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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001023175-02-000091.txt : 20020507
<SEC-HEADER>0001023175-02-000091.hdr.sgml : 20020507
ACCESSION NUMBER:		0001023175-02-000091
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020331
FILED AS OF DATE:		20020507

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:		1934 Act
		SEC FILE NUMBER:	000-31671
		FILM NUMBER:		02636169

	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>globalwise10q.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 March 31, 2002

[ ]    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 of incorporation)              (I.R.S. Employer Identification Number)



525 South 300 East, Suite 201
Salt Lake City, Utah                         84111
- ---------------------------------------   ----------
(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 April 26, 2002, the registrant had 802,000 common shares
outstanding.

<PAGE>

                  PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

     The financial information set forth below with respect to our statements
of operations for the three month periods ended March 31, 2002 and 2001 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 three months
ended March 31, 2002, are not necessarily indicative of results to be expected
for any subsequent period.




                                2

<PAGE>






                   Globalwise Investments, Inc.
                       Financial Statements
                          March 31, 2002



<PAGE> 3



                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                          Balance Sheets
                              ASSETS
                                                      March 31   December 31
                                                        2002        2001
                                                  -------------- -------------
                                                    (Unaudited)

CURRENT ASSETS                                    $           -  $          -
                                                  -------------- -------------

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

                   LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts Payable - Related parties                $      21,345  $     21,345
                                                  -------------- -------------

  Total Liabilities                                      21,345        21,345
                                                  -------------- -------------
STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 50,000,000
  shares authorized; 802,000  shares
  issued and outstanding                                    802           802

Additional paid in Capital                               27,542        27,542

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

  Total Stockholders' Equity (deficit)                  (21,345)      (21,345)
                                                  -------------- -------------

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






<PAGE> 4

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


                                                                 From
                                                                 inception on
                                     For the three For the three October 3
                                     months ended  months ended  1997, to
                                     March 31,     March 31,     March 31,
                                     2002          2001          2002
                                     ------------- ------------- -------------

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

    TOTAL EXPENSES                              -             -        49,689
                                     ------------- ------------- -------------

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

NET LOSS PER SHARE                   $          -  $          -  $      (0.06)
                                     ============= ============= =============

WEIGHTED AVERAGE SHARES OUTSTANDING       802,000       850,000       655,495
                                     ============= ============= =============











<PAGE> 5

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



                                                                 From
                                                                 inception on
                                     For the three For the three October 3
                                     months ended  months ended  1997, through
                                     March 31,     March 31,     March 31,
                                     2002          2001          2002
                                     ------------- ------------- -------------

Cash Flows from Operating Activities
  Net Loss                           $          -  $          -  $    (49,689)

  Less  Non-cash Items:
  Capital contributions - expenses              -             -         6,550
  Increase in inventory                         -             -       (21,744)
  Stock issued for services                     -             -             -
  Increase in Accounts Payable                  -             -        21,944
                                     ------------- ------------- -------------
  Net Cash Provided (Used) by
    Operating Activities                        -             -       (42,939)
                                     ------------- ------------- -------------
Cash Flows from Investing Activities
  Purchase of equipment                         -             -       (20,530)
  Loss of cash in spin-off                      -             -        (1,531)

                                     ------------- ------------- -------------
  Net Cash Provided (Used) by
    Investing Activities                        -             -       (22,061)
                                     ------------- ------------- -------------
Cash Flows from Financing Activities
  Proceeds from stock issuance                  -             -        65,000
                                     ------------- ------------- -------------
  Net Cash Provided (Used) by
    Financing Activities                        -             -        65,000
                                     ------------- ------------- -------------
Increase (Decrease) in Cash                     -             -             -

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


Supplemental Cash Flow Information:

  Stock issued for services          $          -  $          -  $          -

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


<PAGE> 6





                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                          March 31, 2002


GENERAL
- -------

Globalwise Investments, Inc. (the Company) has elected to omit substantially
all footnotes to the financial statements for the three months ended March 31,
2002,  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 twelve months ended
December 31, 2001.

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.

<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  month period ended March 31, 2002, we had no cash
on hand and total current liabilities of $21,345.  The $21,345 account payable
is related to accounting and legal fees of approximately $16,345 which were
paid on our behalf by related parties and approximately $5,000 in services
rendered by our management.  Management intends that any agreement for a
merger or acquisition shall provide that this debt be paid as part of that
transaction.

     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 shareholders based on
understandings we have with these persons.  These understandings are not
written agreements and therefore these persons are not obligated to provide
funds.  We may repay these loans, costs of services and advancements with
cash, if available, or we may convert them into common stock.

     Our management intends to actively pursue business opportunities during
the next twelve months.  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.  As of the date
of this filing, we have not identified any assets or business opportunities
for acquisition, nor have we made a formal study of the economic potential of
any business.

     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.  Also, all risks inherent in new and
inexperienced enterprises are inherent in our business.

     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 an acquisition without submitting the
acquisition 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.

                                8
<PAGE>

                   PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)  Part II Exhibits

Exhibit Number  Description
- --------------  -----------

3.1             Articles of Incorporation, as amended (Incorporated by
                reference to exhibit 3.1 of Form 10-QSB, filed October 11,
                2001)

3.2             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.



                            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.


       5/3/02
Date_________________________     Globalwise Investments, Inc.


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




</TEXT>
</DOCUMENT>
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