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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001023175-05-000082.txt : 20050513
<SEC-HEADER>0001023175-05-000082.hdr.sgml : 20050513
<ACCEPTANCE-DATETIME>20050513165652
ACCESSION NUMBER:		0001023175-05-000082
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20050331
FILED AS OF DATE:		20050513
DATE AS OF CHANGE:		20050513

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:		05830145

	BUSINESS ADDRESS:	
		STREET 1:		2157 S. LINCOLN ST
		STREET 2:		2157 S. LINCOLN ST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84106
		BUSINESS PHONE:		8013232395

	MAIL ADDRESS:	
		STREET 1:		2157 S. LINCOLN ST
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84106
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>globalwise10qsb.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, 2005

[ ]   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 May 9, 2005 Globalwise Investments, Inc. 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............................................2

Item 2.  Plan of Operation...............................................8

Item 3.  Controls and Procedures.........................................8

PART II: OTHER INFORMATION

Item 6.  Exhibits........................................................9

Signatures...............................................................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 month periods ended March 31, 2005 and 2004 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 month
period ended March 31, 2005, are not necessarily indicative of results to be
expected for any subsequent period.



                                2
<PAGE>






                   Globalwise Investments, Inc.

                       Financial Statements

                          March 31, 2005






                                3
<PAGE>

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



                              ASSETS
                             -------

                                                      March 31    December 31
                                                        2005          2004
                                                   ------------- -------------
                                                    (Unaudited)
CURRENT ASSETS

Cash                                               $      2,869  $      3,081
                                                   ------------- -------------

  TOTAL ASSETS                                     $      2,869  $      3,081
                                                   ============= =============


               LIABILITIES AND STOCKHOLDERS' EQUITY
               ------------------------------------

CURRENT LIABILITIES

Accounts Payable - Related parties                 $     26,345  $     26,345
Accounts Payable - Other                                    900           185
Advances Payable                                          5,000         5,000
                                                   ------------- -------------

  Total Liabilities                                      32,245        31,530
                                                   ------------- -------------
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        (57,720)      (56,793)
                                                   ------------- -------------

  Total Stockholders' Equity (deficit)                  (29,376)      (28,449)
                                                   ------------- -------------

  TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY       $      2,869  $      3,081
                                                   ============= =============


                                4

<PAGE>


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

                                                                From
                                                                Inception on
                                For the         For the         October 3,
                                three months    three months    1997
                                ended March 31, ended March 31, to March 31,
                                2005            2004            2005
                                --------------- --------------- --------------

REVENUES                        $            -  $            -  $           -
                                --------------- --------------- --------------
EXPENSES
  General & Administrative                 927               -         57,720
                                --------------- --------------- --------------

    TOTAL EXPENSES                         927               -         57,720
                                --------------- --------------- --------------

NET INCOME (LOSS)               $         (927) $            -        (57,720)
                                =============== =============== ==============

NET LOSS PER SHARE              $            -  $            -  $       (0.06)
                                =============== =============== ==============
WEIGHTED AVERAGE SHARES
  OUTSTANDING                          802,000         802,000        714,070
                                =============== =============== ==============



                                5
<PAGE>

                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                     Statement of Cash Flows
                           (Unaudited)
                                                                 From
                                                                 Inception on
                                      For the three months ended October 3,
                                                March 31,        1997 Through
                                      -------------------------- March 31,
                                           2005         2004     2005
                                      ------------- ------------ -------------

Cash Flows from Operating Activities

  Net Loss                            $       (927) $         -  $    (57,720)
  Less Non-cash Items:
  Capital contributions - expenses               -            -         6,550
  Increase in inventory                          -            -       (21,744)
  Stock issued for services                      -            -             -
  Increase in Accounts Payable                 715            -        27,844
                                      ------------- ------------ -------------
  Net Cash Provided (Used) by
  Operating Activities                        (212)           -       (45,070)
                                      ------------- ------------ -------------
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
  Cash advance by unrelated company              -            -         5,000
                                      ------------- ------------ -------------
  Net Cash Provided (Used) by
  Financing Activities                           -            -        70,000
                                      ------------- ------------ -------------

Increase (Decrease) in Cash                   (212)           -         2,869

Cash and Cash Equivalents at
 Beginning of Period                         3,081            -             -
                                      ------------- ------------ -------------
Cash and Cash Equivalents at
 End of Period                        $      2,869  $         -  $      2,869
                                      ============= ============ =============
Supplemental Cash Flow Information:
  Stock issued for services           $          -  $         -  $     20,000

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



                                6

<PAGE>

                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                          March 31, 2005


GENERAL
- -------

Globalwise Investments, Inc. (the Company) has elected to omit substantially
all footnotes to the financial statements for the three months ended March 31,
2005,  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, 2004.


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.


                                8

<PAGE>

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

        SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Securities and Exchange Commission ("SEC") encourages companies to
disclose forward-looking information so that investors can better understand
future prospects and make informed investment decisions.  This report contains
these types of statements.  Words such as "may," "will," "expect," "believe,"
"anticipate," "estimate," "project," or "continue" or comparable terminology
used in connection with any discussion of future operating results or
financial performance identify forward-looking statements.  You are cautioned
not to place undue reliance on the forward-looking statements, which speak
only as of the date of this report.  All forward-looking statements reflect
our present expectation of future events and are subject to a number of
important factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.

ITEM 2.  PLAN OF OPERATION

During the next twelve months our management intends to actively seek an
operating company to acquire or merge with which may provide operating
revenue.  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
process of "going public."  However, 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.

As of the date of this filing, we have not identified any assets or business
opportunities for acquisition.  Potential investors must recognize that
because of limited capital available for investigation of business
opportunities and management's limited experience in business analysis, we may
not discover or adequately evaluate adverse facts about any business
opportunity to be acquired.  All risks inherent in new and inexperienced
enterprises are inherent in our plan.

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.

As of March 31, 2005 we had cash on hand of $2,869 and total current
liabilities of $32,245.  The majority of our operating expenses are related to
our reporting obligations under the Exchange Act.  These expenses include
legal, accounting and professional services required to prepare our reports
and the costs of filing the reports with the SEC.  We are unable to pay cash
for these services and have relied on third parties to pay for these costs on
our behalf.  These parties have not entered into written agreements
guaranteeing advances and, therefore, these parties are not obligated to
provide funds in the future.  However, management anticipates that these
parties will continue to pay for these costs on our behalf during the next
twelve months.  Historically, we have paid for these advances by converting
the debt into common stock.

ITEM 3. CONTROLS AND PROCEDURES

Our President, who acts in the capacity of principal executive officer and
principal financial officer, has concluded that the disclosures related to the
effectiveness of our disclosure controls and procedures and our internal
control over financial reporting made in our annual report on Form 10-KSB,
filed March 28, 2005, remain accurate.



                                8

<PAGE>

                   PART II - OTHER INFORMATION

ITEM 6.  EXHIBITS

Part I Exhibits

31.1   Principal Executive Officer Certification
31.2   Principal Financial Officer Certification
32.1   Section 1350 Certification

Part II Exhibits

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.)





                            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.


Date: May 11, 2005                 GLOBALWISE INVESTMENTS, INC.

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




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>globalwiseex311.txt
<DESCRIPTION>PRINCIPAL EXECUTIVE OFFICER CERTIFICATION
<TEXT>

Exhibit 31.1

            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 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 report, fairly present in all material respects
the financial condition, results of operations and cash flows of the small
business issuer as of, and for, the periods presented in this report.

4.    The small business issuer's other certifying officer(s) and I are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
small business issuer and have:

      (a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the small business issuer,
including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being
prepared;

      (b) Evaluated the effectiveness of the small business issuer's
disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures,
as of the end of the period covered by this report based on such evaluation;
and

      (c) Disclosed in this report any change in the small business issuer's
internal control over financial reporting that occurred during the small
business issuer's most recent fiscal quarter (the small business issuer's
fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the small business
issuer's internal control over financial reporting; and

5.    The small business issuer's other certifying officer(s) and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the small business issuer's auditors and the audit
committee of small business issuer's board of directors (or persons performing
the equivalent function):

      (a) All significant deficiencies and material weaknesses in the design
or operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

      (b) Any fraud, whether or not material, that involves management or
other employees who have a significant role in the small business issuer's
internal control over financial reporting.

                                    /s/ Donald R. Mayer
Date: May 11, 2005               ____________________________________________
                                 Donald R. Mayer, Principal Executive Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>globalwiseex312.txt
<DESCRIPTION>PRINCIPAL FINANCIAL OFFICER CERTIFICATION
<TEXT>
Exhibit 31.2

            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;

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

4.    The small business issuer's other certifying officer(s) and I are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
small business issuer and have:

      (a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the small business issuer,
including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being
prepared;

      (b) Evaluated the effectiveness of the small business issuer's
disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures,
as of the end of the period covered by this report based on such evaluation;
and

      (c) Disclosed in this report any change in the small business issuer's
internal control over financial reporting that occurred during the small
business issuer's most recent fiscal quarter (the small business issuer's
fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the small business
issuer's internal control over financial reporting; and

5.    The small business issuer's other certifying officer(s) and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the small business issuer's auditors and the audit
committee of small business issuer's board of directors (or persons performing
the equivalent function):

      (a) All significant deficiencies and material weaknesses in the design
or operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

      (b) Any fraud, whether or not material, that involves management or
other employees who have a significant role in the small business issuer's
internal control over financial reporting.


                             /s/ Donald R. Mayer
Date: May 11, 2005           _________________________________________________
                             Donald R. Mayer, Principal Financial Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>4
<FILENAME>globalwiseex321.txt
<DESCRIPTION>SECTION 1350 CERTIFICATION
<TEXT>

Exhibit 32.1


                   Globalwise Investments, Inc.

                 CERTIFICATION OF PERIODIC REPORT
    Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
                      18 U.S.C. Section 1350

The undersigned executive officer of Globalwise Investments, Inc. (the
"Company") certifies pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
that:

..    the quarterly report on Form 10-QSB of the Company for the quarter ended
     March 31, 2005, fully complies with the requirements of Section 13(a) or
     15(d) of the Securities Exchange Act of 1934; and

..    the information contained in the Form 10-QSB fairly presents, in all
     material respects, the financial condition and results of operations of
     the Company.



Date: May 11, 2005
                                         /s/ Donald R. Mayer
                                         ____________________________________
                                         Donald R. Mayer
                                         Principal Executive Officer
                                         Principal Financial Officer


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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