SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                AMENDMENT NO. 1
                                       ON
                                   FORM 10-QSB

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

         For the quarterly period ended December 31, 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                                  13-402064
      (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   December   31,  2000
                  (unaudited) and December 31, 1999

                  Consolidated  Statements  of  Income  (unaudited)  for the six
                  months ending December 31, 2000 and December 31, 1999

                  Consolidated  Statements of Income  (unaudited)  for the three
                  months ended December 31, 2000 and December 31, 1999

                  Consolidated  Statement of Cash Flows  (unaudited) for the six
                  months ended December 31, 2000

                  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.  CONSOLIDATED FINANCIAL STATEMENTS

                     GLOBAL SOURCES LIMITED AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>

                                                                     December 31, December 31,
                                                                          2000         1999
                                                                     ------------  -----------
                                                                      (unaudited)  (unaudited)

ASSETS

CURRENT ASSETS:
<S>                                                                  <C>          <C>
Cash and cash equivalents                                            $   40,975   $   71,805

Accounts receivable, trade, net of allowance for doubtful accounts      109,568      201,926
 of $0 at December 31, 2000

Receivable from Company officers                                        106,842
                                                                                      55,303

Prepaid expenses and other current assets                                26,913       82,060
                                                                     ----------   ----------

             TOTAL CURRENT ASSETS                                       284,298      411,094
                                                                     ----------   ----------


Property and equipment, net                                              11,274       64,167

Intangibles, net of accumulated amortization of $347,000
     at December 31, 2000                                             2,306,745    2,476,449
                                                                     ----------   ----------

             TOTAL                                                    2,602,317   $2,951,710
                                                                     ==========   ==========
</TABLE>

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

                                                                          Page 3
<PAGE>
                     GLOBAL SOURCES LIMITED AND SUBSIDIARIES

                           CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                        December 31,          December 31,
                                                                           2000                    1999
                                                                      --------------           -----------
                                                                       (unaudited)             (unaudited)

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

<S>                                                                  <C>                       <C>
Accounts payable and accrued expenses                                $   961,770               $   649,323

Other liabilities                                                         56,929                    63,900

Deferred revenue                                                         100,332

Loans payable                                                            375,000                  670,000
                                                                     -----------               -----------

             TOTAL CURRENT LIABILITIES                                 1,494,031                 1,383,223
                                                                     -----------               -----------

STOCKHOLDERS' EQUITY (DEFICIT):


Preferred stock, $.001 par value, 20,000,000 shares authorized,
     -0- shares issued and outstanding at December 31, 2000                 --                       1,778

Common stock, $.001 par value, 50,000,000 shares authorized,
     10,966,999 shares issued and outstanding at December 31, 2000        10,997                     6,925

Additional paid in capital                                             7,626,213                 6,079,157

Less: prepaid employee compensation                                     (832,000)                     --

Accumulated deficit                                                   (5,696,924)               (4,514,373)

Less:  Subscribed stock                                                     --                      (5,000)
                                                                     -----------               -----------

             TOTAL STOCKHOLDERS' EQUITY (DEFICIT)                      1,108,286                 1,568,487
                                                                     -----------               -----------

             Total                                                     2,602,317               $ 2,951,710
                                                                     ===========               ===========
</TABLE>

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

                    GLOBAL SOURCES LIMITED AND SUBSIDIARIES

                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                          SIX MONTHS    SIX MONTHS
                                                                             ENDED         ENDED
                                                                            December      December
                                                                            31, 2000      31, 1999
                                                                        ------------    ------------

REVENUE                                                                 $    686,222    $    202,636
                                                                        ------------    ------------
OPERATING EXPENSES:
<S>                                                                          <C>           <C>
             Payroll expenses                                                255,346       3,956,584

             General and administrative expenses                             301,542         586,907
                                                                        ------------    ------------

                        Total operating expenses                             556,888       4,543,491
                                                                        ------------    ------------

                        Operating income (loss)                              129,334      (4,340,855)
                                                                        ------------    ------------

NON-OPERATING INCOME (EXPENSE):

             Interest income                                                    --               718

             Interest expense                                                 22,586          30,986
                                                                        ------------    ------------

                        Net non-operating income (loss)                      (22,586)        (30,268)
                                                                        ------------    ------------


                        Net income (loss) before income tax provision        106,748      (4,901,954)
                                                                        ------------    ------------

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

                        Net income (loss)                                    106,748      (4,371,123)


                                                                        ============    ============

Basic income (loss) per common share -
                                                                        $        .01    ($       .70)
                                                                        ============    ============

Basic weighted average common shares outstanding                           9,872.688       6,284,556
                                                                        ============    ============

Diluted  income (loss) per common share -                               $        .01    ($       .61)
                                                                        ============    ============

Diluted weighted average common shares outstanding                        10,784,546       7,142,646
                                                                        ============    ============
</TABLE>

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

--------------------------------------------------------------------------------

                                                                          Page 5
<PAGE>
                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                         THREE MONTHS    THREE MONTHS
                                                                            ENDING          ENDING
                                                                           December       December
                                                                           31, 2000       31, 1999
                                                                        ------------    ------------
<S>                                                                     <C>             <C>
REVENUE                                                                 $    384,531    $    202,636
                                                                        ------------    ------------
OPERATING EXPENSES:

             Payroll expenses                                                150,262       3,766,530

             General and administrative expenses                             163,675         463,620
                                                                        ------------    ------------

                        Total operating expenses                             313,937       4,230,450
                                                                        ------------    ------------

                        Operating income (loss)                               70,594      (4,027,814)
                                                                        ------------    ------------

NON-OPERATING INCOME (EXPENSE):

             Interest income                                                    --               718

             Interest expense                                                 12,402         (30,986)
                                                                        ------------    ------------

                        Net non-operating income (loss)                       12,402         (30,286)
                                                                        ------------    ------------

                        Net income (loss) before income tax provision         58,192      (4,058,100)
                                                                        ------------    ------------

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

                        Net income (loss)                                     58,192      (4,058,100)

                                                                        ============    ============

Basic income (loss) per common share -
                                                                        $        .01    ($       .68)
                                                                        ============    ============

Basic weighted average common shares outstanding                           9,872.688       5,928,194
                                                                        ============    ============

Diluted  income (loss) per common share -                               $        .01    ($       .62)
                                                                        ============    ============

Diluted weighted average common shares outstanding                        10,784,546       6,576,893
                                                                        ============    ============
</TABLE>

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

                                                                          Page 6
<PAGE>
                             GLOBAL SOURCES LIMITED

                      CONSOLIDATED STATEMENT OF CASH FLOWS

                                   (Unaudited)
<TABLE>
<CAPTION>
                                                                                      SIX
                                                                                     MONTHS
                                                                                     ENDING
                                                                                   DECEMBER 31,
                                                                                      2000
                                                                                 ----------------
CASH FLOWS FROM OPERATING ACTIVITIES
<S>                                                                                    <C>
  Net Income                                                                           106,748
  Adjustments to reconcile net loss to net cash provided by operating activities:
     Depreciation and amortization                                                       1,639
     Stock-based compensation                                                          106,000
     Stock issued for acquisitions and related recapitalization                        173,808
     Changes in assets and liabilities:
       Trade and other receivables                                                    (343,440)
       Prepaid expenses and other assets                                                (8,257)
       Accounts payable and accrued expenses                                        (1,008,904)

       Deferred revenue                                                               (209,830)
                                                                                    ----------
               Net cash (used) by operating activities                              (1,182,236)
                                                                                    ----------

CASH FLOWS FROM INVESTING ACTIVITIES
  Purchases of property and equipment                                                     --
  Capital contributed by Company officers                                              200,000
                                                                                    ----------
               Net cash provided by investing activities                               200,000
                                                                                    ----------

CASH FLOWS FROM FINANCING ACTIVITIES
  Stock sold to investors                                                              975,000
  Repayment of debt                                                                    (16,000)
                                                                                    ----------
               Net cash provided by financing activities                               959,000
                                                                                    ----------

NET DECREASE IN CASH AND CASH EQUIVALENTS                                              (23,236)

CASH AND CASH EQUIVALENTS:
  Beginning of period                                                                   64,211
                                                                                    ----------

  End of period                                                                         40,975
                                                                                    ==========

SUPPLEMENTAL CASH FLOW INFORMATION:
              Income taxes paid                                                             $-
                                                                                    ==========
              Interest paid                                                                 $-
                                                                                    ==========
</TABLE>

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

                                                                          Page 7
<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.


--------------------------------------------------------------------------------

                                                                          Page 8
<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
December 31, 2000, there were 2,685,000 options outstanding.

--------------------------------------------------------------------------------

                                                                          Page 9
<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 six months  ending  December 31, 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  $975,000 of common stock in the private  placement market for the
six months ending  December 31, 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 10
<PAGE>


         The  Company  plans  to  purchase  additional  companies  that  have  a
strategic  fit with  the  Company's  goal of  becoming  a  premier  provider  of
strategic  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

         In October 1, 2000,  the Company  issued an aggregate of 165,000 shares
of the Company's common stock to two (2) employees of the Company and an outside
advisor for  services  performed  by each.  The issuance of such shares was also
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) or, in
the case of one  employee,  in reliance upon an Investor  Representative.  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.

         During  September  and October 2000,  the Company  issued to individual
investors an aggregate of 215,000 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 $107,500.
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.

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 December 31, 2000.

ITEM 6.           EXHIBITS AND REPORTS ON FORM 8-K

         (a)  Exhibits

                           None

         (b)  Reports on Form 8-K

         No  Reports on Form 8-K were filed by the  Company  during the  quarter
ended December 31, 2000.


--------------------------------------------------------------------------------

                                                                         Page 11
<PAGE>

                                   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 12