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, 2002
                                               ------------------

[ ]      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 October 25, 2002.


<PAGE>
                           GLOBAL TELEDATA CORPORATION

                                      INDEX


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

Item 1.           Financial Statements.

                  Unaudited Condensed Balance Sheets as of September 30, 2002
                  and December 31, 2001.

                  Unaudited Condensed Statements of Operations for the Nine
                  Months Ended September 30, 2002 and 2001, for the Three Months
                  Ended September 30, 2002 and 2001, and for the Period from
                  Inception (May 15, 1995) to September 30, 2002.

                  Unaudited Condensed Statements of Stockholders' Equity
                  (Deficit) for the Period from Inception (May 15, 1995) to
                  September 30, 2002.

                  Unaudited Condensed Statements of Cash Flows for the Nine
                  Months Ended September 30, 2002 and 2001, and for the Period
                  from Inception (May 15, 1995) to September 30, 2002.

                  Notes to 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 "Registrant") 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, 2002 are not necessarily indicative of the results that may be
expected for the year ending December 31, 2002. For further information, refer
to the financial statements and footnotes for the year ended December 31, 2001
found in the Registrant's Form 10-KSB.



                                       2
<PAGE>

                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                                 Balance Sheets

                                     ASSETS
                                     ------
<TABLE>
<CAPTION>
                                                                  September 30,   December 31,
                                                                       2002           2001
                                                                  ------------   -------------
                                                                   (Unaudited)
<S>                                                                     <C>            <C>
CURRENT ASSETS

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

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

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


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

CURRENT LIABILITIES

   Accounts payable                                                  $    693       $     --
                                                                     --------       --------

     Total Current Liabilities                                            693             --
                                                                     --------       --------

STOCKHOLDERS' EQUITY (DEFICIT)

   Common stock; authorized 25,000,000 common shares
     at $0.001 par value; 9,975,354 shares
     issued and outstanding                                             9,975          9,975
   Additional paid-in capital                                          59,384         52,475
   Deficit accumulated during development stage                       (70,052)       (62,450)
                                                                     --------       --------

     Total Stockholders' Equity (Deficit)                                  --             --
                                                                     --------       --------

     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
                                 Three Months Ended                 Nine Months Ended               May 15,
                                   September 30,                       September 30,             1995 through
                          -----------------------------       -----------------------------       September 30,
                              2002              2001              2002              2001             2002
                          -----------       -----------       -----------       -----------       -----------
<S>                       <C>               <C>               <C>               <C>               <C>
REVENUES                  $        --       $        --       $        --       $        --       $        --
                          -----------       -----------       -----------       -----------       -----------

EXPENSES                        2,391             3,006             7,602            18,692            70,052
                          -----------       -----------       -----------       -----------       -----------

NET LOSS                  $    (2,391)      $    (3,006)      $    (7,602)      $   (18,692)      $   (70,052)
                          ===========       ===========       ===========       ===========       ===========

BASIC LOSS PER SHARE      $     (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                    --             --         22,295             --

Net loss for the year ended
   December 31, 2001                           --             --             --        (21,011)
                                        ---------      ---------      ---------      ---------

Balance, December 31, 2001              9,975,354          9,975         52,475        (62,450)

Expenses paid by shareholder
   on behalf of the Company
   (unaudited)                                 --             --          6,909             --

Net loss for the nine months ended
   September 30, 2002 (unaudited)              --             --             --         (7,602)
                                        ---------      ---------      ---------      ---------

Balance, September 30, 2002
 (unaudited)                            9,975,354      $   9,975      $  59,384      $ (70,052)
                                        =========      =========      =========      =========
</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
                                                                                 Inception on
                                                             For The             May 15, 1995
                                                         Nine Months Ended         Through
                                                           September 30,         September 30,
                                                     -----------------------     -------------
                                                       2002           2001            2002
                                                     --------       --------       --------
<S>                                                  <C>            <C>            <C>
CASH FLOWS FROM OPERATING
ACTIVITIES

   Net loss                                          $ (7,602)      $(18,692)      $(70,052)
   Adjustments to reconcile net loss to
   cash used by operations:
     Common stock issued for services                      --             --         14,500
     Amortization                                          --             --            500
   Changes in operating assets and liabilities:
     Increase in other assets                              --             --           (500)
     Increase (decrease) in accounts payable              693         (1,284)           693
                                                     --------       --------       --------

       Net Cash Used by Operating Activities           (6,909)       (19,976)       (54,859)
                                                     --------       --------       --------

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

CASH FLOWS FROM FINANCING
ACTIVITIES

   Expenses paid by shareholder                         6,909         19,976         52,884
   Issuance of common stock                                --             --          1,975
                                                     --------       --------       --------

       Net Cash Provided by Financing
       Activities                                       6,909         19,976         54,859
                                                     --------       --------       --------

NET INCREASE IN CASH                                       --             --             --

CASH AT BEGINNING OF PERIOD                                --             --             --
                                                     --------       --------       --------

CASH AT END OF PERIOD                                $     --       $     --       $     --
                                                     ========       ========       ========

CASH PAID DURING THE PERIOD FOR:

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

NON-CASH FINANCING ACTIVITIES

   Common stock issued for services                  $     --       $     --       $ 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, 2002 and December 31, 2001


NOTE 1 - BASIS OF FINANCIAL STATEMENT PRESENTATION

         The accompanying unaudited condensed financial statements have been
         prepared by the Company pursuant to the rules and regulations of the
         Securities and Exchange Commission. Certain information and footnote
         disclosures normally included in financial statements prepared in
         accordance with accounting principles generally accepted in the United
         States of America have been condensed or omitted in accordance with
         such rules and regulations. The information furnished in the interim
         condensed financial statements include normal recurring adjustments and
         reflects all adjustments, which, in the opinion of management, are
         necessary for a fair presentation of such financial statements.
         Although management believes the disclosures and information presented
         are adequate to make the information not misleading, it is suggested
         that these interim condensed financial statements be read in
         conjunction with the Company's most recent audited financial statements
         and notes thereto included in its January 9, 2002 Annual Report on Form
         10-KSB. Operating results for the nine months ended September 30, 2002
         are not necessarily indicative of the results that may be expected for
         the year ending December 31, 2002.

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. The Company has not yet established
         an ongoing source of revenues sufficient to cover its operating costs
         and allow it to continue as a going concern. The ability of the Company
         to continue as a going concern is dependent on the Company obtaining
         adequate capital to fund operating losses until it becomes profitable.
         If the Company is unable to obtain adequate capital, it could be forced
         to cease development of operations.

         In order to continue as a going concern, develop a reliable source of
         revenues, and achieve a profitable level of operations the Company will
         need, among other things, additional capital resources. Management's
         plans to continue as a going concern include raising additional capital
         through sales of common stock. However, management cannot provide any
         assurances that the Company will be successful in accomplishing any of
         its plans.

         The ability of the Company to continue as a going concern is dependent
         upon its ability to successfully accomplish the plans described in the
         preceding paragraph and eventually secure other sources of financing
         and attain profitable operations. The accompanying financial statements
         do not include any adjustments that might be necessary if the Company
         is unable to continue as a going concern.


                                       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 October
25, 2002. 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 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, 2002 compared to nine months ended
September 30, 2001, and for the three months ended September 30, 2002 compared
to the three months ended September 30, 2001.

Revenues
--------

         The Registrant currently has no established source of revenues. The
revenues for the three and nine months ended September 30, 2002, and for the
three and nine months ended September 30, 2001 were $0.00.


                                       9
<PAGE>


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

         General and administrative expenses for the nine months ended September
30, 2002 were $7,602 as compared to $18,692 for the nine months ended September
30, 2001, representing a decrease of $11,090; and for the three months ended
September 30, 2002 were $2,391 as compared to $3,006 for the three months ended
September 30, 2001, representing a decrease of $615. The decreases in general
and administrative expenses were due to a decrease 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, 2002 was $7,602 as compared to the net loss of $18,692 for the nine months
ended September 30, 2001, representing a decrease of $11,090; the net loss for
the three months ended September 30, 2002 was $2,391 as compared to the net loss
of $3,006 for the three months ended September 30, 2001, representing a decrease
of $615.

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

         To fund working capital requirements through September 30, 2002, the
Registrant utilized cash reserves based upon additional paid-in capital from a
shareholder in the amount of $6,909.

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 Registrant's operating results
and financial condition, inability to carry out marketing and sales plans and
loss of key executives, among other things.


                                       10
<PAGE>

PART II.          OTHER INFORMATION

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

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

                  Exhibit  99.1     Certification of Principal Executive
                                    Officer and Principal Financial Officer,
                                    dated October 29, 2002.

         (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



DATED: October 29, 2002              By: /s/ Alan Pavsner
                                         ---------------------------------------
                                           Alan Pavsner, President and Director
                                           (Principal Executive, Financial and
                                           Accounting Officer)



DATED: October 29, 2002              By: /s/ Mary Francis Pavsner
                                         ---------------------------------------
                                           Mary Francis Pavsner, Secretary


                                       12


<PAGE>


                            CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350
                             AS ADOPTED PURSUANT TO
                  SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

         In connection with the accompanying Quarterly Report of Global Teledata
Corporation (the "Registrant") on Form 10-QSB for the quarter ending September
30, 2002, as filed with the Securities and Exchange Commission on the date
hereof (the "Quarterly Report"), I, Alan Pavsner, Principal Executive Officer
and Principal Financial Officer of the Registrant, certify, pursuant to 18
U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002, to the best of my knowledge, that:

1.       I have reviewed this Quarterly Report;
2.       Based on my knowledge, this Quarterly Report does not contain any
         untrue statement of material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this Quarterly Report;
3.       Based on my knowledge, the financial statements, and other financial
         information included in this Quarterly Report, fairly present in all
         material respects the financial condition, results of operations and
         cash flows of the registrant as, and for the periods presented in this
         Quarterly Report;
4.       I am responsible for establishing and maintaining disclosure controls
         and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for
         the Registrant and have;
         a)       designed such disclosure controls and procedures to ensure
                  that material information relating to the Registrant,
                  including its consolidated subsidiaries, to the extent
                  applicable, is made known to me by others within those
                  entities, particularly during the period in which this
                  Quarterly Report is being prepared;
         b)       evaluated the effectiveness of the Registrant's disclosure
                  controls and procedures as of a date within 90 days prior to
                  the filing date of this Quarterly Report (the "Evaluation
                  Date"); and
         c)       presented in this Quarterly Report my conclusions about the
                  effectiveness of the disclosure controls and procedures based
                  on my evaluation as of the Evaluation Date;
5.       I have disclosed, based on my most recent evaluation, to the
         Registrant's auditors and the audit committee of Registrant's board of
         directors (or persons performing the equivalent functions):
         a)       all significant deficiencies in the design or operation of
                  internal controls which could adversely affect the
                  Registrant's ability to record, process, summarize and report
                  financial data and have identified for the Registrant's
                  auditors any material weaknesses in internal controls; and


<PAGE>

         b)       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  Registrant's internal controls; and
6.       I have indicated in this Quarterly Report whether or not there were
         significant changes in internal controls or in other factors that could
         significantly affect internal controls subsequent to the date of my
         most recent evaluation, including any corrective actions with regard to
         significant deficiencies and material weaknesses.


By:      /s/ Alan Pavsner
         --------------------------
         Alan Pavsner
         Principal Executive Officer and
         Principal Financial Officer
         October 29, 2002