SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10QSB

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

For Quarter Ended                                      Commission File Number
January 31, 2001                                             000-27211

COLORADO COMMUNITY BROADCASTING, INC.
(Name of Registrant)

         Colorado                             84-1469319
------------------------                    --------------------
(State of incorporation)                    (I.R.S. Employer
                                            Identification No.)

10200 W. 44th Avenue, Suite 400, Wheat Ridge, CO 80033

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (303) 741-5785

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to the filing requirements for at least the past 90 days.

Yes No X

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

225,000 common shares as of January 31, 2001


Part I: FINANCIAL INFORMATION

Colorado Community Broadcasting, Inc.

Interim Financial Statements

For the Nine Month Period Ended January 31, 2001


(Unaudited)


Michael Johnson & Co., LLC 9175 E. Kenyon Ave., #100 Denver, CO 80237 Telephone: (303) 796-0099 Fax: (303) 796-0137

REPORT ON REVIEW BY INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT

To the Board of Directors
Colorado Community Broadcasting, Inc.
Denver, Colorado

We have reviewed the accompanying balance sheet of Colorado Community Broadcasting, Inc. as of January 31, 2001 and the related statements of operations for the three month and nine month periods ended January 31, 2001 and 2000, and the cash flows for the nine months ended January 31, 2001and 2000 included in the accompanying Securities and Exchange Commission Form 10-Q for the period ended January 31, 2001. These financial statements are the responsibility of the Company's management.

We conducted our reviews in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures to financial data and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

Based on our reviews, we are not aware of any material modifications that should be made to the accompanying financial statements for them to be in conformity with generally accepted accounting principles.

We have previously audited, in accordance with generally accepted auditing standards, the balance sheet as of April 30, 2000, and the related statements of operations, stockholders' equity and cash flows for the year then ended (not presented herein). In our report dated May 12, 2000, we expressed an unqualified opinion on those financial statements. In our opinion, the information set forth in the accompanying balance sheet as of January 31, 2001 is fairly stated in all material respects in relation to the balance sheet from which it has been derived.

/s/ Michael Johnson & Co., LLC.
Michael Johnson & Co., LLC.
Denver, Colorado
February 9, 2001


                             COLORADO COMMUNITY BROADCASTING, INC.
                                 (A Development Stage Company)
                                         Balance Sheets
                                          (Unaudited)


                                                                          January 31,      April 20,
                                                                          2001               2000
                                                                       ------------       ------------
ASSETS:

Current Assets:
  Cash                                                                     $ 1,979           $ 19,804
                                                                       ------------       ------------

TOTAL ASSETS                                                               $ 1,979           $ 19,804
                                                                       ============       ============


LIABILITIES AND STOCKHOLDERS' EQUITY:

Liabilities:
  Accounts Payable                                                             $ -                $ -
  Short-term Borrowings from Shareholders                                        -              1,100
                                                                       ------------       ------------

TOTAL LIABILITIES                                                                -              1,100
                                                                       ------------       ------------

Stockholders' Equity:
  Common stock, $.0001 par value, 100,000,000
    shares authorized, 225,000 shares issued and
    outstanding                                                                 22                 22
  Additional paid-in capital                                                26,978             26,978
  Subscription receivable                                                     (250)              (250)
  Deficit accumulated during the development stage                         (24,771)            (8,046)
                                                                       ------------       ------------

Total Stockholders' Equity                                                   1,979             18,704
                                                                       ------------       ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                 $ 1,979           $ 19,804
                                                                       ============       ============

See accountant's review report.

F-1

                                      COLORADO COMMUNITY BROADCASTING, INC.
                                          (A Development Stage Company)
                                             Statement of Operations
                                                   (Unaudited)



                                        Three Months Ended              Nine Months Ended               March 16, 1998
                                            January 31,                    January 31,                  (Inception) to
                                        2001          2000             2001           2000             January 31, 2001
                                       ------       --------          ------         ------            ----------------


INCOME                                      $ -            $ -              $ -           $ -               $ -


OPERATING EXPENSES:
Professional Fees                       (10,300)             -           16,725         3,300            22,315
Bank Charges                                  -             40                -            55                95
Telephone                                     -              -                -             -                50
Entertainment                                 -              -                -             -                38
Travel                                        -              -                -           550             2,273
                                     -----------   ------------     ------------   -----------      ------------
Total Operating Expenses                (10,300)            40           16,725         3,905            24,771
                                     -----------   ------------     ------------   -----------      ------------
Net Loss from Operations                $10,300          $ (40)        $(16,725)     $ (3,905)         $(24,771)
                                     ===========   ============     ============   ===========      ============

Weighted average number of
  shares outstanding                    225,000        225,000          225,000       225,000

Net Loss Per Share                      $ (0.03)       $ (0.01)         $ (0.06)      $ (0.02)
                                     ===========   ============     ============   ===========

See accountant's review report.

F-2

                             COLORADO COMMUNITY BROADCASTING, INC.
                                 (A Development Stage Company)
                                    Statements of Cash Flows
                                          (Unaudited)
                                        Indirect Method


                                                                                                  March 16, 1998
                                                                   Nine Months Ended              (Inception) to
                                                                      January 31,                   January 31,
                                                                 2001               2000              2001
                                                                ------             ------            ------

Cash Flows From Operating Activities:
  Adjustments to reconcile net loss to net cash
    used in operating activities:
  Net (Loss)                                                      $ (16,725)        $ (3,905)         $ (24,771)
  Non-cash items included in loss:
    Stock issued for services                                             -                -              2,000
   Changes in assets and liabilities:
    Increase in  Accrued Expenses                                         -                -                  -
                                                            ----------------    -------------     --------------
                                                                          -                -                  -
                                                            ----------------    -------------     --------------
Net Cash Used in Operating Activities                               (16,725)          (3,905)           (22,771)
                                                            ----------------    -------------     --------------
Cash Flow From Financing Activities:
  Proceeds from Short-Term Borrowings                                     -                -              5,100
  Payment of Short-Term Borrowings                                   (1,100)               -             (5,100)
  Issuance of Common Stock                                                -           10,250             24,750
                                                            ----------------    -------------     --------------
  Net Cash Provided By Financing Activites                           (1,100)          10,250             24,750
                                                            ----------------    -------------     --------------
Increase (Decrease) in Cash                                         (17,825)           6,345              1,979

Cash and Cash Equivalents - Beginning of period                      19,804           15,057                  -
                                                            ----------------    -------------     --------------
Cash and Cash Equivalents - End of period                           $ 1,979         $ 21,402            $ 1,979
                                                            ================    =============     ==============



Supplemental Cash Flow Information:
  Cash paid for :
  Interest paid                                                         $ -              $ -                $ -
                                                            ================    =============     ==============
  Taxes paid                                                            $ -              $ -                $ -
                                                            ================    =============     ==============

See accountant's review.

F-3

                                     COLORADO COMMUNITY BROADCASTING, INC.
                                         (A Development Stage Company)
                                 Statements of Changes in Stockholders' Equity
                                                  (Unaudited)


                                                                                                          Deficit
                                                                                                         Accumulated
                                                                         Additional                     During the
                                                    Common Stock           Paid-In      Subcription      Development
                                                 Shares       Amount       Capital      Receivable         Stage         Totals
                                                --------     --------    ----------     -----------     ------------    --------

Balance -  March 16, 1998                                -         $ -           $ -             $ -            $ -         $ -

Stock issued for services                          200,000          20         1,980               -              -       2,000
Stock issued for cash                               25,000           2        24,998         (10,500)                    14,500
Net loss for year                                        -           -             -               -         (2,793)     (2,793)
                                              -------------  ----------  ------------  --------------   ------------   ---------
Balance -   April 30, 1999                         225,000          22        26,978         (10,500)        (2,793)     13,707
                                              -------------  ----------  ------------  --------------   ------------   ---------
Cash payment of subcription receivable                   -           -             -          10,250              -      10,250
Net loss for year                                        -           -             -               -         (5,253)     (5,253)
                                              -------------  ----------  ------------  --------------   ------------   ---------
Balance -   April 30, 2000                         225,000          22        26,978            (250)        (8,046)     18,704
                                              -------------  ----------  ------------  --------------   ------------   ---------
Net loss for period                                      -           -             -               -        (16,725)    (16,725)
                                              -------------  ----------  ------------  --------------   ------------   ---------
Balance - January 31, 2001                         225,000        $ 22       $26,978          $ (250)      $(24,771)     $1,979
                                              =============  ==========  ============  ==============   ============   =========

See accountant's review report.

F-4

COLORADO COMMUNITY BROADCASTING, INC.

NOTES TO FINANCIAL STATEMENTS

1. Presentation of Interim Information

In the opinion of the management of Colorado Community Broadcasting, Inc., the accompanying unaudited financial statements include all normal adjustments considered necessary to present fairly the financial position as of January 31, 2001, and the results of operations for the three months and six months ended January 31, 2001 and 2000, and cash flows for the nine months ended January 31, 2001. Interim results are not necessarily indicative of results for a full year.

The financial statements and notes are presented as permitted by Form 10-Q, and do not contain certain information included in the Company's audited financial statements and notes for the fiscal year ended April 30, 2000.


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

RESULTS OF OPERATIONS FOR THE QUARTER ENDED OCTOBER 31, 2000 COMPARED TO SAME QUARTER IN 1999.

The Company had no revenues in the period in 2000 or 1999. The Company has been studying the feasibility of using low power television station license on which it has an option for purposes of Internet access in a wireless mode. The Company is also seeking financing for an attempt to equip a low power television station license for Internet access. The Company incurred operations expenses of $2,950 in 2000 and $2,105 in 1999 in the quarter. The Company had a loss on operations of ($2,950) in 2000 compared to ($2,105) in 1999 in the quarter. The loss per share was ($.01) and ($.01) in 2000 and 1999 respectively.

RESULTS OF OPERATIONS FOR THE SIX MONTH PERIOD ENDED OCTOBER 31, 2000 COMPARED TO THE SAME PERIOD ENDED OCTOBER 31, 1999

The Company had no revenues in the period in 2000 or 1999. The Company had expenses of $6425 and $3865 in the periods in 2000 and 1999, respectively. The Company had a net loss of ($6,425) in the six month period in 2000 compared to a net loss of ($3865) in the same period in 1999. The loss per share for the six month period was ($.03) in 2000 and ($.02) in 1999.

The trend of losses can be expected to continue for the foreseeable future as the Company attempts to commerce some business.

LIQUIDITY AND CAPITAL

The Company has only $12,279 in cash as of October 31, 2000, which is insufficient for any operations of significance. The Company will need to raise capital through loans or private placements in order to carry out any operational plan. The Company has no sources of such capital at this time.


PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. CHANGES IN SECURITIES

None

ITEM 3. DEFAULT UPON SENIOR SECURITIES

None

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

None

ITEM 5. OTHER INFORMATION

None

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

No reports on Form 8-K were made for the period for which

this report is filed.


SIGNATURES

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

Date: February 16, 2001

COLORADO COMMUNITY BROADCASTING, INC.

/s/ Adelisa Shwayder
-------------------------------------------
Adelisa Shwayder, Secretary/Treasurer