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

                                   FORM 10-QSB

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

                For the Quarterly Period Ended September 30, 2003

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

              For the transition period from _________ to _________

                         Commission File Number: 0-25963

                              GPS INDUSTRIES, INC.
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)

                  Nevada                               88-0350120
       -------------------------------           ----------------------
       (State or other jurisdiction of          (I.R.S. Employer
       incorporation or organization)                 Identification Number)

    5500 - 152nd Street, Suite 214, Surrey, British Columbia, Canada V3S-8E7
    ------------------------------------------------------------------------
                    (Address of principal executive offices)

                    Issuer's telephone number: (604) 576-7442

                       Inforetech Wireless Technology Inc.
               ---------------------------------------------------
              (Former name, former address and former fiscal year,
                         if changed since last report.)


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

As of September 30, 2003, the Company had 99,198,493 shares of Class A common
stock issued and outstanding.

Transitional Small Business Disclosure Format:  Yes [ ]  No [X]

Documents incorporated by reference:  None.


<PAGE>

                      GPS INDUSTRIES, INC. AND SUBSIDIARIES

                                      INDEX




PART I.   FINANCIAL INFORMATION

  Item 1.  Financial Statements

         Condensed Consolidated Balance Sheets - September 30, 2003 (Unaudited)
             and December 31, 2002

         Condensed Consolidated Statements of Operations (Unaudited)
             - Three Months and Nine Months Ended September 30, 2003 and 2002

         Condensed Consolidated Statements of Cash Flows (Unaudited)
             - Nine Months Ended September 30, 2003 and 2002

         Notes to Condensed Consolidated Financial Statements (Unaudited)
             - Three Months and Nine Months Ended September 30, 2003 and
               2002

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

  Item 3.  Controls and Procedures


PART II.  OTHER INFORMATION

  Item 2.  Changes in Securities and Use of Proceeds

  Item 3.  Defaults Upon Senior Securities

  Item 6.  Exhibits and Reports on Form 8-K


SIGNATURES






                                       2

<PAGE>



                      GPS Industries, Inc. and Subsidiaries
                      Condensed Consolidated Balance Sheets


                                         September 30,    December 31,
                                             2003             2002
                                          -----------     ------------
                                          (Unaudited)

ASSETS

Current assets:
  Cash                                  $       -        $      66,852
  Accounts receivable                           -                2,018
  Inventories                                568,704           130,056
  Prepaid expenses and other
    current assets                            21,629            59,764
                                         -----------       -----------
Total current assets                         590,333           258,690
                                         -----------       -----------

Property and equipment                       351,342           321,877
Less:  Accumulated depreciation             (281,550)         (246,301)
                                         -----------       -----------
                                              69,792            75,576
                                         -----------       -----------
Total assets                           $     660,125     $     334,266
                                         ===========       ===========





                                   (continued)
                                        3

<PAGE>


                      GPS Industries, Inc. and Subsidiaries
                Condensed Consolidated Balance Sheets (continued)


                                         September 30,    December 31,
                                             2003             2002
                                          -----------     ------------
                                          (Unaudited)

LIABILITIES

Current liabilities:
  Bank line of credit                    $ 1,059,721     $         -
  Bank loan payable                           38,140           69,094
  Loan payable (in default)                1,185,000        1,185,000
  Accounts payable and accrued
    liabilities                            2,565,280        2,292,372
  Promissory notes payable                    25,573           50,902
  Promissory notes payable -
    related parties                          382,495          683,759
  Convertible loans payable                  341,543          470,895
  Convertible loans payable -
    related parties                          227,969          262,607
                                          ----------       ----------
                                           5,825,721        5,014,629
                                          ----------       ----------
  Liabilities related to
    discontinued operations
    (Chapter 7 proceedings
    filed in 2002) -
      Debt guaranteed                      1,118,000        1,118,000
      Promissory notes payable             1,569,567        1,569,567
      Accounts payable and
        accrued liabilities                2,253,790        2,253,790
      Loans payable to related
        parties                              258,000          258,000
      Capital lease obligations
        (in default)                          29,467           29,467
                                          ----------       ----------
                                           5,228,824        5,228,824
                                          ----------       ----------
Total current liabilities                 11,054,545       10,243,453
                                          ----------       ----------

Non-current liabilities:
  Convertible debt payable                 1,870,000        1,703,317
                                          ----------       ----------











                                   (continued)
                                       4
<PAGE>

                      GPS Industries, Inc. and Subsidiaries
                Condensed Consolidated Balance Sheets (continued)


                                         September 30,    December 31,
                                             2003             2002
                                          -----------     ------------
                                          (Unaudited)

STOCKHOLDERS' DEFICIENCY

Stockholders' deficiency:
Preferred stock, $0.001 par value -
    Authorized - 25,000,000 shares
    Issued and Outstanding - None               -                -
Common stock, $0.001 par value -
    Authorized - 250,000,000 shares
    Issued and Outstanding -
    99,198,493 shares and 77,472,467
    shares at September 30, 2003 and
    December 31, 2002, respectively           99,198           77,472
Accumulated other comprehensive income       722,295          722,295
Additional paid-in capital                20,845,841       19,220,976
Accumulated deficit                      (33,892,754)     (31,633,247)
                                          ----------       ----------
Total stockholders' deficiency           (12,225,420)     (11,612,504)

Less:  Deferred financing costs              (39,000)            -
                                          ----------       ----------
Net stockholders' deficiency             (12,264,420)     (11,612,504)
                                          ----------       ----------
Total liabilities and
  stockholders' deficiency               $   660,125      $   334,266
                                          ==========       ==========
























     See accompanying notes to condensed consolidated financial statements.

                                       5


<PAGE>


                      GPS Industries, Inc. and Subsidiaries
           Condensed Consolidated Statements of Operations (Unaudited)


                                         Three Months Ended September 30,
                                         --------------------------------
                                             2003              2002
                                           ---------         ---------

Operating expenses:
  Selling and marketing expenses           $  30,003         $    -
  General and administrative                 503,541           114,956
  Depreciation and amortization               12,000            25,000
                                             -------           -------
  Total costs and expenses                   545,544           139,956
                                             -------           -------
Loss from operations                        (545,544)         (139,956)
                                             -------           -------
Other expense:
  Interest expense                          (202,671)         (370,000)
  Finance costs                              (13,000)         (100,000)
                                             -------           -------
  Total other expense                       (215,671)         (470,000)
                                             -------           -------
Net loss                                   $(761,215)        $(609,956)
                                             =======           =======
Net loss per common share -
  basic and diluted                           $(0.01)           $(0.01)
                                                ====              ====
Weighted average common
  shares outstanding -
  basic and diluted                       99,198,793        49,310,164
                                          ==========        ==========























     See accompanying notes to condensed consolidated financial statements.

                                       6
<PAGE>

                      GPS Industries, Inc. and Subsidiaries
           Condensed Consolidated Statements of Operations (Unaudited)


                                         Nine Months Ended September 30,
                                         -------------------------------
                                             2003              2002
                                           ---------         ---------

Operating expenses:
  Selling and marketing expenses         $    60,014       $      -
  General and administrative               1,777,897           932,936
  Research and development                      -               10,599
  Depreciation and amortization               61,395            68,316
                                           ---------         ---------
  Total costs and expenses                 1,899,306         1,011,851
                                           ---------         ---------
Loss from operations                      (1,899,306)       (1,011,851)
                                           ---------         ---------
Other expense:
  Interest expense                          (296,871)         (694,317)
  Finance costs                              (63,331)         (227,789)
                                           ---------         ---------
Total other expense                         (360,202)         (922,106)
                                           ---------         ---------
Net loss                                 $(2,259,508)      $(1,933,957)
                                           =========         =========

Net loss per common share -
  basic and diluted                           $(0.03)           $(0.04)
                                                ====              ====
Weighted average common
  shares outstanding -
  basic and diluted                       88,104,358        43,917,576
                                          ==========        ==========

















     See accompanying notes to condensed consolidated financial statements.

                                       7
<PAGE>

                      GPS Industries, Inc. and Subsidiaries
           Condensed Consolidated Statements of Cash Flows (Unaudited)


                                              Nine Months Ended September 30,
                                              -------------------------------
                                                  2003            2002
                                                ---------       ---------

Cash flows from operating activities:
Net loss                                      $(2,259,508)    $(1,933,957)
Adjustments to reconcile net loss
  to net cash used in operating
  activities:
  Depreciation and amortization                    61,395          67,249
  Loss on removal of course equipment                -             (1,932)
  Issuance of securities for financing
    costs                                          63,331            -
  Interest payable converted into
    common stock                                   26,193            -
  Inventory impairment                            103,818            -
  Stock-based compensation                        983,133          99,577
  Accretion of benefit related to
    convertible debt                                 -            170,000
  Amortization of finance costs                      -            100,000
  Changes in operating assets and
    liabilities:
    (Increase) decrease in:
      Accounts receivable                           2,018           -
      Inventories                                (438,648)         (2,391)
      Investment in leases                           -            (11,520)
      Prepaid expenses and other
        current assets                             38,135          31,850
    Increase in:
      Accounts payable and
        accrued liabilities                        14,908       1,251,015
                                                ---------       ---------
Net cash used in operating activities          (1,405,225        (230,109)
                                                ---------       ---------




















                                   (continued)

                                       8
<PAGE>


                      GPS Industries, Inc. and Subsidiaries
     Condensed Consolidated Statements of Cash Flows (Unaudited) (continued)


                                              Nine Months Ended September 30,
                                             -------------------------------
                                                  2003            2002
                                                ---------       ---------

Cash flows from investing activities:
  Purchase of property and equipment          $   (20,659)    $   (28,268)
                                                ---------       ---------
Net cash used in investing activities             (20,659)        (28,268)
                                                ---------       ---------

Cash flows from financing activities:
  Common stock issued for cash                       -             50,000
  Repayments of loans                             (30,954)        (11,758)
  Repayments of loans from related parties        (77,902)           -
  Repayment of promissory note                    (25,329)
  Proceeds from bank borrowings                 1,059,721         157,048
  Proceeds from convertible loans                 433,496           -
                                                ---------       ---------
Net cash provided by financing activities       1,359,032         195,290
                                                ---------       ---------

Effect of exchange rate on cash                      -             62,974

Cash:
  Net decrease                                    (66,852)           (113)
  At beginning of period                           66,852             113
                                                ---------       ---------
  At end of period                            $     -         $       -
                                                =========       =========
























     See accompanying notes to condensed consolidated financial statements.

                                       9
<PAGE>

                      GPS Industries, Inc. and Subsidiaries
        Notes to Condensed Consolidated Financial Statements (Unaudited)
         Three Months and Nine Months Ended September 30, 2003 and 2002


1.  Organization and Basis of Presentation

Basis of Presentation - The condensed  consolidated financial statements include
the operations of GPS Industries, Inc. (formerly Inforetech Wireless Technology,
Inc.)  and  its  wholly-owned  subsidiaries  (the  "Company").  All  significant
intercompany transactions and balances have been eliminated in consolidation.

Effective September 30, 2003, pursuant to a written consent of a majority of the
Company's stockholders, the Company amended its Articles of Incorporation to
change its name to GPS Industries, Inc., to increase the authorized shares of
common stock from 100,000,000 shares to 250,000,000 shares, to authorize
25,000,000 shares of preferred stock, and to eliminate the dual classes of
common stock. The elimination of the dual classes of common stock has been
reflected in the Company's consolidated financial statements at September 30,
2003, and did not have any effect on the Company's consolidated results of
operations, financial position or cash flows.

The interim condensed consolidated financial statements are unaudited, but in
the opinion of management of the Company, contain all adjustments, which include
normal recurring adjustments, necessary to present fairly the financial position
at September 30, 2003, the results of operations for the three months and nine
months ended September 30, 2003 and 2002, and the cash flows for the nine months
ended September 30, 2003 and 2002. The consolidated balance sheet as of December
31, 2002 is derived from the Company's audited financial statements.

Certain information and footnote disclosures normally included in financial
statements that have been presented in accordance with generally accepted
accounting principles have been condensed or omitted pursuant to the rules and
regulations of the Securities and Exchange Commission with respect to interim
financial statements, although management of the Company believes that the
disclosures contained in these financial statements are adequate to make the
information presented therein not misleading. For further information, refer to
the consolidated financial statements and notes thereto included in the
Company's Annual Report on Form 10-KSB for the fiscal year ended December 31,
2002, as filed with the Securities and Exchange Commission.

Business - The Company is involved in the development of golf course management
technology. The Company has developed a hand-held product using Global
Positioning Satellite ("GPS") technology. At September 30, 2003 and December 31,
2002, substantially all of the Company's assets and operations were located in
Canada.

The Company has not recognized any revenues from the sale of its GPS systems
through September 30, 2003. The Company expects to recognize revenue in the
future only when persuasive evidence of an arrangement exists, delivery has
occurred, the sales price is fixed or determinable, and collectibility is
probable. When other significant obligations remain after products are
delivered, revenue will be recognized only after such obligations are fulfilled.

During the three months ended December 31, 2002, the Company's wholly-owned
subsidiary, Inforetech Golf Technology 2000 Inc., ceased operations and filed a
petition for relief under Chapter 7 of the United States Bankruptcy Code on
December 19, 2002, which was subsequently granted (see Note 3).

The Company acquired 100% of the equity of ProShot Golf Inc. ("ProShot") on
January 12, 2001. ProShot was a California-based company involved in the
manufacture, marketing, leasing and installation of an integrated GPS system
that was installed directly on golf courses and provided golfers with yardage
readings and potential shot options from any location on a golf course. During
the three months ended December 31, 2001, ProShot ceased operations and filed a
petition for relief under Chapter 7 of the United States Bankruptcy Code on May
31, 2002, which was subsequently granted (see Note 3).

As a result of these Chapter 7 bankruptcy filings, the liabilities of such
discontinued subsidiaries have been classified as liabilities of discontinued
operations in the accompanying financial statements.

                                       10
<PAGE>

The results of operations for the three months and nine months ended September
30, 2003 are not necessarily indicative of the results of operations to be
expected for the full fiscal year ending December 31, 2003.

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

Reclassification - Certain amounts have been reclassified in 2002 to conform to
the presentation in 2003.

Going Concern - The consolidated financial statements have been prepared
assuming that the Company will continue as a going concern, which contemplates
the realization of assets and the satisfaction of liabilities in the normal
course of business. The carrying amounts of assets and liabilities presented in
the consolidated financial statements do not purport to represent the realizable
or settlement values. The Company has incurred significant losses and had a
working capital deficit at September 30, 2003 and December 31, 2002. The
commercialization of the Company's technology is dependent on the Company's
ability to successfully finance its cash requirements through a combination of
equity financings and payments from potential strategic partners. The Company's
independent certified public accountants, in their independent auditors' report
on the consolidated financial statements as of and for the year ended December
31, 2002, have expressed substantial doubt about the Company's ability to
continue as a going concern.

The Company is attempting to restructure its debt obligations and raise new
capital. To the extent that the Company is unable to successfully restructure
its debt obligations and/or obtain the capital necessary to fund its future cash
requirements on a timely basis and under acceptable terms and conditions, the
Company will not have sufficient cash resources to maintain operations, and may
consider a formal or informal restructuring or reorganization.

Foreign Currency Translation - Assets and liabilities of subsidiaries in foreign
countries are translated into United States dollars using the exchange rate in
effect at the balance sheet date or the historical rate, as applicable. Results
of operations are translated using the average exchange rates prevailing
throughout the period. The effects of exchange rate fluctuations on translating
foreign currency assets and liabilities into United States dollars are included
in stockholders' deficiency as accumulated other comprehensive income, while
gains and losses resulting from foreign currency transactions are included in
operations.

Net Loss Per Common Share - Basic loss per common share is calculated by
dividing net loss by the weighted average number of common shares outstanding
during the period. Diluted loss per common share reflects the potential dilution
that would occur if dilutive stock options and warrants were exercised. These
potentially dilutive securities were not included in the calculation of loss per
share for the periods presented because the Company incurred a loss during such
periods and thus their effect would have been anti-dilutive. Accordingly, basic
and diluted loss per common share is the same for all periods presented.

Stock-Based Compensation - The Company periodically issues shares of common
stock for services rendered or for financing costs. Such shares are valued based
on the market price on the transaction date.

The Company periodically issues stock options and warrants to employees and
non-employees in non-capital raising transactions for services and for financing
costs.

The Company has adopted Statement of Financial Accounting Standards ("SFAS") No.
123, "Accounting for Stock-Based Compensation", which establishes a fair value
method of accounting for stock-based compensation plans.

                                       11
<PAGE>

The provisions of SFAS No. 123 allow companies to either record an expense in
the financial statements to reflect the estimated fair value of stock options or
warrants to employees, or to continue to follow the intrinsic value method set
forth in Accounting Principles Board Opinion No. 25, "Accounting for Stock
Issued to Employees", but to disclose on an annual basis the pro forma effect on
net income (loss) and net income (loss) per common share had the fair value of
the stock options and warrants been recorded in the financial statements. SFAS
No. 123 was amended by SFAS No. 148, which now requires companies to disclose in
interim financial statements the pro forma effect on net income (loss) and net
income (loss) per common share of the estimated fair market value of stock
options or warrants issued to employees. The Company has elected to continue to
account for stock-based compensation plans utilizing the intrinsic value method.
Accordingly, compensation cost for stock options and warrants is measured as the
excess, if any, of the fair market price of the Company's common stock at the
date of grant above the amount an employee must pay to acquire the common stock.

In accordance with SFAS No. 123, the cost of stock options and warrants issued
to non-employees is measured at the grant date based on the fair value of the
award. The fair value of the stock-based award is determined using the
Black-Scholes option pricing model. The resulting amount is charged to expense
on the straight-line basis over the period in which the Company expects to
receive benefit, which is generally the vesting period.


2.  Short-Term Loans

In February 2001, the Company received a $1,185,000 loan with interest at LIBOR
plus 1% per annum payable semi-annually. The payments due August 1, 2001 and
subsequently have not made. The loan matures on February 28, 2006, but can be
extended for a period of two years, upon the payment of a fee of $11,850. The
loan is collateralized by 2,044,000 shares of the Company's common stock, which
were loaned to the Company by a number of its shareholders. A finder's fee of
$47,400 was deducted from the initial amount paid to the Company. A further
finder's fee of $47,400 is payable to a third party and has not been paid. The
Company is in default in its obligations with respect to this loan. As a result,
the Company has classified this loan as a current liability in the accompanying
financial statements. The Company is attempting to renegotiate the terms of this
loan, although there can be no assurances that the Company will be successful in
this regard.

Effective June 27, 2003, the Company obtained a bank line of credit for
$1,425,000 to fund its operations. As of September 30, 2003, the Company had
borrowed $1,059,721 under this line of credit. The line of credit bears interest
at prime plus 0.5%, is repayable in full on demand and is secured by a one year
standby bank letter of credit for $1,500,000 that was provided by a third party,
Hansen Inc. As consideration for providing the standby bank letter of credit,
the Company issued to Hansen Inc. a common stock purchase warrant to purchase
1,000,000 shares of the Company's common stock, exercisable $0.10 per share (a
15% discount to the market price) for a period of three years. The fair value of
this common stock purchase warrant, calculated pursuant to the Black-Scholes
option pricing model, was determined to be $52,000, which is being charged to
operations over the twelve month period beginning July 2003 and ending June
2004. Accordingly, $13,000 was charged to operations as finance costs for the
three months ended September 30, 2003.

3.  Liabilities Related to Discontinued Operations

During the three months ended December 31, 2002, the Company's wholly-owned
subsidiary, Inforetech Golf Technology 2000 Inc., ceased operations and filed a
petition for relief under Chapter 7 of the United States Bankruptcy Code on
December 19, 2002, which was subsequently granted.

The Company has recorded accounts payable and accrued liabilities of $1,199,540
with respect to this discontinued operation, which are included in liabilities
related to discontinued operations in the accompanying condensed consolidated
balance sheets.

                                       12
<PAGE>

The Company acquired 100% of the equity of ProShot Golf Inc. ("ProShot") on
January 12, 2001. ProShot was a California-based company involved in the
manufacture, marketing, leasing and installation of an integrated GPS system
that was installed directly on golf cours and provided golfers with yardage
readings and potential shot options from any location on a golf course. During
the three months ended December 31, 2001, ProShot ceased operations and filed a
petition for relief under Chapter 7 of the United States Bankruptcy Code on May
31, 2002, which was subsequently granted.

In conjunction with the ProShot transaction, the Company has recorded aggregate
guarantees outstanding of $1,118,000, consisting of $1,000,000 of bank debt
guaranteed and an additional $118,000 of debt guaranteed personally by a
director of the Company. In addition, the Company has recorded loans payable to
related parties of $258,000, promissory notes payable of $1,569,567 and accounts
payable and accrued liabilities of $1,054,250. All such liabilities are included
in liabilities related to discontinued operations in the accompanying condensed
consolidated balance sheets.

4.  Legal Proceedings

At September 30, 2003, the Company was involved in the following legal
proceedings:

(a) The Company has been threatened by potential litigation from its previous
auditors for an amount of approximately $100,000, which is included in accounts
payable. A settlement agreement has been reached with them whereby $55,000 of
the debt has been settled with post-dated checks with the agreement that further
negotiations will take place before any action is taken on the remainder.

(b) Lawsuits have been threatened by certain investors who guaranteed certain
ProShot bank debt alleging, among other things, that the Company failed to issue
shares of the Company's common stock to the guarantors. The Company is
evaluating this matter.

(c) La Jolla Cove Investors, Inc. has received a judgment against the Company
for $118,174, of which the Company has paid $25,329. The Company is in
negotiations to settle this judgment.

(d) The Company's wholly-owned subsidiary, IGT, is a defendant in a number of
lawsuits principally arising from vendor debt, which in the aggregate are not
material or for which a provision has been recorded. Both IGT and ProShot have
filed Chapter 7 petitions under the United States Bankruptcy Code.

5. Capital Stock Transactions

Three Months and Nine Months Ended September 30, 2003:

On January 7, 2003, the Company issued 250,000 shares of common stock to a
former employee of the Company, Robert Silzer, Jr., valued at market value of
$10,000 as part of a severance package, which was charged to operations a
general and administrative expense during the six months ended June 30, 2003.
Robert Silzer, Jr. is the son of the Company's Chief Executive Officer, Robert
Silzer, Sr.

On February 1, 2003, the Company issued 250,000 shares of common stock valued at
$10,000 to Rick Horrow for services rendered.

On March 14, 2003, the Company issued 250,000 shares of common stock valued at
$15,000 to Rick Horrow for services rendered.

On February 1, 2003, the Company issued 617,528 shares of common stock to The
Shaar Fund Ltd. for principal and accrued interest of $20,000 and $316,
respectively, with respect to a $1,000,000 8% convertible debenture due November
2, 2007. On March 1, 2003, the Company issued an additional 600,294 shares of
common stock to The Shaar Fund Ltd., for principal and accrued interest of
$20,000 and $1,315, respectively, with respect to this convertible debenture.
The debenture is convertible (plus related accrued interest) into common stock
at the lesser of (i) $5.25 per share or (ii) 75% of the average of the three
lowest closing bid prices of the Company's common stock for the ten days
immediately preceding the conversion date.

On March 31, 2003, the Company issued 5,520,468 shares of common stock to
Augustine Funds, L.P. for principal and accrued interest of $127,000 and
$26,193, respectively, with respect to a $1,000,000 8% convertible debenture due
August 4, 2005. The debenture is convertible (plus related accrued interest)
into common stock common stock at the less of (i) $5.25 or (ii) 75% of the
average closing bid price of the Company's common stock for the five days
immediately preceding the conversion date.

                                       13
<PAGE>

On April 15, 2003, the Company issued 100,000 shares of common stock to David
Hodgson valued at $6,000 for serving on the Company's advisory board.

On April 15, 2003, the Company issue 2,750,000 shares of common stock valued at
$165,000 to various consultants for services rendered.

On April 15, 2003, the Company issued 250,000 shares of common stock valued at
$15,000 to Rick Horrow for services rendered.

On April 22, 2003, the Company issued 446,914 shares of common stock to The
Shaar Fund Ltd. for principal and accrued interest of $20,000 and $513,
respectively, with respect to a $1,000,000 8% convertible debenture due November
2, 2007.

On May 5, 2003, the Company issued 51,000 shares of common stock valued at
$9,690 to James Malone for services rendered.

On May 9, 2003, the Company issued 200,000 shares of common stock valued at
$38,000 for principal and accrued interest of $25,329 and $12,671, respectively,
for a partial payment on an $85,000 promissory note obligation to La Jolla
Investments.

On May 9, 2003, the Company issued 1,465,000 shares of common stock valued at
$278,350 to related parties for services rendered.

On May 9, 2003, the Company issued 700,000 shares of common stock valued at
$133,000 to related parties for services rendered.

On June 24, 2003, the Company issued 422,459 shares of common stock to the Shaar
Fund Ltd. for principal and accrued interest of $40,000 and $1,330,
respectively, with respect to a $1,000,000 8% convertible debenture due November
2, 2007.

During July 2003, the Company issued 6,000,000 shares of common stock Augustine
Funds, L.P. for principal and accrued interest of $600,000 and $10,500,
respectively, with respect to a $1,000,000 8% convertible debenture due August
4, 2005.

6.  Recent Accounting Pronouncements

In April 2002, the FASB issued SFAS No. 145,  "Rescission of FASB Statements No.
4, 44, and 64,  Amendment of FASB Statement No. 13, and Technical  Corrections".
SFAS No. 145 rescinds the  provisions of SFAS No. 4 that  requires  companies to
classify  certain gains and losses from debt  extinguishments  as  extraordinary
items,  eliminates  the  provisions  of SFAS No. 44 regarding  transition to the
Motor  Carrier Act of 1980 and amends the  provisions  of SFAS No. 13 to require
that certain lease modifications be treated as sale leaseback transactions.  The
provisions of SFAS No. 145 related to classification of debt extinguishments are
effective for fiscal years beginning after May 15, 2002. Earlier  application is
encouraged.  The adoption of SFAS No. 145 did not have a  significant  effect on
the Company's financial statement presentation or disclosures.

In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
with Exit or Disposal Activities," which requires companies to recognize costs
associated with exit or disposal activities when they are incurred rather than
at the date of a commitment to an exit or disposal plan. Such costs covered by
SFAS No. 146 include lease termination costs and certain employee severance
costs that are associated with a restructuring, discontinued operation, plant
closing, or other exit or disposal activity. SFAS No. 146 replaces the previous
accounting guidance provided by the EITF No. 94-3, "Liability Recognition for
Certain Employee Termination Benefits and Other Costs to Exit an Activity
(including Certain Costs Incurred in a Restructuring)." SFAS No. 146 is to be
applied prospectively to exit or disposal activities initiated after December
31, 2002. The adoption of SFAS No. 146 did not have a significant effect on the
Company's financial statement presentation or disclosures.

In October 2002, the FASB issued SFAS No. 147, "Acquisitions of Certain
Financial Acquisitions of Financial Institutions, Except Transactions Between or
More Mutual Enterprises". The Company does not expect that SFAS No. 147 will
have any effect on its financial statement presentation or disclosures.

                                       14
<PAGE>

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure". SFAS No. 148 amends SFAS No. 123,
"Accounting for Stock-Based Compensation", to provide alternative methods of
transition for a voluntary change to the fair value based method of accounting
for stock-based employee compensation. In addition, SFAS No. 148 amends the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both
annual and interim financial statements about the method of accounting for
stock-based employee compensation and the effect of the method used on reported
results. SFAS No. 148 is effective for fiscal years beginning after December 15,
2002. The interim disclosure provisions are effective for financial reports
containing financial statements for interim periods beginning after December 15,
2002. The adoption of SFAS No. 148 did not have a significant effect on the
Company's financial statement presentation or disclosures.

In April 2003, the FASB issued SFAS No. 149, "Amendment of Statement 133 on
Derivative Instruments and Hedging Activities". SFAS No. 149 amends and
clarifies under what circumstances a contract with an initial net investment
meets the characteristics of a derivative and when a derivative contains a
financing component. The clarification provisions of SFAS No. 149 require that
contracts with comparable characteristics be accounted for similarly. SFAS No.
149 is effective for contracts entered into or modified after June 30, 2003. The
adoption of SFAS No. 149 did not have a significant effect on the Company's
financial statement presentation or disclosures.

In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain Financial
Instruments with Characteristics of both Liabilities and Equity". SFAS No. 150
establishes standards for how an issuer classifies and measures in its statement
of financial position certain financial instruments with characteristics of both
liabilities and equity. SFAS No. 150 requires that an issuer classify a
financial instrument that is within its scope as a liability (or an asset in
some circumstances) because that financial instrument embodies an obligation of
the issuer. SFAS No. 150 is effective for financial instruments entered into or
modified after May 31, 2003 and otherwise is effective at the beginning of the
first interim period beginning after June 15, 2003. SFAS No. 150 is to be
implemented by reporting the cumulative effect of a change in accounting
principle for financial instruments created before the issuance date of SFAS No.
150 and still existing at the beginning of the interim period of adoption.
Restatement is not permitted. The adoption of SFAS No. 150 did not have a
significant effect on the Company's financial statement presentation or
disclosures.




















                                       15
<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

Cautionary Statement Pursuant to Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995:

This Quarterly Report on Form 10-QSB for the quarterly period ended September
30, 2003 contains "forward-looking" statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, including statements that include the
words "believes", "expects", "anticipates", or similar expressions. These
forward-looking statements include, among others, statements concerning the
Company's expectations regarding its working capital requirements, financing
requirements, its business, growth prospects, competition and results of
operations, and other statements of expectations, beliefs, future plans and
strategies, anticipated events or trends, and similar expressions concerning
matters that are not historical facts. The forward-looking statements in this
Quarterly Report on Form 10-QSB for the quarterly period ended September 30,
2003 involve known and unknown risks, uncertainties and other factors that could
cause the actual results, performance or achievements of the Company to differ
materially from those expressed in or implied by the forward-looking statements
contained herein.

Overview:

The Company is involved in the development of golf course management technology.
The Company has developed a hand-held product using Global Positioning Satellite
("GPS") technology. At September 30, 2003 and December 31, 2002, substantially
all of the Company's assets and operations were located in Canada.

The Company applies GPS, radio frequency and a sophisticated integrated network
of wireless technology to information systems for the golf and recreational
industries. The Company's portable product, the "Inforemer", is the first
patented communications network that utilizes advanced internet protocols to
provide a wireless information system to enhance recreational value, increase
golf course profits and improve player safety. The Company has not earned any
revenue to date from the Inforemer. The Company's objective is to obtain a
leadership position as an international supplier of GPS golf wireless products
and become the leader in hand-held portable recreational devices ("PRDs") for
applications worldwide.

The Company has not recognized any revenues from the sale of its GPS systems
through September 30, 2003. The Company expects to recognize revenue in the
future only when persuasive evidence of an arrangement exists, delivery has
occurred, the sales price is fixed or determinable, and collectibility is
probable. When other significant obligations remain after products are
delivered, revenue will be recognized only after such obligations are fulfilled.

During the three months ended December 31, 2002, the Company's wholly-owned
subsidiary, Inforetech Golf Technology 2000 Inc., ceased operations and filed a
petition for relief under Chapter 7 of the United States Bankruptcy Code on
December 19, 2002, which was subsequently granted.

The Company acquired 100% of the equity of ProShot Golf Inc. ("ProShot") on
January 12, 2001. ProShot was a California-based company involved in the
manufacture, marketing, leasing and installation of an integrated GPS system
that was installed directly on golf courses and provided golfers with yardage
readings and potential shot options from any location on a golf course. During
the three months ended December 31, 2001, ProShot ceased operations and filed a
petition for relief under Chapter 7 of the United States Bankruptcy Code on May
31, 2002, which was subsequently granted.

As a result of these Chapter 7 bankruptcy filings, the liabilities of such
discontinued subsidiaries have been classified as liabilities of discontinued
operations in the accompanying financial statements.

Going Concern:

The consolidated financial statements have been prepared assuming that the
Company will continue as a going concern, which contemplates the realization of
assets and the satisfaction of liabilities in the normal course of business. The
carrying amounts of assets and liabilities presented in the consolidated
financial statements do not purport to represent the realizable or settlement
values. The Company has incurred significant losses and had a working capital
deficit at September 30, 2003 and December 31, 2002. The commercialization of
the Company's technology is dependent on the Company's ability to successfully
finance its cash requirements through a combination of equity financings and
payments from potential strategic partners. The Company's independent certified
public accountants, in their independent auditors' report on the consolidated
financial statements as of and for the year ended December 31, 2002, have
expressed substantial doubt about the Company's ability to continue as a going
concern.

                                       16
<PAGE>

The Company is attempting to restructure its debt obligations and raise new
capital. To the extent that the Company is unable to successfully restructure
its debt obligations and/or obtain the capital necessary to fund its future cash
requirements on a timely basis and under acceptable terms and conditions, the
Company will not have sufficient cash resources to maintain operations, and may
consider a formal or informal restructuring or reorganization.

Critical Accounting Policies:

The Company prepared the consolidated financial statements in accordance with
accounting principles generally accepted in the United States of America. The
preparation of these financial statements requires the use of estimates and
assumptions that affect the reported amounts of assets and liabilities and the
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amount of revenues and expenses during the reporting
period. Management periodically evaluates the estimates and judgments made.
Management bases its estimates and judgments on historical experience and on
various factors that are believed to be reasonable under the circumstances.
Actual results may differ from these estimates as a result of different
assumptions or conditions.

The following critical accounting policies affect the more significant judgments
and estimates used in the preparation of the Company's consolidated financial
statements.

Impairment of Long-Lived Assets:

The Company's long-lived assets consist of property and equipment. In assessing
the impairment of property and equipment, the Company makes assumptions
regarding the estimated future cash flows and other factors to determine the
fair value of the respective assets. The Company did not record any impairment
charges at September 30, 2003. However, if these estimates or the related
assumptions change in the future, the Company may be required to record
impairment charges for these assets at such time.

Income Taxes:

The Company records a valuation allowance to reduce its deferred tax assets
arising from net operating loss carryforwards to the amount that is more likely
than not to be realized. In the event the Company was to determine that it would
be able to realize its deferred tax assets in the future in excess of its
recorded amount, an adjustment to the deferred tax assets would be credited to
operations in the period such determination was made. Likewise, should the
Company determine that it would not be able to realize all or part of its
deferred tax assets in the future, an adjustment to the deferred tax assets
would be charged to operations in the period such determination was made.

Results of Operations:

Three Months Ended September 30, 2003 and 2002 -

Selling and Marketing Expenses. Selling and marketing expenses were $30,003 for
the three months ended September 30, 2003. The Company did not have any selling
and marketing expenses for the three months ended September 30, 2002.

General and Administrative Expenses. General and administrative expenses were
$503,541 for the three months ended September 30, 2003, as compared to $114,856
for the three months ended September 30, 2002. This increase was attributable to
an increase in personnel, professional fees and consulting fees.

Depreciation and Amortization. Depreciation and amortization decreased by
$13,000 or 52.0% to $12,000 in 2003, as compared to $25,000 in 2002.

                                       17
<PAGE>

Loss from Operations. The loss from operations was $545,544 for the three months
ended September 30, 2003, as compared to a loss from operations of $139,956 for
the three months ended September 30, 2002.

Interest Expense. Interest expense decreased by $167,329 or 45.2% to $202,671 in
2003, as compared to $370,000 in 2002, as a result of a decrease of
interest-bearing debt.

Finance Costs. Finance costs relate to warrants issued in conjunction with the
Company's debt financings. Prior to 2003, the Company issued warrants in
conjunction with the sale of convertible debentures. The value of these warrants
is recorded as a discount on the convertible debentures and is being amortized
over the term of the respective convertible debenture. The Company issued
warrants in 2003 related to its $1,425,000 bank line of credit. The value of
these warrants was recorded as deferred financing costs and is being amortized
over the one-year term of the bank line of credit. Finance costs decreased to
$13,000 in 2003 as compared to $100,000 in 2002.

Net Loss. Net loss was $761,215 the three months ended September 30, 2003, as
compared to a net loss of $609,956 for the three months ended September 30,
2002.

Nine Months Ended September 30, 2003 and 2002 -

Selling and Marketing Expenses. Selling and marketing expenses were $60,014 for
the nine months ended September 30, 2003. The Company did not have any selling
and marketing expenses for the nine months ended September 30, 2002.

General and Administrative Expenses. General and administrative expenses
$1,777,897 in 2003, as compared to $932,936 in 2002. This increase was
attributable to an increase in personnel, professional fees and consulting fees.

Research and Development Expenses. Research and development expenses were nil
for the nine months ended September 30, 2003, as compared to $10,599 for the
nine months ended September 30, 2002. The Company has completed the development
phase for its current products.

Depreciation and Amortization. Depreciation and amortization decreased by $6,921
or 10.1% to $61,395 in 2003, as compared to $68,316 in 2002.

Loss from Operations. The loss from operations was $1,899,306 for the nine
months ended September 30, 2003, as compared to a loss from operations of
$1,011,851 for the nine months ended September 30, 2002.

Interest Expense. Interest expense decreased by $397,446 or 57.2% to $296,871 in
2003, as compared to $694,317 in 2002, as a result of a decrease in
interest-bearing debt.

Finance Costs. Finance costs relate to warrants issued in conjunction with the
Company's debt financings. Prior to 2003, the Company issued warrants in
conjunction with the sale of convertible debentures. The value of these warrants
is recorded as a discount on the convertible debentures and is being amortized
over the term of the respective convertible debenture. The Company issued
warrants in 2003 related to its $1,425,000 bank line of credit. The value of
these warrants was recorded as deferred financing costs and is being amortized
over the one-year term of the bank line of credit. Finance costs decreased to
$63,331 in 2003, as compared to $227,789 in 2002.

Net Loss. Net loss was $2,259,508 the nine months ended September 30, 2003, as
compared to a net loss of $1,933,957 for the nine months ended September 30,
2002.

Liquidity and Capital Resources - September 30, 2003:

During the last few years, the Company has relied on the proceeds from loans
from both unrelated and related parties, capital leases, and the sale of
convertible debentures and common stock to provide the resources necessary to
develop its business plan. The Company is continuing its efforts to raise new
capital during the remainder of 2003.

                                       18
<PAGE>

The Company's limited cash and working capital resources, and the uncertainty
with respect to the Company's ability to fund its operations, have raised
substantial doubt about the Company's ability to continue as a going concern
(see "Going Concern" above).

Operating Activities. The Company's operations utilized cash of $1,405,225
during the nine months ended September 30, 2003, as compared to $230,109 during
the nine months ended September 30, 2002. The increase in cash utilized in
operations in 2003 as compared to 2002 was primarily a result of an increase in
inventories and a decrease in accounts payable.

At September 30, 2003, cash decreased by $66,852 to $nil, as compared to $66,852
at December 31, 2002.

The Company had a working capital deficit of $10,394,420 at September 30, 2003,
as compared to a working capital deficit of $9,984,763 at December 31, 2002. At
September 30, 2003 and December 31, 2002, a substantial portion of the Company's
current liabilities consist of loans in default and liabilities with respect to
discontinued operations.

Investing Activities. Net cash used in investing activities was $20,659 and
$28,268 for the nine months ended September 30, 2003 and 2002, respectively,
consisting of the purchase of property and equipment.

Financing Activities. Net cash provided by financing activities was $1,359,032
for the nine months ended September 30, 2003, as compared to $195,290 for the
nine months ended September 30, 2002. During the nine months ended September 30,
2003, the Company made payments on loans of $30,954 and loans from related
parties of $77,902. During the nine months ended September 30, 2003, the Company
received proceeds from the sale of convertible loans of $433,496.

Effective June 27, 2003, the Company obtained a bank line of credit for
$1,425,000 to fund its operations. As of September 30, 2003, the Company had
borrowed $1,059,721 under this line of credit. The line of credit bears interest
at prime plus 0.5%, is repayable in full on demand and is secured by a one year
standby bank letter of credit for $1,500,000 that was provided by a third party,
Hansen Inc. As consideration for providing the standby bank letter of credit,
the Company issued to Hansen Inc. a common stock purchase warrant to purchase
1,000,000 shares of the Company's common stock, exercisable $0.10 per share (a
15% discount to the market price) for a period of three years. The fair value of
this common stock purchase warrant, calculated pursuant to the Black-Scholes
option pricing model, was determined to be $52,000, which is being charged to
operations over the twelve month period beginning July 2003 and ending June
2004. Accordingly, $13,000 was charged to operations as finance costs for the
three months ended September 30, 2003.

In February 2001, the Company received a $1,185,000 loan with interest at LIBOR
plus 1% per annum payable semi-annually. The payments due August 1, 2001 and
subsequently have not made. The loan matures on February 28, 2006, but can be
extended for a period of two years, upon the payment of a fee of $11,850. The
loan is collateralized by 2,044,000 shares of the Company's common stock, which
were loaned to the Company by a number of its shareholders. A finder's fee of
$47,400 was deducted from the initial amount paid to the Company. A further
finder's fee of $47,400 is payable to a third party and has not been paid. The
Company is in default in its obligations with respect to this loan. As a result,
the Company has classified this loan as a current liability in the accompanying
financial statements. The Company is attempting to renegotiate the terms of this
loan, although there can be no assurances that the Company will be successful in
this regard.

Recent Accounting Pronouncements:

In April 2002, the FASB issued SFAS No. 145,  "Rescission of FASB Statements No.
4, 44, and 64,  Amendment of FASB Statement No. 13, and Technical  Corrections".
SFAS No. 145 rescinds the  provisions of SFAS No. 4 that  requires  companies to
classify  certain gains and losses from debt  extinguishments  as  extraordinary
items,  eliminates  the  provisions  of SFAS No. 44 regarding  transition to the
Motor  Carrier Act of 1980 and amends the  provisions  of SFAS No. 13 to require
that certain lease modifications be treated as sale leaseback transactions.  The
provisions of SFAS No. 145 related to classification of debt extinguishments are
effective for fiscal years beginning after May 15, 2002. Earlier  application is
encouraged.  The adoption of SFAS No. 145 did not have a  significant  effect on
the Company's financial statement presentation or disclosures.

                                       19
<PAGE>

In June 2002, the FASB issued SFAS No. 146, "Accounting for Costs Associated
with Exit or Disposal Activities," which requires companies to recognize costs
associated with exit or disposal activities when they are incurred rather than
at the date of a commitment to an exit or disposal plan. Such costs covered by
SFAS No. 146 include lease termination costs and certain employee severance
costs that are associated with a restructuring, discontinued operation, plant
closing, or other exit or disposal activity. SFAS No. 146 replaces the previous
accounting guidance provided by the EITF No. 94-3, "Liability Recognition for
Certain Employee Termination Benefits and Other Costs to Exit an Activity
(including Certain Costs Incurred in a Restructuring)." SFAS No. 146 is to be
applied prospectively to exit or disposal activities initiated after December
31, 2002. The adoption of SFAS No. 146 did not have a significant effect on the
Company's financial statement presentation or disclosures.

In October 2002, the FASB issued SFAS No. 147, "Acquisitions of Certain
Financial Acquisitions of Financial Institutions, Except Transactions Between or
More Mutual Enterprises". The Company does not expect that SFAS No. 147 will
have any effect on its financial statement presentation or disclosures.

In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure". SFAS No. 148 amends SFAS No. 123,
"Accounting for Stock-Based Compensation", to provide alternative methods of
transition for a voluntary change to the fair value based method of accounting
for stock-based employee compensation. In addition, SFAS No. 148 amends the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both
annual and interim financial statements about the method of accounting for
stock-based employee compensation and the effect of the method used on reported
results. SFAS No. 148 is effective for fiscal years beginning after December 15,
2002. The interim disclosure provisions are effective for financial reports
containing financial statements for interim periods beginning after December 15,
2002. The adoption of SFAS No. 148 did not have a significant effect on the
Company's financial statement presentation or disclosures.

In April 2003, the FASB issued SFAS No. 149, "Amendment of Statement 133 on
Derivative Instruments and Hedging Activities". SFAS No. 149 amends and
clarifies under what circumstances a contract with initial investments meets the
characteristics of a derivative and when a derivative contains a financing
component. SFAS No. 149 is effective for contracts entered into or modified
after June 30, 2003. The adoption of SFAS No. 149 did not have a significant
effect on the Company's financial statement presentation or disclosures.

In May 2003, the FASB issued SFAS No. 150, "Accounting for Certain Financial
Instruments with Characteristics of both Liabilities and Equity". SFAS No. 150
establishes standards for how an issuer classifies and measures in its statement
of financial position certain financial instruments with characteristics of both
liabilities and equity. SFAS No. 150 requires that an issuer classify a
financial instrument that is within its scope as a liability (or an asset in
some circumstances) because that financial instrument embodies an obligation of
the issuer. SFAS No. 150 is effective for financial instruments entered into or
modified after May 31, 2003 and otherwise is effective at the beginning of the
first interim period beginning after September 15, 2003. SFAS No. 150 is to be
implemented by reporting the cumulative effect of a change in accounting
principle for financial instruments created before the issuance date of SFAS No.
150 and still existing at the beginning of the interim period of adoption.
Restatement is not permitted. The adoption of SFAS No. 150 did not have a
significant effect on the Company's financial statement presentation or
disclosures.

                                       20
<PAGE>

ITEM 3.  CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are designed to ensure that information
required to be disclosed in the reports filed or submitted under the Exchange
Act of 1934 is recorded, processed, summarized and reported, within the time
periods specified in the rules and forms of the Securities and Exchange
Commission. Disclosure controls and procedures include, without limitation,
controls and procedures designed to ensure that information required to be
disclosed in the reports filed under the Exchange Act of 1934 is accumulated and
communicated to management, including its principal executive and financial
officers, as appropriate, to allow timely decisions regarding required
disclosure.

The Company carried out an evaluation, under the supervision and with the
participation of the Company's management, including the Company's principal
executive and financial officer, of the effectiveness of the design and
operation of the Company's disclosure controls and procedures as of the end of
the period covered by this report. Based upon and as of the date of that
evaluation, the Company's principal executive and financial officer concluded
that the Company's disclosure controls and procedures are effective to ensure
that information required to be disclosed in the reports the Company files and
submits under the Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in the Securities and Exchange
Commission's rules and forms.

(b) Changes in Internal Controls

There were no changes in the Company's internal controls or in other factors
that could have significantly affected those controls subsequent to the date of
the Company's most recent evaluation.





















                                       21
<PAGE>


                           PART II. OTHER INFORMATION


ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

During July 2003, the Company issued 6,000,000 shares of common stock Augustine
Funds, L.P. for principal and accrued interest of $600,000 and $10,500,
respectively, with respect to a $1,000,000 8% convertible debenture due August
4, 2005.

ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

In February 2001, the Company received a $1,185,000 loan with interest at LIBOR
plus 1% per annum payable semi-annually. The payments due August 1, 2001 and
subsequently have not made. The loan matures on February 28, 2006, but can be
extended for a period of two years, upon the payment of a fee of $11,850. The
loan is collateralized by 2,044,000 shares of the Company's common stock, which
were loaned to the Company by a number of its shareholders. A finder's fee of
$47,400 was deducted from the initial amount paid to the Company. A further
finder's fee of $47,400 is payable to a third party and has not been paid. The
Company is in default in its obligations with respect to this loan. As a result,
the Company has classified this loan as a current liability in the accompanying
financial statements. The Company is attempting to renegotiate the terms of this
loan, although there can be no assurances that the Company will be successful in
this regard.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

A list of exhibits required to be filed as part of this report is set forth in
the Index to Exhibits, which immediately precedes such exhibits, and is
incorporated herein by reference.

(b) Reports on Form 8-K

Three Months Ended September 30, 2003:  None


























                                       22
<PAGE>



                                   SIGNATURES


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



                                        GPS INDUSTRIES, INC.
                                        --------------------
                                            (Registrant)



                                       /s/ ROBERT C. SILZER, SR.
Date:  November 19, 2003          By:  ___________________________
                                       Robert C. Silzer, Sr.
                                       Chief Executive Officer and
                                       Chief Financial Officer
                                       (Duly Authorized Officer
                                       and Chief Financial
                                       Officer)































                                       23
<PAGE>


                                INDEX TO EXHIBITS



Exhibit
Number    Description of Document
------    -----------------------

31      Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32      Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002























                                       24
<PAGE>