UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB
(Mark One)

[X]      QUARTERLY  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

For the quarterly period ended    September 30, 2000
                               ----------------------------

[]       TRANSITION  REPORT  PURSUANT  TO SECTION 13 OR 15(d) OF THE  SECURITIES
         EXCHANGE ACT OF 1934

For the transition period from ________________ to _______________

Commission File No.     33-55254-25
                    ---------------

                            VisionGlobal Corporation
        (Exact name of Small Business Issuer as specified in its charter)

         NEVADA                                        87-0438636
-------------------------------     --------------------------------------
(State or other jurisdiction of     (I.R.S. Employer Identification Number)
incorporation or organization)

         251 Kearny, 8th Floor
         San Francisco, California              94108
----------------------------------------------------------
(Address of principal executive offices)     (Zip Code)


Issuer's telephone number, including area code     (415) 901-2700
                                               ----------------------

         Indicate  by 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 preceding 12 months (or for such shorter  period that the Issuer
was  required  to file such  reports),  and (2) has been  subject to such filing
requirements for the past 90 days. [X] Yes [ ] No

         Indicate  the  number of  shares  outstanding  of each of the  Issuer's
classes of common stock, as of the latest practicable date.

                  Class                     Outstanding as of September 30, 2000
------------------------------------        ------------------------------------
$.001 PAR VALUE CLASS A COMMON STOCK                 23,087,963 SHARES

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<PAGE>



                         PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements.

BASIS OF REPRESENTATION

General

         The accompanying  unaudited financial  statements have been prepared in
accordance with the instructions to Form 10-QSB and,  therefore,  do not include
all information and footnotes necessary for a complete presentation of financial
position,  results  of  operations,  cash  flows  and  stockholders'  equity  in
conformity  with generally  accepted  accounting  principles.  In the opinion of
management,  all adjustments considered necessary for a fair presentation of the
results of  operations  and  financial  position have been included and all such
adjustments  are of a normal  recurring  nature.  Operating  results for the six
months ended September 30, 2000, are not  necessarily  indicative of the results
that can be expected for the year ending December 31, 2000.


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<PAGE>



Income Statement- July 1, 2000 through September 30, 2000

<TABLE>
<CAPTION>
<S>                                                                                                                   <C>
Net Sales
                                                                                                                                  $0
Cost of Goods Sold
                                                                                                                                  $0


                                                                    Gross Profit
                                                                                                                                  $0


General and administrative expenses
                                                                                                                        ($2,459,915)
Depreciation expense
                                                                                                                          ($130,761)


                                                              NET LOSS
                                                                                                                        ($2,590,676)


Net income/(loss) per weighted average share
                                                                                                                             ($0.11)


Weighted average number of common shares

  used to compute net income (loss) per

  weighted average share
      23,087,963
</TABLE>
                                       3
<PAGE>


Balance Sheet- Period Ending September
30, 2000
<TABLE>
<CAPTION>

ASSETS

Current Assets
<S>                                                                                                                   <C>
  Cash in the bank
                                                                                                                              $1,124
  Note Subscription
                                                                                                                            $480,000
  Prepaid expenses
                                                                                                                             $98,065


                                                            Total Current Assets
                                                                                                                            $579,189


Property, Plant, and Equipment

  Equipment/Software/Furniture
                                                                                                                          $1,073,866
     Accumulated depreciation
                                                                                                                          ($211,716)


Other Assets

  Security deposits
                                                                                                                             $90,668


                                                            TOTAL ASSETS
                                                                                                                          $1,532,007


LIABILITIES

Current Liabilities

  Accounts payable
                                                                                                                            $529,614
  Accrued expenses
                                                                                                                             $56,000
  Current portion of long-term debt
                                                                                                                              $3,404
                                                       Total Current Liabilities
                                                                                                                            $589,018


Long-term Liabilities

  Long-term debt
                                                                                                                             $16,654


                                                         TOTAL LIABILITIES
                                                                                                                            $605,672


Stockholders' Equity (Deficit)

  Common stock $.001 par value

    Authorized - 100,000,000 shares

    Issued and outstanding 23,087,963 shares

      (22,034,250 in 1999)
                                                                                                                             $22,034
   Additional paid-in capital
                                                                                                                         $21,642,939
   Stock subscription
                                                                                                                          ($650,000)
   Unamortized stock compensation
                                                                                                                        ($2,651,176)
   Deficit accumulated during the
                                                                                                                       ($17,437,462)
     development stage


TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY
                                                                                                                          $1,532,007
</TABLE>


                                        4

<PAGE>



                                   SIGNATURES

         Pursuant to the  requirements  of the  Securities  and  Exchange Act of
1934,  the Issuer has duly  caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                           VisionGlobal Corporation



Dated:   November 28, 2000                  /s/ Martin Wotton
                                            ---------------------------
                                            Martin G. Wotton,
                                            President and Director


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