U.S. SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549

                                     Form 10-QSB

(Mark One)

[x]  Quarterly Report under Section 13 or 15(d) of the Securities
     Exchange Act of 1934

     For the quarterly period ended March 31, 2001
--------------------------------------------------------------------------

[ ]  Transition Report under Section 13 or 15(d)of the Exchange Act For the
     Transition Period from ________  to  ___________
--------------------------------------------------------------------------

                     Commission File Number: 000-31705
                     ---------------------------------

                        General Telephony.com, Inc.
               ----------------------------------------------
               (Name of Small Business Issuer in its charter)


             Nevada                             91-2007477
 -------------------------------   ---------------------------------------
 (State or other jurisdiction of   (I.R.S. Employer Identification Number)
  incorporation or organization)

    14601 Bellaire Blvd., Suite 338, Houston TX           77083
   ---------------------------------------------         -------
    (Address of principal executive offices)            (zip code)


                             (281) 564-6418
                      ---------------------------
                        (Issuer's telephone number)


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

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act of 1934 during the past 12
months (or 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]

               APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                    PROCEEDING DURING THE PRECEDING FIVE YEARS

Check whether the Registrant filed all documents and reports required to
be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court.

                                         Yes [ ]     No [ ]

                    APPLICABLE ONLY TO CORPORATE ISSUERS

The Registrant has 20,000,000 Common Stock, authorized, 3,011,300 shares
of Common stock issued and outstanding, par value $0.001 per share as of
March 31, 2001.  Preferred Stock, $0.001 par value per share, 5,000,000
shares authorized, no Preferred Stock issued nor outstanding as of
March 31, 2001.


Traditional Small Business Disclosure Format (check one)

                                        Yes [  ] No [X]


                                       1

<PAGE>

PART I.  FINANCIAL INFORMATION

Item 1.   Financial Statements.................................   3
          CPA Review Letter....................................   4
          Balance Sheet (unaudited)............................   5
          Statements of Operations (unaudited).................   6
          Statements of Cash Flows (unaudited).................   7
          Notes to Financial Statements........................  8-11

Item 2.  Management's Discussion and Analysis of Plan
           of Operation........................................   12


PART II. OTHER INFORMATION

Item 1.   Legal Proceedings....................................   17

Item 2.   Changes in Securities and Use of Proceeds............   17

Item 3.   Defaults upon Senior Securities......................   17

Item 4.   Submission of Matters to a Vote
           of Security Holders.................................   17

Item 5.   Other Information.....................................  17

Item 6.   Exhibits and Reports on Form 8-K......................  17

Signatures......................................................  18

                                      2

<PAGE>

PART I. FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

The unaudited financial statements of registrant for the three months ended
March 31, 2001, follow.  The financial statements reflect all adjustments
which are, in the opinion of management, necessary to a fair statement of
the results for the interim period presented.

                                      3

<PAGE>

G. BRAD BECKSTEAD
---------------------------
Certified Public Accountant

                                                  330 E. Warm Springs
                                                 Las Vegas, NV  89119
                                                         702.528.1984
                                                  425.928.2877 (efax)

                INDEPENDENT ACCOUNTANT'S REVIEW REPORT
                --------------------------------------

Board of Directors
General Telephony.com, Inc.
(a Development Stage Company)
Las Vegas, NV

I have reviewed the accompanying balance sheet of General Telephony.com,
Inc. (a Nevada corporation) (a development stage company) as of March 31,
2001 and the related statements of operations for the three-months ended
March 31, 2001 and 2000 and for the period March 29, 2000 (Inception) to
March 31, 2001, and statements of cash flows for the three-month period
ending March 31, 2001 and 2000 and for the period March 29, 2000
(Inception) to March 31, 2001.  These financial statements are the
responsibility of the Company's management.

I conducted my reviews in accordance with standards established by the
American Institute of Certified Public Accountants.  A review of interim
financial information consists principally of applying analytical
procedures to financial data, and making inquiries of persons responsible
for financial and accounting matters.  It is substantially less in scope
than an audit conducted in accordance with generally accepted auditing
standards, which will be performed for the full year with the objective
of expressing an opinion regarding the financial statements taken as a
whole.  Accordingly, I do not express such an opinion.

Based on my reviews, I am not aware of any material modifications that
should be made to the accompanying financial statements referred to above
for them to be in conformity with generally accepted accounting
principles.

The accompanying financial statements have been prepared assuming the
Company will continue as a going concern.  As discussed in Note 5 to the
financial statements, the Company has had limited operations and has not
commenced planned principal operations.  This raises substantial doubt
about its ability to continue as a going concern.  Management's plans in
regard to these matters are also described in Note 5.  The financial
statements do not include any adjustments that might result from the
outcome of this uncertainty.

I have previously audited, in accordance with generally accepted auditing
standards, the balance sheet of General Telephony.com, Inc. (a development
stage company) as of December 31, 2000, and the related statements of
operations, stockholders' equity, and cash flows for the year then ended
(not presented herein) and in my report dated March 21, 2001, I expressed
an unqualified opinion on those financial statements.

/s/ G. Brad Beckstead
---------------------

May 7, 2001


                                        4
<PAGE>


                        General Telephony.com, Inc.
                       (A Development Stage Company)

                              Balance Sheet


<TABLE>
<CAPTION>

BALANCE SHEET

                                               (unaudited)
                                                March 31,    December 31,
Assets                                             2001            2000
                                                ---------     ----------
<S>                                             <C>           <C>
Current assets:
  Cash                                          $   6,204     $   11,302
                                                ---------     ----------
Total Current Assets                            $   6,204     $   11,302

Equipment, net                                     17,333         18,333
                                                ---------     ----------
Total Assets                                    $  23,537     $   29,635
                                                =========     ==========


Liabilities and Stockholders' Equity

Current liabilities:
  Accounts payable                              $       -     $      630
  Other current liabilities                            18             85
                                                ---------     ----------
Total current liabilities                              18            715

Stockholders'Equity

Common stock, $0.001 par value,
     20,000,000 shares authorized;
     3,011,300 shares issued and
     outstanding                                    3,011         3,011
Additional paid-in capital                         59,354        59,354
Deficit accumulated during development stage      (38,846)      (33,445)
                                                ----------     ---------
Total Stockholders' Equity                         23,519        28,920
                                                ---------     ---------
Total Liabilities and Stockholders' Equity      $  23,537     $  29,635
                                                =========     =========

</TABLE>

The Accompanying Notes are an Integral Part of These Financial Statements.

                                      5
<PAGE>


                        General Telephony.com, Inc.
                       (A Development Stage Company)

                            Statement of Operations
                                (Unaudited)

            For the Three Months Ending March 31, 2001 and 2000
       and For the Period November 12, 1999 (Inception) to March 31, 2001

<TABLE>
<CAPTION>

STATEMENT OF OPERATIONS

                                                            November 12,
                                      Three Months Ended        1999
                                           March 31,       (Inception) to
                                    ---------------------    March 31,
                                       2001        2000        2001
                                    ---------    --------    -----------
<S>                                 <C>          <C>         <C>
Revenue                             $   1,466    $      -    $     2,904

Costs of services and operating expenses:
  Line charges                          1,261           -          3,501
  Depreciation expense                  1,000           -          2,667
  General and administrative expenses   4,606         525         35,582
                                    ---------    --------    -----------
    Total expenses                      6,867         525         41,750
                                    ---------    --------    -----------
Net income or (loss)                 $ (5,401)   $   (525)   $   (38,846)
                                    =========    ========    ===========

Weighted average number of
    common shares outstanding      3,011,300     1,800,000     2,450,054
                                   =========     =========   ===========
   Net (loss) per share            $   (0.00)    $   (0.00)   $    (0.02)
                                   =========     =========   ===========
</TABLE>

The Accompanying Notes are an Integral Part of These Financial Statements.

                                       6

<PAGE>



                  Benchmark Technology Corporation
                     (A Development Stage Company)

                        Statement of Cash Flows
                              (Unaudited)
            For the Three Months Ending March 31, 2001 and 2000
       and For the Period November 12, 1999 (Inception) to March 31, 2001

<TABLE>
<CAPTION>

STATEMENT OF CASH FLOWS


                                                            November 12,
                                      Three Months Ended       1999
                                           March 31,       (Inception) to
                                    ---------------------     March 31,
                                       2001        2000         2001
                                    ---------    --------    -----------
<S>                                  <C>          <C>         <C>
Net (loss)                            (5,401)           (525)      (38,846)
Depreciation expense                   1,000               -         2,667
Adjustments to reconcile net
  (loss) to net cash (used) by
  operating activities (Decrease)
  in other current liabilities          (630)            -               -
  Increase/decrease in other
     current liabilities                 (67)            -              18
                                      -------      -------        ---------
Net cash used by
operating activities                  (5,098)          (525)       (36,161)
                                     -------       ---------      ---------

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of equipment                      -             -         (20,000)
                                     -------       -------        ---------
Net cash used by
investing activities                       -             -         (20,000)
                                      ------       -------        ---------

CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock                   -             -          62,365
                                      ------       -------        --------
Net cash provided by
financing activities                       -             -          62,365
                                      ------      --------        --------
Net (decrease) increase in cash       (5,098)         (525)          6,204
                                      ------      --------       ---------
Cash - beginning                      11,302        31,340               -
                                      ------      --------       ---------
Cash - ending cash                   $ 6,204      $ 30,815       $   6,204
                                     =======      ========       =========

Supplemental disclosures:

     Interest paid                   $    -       $     -        $      -
                                     =======      =======        ========
     Income taxes paid               $    -       $     -        $      -
                                     =======      =======        ========


</TABLE>

The Accompanying Notes are an Integral Part of These Financial Statements.


                                      7
<PAGE>
                         General Telephony.com, Inc.
                        (A Development Stage Company)
                                   Notes


Note 1 - Significant accounting policies and procedures

Organization
------------
The Company was organized November 12, 1999 (Date of Inception) under the
laws of the State of Nevada.

The Company has not commenced significant operations and in accordance
with SFAS #7, the Company is considered a development stage company.

The Company is authorized to issue 20,000,000 shares of $.001 par value
common stock and 5,000,000 shares of $.001 par value preferred stock.

Estimates
---------
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities
and disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenue and expenses
during the reporting period.  Actual results could differ from those
estimates.

Cash and cash equivalents
-------------------------

The Company maintains a cash balance in a non-interest-bearing account
that currently does not exceed federally insured limits.  For the purpose
of the statements of cash flows, all highly liquid investments with an
original maturity of three months or less are considered to be cash
equivalents.

Equipment
---------

The cost of equipment is depreciated over the following estimated useful
life of the equipment utilizing the straight-line method of depreciation:

                      Telephone equipment     5 years

Revenue recognition
-------------------

The Company recognizes revenue on an accrual basis as it invoices for
services.

Reporting on the costs of start-up activities
---------------------------------------------

Statement of Position 98-5 (SOP 98-5), "Reporting on the Costs of Start-Up
Activities," which provides guidance on the financial reporting of start-up
costs and organizational costs, requires most costs of start-up activities
and organizational costs to be expensed as incurred.  SOP 98-5 is effective
for fiscal years beginning after December 15, 1998.  With the adoption of
SOP 98-5, there has been little or no effect on the Company's financial
statements.

                                       8
<PAGE>

                         General Telephony.com, Inc.
                        (A Development Stage Company)
                                   Notes
Loss per share
--------------

Net loss per share is provided in accordance with Statement of Financial
Accounting Standards No. 128 (SFAS #128) "Earnings Per Share".  Basic loss
per share is computed by dividing losses available to common stockholders
by the weighted average number of common shares outstanding during the
period.  The Company had no dilutive common stock equivalents, such as
stock options or warrants as of March 31, 2001.

Advertising Costs
-----------------

The Company expenses all costs of advertising as incurred.  There were no
advertising costs included in selling, general and administrative expenses
in 2000.

Fair value of financial instruments
-----------------------------------

Fair value estimates discussed herein are based upon certain market
assumptions and pertinent information available to management as of March
31, 2001.  The respective carrying value of certain on-balance-sheet
financial instruments approximated their fair values. These financial
instruments include cash and accounts payable. Fair values were assumed
to approximate carrying values for cash and payables because they are short
term in nature and their carrying amounts approximate fair values or they
are payable on demand.

Impairment of long lived assets
-------------------------------

Long lived assets held and used by the Company are reviewed for possible
impairment whenever events or circumstances indicate the carrying amount
of an asset may not be recoverable or is impaired.  No such impairments
have been identified by management at March 31, 2001.

Segment reporting
-----------------

The Company follows Statement of Financial Accounting Standards No. 130,
"Disclosures About Segments of an Enterprise and Related Information".
The Company operates as a single segment and will evaluate additional
segment disclosure requirements as it expands its operations.

Dividends
---------

The Company has not yet adopted any policy regarding payment of dividends.
No dividends have been paid or declared since inception.


                                    9
<PAGE>



                         General Telephony.com, Inc.
                        (A Development Stage Company)
                                   Notes

Recent pronouncements
---------------------

The FASB recently issued Statement No. 137, "Accounting for Derivative
Instruments and Hedging Activities-Deferral of Effective Date of FASB
Statement No. 133".  The Statement defers for one year the effective date
of FASB Statement No. 133, "Accounting for Derivative Instruments and
Hedging Activities".  The rule now will apply to all fiscal quarters of
all fiscal years beginning after June 15, 2000.  In June 1998, the FASB
issued SFAS No. 133, "Accounting for Derivative Instruments and Hedging
Activities."  The Statement will require the company to recognize all
derivatives on the balance sheet at fair value.  Derivatives that are
not hedges must be adjusted to fair value through income, if the
derivative is a hedge, depending on the nature of the hedge, changes in
the fair value of derivatives will either be offset against the change
in fair value of the hedged assets, liabilities, or firm commitments
through earnings or recognized in other comprehensive income until the
hedged item is recognized in earnings.  The ineffective portion of a
derivative's change in fair value will be immediately recognized in
earnings.  The company does not expect SFAS No. 133 to have a material
impact on earning s and financial position.

In December 1999, the Securities and Exchange Commission released Staff
Accounting Bulletin No. 101, Revenue Recognition in Financial Statements
(SAB No. 101), which provides guidance on the recognition, presentation
and disclosure of revenue in financial statements.  SAB No. 101 did not
impact the company's revenue recognition policies.

Note 2 - Income taxes

Income taxes are provided for using the liability method of accounting in
accordance with Statement of Financial Accounting Standards No. 109 (SFAS
#109) "Accounting for Income Taxes".  A deferred tax asset or liability
is recorded for all temporary differences between financial and tax
reporting.  Deferred tax expenses (benefit) results from the net change
during the year of deferred tax assets and liabilities.

There is no provision for income taxes for the year ended March 31, 2001,
due to the net loss and no state income tax in Nevada.

Note 3 - Stockholders' Equity

The Company is authorized to issue 20,000,000 shares of $.001 par value
common stock and 5,000,000 shares of $.001 par value preferred stock.

On November 15, 1999, the Company issued 1,800,000 shares of its $.001
par value common stock to its founders for cash of $1,800.

On May 31, 2000, the Company issued 840,000 shares of its $.001 par
value common stock at $.05 per share for cash of $42,000.  The shares
were issued pursuant to a Regulation D, Rule 506 of the Securities and
Exchange Commission Act of 1933 offering.

                                     10
<PAGE>


                         General Telephony.com, Inc.
                        (A Development Stage Company)
                                   Notes



On December 5, 2000, the Company issued 371,300 shares of its $.001 par
value common stock at $.05 per share for cash of $18,565.  The shares were
issued pursuant to a Regulation D, Rule 504 of the Securities and Exchange
Commission Act of 1933 offering.

There have been no other issuances of common or preferred stock.

Note 4 - Going concern

The Company's financial statements are prepared using the generally
accepted accounting principles applicable to a going concern, which
contemplates the realization of assets and liquidation of liabilities in
the normal course of business.  However, the Company has not commenced
its planned principal operations.  Without realization of additional
capital, it would be unlikely for the Company to continue as a going
concern.

Note 5 - Related party transactions

The Company does not lease or rent any property.  Office services are
provided without charge by a director.  Such costs are immaterial to the
financial statements and, accordingly, have not been reflected therein.
The officers and directors of the Company are involved in other business
activities and may, in the future, become involved in other business
opportunities.  If a specific business opportunity becomes available, such
persons may face a conflict in selecting between the Company and their
other business interests.  The Company has not formulated a policy for the
resolution of such conflicts.

Note 6 - Warrants and options

There are no warrants or options outstanding to acquire any additional
shares of common stock.



                                     11

<PAGE>


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF PLAN OF OPERATIONS

General Telephony.com, Inc., a pay telephone service company,
hereinafter referred to as "General Telephony.com, Inc." or the "
Company" or the "Registrant", was organized by the filing of Articles
of Incorporation with the Secretary of State of the State of Nevada on
November 12, 1999.

The Company is a development stage pay telephone service company which
plans to provide management for the collection of pay telephone coin revenues
including the repair and maintenance of existing pay telephone equipment,
and the installation of new equipment.  As well, it will evaluate the
profitability of prospective pay telephone locations and the removal and/or
relocation of such equipment as necessary.

The Company has a limited operating history upon which an evaluation of
the Company, its current business and its prospects can be based, each
of which must be considered in light of the risks, expenses and problems
frequently encountered by all companies in the early stages of development,
and particularly by such companies entering new and rapidly developing
markets.  The Company's prospects must be considered in light of the risks,
uncertainties, expenses and difficulties frequently encountered by companies
in their early stages of development.

The market that General Telephony.com, Inc. plans to target is the city of
Houston, Texas, where the company is headquartered, and a radius of 100
miles around Houston.  Once it has established this foothold, the Company
will expand its horizons to include larger portions of the state of Texas
and surrounding states, from which territory it can perfect its replicable
techniques, link with other regions, and establish a national presence.

Changes related to deregulation of the Pay Telephone Industry in Texas
in 1996-97 removed state rate caps on the price of local phone calls and
allowed providers to charge for directory assistance calls from a payphone.
New rates for local calls from payphones range from 35 cents to $1.00.
Additionally, private payphone owners are now allowed to charge long-
distance carriers for calls placed to the long-distance company's toll
free numbers from payphones.  This so-called "dial-around" compensation for
payphone owners was one of the most controversial aspects of the FCC's
payphone order.  The FCC found that payphone owners should be compensated
for the use of the instrument for each and every completed call. After
setting a rate and having it appealed a the Circuit Court of the District of
Columbia by several long-distance carriers, the Court determined that the
appropriate rate of compensation should be 28.4 cents for each completed
call. Carriers are required to compensate the payphone owner 28.4 cents for
each completed call from a payphone and are passing this cost through to
either the person using the credit card or to the "800" number
subscriber.

                                     12

<PAGE>


This action can have a dramatic effect on the potential profitability
of pay telephone management services and has opened up opportunities for
smaller companies like General Telephony.com, Inc.  The opportunity to
set rates is an obvious advantage as it provides the flexibility to
create a profitable business.  Calls to Information are frequent and
provide additional revenues.  But perhaps most important, given the
number of credit card customers who now access their long-distance
provider using an 800 or other toll-free number, the ability to charge
long-distance carriers for all those calls placed on the Company's
equipment opens another major profit center.

Houston, Texas, the Company's target area, is the fourth-largest city
in the United States.  Though its economy was dramatically impaired by
the world-wide oil crisis of the early-80's, its economy has improved
steadily ever since and its current rates of employment and economic
activity are impressive and mark over fifteen years of continuous growth.
According to the U.S. Census Bureau, Harris County, the county that
includes Houston and the area surrounding it, is the third largest county
in the United States with a population of 3,250,404 people and is 1,788
square miles in area.  It has some 1.5 million payphones.

The Company has not achieved profitability to date, and the Company
anticipates that it will continue to incur net losses for the foreseeable
future.  The extent of these losses will depend, in part, whether the
Company's can develop new markets for its pay telephone business and
equipment.  As of March 31, 2001, the Company had an accumulated deficit of
$38,846.  The Company expects that its operating expenses will increase
during the next several months, especially in the areas of seeking new
locations for its pay telephone equipment.  To the extent that increases
in its operating expenses precede or are not subsequently followed by
commensurate increases in revenues, or that the Company is unable to
adjust operating expense levels accordingly, the Company's business, results
of operations and financial condition would be materially and adversely
affected.  There can be no assurances that the Company can achieve or
sustain profitability or that the Company's operating losses will not
increase in the future.

Going Concern - The Company experienced operating losses for the period
ended March 31, 2001.  The financial statements have been prepared
assuming the Company will continue to operate as a going concern which
contemplates the realization of assets and the settlement of
liabilities in the normal course of business.  No adjustment has been
made to the recorded amount of assets or the recorded amount or
classification of liabilities which  would be required if the Company
were unable to continue its operations.  As discussed in Note 5, of
the notes to the financial statements, management believes it has
enough funds to operate for the next twelve (12) months without the
need to raise additional capital to meet its obligations in the normal
course of business.

Unclassified Balance Sheet - In accordance with the provisions of SFAS
No. 53, the Company has elected to present an unclassified balance sheet.

Loss Per Share - The Company adopted the provisions of Statement
Of Financial Accounting Standards ("SFAS") No. 128, "Earnings Per
Share" that established standards for the computation, presentation
and disclosure of earnings per share ("EPS"), replacing the
presentation of Primary EPS with a presentation of Basic EPS.  It also
requires dual presentation of Basic EPS and Diluted EPS on the face of
the income statement for entities with complex capital structures.
The Company did not present Diluted EPS since it has a simple capital
structure.

                                     13

<PAGE>

Results of Operations
---------------------

As a developmental stage Company, the Company has generated $2,904 in
revenues since its inception.  During the First Quarter, ended March 31,
2001, the company earned $1,466 in revenues, mainly through the rental of
pay telephone equipment owned by the Company.  Total expenses for the
First Quarter were $6,867, which included:  $1,261 in line charges; $1,000
in depreciation expense and $4,606 in general and administrative expenses.
During the First Quarter, ended, March 31, 2001, the Company had a net loss
of $5,401 as compared to net loss of $525 for the same period last year.
Since the Company's inception, it has incurred an accumulated net loss
of $38,846.  The Company does not have any material commitments for
capital expenditures.

Plan of Operation
-----------------

Management does not believe the company will generate any profit until
sometime in next Calendar Year as developmental and marketing costs will
most likely exceed any anticipated revenues.  Management is still in the
process of expanding its pay telephone customer base for the Company.

The Company believes it has enough monies to sustain itself for the next
twelve months, during this developmental process.

Liquidity and Capital Resources
-------------------------------

The Company is authorized to issue 20,000,000 shares of its $0.001 par value
common stock and 5,000,000 shares of its $0.001 par value preferred stock.

On November 15, 1999, the Company issued 1,800,000 shares of its $.001 par
value common stock for cash of $1,800.

On December 5, 2000, the Company issued 840,000 shares of its $.001 par value
common stock at $.05 per share for cash of $42,000 to six unaffiliated
investors.  The shares were issued pursuant to a Securities and Exchange
Commission Rule 506 offering.  The Company filed an original Form D with the
Securities and Exchange Commission.

On May 31, 2000, the Company issued 371,300 shares of its $.001 par value
common stock at $.05 per share for cash of $18,565.  The shares were issued
pursuant to a Securities and Exchange Commission Rule 504 offering, and a
Registration to sell 504 shares was issued by the Nevada Secretary of State
Security Division.  The Company filed an original Form D with the Securities
and Exchange Commission.

There have been no other issuances of common or preferred stock.

The Company has limited financial resources available, which has had an
adverse impact on the Company's liquidity, activities and operations.  These
limitations have adversely affected the Company's ability to obtain certain
projects and pursue additional business.  There is no assurance that the
proceeds of the Company will be able to raise sufficient funding to enhance
the Company's financial resources sufficiently to generate volume for the
Company.

The Company has no material commitments for capital expenditures nor
does it foresee the need for such expenditures over the next year.

                                     14

<PAGE>

Employees
---------

The Company currently has 2 employees who are both officers and
directors of the Company.  These employees received no compensation
through March 31, 2001.  The Company does not plan to hire any
additional employees until it can become an profitable entity.


Market For Company's Common Stock
---------------------------------

The common stock of the Company is currently not traded on the NASDAQ OTC
Bulletin Board or any other formal or national securities exchange.  There
is no trading market for the Company's Common Stock at present and there has
been no trading market to date.  The Company has applied for listing of
its Common Stock on the NASDAQ OTC Bulletin Board and is currently in the
Comment phase.

There is currently no Common Stock which is subject to outstanding options
or warrants to purchase, or securities convertible into, the Company's
common stock.

Dividend Policy
---------------

The Company has not yet adopted any policy regarding payment of dividends.
No dividends have been paid since inception.

Forward-Looking Statements
--------------------------

This Form 10-QSB includes "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended.  All statements, other than
statements of historical facts, included or incorporated by reference in this
Form 10-QSB which address activities, events or developments which the Company
expects or anticipates will or may occur in the future, including such things
as future capital expenditures (including the amount and nature thereof),
finding suitable merger or acquisition candidates, expansion and growth of the
Company's business and operations, and other such matters are forward-looking
statements.  These statements are based on certain assumptions and analyses
made by the Company in light of its experience and its perception of
historical trends, current conditions and expected future developments as well
as other factors it believes are appropriate in the circumstances.  However,
whether actual results or developments will conform with the Company's
expectations and predictions is subject to a number of risks and uncertainties,
general economic market and business conditions; the business opportunities
(or lack thereof) that may be presented to and pursued by the Company; changes
in laws or regulation; and other factors, most of which are beyond the control
of the Company.


                                    15
<PAGE>

This Form10-QSB contains statements that constitute "forward-looking
statements." These forward-looking statements can be identified by the use of
predictive, future-tense or forward-looking terminology, such as "believes,"
"anticipates," "expects," "estimates," "plans," "may," "will," or similar
terms. These statements appear in a number of places in this Registration and
include statements regarding the intent, belief or current expectations of
the Company, its directors or its officers with respect to, among other
things: (i) trends affecting the Company's financial condition or results of
operations for its limited history; (ii) the Company's business and growth
strategies; (iii) the Internet and Internet commerce; and, (iv) the Company's
financing plans.  Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve significant
risks and uncertainties, and that actual results may differ materially from
those projected in the forward-looking statements as a result of various
factors.  Factors that could adversely affect actual results and performance
include, among others, the Company's limited operating history, dependence
on continued growth in the use of the Internet, the Company's inexperience
with the Internet, potential fluctuations in quarterly operating results and
expenses, security risks of transmitting information over the Internet,
government regulation, technological change and competition.

Consequently, all of the forward-looking statements made in this Form 10-QSB
are qualified by these cautionary  statements and there can be no assurance
that the actual results or  developments  anticipated by the Company will be
realized or, even if substantially realized, that they will have the expected
consequence to or effects on the Company or its business or operations.  The
Company assumes no obligations to update any such forward-looking statements.


                                    16
<PAGE>

                       PART II OTHER INFORMATION

ITEM 1.  Legal Proceedings

The Company is not a party to any legal proceedings.

ITEM 2.  Changes in Securities and Use of Proceeds

None.

ITEM 3.  Defaults upon Senior Securities

None.

ITEM 4.  Submission of Matters to a Vote of Security Holders

During the quarter ended March 31, 2001, no matters were submitted to
the Company's security holders.

ITEM 5.  Other Information

None.

ITEM 6.  Exhibits and Reports on Form 8-K

  3     Articles of Incorporation & By-Laws

               (a)Articles of Incorporation of the Company filed November
               12, 1999.  Incorporated by reference to the exhibits to
               the Company's General Form For Registration Of Securities
               Of Small Business Issuers on Form 10-SB, previously filed
               with the Commission.

               (b)By-Laws of the Company adopted November 18, 1999.
               Incorporated by reference to the exhibits to the Company's
               General Form For Registration Of Securities Of Small
               Business Issuers on Form 10-SB, previously filed with the
               Commission.

  4     Instruments Defining the Rights of Security Holders

               (a)Facsimile of specimen common stock certificate,
               incorporated by reference to the exhibits to the Company's
               General Form For Registration Of Securities of Small
               Business Issuers on Form 10-SB, previously filed with the
               Commission.

  13    Annual or Quarterly Reports

               (a) Form 10-KSB for the year ended December 31, 2000.
               Incorporated by reference to the Company's Annual
               Report for Small Business Issuers on Form 10-KSB,
               previously filed with the Commission.

  23    Consent of Experts and Counsel

               Consent of Independent Public Accountant

                                  17


<PAGE>


                              SIGNATURES

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

                                      GENERAL TELEPHONY.COM, INC.
                                      ----------------------------
                                             (Registrant)


Dated:  May 1, 2001

By:   /s/ David D. Selmon, Jr.
------------------------------
David D. Selmon, Jr.,
Chairman of the Board,
President and Chief Executive Officer,
Chief Financial Officer


                                      GENERAL TELEPHONY.COM, INC.
                                      ----------------------------
                                              (Registrant)


Dated:  May 1, 2001

By:   /s/ Melissa Fernandez
---------------------------
Melissa Fernandez,
Secretary and Director

                                        18



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