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, 2001
                                        -----------------------------------

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

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

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

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

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

                 18870 Still Lake Drive, Jupiter, Florida 33458
      ---------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (561) 741-0410
                          -----------------------------
                           (Issuer's telephone number)

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

         Check mark whether the Issuer (1) has filed all reports required to be
filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the
past 12 months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days. Yes [X] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

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




<PAGE>



                           GLOBAL TELEDATA CORPORATION

                                      INDEX


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

Item 1.           Financial Statements.

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

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

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

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

                  Notes to Consolidated Financial Statements.

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

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

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



                                        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,
2001 are not necessarily indicative of the results that may be expected for the
year ending December 31, 2001. For further information, refer to the
consolidated financial statements and footnotes for the year ended December 31,
2000 found in the Company's Form 10-KSB.

                                       3
<PAGE>



                           GLOBAL TELEDATA CORPORATION
                          (A Development Stage Company)
                                 Balance Sheets
<TABLE>
<CAPTION>


                                                      ASSETS
                                                      ------

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

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

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

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


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

CURRENT LIABILITIES

   Accounts payable                                                      $           2,094     $           1,284
                                                                         -----------------     -----------------

     Total Liabilities                                                               2,094                 1,284
                                                                         -----------------     -----------------

STOCKHOLDERS' EQUITY (DEFICIT)

   Common stock; authorized 25,000,000 common shares
    at $0.001 par value; 9,975,354 and 9,975,354 shares
    issued and outstanding, respectively                                             9,975                 9,975
   Additional paid-in capital                                                       45,056                30,180
   Deficit accumulated during development stage                                    (57,125)              (41,439)
                                                                         -----------------     -----------------

     Total Stockholders' Equity (Deficit)                                           (2,094)               (1,284)
                                                                         -----------------     -----------------

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

   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
                                                    For the                               For the                Inception on
                                               Six Months Ended                      Three Months Ended          May 15, 1995
                                                   June 30,                               June 30,                  Through
                                     ------------------------------------------------------------------------       June 30,
                                          2001               2000                 2001             2000              2001
                                     ----------------  -------------------  ----------------  ---------------  ----------------

<S>                                  <C>               <C>                  <C>               <C>              <C>
REVENUES                             $         -       $            -       $         -       $        -       $         -
                                     ----------------  -------------------  ----------------  ---------------  ----------------

EXPENSES                                      (15,686)              (4,986)           (9,653)          (1,744)          (57,125)
                                     ----------------  -------------------  ----------------  ---------------  ----------------

NET LOSS                             $        (15,686) $            (4,986) $         (9,653) $        (1,744) $        (57,125)
                                     ================  ===================  ================  ===============  ================

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

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

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

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

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

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

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

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

Expenses paid by shareholder
 on behalf of the Company (unaudited)                  -                -                 14,876            -

Net loss for the six months
 ended June 30, 2001 (unaudited)                       -                -                 -                (15,686)
                                             ----------------  ---------------   ---------------  ----------------

Balance, June 30, 2001 (unaudited)                  9,975,354  $         9,975   $        45,056  $        (57,125)
                                             ================  ===============   ===============  ================
</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
                                                                                                   Inception on
                                                                   Six Months Ended                May 15, 1995
                                                                       June 30,                       Through
                                                        -------------------------------------         June 30,
                                                              2001               2000                   2001
                                                        ------------------  ------------------  ------------------
<S>                                                     <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES

   Net loss                                             $          (15,686) $           (4,986) $          (57,125)
   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                           810              (2,266)              2,094
                                                        ------------------  ------------------  ------------------

       Net Cash Used by Operating Activities                       (14,876)             (7,252)            (40,531)
                                                        ------------------  ------------------  ------------------

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

CASH FLOWS FROM FINANCING ACTIVITIES

   Expenses paid by shareholder                                     14,876               7,252              38,556
   Issuance of common stock                                         -                   -                    1,975
                                                        ------------------  ------------------  ------------------

       Net Cash Provided by Financing Activities                    14,876               7,252              40,531
                                                        ------------------  ------------------  ------------------

NET INCREASE (DECREASE) IN CASH                                     -                   -                   -

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

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

CASH PAID DURING THE YEAR FOR:

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

NON-CASH FINANCING ACTIVITIES

   Common stock issued for stock                        $           -       $           -       $           14,500

</TABLE>

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

                                       8
<PAGE>



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


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.

              c.  Basic Loss Per Share
<TABLE>
<CAPTION>

                                            For the Six Months Ended
                                                  June 30, 2001
                          -------------------------------------------------------------
                                Loss                Shares                Per Share
                             (Numerator)          (Denominator)             Amount
                          ------------------    -----------------     -----------------

<S>                       <C>                           <C>           <C>
                          $          (15,686)           9,975,354     $           (0.00)
<CAPTION>

                                            For the Six Months Ended
                                                  June 30, 2000
                          -------------------------------------------------------------

                                Loss                Shares                Per Share
                             (Numerator)          (Denominator)             Amount
                          ------------------    -----------------     -----------------

<S>                       <C>                           <C>           <C>
                          $           (4,986)           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, 2000, the Company had net operating loss
              carryforwards of approximately $41,000 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
                       June 30, 2001 and December 31, 2000


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.

              h.  Unaudited Financial Statements

              The accompanying unaudited financial statements include all of the
              adjustments which, in the opinion of management, are necessary for
              a fair presentation. Such adjustments are of a normal recurring
              nature.

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
                       June 30, 2001 and December 31, 2000


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

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



                                       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.

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

         Six Months ended June 30, 2001 compared to six months ended June 30,
2000, and for the three months ended June 30, 2001 compared to the three months
ended June 30, 2000.

Revenues
--------

         The Company currently has no established source of revenues. The
revenues for the six months ended June 30, 2001, the six months ended June 30,
2000, the three months ended March 31, 2001, and the three months ended March
31, 2000 were $0.00.

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

         General and administrative expenses for the six months ended June 30,
2001 were $15,686 as compared to $4,986 for the six months ended June 30, 2000,
representing an increase of $10,700; and for the three months ended June 30,
2001 were $9,653 as compared to $1,744 for the three months ended June 30, 2000,
representing an increase of $7,909. The increases in general and administrative
expenses were 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 six months ended June 30,
2001 was $15,686 as compared to the net loss of $4,986 for the six months ended
June 30, 2000, representing an increase of $10,700; the net loss for the three
months ended June 30, 2001 was $9,653 as compared to the net loss of $1,744 for
the three months ended June 30, 2000, representing an increase of $7,909.




                                       13
<PAGE>



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

         To fund working capital requirements through June 30, 2001, the Company
utilized cash reserves based upon additional paid-in capital from a shareholder
in the amount of $14,867.

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.


                                       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: August 10, 2001

                                       15