SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                   FORM 10QSB


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


For Quarter Ended                           Commission File Number
-----------------                           ----------------------

June 30, 2000                                      33-19196-A


                          INTERNET VENTURE GROUP, INC.
                            -------------------------
             (Exact name of registrant as specified in its charter)


               Florida                      59-2919648
               -------                      ----------
        (State of incorporation)            (I.R.S. Employer
                                            Identification No.)

      9601 West Sam Houston Parkway South, Bldg. 100, Houston, Texas 77049
            ---------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (713) 596-9308


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 the  filing
requirements for at least the past 90 days.

                                Yes  X     No
                                   -----     -----

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

                  30,809,152 common shares as of June 30, 2000


<PAGE>
<TABLE>
<CAPTION>


Part I:  FINANCIAL INFORMATION



                          INTERNET VENTURE GROUP, INC.
                          (A Development Stage Company
                             UNAUDITED BALANCE SHEET

Assets                                                  Six Months Ending       Year Ending
                                                        June 30, 2000           December 31, 1999
                                                        -----------------       -----------------
<S>                                                     <C>                     <C>
  Current Assets                                        $216,397                $   6,006
  Accounts Receivable - Net                               11,922                   14,145
  Inventory                                               94,580                   79,588
  Related Party Receivables
                                                        -----------             ----------
TOTAL Current Assets                                     322,899                   99,739
                                                        ===========             ==========
Fixed Assets

  Fixed Assets - Net                                      57,180                   59,546
                                                        -----------             ----------
TOTAL Fixed Assets                                        57,180                   59,546
                                                        ===========             ==========

Other Assets

  Other Assets - Net                                     301,972                  301,972
                                                        -----------             ----------
  TOTAL Other Assets                                     301,972                  301,972
                                                        ===========             ==========

TOTAL Assets                                            $682,051                $ 461,257
                                                        ===========             ==========

Liabilities and Stockholders' Equity

Current Liabilities

  Accounts Payable                                      $201,673                  206,057
  Other Payables                                          43,389                   35,370
  Note Payable                                                 -                  329,656
                                                        -----------             ----------
TOTAL Current Liabilities                                245,062                $ 571,083
                                                        ===========             ==========
Long-Term Liabilities

  Long Term Debt                                         400,608                        -
                                                        -----------             ----------
TOTAL Long-Term Liabilities                              400,608                        -
                                                        ===========             ==========

Stockholders' Equity

  Common Stock, Par Value $0.0001,
  100,000,000 shares authorized,
  30,809,152 issued at June 30,
  2000, and 4,000,000 issued at
  June 30, 1999                                            3,089                    3,030
  Paid-In Capital                                      2,335,859                1,961,059
  Retained Earnings (Deficit)                         (2,620,208)              (2,073,915)
                                                      --------------            ----------
Total Stockholders' Equity                                36,381                 (109,826)
                                                      --------------            ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY              $682,051                $ 461,257
                                                      ==============            ==========

</TABLE>

                                      F-1

<PAGE>


                          INTERNET VENTURE GROUP, INC.
                          (A Development Stage Company
                        Unaudited Statement of Operations
                         For Six Months Ended June 30,


                                                Six Months        Six Months
                                                ending June 30    Ending June 30
                                                2000              1999
                                                --------------    --------------

Revenues
  Sales                                         $ 177,405         $214,444
  Other & Settlement Income                             -           61,376
                                              -------------       ---------
TOTAL Revenue                                     177,405          275,818

Cost of Goods Sold

  Cost of Sales                                   152,061          141,378
                                                -------------     ---------
TOTAL Cost of Goods Sold                          152,061          141,378
                                                -------------     ---------
        Gross Profit                               25,344          134,440

Operating Expenses
  Administrative & Overhead                       570,410          214,171
                                                -------------     ---------
  TOTAL Operating Expenses                        540,410          214,171
                                                -------------     ---------
OTHER INCOME (EXPENSES)
  Interest Income                                                        -
  Interest Expense                                 (1,227)               -
                                                -------------     ---------
TOTAL OTHER INCOME (EXPENSE)                       (1,227)               -

NET INCOME (LOSS)                               $(546,293)        ($79,729)
                                                =============     =========

Net Loss per Share                                  (0.02)         ($.003)
Weighted Average Common Shares                  30,553,826      26,100,000

                                      F-2

<PAGE>


                          INTERNET VENTURE GROUP, INC.
                          (A Development Stage Company
                        Unaudited Statement of Operations
                         For Three Months Ended June 30,


                                       Three Months          Three Months
                                       Ending June 30        Ending June 30
                                       2000                  1999
                                       --------------        --------------

Revenues
  Sales                                 $ 93,209             $177,201
  Other & Settlement Income                    -                    -
                                        -----------          ---------
TOTAL Revenue                             93,209              177,201

Cost of Goods Sold

  Cost of Sales                          119,713              119,081
                                        ------------         ---------
TOTAL Cost of Goods Sold                 119,713              119,081
                                        ------------         ---------
        Gross Profit                     (26,504)              58,120

Operating Expenses
  Administrative & Overhead               438,632             108,736
                                        ------------         ---------
  TOTAL Operating Expenses                438,632             108,736
                                        ------------         ---------
OTHER INCOME (EXPENSES)
  Interest Income                                            $ (1,375)
  Interest Expense                              -                   -
                                        ------------         ---------
TOTAL OTHER INCOME (EXPENSE)                    -                   -

NET INCOME (LOSS)                       $(465,136)           $(49,241)
                                        ============         =========

Net Loss per Share                          (0.02)             ($.002)
Weighted Average Common Shares          30,553,826          26,100,000*

                                      F-3

*  Adjusted for dividend

<PAGE>
<TABLE>
<CAPTION>


                          Internet Venture Group, Inc.
                          (A Development Stage Company)
                        UNAUDITED STATEMENT OF CASH FLOWS


                                               Six Months Ended June 30         Three Months Ended June 30
                                               2000             1999            2000            1999
                                               -------------    -------------   ------------    -----------
<S>                                            <C>               <C>            <C>             <C>

CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss                                       $ (546,293)       $(79,730)      $ (465,136)     $ (49,241)

Adjustments to reconcile net loss to
cash used in operating activities:
Depreciation
Amortization

(Increase) Decrease in current assets             (12,769)         85,364          (28,863)       111,815
Increase (Decrease) in current liabilities       (326,021)        (74,981)         (30,645)      (107,787)
(Increase) Decrease in other assets                                 8,081           (5,999)         8,081
                                              ------------     --------------   ------------    -----------
NET CASH PROVIDED (USED) BY                      (885,083)        (61,266)        (530,643)       (37,132)
OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES

(Purchase) Sale of property and equipment           2,366           1,022              900          1,022
Increase (Decrease) in notes payable              550,608                          203,854
Capital received                                  542,500          64,914          542,500         36,110
                                              ------------     --------------   ------------    -----------
NET CASH FLOWS FROM INVESTING ACTIVITIES        1,095,474          65,936          747,254         37,132

NET INCREASE (DECREASE) IN CASH                   210,391           4,670          216,611              0

CASH AT BEGINNING OF PERIOD                         6,006          (3,670)            (214)         1,000

CASH AT END OF PERIOD                            $216,397        $  1,000         $216,397      $   1,000
                                              ============      =============   ============    ===========

</TABLE>

                                      F-4

<PAGE>
<TABLE>
<CAPTION>

                          Internet Venture Group, Inc.
                          (A DEVELOPMENT STAGE COMPANY)
             UNAUDITED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
             For the Period from December 31, 1998 to June 30, 2000

                                                                        Additional
                                      Common Stock                       Paid-In            Accumulated
                              Shares                Amount               Capital              Deficit           Total
                            ------------          -----------           ----------          ------------       -------
<S>                          <C>                     <C>                <C>                 <C>
Balance - December 31, 1998   4,000,000                $ 400             $ 316,625             (317,025)                -

Acquisition of subsidiary    26,298,500                2,630             1,644,434           (1,477,709)        $ 169,355

Net Loss for year                     -                    -                     -             (279,181)         (279,181
                            ------------          -----------           -----------         ------------        ----------

Balance - December 31, 1999  30,298,500                3,030             1,961,059           (2,073,915)         (109,826)
                            ------------          -----------           -----------         ------------        ----------

Adjust shares in acquisition     89,402                    9                    (9)                                     -

Shares issued for services      300,000                   30               299,970                                300,000

Shares issued for cash          121,250                   12               242,488                                242,500

Shares issued for cash           75,000                    8               149,992                                150,000

Net Loss for six months                                                                        (546,293)         (546,293)
                            ------------          -----------           -----------         ------------        ----------

Balance - June 30, 2000      30,884,152              $ 3,089            $2,653,500          $(2,620,208)        $  36,381
                            ============          ===========           ===========         ============        ==========

                                      F-5

</TABLE>

<PAGE>

                          INTERNET VENTURE GROUP, INC.
                          (a development stage company)
                          NOTES TO FINANCIAL STATEMENTS
                            June 30, 2000 (Unaudited)

      NOTE 1 - ORGANIZATION AND PRESENTATION:

       Strategic Ventures, Inc. (the Company) was  incorporated in  the state of
       Florida on March 19, 1987. The Company, at  the shareholders' meeting  on
       October 18, 1999, completed its  name change  to Internet  Venture Group,
       Inc.

       Effective  December  31,  1999,  the  Company  acquired  all  issued  and
       outstanding  shares  of  GeeWhiz.Com,  Inc.  (a  Texas  corporation)  for
       26,298,500  shares  of  the  Company's  stock  by  the  purchase  method.
       Accordingly,  the Company's  consolidated  financial statements as of and
       for the year ended December 31, 1999 reflect the consolidation of all its
       operations  on  a  consolidated   basis.  All  significant   intercompany
       transactions  for  the  year  have  been  eliminated  to  arrive  at  the
       "Consolidated"  financial  statements.  The impact of the acquisition was
       not material in relation to the Company's results of operations.

       The Company primary business operations are the development, acquisition,
       marketing and distribution of proprietary  products as specialty products
       and items for the worldwide gift, and novelty and souvenir industries.

       The Company fiscal year end is December 31.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

       These interim financial statements have been prepared by management and
       are not audited.

       These  financial  statements  are  presented  on the  accrual  method  of
       accounting in accordance with generally accepted  accounting  principles.
       Significant  principles  followed  by the  Company  and  the  methods  of
       applying those  principles,  which materially affect the determination of
       financial position and cash flows, are summarized below:

       REVENUE RECOGNITION

       Product Sales are sales of on-line products and specialty items.  Revenue
       is recognized  at the time of sale.  Account  Receivable  are written off
       when deemed uncollectable.

       CASH AND CASH EQUIVALENTS

       The Company considers all highly liquid debt instruments,  purchased with
       an original maturity of three months or less, to be cash equivalents.

       PROPERTY AND EQUIPMENT

       Property  and  equipment  is  stated  at  cost.   The  cost  of  ordinary
       maintenance  and  repairs is charged to  operations  while  renewals  and
       replacements   are   capitalized.   Depreciation   is   computed  on  the
       straight-line method over the following estimated useful lives:

                  Manufacturing Equipment            5 years
                  Furniture & Equipment              5 years

                                      F-6
<PAGE>


                          INTERNET VENTURE GROUP, INC.
                          Notes to Financial Statements
                            June 30, 2000 (Unaudited)

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):

         INCOME TAXES:

         The  Company  accounts  for  income  taxes  under SFAS No.  109,  which
         requires  the asset and  liability  approach to  accounting  for income
         taxes.  Under this  method,  deferred  tax assets and  liabilities  are
         measured based on differences between financial reporting and tax bases
         of assets and  liabilities  measured  using  enacted tax rates and laws
         that are expected to be in effect when the  differences are expected to
         reverse.

         USE OF 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 the 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 these estimates.

         INVENTORIES

         Inventories  are  stated  at cost,  which is not in  excess  of  market
         determined  using  the  first-in,  first-out  (FIFO)  method.  Finished
         products comprise all of the Company inventories.

         PATENTS, TRADEMARKS, AND LICENSES

         The  Company  capitalizes  certain  legal costs and  acquisition  costs
         related to patents,  trademarks,  and licenses.  Accumulated  costs are
         amortized over the lesser of the legal lives or the estimated  economic
         lives of the proprietary  rights,  generally seven to ten years,  using
         the  straight-line  method and  commencing  at the time the patents are
         issued, trademarks are registered or the license is acquired.

         NET EARNING (LOSS) PER SHARE

         Basic and diluted net loss per share information is presented under the
         requirements  of SFAS No. 128,  EARNINGS PER SHARE.  Basic net loss per
         share is computed by dividing net loss by the weighted  average  number
         of shares of common  stock  outstanding  for the  period,  less  shares
         subject  to  repurchase.  Diluted  net  loss  per  share  reflects  the
         potential   dilution  of   securities  by  adding  other  common  stock
         equivalents,  including  stock  options,  shares subject to repurchase,
         warrants  and  convertible  preferred  stock,  in the  weighted-average
         number of common  shares  outstanding  for a period,  if dilutive.  All
         potentially   dilutive   securities   have  been   excluded   from  the
         computation, as their effect is anti-dilutive.

         FAIR VALUE OF FINANCIAL INSTRUMENTS

         The carrying amount of cash, accounts receivable,  accounts payable and
         accrued expenses ae considered to be representative of their respective
         fair  values  because  of the  short-term  nature  of  these  financial
         instruments.  The carrying  amount of the notes  payable and  long-term
         debt are reasonable  estimates of fair value as the loans bear interest
         based on market rates currently available for debt with similar terms.

                                      F-7
<PAGE>

                          INTERNET VENTURE GROUP, INC.
                          Notes to Financial Statements
                            June 30, 2000 (Unaudited)

NOTE 2 - PROPERTY AND EQUIPMENT:

         Property and equipment consist of the following:

                  Manufacturing Equipment
                  FURNITURE & EQUIPMENT



NOTE 3 -OTHER ASSETS:

         Other assets consist of the following:

                  Patents
                  Licensing Agreement
                  Trademarks
                  Deposits
                  ORGANIZATION COSTS

                       Total
                  LESS: AMORTIZATION EXPENSE


<TABLE>
<CAPTION>
NOTE 4 - NOTES PAYABLE:

         Following is a summary of notes payable at December 31, 1999:

<S>                                                                                     <C>
                                                                                        AMOUNT
                                                                                        ------

         Borrowings  against a $30,000 line of credit agreement with a financial
         institution  collateralized  by a general security  agreement  covering
         substantially all assets of the Company. The note bears interest at two
         points above the bank's prime rate (8.25% at December  31,  1999).  The
         note is payable on demand;  however, if no demand is made it matures on
         February 2001.                                                                   $ 22,985

         Note payable to a financial institution, payable on demand; however, if
         no demand is made, payable in monthly  installments of $425,  including
         interest at 9.75%,  through  February  2001.  Certain  equipment  and a
         personal guaranty by the Company's officers
         collateralize the note.                                                             5,628

         Note payable to an individual shareholder, interest at 7%, payable in
         full - March 2000.                                                                  4,000

         Note payable to an individual shareholder, interest at 8%,payable
         in full - April 2000.                                                             201,043

         Note payable to an individual shareholder, interest at 10.5%, payable
         in full - June 2000.                                                               96,000
                                                                                          ---------
                                                                                          $329,656
</TABLE>

                                      F-8
<PAGE>

                          INTERNET VENTURE GROUP, INC.
                          Notes to Financial Statements
                            June 30, 2000 (Unaudited)

NOTE 5 - INCOME TAXES

       There has been no provision for U.S.  federal,  state,  or foreign income
       taxes for any period  because  the  Company  has  incurred  losses in all
       periods and for all jurisdictions.

       Deferred   income  taxes   reflect  the  net  tax  effects  of  temporary
       differences  between the carrying  amounts of assets and  liabilities for
       financial  reporting  purposes  and  the  amounts  used  for  income  tax
       purposes. Significant components of deferred tax assets are as follows:

         Deferred tax assets

            Net operating loss carryforwards                  $2,073,915
            VALUATION ALLOWANCE FOR DEFERRED TAX ASSETS       (2,073,915)
                                                              ----------
         NET DEFERRED TAX ASSETS                              $        -
                                                              ==========

       Realization of deferred tax assets is dependent upon future earnings,  if
       any, the timing and amount of which are uncertain.  Accordingly,  the net
       deferred tax assets have been fully offset by a valuation  allowance.  As
       of December 31, 1999, the Company had net operating loss carryforwards of
       approximately   $2,073,915  for  federal   income  tax  purposes.   These
       carryforwards,  if not utilized to offset  taxable income begin to expire
       in  2003.  Utilization  of the  net  operating  loss  may be  subject  to
       substantial  annual  limitation due to the ownership  change  limitations
       provided by the Internal Revenue Code and similar state  provisions.  The
       annual  limitation  could result in the  expiration  of the net operating
       loss before utilization.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

         LEASE COMMITMENTS

         In December 1997, the Company entered into a five-year  operating lease
         commencing  December  1997 for office and  warehouse  space  located in
         Houston, Texas. Future minimum lease commitments for all building lease
         approximate  the following  for each of the five years ending  December
         31,  2004.,  and  thereafter:  2000  -  $75,943;  2001  -$78,386;  2002
         -$73,907; and none thereafter. Rent expense for the year ended December
         31, 1999 was $73,296.

NOTE 7 - GOING CONCERN:

          The accompanying financial statements have been prepared in conformity
          with generally  accepted  accounting  principles,  which  contemplates
          continuation of the Company as a going concern.  However,  the Company
          has sustained substantial operation losses for the period. At June 30,
          2000,  current  liabilities  exceed current assets by $28,665.  These
          factors  indicate  substantial  doubt about the  Company's  ability to
          continue  as a going  concern.  The future  success of the  Company is
          likely  dependent  on its  ability  to obtain  additional  capital  to
          develop its  proposed  products  and  ultimately,  upon its ability to
          attain future  profitable  operations.  There can be no assurance that
          the Company will be  successful in obtain such  financing,  or that it
          will attain positive cash flow from operations.

                                      F-9


<PAGE>


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

RESULTS OF  OPERATIONS  FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2000 COMPARED TO
SIX MONTHS ENDED JUNE 30, 1999

The  Company  had  revenues  of  $177,405  in the period in 2000 as  compared to
revenue of $214,444 in 1999. In 1999,  $61,376 of the revenue was  extraordinary
in that it  represented  a settlement  of a dispute.  Sales in 1999  constituted
$214,444  of the  ordinary  income.  The cost of sales was  $152,061 in 2000 and
$141, 378 in 1999.  Gross profit was $25,344 in 2000 and $73,066 in 1999, net of
settlement income. Operating expenses were $540,410 in 2000 compared to $214,171
in 1999. The greatly increased operating costs were attributable to costs of the
merger between  Internet  Venture Group,  Inc. and  GeeWhiz.com,  Inc. and other
acquisition negotiations. This trend of increased expenditure can be expected to
continue as the Company  seeks to expand its  business  and capital base through
acquisitions.

The Company had a net loss of  ($546,293)in  2000 and a net loss of ($79,729) in
1999 in the six month  period.  The loss per share (as  adjusted)  was ($.02) in
2000 and $.003) in 1999.

RESULTS OF OPERATIONS FOR THE THREE MONTH PERIOD ENDED JUNE 30, 2000 COMPARED TO
THREE MONTHS ENDED JUNE 30, 1999.

The Company had revenue of $93,209 in the period in 2000 compared to $117,200 in
1999.  The cost of sales was $119,713 in 2000 compared to 4119,082 in 1999.  The
gross profit (loss) was ($26,504) in 2000 and $59,495 in 1999.

The Company  incurred  operating  expenses  of $438,632 in 2000 and  $108,736 in
1999.  The 400% increase in operating  expenses was due to costs incurred in the
merger of Internet Venture Group and GeeWhiz.com. The net loss was ($465,136) in
2000 and ($9,241) in 1999 in the quarter.

The loss per share was ($.02) in 2000 compared to ($.002) in 1999.

The Company expects that expenses will continue to significantly exceed revenues
in  future  quarters  as the  Company  expands  through  acquisitions  of  other
businesses and companies.

LIQUIDITY AND CAPITAL RESOURCES

The Company had a positive balance of $216,397 in it cash accounts at the end of
the period.  However,  current liabilities exceeded cash by $28,665. The Company
will be forced to either borrow or make private  placements of stock in order to
fund  operations.  No assurance  exists as to the ability to achieve loans or to
make private placements of stock.


<PAGE>


                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

        None

ITEM 2. CHANGES IN SECURITIES

        None

ITEM 3. DEFAULT UPON SENIOR SECURITIES

        None

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

        None

ITEM 5. OTHER INFORMATION

        None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

          Reports on Form 8-K were made for the period for which this  report is
filed as follows:  April 17, 2000.




<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.

Date: August 21, 2000

                                    INTERNET VENTURE GROUP



                                    /s/ Elorian Landers
                                    --------------------------
                                    Elorian Landers, President