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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001023175-01-500208.txt : 20010727
<SEC-HEADER>0001023175-01-500208.hdr.sgml : 20010727
ACCESSION NUMBER:		0001023175-01-500208
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010630
FILED AS OF DATE:		20010726

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBALWISE INVESTMENTS INC
		CENTRAL INDEX KEY:			0001081745
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				870613716
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10QSB
		SEC ACT:		
		SEC FILE NUMBER:	000-31671
		FILM NUMBER:		1690033

	BUSINESS ADDRESS:	
		STREET 1:		525 S 300 EAST
		STREET 2:		STE 201
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111
		BUSINESS PHONE:		8013232395

	MAIL ADDRESS:	
		STREET 1:		525 SOUTH 300 EAST SUITE 201
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84111
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>glo10q.txt
<TEXT>

                                UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 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 June 30, 2001

[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934


                        Commission File No.  000-31671

                         GLOBALWISE INVESTMENTS, INC.
      (Exact name of Small Business Issuer as specified in its charter)

       NEVADA                                  87-0613716
- -------------------------------              ----------------
(State or other jurisdiction of              (I.R.S. Employer
incorporation or organization)               Identification Number)

                        525 South 300 East, Suite 201
                 --------------------------------------------
                          Salt Lake City, Utah84111
              (Address of principal executive offices)(Zip Code)


Issuer's telephone number, including area code (801) 323-2395
                                              ------------------

      Indicate by check mark whether the Issuer (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
Issuer was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. [X] Yes  [  ] No

      As of July 23, 2001 the registrant had 850,000 common shares
outstanding.

<PAGE>

                        PART 1 - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

      The financial information set forth below with respect to our statements
of operations for the three and six month periods ended June 30, 2001 and 2000
is unaudited.  This financial information, in the opinion of management,
includes all adjustments consisting of normal recurring entries necessary for
the fair presentation of such data.  The results of operations for the six
months ended June 30, 2001, are not necessarily indicative of results to be
expected for any subsequent period.

<PAGE> 2




                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                             Financial Statements
                                June 30, 2001

<PAGE> 3



                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                                Balance Sheets



                                    ASSETS

                                                  June 30,       December 31,
                                                  2001           2000
                                                  -------------- -------------
                                                  (Unaudited)
CURRENT ASSETS                                    $           -  $          -
                                                  -------------- -------------

  TOTAL ASSETS                                    $           -  $          -
                                                  ============== =============

                     LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable                                  $       1,345  $      1,345
                                                  -------------- -------------

  Total Liabilities                                       1,345         1,345
                                                  -------------- -------------
STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 50,000,000 shares
  authorized; 850,000 issued and outstanding                850           850

Additional Paid in Capital                               47,494        47,494

Deficit Accumulated During the Development Stage        (49,689)      (49,689)
                                                  -------------- -------------

  Total Stockholders' Equity                             (1,345)       (1,345)
                                                  -------------- -------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY      $           -  $          -
                                                  ============== =============

                                     F-1

<PAGE> 4

                         Globalwise Investments, Inc.
                        (A Development Stage Company)
                           Statement of Operations
                                 (Unaudited)
<TABLE>
<CAPTION>


                                                                                           From
                               For the        For the        For the        For the        Inception on
                               three months   three months   six months     six months     October 3,1997
                               ended June 30, ended June 30, ended June 30, ended June 30, to June 30,
                               2001           2000           2001           2000           2001
                               -------------- -------------- -------------- -------------- --------------
<S>                            <C>            <C>            <C>            <C>            <C>

REVENUES                       $           -  $           -  $           -  $           -  $           -
                               -------------- -------------- -------------- -------------- --------------
EXPENSES
  General & Administrative                 -              -              -          1,345         49,689
                               -------------- -------------- -------------- -------------- --------------

    TOTAL EXPENSES                         -              -              -          1,345         49,689
                               -------------- -------------- -------------- -------------- --------------

NET INCOME(LOSS)               $           -  $           -  $           -  $      (1,345) $     (49,689)
                               ============== ============== ============== ============== ==============

NET LOSS PER SHARE             $           -  $           -  $           -  $           -  $       (0.08)
                               ============== ============== ============== ============== ==============

WEIGHTED AVERAGE SHARES
  OUTSTANDING                        850,000        802,000        850,000        905,466        611,217
                               ============== ============== ============== ============== ==============


                                       F-2
</TABLE>
<PAGE> 5
<TABLE>
<CAPTION>


                          Globalwise Investments, Inc.
                          (A Development Stage Company)
                             Statement of Cash Flows
                                   (Unaudited)

                                                                                      From
                                                                                      Inception on
                                                        For the six months ended      October 3, 1997
                                                                  June 30,            Through
                                                               2001       2000        June 30, 2001
                                                        -------------- -------------- ---------------
<S>                                                     <C>            <C>            <C>
Cash Flows from Operating Activities

  Net Loss                                              $           -  $      (1,345) $      (21,345)
  Less Non-Cash Items:
  Stock Issued for Services                                         -              -          20,000
  Increase(Decrease) in Accounts Payable                            -          1,345           1,345
                                                        -------------- -------------- ---------------

  Net Cash Provided(Used) by Operating Activities                   -              -               -
                                                        -------------- -------------- ---------------
Cash Flows from Investing Activities

  Net Cash Provided(Used) by Investing Activities                   -              -               -
                                                        -------------- -------------- ---------------
Cash Flows from Financing Activities

  Net Cash Provided(Used) by Financing Activities                   -              -               -
                                                        -------------- -------------- ---------------

Increase in Cash                                                    -              -               -
                                                        -------------- -------------- ---------------

Cash and Cash Equivalents at Beginning of Period                    -              -               -
                                                        -------------- -------------- ---------------

Cash and Cash Equivalents at End of Period              $           -  $           -  $            -
                                                        ============== ============== ===============

Supplemental Non-Cash Financing Transactions:

 Stock Issued for Services                              $           -  $           -  $       20,000

Cash Paid For:
  Interest                                              $           -  $           -  $            -
  Income Taxes                                          $           -  $           -  $            -


                                       F-3

</TABLE>
<PAGE> 6



                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                          June 30, 2001



GENERAL

Globalwise Investments, Inc. (the Company) has elected to omit substantially
all footnotes to the financial statements for the six months ended June 30,
2001 since there have been no material changes (other than indicated in other
footnotes) to the information previously reported by the Company in their
Annual Report filed on the Form 10-KSB for the year ended December 31, 2000.

UNAUDITED INFORMATION

The information furnished herein was taken from the books and records of the
Company without audit.  However, such information reflects all adjustments
which are, in the opinion of management, necessary to properly reflect the
results of the interim period presented.  The information presented is not
necessarily indicative of the results from operations expected for the full
fiscal year.

                               F-4

<PAGE> 7

     In this report references to "Globalwise," "we," "us," and "our" refer to
Globalwise Investments, Inc.

                    Forward Looking Statements

     This form 10-QSB contains certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.  For this
purpose any statements contained in this Form 10-QSB that are not statements
of historical fact may be deemed to be forward-looking statements.  Without
limiting the foregoing, words such as "may," "will," "expect," "believe,"
"anticipate," "estimate" or "continue" or comparable terminology are intended
to identify forward-looking statements.  These statements by their nature
involve substantial risks and uncertainties, and actual results may differ
materially depending on a variety of factors, many of which are not within
Globalwise's control.  These factors include but are not limited to economic
conditions generally and in the market which Globalwise may participate;
competition within Globalwise's chosen market and failure by Globalwise to
successfully develop business relationships.


ITEM 2.  PLAN OF OPERATIONS

     We are a development stage company with no assets and we have experienced
losses since our inception.  We are dependent on financing to continue our
operations.  For the three and six month periods ended June 30, 2001, we had
no cash on hand and total current liabilities of $1,345.  The $1,345 account
payable is related to accounting and legal fees incurred during 1999 which
were paid on our behalf.

     We have no commitments for capital expenditures for the next twelve
months.  During the next twelve months we believe that our current cash needs
can be met by loans from our directors, officers and Mutual Ventures
Corporation based on understandings we have with these persons.  These
understandings are not written agreements and therefore these persons are not
obligated to provide funds.  Mutual Ventures, a shareholder, has in the past
advanced cash for services to assist us in our efforts to become a  reporting
company and has expressed a willingness to continue assistance.  We may repay
these loans, costs of services and advancements with cash, if available, or we
may convert them into common stock.

     Based on current economic and regulatory conditions, management believes
that it is possible, if not probable, for a company like ours, without many
assets or liabilities, to negotiate a merger or acquisition with a viable
private company.  The opportunity arises principally because of the high legal
and accounting fees and the length of time associated with the registration
process of "going public".  However, should any of these conditions change, it
is very possible that there would be little or no economic value for anyone
taking over control of Globalwise.

     Our management intends to actively pursue business opportunities during
the next twelve months.  All risks inherent in new and inexperienced
enterprises are inherent in our business.  We have not made a formal study of
the economic potential of any business.  As of the date of this filing, we
have not identified any assets or business opportunities for acquisition.

     In the event we acquire a business opportunity we may incur additional
expenses related to proxy or information statements we must provide to our
stockholders which disclose that company's business operations, management and
financial condition.  In addition, the acquired or merged company will be

<PAGE> 8

subject to these same reporting obligations.  Accordingly, we may incur
additional expense to conduct due diligence and present the required financial
and non-financial information for the business opportunity in a report.  Also,
the SEC may elect to conduct a full review of the successor company and may
issue substantive comments on the sufficiency of disclosure related to the
business opportunity.

     Potential investors must recognize that because of our limited capital
available for investigation and management's limited experience in business
analysis we may not discover or adequately evaluate adverse facts about the
business opportunity to be acquired.

     It is emphasized that our management may effect transactions having a
potentially adverse impact upon our shareholders pursuant to the authority and
discretion of our management to complete acquisitions without submitting any
proposal to the stockholders for their consideration.

     Should a merger or acquisition prove unsuccessful, it is possible that we
may decide not to pursue further acquisition activities and management may
abandon its activities and our shares would become worthless.


                   PART II - OTHER INFORMATION

ITEM 5.  OTHER INFORMATION

     On July 20, 2001, Anita Patterson resigned as our Secretary/Treasurer and
Director to pursue other interests.  On that same day, our Board of Directors
appointed Linda L. Perry to these positions.  Mrs. Perry is 57 years old and
serves as President of Business Builders, Inc., a privately held business
consulting firm which she co-founded in 1997.  She also serves as a director
of Wings &Things, Inc., a reporting company.  She attended Weber State
College, located in Ogden, Utah.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Part II Exhibits

Exhibit
Number   Description
- -------  --------------------
3.1      Articles of Incorporation, dated July 12, 2000 (Incorporated by
         reference to exhibit 3.1 of Form 10-SB, filed October 2, 2000.)

3.2      Articles of Merger, dated July 21, 2000 (Incorporated by reference to
         exhibit 3.2 of Form 10-SB, filed October 2, 2000.)

3.3      Bylaws of Globalwise (Incorporated by reference to exhibit 3.3 of
         Form 10-SB, filed October 2, 2000.)

(b)  Reports on Form 8-K

     None.

<PAGE> 9


                            SIGNATURES

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

     7/26/01
Date_____________     Globalwise Investments, Inc.


                        /s/ Donald R. Mayer
                   By: ______________________________________
                       Donald R. Mayer
                       President and Director



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