<PAGE>


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

                                   FORM 10-QSB



[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
    1934 for the quarterly period ended March 31, 2001.

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
    OF 1934 for the transition period from _______ to _________.

                         Commission File No. 33-55254-39

                           SKYNET TELEMATICS.COM, INC.
        (Exact name of Small Business Issuer as specified in its charter)


                 NEVADA                                    87-0485315
    -------------------------------                    ----------------
    (State or other jurisdiction of                    (I.R.S. Employer
     incorporation or organization)                   Identification No.)

Link House, 259 City Road
London, England EC1V 1JE
------------------------
(Address of principal executive offices)

Issuer's telephone number, including area code: 44 207 490 7900

Check whether the issuer: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act 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
                                       ---       ---

The number of shares outstanding of the issuer's common stock, $.001 par value
per share, as of April 24, 2001, was 33,397,035 shares.

Transitional Small Business Disclosure Format (check one):  Yes        No  X
                                                                ---       ---


<PAGE>



                           SKYNET TELEMATICS.COM, INC.

                          FORM 10-QSB FOR QUARTER ENDED
                                 MARCH 31, 2001

                                      INDEX

PART I - FINANCIAL INFORMATION                                           Page

         Item 1   Financial Statements

         Balance Sheet as of March 31, 2001                                  3

         Statement of Operations for the three month ended
                  March 31, 2001 and 2000                                    4

         Statement of Cash Flows for the three month ended
                  March 31, 2001 and 2000                                    5

         Notes to Financial Statements                                       6

         Item 2   Management's Discussion and Analysis                       7

PART II - OTHER INFORMATION

         Item 1   Legal Proceedings                                         12

         Item 2   Changes in Securities                                     12

         Item 3   Defaults Upon Senior Securities                           12

         Item 4   Submission of Matters to a Vote of Security Holders       12

         Item 5   Other Information                                         12

         Item 6   Exhibits and Reports on Form 8-K                          12





                                       -2-

<PAGE>





PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS (UNAUDITED)



                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEET
                                 MARCH 31, 2001




<TABLE>
<S>                                                                            <C>
         ASSETS
CURRENT ASSETS
Cash in bank                                                                    $    13,888
Accounts receivable                                                                 151,596
Inventory                                                                           226,054
Prepaid expenses                                                                    279,113
                                                                                -----------

         TOTAL CURRENT ASSETS                                                       670,651

Furniture and equipment                                                             372,582
Software and intellectual property rights                                         2,701,859
                                                                                -----------

         TOTAL ASSETS                                                           $ 3,745,092
                                                                                ===========

         LIABILITIES & SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Bank overdraft                                                                  $    60,024
Accounts payable and accrued expenses                                             2,509,034
Capitalized lease obligations                                                        24,945
Note payable                                                                         38,933
                                                                                -----------

         TOTAL CURRENT LIABILITIES                                                2,632,936

Loan payables                                                                        33,453
                                                                                -----------

         TOTAL LIABILITIES                                                        2,666,389
                                                                                -----------

STOCKHOLDERS' EQUITY
Preferred stock - $.001 par value; authorized: 20,000,000 shares;
    issued and outstanding: none
Common stock -  $.001 par value; authorized: 75,000,000 shares;
    issued and outstanding: 32,947,674 shares                                        32,948
Additional paid-in capital                                                       16,789,325
Deficit                                                                         (15,747,103)
Accumulated other comprehensive income                                                3,533
                                                                                -----------
         TOTAL STOCKHOLDERS' EQUITY                                               1,078,703
                                                                                -----------

         TOTAL LIABILITIES AND
              SHAREHOLDERS' EQUITY                                              $ 3,745,092
                                                                                ===========

</TABLE>



                 See notes to consolidated financial statements

                                       -3-


<PAGE>


                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME
                            AND COMPREHENSIVE INCOME


<TABLE>
<CAPTION>
                                                                 For the three months
                                                                   ended March 31,
                                                            2001                       2000
                                                        ------------              -------------

<S>                                                    <C>                       <C>
Sales                                                   $     89,047              $     280,562
Cost of sales                                          (     207,136)            (      473,365)
                                                        ------------              -------------

         GROSS LOSS                                    (     118,089)            (      192,803)

Depreciation and amortization                          (     428,874)            (      469,774)
Research and development                               (      39,641)            (       73,263)
General and administrative expenses                    (     732,014)            (      643,521)
Interest expense - net                                 (       3,536)            (       11,951)
Settlement of liabilities                                     50,787             (       93,635)
                                                       --------------             -------------

         NET LOSS                                      (   1,271,367)            (    1,484,947)

Foreign currency translation adjustments               (      59,278)                     8,832
                                                       -------------              -------------

         TOTAL COMPREHENSIVE LOSS                      ($  1,330,645)            ($   1,476,115)
                                                       =============              =============

Basic net loss per common share                        ($        .04)            ($         .06)
                                                       =============              =============

Weighted average number of common shares                  31,354,547                 25,611,900
                                                       =============              =============
</TABLE>


                 See notes to consolidated financial statements

                                       -4-


<PAGE>


                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                      CONSOLIDATED STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>
                                                                    For the three months,
                                                                        Ended March 31,
                                                                 2001                      2000
                                                             -----------                -----------
<S>                                                          <C>                        <C>
OPERATING ACTIVITIES
Net loss                                                     ($1,271,367)               ($1,484,947)
Adjustments to reconcile net loss to cash
   used in operating  activities
      Depreciation and amortization                              426,618                    469,774
      Settlement of liabilities                              (    50,787)                    93,635
      Stock issued for expenses                                   15,500                     93,378
      Other                                                        4,336                      3,993
      Changes in assets and liabilities:
         Accounts receivable                                 (    18,368)                    23,628
         Inventory                                                23,049                (   232,239)
         Prepaid expenses                                         39,196                (   508,108)
         Deferred expenses                                             -                (    51,126)
         Accounts payable and accrued expenses                   110,017                (    11,454)
                                                             -----------                -----------

     NET CASH USED IN OPERATING ACTIVITIES                   (   721,806)               ( 1,603,466)
                                                             -----------                -----------

INVESTING ACTIVITIES
     Proceeds from sale of fixed assets                            7,450                          -
     Purchases of fixed assets                               (     4,963)               (    28,063)
                                                             -----------                -----------

     NET CASH PROVIDED BY INVESTING ACTIVITIES                     2,487                (    28,063)
                                                             -----------                -----------

FINANCING ACTIVITIES
   Proceeds from sales of common stock                           428,489                  2,351,342
   Increase in bank overdraft                                     60,024                     14,711
   Payments of note payable                                  (     5,244)               (    39,970)
   Payment of capitalized lease obligations                  (    20,980)               (    22,408)
                                                             -----------                -----------

     NET CASH PROVIDED BY
         FINANCING ACTIVITIES                                    462,289                  2,303,675
                                                             -----------                -----------

 EFFECT OF FOREIGN CURRENCY ADJUSTMENTS                           69,722                      8,832
                                                             -----------                -----------

     DECREASE IN CASH                                        (   187,308)                   680,978

CASH - beginning of Year                                         201,196                          0
                                                             -----------                -----------

CASH - end of Period                                         $    13,888                $   680,978
                                                             ===========                ===========
</TABLE>


                 See notes to consolidated financial statements

                                       -5-

<PAGE>


                  SKYNET TELEMATICS.COM, INC. AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

1.       NATURE OF OPERATIONS

Skynet Telematics.com, Inc. and Subsidiaries (Company) develop, market, license,
and monitor tracking and anti-theft systems for automobiles and trucks.

2.       BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared
in accordance with generally accepted accounting principles for interim
financial information and with the instructions to Form 10-QSB and Article 10 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by annual financial statements. In the opinion of management,
all adjustments (consisting of normal recurring accruals) considered necessary
for a fair presentation of the financial statements have been included.

These unaudited consolidated financial statements should be read in conjunction
with the audited consolidated financial statements and footnotes thereto,
included in Form 10-KSB of Skynet Telematics.com Inc. and Subsidiaries, as of
and for the year ended December 31, 2000, as filed with the Securities and
Exchange Commission. The results of operations for the three months ended March
31, 2001 are not necessarily indicative of the results to be expected for the
full year.

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 disclosures of
contingent assets and liabilities at the date of the consolidated financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.

3.       NET LOSS PER SHARE

Basic net loss per share was computed based upon the weighted average number of
common shares outstanding during the year. Dilutive net loss per common share
has not been presented because it was anti-dilutive.


                                       -6-


<PAGE>



ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS

OVERVIEW

The business of the Company and its subsidiaries is the development, marketing,
and distribution of integrated modular automotive telematic systems, with
extensive range of sensors and providing of monitoring services to users of
those products. Through its subsidiary, Skynet Telmatics, Ltd., the Company
distributes its own proprietary products and products developed and manufactured
by third parties, generally ComROAD AG (ComROAD) in a number of countries around
the world. Skynet entered into a written distribution agreement with ComROAD in
March 1999. Skynet develops its own software and hardware solutions to provide
for customer specific requirements. These development projects are either
patented or are registered as intellectual property and add significant value to
the project. Automotive telematic systems combine the technology for mobile
phones (GSM), global positioning satellite systems (GPS) and the Internet, to
enable customers to identify the exact location and status information about
automotive vehicles and to receive a variety of information through
communication with the monitoring station. These devices can be used by
businesses to manage fleets of vehicles of various kinds and by individuals for
their automobiles for security purposes, emergencies and access to information
available from the monitoring station. These devices are available with in-car
vehicle computers operating with Windows CE that provide the user with an array
of usage options as are found on a personal digital assistant (PDA), including
internet connections and e-mail capabilities.

Sales of Telematic equipment in the UK are still difficult to achieve, often
with long lead times between demonstration and fit of unit. Sales are improving
on a month-by-month basis, but Skynet needs to recapitalise to achieve
substantial orders.

Skynet Directors are in discussion with a number of Financial Institutions and
high net worth Investors with a view to raise $5 million within the next three
months.

Skynet has reached an agreement with a "Close Personal Protection Security"
(CPPS) Company to provide direct, interactive in-vehicle security to high
profile individuals and groups on a World-wide basis. Skynet believe that this
market offers excellent opportunities for high value contracts. Skynet expects
to fit 1,000 CPPS systems during 2001.

                                       -7-


<PAGE>


RESULTS OF OPERATIONS

                        CONSOLIDATED RESULT OF OPERATIONS




<TABLE>
<CAPTION>

                                         Three months ended
                                               March 31,
                                        2001             2000            CHANGE             %
                                        ----             ----            ------             -

<S>                                <C>             <C>             <C>                <C>
NET SALES                              89,047          280,562         (191,515)          (68%)

COST OF SALES                        (207,136)        (473,365)         266,229           (56%)

GROSS LOSS                           (118,089)        (192,803)          74,714           (39%)

DEPRECIATION AND AMORTIZATION        (428,874)        (469,774)          40,900            (9%)

RESEARCH AND DEVELOPMENT              (39,641)         (73,263)          33,622           (46%)

GENERAL AND ADMINISTRATIVE           (732,014)        (643,521)         (88,493)           14%

INTEREST EXPENSE-NET                   (3,536)         (11,951)           8,415           (70%)

SETTLEMENT OF LIABILITIES              50,787          (93,635)         144,422          (154%)

TOTAL EXPENSES                     (1,153,278)      (1,292,144)         138,866           (11%)

NET LOSS                           (1,271,367)      (1,484,947)         213,580           (14%)

</TABLE>



The above table represents an analysis of the increases and decreases of the
components of consolidated results of operations as derived from the Company's
consolidated statement of operations for the three months ended March 31, 2001
and 2000. In general, 2001 is not comparable to 2000 because the Company has
been in an early growth stage of organizing and acquiring subsidiaries and joint
ventures. Only recently has the Company begun a greater effort to market the
Company's products.

                                       -8-


<PAGE>


Cost of Sales

Although cost of sales has decreased in 2001, the gross profit percentage is not
indicative of what it will be at higher sales levels. Purchases and salaries are
the largest components of cost of sales.

Depreciation and Amortization

Depreciation and amortization has decreased in 2001 primarily due to a fall in
capital expenditure as the Company had a reduced requirement for additional
fixed assets.

Research and Development

Research and development has decreased and is now expected to remain fairly
constant as cutting edge technological solutions are designed to meet specific
customer requirements. Telematics systems require software and hardware
development to ensure full customer utilization and demand. In the same way that
computers will not function without software, Telematics requires software,
hardware, sensors, looms and monitoring service center development.

General and Administrative Expenses

General and administrative expenses increased in 2001 due to an increase in
marketing effort. The Company has a program to keep general and administrative
expenses as low as possible. Salaries, professional fees and marketing are the
most significant components of general and administrative.

Interest Expense

Interest expense decreased in 2001 as the Company repaid certain financings.

Settlements of Liabilities

Settlements of liabilities in 2001 include continued settlements with certain of
the Shareholders of SSCC.

Net Loss

Consolidated net loss has decreased due to the nature of the Company's plan of
operations. The Company anticipates reaching profitability by the end of 2001.

                                      -9-


<PAGE>

FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES

During the three months ended March 31, 2001, the Company raised $428,489, net
of expenses, as compared to $2,351,342 during the first quarter of 2000, from
private sales of shares of its common stock, which have been the Company's
primary source of the Company's funding of operations for the Company and its
subsidiaries. The Company does not have any significant capital commitments;
however, it is committed to maintain the infrastructure it has developed, the
expenses of which consist primarily of wages and salaries of Skynet personnel.
For the three months ended March 31, 2001, the Company's operating activities
used cash of $721,806 as compared to $1,603,466 in 2000.

The Company believes it has built an infrastructure sufficient to support a
substantial increase in the size of the operations of the Company and its
subsidiaries over the next few years and intends to focus its efforts on revenue
growth. Skynet intends to substantially increase its marketing and distribution
efforts over the next year, and will focus its marketing efforts primarily on
the distribution of the ComROAD Skamp range of products. Such activities will
require additional funds either in the form of additional capital or financing
to permit Skynet to purchase the products from ComROAD that it in turn sells to
others. There can be no assurance that the Company and its subsidiaries will be
able to obtain the capital or financing they need to implement their growth
strategy.

At the present time, the Company's consolidated revenues cannot support the
expenses of the operations of the Company and its subsidiaries. The Company
intends to raise additional capital to fund such operations until its
consolidated revenues are sufficient to support all of the costs and expenses of
its operations. The Company will remain dependent upon infusions of capital from
investors and/or loans from its shareholders until such time. There can be no
assurance that the Company can continue to raise capital from the sale of its
securities.

Seasonality

The Company does not deem its sales to be seasonal and any effect would be
immaterial.

FORWARD LOOKING INFORMATION

This Form 10-QSB contains forward looking statements regarding the Company's
business strategy and future plans of operation. Forward looking statements
involve known and unknown risks and uncertainties. These and other important
factors, including those mentioned in various filings with the Securities and
Exchange Commission made periodically by the Company and in various press
releases of the Company, may cause the actual results and performance to differ
materially from the future results expressed in or implied by such forward
looking statements. The forward looking statements contained herein are only as
of the date hereof and the Company disclaims any obligation to provide public
updates, revisions or amendments to any forward looking statements made herein
to reflect changes in the Company's expectations or future events.

                                      -10-


<PAGE>



                                PART II

                                Other Information

Item 1.  Legal proceedings:  None

Item 2.  Changes in Securities:

During the first quarter of 2001, the Company sold 1,685,898 shares of common
stock at prices between $0.17 and $2.40, per share, for aggregate proceeds of
$428,489, net of commissions of $93,341. These shares were sold to a total of 95
non U.S. persons, pursuant to Regulation S under the Securities Act of 1933.

During the first quarter of 2001, the Company issued 7,500 shares of common
stock at prices between $0.33 and $0.50, per share, in payment of expenses of
$3,500, to a total of 4 non U.S. persons.

In January 2001, the Company issued 1,027,272 shares of common stock at $0.31,
per share, in settlement of liabilities and interest of $365,444, to a total of
14 non U.S. persons.

During the first quarter of 2001, the Company issued 30,000 shares of common
stock at $0.50, per share, in payment of expenses totaling $15,000. These shares
were sold pursuant to the exemption from registration requirements under the
Securities Act of 1933, Section 4(2) thereof.

In January 2001, the Company issued 83,000 shares of common stock at $0.31, per
share, in settlement of liabilities and interest of $29,527. These shares were
sold pursuant to the exemption from registration requirements under the
Securities Act of 1933, Section 4(2) thereof.

No commissions were incurred on these four issuances of shares.


Item 3.  Defaults Upon Senior Securities:  None

Item 4.  Submission of Matters to a Vote of Security Holders:  None

Item 5.  Other Information:  None

Item 6.  Exhibits and Reports on Form 8-K

(a)     Exhibit 15 - Letter on unaudited financial information

(b)     Reports on Form 8-K:  None


                                      -11-

<PAGE>


                                   SIGNATURES

         In accordance with the requirements of the Securities and Exchange Act,
the registrant caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.



                                                Skynet Telematics.com, Inc.


Dated:   June 22, 2001                           By: /s/ Tomas George Wilmot
                                                ------------------------------
                                                Tomas George Wilmot, President









                                      -12-