SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                AMENDMENT NO. 1
                                       OF
                                   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, 2000

         OR

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

         For the transition period from               to

Commission file number 333-41389


                             GLOBAL SOURCES LIMITED
        -----------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)


                DELAWARE                                   13-4020643
       --------------------------------                 ---------------
      (State of other jurisdiction of                (I.R.S. Employer
      incorporation or organization)                  Identification No.)

                      1055 Parsippany Boulevard, Suite 106,
                         Parsippany, New Jersey 07054 .
                     --------------------------------------
                    (Address of principal executive offices)

                                 (973) 316-0399
                (Issuer's Telephone Number, Including Area Code)

                                 Not Applicable
                        --------------------------------
              (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 registrant was required to file such reports), and(2)
has been subject to such filing requirements for the past 90 days.

Yes       No   X
   ------   -------

         State the number of shares outstanding of each of the issuer's classes
of common equity as of the latest practicable date: Common Stock, $.001 par
value per share - 10,966,999 shares outstanding as of April 26, 2001.

         Transitional Small Business Disclosure Format:

Yes       No   X
   ------   -------

<PAGE>

                             GLOBAL SOURCES LIMITED

                                      INDEX


      PART I.      FINANCIAL INFORMATION

      Item 1.      Consolidated Financial Statements

                  Consolidated   Balance   Sheets  as  of  September   30,  2000
                  (unaudited) and September 30, 1999

                  Consolidated  Statements of Income  (unaudited)  for the three
                  months ending September 30, 2000 and September 30, 1999

                  Consolidated Statement of Cash Flows (unaudited) for the three
                  months ended September 30, 2000 and September 30, 1999

                  Notes to Consolidated Financial Statements

       Item 2.    Management's  Discussion  and Analysis of Financial  Condition
                  and Results of Operations


      PART II.    OTHER INFORMATION

      Item 1.     Legal Proceedings

      Item 2.     Changes in Securities and Use of Proceeds

      Item 4.     Submission of Matters to A Vote of Security Holders

      Item 6.     Exhibits and Reports of Form 8-K

SIGNATURE

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                                                                          Page 2
<PAGE>

ITEM 1.  FINANCIAL STATEMENTS

                             GLOBAL SOURCES LIMITED

                           CONSOLIDATED BALANCE SHEETS
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                    September 30,  September 30,
                                                                        2000          1999
                                                                     -----------   -----------
                                                                     (unaudited)   (unaudited)
ASSETS

CURRENT ASSETS:
<S>                                                                  <C>          <C>
Cash and cash equivalents                                            $  178,050   $   12,685

Accounts receivable, trade, net of allowance for doubtful accounts      179,069         --
 of $0 at September 30, 2000

Advances to Company officers                                            130,608         --

Prepaid expenses and other current assets                                30,293         --
                                                                     ----------   ----------

             TOTAL CURRENT ASSETS                                       284,298       12,685
                                                                     ----------   ----------

Property and equipment, net                                              12,094         --

Intangibles, net of accumulated amortization of $325,000
     at September 30, 2000                                            2,318,816         --
                                                                     ----------   ----------

             TOTAL                                                   $2,615,208   $   12,685
                                                                     ==========   ==========
</TABLE>



   The accompanying notes are an integral part of these financial statements.
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                                                                          Page 3
<PAGE>
                             GLOBAL SOURCES LIMITED

                           CONSOLIDATED BALANCE SHEETS
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                              September 30,  September 30,
                                                                                 2000           1999
                                                                              -----------    -----------
                                                                              (unaudited)    (unaudited)
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
<S>                                                                          <C>            <C>
Accounts payable and accrued expenses                                        $ 1,098,685    $   200,900

Other liabilities                                                                 16,200

Deferred revenue                                                                 165,162

Loans payable                                                                    375,000        200,000
                                                                             -----------    -----------

             TOTAL CURRENT LIABILITIES                                         1,655,047        400,900
                                                                             -----------    -----------

STOCKHOLDERS' EQUITY (DEFICIT):

Preferred stock, $.001 par value, 20,000,000 shares authorized, -0- shares
     issued and outstanding at December 31, 2000

Common stock, $.01 par value; 10,000,000 shares authorized,                         --           55,554
     5,555,475 shares issued and outstanding at September 30, 2000

Common stock, $.001 par value, 50,000,000 shares authorized,
     10,966,999 shares issued and outstanding at September 30, 2000                9,643

Additional paid in capital                                                     7,537,634         17,500

Less: prepaid employee compensation                                             (832,000)

Accumulated deficit                                                           (5,755,116)      (461,270)

Less:  Subscribed stock                                                             --
                                                                             -----------    -----------

             TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                                960,161       (388,215)
                                                                             -----------    -----------

             Total                                                             2,615,208    $    12,685
                                                                             ===========    ===========

The accompanying notes are an integral part of these financial statements.
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                                                                          Page 4
<PAGE>

                     GLOBAL SOURCES LIMITED AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)


                                                                                   THREE MONTHS    THREE MONTHS
                                                                                       ENDING         ENDING
                                                                                     September      September
                                                                                     30, 2000        30, 1999
                                                                                   ------------    ------------

REVENUE                                                                            $    301,691    $          0
                                                                                   ------------    ------------
OPERATING EXPENSES:

             Payroll expenses                                                           105,084         190,054

                      General and administrative expenses                               137,867         123,287
                                                                                   ------------    ------------

                        Total operating expenses                                        242,951         313,341
                                                                                   ------------    ------------

                        Operating income (loss)                                          58,740        (313,341)
                                                                                   ------------    ------------

NON-OPERATING INCOME (EXPENSE):

             Interest income                                                               --              --

             Interest expense                                                            10,184           4,678
                                                                                   ------------    ------------

                        Net non-operating income (loss)                                 (10,184)         (4,678)
                                                                                   ------------    ------------


                        Net income (loss) before income tax provision                    48,556        (318,108)
                                                                                   ------------    ------------

PROVISION FOR INCOME TAXES                                                                 --              --
                                                                                   ------------    ------------

                        Net income (loss)                                                48,556        (318,019)
                                                                                   ============    ============

Basic income (loss) per common share -
                                                                                   $        .01    ($      0.06)
                                                                                   ============    ============

Basic weighted average common shares outstanding                                      9,872.688       4,899,760
                                                                                   ============    ============

Diluted  income (loss) per common share -                                          $        .01    ($      0.06)
                                                                                   ============    ============

Diluted weighted average common shares outstanding                                   10,784,546       5,062,260
                                                                                   ============    ============
</TABLE>


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

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                                                                          Page 5
<PAGE>

                             GLOBAL SOURCES LIMITED

                      CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                            THREE
                                                                            MONTHS
                                                                            ENDING
                                                                          SEPTEMBER 30,
                                                                             2000
                                                                       ----------------
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                                        <C>
  Net Income (loss)                                                        48,856

  Adjustments to reconcile net loss to net cash provided by operating
  activities:
     Depreciation and amortization                                         71,000
     Stock-based compensation
     Stock issued for acquisitions and related recapitalization           287,511
     Changes in assets and liabilities:
       Trade and other receivables                                        206,893
       Prepaid expenses and other assets                                 (134,203)
       Accounts payable and accrued expenses                             (912,718)
       Deferred revenue                                                  (145,000)
                                                                        ---------
               Net cash (used) by operating activities                   (577,661)
                                                                        ---------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment                                        --
  Capital contributed by Company officers                                 100,000

                        Net cash provided by investing activities         100,000

CASH FLOWS FROM FINANCING ACTIVITIES
  Stock sold to investors                                                 607,500
  Repayment of debt
                                                                           16,000
               Net cash provided by financing activities                  591,500
                                                                        ---------

NET INCREASES IN CASH AND CASH EQUIVALENTS                                113,839

CASH AND CASH EQUIVALENTS:                                                 64,211
  Beginning of period
                                                                        ---------
  End of period                                                           178,050
                                                                        =========
SUPPLEMENTAL CASH FLOW INFORMATION:
              Income taxes paid                                         $    --
                                                                        =========
              Interest paid                                             $    --
                                                                        =========
</TABLE>


   The accompanying notes are an integral part of these financial statements.
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                                                                          Page 6
<PAGE>

                     GLOBAL SOURCES LIMITED AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

         Global Sources Limited and its wholly-owned subsidiaries (the
"Company") provide strategic staffing solutions in addition to marketing,
training and development programs, seminars, and employee benefits.

         The Company was formerly known as First Sunrise, Inc., a company
organized under the State of Delaware on April 28, 1997. First Sunrise, Inc. was
organized as a vehicle to acquire or merge with a business or company. On
December 9, 1999, First Sunrise, Inc. merged with Platinum Executive Services,
Inc. For accounting purposes, Platinum Executive Services, Inc. was treated as
the acquirer and the acquisition was accounted for using the purchase method of
accounting. On the same date, the merged entity changed its name to Global
Sources Limited.

         The Company has offices in New York, New Jersey, and the United
Kingdom.


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

PRINCIPLES OF CONSOLIDATION

         The consolidated financial statements include the accounts of Global
Sources Limited and its subsidiaries after elimination of inter-company
transactions.

REVENUE RECOGNITION

         Revenue from permanent staffing is recognized when the candidate has
been employed. Executive search and consulting assignments are primarily based
upon retainer agreements which provide for periodic billings; revenue is
recognized based upon the terms of the agreements.

PROPERTY & EQUIPMENT

         Property and equipment are stated at cost. Depreciation is computed
utilizing the straight-line method over the useful lives of the assets which
range from three to seven years.

INCOME TAXES

         The Company accounts for income taxes in accordance with the Statement
of Financial Accounting Standards No. 109, "Accounting for Income Taxes," which
requires the recognition of deferred tax liabilities and assets at currently
enacted tax rates for the expected future tax consequences of events that have
been included in the financial statements or tax returns. A valuation allowance
is recognized to reduce the net deferred tax asset to an amount that is more
likely than not to be realized. The tax provisions shown in the accompanying
statements of operations are zero since the deferred tax assets generated from
the net operating losses are offset in their entirety by a valuation allowance.

FAIR VALUE OF FINANCIAL INSTRUMENTS

         Cash and cash equivalents, if any, include all highly liquid debt
instruments with an original maturity of three months or less at the date of
purchase.

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                                                                          Page 7
<PAGE>

                     GLOBAL SOURCES LIMITED AND SUBSIDIARIES

                          NOTES TO FINANCIAL STATEMENTS
                                   (UNAUDITED)

GOODWILL

         Goodwill is amortized utilizing the straight-line method over a period
of 10 to 20 years. The Company evaluates the carrying value and periods of
amortization of goodwill to determine whether revised estimates of carrying
value or useful lives are warranted.

CONCENTRATION OF CREDIT RISK

         Cash and cash equivalents and trade accounts receivable potentially
subject the Company to concentration of credit risk. The Company places its cash
and cash equivalents with high credit quality financial institutions. The
Company believes its credit risk from accounts receivable is limited due to the
relatively large number of customers. Further, the Company assesses the
financial strength of its customers and when appropriate, establishes an
allowance for uncollectible accounts.

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 amounts reported in the financial statements and
accompanying notes. Actual results could differ from those estimates.

NOTE 3 - DEBT

         The Company presently has two loans outstanding from financial
institutions totaling $375,000 plus accrued interest.

NOTE 4 - 401(K) PLAN

         A Company subsidiary has a defined contribution 401(k) plan. Full time
employees twenty one years old with one year of service are eligible to
participate in the plan. The plan allows the employer to make discretionary
contributions on behalf of its employees which vest 20% per year for each year
of employee service. No discretionary employer contributions have been declared
or paid in years 1999 or 2000. Employees may contribute up to 15% of their
compensation, as defined, (subject to Internal Revenue Service maximum
contribution limitations) and are immediately 100% vested in their contributions
made to the plan.

NOTE 5 - STOCK OPTION PLAN

         The Company's 1999 Stock Option Plan provides for the granting of
incentive stock options, non-qualified stock options and stock appreciation
rights. It is administered by the Company's Board of directors. The aggregate
number of shares of common stock which may be issued or delivered upon exercise
of all incentive stock options and non-qualified stock options granted cannot
exceed 5,000,000 shares. Option prices for incentive stock options shall not be
less than 100% and for non-qualified stock options not less than 85% of the fair
market value of such shares on the date on which the option is granted. As of
September 30, 2000, there were 1,685,000 options outstanding.

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                                                                          Page 8
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         OF OPERATIONS

         The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in this
Report contains statements that are forward-looking, such as statements relating
to plans for future activities. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, among others, the
following: the Company's recent losses, the Company's need to obtain additional
financing and the ability to obtain such financing; outstanding indebtedness;
the ability to hire and retain key personnel; successful completion and
integration of prior and any future acquisitions; uncertainties relating to
business and economic conditions in markets in which the Company operates;
uncertainties relating to customer plans and commitments; and the highly
competitive environment in which the Company operates. The words "believe",
"expect", "anticipate", "intend" and "plan" and similar expressions identify
forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date the statement
was made.

RESULTS OF OPERATIONS

GENERAL

         This financial review should be read in conjunction with the
accompanying consolidated financial statements and contains management's
discussion and analysis of the Company's results of operations and liquidity.
The financial statements of the Company have been prepared by management without
a review, pursuant to Statement on Auditing Standards No. 71, being done by the
Company's Independent Accountants.

         The Company at present provides strategic staffing solutions to
enterprises in addition to providing marketing, training and development
programs, seminars, and employee benefits. The Company was formerly known as
First Sunrise, Inc., a company organized under the State of Delaware on April
28, 1997. First Sunrise, Inc. was organized as a vehicle to acquire or merge
with a business or company. On December 9, 1999, First Sunrise, Inc. merged with
Platinum Executive Services, Inc. For accounting purposes, Platinum Executive
Services, Inc. was treated as the acquirer and the acquisition was accounted for
using the purchase method of accounting. On the same date, the merged entity
changed its name to Global Sources Limited.

         In July, 2000, the Company acquired a company in the United Kingdom.
During the third fiscal quarter 2001, management decided to focus on and growing
its business holdings in the United States markets and, as a result, the
operating assets of the company in the United Kingdom are being liquidated.

RESULTS OF OPERATIONS

         The Company showed a significant improvement in the results of
operations in the three months ending September 30, 2000. As a result of its
cost cutting efforts and the disposition of operations that were not
contributing to gross profits, the Company showed improvements in both
operations and cash flow. The improvement in operations was attributable to
reduced costs, including payroll and professional and administrative expenses.

LIQUIDITY AND CAPITAL RESOURCES

         To date the Company has funded its liquidity and capital resources
needs primarily through capital contributions from key executives, supplemented
by loans and the sale of the company's capital stock. The Company sold
approximately $675,000 of common stock in the private placement market for the
three months ending September 30, 2000. The Company intends to secure additional
capital through private placement of its securities and other financings to fund
itself and its acquisition program. There is no assurance that such funds will
be available on terms or in quantity acceptable to the Company.


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                                                                          Page 9

<PAGE>

         The Company plans to purchase additional companies that have a
strategic fit with the Company's goal of becoming a premier provider of optimal
solutions in the human resources fields. Acquisitions will be made primarily
through the issuance of common and preferred stock. It is intended that future
acquisitions will not be with development stage or start-up companies in order
to maximize cash flows to the Company.


                           PART II - OTHER INFORMATION

ITEM 1.           LEGAL PROCEEDINGS

         The Company is a defendant in various lawsuits, as detailed as of March
30, 2001 in the Form 10-KSB for the year ended June 30, 2000 filed with the
Securities and Exchange Commission.

ITEM 2.           CHANGES IN SECURITIES AND USE OF PROCEEDS

         On September 1, 2000, the Company issued to an individual investor
pursuant to a private transaction 750,000 shares of the Company's common stock
and warrants to purchase up to 500,000 shares of the Company's common stock. The
consideration paid by such individual investor, in the aggregate amount of
$250,000, in cash, was based on a price per share of $0.3333. The issuance of
such shares and warrants was based, in part, upon representations and warranties
of such individual, including a representation as to his status as (i) an
"accredited" investor (as such term is defined in Rule 501(a) of Regulation D
under the Securities Act). This sale was exempt from the registration
requirements of the Securities Act of 1933 pursuant to Regulation D promulgated
by the Securities and Exchange Commission under Section 4(2) of the Act.

         On August 14, 2000, the Company issued to an individual investor
pursuant to a private transaction 500,000 shares of the Company's common stock,
subject to a keepwell arrangement, and a warrant to purchase up to 100,000
shares of the Company's common stock, exercisable at a price of $1.50 per share.
The consideration paid by such individual investor was based on a price per
share of $0.50 and made in the form of cash and a promissory note in the
principal amount of $150,000, payable in equal monthly installments over three
(3) months. The Company had the option to repurchase the shares and to reduce
the number of shares issuable upon exercise of the warrant in the event that the
investor failed timely to pay in full the Note. No such option was exercised and
the Note was paid in full. The issuance of such shares was based, in part, upon
representations and warranties of such individual, including a representation as
to his status as (i) an "accredited" investor (as such term is defined in Rule
501(a) of Regulation D under the Securities Act). This sale was exempt from the
registration requirements of the Securities Act of 1933 pursuant to Regulation D
promulgated by the Securities and Exchange Commission under Section 4(2) of the
Act.

         During August 2000 and September 2000 following the commencement of
trading of its common stock on the OTC Bulletin Board, the Company issued to
individual investors an aggregate of 345,000 shares of the Company's common
stock pursuant to a private offering. The consideration paid by such individual
investors was based on a price per share of $0.50, for a total offering amount
of $172,500. The issuance of such shares was based, in part, upon
representations and warranties of such individuals, including a representation
as to their status as "accredited" investors (as such term is defined in Rule
501(a) of Regulation D under the Securities Act). These sales were exempt from
the registration requirements of the Securities Act of 1933 pursuant to
Regulation D promulgated by the Securities and Exchange Commission under Section
4(2) of the Act.

         On July 21, 2000, the Company issued an aggregate of 1,363,,633 shares
of its common stock to the A and B stockholders of Phillips & Chambers Limited,
a United Kingdom company, as partial consideration for the purchase of all of
the outstanding shares of capital stock of Phillips & Chambers Limited. In
issuing these securities, the Company relied on the exemption afforded by
Section 4(2) of the 1933 Act and Regulation D, as transactions by an issuer not
involving any public offering.

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                                                                         Page 10
<PAGE>

         On July 12, 2000, the Company issued to an individual investor 400,000
shares of the Company's common stock pursuant to a private transaction. Under
the terms of the transaction, the investor is entitled, at its sole option, to
demand redemption from the Company, in the form of a cash payment of $0.75 per
share of the common stock that is demanded to be redeemed, in the event that the
Company should default (which default is continuing for more than thirty (30)
days) on any of its obligations under any of the transaction documents. The
Company is currently in default of its covenant to register the common stock
issued to such investor. As of the date of this report, the individual investor
has not exercised its right to demand redemption by the Company of the shares.
Payment of any amount owing pursuant to a demand redemption is guaranteed by
Messrs. Strupp and Mazzuto, officers of the Company. The issuance of such shares
was based, in part, upon representations and warranties of such individual,
including a representation as to his status as (i) an "accredited" investor (as
such term is defined in Rule 501(a) of Regulation D under the Securities Act)
and (ii) not a "U.S. Person" (as such term is defined in Rule 902(k) of
Regulation S under the Securities Act). The consideration paid by such
individual investor was based on a price per share of $0.50. This sale was
exempt from the registration requirements of the Securities Act of 1933 pursuant
to Regulations D and S promulgated by the Securities and Exchange Commission
under Section 4(2) of the Act.

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

         There were no matters submitted for a vote of securities holders during
the three months ended September 30, 2000.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

         (a)      Exhibits

                   None

         (b)      Reports on Form 8-K

                  (i)      Report on Form 8-K/A filed September 15, 2000
                           concerning engaging Richard A. Eisner & Company, LLP
                           as the Company's new auditors.

                  (ii)     Report on Form 8-K filed August 7, 2000 concerning
                           the acquisition of Phillips & Chambers Limited, a
                           United Kingdom holding company for The McMillan
                           Partnership Limited.


                                   SIGNATURES

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

Date:  May 9, 2001                   GLOBAL SOURCES LIMITED

                                              /s/ John D. Mazzuto
                                      ------------------------------------------
                                     By:  John D. Mazzuto, President and Chief
                                          Financial Officer

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                                                                         Page 11