UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                  FORM 10-QSB

[ X ]     Quarterly Report pursuant to Section 13 or 15(d) of the Securities
          Exchange Act of 1934

          For the quarterly period ended March 31, 2000

[  ]      Transition Report pursuant to 13 or 15(d) of the Securities Exchange
          Act of 1934

          For the transition period                to
                                   ----------------  ---------------------
          Commission File Number     0-28535
                                     -------


                                AQUISTAR VENTURES (USA) INC.
             --------------------------------------------------------------
          (Exact name of small Business Issuer as specified in its charter)


         Nevada                                       91-1975651
-------------------------------           -------------------------------
(State or other jurisdiction of          (IRS Employer Identification No.)
-------------------------------
incorporation or organization)
------------------------------


Suite  314-837  West  Hastings  Street
Vancouver, British Columbia, Canada                     V6C 3N6
---------------------------------------           --------------------
(Address of principal executive offices)          (Postal or Zip Code)


Issuer's telephone number, including area code:        604-642-6410
                                               ------------------------

                                  None

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


Check whether the issuer (1) 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 issuer was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days          [ X ]  Yes    [  ]  No

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date: 15,463,008 Shares of $0.001 par value
Common Stock outstanding as of March 31, 2000.


<PAGE>


                       PART 1 - FINANCIAL INFORMATION



Item 1.    Financial Statements


The accompanying unaudited financial statements have been prepared in accordance
with the instructions to Form 10-QSB and Item 310 (b) of Regulation S-B, and,
therefore, do not include all information and footnotes necessary for a complete
presentation of financial position, results of operations, cash flows, and
stockholders' equity in conformity with generally accepted accounting
principles. In the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.
Operating results for the six months ended March 31, 2000 are not necessarily
indicative of the results that can be expected for the year ending June 30,
2000.



<PAGE>

                         AQUISTAR VENTURES (U.S.A.) INC.
                         (An Exploration Stage Company)

                        CONSOLIDATED FINANCIAL STATEMENTS

                                  MARCH 31, 2000
                                   (unaudited)
                            (Stated in U.S. Dollars)


<PAGE>

                         AQUISTAR VENTURES (U.S.A.) INC.
                         (An Exploration Stage Company)

                           CONSOLIDATED BALANCE SHEETS
                                   (unaudited)
                            (Stated in U.S. Dollars)
-------------------------------------------------------------------------------
                                                    MARCH 31         JUNE 30
                                                      2000             1999
-------------------------------------------------------------------------------

ASSETS
Current
    Cash                                          $     1,479       $     1,286
    Goods and services tax recoverable                     70             1,324
                                                  -----------------------------
                                                        1,549             2,610
                                                  -----------------------------
Mineral Property (Note 4)                              12,445            12,445
Office Equipment, at cost less 
accumulated amortization                                1,470             1,731
                                                  -----------------------------
                                                  $    15,464       $    16,786
===============================================================================

LIABILITIES
Current
    Accounts payable                              $    64,644       $    32,862
                                                  -----------------------------
SHAREHOLDERS' DEFICIENCY

Share Capital
    Authorized:
     50,000,000 common shares, par value $0.001 
       at March 31, 2000 and at June 30, 1999

    Issued And Outstanding
     15,463,008 at March 31, 2000 and 
     June 30, 1999                                    335,362           335,362

Additional Paid In Capital                             10,038            10,038

Contributed Surplus                                     5,509             5,509

Cumulative Translation Adjustment                      (1,049)             (673)

Accumulated Deficit                                  (399,040)         (366,312)
                                                  -----------------------------
                                                      (49,180)          (16,076)
                                                  -----------------------------
                                                  $    15,464       $    16,786
================================================================================


<PAGE>

                         AQUISTAR VENTURES (U.S.A.) INC.
                         (An Exploration Stage Company)

                CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
                                   (unaudited)
                            (Stated in U.S. Dollars)

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
                                                                                              INCEPTION
                                                                                            APRIL 13, 1995
                                   THREE MONTHS ENDED            NINE MONTHS ENDED                TO
                                        MARCH 31                      MARCH 31                 MARCH 31
                                   2000          1999            2000          1999               2000
------------------------------------------------------------------------------------------------------------
<S>                             <C>         <C>              <C>           <C>                <C>
Expenses
Amortization                    $       87  $      108       $      261    $      324         $    1,911
Professional fees                    1,522       7,730            7,178         7,730             28,625
Management fees                      5,160       4,986           15,306        14,803             91,240
Office and sundry                    1,144         491            2,005           646              8,829
Rent                                 2,064       1,994            6,122         5,921             28,547
Travel and business
     promotion                         -           -                -             -                6,898
                                ----------------------------------------------------------------------------
                                    10,021      15,309           30,872        29,424            166,050
                                ----------------------------------------------------------------------------

Loss Before The Following          (10,021)    (15,309)         (30,872)      (29,424)          (166,050)

Share Issue Costs                      -           -                -             -              (34,921)

Exploration Expenditures               -           -             (1,856)          -             (191,827)

Write Off Abandoned Mineral
Property                               -           -                -             -               (5,857)
                                ----------------------------------------------------------------------------
Loss For The Period                (10,021)    (15,309)         (32,728)      (29,424)        $ (398,655)
                                                                                               ==========
Accumulated Deficit, Beginning 
  Of Period                       (389,019)   (340,730)        (366,312)     (326,615)
                                ------------------------------------------------------
Accumulated Deficit, End Of 
  Period                        $ (399,040)  $(356,039)      $ (399,040)    $(356,039)
======================================================================================
Loss Per Share                  $    (0.01)  $   (0.01)      $    (0.01)    $   (0.01)
======================================================================================
Weighted Average Number Of 
  Shares Outstanding            15,463,008  14,983,008       15,463,008    14,983,008
======================================================================================
</TABLE>



<PAGE>

                         AQUISTAR VENTURES (U.S.A.) INC.
                         (An Exploration Stage Company)
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (unaudited)
                            (Stated in U.S. Dollars)

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
                                                                                              INCEPTION
                                                                                            APRIL 13, 1995
                                   THREE MONTHS ENDED            NINE MONTHS ENDED                TO
                                        MARCH 31                      MARCH 31                 MARCH 31
                                   2000          1999            2000          1999               2000
------------------------------------------------------------------------------------------------------------
<S>                             <C>         <C>              <C>           <C>                <C>
Cash Flows From Operating 
  Activities
     Loss for the period        $ (10,021)  $ (15,309)       $ (32,728)    $ (29,424)         $(398,655)
                                ----------------------------------------------------------------------------
Adjustments To Reconcile Loss 
  To Net Cash Used By 
  Operations Activities
    Write off abandoned 
      mineral property                -           -               -             -                 5,857
    Amortization                       87         108             261           324               1,911
    Change in Goods and 
      Services Tax recoverable      1,272         (44)          1,254           (10)                (70)
    Change in prepaid expense         -           539             -          (2,070)                -
    Change in accounts payable      9,773       1,259          31,782       (19,645)             64,644
                                ----------------------------------------------------------------------------
Total Adjustments                  11,132       1,862          33,297       (21,401)             72,342
                                ----------------------------------------------------------------------------
Net Cash Used In Operating 
  Activities                        1,111     (13,447)            569       (50,825)           (326,313)
                                ----------------------------------------------------------------------------

Cash Flows From Investing 
  Activities
    Mineral property                  -           -               -             -               (18,303)
    Office equipment                  -           -               -             -                (3,380)
     Net asset deficiency of 
      legal parent at date of 
      reverse take-over 
      transaction                     -           -               -             -                  (385)
                                ----------------------------------------------------------------------------
                                      -           -               -             -               (22,068)
                                ----------------------------------------------------------------------------

Cash Flows From Financing 
  Activities
    Issue of share capital            -        10,518             -          47,083             345,400
    Contributed surplus               -           -               -           5,509               5,509
                                ----------------------------------------------------------------------------
                                      -        10,518             -          52,592             350,909
                                ----------------------------------------------------------------------------
Effect Of Exchange Rate 
  Changes On Cash                    (204)     (1,248)           (376)       (2,393)             (1,049)
                                ----------------------------------------------------------------------------

Increase (Decrease) In Cash         1,315      (4,177)            193          (626)              1,479

Cash, Beginning Of Period             164       4,572           1,286         1,021                 -
                                ----------------------------------------------------------------------------
Cash, End Of Period             $   1,479   $     395       $   1,479      $    395           $   1,479
                                ============================================================================
</TABLE>



<PAGE>

                                     AQUISTAR VENTURES (U.S.A.) INC.
                                     (An Exploration Stage Company)

                           CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                              (unaudited)
                                       (Stated in U.S. Dollars)
                                             Common Stock
                                ======================================

<TABLE>
<CAPTION>
                                                        Additional                    Cumulative
                              Number                      Paid-in     Contributed     Translation    Accumulated
                            of Shares     Amount          Capital       Surplus        Adjustment     Deficit           Total
                           ------------------------------------------------------------------------------------------------------
<S>                          <C>         <C>            <C>          <C>               <C>           <C>              <C>
Issuance of common stock             1   $        1     $   -        $     -           $     -       $     -          $      1

Net loss                          -            -            -              -                 -          (3,643)         (3,643)
                             ----------------------------------------------------------------------------------------------------
Balance, September 30, 1995          1            1         -              -                 -          (3,643)         (3,642)

Issuance of common stock     1,700,000      179,975         -              -                 -             -           179,975

Translation adjustment             -            -           -              -                (489)          -              (489)

Net loss                           -            -           -              -                 -        (136,164)       (136,164)
                             ----------------------------------------------------------------------------------------------------
Balance, September 30, 1996  1,700,001      179,976         -              -                (489)     (139,807)         39,680

Issuance of common stock       600,000      109,190         -              -                 -             -           109,190

Translation adjustment             -            -           -              -                 670           -               670

Net loss                           -            -           -              -                 -        (146,298)       (146,298)
                             ----------------------------------------------------------------------------------------------------
Balance, September 30, 1997  2,300,001      289,166         -              -                 181      (286,105)          3,242

Issuance of common stock        50,000        9,151         -              -                 -             -             9,151

Translation adjustment             -            -           -              -               1,883           -             1,883

Net loss                           -            -           -              -                 -         (40,510)        (40,510)
                             ----------------------------------------------------------------------------------------------------
Balance, September 30, 1998  2,350,001      298,317         -              -               2,064      (326,615)        (26,234)
</TABLE>




<PAGE>

                                     AQUISTAR VENTURES (U.S.A.) INC.
                                     (An Exploration Stage Company)

                           CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
                                              (unaudited)
                                       (Stated in U.S. Dollars)
                                             Common Stock
                                ======================================

<TABLE>
<CAPTION>
                                                        Additional                    Cumulative
                              Number                      Paid-in     Contributed     Translation    Accumulated
                            of Shares     Amount          Capital       Surplus        Adjustment     Deficit           Total
                           ------------------------------------------------------------------------------------------------------
<S>                         <C>           <C>            <C>          <C>               <C>          <C>              <C>
Balance forward             2,350,001      298,317          -             -               2,064      (326,615)        (26,234)

Issuance of common stock       240,000       42,074         -             -                 -             -            42,074

Cancellation of common 
     stock                    (750,000)      (5,509)        -             -                 -             -            (5,509)

Contributed surplus                -            -           -            5,509              -             -             5,509

Increase in issued common 
  stock due to 8 for 1 
  stock split               12,880,007          -           -              -                -             -               -

Exchange of stock to 
  acquire subsidiary
    Aquistar Ventures Inc. (14,720,008)         -           -              -                -             -               -
    Aquistar Ventures 
      (U.S.A.) Inc.         14,983,008          -           -              -                -             -               -

Net asset deficiency of 
  legal parent at date 
  of reverse take-over 
   transaction                     -            -           -              -                -            (385)           (385)

Issuance of common stock       480,000          480      10,038            -                -             -            10,518

Translation adjustment             -            -           -              -             (2,737)          -            (2,737)

Net loss                           -            -           -              -                -         (39,312)        (39,312)
                           ------------------------------------------------------------------------------------------------------
Balance, June 30, 1999      15,463,008      335,362      10,038          5,509             (673)     (366,312)        (16,076)

Translation adjustment             -            -           -              -               (376)          -              (376)

Net Loss                           -            -           -              -                -         (32,728)        (32,728)
                           ------------------------------------------------------------------------------------------------------
Balance March 31, 2000      15,463,008   $  335,362   $  10,038      $   5,509         $ (1,049)   $ (399,040)       $(49,180)
==================================================================================================================================
</TABLE>



<PAGE>

                                  AQUISTAR VENTURES (U.S.A.) INC.
                                  (An Exploration Stage Company)


                              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                          MARCH 31, 2000
                                            (unaudited)
                                      (Stated in U.S. Dollars)

1.   BASIS OF PRESENTATION

The unaudited financial statements as of March 31, 2000 included herein have
been prepared without audit pursuant to the rules and regulations of the
Securities and Exchange Commission. Certain information and footnote disclosures
normally included in financial statements prepared in accordance with United
States generally accepted principles have been condensed or omitted pursuant to
such rules and regulations. In the opinion of management, all adjustments
(consisting of normal recurring accruals) considered necessary for a fair a
presentation have been included. It is suggested that these financial statements
be read in conjunction with the June 30, 1999 audited financial statements and
notes thereto.


2.   NATURE OF OPERATIONS

     Exploration  Stage  Activities

     The Company is in the process of exploring its mineral property and has not
yet determined whether the property contains ore reserves that are economically
recoverable.

     The recoverability of amounts shown as mineral property is dependent upon
the discovery of economically recoverable reserves, confirmation of the
Company's interest in the underlying mineral claims, and the ability of the
Company to obtain the necessary financing to place the property into production,
and upon future profitable operations, none of which is assured.


3.   SIGNIFICANT ACCOUNTING POLICIES

       The financial statements of the Company have been prepared in accordance
with generally accepted accounting principles in the United States.  Because a
precise determination of many assets and liabilities is dependent upon future
events, the preparation of financial statements for a period necessarily
involves the use of estimates which have been made using careful judgement.

       The financial statements have, in management's opinion, been properly
prepared within reasonable limits of materiality and within the framework of the
significant accounting policies summarized below:

     a) Consolidation

       These financial statements include the accounts of the Company and its
wholly owned Canadian subsidiary, Aquistar Ventures Inc.



<PAGE>

                                  AQUISTAR VENTURES (U.S.A.) INC.
                                  (An Exploration Stage Company)

                              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                          MARCH 31, 2000
                                            (unaudited)
                                      (Stated in U.S. Dollars)


3.   SIGNIFICANT ACCOUNTING POLICIES (Continued)

   b)   Mineral Property and Related Exploration Expenditures

     The Company capitalizes all option payments on mineral properties in
which it has a continuing interest to be amortized over the recoverable reserves
when a property reaches commercial production. On abandonment of any property,
applicable accumulated mineral property costs will be written off.

     Exploration expenditures are expensed as incurred.

     To date, none of the Company's properties have reached commercial
production.

   c)   Office Equipment and Amortization

     Office equipment is recorded at cost and amortized at a rate of 20%
per annum on the declining balance basis.

   d)   Income Taxes

     The Company has adopted Statement of Financial Accounting Standards
No. 109 - "Accounting for Income Taxes" (SFAS 109). This standard requires the
use of an asset and liability approach for financial accounting and reporting on
income taxes. If it is more likely than not that some portion of all of a
deferred tax asset will note be realized, a valuation allowance is recognized.

   e)   Foreign Currency Translation

     The Company's subsidiary's operations are located in Canada and its
functional currency is the Canadian dollar. The financial statements of the
subsidiary have been translated using the current method whereby the assets and
liabilities are translated at the year end exchange rate, capital accounts at
the historical exchange rate, and revenues and expenses at the average exchange
rate for the period. Adjustments arising from the translation of the Company's
subsidiary's financial statements are included as a separate component of
shareholders' equity.



<PAGE>


                                  AQUISTAR VENTURES (U.S.A.) INC.
                                  (An Exploration Stage Company)

                              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                          MARCH 31, 2000
                                            (unaudited)
                                      (Stated in U.S. Dollars)


3.     SIGNIFICANT ACCOUNTING POLICIES  (Continued)

   f)   Financial Instruments

     The Company's financial instruments consist of cash, Goods and
Services Tax recoverable, and accounts payable.

     Unless otherwise noted, it is management's opinion that this Company
is not exposed to significant interest or credit risks arising from these
financial instruments. The fair value of these financial instruments
approximate their carrying values, unless otherwise noted.

    g)  Loss Per Share

          The loss per share is calculated using the weighted average number of
common shares outstanding during the period.


4.    MINERAL PROPERTY

                                                  MARCH 31          JUNE 30
                                                   2000               1999
                                                 ---------------------------
Sutton Property

The Company has entered into an option
agreement dated December 2, 1997, as
amended, which provides for the acquisition
of a 100% interest, subject to a 2.5% net
smelter royalty in 21 unpatented mineral
claims in the Larder Lake Mining Division
of Ontario.   In order to earn its interest
the Company must make cash payments and
incur exploration expenditures as follows:

-   cash payment of Cdn. $17,000 on execution
    of the agreement (paid)

-   cash payment of Cdn. $35,000 13 months
    from the date the Company's common
    shares are listed for trading on the NASD
    Bulletin Board or a stock exchange (the
    initial payment date)

-   cash payment of Cdn. $25,000   8 months
    after the initial date

-   cash payment of Cdn. $25,000 16 months
    after the initial payment date


<PAGE>


                                  AQUISTAR VENTURES (U.S.A.) INC.
                                  (An Exploration Stage Company)

                              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                          MARCH 31, 2000
                                            (unaudited)
                                      (Stated in U.S. Dollars)


4.   MINERAL PROPERTY(Continued)

                                                  MARCH 31          JUNE 30
                                                   2000               1999
                                                 ---------------------------

-   cash payment of Cdn. $30,000 28 months
    after the initial payment date

-   cash payment of Cdn. $30,000 40 months after
    the initial payment date

-   Cash payment of Cdn. $40,000
    52 months after the initial payment date

Exploration Expenditures

-   a total of Cdn. $210,000, Cdn. $100,000 
    by December 2, 2000 and Cdn. $110,000
    upon a recommendation to conduct the 
    phase 2 work program

Consideration paid to date                        $ 12,445        $ 12,445
                                                 ===========================


5.   RELATED PARTY TRANSACTIONS

During the periods indicated the Company incurred the following amounts with
related parties:

                   THREE MONTHS ENDED            NINE MONTHS ENDED
                        MARCH 31                      MARCH 31
                    2000       1999               2000       1999
                  -------------------------------------------------

Management fees   $ 5,160    $ 4,986            $ 15,306   $ 14,803
                  =================================================
Rent              $ 2,064    $ 1,994            $  6,122   $  5,921
                  =================================================

6.    INCOME TAXES

       No provision for income taxes has been provided in these financial
       statements due to the accumulated net losses.   At March 31, 2000, the
       Company has net operating loss carryforwards, which expire commencing in
       2002 totalling approximately $201,500, the benefits of which have not
       been recorded.


<PAGE>

                                  AQUISTAR VENTURES (U.S.A.) INC.
                                  (An Exploration Stage Company)

                              NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                          MARCH 31, 2000
                                            (unaudited)
                                      (Stated in U.S. Dollars)


7.    UNCERTAINTY DUE TO THE YEAR 2000 ISSUE

The Year 2000 Issue arises because many computerized systems use two digits
rather than four to identify a year. Date-sensitive systems may recognize the
year 2000 as 1900 or some other date, resulting in errors when information using
year 2000 dates is processed. In addition, similar problems may arise in some
systems which use certain dates in 1999 to represent something other than a
date. Although the change in date has occurred, it is not possible to conclude
that all aspects of the Year 2000 Issue that may affect the entity, including
those related to customers, suppliers, or other third parties, have been fully
resolved.


<PAGE>


I
tem 2.     Management's Discussion and Analysis or Plan of Operations


The Company is a natural resource company engaged in the acquisition,
exploration and development of mineral properties. The Company, through its
wholly own Canadian subsidiary Aquistar Ventures Inc., has an interest in a
mineral property located in Ontario, Canada, and intends to carry out
exploration work on this property in order to ascertain whether it possesses
commercially developable quantities of gold and other precious minerals.

For the next 12 months, management of the Company plans to satisfy its cash
requirements by raising additional funds by way of private placements and/or a
public offering, to satisfy working capital needs and Phase 1 of the work
program intended for its Mineral Property. The Company will assess whether to
proceed with Phase 2 of the exploration program upon completion of Phase 1 and
an evaluation of the results of the Phase 1 exploration program.

Aquistar Canada obtained an engineering report on its Mineral Property, dated
July 1, 1997. The Report summarizes the exploration and development history of
the Property, the geology of the Property and the proposed exploration and
development program for the Property.

The Report states that follow-up surveys are required which will include
detailed magnetic coverage with the more advanced "walking mag" continuous
profiling method, further assessment and definition of the gradient IP and
resistivity anomalies utilizing the multiple-gradient "realsection" technique,
trenching, geochemistry, soil and/or vegetation and diamond drilling. The budget
for this Phase 1 program is estimated at CDN $182,000.

Phase 2 of the Report is contingent on the results of Phase 1 and will include
further drill testing on the Property, as required, estimated to cost CDN
$300,000.  The Company has not purchased or sold any plant or significant
equipment and does not expect to do so in the foreseeable future.

The Company currently has no employees, and does not expect to hire any
employees in the foreseeable future. The Company conducts its business through
agreements with consultants and arms-length third parties.

CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995


<PAGE>



From time to time, the Company will make written and oral forward-looking
statements about matters that involve risk and uncertainties that could   cause
actual results to differ materially from projected results. Important factors
that could cause actual results to differ materially include, among others:

-       Fluctuations in the market prices of gold
-       General domestic and international economic and political conditions
-       Unexpected geological conditions or rock instability conditions
        resulting in cave-ins, flooding, rock bursts or rock slides
-       Difficulties associated with managing complex operations in remote areas
-       Unanticipated milling and other processing problems
-       The speculative nature of mineral exploration
-       Environmental risks
-       Changes in laws and government regulations, including those relating to
        taxes and the environment
-       The availability and timing of receipt of necessary governmental permits
        and approval relating to operations, expansion of operations and
        financing of operations
-       Fluctuations in interest rates and other adverse financial market
        conditions
-       Other unanticipated difficulties in obtaining necessary financing
-       The failure of equipment or processes to operate in accordance with
        specification or expectations
-       Labour relations
-       Accidents
-       Unusual weather or operating conditions
-       Force majeure events
-       Other risk factors described from time to time in the Company's filings
        with the Securities and Exchange Commission


Many of these factors are beyond the Company's ability to control and predict.
Investors are cautioned not to place undue reliance on forward-looking
statements. The Company disclaims any intent or obligation to update its
forward-looking statements, whether as a result of receiving new information,
the occurrence of future events, or otherwise.


<PAGE>

 
                                PART 2 - OTHER INFORMATION



Item 1.      Legal Proceedings

             None


Item 2.      Changes in Securities

             None


Item 3.      Defaults 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

             (a) None
             (b) Reports on Form 8-K - None




<PAGE>


SIGNATURES


In accordance with 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.

AQUISTAR VENTURES (USA) INC.



Date:   July 20, 2000
       -------------------



By:       /s/ Al Delucrezia
    -----------------------------------------
          AL DELUCREZIA, Director and President


<PAGE>






<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
condensed consolidated financial statements contained in the Company's quarterly
report on Form 10-Q for the quarter ended March 31, 2000 and is qualified in its
entirety by reference to such financial statements:
</LEGEND>
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          JUN-30-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                           1,479
<SECURITIES>                                         0
<RECEIVABLES>                                       70
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 1,549
<PP&E>                                          13,915
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  15,464
<CURRENT-LIABILITIES>                           64,644
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       350,909
<OTHER-SE>                                   (400,089)
<TOTAL-LIABILITY-AND-EQUITY>                    15,464
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                              (32,728)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                               (32,728)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (32,728)
<EPS-BASIC>                                    ($0.01)
<EPS-DILUTED>                                  ($0.01)
        

</TABLE>