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        March 31, 2000
                                               --------------

[   ]    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 June 30, 2000.



<PAGE>
<TABLE>
<CAPTION>


                           GLOBAL TELEDATA CORPORATION

                                      INDEX


<S>               <C>
PART I.           FINANCIAL INFORMATION
                  ---------------------

Item 1.           Financial Statements (unaudited)

                  Consolidated Balance Sheets as of March 31, 2000 and December 31, 1999

                  Consolidated Statements of Operations for the Three Months
                  Ended March 31, 2000 and March 31,1999, and for the Period
                  from Inception (May 15, 1995) to March 31, 2000.

                  Consolidated Statements of Stockholders' Equity (Deficit) for the Period
                  from Inception (May 15, 1995) to March 31, 2000.

                  Consolidated Statements of Cash Flows for the Three Months
                  Ended March 31, 2000 and 1999 and for the Period from
                  Inception (May 15, 1995) to March 31, 2000.

                  Notes to Consolidated Financial Statements

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

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

Item 6.           Exhibits and Reports on Form 8-K

</TABLE>

                                       2


<PAGE>



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

Item 1.           Financial Statements (unaudited)

Basis of Presentation
---------------------

         The accompanying unaudited consolidated financial statements of
Celebrity Entertainment Group, Inc. (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
three month period ended March 31, 2000 are not necessarily indicative of the
results that may be expected for the year ending December 31, 2000. For further
information, refer to the consolidated financial statements and footnotes for
the year ended December 31, 1999 found in the Company's Form 10-KSB.



                                       3



<PAGE>



                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                                 Balance Sheets

<TABLE>
<CAPTION>

                                     ASSETS


                                                                                March 31,          December 31,
                                                                                  2000                1999
                                                                                --------            --------
<S>                                                                             <C>                 <C>
CURRENT ASSETS

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

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

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


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

CURRENT LIABILITIES

   Accounts payable                                                             $  1,500            $  2,806
                                                                                --------            --------

     Total Liabilities                                                             1,500               2,806
                                                                                --------            --------

STOCKHOLDERS' EQUITY (DEFICIT)

   Common stock; authorized 25,000,000 common shares
    at $0.001 par value; 9,975,354 and 3,475,354 shares
    issued and outstanding, respectively                                           9,975               9,975
   Additional paid-in capital                                                     17,229              12,681
   Deficit accumulated during development stage                                  (28,704)            (25,462)
                                                                                --------            --------

     Total Stockholders' Equity (Deficit)                                         (1,500)             (2,806)
                                                                                --------            --------

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


                     See Accountants' Review Report and the
                       accompanying notes to the reviewed
                              financial statements.


                                        4

<PAGE>



                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                            Statements of Operations


                                                                      From
                                                                   Inception on
                                             For the                  May 15,
                                       Three Months Ended          1995 Through
                                           March 31,                 March 31,
                                       2000            1999            2000
                                  -----------      -----------      -----------

REVENUES                          $        --      $        --      $        --

EXPENSES                               (3,242)          (3,187)         (28,704)
                                  -----------      -----------      -----------

NET LOSS                          $    (3,242)     $    (3,187)     $   (28,704)
                                  ===========      ===========      ===========

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

WEIGHTED AVERAGE SHARES
 OUTSTANDING                        9,975,354        9,975,354
                                  ===========      ===========



                     See Accountants' Review Report and the
                       accompanying notes to the reviewed
                              financial statements.


                                        5

<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>


                     See Accountants' Review Report and the
                       accompanying notes to the reviewed
                              financial statements.


                                        6

<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                                            --                  --               4,548                  --

Net loss for the three months
 ended March 31, 2000                                                --                  --                  --              (3,242)
                                                              ---------           ---------           ---------           ---------

Balance, March 31, 2000                                       9,975,354           $   9,975           $  17,229           $ (28,704)
                                                              =========           =========           =========           =========
</TABLE>





                     See Accountants' Review Report and the
                       accompanying notes to the reviewed
                              financial statements.


                                        7

<PAGE>



                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                            Statements of Cash Flows

<TABLE>
<CAPTION>


                                                                                                                            From
                                                                                             For the                   Inception on
                                                                                        Three Months Ended                May 15,
                                                                                            March 31,                  1995 Through
                                                                                 -----------------------------           March 31,
                                                                                    2000                1999               2000
                                                                                 --------             --------           --------
<S>                                                                              <C>                  <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES

   Net loss                                                                      $ (3,242)            $ (3,187)            $(28,704)
   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                                       (1,306)               3,187                1,500
                                                                                 --------             --------             --------

       Net Cash Used by Operating Activities                                       (4,548)                  --              (12,704)
                                                                                 --------             --------             --------

CASH FLOWS FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

   Expenses paid by shareholder                                                     4,548                   --               10,729
   Issuance of common stock                                                            --                   --                1,975
                                                                                 --------             --------             --------

       Net Cash Provided by Financing Activities                                    4,548                   --               12,704
                                                                                 --------             --------             --------

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                                                 $     --             $     --             $     --
</TABLE>



                     See Accountants' Review Report and the
                       accompanying notes to the reviewed
                              financial statements.


                                        8

<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                      March 31, 2000 and December 31, 1999


NOTE 1 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

              a.  Organization

              The financial statements presented are those of Global Teledata
              Corporation, (a development stage company) (the Company). The
              Company was incorporated in the State of Nevada on May 15, 1995 as
              Television Networking, Inc., for the purpose of entering the video
              production business. The Company ceased operations in 1996 and has
              since been inactive. On November 9, 1998, the Company's name was
              changed to Global Teledata Corporation.

              b.  Accounting Method

              The Company's financial statements are prepared using the accrual
              method of accounting. The Company has selected a December 31 year
              end.
<TABLE>
<CAPTION>

              c.  Basic Loss Per Share

                                                                     For the Three Months Ended
                                                                          March 31, 2000
                                                   ----------------------------------------------------------
                                                         Loss                Shares                Per Share
                                                        (Numerator)          (Denominator)           Amount
<S>                                                <C>                     <C>                 <C>
              Net loss                             $     (3,242)           9,975,354           $    (0.00)

                                                                     For the Three Months Ended
                                                                          March 31, 1999
                                                   ----------------------------------------------------------

                                                         Loss                Shares                Per Share
                                                        (Numerator)          (Denominator)           Amount

              Net loss                             $     (3,187)           9,975,354           $    (0.00)
</TABLE>

              The computation of basic loss per share of common stock is based
              on the weighted average number of shares outstanding.

              d.  Provision for Taxes

              The Company accounts for income taxes using Statement of Financial
              Accounting Standards No. 109, "Accounting for Income taxes." Under
              Statement 109, the liability method is used in accounting for
              income taxes.

              As of December 31, 1999, the Company had net operating loss
              carryforwards of approximately $28,700 that may be offset against
              future taxable income through 2020. The tax benefit of the net
              operating loss carryforwards is offset by a valuation allowance of
              the same amount due to the uncertainty that the carryforwards will
              be used before they expire.

                                        9

<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                      March 31, 2000 and December 31, 1999


NOTE 1 -      SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

              e.  Cash Equivalents

              The Company considers all highly liquid investments with a
              maturity of three months or less when purchased to be cash
              equivalents.

              f.  Estimates

              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.

              g.  Revenue Recognition

              The Company currently has no source of revenues. Revenue
              recognition policies will be determined when principal operations
              begin.

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.

NOTE 3 -      STOCK EXCHANGES

              On January 2, 1996, the Company entered into a stock exchange
              agreement whereby it acquired 100 shares of the voting stock of
              the Marine Way, Inc. in exchange for 8,000,000 shares of its
              common stock. The investment has been determined to have no value
              and has been written off.

              On September 30, 1996, the Company entered into an acquisition
              agreement whereby it acquired 100% of the issued and outstanding
              shares of Armor Insurance co., Inc. in exchange for 8,000,000
              shares of its common stock. The agreement was subsequently
              rescinded and the shares issued were canceled. The rescission has
              been recorded retroactively in the financial statements as not
              having occurred.



                                       10

<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                      March 31, 2000 and December 31, 1999


NOTE 3 -      STOCK EXCHANGES (Continued)

              In 1998, the Company canceled 6,500,000 shares of common stock as
              part of a merger agreement with International Computer Resources,
              Inc. The shares were part of a 1996 issuance to Marine Way, Inc.
              The merger with International Computer Resources, Inc. was not
              completed and the shares were reissued to Marine Way, Inc. on
              November 16, 1999, restoring all stockholders back to pre-merger
              status.



                                       11
<PAGE>



Item 2.           Management's Discussion and Analysis of Financial Condition
                  and 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 15,000,000 shares of common stock, $0.001
par value, of which 9,975,354 shares were issued and outstanding as of June 30,
2000. 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

                                       12
<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.
Marine Way has expressed its intention not to sell its shares of common stock
until such time as we have successfully consummated a merger or acquisition and
are no longer classified as a blank check company. In addition, Marine Way has
also expressed its intention not to sell its shares unless the shares are
subsequently registered or if an exemption from registration is available.

         Three Months Ended March 31, 2000 Compared to Three Months Ended
March 31, 1999.

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

Revenues
--------

         The Company currently has no established source of revenues. The
revenues for both the three months ended March 31, 2000 and for the three months
ended March 31, 1999 were $0.00.

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

         General and administrative expenses for the three months ended March
31, 2000 were $3,242 as compared to $3,187 for the three months ended March 31,
1999, representing an increase of $55. The 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 three months ended March 31,
2000 was $3,242 as compared to the net loss of $3,187 for the three months ended
March 31, 1999, representing an increase of $55.

Liquidity and Capital Resources


                                       13
<PAGE>



         To fund working capital requirements through March 31, 2000, the
Company utilized cash reserves based upon equity funding from a shareholder in
the amount of $4,548.

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

                  The following exhibits are filed as part of this report:

                  Exhibits:

                  (27.1)   Financial Data Schedule

         (b)      Reports on Form 8-K

                  None.

                                       14
<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:  June 30, 2000


                                       15