<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 September 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      (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 October 22, 2002, the registrant had 802,000 common shares outstanding.

Transitional small business disclosure format:  Yes [ ]  No [X]


<PAGE>


                        TABLE OF CONTENTS

                  PART I: FINANCIAL INFORMATION

Item 1:  Financial Statements .............................................3

Item 2:  Plan of Operations ...............................................8

Item 3:  Controls and Procedures...........................................9

                    PART II: OTHER INFORMATION

Item 6:  Exhibits and Reports on Form 8-K .................................9

Signatures and Certifications..............................................9








                  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 nine month periods ended September 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 nine month period ended September 30, 2002, are not necessarily
indicative of results to be expected for any subsequent period.








                                2


                   Globalwise Investments, Inc.
                       Financial Statements
                        September 30, 2002

<PAGE> 3





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


                              ASSETS



                                                    Sept. 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.
                  (A Development  Stage Company)
                     Statement of Operations
                           (Unaudited)


<TABLE>
<CAPTION>



                           For the        For the        For the        For the        From
                           three months   three months   nine months    nine months    inception on
                           ended Sept.30, ended Sept.30, ended Sept.30, ended Sept.30, October 3, 1997
                           2002           2001           2002           2001           to Sept.30, 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 nine months ended   October 3, 1997
                                                             Sept. 30,           Through
                                                         2002         2001       Sept. 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
                        September 30, 2002


GENERAL
-------

Globalwise Investments, Inc. (the Company) has elected to omit substantially
all footnotes to the financial statements for the nine months ended September
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, failure by management to successfully develop
business relationships, competition within the merger and acquisitions market,
lack of operations and future changes by regulatory agencies.


ITEM 2.  PLAN OF OPERATIONS

     We are a development stage company with no assets and we have experienced
losses since our inception.  As a result, we are dependent on financing to
continue our operations.  For the nine month period ended September 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.

                                8
<PAGE>


ITEM 3: CONTROLS AND PROCEDURES

     As a result of new SEC regulations, our Board formalized our disclosure
controls and procedures we use to ensure that material information regarding
our company and its operations is provided to the public in a timely manner.
On October 28, 2002, our President, acting in the capacity of principal
executive and financial officer evaluated the effectiveness of these
disclosure controls and procedures and determined that there were no
significant deficiencies in these procedures.

     Also, the President did not identify any deficiencies or material
weaknesses in our internal controls, nor did he identify fraud that involved
our management who had a significant role in our internal controls.  He did
not find any deficiencies of weaknesses which would require changes to be made
or corrective actions to be taken related to our internal controls.


                   PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a)     Part II Exhibits

Exhibit No.          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.


     10/28/02
Date________________          Globalwise Investments, Inc.


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


            PRINCIPAL EXECUTIVE OFFICER CERTIFICATION

I, Donald R. Mayer, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of Globalwise
Investments, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to


                                9

<PAGE>


state a material fact necessary to make the statement made, in light of the
circumstances under which statements were made, not misleading with respect to
the period covered by this quarterly report;

3.   Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

4.   The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a)   all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6.   The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.



        10/28/02               /s/ Donald R. Mayer
Date: ______________          ____________________________________________
                              Donald R. Mayer, Principal Executive Officer




            PRINCIPAL FINANCIAL OFFICER CERTIFICATION

I, Donald R. Mayer, certify that:

1.   I have reviewed this quarterly report on Form 10-QSB of  Globalwise
Investments, Inc.;

2.   Based on my knowledge, this quarterly report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statement made, in light of the circumstances under which statements
were made, not misleading with respect to the period covered by this quarterly
report;



                                10

<PAGE>


3.   Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this quarterly report.

4.   The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:

a)   designed such disclosure controls and procedures to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this quarterly report is being
prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
procedures as of a date within 90 days prior to the filing date of this
quarterly report (the "Evaluation Date"); and

c)   presented in this quarterly report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent function):

a)   all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to record,
process, summarize and report financial data and have identified for the
registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal controls;
and

6.   The registrant's other certifying officers and I have indicated in this
quarterly report whether or not there were significant changes in internal
controls or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any corrective
actions with regard to significant deficiencies and material weaknesses.


         10/28/02              /S/ Donald R. Mayer
Date: ______________          ____________________________________________
                              Donald R. Mayer, Principal Financial Officer



                                11

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</DOCUMENT>
