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: June 30, 2002                  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
 incorporation or organization)                             Identification No.)


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                         4,506,200
--------------------------       -----------------------------------------------
          Class                  Number of shares outstanding at August 12, 2002


--------------------------------------------------------------------------------
                     This document is comprised of 12 pages.
--------------------------------------------------------------------------------



<PAGE>

FORM 10-QSB
2ND QUARTER

                                      INDEX

                                                                            Page
                                                                            ----

PART 1 - FINANCIAL INFORMATION


     Item 1.  Financial Statements

     Condensed balance sheet, June 30, 2002 (unaudited) ...................   3
     Condensed statements of operations, three and six months ended
        June 30, 2002 (unaudited) and 2001 (unaudited), and September 24,
        1998 (inception) through June 30, 2002 (unaudited) ................   4
     Condensed statements of cash flows, six months ended June 30,
        2002 (unaudited) and 2001 (unaudited), and September 24, 1998
        (inception) through June 30, 2002 (unaudited) .....................   5
     Notes to unaudited condensed financial statements ....................   6


     Item 2.  Plan of Operation ...........................................   8

PART 2 - OTHER INFORMATION


     Item 1.  Legal Information ...........................................   9

     Item 2.  Changes in Securities .......................................   9

     Item 3.  Defaults Upon Senior Securities .............................   9

     Item 4.  Submission of Matters to a Vote of Security Holders .........   9

     Item 5.  Other Information ...........................................   9

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

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


<PAGE>

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


                                  EASYWEB, INC.
                          (A Development Stage Company)

                             Condensed Balance Sheet
                                   (Unaudited)

                                  June 30, 2002

Assets

Cash ..............................................................   $      26
Accounts receivable ...............................................         960
Web site development costs, net ...................................         594
                                                                      ---------

                                                                      $   1,580
                                                                      =========

Liabilities and Shareholders' Deficit

Liabilities:
     Accounts payable and accrued liabilities .....................   $   8,599
     Indebtedness to related parties (Note B) .....................       1,545
                                                                      ---------
                                                  Total liabilities      10,144
                                                                      ---------

Shareholders' deficit (Note D):
     Common stock .................................................     120,050
     Outstanding stock options ....................................      20,600
     Additional paid-in capital ...................................      43,941
     Deficit accumulated during development stage .................    (193,155)
                                                                      ---------
                                        Total shareholders' deficit      (8,564)
                                                                      ---------

                                                                      $   1,580
                                                                      =========
            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             Six Months Ended         (Inception) 
                                                         June 30,                      June 30,               through   
                                                --------------------------    -------------------------       June 30,  
                                                   2002           2001           2002          2001            2002
                                                -----------    -----------    -----------   -----------     -----------
<S>                                             <C>            <C>            <C>           <C>             <C>        
Revenue:
     Commissions, related party .............   $      --      $      --      $      --     $      --       $     4,000
     Commissions, other .....................           960            573          2,570           913           5,547
                                                -----------    -----------    -----------   -----------     -----------
                                Total revenue           960            573          2,570           913           9,547
                                                -----------    -----------    -----------   -----------     -----------

Operating expenses:
     Stock-based compensation ...............          --             --             --            --            26,600
     Rent (Note B) ..........................          --            1,000          1,000         1,000           6,333
     Contributed rent (Note B) ..............         1,500            500          2,000         2,000          12,667
     Administrative support (Note B) ........           225            197            510           489           6,726
     Contributed administrative support
        (Note B) ............................         2,775          2,803          5,490         5,511          31,274
     Salaries and payroll taxes .............          --             --             --            --            20,729
     Professional fees ......................         8,856          5,524         14,053        13,533          54,416
     Web site consulting and maintenance ....          --              490            250           706          13,009
     Information technology agreement .......          --             --             --            --             8,269
     Advertising ............................          --             --             --            --            12,034
     Depreciation and amortization ..........           187            187            375           375           1,814
     Other ..................................           817          1,696          1,513         2,484           8,831
                                                -----------    -----------    -----------   -----------     -----------
                     Total operating expenses       (14,360)       (12,397)       (25,191)      (26,098)       (202,702)
                                                -----------    -----------    -----------   -----------     -----------
                               Operating loss       (13,400)       (11,824)       (22,621)      (25,185)       (193,155)

Income taxes (Note C) .......................          --             --             --            --              --
                                                -----------    -----------    -----------   -----------     -----------

                                     Net Loss   $   (13,400)   $   (11,824)   $   (22,621)  $   (25,185)    $  (193,155)
                                                ===========    ===========    ===========   ===========     ===========


Basic and diluted loss per common share .....   $     (0.00)   $     (0.00)   $     (0.01)  $     (0.01)    
                                                ===========    ===========    ===========   ===========         
Basic and diluted weighted average
     common shares outstanding ..............     4,506,200      3,590,200      4,467,648     3,590,200         
                                                ===========    ===========    ===========   ===========         
</TABLE>


            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     
                                                                         Six Months Ended           (Inception) 
                                                                              June 30,                through   
                                                                    ---------------------------       June 30,  
                                                                      2002              2001           2002
                                                                    ---------         ---------      ---------
<S>                                                                 <C>               <C>            <C>       
Net cash (used in) operating activities .........................   $ (12,075)        $ (20,851)     $(110,316)
                                                                    ---------         ---------      ---------

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

Cash flows from financing activities:
     Proceeds on advances from related parties ..................         650              --           10,650
     Repayment of advances from related parties .................      (5,500)             --           (5,500)
     Proceeds from the sale of common stock .....................      16,500              --          122,050
     Payments for offering costs ................................        --                --          (14,000)
                                                                    ---------         ---------      ---------
                        Net cash provided by financing activities      11,650              --          113,200
                                                                    ---------         ---------      ---------

Net change in cash ..............................................        (425)          (20,851)            26
Cash, beginning of period .......................................         451            26,707           --
                                                                    ---------         ---------      ---------
                                              Cash, end of period   $      26         $   5,856      $      26
                                                                    =========         =========      =========

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 ...................   $    --           $    --        $   6,000
                                                                    =========         =========      =========
</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 Form 10-KSB dated December 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 June 30, 2002,  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

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

Administrative support
----------------------
The Company incurs  administrative  support expense to an affiliate at a rate of
$1,000 per month.  The affiliate  charged the Company $510 during the six months
ended June 30, 2002. The remaining  balance of $5,490 is recorded as contributed
services.  The  contribution  is  reflected  as a credit to  additional  paid-in
capital in the accompanying condensed financial statements.

Indebtedness to related parties
-------------------------------
The Company owed the affiliate $895 for the administrative  expenses at June 30,
2002.  The Company also owed an officer $650 for working  capital  advances made
during the three months  ended June 30,  2002.  Both amounts are included in the
accompanying   condensed  financial   statements  as  "indebtedness  to  related
parties".

In January 2002,  the Company repaid two directors a total of $5,500 for working
capital advances received in prior periods.

                                        6

<PAGE>

                                  EASYWEB, INC.
                          (A Development Stage Company)

                Notes to Unaudited Condensed Financial Statements

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 six months ended June 30, 2002 resulting in a deferred tax asset,  which was
fully  allowed  for;  therefore,  the net benefit  and expense  resulted in $-0-
income taxes.

Note D:  Shareholder's deficit

Following is a schedule of changes in  shareholders'  deficit for the six months
ended June 30, 2002:


<TABLE>
<CAPTION>                                                                              
                                                                                         Deficit  
                                                                                       Accumulated
                                              Common stock     Outstanding  Additional   During   
                                        ---------------------     Stock      Paid-In   Development
                                         Shares      Amount      Options     Capital      Stage        Total
                                        ---------   ---------   ---------   ---------   ---------    ---------
<S>                                     <C>         <C>         <C>         <C>         <C>          <C>       
Balance, January 1, 2002 ............   3,940,200   $  99,550   $  20,600   $  36,451   $(170,534)   $ (13,933)
January 2002, sale of common
    stock at $.03 per share .........     500,000      15,000        --          --          --         15,000
January 2002, sale of common
    stock to officers at $.03 per
    share ...........................      50,000       1,500        --          --          --          1,500
April 2002, conclusion of
    Arizona rescission offer ........      16,000       4,000        --          --          --          4,000
Office space and administrative
    support contributed by an
    affiliate .......................        --          --          --         7,490        --          7,490
Net loss for the six months
    ended June 30, 2002 .............        --          --          --          --       (22,621)     (22,621)
                                        ---------   ---------   ---------   ---------   ---------    ---------
               Balance, June 30, 2002   4,506,200   $ 120,050   $  20,600   $  43,941   $(193,155)   $  (8,564)
                                        =========   =========   =========   =========   =========    =========
</TABLE>


During  January  2002,  the Company sold 550,000  shares of its common stock for
$16,500,  or $.03 per share. Of the 550,000 shares sold, 50,000 shares were sold
to  officers of the Company  and  500,000  shares were sold to  unrelated  third
parties.

Rescission offer

On July 5, 2000, the Company notified the State of Arizona that it had collected
proceeds  from a  common  stock  offering  prior  to  meeting  all Blue Sky laws
required by that  State.  The  Company  sold  16,000  shares of its no par value
common stock to three  Arizona  residents  for $4,000  through the private stock
offering. To remedy this situation, the Company undertook a voluntary rescission
offering  pursuant to R14-4-101 of the  Regulations  of the Arizona  Corporation
Commission,  Title 14, Chapter 4, as amended,  which was approved by the Arizona
Corporation  Commission,  Securities  Division on April 10, 2002. The Rescission
Offer was subsequently submitted to the Arizona investors,  all of whom declined
to rescind their shares.

                                        7

<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.

Furthermore,  if we are unable to raise additional capital to support our future
operations,   we  may  begin  exploring  business   opportunities  for  possible
investments  and/or business  combinations with companies that may be outside of
our  original  business  plan.  As of the  date of this  filing,  we have had no
discussions and no agreements have been reached with any third parties regarding
such an investment or business combination.

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

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.

                                        8

<PAGE>

                                  EASYWEB, INC.
                          (A Development Stage Company)

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



Item 1 - Legal Information.

         No response required.


Item 2 - Changes in Securities.

         During  January  2002,  the Company sold 550,000  shares of its common
         stock for  $16,500,  or $.03 per share.  Of the 550,000  shares  sold,
         50,000 shares were sold to officers of the Company and 500,000  shares
         were sold to unrelated  third  parties.  The shares were sold to seven
         persons pursuant to the exemption from the  registration  requirements
         of the  Securities  Exchange  Act of 1933  (the  "Act"),  as  amended,
         provided by Section 4(2) of the Act for  transactions by an issuer not
         involving any public offering.


Item 3 - Defaults Upon Senior Securities.

         No response required.


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

         No response required.


Item 5 - Other Information.

         The Company is currently in dispute with a consultant whom the Company
         was heavily dependent upon for certain previous business and technical
         development.  While engaged by the Company,  the consultant  developed
         proprietary  information  that is essential for the Company to perform
         certain  aspects  of its  business.  The  Company  believes  that this
         proprietary  information  has been paid for and is the property of the
         Company.  The  Company is  currently  exploring  its options as to the
         approach  it  plans to take  with  the  consultant  to  retrieve  this
         proprietary information.


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

         There were no reports on Form 8-K.


                                        9

<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 six months  ended June 30, 2002
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:    August 12, 2002                   BY: /s/ David C. Olson
         ---------------                       ---------------------
                                               David C. Olson
                                               President

                                       10






                                                                    Exhibit 99.1


                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of EasyWeb, Inc. (the "Company") on Form
10-QSB for the period  ending June 30, 2002,  as filed with the  Securities  and
Exchange Commission on the date hereof (the "Report'),  I, David C. Olson, Chief
Executive Officer of the Company,  certify,  pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

     (1) The Report fully  complies  with the  requirements  of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and result of  operations of the
Company.


/s/ David C. Olson                                    
------------------
David C. Olson
Chief Executive Officer
August 12, 2002










                                                                    Exhibit 99.2


                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of EasyWeb, Inc. (the "Company") on Form
10-QSB for the period  ending June 30, 2002,  as filed with the  Securities  and
Exchange Commission on the date hereof (the "Report'),  I, David C. Olson, Chief
Financial Officer of the Company,  certify,  pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

     (1) The Report fully  complies  with the  requirements  of Section 13(a) or
15(d) of the Securities Exchange Act of 1934; and

     (2)  The  information  contained  in the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and result of  operations of the
Company.


/s/ David C. Olson                                    
------------------
David C. Olson
Chief Financial Officer
August 12, 2002