U.S. SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-QSB
 
 Quarterly Report Under
 the Securities Exchange Act of 1934
 For Quarter Ended: August 31, 2003
 
 Commission File Number: 0-26673
 
 GLOBAL GOLF HOLDINGS, INC.
 
 (Exact name of small business issuer as specified in its charter)
 Delaware
 
 (State or other jurisdiction of incorporation or organization)
 98-0207081
 
 (IRS Employer Identification No.)
 8893 Brooke Road
 Delta, British Columbia, Canada
 
 (Address of principal executive offices)
 V4C 4G5
 (Zip Code)
 
 (604) 583-2036
 
 (Issuer's Telephone Number)
 Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 _ X _ No ____.
 The number of shares of the registrant's only class of common stock issued and outstanding, as of August 31, 2003 was 9,227,391 shares.
 
 
  PART I
 ITEM 1. FINANCIAL STATEMENTS.
  Our unaudited financial statements for the three month period ended August 31, 2003, are attached hereto.
  GLOBAL GOLF HOLDINGS, INC.
 CONSOLIDATED BALANCE SHEET
 August 31, 2003  (Unaudited)
  ASSETSCurrent AssetsCash
$ 488Equipment, net
80,499Product License, net
97,265Option to Purchase Exclusive License
242,780Goodwill

81,188$ 502,220LIABILITIES AND STOCKHOLDERS' EQUITYCurrent LiabilitiesAccounts payable
$ 90,407Due to stockholders
122,026Demand loans payable
7,942Total current liabilities
220,375Long-term Note Payable
34,296Stockholders' EquityCommon stock, $0.0001 par value, 30 million sharesauthorized, 9,227,391 shares issued and outstanding
673Common stock issuable
61Preferred stock, $0.0001 par value, 5 million sharesauthorized, no shares outstandingAdditional paid-in capital
2,494,737Accumulated deficit
(2,479,390)Accumulated other comprehensive income
231,468Total stockholders' equity
247,549$ 502,220 
 See Notes to Financial Statements
  GLOBAL GOLF HOLDINGS, INC.
 CONSOLIDATED STATEMENTS OF OPERATIONS
 For the Three Months Ended August 31, 2003 and 2002  (Unaudited)
  2003

2002Equipment rent revenue
$ 4,810

$ -Operating expenses
69,947Loss from operations
(65,137)Other income (expense)Interest expense
(12,768)Loss from continuing operations
(77,905)

-Discontinued operationsLoss from operations of the discontinued segment


(2,717)Net loss
$ (77,905)

$ (2,717)Net income (loss) per share(Basic and fully diluted)Continuing operations
$ (0.01)

$ (0.00)Discontinued operations
0.00

(0.00)Net loss per share
$ (0.01)

$ (0.00)Weighted average number of commonshares outstanding
8,759,275

1,598,318 
 See Notes to Financial Statements
  GLOBAL GOLF HOLDINGS, INC.
 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
 For the Three Months Ended August 31, 2003 and  2002  (Unaudited)
  2003

2002Net loss

$ (77,905)

$ (2,717)Other comprehensive income (loss)Foreign currency translation adjustment
(3,608)

10,887Comprehensive income (loss)
$ (81,513)

$ 8,170 
 
 
 See Notes to Financial Statements
 
    GLOBAL GOLF HOLDINGS, INC.
 CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY
 For the Period from May 31 2003 to August 31, 2003  (Unaudited)
  Common Stock
Common Stock Issuable
Preferred Stock


ForeignNumber

Number

Number

Additional

Currencyof

of

of

Paid-in
Accumulated
TranslationShares
Amount
Shares
Amount
Shares
Amount
Capital
Deficit
Adjustment
TotalBalance, May 31, 2003
7,134,058
$ 519
-
$ -
-
$ -
$2,346,526
$(2,401,485)
$ 235,076
$ 180,636Common stock issued for:Services and expenses
1,260,000
93




98,333


98,426Cash
833,333
61




24,939


25,000Common stock issuablefor cash


833,333
61


24,939


25,000Net loss







(77,905)

(77,905)Translation adjustment








(3,608)
(3,608)9,227,391
$ 673
833,333
$ 61
-
$ -
$2,494,737
$(2,479,390)
$ 231,468
$ 247,549 
 
 See Notes to Financial Statements
 
 
    GLOBAL GOLF HOLDINGS, INC.
 CONSOLIDATED STATEMENTS OF CASH FLOWS
 For the Three Months Ended August 31, 2003 and  2002  (Unaudited)
  2003

2002Cash Flows from Operating ActivitiesNet loss
$ (77,905)

$ (2,717)Adjustments to reconcile net loss to net cashprovided by operating activitiesDepreciation
230

9,088Amortization
1,648Issuance of common stock for services andexpenses
98,426Change in operating assets and liabilitiesAccounts receivable
1,707

9,218Inventory


6Prepaid expenses


(159)Accounts payable
(393)

(9,737)Unearned revenues


(4,981)Net cash provided by operating activities
23,713

718Cash Flows from Investing ActivitiesPurchase of equipment
(23,012)Acquisition of license
(49,419)Net cash used in investing activities
(72,431)Cash Flows from Financing ActivitiesProceeds from issuance of stock
50,000Proceeds from demand loans
6,064Payments on amounts due to stockholders
(6,000)Net cash provided by financing activities
50,064Foreign exchange effect on cash
(1,809)Net change in cash
(463)

718Cash at the beginning of the period
951

480Cash at the end of the period
$ 488

$ 1,198Cash paid for interest
$ -

$ -Cash paid for income taxes
$ -

$ - 
 See Notes to Financial Statements
 
    NOTES TO FINANCIAL STATEMENTS
 
 
 
 Note 1. Summary of Significant Accounting Policies
 
 Business Operations
 
 Global Golf Holdings, Inc. (the "Company"), a Delaware corporation, currently operates in a single business segment specializing in the marketing, rental, and distribution of golf merchandise. Prior to the stock exchange transactions described below, the Company through a wholly-owned Canadian subsidiary, Forest Industry Online, Inc. ("Forest"), designed websites for companies associated with the forest and wood product industries. Due to continued net losses and limited financing options in this industry, the Company changed its business model. On October 25, 2002, the Company entered into a share exchange agreement to acquire all of the outstanding shares of Golflogix Systems Canada, Inc. ("Golflogix"), a British Columbia, Canada, corporation, in exchange for 2,500,000 shares of the Company's common stock. See the Company's May 31, 2003, Form 10-KSB for additional information on this acquisition. On November 30, 2002, the Company sold all of the issued and outstanding shares of Forest and exited this business segment.
 
 Consolidation
 
 The accompanying consolidated financial statements include the accounts of Global Golf Holdings, Inc. and its wholly-owned subsidiaries, Golflogix and Forest (for 2002). All intercompany accounts and transactions have been eliminated.
 
 Interim Period Financial Statements
 
 The interim period financial statements have been prepared by the Company pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such SEC rules and regulations. The interim period financial statements should be read together with the audited financial statements and accompanying notes included in the Company's audited financial statements for the years ended May 31, 2003 and 2002. In the opinion of the Company, the unaudited financial statements contained herein contain all adjustments necessary to present a fair statement of the results of the interim periods presented.
 
  Intangibles
 
 Intangible assets consist of goodwill and an option to purchase the exclusive license rights to market and distribute the "xCaddie Handheld GPS System" throughout various defined geographic locations. Both of these assets have indefinite useful lives and are tested annually for impairment. As the option rights to various geographic areas are surrendered, a proportionate share of the option is considered impaired. As the option rights are exercised, the cost of the license plus a proportionate share of the capitalized option cost is capitalized to the license and amortized over the term of the purchased license agreement. In June 2003, the Company exercised its option for Western Canada and purchased the license for $50,000 to market and distribute the xCaddie Handheld GPS System in this area. Accordingly, $48,913 of the option attributed to Western Canada was transferred to the cost of the license, the total of which is being amortized over the ten-year term of the license on a straight-line basis.
 
 Foreign Currency Translation
 
 The Company translates foreign assets and liabilities of its Canadian subsidiary at the rate of exchange at the balance sheet date. Revenues and expenses are translated at the average rate of exchange throughout the year. Gains or losses from these translations, if significant, are reported as a separate component of other comprehensive income, until all or a part of the investment in the subsidiary is sold or liquidated. Translation adjustments do not recognize the effect of income tax because the Company expects to reinvest the amounts indefinitely in operations.
 
 Revenue Recognition
 
 Revenue from equipment rentals is reported on the straight-line basis over the noncancelable lease term as it becomes receivable according to the provisions of the lease.
 
 Revenues from discontinued operations consisting of website advertising and hosting were recorded on the billed basis. Customers were invoiced on a quarterly basis in advance for advertising and hosting spaces. Revenues on fixed contract website designs were recognized on the percentage-of-completion method of accounting.
 
 Comprehensive Income and Loss
 
 The Company has adopted Statement of Financial Accounting Standards No. 130, "Reporting Comprehensive Income." Other comprehensive gain and loss, which currently includes only foreign currency translation adjustments, is shown as a component of stockholders' equity.
 
  Stock-Based Compensation
 
 The Company has a stock-based equity incentive plan, which is described more fully in the audited financial statements for May 31, 2003. The Company accounts for the plan under the recognition and measurement principles of APB Opinion No. 25, "Accounting for Stock Issued to Employees," and related interpretations. No stock-based employee compensation cost is reflected in the net loss, as all options granted under the plan had an exercise price equal to or greater than the market value of the underlying common stock on the date of grant. Compensation cost for stock options granted to non-employees is measured using the Black-Scholes valuation model at the date of grant multiplied by the number of options granted. The following table illustrates the effect on net loss and earnings per share as if the Company had applied the fair value recognition provisions of Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based Compensation," to stock-based employee compensation.
 
 The proforma information (as if SFAS No. 123 had been adopted) from the options is as follows:
 
 For the Three Months EndedAugust 31, 2003

August 31, 2002Net loss as reported

$ (77,905)

$ (2,717)Compensation expense from stock options under SFAS No. 123

-

-Proforma net loss

$ (77,905)

$ (2,717)Proforma loss per common share, basic and diluted

$ (0.01)

$ (0.00) 
 Discontinued Operations
 
 On November 30, 2002, the Company sold all of the issued and outstanding shares of Forest and accordingly, operating results of this segment have been presented as discontinued operations in these financial statements for 2002.
 
 
 
 Note 2. Earnings Per Share
 
 Basic loss per share is computed by dividing the net loss available to common shareholders by the weighted average number of common shares outstanding in the period. Diluted earnings per share takes into consideration common shares outstanding (computed under basic earnings per share) and potentially dilutive common shares. Warrants, stock options, and common stock issuable upon conversion of the Company's preferred stock were not included in the computation of diluted earnings per share for all periods presented because they were anti-dilutive.
  Note 3. Going Concern
 
 The Company has incurred significant losses from operations in each of the last two years and has an accumulated deficit of $2,479,390 at August  31, 2003. The Company's ability to continue as a going concern is in substantial doubt and is dependent upon obtaining additional financing and/or achieving a sustainable profitable level of operations. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
 
 Management of the Company has undertaken steps as part of a plan with the goal of sustaining Company operations for the next twelve months and beyond. These steps include: (a) continuing to promote and build the Company's golf segment; (b) attempting to raise additional capital and/or other forms of financing; and (c) controlling overhead and expenses. There can be no assurance that any of these efforts will be successful.
   
  ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  
 The following discussion should be read in conjunction with our audited financial statements and notes thereto included herein. In connection with, and because we desire to take advantage of, the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we caution readers regarding certain forward looking statements in the following discussion and elsewhere in this report and in any other statement made by, or on our behalf, whether or not in future filings with the Securities and Exchange Commission. Forward looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. Forward looking statements are necessarily based upon estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control and many of which, with respect to future business decisions, are subject to change. These uncertainties and contingencies can affect actual results and could cause actual results to differ materially from those expressed in any forward looking statements made by, or our behalf. We disclaim any obligation to update forward looking statements.
 
 Critical Accounting Policies . Our critical and significant accounting policies, including the assumptions and judgments underlying them, are disclosed in the Notes to the Financial Statements. These policies have been consistently applied in all material respects and address such matters as revenue recognition and depreciation methods. The preparation of the financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates.
 
 
  OVERVIEW
 
 Global Golf Holdings, Inc. ("we," "us," "our," or the "Company") was incorporated on December 18, 1997, pursuant to the laws of the State of Delaware under the name of Autoeye Inc. On February 25, 2000, as part of an acquisition of The Forest Industry Online Inc., we changed our name to forestindustry.com, Inc. Prior to this acquisition, our Company was inactive. On October 25, 2002, we entered into a share exchange agreement with Golflogix Systems Canada Inc. (GolfLogix"), a British Columbia, Canada corporation which was incorporated in February 2000, as West Coast Electric Distributors, Inc. Under the terms of the Share Exchange Agreement, we acquired all of the outstanding shares of GolfLogix in exchange for 2,500,000 shares of our common stock. As a result, GolfLogix is now a wholly owned subsidiary of our Company.
 
 Prior to the acquisition of Golflogix, our business activities included designing web sites and operating and maintaining a computer internet web site for companies associated with the forest and wood product industries. However, subsequent to the acquisition of this business we failed to generate profitability and incurred negative cash flows from operations. Our inability to generate profits and avoid negative cash flow continues to this day. We incurred a loss of ($77,905) for the quarter ending August 31, 2003.
 
 Operations were financed mainly through the issuance of our securities and our future operations were dependent upon continued external funding and our ability to increase revenues and reduce expenses.
 
 GolfLogix is a distributor of golfing merchandise and has entered into an agreement to purchase an exclusive licensing right to market and distribute the GolfLogix System in Canada.
 
 After our acquisition of GolfLogix, on November 30, 2002, we entered into a stock purchase agreement with Cherry Point Consulting, resulting in a divestiture of the assets of Forest Industry Online. Under the agreement, Cherry Point Consulting purchased shares of Forest Industry Online and assumed all of the related assets and liabilities of the same. In December 2002, we changed our name to Global Golf Holdings, Inc.
 
 Results of Operations . We generated $4,810 in revenues during the quarter ending August 31, 2003 versus $0 (related to our golf merchandising segment) for the same period in the prior fiscal year.
 
 Selling, General and Administrative . SG&A expenses arose primarily from professional and consulting fees. We incurred professional fees relating to costs associated with our being a reporting company under the Securities Exchange Act of 1934, as amended, as well as costs associated with the acquisition of GolfLogix and subsequent sale of Forest Industry Online and other minimal interest expenses on outstanding debt. As a result, we incurred a net loss of $77,905 during the three month period ending August 31, 2003 (approximately $.01 per share).
 
 
  Plan of Operation . Our current operations are generated through our wholly owned subsidiary, GolfLogix, which is engaged in the business of selling and servicing the xCaddie Handheld GPS System, which is a device which measures yardage to the middle of a green from anywhere on the golf course by use of satellite technology. All references in this report to our business activity relate to GolfLogix. We believe that the xCaddie Handheld GPS System is the smallest, most effective handheld GPS tracking and distance system solution for the golf industry.
 
 On January 24, 2003, we signed a preliminary agreement to obtain the right to market the xCaddie Handheld GPS System from GolfLogix, Inc., a privately held Arizona corporation ("GLI"), pursuant to an exclusive 5 year licensing agreement for the distribution of the system. This Agreement provided the Company with the right to market the xCaddie to the Province of British Columbia, Canada, as well as the balance of Canada. This agreement required that we pay GLI a $25,000 licensing fee ("Fee One") applicable to British Columbia. We were also obligated to pay a one time $100,000 fee ("Fee Two") on or before March 15, 2003, to secure the rights to the balance of Canada. Additionally, to maintain our rights in and to British Columbia, we were required to purchase $100,000 in product from GLI within the initial 18 months following the date of the agreement, with an additional $100,000 in equipment purchases each 12 month period thereafter.
 
 The Company failed to tender FeeTwo. Therefore, we lost our exclusive rights to distribute the xCaddie for Eastern Canada.
 
 On June 27, 2003, the Company executed an exclusive licensing agreement for the distribution of the GolfLogix system for Western Canada. This agreement as reached in order to protect the Company's exclusive rights with respect to the xCaddie in light of the fact that the aforementioned January 24, 2003 agreement was breached by the Company as a result of the failure to tender Fee Two.
 
 The June 27, 2003 agreement called for a fifty thousand US Dollar licensing fee which was paid in full. The Agreement also called for minimum purchase requirements for equipment and minimum unit installations for the term of the license. The Company is current with respect to the June 27, 2003 agreement.
 
 The end result for the Company is that the Company now has the right to exclusively distribute the xCaddie product for Western Canada. However, it should be noted that the Company has minimum equipment purchasing requirements and minimum installation requirements in order to maintain its exclusivity to the xCaddie license. SHOULD THE COMPANY FAIL TO DELIVER ENOUGH INSTALLATIONS OR FAIL TO PURCHASE ENOUGH XCADDIE UNITS, THE COMPANY COULD LOSE ITS EXCLUSIVE LICENSE.
 
 Sales and Marketing . In order to market our golf related products, we intend to employ a combination of an in-house direct sales force, along with independent distributors who are already engaged in selling golf related products to our target market, including public and private golf courses and standalone practice facilities. As of the date of this report, we have one in-house salesman and are in the process of hiring an additional 2 salespersons. It is anticipated that these in-house representatives will concentrate on selling our product in British Columbia. Our golf course sales department will be responsible for prospecting, securing golf courses, installing and training staff and management for the GolfLogix system. Our sales manager will oversee all sales functions in Canada.
 
 Our sales force will initially concentrate on closing the larger golf course management companies within the Western Canadian market. Additionally, we intend to also concentrate on gaining acceptance of the system from golf teaching professionals. We believe that this will increase exposure of our products, as well as adding credibility and aid in developing relationships with other golf courses across Canada. Because year round play is available in the southwest region of British Columbia, we intend to emphasize this region in our initial sales and marketing activities. Because of year round play, our system can generate additional revenue per course. This additional revenue is expected to be derived as a result of our system increasing the pace of play, thus providing the larger, busier golf courses with the opportunity to generate additional revenue from additional rounds they can sell to other golfers.
 
 Once our system has been accepted by the golfing community in British Columbia, the balance of our sales activities throughout Canada will be addressed by our sale to independent distributors who are already engaged in the golf industry. We intend to sell a non-exclusive license to these distributors, who will pay us a fee for this license.
 
 
  Liquidity and Capital Resources . At August 31, 2003, we had $488 in cash and total current assets of $488. As of the date of this report, we require additional capital investments or borrowed funds to meet cash flow projections and carry forward our new business objectives. Since our acquisition of GolfLogix, we have attempted to reduced expenses to cover monthly cash requirements. There can be no assurance that we will be able to raise capital from outside sources in sufficient amounts to fund our new business.
 
 The failure to secure adequate outside funding would have an adverse affect on our plan of operation and results therefrom and a corresponding negative impact on shareholder liquidity.
 
 Trends . Once considered a sport for the affluent, golf has moved into the mainstream of sports and is being embraced by all facets of the population. This explosive growth is seen by the increase in development of golf course facilities and a new trend in the last five years, Standalone Practice Facilities. This is forcing golf facilities into a much more competitive market for both attracting and retaining golfers, creating an opportunity for companies to market new and innovative products which address these concerns.
 
 Our current management has identified certain key marketing opportunities for our growth, including (i) growth in popularity of GPS systems applicable for use on the golf course; (ii) costly implementation of existing "Cart-Mount" GPS systems (60% to 80% greater than the xCaddie system); (iii) limited direct competition in handheld GPS systems; (iv) The company focus on revenue stream generating product, with direct delivery business model; and (v) growth in the number of golf facilities. We intend to direct our sales and marketing efforts with these opportunities in mind.
 
 Our primary target market for both product divisions is direct to the golf course facility and standalone practice facilities. We are currently marketing our products through direct sales presentations. In the future, once we are able to obtain the necessary financing, we intend to utilize telemarketing, web portal, advertisements in industry trade magazines, direct mailers, press release campaigns and participation in key industry events and associations. We will also target wholesale distributors for the sale and distribution of accessory products in regions that this business model is beneficial.
 
 Our main focus is to become the largest global distribution and holding company specializing in the golf industry. We anticipate that the acquisition of GolfLogix Systems Canada Inc. will be the first of several organizations that will exist under our umbrella. However, as of the date of this report, while we have had discussions with various potential acquisition candidates, there are no definitive agreements with any third party who has agreed to be acquired by us and there can be no assurances that any such agreements will be forthcoming in the foreseeable future. Our mission is to acquire or invest in companies that are providing cutting-edge technology, along with products and services that target the $36.3 billion dollar golf industry.
 
 Inflation . Although management expects that our operations will be influenced by general economic conditions, we do not believe that inflation had a material effect on our results of operations during the quarter ending August 31, 2003.
   
  E.  Going Concern
 
 The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The history of losses and the inability for the Company to make a profit from selling a good or service has raised substantial doubt about our ability to continue as a going concern.
 
 In spite of the fact that the current obligations of the Company are relatively minimal, given the cash position of the Company, we have very little cash to operate .
 
 We intend to fund the Company and attempt to meet corporate obligations by selling common stock. However the Company's common stock is at a very low price and is not actively traded.
 
 F.  Results of Operations for the Quarter Ending August 31, 2003 as Compared to August 31, 2002
 
 1.  Net Revenue . There was $4,810 revenue in 2003, and there was $0 in revenue for 2002 (related to our golf merchandising segment).
 2.  Net Loss From Operations . There was $65,137 gross loss from operations for the quarter ending August 31, 2003 and a gross loss from operations of $0 for the same period in 2002 (related to our golf merchandising segment).
 3.  Operating Expenses . Operating expenses for the first three months of the fiscal year 2003 were $69,947. These monies were paid for professional fees, consulting services related to the operations of the Company's business and other general and administrative expenses.
 
 
  PART II. OTHER INFORMATION
 ITEM 1. LEGAL PROCEEDINGS
  We are indebted to various trade creditors and have received correspondence advising that unless payment arrangements are made, actions may be filed against us to collect balances due. However, as of the date of this report, there are no material legal proceedings which are pending or have been threatened against us of which management is aware.
  ITEM 2. CHANGES IN SECURITIES - NONE.
  ITEM 3. DEFAULTS UPON SENIOR SECURITIES - NONE.
  ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS - NONE.
  ITEM 5. OTHER INFORMATION - NONE.
 
  ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K -
  (a) Exhibits
 
 99.1 Certification of Financial Statements in accordance with Sarbanes-Oxley Act
 
 (b) Reports on Form 8-K
 
 On October 25, 2002, we filed a report on Form 8-K, advising of the closing of the Share Exchange Agreement described hereinabove and the acquisition of GolfLogix Systems Canada, Inc., as well as the change in control of our Company as a result thereof.
 
 On September 30, 2002, we filed a report on Form 8-K, advising of the closing of a public offering undertaken under prior management.
 
 On January 22, 2003, the Company filed, on Form 8-K, Item 4 and 7, a current report notifying the market that Watson Dauphinee & Masuch, Chartered Accountants, had resigned as the Company's independent auditors. Further, as of January 20, 2003, the Company had retained Grant Thornton LLP has the Company's independent auditors.
 
 On February 4, 2003, the Company filed, on Form 8-K, Item 4, a current report notifying the market that Grant Thornton had not been retained as the Company's independent auditors. Watson Dauphinee & Masuch would remain the Company's independent auditors. On that same day, the Company filed an amended Form 8-K, Item 4, notifying the market that Ronald Chadwick CPA had been retained as the Company's independent auditor.
 
 On October 31, 2003, the Company filed, on Form 8-K, a current report, Item 4 notifying the market that the Company had retained Peterson Sullivan PLLC of Seattle, Washington as the Company's independent auditors.
 
 
  SIGNATURES
 
 Pursuant to the requirements of Section 12 of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, this 28th day of October, 2003.
  GLOBAL GOLF HOLDINGS, INC.
 (Registrant)
 
 By: /s/ Ford Sinclair
 
 Ford Sinclair, President
  GLOBAL GOLF HOLDINGS, INC.
 (Registrant)
 
 CERTIFICATIONS
 I, Ford Sinclair, certify that:
 
 1. I have reviewed this quarterly report on Form 10-QSB of Global Golf Holdings, Inc. (the "Registrant" or the "Company");
 
 2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;
 
 3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this quarterly report;
 
 4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the Registrant and have;
 
 a. designed such disclosure controls and procedures to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to me/us by others within those entities, particularly during the period in which this quarterly report is being prepared;
 
 b. evaluated the effectiveness of the Registrant's disclosure controls and procedures as of a date within ninety (90) days of the filing date of this quarterly report (the "Evaluation Date"); and
 
 c. presented in this quarterly report my/our conclusions about the effectiveness of the disclosure controls and procedures based on my/our evaluation as of the Evaluation Date;
 
 5. I have disclosed, based on my most recent evaluation, to the Registrant's auditors and the Audit Committee of the Registrant's Board of Directors (or persons performing the equivalent function):
 
 a. all significant deficiencies in the design or operation of internal controls which could adversely affect the Registrant's ability to record, process, summarize and report financial data and have identified for the Registrant's auditors any material weakness in internal controls; and
 
 b. any fraud, whether or not material, that involves management or other employees who have a significant role in the Company's internal controls; and
 
 6. I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of my most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
 
 Dated this October 28th, 2003   /s/ Ford Sinclair
 Ford Sinclair, President
 Exhibit 99.1
   CERTIFICATION PURSUANT TO
 18 USC, SECTION 1350,
 AS ADOPTED PURSUANT TO
 SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
  In connection with the quarterly report of Global Golf Holdings, Inc. (the "Company") on Form 10-QSB for the quarter ended August 31, 2003, as filed with the Securities and Exchange Commission (the "Report"), I, Ford Sinclair, the President of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to the best of my knowledge:
  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
  Dated this October 28th, 2003    /s/ Ford Sinclair
 Ford Sinclair, President