UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington D.C. 20549

                                   FORM 10-QSB

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


For Quarter Ended: September 30, 2001            Commission File Number 0-32353
                   ------------------                                   -------



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


            COLORADO                                     84-1475642
--------------------------------            ------------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)

6025 South Quebec Street, Suite 150, Englewood, Colorado                80111
--------------------------------------------------------             ----------
(Address of principal executive offices)                             (Zip code)

                                 (720) 489-8873
              -----------------------------------------------------
              (Registrant's telephone number, including area code)


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

Indicate by check 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


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

Common stock, no par value                          3,590,200
--------------------------      ------------------------------------------------
         Class                  Number of shares outstanding at October 22, 2001


--------------------------------------------------------------------------------
                     This document is comprised of 9 pages.
--------------------------------------------------------------------------------

<PAGE>


FORM 10-QSB
2ND QUARTER

                                      INDEX

                                                                            Page
                                                                            ----


PART 1 - FINANCIAL INFORMATION


     Item 1. Financial Statements

     Condensed balance sheet, September 30, 2001 (unaudited) ...............  3
     Condensed statements of operations, three months ended
        September 30, 2001 (unaudited) and 2000  (unaudited),
        nine months ended September 30, 2001 (unaudited)
        and 2000 (unaudited), and September 24, 1998
        (inception) through September 30, 2001 (unaudited) .................  4
     Condensed statements of cash flows, nine months ended
        September 30, 2001 (unaudited) and 2000 (unaudited),
        and September 24, 1998 (inception) through
        September 30, 2001 (unaudited) .....................................  5
     Notes to unaudited condensed financial statements .....................  6


     Item 2.  Plan of Operation ............................................  7

PART 2 - OTHER INFORMATION


     Item 1.  Legal Information ............................................  8

     Item 2.  Changes in Securities ........................................  8

     Item 3.  Defaults Upon Senior Securities ..............................  8

     Item 4.  Submission of Matters to a Vote of Security Holders ..........  8

     Item 5.  Other Information ............................................  8

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

     Signatures ............................................................  9


<PAGE>


Part 1. Item 1. Financial Information
-------         ---------------------

         
                                  EASYWEB, INC.
                          (A Development Stage Company)

                             Condensed Balance Sheet
                                   (Unaudited)

                               September 30, 2001

Assets
Current assets:
     Cash .........................................................   $     824
     Accounts receivable ..........................................         465
     Prepaid rent, paid to related party (Note B) .................       2,000
                                                                      ---------
                                               Total current assets       3,289

Web site development costs, net ...................................       1,156
                                                                      ---------

                                                                      $   4,445
                                                                      =========

Liabilities and Shareholders' Deficit
Current liabilities:
     Accounts payable and accrued liabilities .....................   $   2,387
     Indebtedness to related parties (Note B) .....................       6,015
                                                                      ---------
                                          Total current liabilities       8,402
                                                                      ---------

Common stock subject to rescission,
     16,000 shares (March 2000) ...................................       4,000
                                                                      ---------

Shareholders' deficit:
     Common stock .................................................      89,050
     Additional paid-in capital ...................................      33,105
     Deficit accumulated during development stage .................    (130,112)
                                                                      ---------
                                        Total shareholders' deficit      (7,957)
                                                                      ---------

                                                                      $   4,445
                                                                      =========

            See accompanying notes to condensed financial statements

                                        3

<PAGE>


<TABLE>
                                  EASYWEB, INC.
                          (A Development Stage Company)

                       Condensed Statements of Operations
                                   (Unaudited)
<CAPTION>
                                                                                                      
                                                                                                       September 24,
                                                                                                           1998     
                                                   Three Months Ended           Nine Months Ended      (Inception) 
                                                     September 30,                September 30,          through   
                                                ------------------------    ------------------------   September 30,
                                                  2001           2000          2001         2000           2001
                                                ----------    ----------    ----------    ----------    ----------
Revenue:
<S>                                             <C>           <C>           <C>           <C>           <C>       
     Commissions, related party .............   $     --      $    4,000    $     --      $    4,000    $    4,000
     Commissions, other .....................          543          --           1,456          --           2,707
                                                ----------    ----------    ----------    ----------    ----------
                                Total revenue          543         4,000         1,456         4,000         6,707
                                                ----------    ----------    ----------    ----------    ----------
                                                                                                          
Operating expenses:                                                                                       
     Rent (Note B) ..........................        1,000         1,333         2,000         1,333         4,333
     Contributed rent (Note B) ..............          500           167         2,500         1,667        10,167
     Administrative support (Note B) ........          375         2,667           864         2,667         6,064
     Contributed administrative support                                                                   
        (Note B) ............................        2,625           333         8,136         3,333        22,936
     Salaries and payroll taxes .............         --           8,988          --           8,988        20,729
     Professional fees ......................        2,134         2,075        15,667         2,785        32,856
     Web site consulting and maintenance ....          409         7,370         1,115         7,370        11,250
     Information technology agreement .......         --            --            --            --           8,269
     Advertising ............................         --           8,229          --           8,382        11,914
     Depreciation and amortization ..........          188           247           563           247         1,252
     Other ..................................          240         1,718         2,724         1,718         7,049
                                                ----------    ----------    ----------    ----------    ----------
                     Total operating expenses       (7,471)      (33,127)      (33,569)      (38,490)     (136,819)
                                                ----------    ----------    ----------    ----------    ----------
                               Operating loss       (6,928)      (29,127)      (32,113)      (34,490)     (130,112)
                                                                                                          
Income taxes (Note C) .......................         --            --            --            --            --
                                                ----------    ----------    ----------    ----------    ----------
                                                                                                          
                                     Net Loss   $   (6,928)   $  (29,127)   $  (32,113)   $  (34,490)   $ (130,112)
                                                ==========    ==========    ==========    ==========    ==========
                                                                                                          
                                                                                                          
Basic and diluted loss per common share         $       *     $      *      $       *     $    (0.01)     
                                                ==========    ==========    ==========    ==========     
Basic and diluted weighted average                                                                       
     common shares outstanding                   3,590,200     3,590,200     3,590,200     3,482,367
                                                ==========    ==========    ==========    ==========    
</TABLE>



 *  Less than $.01

            See accompanying notes to condensed financial statements

                                        4

<PAGE>


<TABLE>
                                  EASYWEB, INC.
                          (A Development Stage Company)

                       Condensed Statements of Cash Flows
                                   (Unaudited)
<CAPTION>
                                                                                            
                                                                                            September 24,
                                                                                                1998     
                                                                      Nine Months Ended      (Inception)  
                                                                          September 30,        through    
                                                                    ----------------------  September 30, 
                                                                        2001       2000         2001
                                                                    ---------    ---------    ---------

<S>                                                                 <C>          <C>          <C>       
Net cash (used in) operating activities .........................   $ (25,883)   $ (32,315)   $ (93,868)
                                                                    ---------    ---------    ---------

Cash flows from investing activities:
     Equipment purchase .........................................        --           (400)        (400)
     Payments for intangible assets .............................        --         (2,250)      (2,458)
                                                                    ---------    ---------    ---------
                        Net cash (used in) investing activities .        --         (2,650)      (2,858)
                                                                    ---------    ---------    ---------

Cash flows from financing activities:
     Proceeds on advances from related parties ..................        --           --          6,000
     Proceeds from the sale of common stock .....................        --         97,050      101,550
     Proceeds from the sale of common stock subject
        to rescission ...........................................        --          4,000        4,000
     Payments for offering costs ................................        --           --        (14,000)
                                                                    ---------    ---------    ---------
                        Net cash provided by financing activities        --        101,050       97,550
                                                                    ---------    ---------    ---------

Net change in cash ..............................................     (25,883)      66,085          824
Cash, beginning of period .......................................      26,707        1,091         --
                                                                    ---------    ---------    ---------
                                              Cash, end of period   $     824    $  67,176    $     824
                                                                    =========    =========    =========

Supplemental  disclosure of cash flow  information:
Cash paid during the period for:
        Interest ................................................   $    --      $    --      $    --
                                                                    =========    =========    =========
        Income taxes ............................................   $    --      $    --      $    --
                                                                    =========    =========    =========

     Non-cash financing activity:
        Stock issued for satisfaction of debt ...................   $    --      $    --      $   1,500
                                                                    =========    =========    =========
</TABLE>


            See accompanying notes to condensed financial statements

                                        5


<PAGE>




                                  EASYWEB, INC.
                          (A Development Stage Company)

                Notes to Unaudited Condensed Financial Statements

Note A:  Basis of presentation

The financial  statements  presented herein have been prepared by the Company in
accordance with the accounting policies in its amended Form 10-SB dated December
31, 2000 and updated  through March 31, 2001,  and should be read in conjunction
with the notes thereto.

In the  opinion  of  management,  all  adjustments  (consisting  only of  normal
recurring  adjustments)  which are necessary to provide a fair  presentation  of
operating  results for the interim period  presented have been made. The results
of operations for the periods  presented are not  necessarily  indicative of the
results to be expected for the year.

The  Company  is in the  development  stage in  accordance  with  Statements  of
Financial  Accounting  Standards  (SFAS)  No. 7  "Accounting  and  Reporting  by
Development  Stage  Enterprises".  As of  September  30,  2001,  the Company has
devoted substantially all of its efforts to financial planning,  raising capital
and developing markets.

Financial data presented herein are unaudited.


Note B:  Related party transactions

Prepaid rent
------------
The Company paid an affiliate  $4,000 during April 2001 to rent office space for
the period from April 1, 2001 through  March 31, 2002. As of September 30, 2001,
$2,000 is expensed as rent and $2,000 is capitalized  as prepaid  expense in the
accompanying condensed unaudited financial statements.  The Company's management
estimated  the  fair  market  value  of the  office  space  at $500  per  month.
Therefore,  an  additional  $2,500 was  expensed  as rent during the nine months
ended  September  30, 2001,  with an  offsetting  credit to  additional  paid-in
capital.

Indebtedness to related parties
-------------------------------
The Company paid an affiliate  $864 during the nine months ended  September  30,
2001 for  administrative  services  performed  on  behalf  of the  Company.  The
Company's  management  estimated  the fair value of the  services  at $1,000 per
month.   Therefore,   an   additional   $8,136  was   expensed  as   contributed
administrative  support during the nine months ended September 30, 2001, with an
offsetting credit to additional paid-in capital.  The Company owed the affiliate
$15 for the administrative  expenses at September 30, 2001, which is included in
the accompanying condensed balance sheet as due to affiliate. The Company repaid
the affiliate in October 2001.

At September 30, 2001,  the Company owed an officer and two directors a total of
$6,000 ($2,000 each) for working capital  advances.  The advances are unsecured,
bear no interest and are due on demand.


Note C:  Income taxes

The  Company  records  its  income  taxes  in  accordance  with  SFAS  No.  109,
"Accounting for Income Taxes".  The Company incurred net operating losses during
the nine months  ended  September  30, 2001  resulting  in a deferred tax asset,
which was fully allowed for; therefore,  the net benefit and expense resulted in
$-0- income taxes.

                                        6

<PAGE>


Part I. Item 2. Plan of operation
------          -----------------


                                  EASYWEB, INC.
                          (A Development Stage Company)

PLAN OF OPERATION
-----------------
The Company plans to continue to design,  market,  sell and maintain  customized
and turnkey web sites on the Internet that are hosted by third parties. To date,
revenues from these services have been minimal.  The Company intends to generate
increased  revenue  through the  expenditure of additional  funds for marketing,
advertising and promotion.  The Company believes that the revenue generated from
operations may not be sufficient to finance future activities and that it may be
necessary to raise  additional funds through equity and/or debt financing in the
next twelve  months.  There is no  assurance  that the  Company  will be able to
generate  additional  capital for marketing,  advertising  and promotion  and/or
other purposes. In the event that only limited additional financing is received,
the Company  expects its  opportunities  in the design,  marketing,  and sale of
Internet web sites to be limited.

The Company filed a Registration Statement on Form 10-SB with the Securities and
Exchange  Commission  ("SEC") in February  of 2001 to register  its no par value
common stock and become a reporting company.  To date, the SEC has not completed
its review of the Form 10-SB.

The Company does not intend to hire any additional  employees in the foreseeable
future.  The Company  does not intend to make  significant  equipment  purchases
within the next twelve months.

FINANCIAL CONDITION
-------------------
As of September 30, 2001,  the Company had total assets of $4,445 as compared to
$28,426 at December 31, 2000. The decrease was a result of cash used to fund net
losses of $32,113 incurred during the nine months ended September 30, 2001.

RESULTS OF OPERATIONS
---------------------
During the nine months ended  September  30, 2001,  the Company  recorded  sales
totaling  $1,456 as compared with $4,000 for the nine months ended September 30,
2000. However, sales to unrelated third parties increased to $1,456 for the nine
months ended  September  30, 2001, as compared to $-0- for the nine months ended
September 30, 2000.

Operating  expenses  decreased from $38,490 for the nine months ended  September
30, 2000 to $33,569 for the nine months ended  September 30, 2001. The operating
expenses  decreased because of (1) a decrease in salaries and payroll taxes, (2)
a decrease in  advertising  expenses,  and (3) a decrease in web site  expenses.
Management  reduced  these  expenses  because of the Company's  limited  working
capital.

                                        7

<PAGE>


Part I. Item 2. Plan of operation, continued
-------         ----------------------------


                                  EASYWEB, INC.
                          (A Development Stage Company)


Special note regarding forward-looking statements
-------------------------------------------------

This report contains  forward-looking  statements  within the meaning of federal
securities   laws.   These   statements  plan  for  or  anticipate  the  future.
Forward-looking  statements  include  statements about our future business plans
and strategies,  statements about our need for working capital, future revenues,
results of  operations  and most other  statements  that are not  historical  in
nature. In this Report,  forward-looking  statements are generally identified by
the words  "intend",  "plan",  "believe",  "expect",  "estimate",  and the like.
Investors are cautioned not to put undue reliance on forward-looking statements.
Except as otherwise  required by applicable  securities  statues or regulations,
the  Company  disclaims  any  intent  or  obligation  to update  publicly  these
forward-looking  statements,  whether  as a result  of new  information,  future
events or otherwise. Because forward-looking statements involve future risks and
uncertainties,  these are  factors  that could  cause  actual  results to differ
materially from those expressed or implied.


Part 2. Other Information
------  -----------------


Items 1 through 5 - No response required.



Item 6 - Exhibits and reports on Form 8-K.

         There were no reports on Form 8-K.

                                        8


<PAGE>



SIGNATURES


The  financial   information  furnished  herein  has  not  been  audited  by  an
independent accountant;  however, in the opinion of management,  all adjustments
(only consisting of normal recurring accruals) necessary for a fair presentation
of the results of operations  for the three and nine months ended  September 30,
2001 have been included.

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


                                                   EASYWEB, INC.
                                                   (Registrant)


DATE:  October 22, 2001                            BY: /s/ David C. Olson
       ----------------                                --------------------
                                                       David C. Olson
                                                       President

                                        9