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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 10-QSB

                   Quarterly Report Under Section 13 or 15(d)
                     of the Securities Exchange Act of 1934
                 For the quarterly period ended October 31, 2000

                             Commission File Number
                                    000-29707

                              GREENHOLD GROUP, INC.
                 ----------------------------------------------
                 (Name of Small Business Issuer in its charter)

           FLORIDA                                              65-0910697
 ------------------------------                            -------------------
(State or other jurisdiction of                             (I.R.S. Employer
 incorporation or organization)                            Identification No.)


      120 N. U.S. Highway One
            Suite 100
         Tequesta, FL                                                33469
----------------------------------------                           ----------
(Address of principal executive offices)                           (Zip Code)

                    Issuer's telephone number: (561) 747-0244

                        --------------------------------

Check whether the issuer: (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant 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 November 15, 2000 the issuer had 3,000,000 shares of $.001
                      par value common stock outstanding.


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                                      INDEX

PART I.  FINANCIAL INFORMATION

Item 1.  Financial Statements

         Condensed Balance Sheet
         October 31, 2000

         Condensed Statement of Operations
         Three months ended October 31, 2000

         Condensed Statement of Cash Flows
         Three months ended October 31, 2000

         Notes to Financial Statements

Item 2.  Plan of Operation

PART II. OTHER INFORMATION

Item 1.  Legal Proceedings

Item 2.  Change in Securities

Item 3.  Default Upon Senior Securities

Item 4.  Submission of Matters to a Vote of Security Holders

Item 5.  Other Information

Item 6.  Exhibits and Reports on Form 8-K



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                              GREENHOLD GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                             CONDENSED BALANCE SHEET
                                OCTOBER 31, 2000
                                   (UNAUDITED)



                         ASSETS

CURRENT ASSETS
 Cash                                                                   $   108
                                                                        =======




                 LIABILITIES AND STOCKHOLDER'S EQUITY (DEFICIT)

CURRENT LIABILITIES
 Accounts payable                                                       $   459
 Due to affiliate                                                         3,200
                                                                        -------
         Total Current Liabilities                                        3,659
                                                                        -------

STOCKHOLDER'S EQUITY (DEFICIT)
Common stock, $.001 par value, 50,000,000
  shares authorized, 3,000,000 shares
  issued and outstanding                                                  3,000
 Deficit accumulated during the development
  stage                                                                  (6,551)
                                                                        -------
         Total Stockholder's Equity (Deficit)                            (3,551)
                                                                        -------

TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY
 (DEFICIT)                                                              $   108
                                                                        =======













                Read accompanying Notes to Financial Statements.



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                              GREENHOLD GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                       CONDENSED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                                    PERIOD FROM
                                                                   MARCH 22, 1999
                                 THREE MONTHS     NINE MONTHS       (INCEPTION)
                                   ENDED             ENDED            THROUGH
                                 OCTOBER 31,       OCTOBER 31,       OCTOBER 31,
                                    2000              2000              2000
                                 -----------       -----------     ---------------
<S>                              <C>               <C>               <C>
REVENUES                         $        --       $        --       $        --

EXPENSES

 General and administrative              609             6,551             6,551
                                 -----------       -----------       -----------

NET (LOSS)                       $      (609)      $    (6,551)      $    (6,551)
                                 ===========       ===========       ===========

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

WEIGHTED AVERAGE NUMBER OF
 SHARES OUTSTANDING                3,000,000         3,000,000         3,000,000
                                 ===========       ===========       ===========
</TABLE>



                Read accompanying Notes to Financial Statements.



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                              GREENHOLD GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                        CONDENSED STATEMENTS OF CASH FLOW
                       NINE MONTHS ENDED OCTOBER 31, 2000
                                       AND
         PERIOD FROM MARCH 22, 1999 (INCEPTION) THROUGH OCTOBER 31, 2000
                                   (UNAUDITED)

                                                            PERIOD FROM
                                                           MARCH 22, 1999
                                         NINE MONTHS        (INCEPTION)
                                     ENDED OCTOBER 31,   THROUGH OCTOBER 31,
                                            2000                 2000
                                     -----------------   ------------------

CASH FLOWS FROM OPERATING
 ACTIVITIES:

  Net (loss)                              $(6,551)            $(6,551)
  Adjustments to reconcile
   net loss to cash used in
   operating activities:
         Increase in accounts
           payable                            459                 459
                                          -------             -------
NET CASH USED IN OPERATING
 ACTIVITIES                                (6,092)             (6,092)
                                          -------             -------
CASH FLOWS FROM FINANCING
 ACTIVITIES:
 Increase in amount due to
  affiliate                                 3,350               3,350
 Repayment of amount due to
  affiliate                                  (150)               (150)
 Proceeds from issuance of
   common stock                                --               3,000
                                          -------             -------
NET CASH PROVIDED BY FINANCING
 ACTIVITIES                                 3,200               6,200
                                          -------             -------
NET INCREASE (DECREASE) IN
 CASH                                      (2,892)                108

CASH - BEGINNING                            3,000                  --
                                          -------             -------

CASH - ENDING                             $   108             $   108
                                          =======             =======






                Read accompanying Notes to Financial Statements.



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                              GREENHOLD GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS
                                OCTOBER 31, 2000

NOTE 1.  ORGANIZATION

         Greenhold Group, Inc. was incorporated on March 22, 1999 under the laws
         of the State of Florida and has a fiscal year ending January 31. The
         company is a "shell" company, the purpose of which is to seek and
         consummate a merger or acquisition. The company's headquarters is in
         Tequesta, Florida.

         On October 16, 2000, the Company's stockholders transferred their
         common shares to a private investment banking company. The Company
         became a wholly-owned subsidiary of the investment banking company.

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

         BASIS OF PRESENTATION

         The accompanying condensed financial statements are unaudited. These
         statements have been prepared in accordance with the rules and
         regulations of the Securities and Exchange Commission (SEC). Certain
         information and footnote disclosures normally included in financial
         statements prepared in accordance with generally accepted accounting
         principles have been condensed or omitted pursuant to such rules and
         regulations. In the opinion of management, all adjustments (which
         include only normal recurring adjustments) considered necessary for a
         fair presentation have been included. These financial statements should
         be read in conjunction with the Company's financial statements and
         notes thereto for the period ended January 31, 2000, included in the
         Company's Form 10-SB as filed with the SEC.

         LOSS PER SHARE

         Loss per share is computed by dividing net loss for the year by the
         weighted average number of shares outstanding.



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                              GREENHOLD GROUP, INC.
                          (A DEVELOPMENT STAGE COMPANY)

                          NOTES TO FINANCIAL STATEMENTS
                                OCTOBER 31, 2000

NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

         USE OF ESTIMATES

         Management uses estimates and assumptions in preparing financial
         statements in accordance with generally accepted accounting principles.
         Those estimates and assumptions affect the reported amounts of assets
         and liabilities, the disclosure of contingent assets and liabilities,
         and the reported revenues and expenses. Accordingly, actual results
         could vary from the estimates that were assumed in preparing the
         financial statements.

NOTE 3.  RELATED PARTY TRANSACTIONS

         DUE TO AFFILIATE

         Due to affiliate represents non-interest bearing advances from a
         company owned by the majority stockholder for operating expenses. As of
         October 16, 2000, this affiliate became the sole shareholder of the
         Company (Note 1).

NOTE 4.  CAPITAL STOCK

         The Company had originally authorized 1,000,000 common shares with a
         par value of $.01 per share. On December 1, 1999, the Articles of
         Incorporation were amended to increase the number of authorized common
         shares to 50,000,000, and to decrease the par value of the common
         shares to $.001 per share. As of October 31, 2000, 3,000,000 common
         shares were issued and outstanding.



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ITEM 2.  PLAN OF OPERATION

         Greenhold Group, Inc., ("Company"), became a registered public company
on April 25, 2000. The Company has no full time employees. Its officers and
directors allocate a portion of their time to the activities of the Company
without compensation. The Company has minimal capital, operating costs limited
to legal, accounting, and reporting-related fees, and does not expect to make
any acquisitions of property. The Company's purpose is to acquire an interest in
a business desiring to take advantage of the perceived benefit inherent to an
Exchange Act registered corporation. The Company's search is not restricted to
any specific business, industry, or geographic location. It may participate in a
business venture of virtually any kind.

IDENTIFYING TARGET COMPANIES. The Company has tentatively identified an entity
that wishes to merge with Greenhold. Officers and directors of the Company are
meeting with management and key personnel of the target entity and are
evaluating the feasibility of a business combination in accordance with
previously developed criteria as listed in the 10-QSB filed for the period
ending July 31, 2000.

BUSINESS COMBINATION. Management anticipates the structure for the proposed
acquisition will be in the form of a merger with the target company. The target
company proposes to purchase a majority of the shares of Greenhold and will
therefore assume control of the Company at closing. The Company and the target
are in negotiations to finalize an agreement. A closing date (on or before
December 21, 2000) has been set. At finalization and closing the Company will
file a Form 8-K with the Securities and Exchange Commission within the time
period prescribed by the Exchange Act.

WRITTEN AGREEMENT. The written agreements executed in consummation of an
acquisition or merger will contain, but not be limited to, the following:

         -representations and warranties by all parties thereto
         -specifications as to default penalties
         -terms of closing
         -conditions to be met prior to closing
         -conditions to be met after closing
         -allocation of costs, including legal and accounting fees

Because the Company is subject to all the reporting requirements included in the
Exchange Act, it is its affirmative duty to file independent audited financial
statements with the Securities and Exchange Commission as part of its Form 8-K
upon consummation of a merger or acquisition. The closing documents will provide
that such audited financial statements be available at closing or within ample
time to comply with reporting requirements. If such statements are not available
or do not conform to representations made by the target candidate, the proposed
transaction will be voidable at the discretion of present Company management.



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DISCLOSURE TO STOCKHOLDERS. The Company's Board of Directors will provide the
Company's shareholders with a proxy or information statement containing complete
disclosure documentation concerning a potential business opportunity structure.
Such documentation will include financial statements of target entity, and/or
assurances of value of the target entity assets.

                                     PART II
                                OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

         N/A

ITEM 2. CHANGES IN SECURITIES

        N/A

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES.

         N/A

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

         N/A

ITEM 5.  OTHER INFORMATION

         None

ITEM 6.  EXHIBITS

(a)      Exhibits

(27)     Financial Data Schedule (For SEC Use Only)
(b)      Reports on Form 8-K
               None



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                                   SIGNATURES

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

                              GREENHOLD GROUP INC.
                              (Registrant)


Date: November 27,2000        By: /s/ Vicki J. Lavache
                                  -----------------------------------------
                                  Vicki J. Lavache
                                  President and Chief
                                  Executive Officer



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