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        June 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 June 30, 2002.



<PAGE>



                           GLOBAL TELEDATA CORPORATION

                                      INDEX


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

Item 1.           Financial Statements.

                  Unaudited Condensed Balance Sheets as of June 30, 2002
                  (unaudited) and December 31, 2001.

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

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

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

                  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.

                                       2
<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 six month period ended June 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
Company's Form 10-KSB.



                                       3
<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                                 Balance Sheets



                                     ASSETS
                                     ------

                                                           June 30, December 31,
                                                             2002       2001
                                                           --------   --------
                                                         (Unaudited)
CURRENT ASSETS

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

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

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


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

CURRENT LIABILITIES

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

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

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                                57,686      52,475
   Deficit accumulated during development stage             (67,661)    (62,450)
                                                           --------    --------

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

     TOTAL LIABILITIES AND STOCKHOLDERS'
      EQUITY (DEFICIT)                                     $     --    $     --
                                                           ========    ========


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


                                       4
<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                            Statements of Operations
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                                                From
                                                                                                             Inception on
                                         For the                                 For the                        May 15,
                                    Three Months Ended                       Six Months Ended                1995 through
                                         June 30,                                 June 30,                      June 30,
                              -------------------------------         -------------------------------        -----------
                                  2002                2001                2002                2001                2002
                              -----------         -----------         -----------         -----------         -----------
<S>                           <C>                 <C>                 <C>                 <C>                 <C>
REVENUES                      $        --         $        --         $        --         $        --         $        --
                              -----------         -----------         -----------         -----------         -----------

EXPENSES                           (1,783)             (9,653)             (5,211)            (15,686)            (67,661)
                              -----------         -----------         -----------         -----------         -----------

NET LOSS                      $    (1,783)        $    (9,653)        $    (5,211)        $   (15,686)        $   (67,661)
                              ===========         ===========         ===========         ===========         ===========

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.


                                       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>


   The accompanying notes are an integral part of these 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                   --                 --             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)                                --                 --              5,211                 --

Net loss for the six months ended
   June 30, 2002 (unaudited)                  --                 --                 --             (5,211)
                                       ---------          ---------          ---------          ---------

Balance, June 30, 2002 (unaudited)     9,975,354          $   9,975          $  57,686          $ (67,661)
                                       =========          =========          =========          =========
</TABLE>

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


                                       7
<PAGE>

                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                            Statements of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                              From
                                                              For The                     Inception on
                                                          Six Months Ended                May 15, 1995
                                                              June 30,                       Through
                                                   -----------------------------             June 30,
                                                     2002                  2001                2002
                                                   --------             --------             --------
<S>                                                <C>                  <C>                  <C>
CASH FLOWS FROM OPERATING
ACTIVITIES

   Net loss                                        $ (5,211)            $(15,686)            $(67,661)
   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             --                  810                   --
                                                   --------             --------             --------

       Net Cash Used by Operating Activities         (5,211)             (14,876)             (53,161)
                                                   --------             --------             --------

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

CASH FLOWS FROM FINANCING
ACTIVITIES

   Expenses paid by shareholder                       5,211               14,876               51,186
   Issuance of common stock                              --                   --                1,975
                                                   --------             --------             --------

       Net Cash Provided by Financing
       Activities                                     5,211               14,876               53,161
                                                   --------             --------             --------

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.


                                       8
<PAGE>


                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                        Notes to the Financial Statements
                       June 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 six months
              ended June 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
              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.


                                       9
<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 June 30,
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.



                                       10
<PAGE>


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

         Six Months ended June 30, 2002 compared to six months ended June 30,
2001, and for the three months ended June 30, 2002 compared to the three months
ended June 30, 2001.

Revenues
--------

         The Company currently has no established source of revenues. The
revenues for the three and six months ended June 30, 2002, and for the three and
six months ended June 30, 2001 were $0.00.

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

         General and administrative expenses for the six months ended June 30,
2002 were $5,211 as compared to $15,686 for the six months ended June 30, 2001,
representing a decrease of $10,475; and for the three months ended June 30, 2002
were $1,783 as compared to $9,653 for the three months ended June 30, 2001,
representing a decrease of $7,870. 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 six months ended June 30,
2002 was $5,211 as compared to the net loss of $15,686 for the six months ended
June 30, 2001, representing a decrease of $10,475; the net loss for the three
months ended June 30, 2002 was $1,783 as compared to the net loss of $9,653 for
the three months ended June 30, 2001, representing a decrease of $7,870.

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

         To fund working capital requirements through June 30, 2002, the Company
utilized cash reserves based upon additional paid-in capital from a shareholder
in the amount of $5,211.


                                       11
<PAGE>

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.


                                       12
<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: July 16, 2002


                                       13