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 February 28, 2001

                                       OR

[  ]TRANSITION REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF 1934

          From the transition period from ___________ to ____________.

                         Commission File Number 0-21955

                                 M&A WEST, INC.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

           Colorado                                       84-1356427
---------------------------------              ---------------------------------
(State or other jurisdiction of                (IRS Employer Identification No.)
 incorporation  or  organization)


                       1519 Edgewood, Liberty, Texas 77575
                    -----------------------------------------
                    (Address of principal executive offices)

                                 (936) 336-6700
                            --------------------------
                           (Issuer's telephone number)

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

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

As of April 25, 2001, 11,122,758 shares of Common Stock, no par value per share,
of the issuer were outstanding.

<PAGE>


                                 M&A WEST, INC.
                                   FORM 10-QSB

                                      INDEX

                                     PART I
                                                                            Page
                                                                            ----
Item 1.    Financial Statements
           Condensed Consolidated Balance Sheet - February 28, 2001.......... 3
           Condensed Consolidated Statements of Operations -
           For the three months and the nine  months  ended
           February  28,  2001 and 2000...................................... 4
           Condensed  Consolidated  Statements of Cash Flows -
           For the nine months  ended  February  28,  2001 and 2000.......... 5
           Notes to  Condensed Financial Statements.......................... 6

Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations............................................. 7

                                     PART II

Item 1.   Legal Proceedings.................................................. 9

Item 6.   Exhibits and Reports on Form 8-K................................... 9

           Signatures........................................................10

<PAGE>



                          PART I. FINANCIAL INFORMATION

Item 1.  FINANCIAL STATEMENTS
                                 M&A WEST, INC.
                      CONDENSED CONSOLIDATED BALANCE SHEET

                                                                   February 28,
                                                                       2001
                                                                  --------------
                                                                    (Unaudited)
ASSETS

Current assets:
  Cash and cash equivalents                                           $ 230,578
  Accounts receivable, clients                                          104,069
  Trading securities                                                     29,012
  Investments, available for sale                                       969,085
  Other current assets                                                  279,006
                                                                 ---------------
    Total current assets                                              1,611,750

Property and equipment, net                                              98,754
Investments - equity method                                              82,661
Intangible assets, net                                                        -
Other assets                                                              7,352
                                                                 ---------------
                                                                    $ 1,800,517
                                                                 ===============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable and accrued liabilities                             $336,632
  Income taxes payable                                                1,118,613
  Deferred income taxes                                                       -
  Deferred revenue                                                      979,167
  Line of credit                                                        250,000
  Loans payable                                                       1,674,930
  Note payable                                                          250,000
                                                                 ---------------
    Total current liabilities                                         4,609,342
                                                                 ---------------

Stockholders' equity:
  Common stock, no par, 100,000,000 shares
    authorized:  11,122,758 shares issued and outstanding:            4,870,298
  Retained earnings (deficit)                                       (6,496,907)
  Accumulated other comprehensive income (loss)                     (1,182,216)
                                                                 ---------------
    Total stockholders' equity (deficit)                            (2,808,825)
                                                                 ---------------
                                                                     $1,800,517
                                                                 ===============



            See accompanying notes to interim condensed consolidated
                             financial statements.


                                       3
<PAGE>


                                 M&A WEST, INC.
                 CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
                                   (Unaudited)
<TABLE>


                                                        Three Months Ended
                                                           February 28,                   Nine months ended February 28,
                                                      2001               2000                2001                2000
                                                 ---------------    ---------------    ------------------   ----------------
<S>                                              <C>                <C>                 <C>                  <C>

Revenue:
    Consulting                                        $     -           $ 483,951              $  1,461         $ 6,142,300
    Refunds                                                 -                   -                     -               2,621
    Internet service provider                         225,683                   -               718,843                   -
                                                 ---------------    ---------------    ------------------   -----------------
      Total revenue                                   225,683             483,951               720,304           6,144,921
Cost of sales - Internet service provider             132,013                   -               409,237                   -
                                                 ---------------    ---------------    ------------------   -----------------
Gross profit                                           93,670             483,951               311,067           6,144,921

Selling, general and administrative                   285,947             653,907             2,167,808           1,549,784
                                                 ---------------    ---------------    ------------------   -----------------
Income from operations                              (192,277)           (169,956)           (1,856,741)           4,595,137
Other income (expense):
  Trading gains (losses)                             (17,563)            (48,352)              (14,033)           (188,956)
  Interest income (expense), net                      (8,526)                 156               (6,660)               1,051
  Gains (losses) on sale of securities, net                 -                   -                     -             173,292
  Unrealized gains and (losses)                       305,892                   -           (4,461,267)                   -
  Equity in losses of unconsolidated
subsidiaries                                        (965,325)             (7,581)           (1,185,738)           (147,429)
  Loss on sale of equipment                                 -                   -              (38,155)
  Gain on sale of subsidiary                                -           1,197,000                     -           1,197,000
                                                 ---------------    ---------------    ------------------   -----------------
                                                    (685,522)           1,141,223           (5,705,853)           1,034,958
                                                 ---------------    ---------------    ------------------   -----------------
Income before provision for income taxes            (877,799)             971,267           (7,562,594)           5,630,095
Provision (benefit) for income taxes                        -             388,500                     -           2,251,500
                                                 ---------------    ---------------
                                                                                       ------------------   -----------------
Net income                                        $ (877,799)             582,767           (7,562,594)           3,378,595
Comprehensive income:
Unrealized gains (losses) on available for sale
securities                                        (1,790,582)           1,978,149          (21,446,957)           3,097,691
                                                 ---------------    ---------------    ------------------   -----------------
                                                            $
Comprehensive income (loss)                       (2,666,381)         $ 2,560,916        $ (29,009,551)         $ 6,476,286
                                                 ===============    ===============    ==================   =================

Basic net income (loss) per common share             $ (0.08)              $ 0.05              $ (0.68)              $ 0.31
                                                 ===============    ===============    ==================   =================

Weighted average shares outstanding                11,122,758          11,000,000            11,122,758          11,000,000
                                                 ===============    ===============    ==================   =================
</TABLE>


            See accompanying notes to interim condensed consolidated
                             financial statements.


                                       4
<PAGE>


                                 M&A WEST, INC.
                 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
                                   (Unaudited)


<TABLE>

                                                                    Nine months ended February 28,
                                                                -------------------------------------
                                                                       2001                2000
                                                                ----------------   ------------------
<S>                                                              <C>                <C>

Cash flows from operating activities:
  Net income (loss)                                                $(7,562,593)          $3,378,595
    Adjustments to reconcile net income to net cash
    Provided by (used in) operating activities:
    Unrealized (gain) loss on investments                             4,461,267         (3,694,309)
    Trading gains (losses)                                               14,033             188,956
    Equity in loss of unconsolidated subsidiary                       1,185,738             147,429
    Depreciation and amortization                                       285,168             115,948
    Deferred income taxes                                             3,002,461                   -
  Changes in operating assets and liabilities                       (2,298,810)              30,233
                                                                -----------------   -----------------
        Net cash provided by (used in) operating activities           (912,736)             166,852
                                                                -----------------   -----------------

Cash flows from investing activities:
  Purchase of equipment                                                       -            (43,273)
  Proceeds from investment sales                                         12,930
  Purchase of investments, net                                        (240,850)         (1,186,172)
                                                                -----------------   -----------------
        Net cash used in  investing activities                        (227,920)         (1,229,445)
                                                                -----------------   -----------------

Cash flows from financing activities:
  Payments on line of credit                                          (250,000)                   -
  Proceeds form loan and note payable                                   469,688                   -
                                                                -----------------   -----------------
        Net cash provided by financing activities                       219,688                   -
                                                                -----------------   -----------------

Net increase (decrease) in cash and cash equivalents                  (920,968)         (1,062,593)
Cash and cash equivalents at beginning of period                      1,151,546           1,141,813
                                                                -----------------   -----------------
Cash and cash equivalents at end of period                            $ 230,578            $ 79,220
                                                                =================   =================
</TABLE>




            See accompanying notes to interim condensed consolidated
                             financial statements.


                                       5
<PAGE>

                                 M&A WEST, INC.
          NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                February 28, 2001

Note 1:Presentation

The condensed consolidated balance sheet of the Company as of February 28, 2001,
the related condensed  consolidated  statements of operations and cash flows for
the nine months  ended  February  29, 2001 and 2000 and the three  months  ended
February  28, 2001 and 2000  included in the  condensed  consolidated  financial
statements  have been prepared by the Company  without audit.  In the opinion of
management, the accompanying condensed consolidated financial statements include
all  adjustments  (consisting  of normal,  recurring  adjustments)  necessary to
summarize fairly the Company's financial position and results of operations. The
results of  operations  for the nine  months  ended  February  28,  2001 are not
necessarily  indicative  of the results of  operations  for the full year or any
other interim period.

Note 2: Branches

The Company closed its corporate office in San Bruno, California in January 2001
and moved its corporate office to Liberty, Texas.

Note 3: Unrealized Gains and losses

The Company's reported  unrealized gains and losses of $(4,461,267)  consists of
the following:

                  Name               % Ownership        Write-down
    ----------------------------    ---------------    --------------
    VirtualGrocery                        100%           $ 100,000
    EcapX                                 2.5%             250,000
    SierraNet,Investorpackages,
    Market Awareness Consultant           100%           3,330,860
    Other trading securities                1%             780,407

Note 4: Other Comprehensive Income

The  Company's   available  for  sale   securities   include  its  ownership  in
Virtuallender.com and Packeteer. Due to the decline in market conditions,  these
values have decreased substantially.

    Value at May 30, 2000                     $ 13,841,217
    February 28, 2001                              969,085
    Total write-down                            12,872,132

Note 5: Contingencies

Certain conditions may exist as of the date the financial statements are issued,
which may result in a loss to the Company  but which will only be resolved  when
one or more future events occur or fail to occur.

In April 1999, the Company entered into an agreement for the private sale of the
Company's  common  stock for  $2,000,000.  These shares were never  issued,  nor
included in the earnings per share  calculation.  The purchaser  has  disclaimed
this purchase. The Company is currently trying to resolve this issue and has not
included the shares in its earnings per share calculation.

Note 6: Investments

The Company previously  transferred shares of Digital Bridge,  Inc. to an escrow
agreement for distribution to M&A West, Inc. shareholders. The shares were never
distributed and were returned to the Company and increased its ownership to more
than 20%.  Accordingly,  the Company will account for its  investment in Digital
Bridge  under the equity  method and has  restated  the  investment,  results of
operations and retained earnings for the periods presented.

                                       6
<PAGE>

Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS

This report contains  forward looking  statements  within the meaning of Section
27A of the  Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934,  as amended.  The  Company's  actual  results could differ
materially from those set forth on the forward looking statements as a result of
the risks set forth in the Company's  filings with the  Securities  and Exchange
Commission,  general economic conditions, and changes in the assumptions used in
making such forward looking statements.

M&A West,  Inc.  (the  "Company")  is  engaged  in  providing  public  relations
consulting  services  primarily to public companies and in the trading of equity
securities of Internet companies for its own account.  In addition,  the Company
invests in start-up companies and assists in their operations and development.

THREE  MONTHS AND NINE MONTHS ENDED  FEBRUARY 28, 2001  COMPARED TO THREE MONTHS
AND NINE MONTHS ENDED FEBRUARY 28, 2000

Net revenues for the three months ended  February 28, 2001 decreased by $258,268
to $225,683 from $483,951 for the corresponding  period of the prior year due to
the  Company's  lack of providing  any  consulting  services.  Internet  service
provider  revenues of $225,683  are  included  above and  represent  revenues of
SierraNet.  For the nine  months  ended  February  29, 2001  revenues  decreased
$5,424,617 to $720,304 from  $6,144,921  for the nine months ended  February 29,
2000.  Internet  service  provider  revenues of $718,843 are included  above and
represent revenues of SierraNet.

Selling, general and administrative expenses for the three months ended February
28,  2001  decreased  by  $367,960  or 56% to  $285,947  from  $653,907  for the
corresponding  period of the prior year.  The  decrease is  attributable  to the
Company  significantly  reducing  operations.  For the nine month period  ending
February  28,  2001  selling,  general  and  administrative  expenses  increased
$618,024 or 40% to $2,167,808  from $1,549,784 for the  corresponding  period of
the prior year. The increase is attributable to increased payroll,  advertising,
professional fees and other general expenses.

Equity in losses of affiliates for the three months ended February 28, 2001 were
$965,325  from  the  Company's   ownership  in  Shakai  Racing,   Inc.,   Ronlan
Entertainment,  Inc.,  Venturelist.com,  Inc.  and Digital  Bridge,  Inc.  which
represents an increase of $965,325 from $7,581 from the corresponding  period of
the prior  year.  The  Company  expects  its  portfolio  companies  to invest in
development of their products and services,  and to recognize  operating losses,
which will result in future  charges  against  the  Company's  earnings.  Equity
losses of  affiliates  for the nine months  ended  February  29, 2001  increased
$1,030,309 or 704% to $1,185,738 from $147,429.  During the period,  the Company
wrote-off its investment in Ronlon  Entertainment,  Inc.  During the quarter the
Company  received its shares of Digital  Bridge,  Inc.  that had been held by an
escrow agent and now accounts for Digital Bridge, Inc. under the equity method.

Trading losses for the three months ended February 28, 2001 decreased to $17,563
from trading  losses of $48,352 for the three  months  ended  February 29, 2000.
Unrealized gains $305,892 for the three months ended February 28, 2001 represent
the  mark to  market  value  of the  Company's  stock  ownership  in  SierraNet,
InvestorPackages,  Market Awareness  Consultants and other portfolio  companies.
Trading losses decreased to $14,033 for the nine months ended February 28, 20001
from trading  losses of $188,956  for the nine months  ended  February 29, 2000.
Unrealized  losses  of  $(4,461,267)  represents  the  mark to  market  value of
SierraNet, InvestorPackages and Market Awareness Consultants for the nine months
ended February 28, 2001.

Net income  (loss)  before taxes for the three  months  ended  February 28, 2001
decreased by $1,849,066 to a loss of $(877,799)  from income of $971,267 for the
corresponding  period of the prior year. For the three months ended February 28,
2001 the  Company  did not record a tax  benefit.  The  provision  for the prior
corresponding period was $388,500.  For the nine months ended February 28, 2001,
income (loss) before taxes decreased  $13,192,689 to a loss of $(7,562,594) from
income of $5,630,095  for the  corresponding  period of the previous  year.  The
Company's  did not record a tax benefit for the nine months  ended  February 28,
2001 compared to a provision of $2,251,500 for the  corresponding  period of the
prior year.

                                       7
<PAGE>

Other comprehensive  income reflects the unrealized gain or loss, net of tax, on
the  Company's  available  for sale  investments.  For the  three  months  ended
February 28, 2001, the Company  reported  losses net of taxes of $1,790,582 from
unrealized  loss  on  available  for  sale  securities  held  in  the  Company's
investment  portfolio.  The other  comprehensive  income  for the  corresponding
period of the prior year showed a gain of $1,978,149. Principally as a result of
this  other  comprehensive  income,  the  Company  had a  comprehensive  loss of
$2,666,381for   the  three  months  ended   February  29,  2001   compared  with
comprehensive  income of $2,560,916  for the  corresponding  period of the prior
year. For the nine months ended February 29, 2001,  other  comprehensive  income
reflects  total losses of  $29,009,551  as compared to  comprehensive  income of
$6,476,286 for the corresponding period of the prior year.

Liquidity and Capital Resources

At February  28, 2001 the Company had  negative  working  capital of  $2,997,592
including  cash of $230,578.  This  compares  with working capital of $8,172,683
including cash of $79,220 for the corresponding period of the prior year.

For the nine months ended February 28, 2001 cash used in operations decreased to
$892,725 from cash provided  from  operations of $166,852 for the  corresponding
period of the prior year.

For the nine months ended  February  28, 2001 cash used in investing  activities
totaled  $227,920 as compared to $1,229,445 as the company has not purchased any
investments in the current period. Cash flows from investing activities resulted
from lack of  proceeds  from sales of  investments  and  capital  infusion  into
unconsolidated subsidiaries. This resulted from a net purchase of investments of
$1,186,172 and equipment of $43,273 for the nine months ended February 29, 2000.

Net cash  provided by financing  activities  increased to $219,688  from $0. The
Company  received  $250,000 from the proceeds of a promissory  note. The note is
secured by 1,500,000 shares of common stock of Digital Bridge, Inc.

The Company is not  generating  sufficient  funds from its operations to finance
its growth for the next twelve months due to its lack of investment activity.

OTHER INFORMATION

The Company  became  aware that  monies  originally  recorded  as revenues  were
incorrectly  stated.  The Company is currently  revising its Form 10-KSB for the
period ending May 31, 2000 and Form 10-QSB for the period ending August 31, 2000
to correct these errors.


                                       8
<PAGE>


                          PART II - OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS

         In January  2001,  four  class-action  lawsuits  were filed against M&A
West,  Scott Kelly and Sal Censoprano in the United States District Court of the
Northern  District  of  California   docketed  as  case  numbers   C-01-0046-BZ,
C-01-0033-MEJ,   C-01-0485-EDL,  and  C-01-0502-MEJ.  These  lawsuits  allege  a
fraudulent  scheme  and  course  of  business,  false and  misleading  financial
statements and press releases, as well as other causes of action. The plaintiffs
attorneys have moved to have these lawsuits  consolidated  into one action.  M&A
West is unable to determine the relief sought by these lawsuits at this time.

         On January 11, 2001, Isa Fowler, Peter Messore, Christine LaCapAa, Greg
Miller  and John  Adubato  filed a lawsuit  against  M&A West and  Scott  Kelly,
docketed as case number  L245-01 in the Superior Court of New Jersey for the Law
Division of Monmouth  County.  The suit alleges  breach of  contract,  fraud and
misrepresentation,  and  various  other  causes of action  arising  out of their
termination  of employment  with M&A West. M&A West has been unable to determine
the relief sought in this action.

         There  is an  ongoing  investigation  by the SEC  Enforcement  Division
involving M&A West and various  people and entities  formerly  involved with M&A
West.  In March  2001,  M&A West  received  a  letter  from the SEC  Enforcement
Division  stating that the Enforcement  Division  alleges that M&A West,  either
directly  or as a  control  person  or an aider and  abettor,  violated  various
securities laws. It is likely the SEC will seek the following:

          a  permanent  injunction  prohibiting  future  violations  of  various
provisions of the Securities Act, Exchange Act, Investment Company Act and Rules
thereunder;

     *    an order for an accounting and disgorgement plus prejudgment  interest
          thereon;

     *    civil penalties  pursuant to the Securities  Enforcement  Remedies and
          Penny Stock Reform Act of 1990; and

     *    an order  pursuant  to  Section  12(j) of the  Exchange  Act  revoking
          registration of M&A West's common stock.

         There is an ongoing  investigation  by the U.S.  Department  of Justice
involving M&A West and various  people and entities  formerly  involved with M&A
West. M&A West is unaware of the relief,  if any, sought by the U.S.  Department
of Justice.

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K

         a)  Exhibits

             10.1 Promissory Note with Realtec, Ltd.
             10.2 Security Agreement


         b) Reports on Form 8-K

         On December 27, 2000, we filed a current report on Form 8-K relating to
the  withdrawal of the audit opinion by Hood & Strong LLP for the year ended May
31, 2000.  Information  was discovered  that existed as of the auditor's  report
which indicated that the May 31, 2000 financial  statements  contained  material
misstatements and must be revised by the Company in order not to be misleading.

         On January 2, 2001, we filed a current report on Form 8-K/A relating to
the  resignation  of Hood & Strong LLP as our  auditors  and that we had engaged
Malone & Bailey PLLC as our  independent  accountants  for the fiscal year ended
May 31, 2000.

         On January 12, 2001, we filed a current  report on Form 8-K  announcing
the  resignation  of Scott Kelly as the Company's  chairman and chief  executive
officer;  the election of Patrick R. Greene as the Company's  chairman and chief
executive officer;  the resignation of Sal Censoprano as the Company's director,
chief financial officer and secretary;  and the Company's corporate offices were
moved to 1519  Edgewood,  Liberty,  Texas 77575 and our telephone  number became
(936) 336-6700.

                                       9
<PAGE>


                                   SIGNATURES

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



                                                  M&A WEST, INC.


Date: April 25, 2001                       By: /s/ Patrick R. Greene
                                              -----------------------
                                                   Patrick R. Greene
                                                   Chief Executive Officer

                                       10