustment to reconcile
net loss to net cash
provided by operating
activities                          0            0                0          0                 0

Changes in Assets
and Liabilities
Increase in current
Liabilities

Officers Advances              +3,964            0          +17,189          0          $+17,189
                              -------           --         --------         --          --------

Net cash used in
operating Activities          $     0           $0         $      0         $0          $ -2,100

Cash Flows from
Investing Activities                0            0                0          0                 0

Cash Flows from
Financing Activities
Issuance of Common
Stock                               0            0                0          0            +2,100
                              -------           --         --------         --          --------
Net increase
(decrease)
in cash                       $     0           $0         $      0         $0          $      0

Cash, beginning
of period                           0            0                0          0                 0
                              -------           --         --------         --          --------

Cash, end of period           $     0           $0         $      0         $0          $      0
                              -------           --         --------         --          --------
</TABLE>

    The accompanying notes are an integral part of these financial statements


                                      -5-
<PAGE>   10

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                          NOTES TO FINANCIAL STATEMENTS

                    September 30, 1999, and December 31, 1998

NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY

        The Company was organized October 3, 1996, under the laws of the State
        of Nevada as Ebony & Gold Ventures, Inc. The Company currently has no
        operations and in accordance with SFAS #7, is considered a development
        company.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

        Accounting Method

                The Company records income and expenses on the accrual method.

        Estimates

                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 revenue and expenses during the reporting
                period. Actual results could differ from those estimates.

        Cash and equivalents

                The Company maintains a cash balance in a non-interest-bearing
                bank that currently does not exceed federally insured limits.
                For the purpose of the statements of cash flows, all highly
                liquid investments with the maturity of three months or less are
                considered to be cash equivalents. There are no cash equivalents
                as of September 30, 1999.


                                      -6-
<PAGE>   11

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                    September 30, 1999, and December 31, 1998

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Income Taxes

        Income taxes are provided for using the liability method of accounting
        in accordance with Statement of Financial Accounting Standards No. 109
        (SFAS #109) "Accounting for Income Taxes". A deferred tax asset or
        liability is recorded for all temporary difference between financial and
        tax reporting. Deferred tax expense (benefit) results from the net
        change during the year of deferred tax assets and liabilities.

Loss Per Share

        Net loss per share is provided in accordance with Statement of Financial
        Accounting Standards No. 128 (SFAS #128) "Earnings Per Share". Basic
        loss per share is computed by dividing losses available to common
        stockholders by the weighted average number of common shares outstanding
        during the period. Diluted loss per share reflects per share amounts
        that would have resulted if dilative common stock equivalents had been
        converted to common stock. As of December 31, 1998, the Company had no
        dilative common stock equivalents such as stock options.

Year End

        The Company has selected December 31st as its year-end.


                                      -7-
<PAGE>   12

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                    September 30, 1999, and December 31, 1998

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

        Year 2000 Disclosure

                The year 2000 issue is the result of computer programs being
                written using two digits rather than four to define the
                applicable year. Computer programs that have time sensitive
                software may recognize a date using "00" as the year 1900 rather
                than the year 2000. This could result in a system failure or
                miscalculations causing disruption of normal business
                activities. Since the Company currently has no operating
                business and does not use any computers, and since it has no
                customers, suppliers or other constituents, there are no
                material Year 2000 concerns.

NOTE 3 - INCOME TAXES

        There is no provision for income taxes for the period ended June 30,
        1999, due to the net loss and no state income tax in Nevada, the state
        of the Company's domicile and operations. The Company's total deferred
        tax asset as of December 31, 1998, is as follows:

<TABLE>
<S>                                                         <C>
           Net operation loss carry forward                 $2,100
           Valuation allowance                              $2,100

           Net deferred tax asset                           $    0
</TABLE>


        The federal net operating loss carry forward will expire in 2016.

        This carry forward may be limited upon the consummation of a business
        combination under IRC Section 381.


                                      -8-
<PAGE>   13

                           EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                    September 30, 1999, and December 31, 1998

NOTE 4 - STOCKHOLDERS' EQUITY

        Common Stock

        The authorized common stock of Ebony & Gold Ventures, Inc. consists of
        25,000,000 shares with a par value of $0.001 per share.

        Preferred Stock

        Ebony & Gold Ventures, Inc. has no preferred stock.

        On October 15, 1996, the company issued 21,000 shares of its no par
        value common stock in consideration of $2,100 in cash.

        On February 19, 1999, the State of Nevada approved the Company's
        restated Articles of Incorporation, which increased its capitalization
        from 25,000 common shares to 25,000,000 common shares. The no par value
        was changed to $0.001.

        On February 19, 1999, the Company forward split its common stock 100:1,
        thus increasing the number of outstanding common stock shares from
        21,000 shares to 2,100,000.

NOTE 5 - 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. However, the Company does not have significant cash
        or other material assets, nor does it have an established source of
        revenues sufficient to cover its operating costs and to allow it to
        continue as a going concern. It is the intent of the Company to seek a
        merger with an existing, operating company. Until that time, the
        stockholders/officers and or directors have committed to advancing the
        operating costs of the Company interest free.


                                      -9-
<PAGE>   14

                          EBONY & GOLD VENTURES, INC.
                          (A Development Stage Company)

                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)

                    September 30, 1999, and December 31, 1998

NOTE 6 - RELATED PARTY TRANSACTIONS

        The Company neither owns nor leases any real or personal property. An
        officer of the corporation provides office services without charge. Such
        costs are immaterial to the financial statements and accordingly, have
        not been reflected therein. The officers and directors of the Company
        are involved in other business activities and may, in the future, become
        involved in other business opportunities. If a specific business
        opportunity becomes available, such persons may face a conflict in
        selecting between the Company and their other business interests. The
        Company has not formulated a policy for the resolution of such
        conflicts.

NOTE 7 - WARRANTS AND OPTIONS

        There are no warrants or options outstanding to acquire any additional
        shares of common stock.

                                      -10-

<PAGE>   15

Item II. Management's Discussion and Analysis or Plan of Operation

Results of Operation.

        The Company has not commenced business activities and has no assets or
operations. The Company has not entered into any negotiations to effectuate a
business combination. The Company is dependent upon its officers to meet any de
minimis costs which may occur.

        Denise E. Cordova, an officer and director of the Company, has agreed to
provide the necessary funds, without interest, for the Company to comply with
the Securities Exchange Act of 1934, as amended, provided that she is an officer
and director of the Company when the obligation is incurred. All advances are
interest-free.

        In addition, since the Company has had no operating history nor any
revenues or earnings from operations, with no significant assets or financial
resources, the Company will in all likelihood sustain operating expenses without
corresponding revenues, at least until the consummation of a business
combination. This may result in the Company incurring a net operating loss which
will increase continuously until the Company can consummate a business
combination with a profitable business opportunity and consummate such a
business combination.

<TABLE>
<CAPTION>
                                     PART II

                                OTHER INFORMATION
<S>                                                                         <C>
Item 1 -  Legal Proceedings ................................................None

Item 2 -  Changes in the Rights of the Company's
          Security Holders .................................................None

Item 3 -  Defaults by the Company on its

          Senior Securities ................................................None

Item 4 -  Submission of Matter to Vote of Security
          Holders ..........................................................None

Item 5 -  Other Information ................................................None
</TABLE>


<PAGE>   16


<TABLE>
<S>                                                                         <C>
Item 6 - Exhibits and Reports on Form 8-K ..................................None
</TABLE>

                                    SIGNATURE

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.

Dated: October 25, 1999                     EBONY & GOLD VENTURES, INC.
                                            (Company)

                                            By: /s/ Denise Cordova
                                               ---------------------------------
                                               Denise Cordova
                                               President