SECURITIES AND EXCHANGE COMMISSION
                    Washington, DC 20549

                         FORM 10-KSB
  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                    EXCHANGE ACT OF 1934

For the year ended December 31, 2000
Commission File No. 000-29983





              GLOBAL INDUSTRIAL SERVICES, INC.
   (Exact name of registrant as specified in its charter)




Nevada                                            98-0203485
(State of organization) (I.R.S. Employer Identification No.)

14th Floor, 609 Granville Street, Vancouver, B.C. Canada V6Y
1G5
(Address of principal executive offices)

Registrant's telephone number, including area code (604) 683-
8358

Securities registered under Section 12(g) of the Exchange
                                   Act: Common stock, $0.001
                                   par value per share

Check whether the issuer (1) filed all reports required to
be file by Section 13 or 15(d) of the Exchange Act during
the past 12 months and (2) has been subject to such filing
requirements for the past 90 days.  Yes X

Check if there is no disclosure of delinquent filers in
response to Item 405 of Regulation S-B not contained in this
form, and no disclosure will be contained, to the best of
registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this
Form 10-KSB or any amendments to this Form 10-KSB.     [ X ]

Issuer's Revenue during the year ended December 31, 2000:
$ 5,419,239

As of April 16, 2001, the registrant had 9,696,013 shares of
its  common stock, $0.001 par value, outstanding.  Aggregate
market value of the voting and non-voting common equity held
by  non-affiliates based on the price of N/A per share  (the
selling  or  average bid and asked price) as  of  April  16,
2001: 3,005,764.03

            DOCUMENTS INCORPORATED BY REFERENCE:

None

                             PART I

ITEM 1.   DESCRIPTION OF BUSINESS

Business

     GBSV was incorporated for the purpose of acquiring companies
engaged in a wide variety of industrial services.  These services
include:

*    Engineering and technical design
*    Build-operate-transfer (BOT); build-own-operate (BOO)
*    Drilling services and equipment
*    Industrial equipment manufacturing
*    Construction
*    Mining and mining services
*    Cogeneration, power and water

     To  ensure success, the Company provides a highly respected,
amply   experienced  and  accomplished  management   team.    Key
individuals  are  in place.  Others with suitable  qualifications
and background are under consideration.

     It  is the Company's intention to augment management with an
advisory   board  made  up  of  experienced  professionals   from
appropriate  disciplines within various industrial sectors.   The
Company  also  intends  to incorporate a business-to-business  e-
commerce component as a service to maximize economy of operations
and improve efficiencies within its own network of divisions, and
to garner ultimate customer satisfaction.

     The  Company  is  positioning a corporate infrastructure  to
utilize  the  best of talents available for the immediate  growth
and profitability of all business acquisitions and opportunities.
The synergy of complimentary products and services, as researched
and  acquired by the Company, is the foundation for success.  The
whole is greater than the sum of its parts.

       On  March  30,  2000,  Global  Industrial  Services  Inc.,
registered  under  the laws of the State of Nevada,  changed  its
name  and  trading symbol from Charger Ventures  Inc.  (OTC  Pink
Sheets: CHGV).  The Company will be listed on the NASDAQ Bulletin
Board with the symbol "GBSV".  After the acquisition of the  four
companies  as  listed  in  Service /  Product  Offerings,  it  is
estimated  that the Company will have approximately  7.8  million
shares  issued  and  outstanding,  of  which,  approximately  3.7
million shares will be free-trading.  A further 2 million  shares
will  be  issued  as  a  result  of  a  proposed  $5  million(US)
financing.   (The  share  numbers  discussed  herein   are   only
projections and will change as negotiations continue prior to the
proposed consolidation.)

     The Company currently is headquartered in Vancouver, British
Columbia.  The Vancouver location provides a tradition of support
for  the consulting engineering service business, allows for ease
of access to all global target markets, and benefits from a well-
established venture capital base.

      Current  and future directors, senior management and  other
advisors  with  their  extensive  experience  in  the  industrial
services  industry,  and  expertise in  financial  markets,  will
ensure that the Company has immediate credibility and clout in  a
very large and lucrative business arena!

      Consolidation  targets  are small to  medium-sized  private
companies  that provide the synergy to support other branches  or
divisions   of   GBSV   via  their  products   and/or   services.
Duplication  will be avoided except where the joining  of  forces
enhances  operations  or profitability.  The  acquired  companies
will  benefit  from more rapid growth, a sustainable  competitive
advantage,  and optimized use of resources such as materials  and
personnel.   GBSV  is  poised to add  value  to  all  acquisition
partners by providing coordinated:
*    Marketing strategies and market positioning
*    Systems and operations strategies
*    Financial strategies and services

     The  Company  intends  to  improve the  business  focus  and
implementation  capabilities of all  other  partners  within  the
successful family of GBSV market-driven companies.
      The  industrial services sector is a labyrinth  of  product
manufacturers,  equipment  dealers and suppliers,  technical  and
engineering consulting and design services, and a huge  array  of
skilled  labor  sub-contracting firms.  The project  manager  and
quantity surveyor for major industrial applications must  contend
with  this  maze  of services to research suitable  providers  at
reasonable cost estimates.  It is a daunting task!

      GBSV  has recognized the complexity of the marketplace  and
offers  a simple solution  consolidation.  This has long  been  a
formula  for  success.  Natural growth and expansion within  many
large  industrial corporations has allowed these giants to secure
major    international   contracts   because   they   have    the
diversification in-house.  They have the infrastructure in  place
they  are  cost effective and competitive.  GBSV is  launching  a
campaign of acquisitions to achieve the same status.

                         MARKET ANALYSIS
      The  industrial product and service providers are abundant.
Project  managers, whether from corporate or government  sectors,
must  wade  through  numerous supply and contracting  options  to
procure  the  right  mix  of quality and  economy.   Often,  this
research  is  time consuming and costly in and  of  itself.   The
following  quote  from an experienced industrial project  manager
explains a part of the procurement dilemma.
      The  business  of industry is a mammoth proportion  of  the
global   economy.   It  includes  the  manufacture  of  vehicles,
aircraft,  trains,  boats,  and every other  imaginable  mode  of
transportation; it includes the manufacture of equipment used  to
generate    power,   to   build   and   maintain   our   pavement
infrastructures,  to dry-clean our clothes, to outfit  our  homes
with  time-saving  amenities;  it  includes  the  management   of
forests, lakes, rivers, dams, and all other ecological situations
where  man and nature meet; it includes the finding and gathering
of precious earth resources such as metals, minerals and gems; it
includes  technologies that affect every aspect of life from  air
quality  to  footwear.  Capturing one small piece of  the  global
marketplace   for   firms   with  sound  management,   sufficient
capitalization,  and  proactive  strategies  will  be  enormously
profitable.
                          MARKET TRENDS
       The   industrial  services  industry  has  been   severely
challenged  in  recent years by robotic automation,  the  digital
explosion  which  includes the advent  of  the  Internet  and  e-
commerce,  rising  costs of resource materials, increasing  labor
rates,  and  environmental issues, to name a  few.   During  this
period  of  escalating  change, the consumer  has  developed  new
expectations as well.  We demand service  we want the product  to
be  the  best   and  we  want  it now!  This  attitude  permeates
cultures,  governments,  businesses,  academia,  and  society  at
large.

      Cost-containment,  always an important factor  in  business
management, is more crucial now than ever.  Small companies  must
compete with larger ones, who compete with still larger ones  all
because the information "super highway" is linking customers with
product  and  service providers way beyond geographic boundaries.
In  today's world, competitiveness declines for those who do  not
have  a `cyberspace' presence  and, unless the business niche  is
ultimately exclusive, the small to medium-sized company has  very
difficult competition.
       Technological  advances  pose  considerable  problems  for
smaller  operations  as  well.   Technology,  with  its  inherent
exponential growth, leaves a great many businesses behind.  Those
who  survive  and thrive in this accelerated business  world  are
those who likely have proprietary rites, who are passionate about
their  endeavors, who are committed to quality service,  and  who
have the ability to market themselves effectively.
     Global Industrial Services Inc. will be a one-stop solutions
provider.   Many  types of services will be  offered  within  one
corporate  infrastructure.  This creates a value proposition  for
clients  and customers who would otherwise wander in a  world  of
over-specialization  and fragmentation  the labyrinth  spoken  of
earlier.   GBSV  management will develop strategic mechanisms  to
streamline  operations of the acquired group  of  companies  thus
reducing   costs  and  increasing  revenues.   Worldwide   market
penetration will be achieved through well-orchestrated  marketing
and   promotional  campaigns  and  proactive  use   of   Internet
opportunities.  GBSV will generate interrelated business projects
to  involve  several acquired partner companies  at  once.   This
formula   for   success  results  in  the  following  competitive
advantages:
*    Lower production and operational costs
*    Greater savings for customers
*    Simplification of project management
*    Better quality control and quality assurance
*    Faster provision of products and/or services

                          SUBSIDIARIES
Stothert Group Inc. (Incorporated in Vancouver, British Columbia)

      The  Stothert Group provides general industrial engineering
and management services for the global marketplace.  A few sample
projects indicated below demonstrate the diversity of the company
and highlight its capabilities:
*     Design  of shielded module structures for northern  warning
  systems
*    Risk insurance surveys of coastal fish farms for Lloyd's of
London
*    Comprehensive pulp and paper mill operations management from
  Canada to Tanzania
*    Cement industry in the Philippines, tea plantations in
Uganda, ski resorts in Western Canada, and cogeneration plants in
California
*    Environmental impact assessment, ecosystem improvement
planning, land reclamation, and watershed and reservoir
development

     In  addition  to  worldwide recognition of Stothert  Group's
success  as  an  industrial service provider, GBSV benefits  from
this  acquisition in other significant ways.  The Stothert  Group
has  well-established  credibility with  international  financial
institutions such as The World Bank, the Asian Development  Bank,
the   Commonwealth  Secretariat,  the  Commonwealth   Development
Corporation,  the Canadian International Development  Agency  and
others.  The Stothert Group is also experienced and respected  as
an  international  trade  broker.   To  date,  this  company  has
conducted  trade exchanges and performed engineering services  in
more than sixty countries.


A.K. Drilling (Incorporated in Ramsay, Montana)

     This company provides drilling services to support a variety
of  clients in mineral exploration, investigation and remediation
of environmental wells, environmental testing, and other drilling
services throughout North and South America.

SERVICE / PRODUCT OFFERINGS

      GBSV  was  incorporated to research, identify  and  acquire
companies  engaged in a wide range of industrial  services.   The
Company  recognized the many opportunities available due  to  the
fragmented  and over-specialized nature of this business  sector.
By   combining   and   integrating  specialized   product/service
providers, GBSV creates a more efficient operation overall.

      The integration concept developed by GBSV has been welcomed
by  owners  and  senior management of smaller  companies  seeking
access   to   public  capital  markets  and  an  opportunity   to
participate  in long term capital appreciation.  GBSV  management
have  initially  targeted business entities  that  will  generate
immediate value for the Company shareholders.

     The  strategy  on  which to build this model  was  to  first
secure   a   global  engineering  firm  that  would  become   the
cornerstone  of  the  corporate foundation.  This  objective  was
realized with the acquisition of the Stothert Group.  Established
in 1966, the Stothert Group has become an international contender
for  major industrial applications in engineering and design  and
project management services in the areas of energy, cogeneration,
construction,  forest  products, pulp and  paper,  mining,  water
management, and environmental assessments.

Further Acquisition Plans

      GBSV  continues to vigorously pursue strategic acquisitions
in  all  complimentary sectors.  The following  section  outlines
near term target companies.

Drilling Services

      Four  owner-operated, mid-sized firms have been identified.
Each has its own specialized area of expertise.  The intention is
to  acquire  these companies through a combination  of  cash  and
stock.   Initial  assessments  indicate  that  drilling  revenues
should be increased by $15 million (US) per year.

Engineering Services

      GBSV  is  currently investigating an additional engineering
acquisition  which  would synergize with and  add  value  to  the
Stothert Group services, and augment other companies in the  GBSV
family.

Mining Services

      Negotiations  are  underway to acquire  a  contract  mining
company.   The  company's  services include  geological  studies,
metallurgical  analyses,  and process  and  recovery  engineering
systems.  This firm is a recognized leader in contract mining  in
both  North  and  South America.  The Company generates  revenues
estimated in the $30 million (US) range on a yearly basis.

Materials-Handling Systems

      GBSV  is in negotiation to acquire a major manufacturer  of
materials-handling  and mining systems.  The  company's  services
include   design,  manufacture  and  operation  of   custom-built
equipment  for  major materials-handling projects throughout  the
world.   This  firm  is  a market leader with  a  reputation  for
ingenuity and quality performance.  It has revenues estimated  in
the $35 million (US) range and estimated pre-tax income in the $6
million  (US)  range  on an annual basis.  The  company  will  be
purchased through a combination of cash and stock.

MARKETING STRATEGIES

      The  Company will implement a dynamic marketing program  to
encompass  strategies for addressing both essential  elements  of
good corporate health:

       *    Attract and keep customers to ensure profitability
*    Attract and keep shareholders to ensure sufficient
capitalization

     The  marketing program will reflect the function  of  supply
and   demand   which  is  determined  by  consumer  satisfaction,
liquidity and value of the stock, and shareholder confidence.

Marketing Campaign

     GBSV  will  spearhead  communications to  establish  working
relationships with key market-makers through one-on-one  meetings
and  presentations.   GBSV already has a  significant  number  of
qualified  personal  contacts in all target audience  categories.
An  action plan will be developed to maintain appropriate contact
with these individuals to keep their interest heightened, and  to
ensure  that  future  approaches for financial  support  will  be
successful.

       Relationships   must  also  be  established   with   media
representatives, outsourced services which will perform important
functions  in  the marketing campaign, and of  course   with  the
investors  themselves.   GBSV provides the  assurance  that  such
relationships  will  be  developed  and  managed  for  long  term
effectiveness.  The Company will have an investor group  composed
of intelligent, loyal individuals.

      A  successful marketing and promotion campaign will utilize
all  available tools to educate the market, acquire  clients  and
investors, and establish loyalty.  The components of a successful
campaign   are   interlocking  pieces  which  require   effective
management to ensure contact frequency, continuity of information
and  controlled market growth.  GBSV plans to utilize all of  the
following elements:

     *    Relationship-building / key-group networking
*    Strategic information-dissemination plan
*    Corporate kit
*    Media advertising program
*    Internet presence with e-commerce function
*    Presentation tours, conferences & shows
*    Regular communications with investors & investment community

      A  strategic  plan  for information dissemination  includes
attention  to  the  content  of the communications,  and  to  the
resource used to present the message.  Specialized communications
expertise  is critical in the design of a powerful and successful
plan.   Information  must be presented in a variety  of  ways  to
achieve  maximum impact with a diverse audience.  GBSV management
offer the experience and skill to customize information according
to  corporate objectives, and to appropriately match the audience
groups  with  the  media  mechanism utilized.   Target  audiences
include  those  who are the purchasers of products and  services,
and those who are investors or potential investors.

      Examples  of media mechanisms for advertising and promotion
to the retail/wholesale portion of the industrial services sector
include  all  publications focused on engineering, mining,  water
and   power,   heavy  equipment  manufacturers/dealers/suppliers,
transportation  infrastructures, and so on.   Examples  of  media
mechanisms  for  advertising  and  promotion  to  the  investment
community  include  publications such as the  Investors  Business
Daily,  Financial Post, Wall Street Journal, and  all  manner  of
Internet-based  stock-trading  sites  and  analysts'  pages.   In
today's  cyberspace climate, the Internet is a must-use  tool  to
achieve successful corporate "branding".

      Electronic  media  such as television and  radio  are  also
powerful  components  of the GBSV marketing program.   Syndicated
financial  programming typically reaches both types of  audiences
the product/service purchaser, and the serious broker/investor.

Sales Team and Tools

     GBSV  will engage a team of experienced business development
professionals   who   will  be  able  to   offer   solutions   to
international clients on a `one-stop' basis for the comprehensive
range   of  Company  products  and  services.   On  the  investor
relations'  side of the business, GBSV will provide a program  of
regular  communications, information updates, news releases,  and
private placement offers.

      The  sales  tools  for this dichotomy of purposes  will  be
appropriately   customized.   Presence  at  both   industry   and
financial  trade  events  and  conferences  will  be  planned  to
increase exposure to indicative audiences.  Customer and investor
databases  will be maintained and managed for these two  separate
communications purposes.

Global Branding

      GBSV  is  preparing  to launch an international  "branding"
strategy  to facilitate instant corporate recognition  worldwide.
Among  the  activities  to be undertaken is  the  creation  of  a
website   to  provide  e-commerce  capabilities,  and   technical
solutions to client problems.  Company management is fully  aware
that  extraordinary  volumes  of business  leads  now  come  from
Internet   connections.   An  effective  Internet   program,   or
"wrapper",   involves  steady  maintenance,  and   attention   to
continuity  of information.  The corporate website is a  valuable
tool to educate and inform the viewer, and the potential audience
size is tremendous.  It is this scope and breadth which GBSV will
capitalize on to assure rapid branding and awareness.

Service Policies

      GBSV  companies will become the leaders in  fulfillment  of
client  solutions.  The primary objective is to respond instantly
to  client needs.  The Company will maintain a policy of best-of-
practices  commitment  in all its endeavors  and  will  focus  on
fundamentals.  GBSV will improve the workflow process,  build  on
key  relationships  and  develop  communications  mechanisms   to
increase  productivity,  support  informed  decision-making,  and
enhance opportunity for all involved.

ITEM 2.   DESCRIPTION OF PROPERTY.

The  Company  operates  its corporate executive  offices  at  609
Granville Street, 14th Floor, Vancouver, B.C. Canada V6Y 1G5.  It
utilizes this office space on a month-to-month basis. The  office
is  approximately 300 square feet and is rented for approximately
$700 per month. There is no lease or rent agreement.

Since  the  company is incorporated in Nevada, it is required  to
maintain  a  resident  office in that state  in  which  corporate
documents  are  available.  The resident  office  is  located  at
Corporation  Trust Company of Nevada, 6100 Neil Rd.,  Suite  500,
Reno,  NV 89511. No activities take place in the resident office.
All  other  activities  have been consolidated  to  the  facility
described above.

ITEM 3.   LEGAL PROCEEDINGS

The  Company  is  not  a  party  to any  material  pending  legal
proceedings and, to the best of its knowledge, no such action  by
or against the Company has been threatened.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

No such matters were submitted during the most recent quarter.

                             PART II

ITEM 5.   MARKET   FOR  COMMON  EQUITY  AND  RELATED  STOCKHOLDER
          MATTERS.

                       Market Information

The  Company's  common stock is listed on the  OTC-BB  under  the
symbol GBSV.

There  are 36  record  owners of the Company's common stock.  The
Company  has  never  paid  a cash dividend  and  has  no  present
intention of doing so in the foreseeable future.

The  Company's common stock is considered a "penny  stock"  under
the Commission rules.

Effective August 11, 1993, the Securities and Exchange Commission
adopted Rule 15g-9, which established the definition of a  "penny
stock,"  for  purposes  relevant to the Company,  as  any  equity
security that has a market price of less than $5.00 per share  or
with  an exercise price of less than $5.00 per share, subject  to
certain exceptions. For any transaction involving a penny  stock,
unless  exempt,  the rules require: (i) that a broker  or  dealer
approve a person's account for transactions in penny stocks;  and
(ii)  the  broker or dealer receive from the investor  a  written
agreement  to  the  transaction, setting forth the  identity  and
quantity of the penny stock to be purchased. In order to  approve
a  person's account for transactions in penny stocks, the  broker
or  dealer  must (i) obtain financial information and  investment
experience  and  objectives  of  the  person;  and  (ii)  make  a
reasonable  determination that the transactions in  penny  stocks
are  suitable  for  that  person and that person  has  sufficient
knowledge  and experience in financial matters to be  capable  of
evaluating the risks of transactions in penny stocks. The  broker
or  dealer must also deliver, prior to any transaction in a penny
stock,  a disclosure schedule prepared by the Commission relating
to  the  penny stock market, which, in highlight form,  (i)  sets
forth  the  basis  on  which  the  broker  or  dealer  made   the
suitability  determination; and (ii) that the  broker  or  dealer
received  a signed, written agreement from the investor prior  to
the  transaction. Disclosure also has to be made about the  risks
of  investing  in  penny stocks in both public offerings  and  in
secondary  trading,  and about commissions payable  to  both  the
broker-dealer   and   the   registered  representative,   current
quotations  for  the  securities  and  the  rights  and  remedies
available  to  an  investor in cases  of  fraud  in  penny  stock
transactions.  Finally,  monthly  statements  have  to  be   sent
disclosing recent price information for the penny stock  held  in
the  account  and  information on the  limited  market  in  penny
stocks.

                            Dividends

The  Company has not paid any dividends on its common stock.  The
company currently intends to retain any earnings for use  in  its
business,  and does not anticipate paying cash dividends  in  the
foreseeable future.

ITEM 6.   MANAGEMENT'S PLAN OF OPERATION

          Management's Discussion And Plan Of Operation

Forward-looking  statements  are  statements  that  estimate  the
happening of future events and are not based on historical facts.
Forward-looking  statements  may be  identified  by  the  use  of
forward-looking  terminology, such  as  "could",  "may",  "will",
"expect",    "shall",   "estimate",   "anticipate",   "probable",
"possible",  "should",  "continue", "intend"  or  similar  terms,
variations  of  those terms or the negative of those  terms.  The
forward-looking statements specified in this prospectus have been
compiled by management of the company on the basis of assumptions
made by management and considered by management to be reasonable.
Future  operating results of the company, however, are impossible
to  predict and no representation, guaranty, or warranty is to be
inferred from those forward-looking statements.

The   assumptions   used  for  purposes  of  the  forward-looking
statements  represent estimates of future events and are  subject
to  uncertainty as to possible changes in economic,  legislative,
industry,   and   other   circumstances.   As   a   result,   the
identification  and interpretation of data and other  information
and  their use in developing and selecting assumptions  from  and
among  reasonable alternatives require the exercise of  judgment.
To  the  extent that the assumed events do not occur, the outcome
may  vary  substantially from anticipated or  projected  results,
and, accordingly, no opinion is expressed on the achievability of
those forward-looking statements. No assurance can be given  that
any of the assumptions relating to the forward-looking statements
specified  in  this  report  are  accurate,  and  we  assume   no
obligation to update any such forward-looking statements.

The  following discussion should be read in conjunction with  the
audited  consolidated financial statements  of  the  Company  and
related  notes included elsewhere in this Report for  the  period
ended  December 31, 2000. All statements contained herein  (other
than  historical facts) including, but not limited to, statements
regarding  the Company's future development plans, the  Company's
ability  to  generate cash from its operations,  and  any  losses
related  thereto,  are  based  upon current  expectations.  These
statements are forward looking in nature and involve a number  of
risks  and  uncertainties. Actual results may  differ  materially
from the anticipated results, or other expectations expressed  in
the  Company's forward looking statements. Generally,  the  words
"anticipate,"   "believe,"  "estimate,"  "expects,"  and  similar
expressions  as they relate to the Company and/or its management,
are  intended to identify forward-looking statements.  Among  the
factors  that  could  cause actual results to  differ  materially
could  be  the  inability  of the Company  to  obtain  additional
financing  to  meet its capital requirements, needs  and  general
business   and  economic  conditions  as  well  as  technological
developments.

The   accompanying  audited  consolidated  financial   statements
include  the accounts of Global Industrial Services Inc. and  its
wholly-owned subsidiaries. Those subsidiaries are Stothert Group,
Inc.  ("Stothert"),  its subsidiaries, AK  Drilling,  Inc.   ("AK
Drilling"), and its subsidiary.

OVERVIEW

The Company has a limited history of operations and no history of
profitability. It was incorporated as Charger Ventures   Inc.  on
July  24, 1998 and changed its name to Global Industrial Services
Inc.  on  March 30, 2000. The Company was organized to engage  in
any  lawful corporate business, including but not limited to  the
business of combining and integrating specialized product/service
providers  of the industrial services industry sector.  Prior  to
December  31,  1999, the Company had no operating  history  other
than  organizational matters. In the second quarter of 2000,  the
Company acquired two operating entities and is no longer  in  the
development stage.

On  April 6, 2000 the Company acquired AK Drilling Inc. from  its
sole shareholder who remains as the operator of AK Drilling.  The
acquisition  price was $1,150,000 in cash and  1  million  common
shares  of  the  Company. AK Drilling operates primarily  in  the
mineral exploration and water drilling industry. At December  31,
2000, the Company owed the shareholder of AK $768,000 of the cash
portion  of the purchase price. AK Drilling's offices are located
in  Ramsay,  Montana  and it has projects throughout  the  United
States and in Peru.

On  April  26,  2000  the  Company  acquired  Stothert  from  its
shareholders  in consideration for $814,300 in cash  and  227,000
common  shares of the Company. At December 31, 2000, the  Company
owed  the  Stothert shareholders $546,300 of the cash portion  of
the  purchase  price. Stothert provides engineering, construction
and  project management services for the pulp and paper  industry
with  particular focus on recausticizing plants and  lime  kilns.
Stothert  provides a full range of engineering services including
feasibility  studies, detailed engineering, due  diligence,  mill
audits,   project   management  services,  turnkey   supply   and
construction,  operations  and  training  services,  and  project
financing.  Stothert's corporate office is located in  Vancouver,
Canada and it has completed projects in several countries.

On  April  30,  2000,  the Company moved its principal  place  of
business  to  14th  Floor, 609 Granville St., Vancouver,  British
Columbia, V7Y IG5.

On  August  16, 2000 the sole stockholder of Passant  Acquisition
Corp. ("Passant"), a Nevada corporation, sold his interest to the
Company  for $50,000 in cash consideration and Gregory M.  Wilson
resigned as President, Secretary, Treasurer and Sole Director and
Terry  Kirby became a Director, President, Secretary,  Treasurer.
Pursuant to the Agreement and Plan of Reorganization dated as  of
August  16,  2000  between the Company and Passant,  all  of  the
outstanding shares of common stock of Passant were exchanged  for
the sum of $50,000.

During the year, the Company was financed through advances from a
related company which totaled $1,111,319 (1999 - Nil) at December
31,  2000,  and through the sale of 210,000 common  shares  which
raised $160,000.

RESULTS OF OPERATIONS

The  Company was not operating prior to December 31, 1999 and had
only  incurred  minimal  start-up   expenses  as  of  that  date.
Therefore,  comparing the results of operations for  the  current
year  to  the  preceding year would not be  meaningful.  The  two
acquired  companies  results are reflected  in  the  consolidated
financial statements from the dates of acquisition.

During the year ended December 31, 2000, the operating margin  of
the Company of $2,556,458 was not enough to cover the general and
administration  costs  of the Company of  $3,008,197,  and  other
charges  of  $302,275, such that the Company had a  net  loss  of
$754,015,  or $0.09 per share. The net loss in 1999 was  $37,984,
or   $0.01  per  share,  which  was  entirely  for  general   and
administration costs.

The  2000  revenues  of  the Company,  in  its  first  year  with
operating  subsidiaries, was $5,583,741 (1999 -  nil)  which  was
comprised   of   drilling  fees  and  services   of   $3,043,648,
engineering fees and services of $2,539,397 and other  income  of
$696.  The  operating  costs  of  the  drilling  and  engineering
operations  were  $1,363,916 and $1,191,846,  respectively,  such
that  operating margins were 44.8% and 46.9%, respectively. These
margins  were  outweighed by the high general and  administration
costs  of  the new subsidiaries and the corporate entity combined
which  totaled $3,008,197 for the year. Each of the two operating
entities  earned  profits  of  $263,603  and  $178,592,  for  the
drilling operations and the engineering operations  respectively,
after  goodwill  amortization charges  of  $4,556  and  $131,419,
respectively.

The Corporate office was engaged in managing and coordinating the
acquisitions during the year, in addition to raising  capital  to
pay   for   the   acquisitions  and   looking   for   additional,
complementary acquisitions. The costs of the corporate office  of
$971,905  included  audit  and  accounting  fees,  travel  costs,
salaries and wages, office costs and legal costs. The Company has
also  recorded an expense of $125,000 for the issuance  of  stock
options  to  directors and officers during the year. A  one  time
charge of $225,000 was recorded in the third quarter for a write-
down   of  an  investment  (Sharpshooter  Resources,  Inc.)   the
recoverability  of  which  was  uncertain.  This  investment  was
acquired  on  January  11,  2000. In  the  fourth  quarter,  this
investment was disposed of for proceeds of $50,000, such that the
loss on the investment was $175,000.

LIQUIDITY AND CAPITAL RESOURCES

At December 31, 2000 the Company had working capital of $751,848,
before  the current portion ($511,581) of the long term  debt  of
$1,435,048, the loan from a related party of $1,111,319, and  the
debt  owing to the shareholders of AK Drilling and Stothert which
totaled  $1,314,300.  Including these items in  working  capital,
there  was a working capital deficiency of $2,185,353 at the  end
of the year.

The  long term debt ($1,435,048), and the current portion thereof
($511,581), related specifically to AK Drilling. These loans  are
generally  for and secured by equipment purchases for items  such
as  drill  rigs  and haul trucks and carry interest  rates  which
range  from 7.5% to 10%. The related party loan is from a company
related  to  the president of the Company and it is  non-interest
bearing, unsecured and payable on demand. The debt owing  to  the
shareholders of AK Drilling and Stothert is due and  the  Company
is  in  discussions with the shareholders to arrange  a  form  of
repayment for these amounts which it expects to complete  in  the
first half of 2001.

As  the  long  term  debt interest is borne by AK  Drilling,  the
related party debt carries no interest, and the debt owing on the
acquisitions  are  being reorganized, the Company  can  meet  its
current  obligations to continue operations. Financing will  have
to  be raised from other sources to repay the debt to the related
party  and  the debt owing on the acquisitions. The sources  that
the  Company is currently working on are Company cash  flows  and
equity offerings. Although there are no assurances that either of
these  will  be  adequate  to eliminated  the  Company's  working
capital deficiency, the Company believes that such financings can
be achieved.

The  most  significant  assets of the Company  are  the  drilling
equipment ($3,089,461) operated by AK Drilling, and the  accounts
receivable  ($1,109,485) of which Stothert accounts for  $471,278
and  AK Drilling accounts for $626,793, and other amounts account
for  $11,414.  Goodwill of $1,016,016 was  recorded  on  the  two
acquisitions  completed during 2000 and goodwill amortization  of
$135,975  was  recorded  in  the  year.  The  goodwill  is  being
amortized over a five year period.

During 2000, the only equity financing which was completed was to
raise $160,000 from the sale of common shares at an average price
of  $0.76  per share. The share price of the Company has declined
in  the  first  quarter  of  2001, as have  most  stock  exchange
indexes,  such  that raising additional capital from  the  equity
markets is more difficult.

OUTLOOK

The  Company  believes its cash on hand and cash from  operations
will  be  sufficient to maintain its present level of development
efforts  over  the  next  three months.  However,  the  Company's
projections of future cash  needs and cash flows may differ  from
actual results. The Company plans to complete a private placement
of  equity  securities to fund possible future  acquisitions  and
working  capital.  The sale of additional  equity  securities  or
convertible  debt  could  result in additional  dilution  to  the
stockholders. The Company can give no assurance that it  will  be
able  to generate adequate funds from operations, that funds will
be  available  to the Company from debt or equity financings,  or
that if available, the Company will be able to

obtain  such funds on favorable terms and conditions. The Company
currently   has  no  definitive  arrangements  with  respect   to
additional financing.

Upon  successful refinancing of the Company, the growth  strategy
will  continue  with  acquisitions  in  the  industrial  services
industry. The Company has identified acquisition targets and will
begin  the process of completing such acquisitions later in 2001.
The  target acquisition companies will most likely be similar  to
those  acquired  in  2000 in terms of size, industry  focus,  and
profitability.

ITEM 7.   FINANCIAL STATEMENTS.

The  Audited Financial Statements as of December, 31,  2000,  and
December 31, 1999
        GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
CONSOLIDATED FINANCIAL STATEMENTS







                              INDEX



INDEPENDENT AUDITORS' REPORT                                1


CONSOLIDATED BALANCE SHEETS                                 2


CONSOLIDATED STATEMENTS OF OPERATIONS                       3


CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY              4


CONSOLIDATED STATEMENTS OF CASH FLOWS                       5


NOTES TO CONSOLIDATED FINANCIAL STATEMENTS             6 - 17



















                  INDEPENDENT AUDITORS' REPORT

To the Board of Directors and Shareholders of
Global Industrial Services Inc. and Subsidiaries

We  have audited the accompanying consolidated balance sheets  of
Global  Industrial Services Inc. and Subsidiaries as of  December
31,  2000  and  1999, and the related consolidated statements  of
operations,  stockholders' equity and cash flows  for  the  years
then  ended.   These  consolidated financial statements  are  the
responsibility of the Company's management. Our responsibility is
to  express an opinion on these financial statements based on our
audits.

We  conducted  our  audits in accordance with auditing  standards
generally  accepted  in  the United  States  of  America.   Those
standards  require that we plan and perform the audit  to  obtain
reasonable  assurance about whether the financial statements  are
free of material misstatement.  An audit includes examining, on a
test  basis,  evidence supporting the amounts and disclosures  in
the  financial statements.  An audit also includes assessing  the
accounting  principles  used and significant  estimates  made  by
management, as well as evaluating the overall financial statement
presentation.   We believe that our audits provide  a  reasonable
basis for our opinion.

In our opinion, the consolidated financial statements referred to
above  present fairly, in all material respects, the consolidated
financial  position  of  Global  Industrial  Services  Inc.   and
Subsidiaries  as  of  December  31,  2000  and  1999,   and   the
consolidated  results of its operations and cash  flows  for  the
years   then  ended  in  conformity  with  accounting  principles
generally accepted in the United States of America.

The  accompanying  consolidated financial  statements  have  been
prepared  assuming the Company will continue as a going  concern.
As  described in Note 1 to the financial statements, the  Company
has  suffered recurring losses from operations and has a negative
working capital.  These factors raise substantial doubt about its
ability  to continue as a going concern.  Management's  plans  in
regards  to  these matters are also described in Note  1.   These
financial  statements do not include any adjustments  that  might
result from the outcome of this uncertainty.


MERDINGER, FRUCHTER, ROSEN & CORSO, P.C.
Certified Public Accountants

Los Angeles, California
February 9, 2001
            GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
                       CONSOLIDATED BALANCE SHEETS
                              DECEMBER 31,

<TABLE>
<S>                                            <C>             <C>

                                                    2000           1999
                                                 ----------     -----------
    ASSETS
CURRENT ASSETS
  Cash and cash equivalents                        $  119,376         $  215
  Accounts receivable, net of
   allowance for doubtful accounts of $26,830         872,661              -
  Prepaid expenses                                    111,206         11,041
  Inventory                                           185,801              -
  Advances to related party                                 -         66,218
                                                 ------------    -----------
     Total Current Assets                           1,289,044         77,474

Property and equipment, net                         3,089,461              -

Investments                                           106,667              -

Goodwill, net                                         880,041              -
                                                 ------------    -----------
     TOTAL ASSETS                                $  5,365,213      $  77,474
                                                 ============    ===========
    LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
  Cash overdraft                                    $  26,565           $  -
  Accounts payable                                    736,335          1,716
  Payable on investments                            1,314,300              -
  Current potion of long term debt                    511,581              -
  Deferred revenue                                     36,079              -
  Advances payable - related party                  1,050,323              -
                                                 ------------    -----------
    Total current liabilities                       3,675,183          1,716

Long term debt, less current portion                  923,467              -
                                                 ------------    -----------
    Total liabilities                               4,598,650          1,716
                                                 ------------    -----------
COMMITMENTS AND CONTINGENCIES                               -              -

STOCKHOLDERS' EQUITY
  Common stock, $.001 par value; 50,000,000
   shares authorized:
   9,414,346 and 4,020,000 shares
   issued and outstanding                               9,415          4,020
  Additional paid-in capital                        1,608,490         33,934
  Foreign currency translation adjustment            ( 4,867)              -
  Common stock subscription                                 -         90,000
  Accumulated deficit                               (846,475)       (52,196)
                                                 ------------    -----------
    Total Stockholders' Equity                        766,563         75,758
                                                 ------------    -----------
    TOTAL LIABILITIES AND STOCKHOLDERS'
     EQUITY                                      $  5,365,213      $  77,474
                                                 ============    ===========
</TABLE>
The  accompanying  notes  are  an integral  part  of  these  consolidated
financial statements.

                              - 2 -
            GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
                  CONSOLIDATED STATEMENTS OF OPERATIONS
                    FOR THE YEARS ENDED DECEMBER 31,

<TABLE>
<S>                                     <C>            <C>

                                             2000           1999
                                          ---------      ---------
Revenue
  Drilling                                $  2,978,558           $  -
  Fees                                       2,440,681              -
                                          ------------    -----------
                                             5,419,239              -
                                          ------------    -----------
Cost of revenue
  Drilling                                   1,697,288              -
  Fees                                       1,193,713              -
                                          ------------    -----------
                                             2,891,001              -
                                          ------------    -----------
Gross profit
  Drilling                                   1,281,270              -
  Fees                                       1,246,968              -
                                          ------------    -----------
                                             2,528,238              -
                                          ------------    -----------
General and administrative expense           2,948,866         37,984
Amortization of goodwill                       135,975              -
                                          ------------    -----------
                                             3,084,841         37,984
                                          ------------    -----------
Loss from operations before other
income
  (expense) and provision for income         (556,603)       (37,984)
taxes

Other income (expense)
  Interest income                               10,621              -
  Interest expense                           (131,996)              -
  Loss on investment                         (175,000)              -
  Other income                                  58,699              -
                                          ------------    -----------
Loss before provision for income taxes       (794,279)       (37,984)

Income tax expense                                   -              -
                                          ------------    -----------
Net loss                                  $  (794,279)    $  (37,984)
                                          ============    ===========
Net loss per share - basic and diluted    $     (0.09)    $    (0.01)

Weighted average shares outstanding          8,684,323      3,700,000

</TABLE>






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

                                  - 3 -

                GLOBAL INDUSTRIES SERVICES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

<TABLE>
<S>                            <C>            <C>           <C>          <C>             <C>          <C>           <C>
                                                             Additional     Common        Currency
                                      Common Stock           Paid-in        Stock       Translation   Accumulated
                                   Shares        Amount      Capital    Subscriptions   Adjustment      Deficit        Total
                                  -------       --------    ---------    ----------      ---------     --------      --------
Balance at
 December 31, 1998               2,150,000    $    2,150   $   17,470    $        -      $       -   $   (14,212)  $        5,408


Capital stock issued pursuant
 to offering memorandum,         1,870,000         1,870       16,464             -              -              -          18,334
  For cash - at $0.01
 (net of issuance costs)

Common stock subscription                -             -            -        90,000              -              -           9,000

Net loss                                 -             -            -             -              -       (37,984)       ( 37,984)
                                 ---------       -------   ----------      --------       --------     ----------       ---------
Balance at
 December 31, 1999               4,020,000         4,020       33,934        90,000              -       (52,196)       75,758800

Sale of common stock               210,000           210      159,790             -              -              -         160,000

Issuance of stock options                -             -      125,000             -              -              -         125,000

Issuance of shares                 400,000           400       89,600      (90,000)              -              -               -

Issuance of shares
 for acquisitions                4,688,538         4,689    1,056,550             -              -              -       1,061,239

Issuance of shares in
 settlement of payables             95,808            96      143,616             -              -              -         143,712

Foreign currency
 translation adjustment                  -             -            -             -        (4,867)              -        ( 4,867)

Net loss                                 -             -            -             -              -      (794,279)       (794,279)
                                 ---------       -------   ----------      --------       --------     ----------       ---------
Balance at
 December 31, 2000               9,414,346    $    9,415 $  1,608,490  $          -       $(4,867)   $  (846,475)  $      766,563
                                 =========       =======   ==========      ========       ========     ==========       =========
</TABLE>




The accompanying notes are an integral part of these consolidated financial
statements.
                                      - 4 -
GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
                  STATEMENTS OF CASH FLOWS
<TABLE>
<S>                                           <C>             <C>
                                                   For the Year Ended
                                                      December 31,
                                                  ---------------------
                                                   2000           1999
                                                  -------       --------
CASH FLOWS FROM OPERATING ACTIVITIES
  Net loss                                    $   (794,279)   $     (37,984)
  Adjustments to reconcile net loss to net
    cash used in operating activities:
    Depreciation and amortization                   437,604                -
    Bad debt                                         82,784                -
    Loss on investment                              175,000            5,881
    Stock-based compensation                        125,000                -
    Changes in assets and liabilities

      Accounts receivable                           489,944                -
      Inventory                                    (84,369)                -
      Other assets                                 (70,661)          (9,014)
      Deferred revenue                            (337,454)                -
      Accounts payable                            (157,149)            1,716
                                                 ----------      -----------
Net cash used by operating activities             (133,580)         (39,401)
                                                 ----------      -----------
CASH FLOWS FROM INVESTING ACTIVITIES
  Property and equipment                          (198,322)          (2,500)
  Net cash in acquisitions                         (44,288)                -
                                                 ----------      -----------
Net cash used in investing activities             (242,463)          (2,500)
                                                 ----------      -----------
CASH FLOWS FROM FINANCING ACTIVITIES
  Cash overdraft                                     26,565                -
  Sale of common stock                              160,000           18,334
  Stock subscription                                      -           90,000
  Note payable proceeds                              41,050                -
  Note payable repayments                         (255,081)                -
  Distributions                                           -                -
  Investments in subsidiaries                     (650,000)                -
  Advances from related party                     1,177,537         (66,218)
                                                 ----------      -----------
Net cash provided by financing activities           500,071           42,116
                                                 ----------      -----------
Effect of exchange rate changes on cash             (4,867)                -
                                                 ----------      -----------
Net increase in cash                                119,161              215

Cash  - beginning                                       215                -
                                                 ----------      -----------
Cash - ending                                 $     119,376   $          215
                                                 ==========      ===========
Cash paid during the year for:
  Interest                                    $     131,996   $            -
  Income taxes                                            -                -
</TABLE>

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

                            - 5 -
      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations
Global  Industrial Services Inc. and Subsidiaries  (formerly
Charger Ventures, Inc.), ("Global" or the "Company"), was  a
development stage company under the provisions of  Statement
of  Financial Accounting Standards ("SFAS") No.  7  for  the
year  ended  December 31, 1999.  In the  second  quarter  of
2000, the Company acquired two operating entities and is  no
longer   in   the  development  stage.   The   Company   was
incorporated under the laws of the State of Nevada  on  July
24,  1998.  On March 30, 2000, the Company changed its  name
to Global Industrial Services Inc. and Subsidiaries

Basis of Presentation
The  accompanying consolidated financial statements  include
the   accounts  of  Global  Industrial  Services  Inc.   and
Subsidiaries  and  its  wholly-owned  subsidiaries.    Those
subsidiaries  are Stothert Group, Inc. ("Stothert")  and  AK
Drilling, Inc. ("AK Drilling").  AK Drilling is comprised of
AK   Drilling,   Inc.   and  AK  International,   S.A   ("AK
International").   Stothert is comprised  of  the  following
entities:

Stothert Management Ltd. (SML)
Stothert Engineering Ltd. (SEL)
Mutual Forest Industries Ltd. (MFI)
Stothert Schultz International Inc. (SSI)
Stothert Power Corp.
J.R. Lewis & Associates Ltd. (JRL)
     988650 Enterprises Ltd.

All  significant intercompany accounts and transactions have
been eliminated in consolidation.

As  reflected in the accompanying financial statements,  the
Company has had recurring losses from operations, a negative
cash  flow  from operations and a negative working  capital.
These  matters  raise substantial doubt about the  Company's
ability to continue as a going concern.

In view of the matters described in the preceding paragraph,
recoverability  of  a major portion of  the  recorded  asset
amounts shown in the accompanying consolidated balance sheet
is  dependent  upon  continued operations  of  the  Company,
which,  in turn, is dependent upon the Company's ability  to
continue  to raise capital and generate positive cash  flows
from  operations.  The consolidated financial statements  do
not  include  any adjustments relating to the recoverability
and  classification of recorded asset amounts or amounts and
classifications  of  liabilities  that  might  be  necessary
should the Company be unable to continue its existence.

                            - 6 -

      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999

NOTE   1  -   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
(Continued)

Basis of Presentation (continued)
Management  plans  to  take  the  following  steps  that  it
believes will be sufficient to provide the Company with  the
ability to continue in existence:

a)    Raise  additional capital through the sale of  capital
stock
b)    Acquire  additional  operating companies  through  the
issuance of capital stock and cash

Lines of Business
The  Company,  through  its  subsidiary  Stothert,  provides
engineering,  construction and project  management  services
for  the  pulp and paper industry with particular  focus  on
recausticizing plants and lime kilns.  Stothert  provides  a
full   range  of  services  including  feasibility  studies,
detailed  engineering, due diligence, mill  audits,  project
management   services,  turnkey  supply  and   construction,
operations  and  training services, and  project  financing.
Stothert's business is conducted in Vancouver, Canada.   The
Company's subsidiary AK Drilling operates primarily  in  the
mineral  and  water  drilling  industry.   Its  offices  are
located in Montana.  AK Drilling also conducts operations in
Peru, through AK International.

     Use of Estimates
The  preparation of financial statements in conformity  with
generally accepted accounting principles requires management
to  make  estimates and assumptions that affect the reported
amount   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 reported period.  Actual  results
could differ from those estimates.

 Fair Value of Financial Instruments
The Company measures its financial assets and liabilities in
accordance  with  generally accepted accounting  principles.
For   certain   of  the  Company's  financial   instruments,
including  cash  and cash equivalents, accounts  receivable,
accounts  payable, payables on investments and  advances  to
and  from  related parties, the carrying amounts approximate
fair value due to their short maturities.

     Cash and Cash Equivalents
The   Company   considers  all  highly  liquid   investments
purchased with original maturities of three months  or  less
to be cash equivalents.

     Concentration of Credit Risk
     From  time to time the Company places its cash in  what
it  believes  to  be  credit-worthy financial  institutions.
However,  cash  balances may exceed FDIC insured  levels  at
various times during the year.

                            - 7 -

      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                 DECEMBER 31, 2000 AND 1999

NOTE   1  -   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
(Continued)

Inventory
Inventory is stated at the lower of cost or market.  Cost is
determined on a first-in, first-out basis.

Inventory  consists  principally  of  piping  and   drilling
supplies.

Revenue Recognition
The  Company  records  revenue as  services  are  performed.
Contract  revenue  is  recognized using  the  percentage  of
completion  method.   Billings to customers  in  advance  of
services performed are credited to deferred revenue.

Depreciation and Amortization
Property   and  equipment  are  stated  at  cost   and   are
depreciated  using  the straight-line and declining  balance
methods   over  their  estimated  useful  lives.    Drilling
equipment  is  depreciated over  10  to  15  years.   Office
equipment  is  depreciated over  5  to  7  years.   Computer
software and hardware is depreciated over 3 to 5 years.

The  costs of maintenance and repairs are charged to expense
when  incurred;  costs  of  renewals  and  betterments   are
capitalized.   Upon the sales or retirement of property  and
equipment, the cost and related accumulated depreciation are
eliminated  from the respective accounts and  the  resulting
gain or loss is included in operations.

Goodwill
Goodwill  represents the excess cost over the fair value  of
net  assets  acquired.  Goodwill is being amortized  on  the
straight-line basis over a period of 5 years.  The  carrying
value  of  goodwill  is reviewed if facts and  circumstances
suggest  that  it may be impaired, but at a  minimum  it  is
evaluated annually.  Negative operating results and negative
cash  flows from operations, among other factors,  could  be
indicative    of   the   impairment   of   goodwill.     The
recoverability   of   the   goodwill   is   measured   using
undiscounted, estimated future cash flows.  If an impairment
of  the goodwill is determined to exist, the carrying  value
of the goodwill is adjusted down to fair value as determined
by estimated discounted future cash flows.

Impairment of Long-Lived Assets
Long-lived  assets  to  be held and used  are  analyzed  for
impairment  whenever  events  or  changes  in  circumstances
indicate  that  the  related carrying  amounts  may  not  be
recoverable. When required, impairment losses on  assets  to
be  held and used are recognized based on the fair value  of
the  assets  and  long-lived assets to be  disposed  of  are
reported at the lower of carrying amount or fair value  less
cost to sell.

                            - 8 -

      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999

NOTE   1  -   SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES
(Continued)

Income Taxes
The  Company accounts for income taxes pursuant to SFAS  No.
109,  "Accounting  for Income Taxes".   Deferred  taxes  are
provided  on a liability method whereby deferred tax  assets
are  recognized  for deductible temporary  differences,  and
deferred   tax  liabilities  are  recognized   for   taxable
temporary  differences.   Temporary  differences   are   the
differences  between  the reported  amounts  of  assets  and
liabilities  and their tax bases.  Deferred tax  assets  are
reduced  by  a valuation allowance when, in the  opinion  of
management, it is more likely than not that some portion  of
all  of  the  deferred  tax assets  will  not  be  realized.
Deferred  tax  assets and liabilities are adjusted  for  the
effects  of  changes in tax laws and rates on  the  date  of
enactment.

Translation of Foreign Currency
The   Company  translates  the  foreign  currency  financial
statements of its Canadian subsidiary in accordance with the
requirements of SFAS No. 52, "Foreign Currency Translation".
Assets  and  liabilities are translated at current  exchange
rates,  and related revenues and expenses are translated  at
average   exchange  rates  in  effect  during  the   period.
Resulting translation adjustments are recorded as a separate
component   in   stockholders'  equity.   Foreign   currency
transaction  gains and losses are included in the  statement
of operations.

 Stock-Based Compensation
The  Company  has  adopted  the intrinsic  value  method  of
accounting  for stock-based compensation in accordance  with
Accounting   Principles  Board  Opinion  ("APB")   No.   25,
"Accounting  for  Stock  Issued to  Employees"  and  related
interpretations.

 Net Loss Per Common Share
The  Company  calculates  net  loss per  share based on SFAS
No.  128,  "Earnings Per Share".  Basic loss  per  share  is
computed  by  dividing  net  loss  attributable  to   common
stockholders by the weighted average number of common shares
outstanding.  Diluted loss per share is computed similar  to
basic  loss  per  share  except  that  the  denominator   is
increased to include the number of additional common  shares
that  would  have  been outstanding if the potential  common
shares  had been issued and if the additional common  shares
were  dilutive.   At  December 31,  2000,  the  Company  had
2,000,000 potentially dilutive securities.

Comprehensive Income
The   Company   has   adopted  SFAS  No.   130,   "Reporting
Comprehensive  Income".  SFAS 130 establishes standards  for
reporting  and  display  of  comprehensive  income  and  its
components  in  a  full  set  of  general-purpose  financial
statements.

NOTE 2 -  DUE FROM RELATED COMPANY

Advances  to  and  from a related company  are  non-interest
bearing, unsecured and due on demand. The related company is
controlled by one of the stockholders of the Company.

                            - 9 -

      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999



NOTE 3 -  INCOME TAXES

The  components  of  the provision for income  taxes  is  as
follows:
<TABLE>
<S>                                                    <C>            <C>
                                                      2000         1999
    Current tax expense                                ------        ------
    U.S. Federal                                    $       -      $       -
    State and local                                         -              -
                                                      -------        -------
      Total current                                         -              -
                                                      -------        -------
    Deferred tax expense
      U.S. Federal                                          -              -
      State and local                                       -              -
                                                      -------        -------
      Total deferred                                        -
                                                      -------        -------
      Total tax provision
       from continuing operations                   $       -      $       -
                                                      -------        -------
    Federal income taxes rate                            34.0 %         34.0 %
                                                                           %
    Effect of valuation allowance                       (34.0 )%       (34.0 )%
                                                      -------        -------
    Effective income tax rate                               -              -
                                                      =======        =======
  </TABLE>
The   Company   named   net  operating  losses   aggregating
approximately  $721,000.  $38,000 expire in  2019  and  $683
expire in 2020.

Deferred  tax assets and liabilities reflect the net  effect
of  temporary  differences between the  carrying  amount  of
assets and liabilities for financial reporting purposes  and
amounts used for income tax purposes. Significant components
of  the Company's deferred tax assets and liabilities are as
follows:
     <TABLE>
     <S>                                              <C>            <C>
     Deferred tax assets
       Loss carryforwards                               $   245,100    $ 17,700
       Less: valuation allowance                          (245,100)    (17,700)
                                                        -----------    --------
       Net deferred tax assets                                    -    $      -
                                                        ===========    ========
     </TABLE>

The  Company  has  provided a valuation  allowance  for  the
deferred  tax  asset since management has not been  able  to
determine whether the asset is realizable.

AK  Drilling,  with  the  consent of  its  shareholder,  had
elected  under  the  Internal  Revenue  Code  to  be  an   S
corporation.   In  lieu of corporation's income  taxes,  the
shareholders  of  an  S  corporation  are  taxed  on   their
proportionate   share  of  the  Company's  taxable   income.
Therefore,  no  provision or liability  for  federal  income
taxes has been included in the financial statements for  the
periods  prior  to  the  acquisition  by  Global.    The   S
corporation election has been terminated on that date.

                           - 10 -
      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999

NOTE 4 -  STOCK OPTION PLANS

Under  the Stock Plan maintained by the Company, the Company
can  grant  incentive stock options and non-qualified  stock
options   to   officers,  key  employees,  consultants   and
directors of the Company at a price not less than $0.25  per
share.

The  maximum number of shares which may be issued under  the
plan is 2,000,000.

On January 14, 2000, the Company granted options to purchase
2,000,000  shares  of  common  stock.   500,000  shares  are
exercisable  at  $0.25  per share and 1,500,000  shares  are
exercisable   at  $0.50  per  share.   The  options   vested
immediately and expire in three years.

Pursuant  to  APB 25, the Company has recorded  compensation
expense of $125,000 during the year ended December 31, 2000.

There  were  no  stock option transactions during  the  year
ended December 31, 1999.

A summary of stock option transactions are as follows:
        <TABLE>
        <S>                                  <C>
                                               Year ended
                                              December 31,
                                                  2000
                                               -----------
        Outstanding, beginning                             -

        Granted at an exercise
         price of $0.25 per share                    500,000

        Granted at an exercise
         price of $0.50 per share                  1,500,000
                                                  ----------
        Outstanding, ending                        2,000,000
                                                  ==========
        Exercisable, ending                        2,000,000
                                                  ==========
        </TABLE>

The  Company  accounts  for  its stock  option  transactions
under the provisions of APB No. 25.  The following pro forma
information is based on estimating the fair value of  grants
based  upon the provisions of SFAS No. 123.  The fair  value
of each option granted during the periods indicated has been
estimated  as  of the date of grant using the  Black-Scholes
option pricing model with the following assumptions:

        <TABLE>
        <S>                                   <C>
        Risk free interest rate                       6.375%
        Life of the options                          2 years
        Expected dividend yield                           0%
        Expected volatility                               0%
        Weighted fair value of options                 $0.12
        granted
        </TABLE>

                           - 11 -

      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999



NOTE 4 - STOCK OPTION PLANS (Continued)

Accordingly, the Company's pro forma net loss and  net  loss
per  share  assuming compensation cost was determined  under
SFAS No. 123 would have been the following:

          <TABLE>
          <S>                                  <C>
          Net loss                                $(909,279)
          Net loss per basic share                $   (0.10)

          Weighted average option
           price per share
            Granted                               $     0.44
            Exercised                                      -
            Cancelled                                      -
            Outstanding at end of period                0.44
            Exercisable at end of period                0.44
          Weighted average remaining life
             of options outstanding                  2 years
          </TABLE>

NOTE 5 -    ACQUISITIONS

During  the  second  quarter of 2000, Global  completed  the
acquisition  of AK Drilling, Inc. and Stothert  Group,  Inc.
Both acquisitions are recorded using the purchase method  of
accounting under the provisions of APB Opinion No. 16.

On  April 6, 2000, the Company completed its acquisition  of
AK  Drilling,  Inc.,  a  company  engaged  in  the  contract
drilling for minerals and water.  According to the terms  of
this  acquisition, the Company acquired all of  the  capital
stock  of  AK  Drilling, Inc. for a total  consideration  of
$1,150,000 in cash plus 1,000,000 shares of common stock  of
the  Company  valued at $0.64 per share (fair value  at  the
acquisition  date).  At December 31, 2000, $768,000  of  the
cash portion of the purchase price remained unpaid.

On  April 26, 2000, the Company completed its acquisition of
Stothert Group, Inc., an engineering firm.  According to the
terms  of this acquisition, the Company acquired all of  the
capital   stock  of  Stothert  Group,  Inc.  for   a   total
consideration  of  $814,300 in cash plus 227,000  shares  of
common stock of the Company valued at $0.88 per share  (fair
value  at  the  acquisition date).  At  December  31,  2000,
$546,300  of the cash portion of the purchase price remained
unpaid.

The  estimated fair value of assets acquired and liabilities
assumed is summarized as follows:

                           - 12 -

      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
               DECEMBER 31, 2000 AND 1999



NOTE 5 -  ACQUITISIONS (Continued)

         <TABLE>
         <S>                       <C>          <C>
                                   AK           Stothert
                                   Drilling     Group
                                   ---------    -----------
         Cash                      $(  81,018)      $ 36,729
         Accounts receivable           436,710       997,265
         Inventory                     101,432             -
         Fixed assets                2,691,344       109,660
         Other receivables               5,511             -
         Other assets                   43,093       117,414
         Accounts payable           ( 122,311)     (856,816)
         Taxes payable              (  56,352)             -
         Notes payable             (1,230,909)       (3,322)
         Deferred revenue                    -     (373,533)
         Goodwill                            -       985,642
                                   -----------    ----------
                                    $1,787,500    $1,013,039
                                   ===========    ==========
         </TABLE>

Goodwill recorded through acquisitions is $1,016,016 and  is
being   amortized  over  five  years.  Amortization  expense
recorded  in the statement of operations for the year  ended
December 31, 2000 totals $135,975.

The  operations of the acquired entities have been  included
in   the   statement  of  operations  from  the   dates   of
acquisition.

Additionally,  the Company issued 95,808  shares  of  stock,
valued  at  $143,712, to former shareholders of Stothert  to
settle accounts payable and accrued expenses.

Proforma information as if the acquisitions had occurred  at
the beginning of the periods presented is as follows:

            <TABLE>
            <S>                <C>           <C>
                                      Years ended
                                      December 31,
                                   2000          1999
                                 --------      -------
            Revenue              $7,302,584    $8,061,549
            Net loss              (420,262)     (855,433)
            Loss per share       $   (0.05)     (   0.19)
            </TABLE>


                           - 13 -
      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                DECEMBER 31, 2000 AND 1999



NOTE 6 -  PROPERTY AND EQUIPMENT

Property and equipment consist of the following:

<TABLE>
<S>                                 <C>           <C>
                                           December 31,
                                        2000          1999
                                      --------      --------
Drill Rigs                            $ 2,884,884         $  -
Auto & Trucks                             486,313            -
Equipment                                 451,081            -
Computer Equipment and Software           105,129            -
Office Equipment, Furniture
 and Fixtures                              31,693            -
Office Building                             1,735            -
                                      -----------    ---------
                                        3,960,835            -
Less: Accumulated Depreciation        (  871,374)            -
                                      -----------    ---------
Net Property and Equipment            $ 3,089,461        $   -
                                      ===========    =========
</TABLE>

Depreciation expense recorded in the statement of operations
for the years ended December 31, 2000 and 1999 was $301,629
and $0, respectively.

During the year ended December 31, 2000, equipment
aggregating $428,000 was acquired through notes payable.

NOTE 7 -  LONG-TERM DEBT

Long-term debt consists of the following:
          <TABLE>
          <S>                           <C>           <C>
                                              December 31,
                                            2000         1999
                                         ----------    --------
          FCB Consolidation              $    734,715     $    -
          FCB Trucks                           42,992          -
          FCB Operating Line                   59,889          -
          Center Capital 3                    272,768          -
          Dateline Drilling                   281,462          -
          Kettle Drilling                      33,000          -
          Security Bank                         5,160          -
          Security Bank                         5,062          -
            Total                           1,435,048          -
            Current Portion                   511,581          -
            Long-Term Portion             $   923,467     $    -
          </TABLE>

Maturities of long-term debt are as follows:
          <TABLE>
          <S>                        <C>
          2001                          $  511,581
          2002                             350,272
          2003                             270,175
          2004                             207,915
          2005 and thereafter               95,105
                                        ----------
                                        $1,435,048
                                        ==========
          </TABLE>

                           - 14 -
      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLDATED FINANCIAL STATEMENTS
                 DECEMBER 31, 2000 AND 1999

NOTE 7 -   LONG-TERM DEBT (Continued)

The  Company is obligated to First Citizens Bank under a 60-
month  promissory  note  dated September  30,  1999  in  the
principal  amount  of $944,030.  The FCB consolidation  loan
was set up in 1999 to consolidate several capitalized leases
along  with other notes payable so as to lower the  interest
rate.  The note bears interest at a fixed rate of 8.25%  per
year  with  monthly payments of $19,253, and will  be  fully
repaid  as  of August 2004.  The balance due as of  December
31, 2000 was $734,715.

The  Company is obligated to First Citizens Bank under a 60-
month promissory note dated January 4, 1999 in the principal
amount of $65,165.  The note bears interest at a fixed  rate
of  7.75%  per  year with monthly payments of  $1,314.   The
balance due as of December 31, 2000 was $42,992.

The  First  Citizens Bank Operating Line was established  in
2000 and is for a maximum amount of $100,050.  The Operating
Line   is  secured  by  all  unsecured  inventory,  accounts
receivable  and  equipment.  The loan bears  interest  at  a
fixed  rate  of  9.25%  per year.  The  balance  due  as  of
December  31,  2000  was  $59,889.   The  due  date  of  the
Operating Line is August 2001.

The  Center  Capital loan is from the purchase  of  Foremost
drilling  rigs in August of 1999.  This loan bears  interest
of  9.0%  per  year, and is payable in monthly  installments
totaling  $61,680 per year.  The balance due as of  December
3,1  2000  was  $272,768, and will be  fully  repaid  as  of
September  2006.   This  loan is secured  by  liens  on  the
drilling rigs and other equipment.

The Company is obligated to Kettle Drilling under a 12-month
promissory note dated December 2000, in the principal amount
of  $33,000.   Payments  of $2,750  per  month  commence  in
January 2001, and no interest has been paid or accrued as of
December  31,  2000, in accordance with  the  terms  of  the
promissory  note.  The note is non-interest  bearing  unless
payments are late, in which case interest is due on the late
payment amount at 18% per year.

The  Company is obligated to Security Bank under a  60-month
promissory  note  dated November 7, 1996  in  the  principal
amount of $24,086.  The note bears interest at a fixed  rate
of 7.5% per year with monthly payments of $485.  The balance
due as of December 31, 2000 was $5,160.

The  Company is obligated to Security Bank under a  60-month
promissory note dated April 23, 1996 in the principal amount
of  $49,103.   The note bears interest at a  fixed  rate  of
8.75% per year with monthly payments of $1,020.  The balance
due as of December 31, 2000 was $5,062.

                           - 15 -
      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLDIATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999


NOTE 8 -  COMMITMENTS AND CONTINGENCIES

Operational Leases
AK  Drilling rents on-site office and living quarters  on  a
per-job basis.  The terms of the leases range from a  month-
to-month to a maximum of a 6-month lease.

Stothert  leases  premises under an  operating  lease  which
expires  in  2005.   The  aggregate  minimum  annual  rental
payments over the next five years are CAD $252,000 per year.

Rent  expenses  included in the statement of operations  for
the  year ended December 31, 2000 and 1999 was $150,916  and
$0, reprectively.

Stothert  has issued standby letters of credit totaling  CAD
$211,800 relating to contracts that are already completed or
will  be completed in 2000.  These standby letters of credit
will expire on December 31, 2002.

     Stothert is currently involved in a dispute with a
customer regarding the provision of services. The dispute is
being handled by Stothert's professional liability insurers.
Negotiations are in progress to settle the claim within the
insurance policy limits.

NOTE 9 - INVESTMENTS

Stothert invested CAD $160,000 in 160,000 non-voting
preferred shares of Lakes Ranch Ltd. on August 30, 1996.
Lakes Ranch Ltd. is owned and controlled by a shareholder of
the Company.

Global exercised an option to acquire 28% of Sharpshooter
Resources, Inc., from a shareholder, on January 11, 2000.
This acquisition was valued at the shareholder's historical
cost basis of $225,000.  During the year, the recoverability
of this investment became impaired and the Company sold its
share and any recoverability thereon to a related party for
forgiveness of $50,000 of advances received from that party,
and the right to receive 25% of any net increases from this
investment.

NOTE 10 -      GEOGRAPHIC AREAS AND INDUSTRY SEGMENTS

The Company currently operates in two principal segments,
engineering services and contract drilling.

The Company's foreign operations are conducted by Global,
Stothert and AK International.


                           - 16 -
      GLOBAL INDUSTRIAL SERVICES INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2000 AND 1999

NOTE 10 -   GEOGRAPHIC AREAS AND INDUSTRY SEGMENTS
(Continued)

For the period ended December 31,:

          <TABLE>
          <S>                              <C>
          Revenues from external
          customers
            Drilling                             $ 2,978,558
            Engineering                            2,440,681
                                                 -----------
                                                 $ 5,419,239
                                                 ===========

          Interest expense:
            Drilling                             $   131,996
            Engineering                                    -
                                                 -----------
                                                 $   131,996
                                                 ===========

          Depreciation and amortization:
            Drilling                             $   328,004
            Engineering                              109,600
                                                 -----------
                                                 $   437,604
                                                 ===========

          Segment profit (loss) before
          taxes:
            Drilling                             $   263,603
            Engineering                               88,327
            Corporate                            (1,146,209)
                                                 -----------
                                                 $ (794,279)
                                                 ===========

          Segment assets:
            Drilling                             $ 3,711,253
            Engineering                            1,616,514
            Corporate                                 37,446
                                                 -----------
                                                 $ 5,365,213
                                                 ===========
          </TABLE>

The  following  geographic area data for trade  revenues  is
based  on product or service delivery location and property,
plant, and equipment is based on physical location.

          <TABLE>
          <S>                           <C>
          Revenues from external
          customers:
            United States                   $ 2,415,074
            Canada                            2,440,681
            Peru                                563,484
                                            -----------
                                            $ 5,419,239
                                            ===========
          Segment assets:
            United States                   $ 3,127,800
            Canada                            1,653,960
            Peru                                583,453
                                            -----------
                                            $ 5,365,213
                                            ===========
          </TABLE>

                           - 17 -




ITEM 8.   CHANGES  IN AND DISAGREEMENTS WITH ACCOUNTANTS  ON
          ACCOUNTING AND FINANCIAL DISCLOSURE.

There  have  been  no changes in or disagreements  with  the
Company's  accountants since the formation  of  the  Company
required  to be disclosed pursuant to Item 304 of Regulation
S-B.

                          PART III

ITEM 9.   DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS,   AND
          CONTROL PERSONS

Terry A. Kirby, 53,Chairman of the Board

Terry   Kirby  is  a  marketing  and  corporate  development
specialist  who  focuses  on  strategic  alliances   through
mergers and acquisitions.  Since 1996, Mr. Kirby has been  a
key  management  figure  in  the  electronic  identification
industry,  and  is currently Chairman and CEO of  Electronic
Identification  Inc..   In addition  to  operating  his  own
businesses, Mr. Kirby was selected as Director of  Corporate
Sponsorship for the hugely successful 1986 World  Exposition
held  in  Vancouver,  Canada  EXPO '86.   Terry  utilizes  a
wealth of international business contacts to bring substance
and strength to each and every undertaking.

Reg D. Berry, 57, Managing Director

Reg  Berry  is  an Alberta-based businessman with  extensive
experience   in   commercial  real  estate  brokerage,   the
investment  industry  and  investment  banking.   He  is   a
graduate of the University of Saskatchewan and has completed
merchant banking and commercial real estate transactions  in
excess of $750 million.

He  is president of R.D. Berry Consulting, Inc. and his  own
private  investment holding company. Mr.  Berry  is  also  a
recipient  of  the  Governor General of Canada's  award  for
community service for his volunteer work with the  YMCA  and
other organizations.

Winston D. Stothert, 78, President of Engineering Division

Mr.  Stothert  is  the President and CEO of  Stothert  Group
Inc., an engineering and management-consulting firm.  He has
experience  in  the management of large scale  manufacturing
operations   and  in  design,  construction,  start-up   and
financial   control  for  major  projects  with   particular
emphasis  in  chemicals manufacturing, pulp and paper,  wood
products processing, electric power and shipping terminals.

Through his management and ownership of Stothert Group Inc.,
Winston   Stothert   is  experienced  in   conducting   pre-
engineering,  site  investigations,  environmental  studies,
financial    planning,   market   research,   project    and
construction   management,  training   and   start-up,   and
operations management.  Projects have been undertaken across
Canada  and  in more than 60 other countries.  Mr.  Stothert
holds  a  Bachelor of Science degree from the University  of
Alberta and Master of Science degree from the University  of
Toronto.

ITEM 10.  EXECUTIVE COMPENSATION

The Company at this time has not entered into any employment
contracts.   It is the intention of GBSV to offer  contracts
to  key  senior management that will encourage  loyalty  and
long  term  commitment  to  this  industrial  consolidation.
Emphasis  will be placed on recruiting individuals who  will
bring  the  most  immediate impact to the  operations  while
fully  committing to the GBSV core value foundation.  Senior
management  of  GBSV will be compensated on a  market  value
basis  for day to day operations of the company.  Management
will  also be encouraged by success-fee compensation through
stock  options.  This portion of the compensation base  will
be  individually  designed for the specific  individual  and
will  reward  and  recognize  outstanding  achievement   and
contribution to the success of GBSV and for value  generated
for its shareholders.

ITEM 11.  SECURITY  OWNERSHIP OF CERTAIN  BENEFICIAL  OWNERS
          AND MANAGEMENT.

The following table sets forth each person known to the
Company, as of April 16, 2001, to be a beneficial owner of
five percent (5%) or more of the Company's common stock, by
the Company's directors individually, and by all of the
Company's directors and executive officers as a group.

                                            Amount and
                                            Nature of
              Name and Address              Beneficial   Percent of
Title of      of Beneficial Owner           Ownership       Class
Class

Common        Anthony King                    1,000,000      10.31%
              2312 S. Colorado
              Butte, MT 59701
              Terry Kirby                     3,461,538      35.70%
Common        1200 W. Pender St., Suite
              411
              Vancouver, BC  Canada V6E
              2S9
Common        Stuart Brazier (1)                216,667       2.23%
              Lot 77
              Parc De La Baie Oriental
              St Martin French
              West Indies
Common        PTC Finance Ltd. (1)              600,000       6.19%
              c/o 1200 W. Pender St.
              Vancouver, BC V6E 2S9
Common        Total Beneficial Owners         5,278,205      54.43%
              of 5% or more

(1)  Stuart  Brazier  is the principle  shareholder  of  PTC
Finance  Ltd. Together with his shares, Mr. Brazier,  either
directly  or indirectly, holds 816,667 shares of the  common
stock  of  the Company, which represents 8.42% of the  total
issued and outstanding shares as of April 16, 2001.

ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Winston Stothert is the President and CEO of Stothert Group,
Inc., which is a subsidiary of the Company. Mr. Stothert  is
also  the  President  of  the engineering  division  of  the
Company.

ITEM 13.  EXHIBITS.

EXHIBITS

     3.1      Articles of Incorporation

     3.2      Certificate   of  Amendment  to  Articles   of
               Incorporation

     3.3      By-laws

     21       Subsidiaries
               Stothert Group, Inc.
               AK Drilling, Inc.
                         SIGNATURES

In  accordance  with Section 13 or 15(d) of  the  Securities
Exchange Act, the Registrant caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
                           Global Industrial Services, Inc.


                           By: /s/ Terry Kirby
                              Terry Kirby, President

                           Date: April 17, 2001