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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001023175-02-000160.txt : 20020808
<SEC-HEADER>0001023175-02-000160.hdr.sgml : 20020808
<ACCEPTANCE-DATETIME>20020808145045
ACCESSION NUMBER:		0001023175-02-000160
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020630
FILED AS OF DATE:		20020808

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:		02722855

	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 June 30, 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)

2157 S. Lincoln Street, Salt Lake City, Utah     84106
- --------------------------------------------------------
(Address of principal executive offices)      (Zip Code)


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

525 South 300 East, Suite 201, Salt Lake City, Utah 84111
- ---------------------------------------------------------
(Former address)

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 August 5, 2002, the registrant had 802,000 common shares outstanding.


<PAGE> 1

                  PART I - 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, 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 six
month period ended June 30, 2002, are not necessarily indicative of results to
be expected for any subsequent period.

<PAGE> 2







                   Globalwise Investments, Inc.
                       Financial Statements
                          June 30, 2002

<PAGE> 3





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


                              ASSETS

                                                     June 30      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.
                   (Development  Stage Company)
                     Statement of Operations
                           (Unaudited)

<TABLE>
<CAPTION>

                                                                                            From
                                                                                            inception on
                                For the        For the        For the        For the        October 3,
                                three months   three months   six months     six months     1997
                                ended June 30, ended June 30, ended June 30, ended June 30, to June 30,
                                2002           2001           2002           2001           2002
                                -------------- -------------- -------------- -------------- -------------
<s>                             <c>            <c>            <c>            <c>            <c>
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                         850,000        850,000        850,000        850,000       663,220
                                ============== ============== ============== ============== =============
</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
                                                                  2002        2001      June 30, 2002
                                                            ------------- ------------- --------------
<s>                                                         <c>           <c>           <c>
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                                            $          -  $          -  $           -



</TABLE>
<PAGE> 6



                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                          June 30, 2002


GENERAL

Globalwise Investments, Inc. (the Company) has elected to omit substantially
all footnotes to the financial statements for the six months ended June 30,
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 quarterly report contains certain forward-looking statements and 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 six month period ended June 30, 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.

     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.  Management
intends that any agreement for a merger or acquisition shall provide that
these debts be paid as part of that transaction.

     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.

<PAGE> 8


                   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.


       8/8/02
Date_________________________     Globalwise Investments, Inc.

                                      /s/ Donald R. Mayer
                                  By: ______________________________________
                                      Donald R. Mayer
                                      President, Principal Financial and
                                      Accounting Officer, and Director



                                9




</TEXT>
</DOCUMENT>
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