SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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

                                   FORM 10-QSB

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

                For the quarterly period ended September 30, 2001
                               ------------------

     [_] 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 _________

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

                  Utah                                 87-0426858
          --------------------                    --------------------
     (State or other jurisdiction of        (IRS Employer Identification No.)
      Incorporation or organization)

            233 Wilshire Boulevard, Suite 930, Santa Monica, CA 90401
           ----------------------------------------------------------
                    (Address of principal executive offices)

                                 (310) 434-1974
                                 --------------
                           (Issuer's telephone number)

                                       N/A
          ------------------------------------------------------------
              (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  [X]   No  [ ]

As of  October  15,  2001,  the  number of shares of  Common  Stock  issued  and
outstanding was 8,010,430.

Transitional Small Business Disclosure Format (check one):
Yes  [ ]   No  [X]

<PAGE>

                     CONVERGE GLOBAL, INC. AND SUBSIDIARIES

                                      INDEX

                                                                         Page
                                                                        Number
                                                                        ------

PART I - FINANCIAL  INFORMATION

   Item 1.  Financial Statements (unaudited)                          F-1 to F-6

   Consolidated Balance Sheets - September 30, 2001                      F-1

   Consolidated Statement of Operations - For the three and
   nine months ended September 30, 2001 and 2000                         F-2

   Consolidated Statement of Cash Flows - For the nine months
   ended September 30, 2001 and 2000                                  F-3 to F-5

   Notes to Consolidated Financial Statements                         F-4 to F-7

   Item 2.  Management's Discussion and Analysis of Financial
      Conditions and Results of Operations                                1

PART II - OTHER INFORMATION

   Item 1.  Legal Proceedings                                             5

   Item 2.  Changes in Securities                                         5

   Item 3.  Defaults Upon Senior Securities                               5

   Item 4.  Submission of Matters to a Vote of Security Holders           5

   Item 5.  Other Information                                             5

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

SIGNATURES                                                                7

                                       i
<PAGE>

                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

                     CONVERGE GLOBAL, INC. AND SUBSIDIARIES
                     CONSOLIDATED BALANCE SHEET (UNAUDITED)
                               SEPTEMBER 30, 2001

                                                                         2001
                                                                      ---------
                                     ASSETS
                                     ------
Current assets:
   Cash                                                               $  12,286

Fixed assets:
   Website Development less accumulated ammortization (See Note 6)      180,000
   Property and Equipment less accumulated depreciation (See Note 7)     17,906
                                                                      ---------

      Total assets                                                    $ 210,192
                                                                      =========

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------
Current liabilities:
   Accrued Expenses (See Note 10)                                     $ 209,074
   Loans Payable (See Note 1 & 11)                                      192,764
                                                                      ---------

      Total Liabilities                                                 401,838
                                                                      ---------

Minority Interest                                                       276,481

Stockholders' equity:
   Common stock $.001 par value; shares authorized 50,000,000
   issued and outstanding 7,933,170 for 2001                              7,933
   Common stock subscriptions recievable                                 (2,000)
   Paid-in capital                                                      364,117
   Retained earnings (deficit)                                         (838,177)
                                                                      ---------

      Total stockholders' equity                                       (468,127)
                                                                      ---------

      Total liabilities and stockholders' equity                      $ 210,192
                                                                      =========

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS.

                                      F-1
<PAGE>

                     CONVERGE GLOBAL, INC. AND SUBSIDIARIES
                CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
                       FOR THE PERIOD ENDED SEPTEMBER 30,

<TABLE>
<CAPTION>
                                                     Three months ended Sept. 30,   Nine months ended Sept. 30,
                                                          2001           2000           2001           2000
                                                      -----------    -----------    -----------    -----------
<S>                                                   <C>            <C>            <C>            <C>
Revenues (Notes 4 and 10)                             $        --    $   177,695    $    10,000    $   178,053

Cost of Revenues                                               --         61,194             --         61,194
                                                      -----------    -----------    -----------    -----------

Gross Profit                                                   --        116,501         10,000        116,859
                                                      -----------    -----------    -----------    -----------

Operating Expenses                                         25,494        548,915        219,859      1,353,991
                                                      -----------    -----------    -----------    -----------

Gain (Loss) from Operations                               (25,494)      (432,414)      (209,859)    (1,237,132)

Gain on sale of subsidiary stock to related parties            --        425,990             --        425,990

Interest Expense (Income)                                      --          4,687           (519)        14,062
                                                      -----------    -----------    -----------    -----------

(Loss) before Income Taxes                                (25,494)       (11,111)      (209,340)      (825,204)

Income Taxes                                                   --             --            800            800

Minority Loss allocation                                      (33)        16,208           (205)       (50,921)
                                                      -----------    -----------    -----------    -----------

Net income (loss)                                     $   (25,461)   $   (27,319)   $  (209,935)   $  (775,083)
                                                      ===========    ===========    ===========    ===========

Income (Loss) per share:
      Basic and diluted                               $     (0.00)   $     (0.00)   $     (0.02)   $     (0.09)
                                                      ===========    ===========    ===========    ===========

Number of shares used in the per share calculation:
      Basic and diluted                                 8,433,170      8,918,100      8,433,170      8,918,100
                                                      ===========    ===========    ===========    ===========
</TABLE>

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS.

                                      F-2
<PAGE>

                     CONVERGE GLOBAL, INC. AND SUBSIDIARIES
                       STATEMENT OF CASH FLOWS (UNAUDITED)
                     FOR THE NINE MONTHS ENDED SEPTEMBER 30,

<TABLE>
<CAPTION>
                                                                2001           2000
                                                            -----------    -----------
<S>                                                         <C>            <C>
Cash flows from operating activities:
   Net income (loss)                                        $  (209,935)   $  (775,083)

Adjustments to reconcile net income to net cash
 provided by (used in) operating activities:
   Depreciation and ammortization                                26,182         46,536
   Increase in Recievable                                                      (77,742)
   Shares issued for service                                      3,000
   Increase (Decrease) in due from employees                         --         (9,358)
   Increase (Decrease) in accrued expenses and a/r               50,456         (6,056)
   Minority Interest                                                205        (50,921)
                                                            -----------    -----------

      Net cash (used in) operating activities                  (130,092)      (872,624)
                                                            -----------    -----------

Cash flows used for investing activities:
   (Payments) to acquire property and equipment                               (110,881)
   Investment in Website development                                 --        (70,000)
                                                            -----------    -----------

      Net cash provided by (used in) investing activities            --       (180,881)
                                                            -----------    -----------

Cash flows from financing activities:
   Proceeds (repayment) of note payables                        130,561       (328,651)
   Proceeds from sale of securities of subsidiaries                  --      1,516,981
                                                            -----------    -----------

      Net cash provided by (used in) financing activities       130,561      1,188,330
                                                            -----------    -----------

Net increase (decrease) in cash and cash equivalents                469        134,825

Cash and cash equivalents at beginning of period                 11,817          2,462
                                                            -----------    -----------

Cash and cash equivalents at end of period                  $    12,286    $   137,287
                                                            ===========    ===========

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS.

                                      F-3
<PAGE>

Supplemental disclosure of cash flow information:

      Interest paid                                         $       519    $        --
                                                            ===========    ===========

      Income taxes paid                                     $       800    $       800
                                                            ===========    ===========

Supplemental disclosure of non-cash investing
      and financing activities:

      Services rendered in exchange for common stock        $        --    $   425,990
                                                            ===========    ===========

      Issuance of options under stock option plan           $        --    $        --
                                                            ===========    ===========

      Exercise of options under stock option plan           $        --    $        --
                                                            ===========    ===========
</TABLE>

SEE ACCOMPANYING NOTES TO THE FINANCIAL STATEMENTS.

                                      F-4
<PAGE>

                     CONVERGE GLOBAL, INC. AND SUBSIDIARIES
                        (A DEVELOPMENT STAGE ENTERPRISE)

              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

             THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000

(1)  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

     ORGANIZATION AND BASIS OF PRESENTATION:

          The Company was organized October 4, 1985, under the laws of the State
          of  Utah,   as  Mormon  Mint,   Inc.  The  Company  was  inactive  for
          approximately 10 years.

          On December 4, 1997,  the Company  changed its name from Mormon  Mint,
          Inc. to Capital Placement Specialists, Inc.

          Pursuant to an  acquisition  agreement,  dated January 5, 1999,  Bekam
          Investments, Ltd. ("Bekam") acquired one hundred percent (100%) of the
          common shares of the Company at that time; or 2,340,100 shares.  Bekam
          subsequently  spun off the Company by  contributing  the shares to the
          treasury of the Company for  redistribution  to selected  investors of
          Bekam. The Company then changed its name to Converge Global, Inc.

     PRINCIPLES OF CONSOLIDATION:

          The accompanying financial statements include the accounts of Converge
          Global,  Inc. (the "Parent"),  and its  subsidiaries,  Digitalmen.com,
          Inc.,  EssTec,  Inc.  and  LiquidationBid.com,  Inc.  All  significant
          inter-company  accounts  and  transactions  have  been  eliminated  in
          consolidation.

<TABLE>
<CAPTION>
                                      Percent of
          Subsidiary                  ownership                   Description
          ----------                  ---------                   -----------
<S>                                     <C>               <C>
          Digitalmen.com, Inc.          84.24%            Digitalmen.com, Inc. (formerly
                                                          Gearz.com, Inc.) was formed on
                                                          February 5, 1999 in the State
                                                          of California.

                                      F-5
<PAGE>

                     CONVERGE GLOBAL, INC. AND SUBSIDIARIES
                        (A DEVELOPMENT STAGE ENTERPRISE)

              NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

             THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000

(1)  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
     PRINCIPLES OF CONSOLIDATION, CONTINUED:

                                      Percent of
          Subsidiary                  ownership                   Description
          ----------                  ---------                   -----------

          LiquidationBid.com, Inc.        0%         LiquidationBid.com, Inc. (a development
                                                     stage company) was incorporated on April
                                                     8, 1999 in the State of Nevada. The
                                                     Company was awarded 1,000,000 of the
                                                     2,000,000 outstanding shares of
                                                     LiquidationBid.com, Inc. in exchange for
                                                     the rights to services. No value has been
                                                     assigned to these future rights, and therefore,
                                                     there is no cost basis in this investment.
                                                     LiquidationBid.com, Inc. As of May 16,
                                                     2001, this asset was exchanged for $10,000
                                                     due in 120 days.
</TABLE>

     GOING CONCERN:

          The Company's consolidated 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.  The Company has no
          current source of revenue.  Without realization of additional capital,
          it would be unlikely  for the Company to continue as a going  concern.
          This factor raises  substantial  doubt about the Company's  ability to
          continue as a going concern.

          Management  recognizes  that  the  Company  must  generate  additional
          resources to enable it to continue operations.  The Company intends to
          begin   recognizing   significant   revenue   during  the  year  2001.
          Management's   plans  also  include  the  sale  of  additional  equity
          securities.  However,  no assurance can be given that the Company will
          be successful in raising additional capital.  Further, there can be no
          assurance, assuming the Company successfully raises additional equity,
          that the Company will achieve  profitability or positive cash flow. If
          management  is  unable  to  raise  additional   capital  and  expected
          significant  revenues do not result in positive cash flow, the Company
          will  not be able to meet  its  obligations  and  will  have to  cease
          operations.

     BASIS OF PREPARATION:

          The accompanying  unaudited condensed  consolidated  interim financial
          statements  have  been  prepared  in  accordance  with the  rules  and
          regulations  of  the  Securities  and  Exchange   Commission  for  the
          presentation of interim financial information,  but do not include all
          the   information  and  footnotes   required  by  generally   accepted
          accounting principles for complete financial  statements.  The audited
          consolidated financial statements for the two years ended

                                      F-6
<PAGE>

          December 31, 2000 was filed on April 16, 2001 with the  Securities and
          Exchange  Commission  and is  hereby  referenced.  In the  opinion  of
          management,   all   adjustments   considered   necessary  for  a  fair
          presentation  have been included.  Operating results for the six-month
          period  ended  June 30,  2001 are not  necessarily  indicative  of the
          results that may be expected for the year ended December 31, 2001.

(2)  REVENUE:

          All revenue is derived from related party transactions.

(3)  SUBSEQUENT EVENTS:

On October 5, 2001 the Company sold 800,000  shares of EssTec stock owned by the
Company for $80,000 resulting in a gain of $80,000 which was not given effect on
this financial statement.

                                      F-7
<PAGE>

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

The discussion and financial  statements  contained herein are for the three and
nine  months  ended  September  30,  2001 and  2000.  The  following  discussion
regarding the financial  statements of the Company should be read in conjunction
with the financial statements of the Company included herewith.

OVERVIEW.

The Company's business is focused in the globally emerging  electronic  commerce
("e-commerce") industry.

PLAN OF OPERATIONS.

With  the  winding  down  of  continued   development   of   LiquidationBid.com,
DesiTV.com,  and  Machmail.com,  the Company's  cash  requirements  for the next
twelve months have decreased from  approximately  $40,000 per month last year to
approximately  $15,000  per  month  currently.  With a  $250,000  line of credit
granted by a director  (see  "Liquidity  and  Capital  Resources"),  the Company
should be able to continue its operations  for the next twelve months.  However,
due to the downturn in the website  development  and  e-commerce  industry,  the
Company has begun to seek candidates in other  industries for potential  merger,
acquisition,  or joint venture  (collectively,  a "business  combination").  The
Company  is  targeting  other  technology  companies  for a  potential  business
combination,  but will consider any  candidate  with the potential for or actual
revenue  generation.  There  can  be no  assurance  that  the  Company  will  be
successful  in  locating  a  suitable  business  combination  candidate  nor  in
completing  a  business  combination.  Should  the  Company  fail to locate  and
complete a business combination,  the Company believes that it will not generate
any revenues  and it will be forced to curtail its growth,  cut back by reducing
the number of employees or even cease operations altogether.

The Company does not anticipate any new research and development to be conducted
in the near  future.  The Company  does not  anticipate  any purchase or sale of
plant and/or  equipment nor does the  management  anticipate any increase in the
number of employees.

RESULTS OF OPERATIONS.

The Company did not  generate  any  revenues in the three or nine month  periods
ended September 30, 2001.  Currently,  the Company's only cash  requirements are
for  rent  and  salaries.  The  following  table  sets  forth,  for the  periods
indicated, selected financial information for the Company:

                                       1
<PAGE>

<TABLE>
<CAPTION>
========================================================================================================
                                              THREE MONTHS   THREE MONTHS    NINE MONTHS    NINE MONTHS
                                                  ENDED          ENDED          ENDED          ENDED
                                              SEPTEMBER 30,  SEPTEMBER 30,  SEPTEMBER 30,  SEPTEMBER 30,
                                                  2001           2000           2001           2000
                                               (UNAUDITED)    (UNAUDITED)    (UNAUDITED)    (UNAUDITED)
<S>                                            <C>            <C>            <C>            <C>
Total Revenue                                  $       -0-    $   177,695    $    10,000    $   178,053
Cost of Revenue                                        -0-         61,194            -0-         61,194
Gross Profit                                           -0-        116,501         10,000        116,859
General, Administrative and
   Selling Expenses                                 25,494        548,915        219,859      1,353,991
(Loss) from Operations                            (25,494)      (432,414)      (209,859)    (1,237,132)
Interest Expense (Income)                              -0-          4,687          (519)         14,062
(Loss) before Taxes                               (25,494)       (11,111)      (209,340)      (825,204)
Taxes on Income                                        -0-            -0-            800            800
Minority loss allocation                              (33)         16,208          (205)       (50,921)
Net Income (loss)                                 (25,461)       (27,319)      (209,935)      (775,083)
========================================================================================================
</TABLE>

THREE  MONTHS  ENDED  SEPTEMBER  30,  2001 AS  COMPARED  TO THREE  MONTHS  ENDED
SEPTEMBER 30, 2000

REVENUES.

The Company had no revenues  for the three months  ended  September  30, 2001 as
compared to $177,695 in revenues for the three months ended  September 30, 2000.
The lack of revenues is due to the  discontinuance of marketing  Digitalmen.com,
the Company's sole remaining website due to the downturn in the industry.

GENERAL, ADMINISTRATIVE, AND SELLING EXPENSES.

The Company  incurred costs of $25,494 for the quarter ended  September 30, 2001
as compared to $548,915 for the quarter ended  September 30, 2000.  The decrease
is due to the  fact  that the  Company  no  longer  consolidates  the  financial
statements of its former subsidiary, EssTec, Inc., since the Company's ownership
is less than 50% of the  outstanding  shares  of  EssTec,  Inc.,  as well as the
Company's  discontinuance  of  development,  maintenance,  and  marketing of its
websites in order to conserve resources.

INTEREST EXPENSE.

The  Company  had no  interest  income or  expense  for the three  months  ended
September 30, 2001 as compared to $4,687  interest  expense for the three months
ended September 30,2000.  The decrease is due to the settlement of the Company's
debt.

LOSS BEFORE TAXES.

The  Company has a loss before  taxes and  minority  interest of $25,494 for the
three  months  ended  September  30,  2001 as  compared to $11,111 for the three
months ended September 30, 2000.

                                       2
<PAGE>

TAXES ON INCOME.

Income tax for the three  months ended  September  30, 2001 and 2000 was $0. The
income tax provision was paid in the first quarter.  There was no federal income
tax in either period as the Company had taxable losses.

NET LOSS.

The Company had a net loss of $25,461 for the quarter  ended  September 30, 2001
as compared to a net loss of $27,319 for the quarter ended September 30, 2000.

NINE MONTHS ENDED  SEPTEMBER 30, 2001 AS COMPARED TO NINE MONTHS ENDED SEPTEMBER
30, 2000

REVENUES.

The Company had $10,000 in revenues for the nine months ended September 30, 2001
as compared to revenues of  $178,053  for the nine months  ended  September  30,
2000.  The  lack  of  revenues  is  due  to  the   discontinuance  of  marketing
Digitalmen.com,  the Company's sole remaining website due to the downturn in the
industry.  The $10,000 in revenues for the nine months ended  September 30, 2001
was derived from the sale of the Company's  LiquidationBid.com  stock on May 16,
2001.

GENERAL, ADMINISTRATIVE, AND SELLING EXPENSES.

The Company  incurred costs of $219,859 for the nine months ended  September 30,
2001 as compared to $1,353,991 for the nine months ended September 30, 2000. The
decrease  is due to the  fact  that  the  Company  no  longer  consolidates  the
financial  statements of its former subsidiary EssTec,  Inc. since the Company's
ownership is less than 50% of the outstanding shares of EssTec, Inc., as well as
the Company's discontinuance of development,  maintenance,  and marketing of its
websites in order to conserve resources.

INTEREST EXPENSE.

The Company had interest  income of $519 for the nine months ended September 30,
2001 as compared to $14,062 interest expense for the nine months ended September
30,2000.  The decrease is due to  settlement  of Company's  debts by  exchanging
shares of EssTec, Inc. in the last quarter of 2000.

LOSS BEFORE TAXES.

The Company has a loss before  taxes and  minority  interest of $209,340 for the
nine months ended September 30, 2001 as compared to $825,204 for the nine months
ended September 30, 2000.

TAXES ON INCOME.

Income tax for the nine months ended  September 30, 2001 and 2000 was $800.  The
income tax provision  represents minimum income tax for the state of California.
There was no federal  income tax in either  period as the  Company  had  taxable
losses.

NET LOSS.

The Company had a net loss of $209,935 for the nine months ended  September  30,
2001 as compared a net loss of $775,083 for the nine months ended  September 30,
2000.

                                       3
<PAGE>

LIQUIDITY AND CAPITAL RESOURCES.

In January 1999, the Company  concluded an offering under Rule 504 of Regulation
D. In this offering the Company raised $25,000 and also issued 2,000,000 options
to purchase shares of its common stock at an exercise price of $0.10 each. These
options were  exercised  on March 30, 1999,  May 7, 1999,  and  September  1999,
raising an additional $200,000.

On May 5, 1999, the Company  executed a promissory note with the holder Verifica
International,  Ltd. in the amount of $250,000. The note paid an annual interest
rate of 7.5% on the  outstanding  balance  and was due on April  15,  2002.  The
Company  settled the note by  exchanging  250,000  shares of its common stock of
EssTec, at $1.00 per share.

On November 1, 1999, the Company's director provided an unsecured line of credit
to the  Company to draw upon,  interest  free,  in the amount of  $250,000 to be
payable by January 1, 2003.

On January 19, 2000,  the Company  executed a convertible  preferred  promissory
note in the amount of $200,000 with  Knightrider  Investments,  Ltd. The Company
borrowed  $140,000  against this line during January and February 2000. The note
was due within one year with 8% annual  interest.  The Company settled this note
by exchanging  139,990 shares of its common stock of EssTec,  at $1.00 per share
in the last quarter of 2000.

The Company  foresees a variety of methods for  diversifying  its operations and
pursuing its  strategic  and business  objectives  without  pulling badly needed
capital  from  its  on-going  operations,  or  incurring  onerous  overhead  and
financing obligations.  These options include mergers,  acquisitions,  licenses,
joint  ventures,   and  even   counter-trade   (technologies  for  technologies)
mechanisms as part of this diversification  methodology. The Company has not yet
engaged in any of these  options as of the date of this filing,  but is actively
pursuing  such  options.  There can be no  assurance  that the  Company can find
adequate  partners  for any of these  alternatives.  In the event the Company is
unable to  implement  such  alternative  methods  of  generating  revenues,  the
operation of the business would be severely and adversely affected.

The Company does not believe that inflation has had a significant  impact on its
operations since inception of the Company.

SUBSIDIARIES.

Digitalmen.com,  Inc. is a majority owned subsidiary of Converge. Digitalmen.com
is a portal site geared  towards men's  interests.  The target group ranges from
ages 18 to 45 with  interests  in finance,  travel,  entertainment,  fashion and
electronics.

Converge was a 50% shareholder of LiquidationBid.com,  Inc.  ("LiquidationBid").
However, on May 16, 2001, Converge sold its LiquidationBid shares.

Converge  is a 20%  shareholder  of MedCom  Network,  Inc.  ("MedCom")  which is
developing  an on-line  data base of disease  codes which are codes found in the
medical  industry  dictionaries.  The Company invested in MedCom by contributing
$30,000 in cash for shares of restricted  common stock of MedCom. As of December
31,  2000,  MedCom  had no  sales  and cost of sales  resulting  in a loss  from
continuing  operations  and net loss. The investment in MedCom is recorded at no
value in the financial  statements as of December 31, 1999 and 2000, as required
by the equity method of accounting.

                                       4
<PAGE>

The Company formerly owned  approximately  35% of EssTec,  Inc.  ("EssTec"),  an
information  technology services Company with an extensive technical labor force
in Pakistan.  EssTec's  services  include  e-Commerce  Solutions,  e-Procurement
applications, auctioning engines, and several other web based solutions. In July
2001,  Converge sold 910,000  shares of EssTec stock owned by it for  $3,185,000
pursuant to an unsecured note  receivable in the future.  However,  on September
27,  2001,  this sale was  cancelled.  On October 1,  2001,  Converge  converted
$135,000  of debt owed to an officer  and  director  for  918,514  shares of its
EssTec stock and  forgiveness  of $43,149 of the  remaining  debt. On October 5,
2001,  Converge  sold all of its  remaining  shares of EssTec  (800,000  shares)
pursuant to an unsecured  note  receivable in the future  resulting in a gain of
$80,000;  upon closing of this  transaction,  the Company will no longer own any
shares of EssTec.

                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

In early  September,  2001,  the Company  became aware that a complaint had been
filed on  September  4,  2001 in  Orange  County  Superior  Court,  case  number
01CC11333, against the Company, Imran Husain, Bekam Investments, Ltd. ("Bekam"),
and Shogun Investments,  Ltd. ("Shogun") by Interactive  Business Channel,  Inc.
("IBC"). The Complaint revolves around an agreement for services,  dated January
18, 1999,  between the Company and IBC wherein the Company agreed to pay 100,000
of  its  shares  to IBC in  exchange  for  services.  The  Company  subsequently
cancelled the 100,000 shares due to  non-performance of IBC. The Company and IBC
then entered into a settlement  agreement,  dated January 11, 1999, granting IBC
28,000  shares  which  could be bought back by the  Company,  Shogun or Bekam at
$1.00 per share. Bekam bought back 8,000 shares,  paying IBC $8,000 and allowing
IBC to retain  20,000  shares.  However,  IBC's  complaint  seeks  $150,000  for
services  rendered,  and  $28,000  for the shares;  as well as  attorneys  fees,
general  damages,   consequential  damages,  exemplary  damages,   disgorgement,
punitive damages, and compensatory  damages, all according to proof. The Company
believes the complaint is meritless and will defend itself in this action if and
when  served.  The Company has not yet been  served with the  complaint  and, as
such, no action on the part of the Company is required at this point.

To the best  knowledge  of  management,  there is no other  material  litigation
pending or threatened against the Company.

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.

None.

ITEM 5. OTHER INFORMATION.

None.

                                       5
<PAGE>

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

The following documents are filed as part of this report:

1.   The following Exhibits are filed herein:

     10.1  Debt Conversion  and  Forgiveness  Agreement,  dated October 1, 2001,
           between Imran Husain and Converge Global, Inc.

     10.2  Stock Purchase Agreement and Unsecured Promissory Note, dated October
           5, 2001, between Ucino Finance Limited and Converge Global, Inc.

2.   Reports on Form 8-K filed:    None.

                                       6
<PAGE>

                                   SIGNATURES

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

                                    CONVERGE GLOBAL, INC.


DATED:     November 15, 2001        By: /s/ Imran Husain
      ---------------------------       --------------------------------
                                        Imran Husain, President, Chief Executive
                                        Officer, and Chief Financial Officer

                                       7