U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 10-QSB
(Mark One)

[ X ]    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
 ---     EXCHANGE ACT OF 1934

         For the quarterly period ended        September 30, 2001
                                        ----------------------------------------

[   ]    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
 ---

         For the transition period from               to
                                        --------------   ------------------

                        Commission File Number: 0-29247
                                                -------

                           Global Teledata Corporation
     -----------------------------------------------------------------------
        (Exact name of Small Business Issuer as specified in its Charter)

            NEVADA                                        65-0693103
-----------------------------               -----------------------------------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

                 18870 Still Lake Drive, Jupiter, Florida 33458
      ---------------------------------------------------------------------
                    (Address of principal executive offices)
                                 (561) 741-0410
                           (Issuer's telephone number)

                                       N/A
      ---------------------------------------------------------------------
              (Former Name, former address and former fiscal year,
                         if changed since last Report.)

         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
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. Yes   X    No
                  ----     ----

                      APPLICABLE ONLY TO CORPORATE ISSUERS

         State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date: 9,975,354 Common Stock as
of September 30, 2001.

<PAGE>


                           GLOBAL TELEDATA CORPORATION

                                      INDEX


PART I.           FINANCIAL INFORMATION
                  ---------------------

Item 1.           Financial Statements.

                  Consolidated Balance Sheets as of September 30, 2001
                  (unaudited) and December 31, 2000.

                  Consolidated Statements of Operations for the Nine Months
                  Ended September 30, 2001 and 2000, for the Three Months Ended
                  September 30, 2001 and 2000, and for the Period from Inception
                  (May 15, 1995) to September 30, 2001 (unaudited).

                  Consolidated Statements of Stockholders' Equity (Deficit) for
                  the Period from Inception (May 15, 1995) to September 30, 2001
                  (unaudited).

                  Consolidated Statements of Cash Flows for the Nine Months
                  Ended September 30, 2001 and 2000, and for the Period from
                  Inception (May 15, 1995) to September 30, 2001 (unaudited).

                  Notes to Consolidated Financial Statements.

Item 2.           Management's Discussion and Analysis or Plan of Operations.

PART II.          OTHER INFORMATION
                  -----------------

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


                                        1

<PAGE>

PART I.           FINANCIAL INFORMATION

Item 1.           Financial Statements (unaudited)

Basis of Presentation

         The accompanying unaudited consolidated financial statements of Global
Teledata Corporation (the "Company") have been prepared in accordance with
generally accepted accounting principles for interim financial information and
with the instructions to Form 10- Q and Regulation S-B. Accordingly, they do not
include all of the information and footnotes required by generally accepted
accounting principles for complete financial statements. In the opinion of
management, all adjustments considered necessary for a fair presentation
(consisting of normal recurring accruals) have been included. The preparation of
financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results could differ
from those estimates. Operating results for the nine month period ended
September 30, 2001 are not necessarily indicative of the results that may be
expected for the year ending December 31, 2001. For further information, refer
to the consolidated financial statements and footnotes for the year ended
December 31, 2000 found in the Company's Form 10-KSB.













                                       2

<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                                 Balance Sheets

<TABLE>
<CAPTION>
                                                                      September 30,      December 31,
                                                                          2001               2000
                                                                      -------------      ------------
                                                                       (Unaudited)
<S>                                                                   <C>                <C>
                                     ASSETS
                                     ------
CURRENT ASSETS

   Cash                                                               $          --      $         --
                                                                      -------------      ------------

     Total Current Assets                                                        --                --
                                                                      -------------      ------------

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


                 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
                 ----------------------------------------------

CURRENT LIABILITIES

   Accounts payable                                                   $          --      $      1,284
                                                                      -------------      ------------

     Total Liabilities                                                           --             1,284
                                                                      -------------      ------------

STOCKHOLDERS' EQUITY (DEFICIT)

   Common stock; authorized 25,000,000 common shares
    at $0.001 par value; 9,975,354 and 9,975,354 shares
    issued and outstanding, respectively                                      9,975             9,975
   Additional paid-in capital                                                50,156            30,180
   Deficit accumulated during development stage                             (60,131)          (41,439)
                                                                      -------------      ------------

     Total Stockholders' Equity (Deficit)                                        --            (1,284)
                                                                      -------------      ------------

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                                                $          --      $         --
                                                                      =============      ============
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       3
<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)
<TABLE>
<CAPTION>

                                                                                                                      From
                                                    For the                          For the                      Inception on
                                              Nine Months Ended                Three Months Ended                 May 15, 1995
                                                 September 30,                     September 30,                    Through
                                     -------------------------------------  ---------------------------------     September 30,
                                           2001                2000               2001              2000              2001
                                     ----------------  -------------------  ----------------  ---------------  ------------------
<S>                                  <C>               <C>                  <C>               <C>              <C>
REVENUES                             $             --  $                --  $             --  $            --  $               --
                                     ----------------  -------------------  ----------------  ---------------  ------------------

EXPENSES                                      (18,692)              (8,410)           (3,006)          (3,424)            (60,131)
                                     ----------------  -------------------  ----------------  ---------------  ------------------

NET LOSS                             $        (18,692) $            (8,410) $         (3,006) $        (3,424) $          (60,131)
                                     ================  ===================  ================  ===============  ==================

BASIC LOSS PER SHARE                 $          (0.00) $             (0.00) $          (0.00) $         (0.00) $            (0.00)
                                     ================  ===================  ================  ===============  ==================

WEIGHTED AVERAGE
 NUMBER OF SHARES
 OUTSTANDING                                9,975,354            9,975,354         9,975,354        9,975,354
                                     ================  ===================  ================  ===============
</TABLE>





   The accompanying notes are an integral part of these financial statements.

                                       4

<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                  Statements of Stockholders' Equity (Deficit)

<TABLE>
<CAPTION>
                                                                                                      Deficit
                                                                                                    Accumulated
                                                       Common Stock                 Additional        During the
                                             ---------------------------------        Paid-in        Development
                                                 Shares            Amount             Capital           Stage
                                             ----------------  ---------------   ---------------  ----------------
<S>                                          <C>               <C>               <C>              <C>
Balance at inception                                       --  $            --   $            --  $             --

Issuance of common stock
 at inception at $0.001 per share                   1,975,354            1,975                --                --

Net loss from inception to
 December 31, 1995                                         --               --                --            (2,033)
                                             ----------------  ---------------   ---------------  ----------------

Balance, December 31, 1995                          1,975,354            1,975                --            (2,033)

Common stock issued for
 acquisition of Marine Way, Inc.
 stock at $0.001 per share                          8,000,000            8,000                --                --

Expenses paid by shareholder
 on behalf of the Company                                  --               --               780                --

Net loss for the year ended
 December 31, 1996                                         --               --                --            (8,880)
                                             ----------------  ---------------   ---------------  ----------------

Balance, December 31, 1996                          9,975,354            9,975               780           (10,913)

Expenses paid by shareholder
 on behalf of the Company                                  --               --             1,000                --

Net loss for the year ended
 December 31, 1997                                         --               --                --            (1,100)
                                             ----------------  ---------------   ---------------  ----------------

Balance, December 31, 1997                          9,975,354            9,975             1,780           (12,013)

Cancellation of common stock                       (6,500,000)          (6,500)            6,500                --

Expenses paid by shareholder
 on behalf of the Company                                  --               --               959                --

Net loss for the year ended
 December 31, 1998                                         --               --                --              (701)
                                             ----------------  ---------------   ---------------  ----------------

Balance, December 31, 1998                          3,475,354  $         3,475   $         9,239  $        (12,714)
                                             ----------------  ---------------   ---------------  ----------------
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       5

<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
            Statements of Stockholders' Equity (Deficit) (Continued)


<TABLE>
<CAPTION>
                                                                                                      Deficit
                                                                                                    Accumulated
                                                       Common Stock                 Additional        During the
                                             ---------------------------------        Paid-in        Development
                                                 Shares            Amount             Capital           Stage
                                             ----------------  ---------------   ---------------  ----------------
<S>                                          <C>               <C>               <C>              <C>

Balance, December 31, 1998                          3,475,354  $         3,475   $         9,239  $        (12,714)

Expenses paid by shareholder on
 behalf of the Company                                     --               --             3,442                --

Common stock issued for
 services valued at $0.001
 per share                                          6,500,000            6,500                --                --

Net loss for the year ended
 December 31, 1999                                         --               --                --           (12,748)
                                             ----------------  ---------------   ---------------  ----------------

Balance, December 31, 1999                          9,975,354            9,975            12,681           (25,462)

Expenses paid by shareholder
 on behalf of the Company                                  --               --            17,499                --

Net loss for the year ended
 December 31, 2000                                         --               --                --           (15,977)
                                             ----------------  ---------------   ---------------  ----------------

Balance, December 31, 2000                          9,975,354            9,975            30,180           (41,439)

Expenses paid by shareholder
 on behalf of the Company
 (unaudited)                                               --               --            19,976                --

Net loss for the nine months
 ended September 30, 2001
 (unaudited)                                               --               --                --           (18,692)
                                             ----------------  ---------------   ---------------  ----------------

Balance, September 30,
 2001 (unaudited)                                   9,975,354  $         9,975   $        50,156  $        (60,131)
                                             ================  ===============   ===============  ================
</TABLE>




   The accompanying notes are an integral part of these financial statements.

                                       6
<PAGE>
                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                      From
                                                                         For The                  Inception on
                                                                   Nine Months Ended              May 15, 1995
                                                                      September 30,                 Through
                                                        -------------------------------------     September 30,
                                                                2001                2000               2001
                                                        -----------------   -----------------   ------------------
<S>                                                     <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING
 ACTIVITIES

   Net loss                                             $         (18,692)  $          (8,410)  $         (60,131)
   Adjustments to reconcile net loss to
    cash used by operations:
     Common stock issued for stock                                     --                  --              14,500
     Amortization                                                      --                  --                 500
     Increase in other assets                                          --                  --                (500)
     Increase (decrease) in accounts
      payable                                                      (1,284)                519                  --
                                                        -----------------   -----------------   -----------------

       Net Cash Used by Operating
        Activities                                                (19,976)             (7,891)            (45,631)
                                                        -----------------   -----------------   -----------------

CASH FLOWS FROM INVESTING
 ACTIVITIES                                                            --                  --                  --
                                                        -----------------   -----------------  ------------------

CASH FLOWS FROM FINANCING
 ACTIVITIES

   Expenses paid by shareholder                                    19,976               7,891              43,656
   Issuance of common stock                                            --                  --               1,975
                                                        -----------------   ------------------  -----------------

       Net Cash Provided by Financing
        Activities                                                 19,976               7,891              45,631
                                                        ------------------  ------------------  -----------------

NET INCREASE (DECREASE) IN
 CASH                                                                  --                  --                  --

CASH AT BEGINNING OF YEAR                                              --                  --                  --
                                                        -----------------   -----------------  ------------------

CASH AT END OF YEAR                                     $              --   $              --   $              --
                                                        =================   =================  ==================

CASH PAID DURING THE YEAR FOR:

   Interest                                             $              --   $              --   $              --
   Income taxes                                         $              --   $              --   $              --

NON-CASH FINANCING ACTIVITIES

   Common stock issued for stock                        $              --   $              --   $          14,500
</TABLE>

   The accompanying notes are an integral part of these financial statements.

                                       7
<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                    September 30, 2001 and December 31, 2000



NOTE 1 -      CONDENSED FINANCIAL STATEMENTS

              The accompanying financial statements have been prepared by the
              Company without audit. In the opinion of management, all
              adjustments (which include only normal recurring adjustments)
              necessary to present fairly the financial position, results of
              operations and cash flows at September 30, 2001 and 2000 and for
              all periods presented have been made.

              Certain information and footnote disclosures normally included in
              financial statements prepared in accordance with generally
              accepted accounting principles have been condensed or omitted. It
              is suggested that these condensed financial statements be read in
              conjunction with the financial statements and notes thereto
              included in the Company's December 31, 2000 audited financial
              statements. The results of operations for the period ended
              September 31, 2001 and 2000 are not necessarily indicative of the
              operating results for the full years.

NOTE 2 -      GOING CONCERN

              The Company's financial statements are prepared using generally
              accepted accounting principles applicable to a going concern which
              contemplates the realization of assets and liquidation of
              liabilities in the normal course of business. However, the Company
              does not have significant cash or other material assets, nor does
              it have an established source of revenues sufficient to cover its
              operating costs and to allow it to continue as a going concern. It
              is the intent of the Company to seek a merger with an existing,
              operating company. Until that time, the stockholders have
              committed to cover operating costs of the Company.


                                       8
<PAGE>


Item 2.      Management's Discussion and Analysis of Financial Condition or Plan
             of Operations

General
-------

         Global Teledata Corporation was incorporated on May 15, 1995 as a
Nevada Corporation under the name Television Networking, Inc. Global was
incorporated for the purpose of entering the video production business. It
ceased operations in 1996 and, since that time, has been inactive. In November
1998, in connection with a merger with another entity that was later rescinded
by both parties, Global amended its articles of incorporation to change its name
to Global Teledata Corporation.

         We are authorized to issue 25,000,000 shares of common stock, $0.001
par value, of which 9,975,354 shares were issued and outstanding as of September
30, 2001. We are authorized to issue 10,000,000 shares of preferred stock,
$0.001 par value, none of which are issued and outstanding. Each holder of the
common stock shall be entitled to one vote for each share held. The preferred
stock may be divided into series or classes by us upon the approval of a
majority vote of our directors.

         Other than issuing shares to shareholders, we have not commenced any
operational activities. As such, we can be defined as a "shell" company, whose
sole purpose at this

                                        9

<PAGE>


time is to locate and consummate a merger or acquisition with a private entity.
Our directors have elected to commence implementation of our principal business
purpose. Our offices are located at 18870 Still Lake Drive, Jupiter, Florida
33458.

         The proposed business activities described in this report classify us
as a blank check company. Many states have enacted statutes, rules and
regulations limiting the sale of securities of blank check companies in their
respective jurisdictions. Marine Way, Inc., holds 6,500,000 of our shares. We do
not intend to undertake any other offering of our securities, either debt or
equity, until such time as we have successfully implemented our business plan.

Results of Operations
---------------------

         Nine months ended September 30, 2001 compared to nine months ended
September 30, 2000, and for the three months ended September 30, 2001 compared
to the three months ended September 30, 2000.

Revenues
--------

         The Company currently has no established source of revenues. The
revenues for the nine months ended September 30, 2001, the nine months ended
September 30, 2000, the three months ended September 30, 2001, and the three
months ended September 30, 2000 were $0.00.

General and Administrative Expenses
-----------------------------------

         General and administrative expenses for the nine months ended September
30, 2001 were $18,692 as compared to $8,410 for the nine months ended September
30, 2000, representing an increase of $10,282; and for the three months ended
September 30, 2001 were $3,006 as compared to $3,424 for the three months ended
September 30, 2000, representing a decrease of $418. The overall increase in
general and administrative expenses was due to an increase in business
development costs including professional fees and consulting fees.

Net Loss
--------

         As a result of the above, net loss for the nine months ended September
30, 2001 was $18,692 as compared to the net loss of $8,410 for the nine months
ended September 30, 2000, representing an increase of $10,282; the net loss for
the three months ended September 30, 2001 was $3,006 as compared to the net loss
of $3,424 for the three months ended September 30, 2000, representing a decrease
of $418.


                                       10

<PAGE>


Liquidity and Capital Resources
-------------------------------

         To fund working capital requirements for the nine months ended
September 30, 2001, the Company utilized cash reserves based upon additional
paid-in capital from a shareholder in the amount of $19,976.

Cautionary Statement Regarding Forward-Looking Statements
---------------------------------------------------------

         Certain statements contained in this Section and elsewhere in this
report regarding matters that are not historical facts are forward-looking
statements. Because such forward- looking statements include risks and
uncertainties, actual results may differ materially from those expressed or
implied by such forward-looking statements. All statements which address
operating performance, events or developments that management expects or
anticipates to incur in the future, including statements relating to sales and
earnings growth or statements expressing general optimism about future operating
results, are forward- looking statements. The forward-looking statements are
based on management's current views and assumptions regarding future events and
operating performance. Many factors could cause actual results to differ
materially from estimates contained in management's forward-looking statements.
The differences may be caused by a variety of factors, including, but not
limited to, adverse economic conditions, competitive pressures, inadequate
capital, unexpected costs, lower revenues, net income and forecasts, the
possibility of fluctuation and volatility of the Company's operating results and
financial condition, inability to carry out marketing and sales plans and loss
of key executives, among other things.

PART II.          OTHER INFORMATION
                  -----------------

Item 6.           Exhibits and Reports on Form 8-K

         (a)      Exhibits required by Item 601 of Regulation S-B

                  None.

         (b)      Reports on Form 8-K

                  None.

                                       11

<PAGE>



                                    SIGNATURE
                                    ---------

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned as duly authorized officers of the Registrant.


                                     Global Teledata Corporation,
                                     a Nevada corporation



                                     By: /s/ Alan Pavsner
                                        ----------------------------------------
                                          Alan Pavsner, President and Director
                                          (Principal Executive, Financial and
                                          Accounting Officer)



                                     By: /s/ Mary Francis Pavsner
                                        ----------------------------------------
                                          Mary Francis Pavsner, Secretary




DATED: October 30, 2001



                                       12