OMB APPROVAL
                                                         ------------
                                               OMB  Number  3235-0416
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                                             Expires:  May  31,  2000
                                           Estimated  average  burden
                                        hours  per  response:  9708.0
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                                 UNITED  STATES
                      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,  2000
                                         ----------------

     TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  EXCHANGE  ACT

     For  the  transition  period  from          to

     Commission  file  number  600-27097
                               ---------

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

   FLORIDA                                                            980215778
   -------                                                            ---------
  (State or other jurisdiction of                              (I.R.S. Employer
   incorporation or organization)                           Identification No.)

      SUITE 204, 65 BRUNSWICK, DOLLARD DES ORMAUX, QUEBEC, CANADA  H9B 2N4
      --------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (514) 421-2294
                                 --------------
                           (Issuer's telephone number)

       SUITE 950 - 2000 MCGILL COLLEGE, MONTREAL, QUEBEC, CANADA  H3A 3H3
       ------------------------------------------------------------------
    (Former name, former address and former fiscal year, if changed since last
                                     report)


<PAGE>

                APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
                   PROCEEDINGS 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

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date:

16,283,127  common  shares  issued  and  outstanding  as  of  April  28,  2000
------------------------------------------------------------------------------

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

                         PART I - FINANCIAL INFORMATION

ITEM  1.     FINANCIAL  STATEMENTS.

GlobalNetCare,  Inc.'s (the "Company") financial statements are stated in United
States Dollars (US$) and are prepared in accordance with United States Generally
Accepted  Accounting  Principles.

The  financial  statements  are  attached to this Quarterly Report (see Part II,
Item  6).

ITEM  2.     MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION.

GENERAL

The  Company currently offers health and medical information via its information
website,  GlobalNetCare.com  (the  "Website").  The  Website consists of several
"Virtual  Medical  Centers"  that  provide  health care professionals and people
seeking  information  with  an  easy-to-use,  interactive experience designed to
address  their  subjects  of  concern  and  to create individual virtual medical
records.

Despite the efforts of the Company's management, the Website did not attract the
number  of users or advertisers the Company anticipated, and accordingly did not
generate the revenue required for the continued operation and maintenance of the
Website.  The Website has not been updated since October, 1999.  The anticipated
plans  and  operation  of  the Company, as described in its Form 10-SB (amended)
have  not  and  will  not be achieved or further pursued further by the Company.
Due to its inability to generate sufficient revenues to continue operations, the
Company has decided to seek and identify a different line of business.  To date,
the  Company has not effected a change of business, and continues to operate the
Website  on  a  scaled  down  basis.

LETTER OF INTENT - BUSINESSWAY COMPUTER CENTRE INC. AND COR-BIT PERIPHERALS INC.

On  March  31, 2000, the Company signed a Letter of Intent, pursuant to which it
agreed  to  acquire (the "Acquisition") all of the issued and outstanding shares
of BusinessWay Computer Centre Inc. ("BusinessWay") and Cor-bit Peripherals Inc.
("Cor-bit"),  both of which are private companies incorporated under the laws of
the  province  of  Quebec.  Cor-bit  is  a  manufacturer  of  computers, and has
developed  internet  software  including  a new business-to-business model, data
base  search  software,  and an access-based inventory management software link.
Cor-bit  is  the  exclusive  supplier  of computers to the BusinessWay franchise
operations.  BusinessWay  operates  a  website  "www.businessway.com"  (the

<PAGE>

"BusinessWay  Website"), which will exist as a multiple e-business site and will
incorporate  the  operations  of  Cor-bit, as well as market the Cor-bit line of
computers.  The  principals  of  BusinessWay will retain BusinessWay's franchise
retail  operations, and as a result, the retail operations will not form part of
the  Acquisition.

Pursuant  to  the  terms  of  the  Letter  of Intent, the Company's wholly-owned
subsidiary,  3739007  Canada  Ltd., will issue 40,000,000 exchangeable preferred
shares  in  consideration  of  all  of  the  issued  and  outstanding  shares of
BusinessWay and Cor-bit.  Each exchangeable preferred share will be convertible,
at  no  additional consideration, into one common share of the Company.  Closing
of  the  Acquisition  is  subject  to  a  number  of  conditions,  including:

-     a  satisfactory  due  diligence  review  of  the  business  and affairs of
BusinesWay  and  Cor-bit  by  the  Company;

-     a  satisfactory due diligence review of the Company by each of BusinessWay
and  Cor-bit  ;  and

-     preparation  and  execution of formal documentation in connection with the
Acquisition.

Business  Opportunities  Generally

In the event that the Acquisition is not completed, the Company will continue to
seek,  investigate,  and  if such investigations warrant, acquire an interest in
one  or  more  other  business opportunities presented to it by persons or firms
desiring  the  perceived  advantages of a publicly held corporation.  Other than
the Acquisition, the Company has no plan, proposal, agreement, understanding, or
arrangement  to  acquire or merge with any specific business or company, and the
Company  has  not  identified any specific business or company for investigation
and  evaluation.  The  Company  will  not  restrict  its  search to any specific
business,  industry,  or  geographical location, and may participate in business
ventures  of  virtually any kind or nature.  Discussion of the proposed business
under  this caption and throughout this Quarterly Report is purposefully general
and  is  not  meant  to restrict the Company's virtually unlimited discretion to
search  for  and  enter  into  a  business  combination.  The Company may seek a
business  combination with a firm which only recently commenced operations, or a
developing  company  in  need of additional funds to expand into new products or
markets  or  seeking  to  develop  a  new  product or service, or an established
business which may be experiencing financial or operating difficulties and needs
additional capital which is perceived to be easier to raise by a public company.
In  some instances, a business opportunity may involve acquiring or merging with
a  corporation which does not need substantial additional cash but which desires
to  establish  a  public  trading  market for its common stock.  The Company may
purchase assets and establish wholly-owned subsidiaries in various businesses or
purchase  existing  businesses  as  subsidiaries.

Selecting  a  business opportunity will be complex and extremely risky.  Because
of  general economic conditions, rapid technological advances being made in some
industries,  and  shortages of available capital, management believes that there
are  numerous firms seeking the benefits of a publicly-traded corporation.  Such
perceived  benefits  of  a  publicly  traded  corporation  may  include:

-     facilitating  or  improving the terms on which additional equity financing
may  be  sought;

-     providing  liquidity  for  the  principals  of  a  business;

-     creating a means for providing incentive stock options or similar benefits
to  key  employees;  or

-     providing  liquidity  (subject to restrictions of applicable statutes) for
all  shareholders.

Potentially  available  business  opportunities  and/or business combination may
occur  in many different industries and at various stages of development, all of
which  will  make  the  task  of  comparative investigation and analysis of such
business  opportunities  extremely  difficult  and  complex.

Management  believes  that  the  Company  may be able to benefit from the use of
"leverage"  to  acquire  a  target  company.  Leveraging  a transaction involves
acquiring  a  business  while  incurring  significant  indebtedness  for a large
percentage  of  the  purchase  price  of  that  business.  Through  leveraged
transactions,  the  Company would be required to use less of its available funds

<PAGE>

to  acquire  a  target  company  and, therefore, could commit those funds to the
operations  of  the business, to combinations with other target companies, or to
other  activities.  The  borrowing  involved  in  a  leveraged  transaction will
ordinarily  be secured by the assets of the acquired business.  If that business
is  not  able  to  generate  sufficient  revenues  to  make payments on the debt
incurred  by  the  Company to acquire that business, the lender would be able to
exercise  the  remedies  provided  by  law  or  by  contract.  These  leveraging
techniques,  while  reducing the amount of funds that the Company must commit to
acquire  a  business,  may  correspondingly  increase  the  risk  of loss to the
Company.

No  assurance  can be given as to the terms or availability of financing for any
acquisition  of  a  business opportunity or business combination by the Company.
During  periods  when  interest  rates  are  relatively  high,  the  benefits of
leveraging  are  not as great as during periods of lower interest rates, because
the investment in the business held on a leveraged basis will only be profitable
if it generates sufficient revenues to cover the related debt and other costs of
the  financing.  Lenders from which the Company may obtain funds for purposes of
a  leveraged  buy-out  may  impose  restrictions  on  the  future  borrowing,
distribution,  and operating policies of the Company. It is not possible at this
time  to  predict  the  restrictions,  if  any, which lenders may impose, or the
impact  thereof  on  the  Company.

The  Company  has  insufficient  capital  with  which  to  provide the owners of
businesses  significant  cash  or other assets.  Management believes the Company
will  offer  owners  of  businesses  the  opportunity  to  acquire a controlling
ownership  interest  in  a  public company at a substantially lower cost than is
required  to  conduct  an initial public offering.  The owners of the businesses
will,  however,  incur significant post-merger or acquisition registration costs
in  the  event  they  wish  to  register  a  portion  of their common shares for
subsequent  sale.  The  Company will also incur significant legal and accounting
costs  in  connection with the acquisition of a business opportunity or business
combination,  including  the  costs of preparing post-effective amendments, Form
8-Ks, agreements, and related reports and documents.  Nevertheless, the officers
and  directors  of  the  Company  have not conducted market research and are not
aware of statistical data which would support the perceived benefits of a merger
or acquisition transaction for the owners of a businesses.  The Company does not
intend  to make any loans to any prospective merger or acquisition candidates or
to  unaffiliated  third  parties.

The Company will not restrict its search for any specific kind of firms, but may
acquire  a  venture  which  is in its preliminary or development stage, which is
already  in operation, or in essentially any stage of its corporate life.  It is
impossible  to  predict  at  this  time  the status of any business in which the
Company  may  become  engaged, in that such business may need to seek additional
capital, may desire to have its common shares publicly traded, or may seek other
perceived advantages which the Company may offer.  However, the Company does not
intend  to  obtain  funds  in  one  or  more  private  placements to finance the
operation  of  any  acquired business opportunity until such time as the Company
has  successfully  consummated  such  a  merger  or  acquisition.

Sources  of  Opportunities

In  the  event  that  the Acquisition is not successful, the Company will seek a
potential business opportunity from all known sources, but will rely principally
on  personal  contacts  of  its  officers  and  directors,  as  well as indirect
associations between them and other business and professional people.  It is not
presently  anticipated  that  the  Company  will  engage  professional  firms
specializing in business acquisitions or reorganizations.  Management may not be
especially  experienced  in matters relating to the new business of the Company,
and will therefore rely upon their own efforts and, to a much lesser extent, the
efforts of the Company's shareholders, in accomplishing the business purposes of
the  Company.  It  is  not anticipated that any outside consultants or advisors,
other  than the Company's legal counsel and accountants, will be utilized by the
Company  to  effectuate its business purposes described herein.  However, if the
Company  does  retain such an outside consultant or advisor, any cash fee earned
by  such  party  will  need  to  be  paid  by the prospective merger/acquisition
candidate,  as the Company has no cash assets with which to pay such obligation.

There have been no discussions, understandings, contracts or agreements with any
outside  consultants  and  none are anticipated in the future.  In the past, the
Company's  management  has  never  used  outside  consultants  or  advisors  in
connection  with  a merger or acquisition.  As is customary in the industry, the
Company  may  pay  a  finder's  fee  for the location of an appropriate business
opportunity  or  business  combination.  If  any  such  fee  is paid, it will be
approved  by the Company's Board of Directors and will be in accordance with the
industry  standards.  Such fees are customarily between 1% and 5% of the size of
the  transaction,  based upon a sliding scale of the amount involved.  Such fees
are typically in the range of 5% on a $1,000,000 transaction rateably down to 1%
in  a  $4,000,000  transaction.  Management  has  adopted  a  policy that such a

<PAGE>

finder's  fee could, in certain circumstances, be paid to any employee, officer,
director  or 5% shareholder of the Company, if such person plays a material role
in  bringing  a  transaction  to  the  Company.

The  Company  will  not  have  sufficient  funds  to  undertake  any significant
development,  marketing, and manufacturing of any products which may be acquired
instead  of  the  acquisition of a business opportunity or business combination.
Accordingly, if it acquires the rights to a product, rather than entering into a
merger  or  acquisition,  it  most  likely  would  need  to  seek debt or equity
financing  or  obtain  funding  from  third  parties,  in exchange for which the
Company  would  probably  be  required  to  give up a substantial portion of its
interest  in  any acquired product.  There is no assurance that the Company will
be  able  either  to obtain additional financing or to interest third parties in
providing  funding  for  the further development, marketing and manufacturing of
any  products  acquired.

Evaluation  of  Opportunities

The  analysis of any new business opportunity will be undertaken by or under the
supervision of the officers and directors of the Company.  In the event that the
Acquisition  is not successful, management intends to concentrate on identifying
prospective business opportunities which may be brought to its attention through
present  associations  with  management.  In  analyzing  prospective  business
opportunities,  management  will consider, among other factors, such matters as:

-     the  available  technical,  financial  and  managerial  resources;

-     working  capital  and  other  financial  requirements;

-     history  of  operation,  if  any;

-     prospects  for  the  future;

-     present  and  expected  competition;

-     the  quality  and experience of management services which may be available
and  the  depth  of  that  management;

-     the  potential  for  further  research,  development  or  exploration;

-     specific  risk  factors  not  now  foreseeable  but  which  then  may  be
anticipated  to  impact  the  proposed  activities  of  the  Company;

-     the  potential  for  growth  or  expansion;

-     the  potential  for  profit;

-     the  perceived  public  recognition or acceptance of products, services or
trades;  and

-     name  identification.

Management  will  meet  personally with management and key personnel of the firm
sponsoring  the  business  opportunity  as  part of their investigation.  To the
extent  possible,  the  Company  intends to utilize written reports and personal
investigation  to  evaluate  the above factors.  The Company will not acquire or
merge  with  any  company  for  which  audited  financial  statements  cannot be
obtained.

Opportunities  in  which the Company may participate will present certain risks,
many  of  which  cannot  be  identified adequately prior to selecting a specific
opportunity.  The  Company's  shareholders must, therefore, depend on management

<PAGE>

to  identify  and evaluate such risks.  Promoters of some opportunities may have
been  unable  to  develop  a  going  concern  or  may  present a business in its
development  stage  (in  that it has not generated significant revenues from its
principal business activities prior to the Company's participation).  Even after
the  Company's  participation,  there is a risk that the combined enterprise may
not  become  a  going  concern  or  advance beyond the development stage.  Other
opportunities  may  involve  new  and  untested  products,  processes, or market
strategies  which  may  not  succeed.  Such risks will be assumed by the Company
and,  therefore,  its  shareholders.

The  investigation  of  specific  business  opportunities  and  the negotiation,
drafting,  and execution of relevant agreements, disclosure documents, and other
instruments  will  require  substantial management time and attention as well as
substantial costs for accountants, attorneys, and others.  If a decision is made
not  to participate in a specific business opportunity the costs incurred in the
related  investigation  would  not  be  recoverable.  Furthermore,  even  if  an
agreement  is  reached for the participation in a specific business opportunity,
the failure to consummate that transaction may result in the loss by the Company
of  the  related  costs incurred.  There is the additional risk that the Company
will  not  find a suitable target.  Management does not believe the Company will
generate  revenue  without  finding and completing the acquisition of a suitable
business opportunity or a transaction with a suitable target company. If no such
business  opportunity  target is found, therefore, no return on an investment in
the  Company  will be realized, and there will not, most likely, be a market for
the  Company's  common  shares.

Acquisition  of  Opportunities

In  implementing  a structure for a particular business acquisition, the Company
may  become  a  party to a merger, consolidation, reorganization, joint venture,
franchise,  or  licensing  agreement with another corporation or entity.  It may
also  purchase  stock  or assets of an existing business.  Once a transaction is
complete,  it  is  possible  that the present management and shareholders of the
Company  will  not be in control of the Company.  In addition, a majority or all
of  the  Company's  officers  and  directors  may,  as  part of the terms of the
transaction, resign and be replaced by new officers and directors without a vote
of  the  Company's  shareholders.

It  is  anticipated  that  securities issued in any such reorganization would be
issued  in reliance on exemptions from registration under applicable federal and
state  securities laws.  In some circumstances, however, as a negotiated element
of this transaction, the Company may agree to register such securities either at
the  time  the  transaction  is  consummated,  under certain conditions, or at a
specified  time  thereafter.  The  issuance of substantial additional securities
and  their  potential  sale  into  any  trading  market which may develop in the
Company's  common  shares  may  have  a  depressive  effect  on  such  market.

While  the  actual  terms  of  a transaction to which the Company may be a party
cannot  be  predicted,  it  may  be  expected  that  the parties to the business
transaction  will find it desirable to avoid the creation of a taxable event and
thereby structure the acquisition in a so called "tax free" reorganization under
Sections  368(a)(1) or 351 of the Internal Revenue Code of 1986, as amended (the
"Code").  In  order  to  obtain  tax  free  treatment  under the Code, it may be
necessary  for  the  owners  of  the acquired business to own 80% or more of the
voting  stock  of  the  surviving entity. In such event, the shareholders of the
Company,  would retain less than 20% of the issued and outstanding common shares
of  the  surviving  entity,  which  could  result in significant dilution in the
equity  of  such  shareholders.

As  part  of  the Company's investigation, officers and directors of the Company
may:

-     meet  personally  with  management  and  key  personnel;

-     visit  and  inspect  material  facilities;

-     obtain  independent  analysis  or  verification  of  certain  information
provided;

-     check  references  of  management  and  key  personnel,  and

-     take  other  reasonable  investigative  measures,  to  the  extent  of the
Company's  limited  financial  resources  and  management  expertise.

<PAGE>

The  manner  in  which  the Company participates in an opportunity with a target
company  will  depend on the nature of the opportunity, the respective needs and
desires of the Company and other parties, the management of the opportunity, and
the  relative  negotiating  strength  of  the Company and such other management.
With  respect  to  any mergers or acquisitions, negotiations with target company
management  will be expected to focus on the percentage of the Company which the
target  company's shareholders would acquire in exchange for their shareholdings
in the target company.  Depending upon, among other things, the target company's
assets and liabilities, the Company's shareholders will, in all likelihood, hold
a  lesser  percentage  ownership interest in the Company following any merger or
acquisition. The percentage ownership may be subject to significant reduction in
the  event  the  Company acquires a target company with substantial assets.  Any
merger  or  acquisition  effected  by  the  Company  can  be  expected to have a
significant  dilutive  effect  on the percentage of shares held by the Company's
then  shareholders.

Management  has  advanced,  and  in  the  event  that  the  Acquisition  is  not
successful,  will  continue to advance, funds which shall be used by the Company
in  identifying  and  pursuing  agreements  with  target  companies.  Management
anticipates  that  these funds will be repaid from the proceeds of any agreement
with the target company, and that any such agreement may, in fact, be contingent
upon  there  payment  of  those  funds.

Cash  Requirements

The Company anticipates that upon completion of the Acquisition, it will require
funds  in  the amount of $1,000,000 through March 31, 2001, and as a result,
will need to raise  additional  funds.  In  the event that the Acquisition is
not successful, the Company does not anticipate that it will require additional
funds over the next  12  months.

Product  Research  and  Development

Until  the  Acquisition is complete, the Company is unable to determine the type
of  product research and development that it may perform over the next 12 months
ending  March  31, 2001.  If the Acquisition is not successful, the Company will
not likely perform any product research and development as it searches for a new
business  opportunity.

Purchases  or  Sales  (Plant  or  Equipment)

At  this  time,  the Company does not anticipate that it will purchase or sell a
plant  or  any  significant  equipment  over  the  next  12  months.

Changes  in  Employees

Upon completion of the Acquisition, the Company expects that it will assume some
or  all of the employees of both BusinessWay and Cor-bit.  In the event that the
Acquisition  is  not successful, the Company does not anticipate a change in its
current  number  of  employees.

                           PART II - OTHER INFORMATION

ITEM  1.     LEGAL  PROCEEDINGS.

During  the  quarter  ended  March 31, 2000, there were no new legal proceedings
commenced  against  the Company or to which the Company was a party.  During the
quarter  ended  March 31, 2000, there were no material developments in the legal
proceedings which were described in the Company's Form 10-KSB filed on March 31,
2000.

ITEM  2.     CHANGES  IN  SECURITIES.

Recent  Sales  of  Unregistered  Securities

On  February  7,  2000, the Company sold a total of 1,114,998 common shares at a
price  of  US$0.40 per common share, for aggregate gross proceeds of $445,999.20
to  the  following persons/entities, relying on Regulation S and/or Section 4(6)
of  the  Securities  Act  of  1933,  as  applicable:

<PAGE>

SUBSCRIBER              PURCHASE  AMOUNT     NUMBER  OF  SHARES  PURCHASED
==========              ================     =============================
Bill  Manolakos            $65,333.20                         163,333
Univalor                  $226,666.00                         566,665
Grimbsy  Trading  Ltd.     $50,000.00                         125,000
Jimmy  D.  Foussekis      $104,000.00                         260,000
====================      ===========                         =======

The price per common share of US$0.40 was based on the average trading price for
the  10  trading  days  prior,  less  a  discount  of  approximately  10%.

On  March  , 2000, the Company sold a total of 310,000 common shares, at a price
of  US$0.50,  for  aggregate  gross  proceeds  of US$155,000 to Jimmy Foussekis,
relying  on  Regulation  S  of  the  Securities  Act  of  1933.

The price per common share of US$0.50 was based on the average trading price for
the  10  trading  days  prior,  less  a  discount  of  approximately  10%.

ITEM  3.     DEFAULTS  UPON  SENIOR  SECURITIES.

Not  applicable.

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

Not  applicable.

ITEM  5.     OTHER  INFORMATION.

Not  applicable.

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

Reports  of  Form  8-K

On  March  29,  2000,  the Company filed a current report on Form 8-K announcing
that  it  had  engaged  KPMG  LLP  as  its  independent accountants to audit its
financial  statements.  On  April  6,  2000, the Company filed a Form 8-K/A with
respect  to  the  change in its independent accountants.  The Company's Board of
Directors  approved  the  change  of  accountants to KPMG LLP on March 22, 2000.
During  the  Company's  two most recent fiscal years, and any subsequent interim
periods  preceding  the  change in accountants, there were no disagreements with
Councilor,  Buchanan  & Mitchell, P.C. on any matter of accounting principles or
practices,  financial  statement  disclosure,  or auditing scope procedure.  The
report  on  the financial statements prepared by Councilor, Buchanan & Mitchell,
P.C.  for  either  of the last two years did not contain an adverse opinion or a
disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit
scope or accounting principals.  The decision to change accountants was based on
the appointment of new directors to the Company's Board of Directors. Councilor,
Buchanan  &  Mitchell,  P.C. provided the Company with a letter addressed to the
SEC  stating  that  he  agreed  with the statements made in the Form 8-K/A.  The
Company has engaged the firm of KPMG LLP as of  February 22, 2000.  KPMG LLP was
not  consulted  on  any  matter  relating to accounting principles to a specific
transaction,  either  completed  or  proposed  or the type of audit opinion that
might  be  rendered  on  the  Company's  financial  statements.

<PAGE>

Following  the end of the quarter, on April 5, 2000, the Company filed a current
report  on  Form 8-K announcing the resignation of David Mulder as a director of
the  Company, and the appointment of Harvey Lalach as a director of the Company.
On April 12, 2000, the Company filed a current report on Form 8-K announcing the
resignation  of  George Tsoukas as a director and the Chief Executive Officer of
the  Company.

Financial  Statements  Filed  as  a  Part  of  the  Quarterly  Report
The  Company's  unaudited  financial  statements  include:

     Consolidated  Balance  Sheet  as  of  March  31,  2000

     Consolidated  Statements of Operations for the three months ended March 31,
1999  and  2000

     Consolidated  Statements of Cash Flows for the three months ended March 31,

1999  and  2000

     Notes  to  Consolidated  Financial  Statements.


<PAGE>


Consolidated  Financial  Statements  of
(Unaudited)

GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)

Three-month  period  ended  March  31,  2000  and  1999  and
period  from  inception  to  March  31,  2000


<PAGE>

GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)
Consolidated  Financial  Statements
(Unaudited)

Three-month  period  ended  March  31,  2000  and  1999
and  period  from  inception  to  March  31,  2000


FINANCIAL  STATEMENTS
Consolidated  Balance  Sheets                           1
Consolidated  Statements  of  Operations                2
Consolidated  Statements  of  Cash  Flows               3
Notes  to  Consolidated  Financial  Statements          4

<PAGE>

<TABLE>
<CAPTION>


GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)
Consolidated  Balance  Sheets
(Unaudited)

March  31,  2000,  with  comparative  figures  as  at  December  31,  1999
-------------------------------------------------------------------------------
                                                  March  31,     December  31,
                                                       2000               1999
------------------------------------------------------------------------------
<S>                                                <C>           <C>
Assets

Current assets:
Cash and cash equivalents . . . . . . . . . . . .  $     5,228   $     4,284
Sales tax receivable. . . . . . . . . . . . . . .       30,335        25,656
Prepaid . . . . . . . . . . . . . . . . . . . . .        4,811           386
-----------------------------------------------------------------------------
                                                        40,374        30,326

Property and equipment. . . . . . . . . . . . . .       44,020        51,537
-----------------------------------------------------------------------------

                                                   $    84,394   $    81,863
-----------------------------------------------------------------------------

Liabilities and Stockholders' Equity

Current liabilities:
Accounts payable. . . . . . . . . . . . . . . . .  $    46,957   $    46,476
Payroll deductions payable. . . . . . . . . . . .       75,908       101,782
Accrued liabilities . . . . . . . . . . . . . . .       30,049        41,596
Advances from a director, without interest and
no specific repayment terms . . . . . . . . . . .       37,971       451,891
-----------------------------------------------------------------------------
                                                       190,885       641,745

Stockholders' equity:
Share capital (note 2). . . . . . . . . . . . . .        3,560         2,135
Additional paid-in capital. . . . . . . . . . . .    2,914,014     2,314,440
Accumulated other comprehensive income. . . . . .       (2,362)       (2,881)
Deficit accumulated during the development stage.   (3,021,703)   (2,873,576)
-----------------------------------------------------------------------------
                                                      (106,491)     (559,882)
-----------------------------------------------------------------------------
                                                   $    84,394   $    81,863
-----------------------------------------------------------------------------

</TABLE>



See  accompanying  note  to  consolidated  financial  statements.

On  behalf  of  the  Board:

/s/ Patrick Power
------------------
Director

/s/ Harvey Lalach
-------------------
Director

<PAGE>

<TABLE>
<CAPTION>

GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)
Consolidated  Statements  of  Operations
(Unaudited)

Three-month  period  ended  March 31, 2000 and 1999 and period from inception to
March  31,  2000
December  31,  1999
-------------------------------------------------------------------------------
                                     Three-month     Three-month           From
                                   period  ended   period  ended  inception  to
                                       March  31,      March  31,    March  31,
                                           2000             1999           2000
-------------------------------------------------------------------------------
<S>                                     <C>          <C>          <C>
Revenues - interest. . . . . . . . . .  $         -  $       144  $      865

General and administrative expenses:
Commissions, wages and subcontractors.       57,865      183,363   1,967,954
Compensation cost. . . . . . . . . . .            -            -     246,400
Professional fees. . . . . . . . . . .       29,044        5,110     197,674
Depreciation . . . . . . . . . . . . .        7,300        6,300     147,481
Rent and parking . . . . . . . . . . .       25,127       21,740     153,214
License fees . . . . . . . . . . . . .            -            -      67,925
Office . . . . . . . . . . . . . . . .        3,749        5,597      68,917
Advertising and promotion. . . . . . .        3,792        2,004      50,573
Communications . . . . . . . . . . . .       13,669       11,607      46,277
Travel . . . . . . . . . . . . . . . .        4,349        9,291      34,782
Taxes, insurance and licenses. . . . .        3,096            -      17,037
Interest and bank charges. . . . . . .          136          845      12,489
Subscriptions and memberships. . . . .            -        2,393       3,974
Registration fees. . . . . . . . . . .            -          650       5,825
Maintenance and repairs. . . . . . . .            -            -       2,045
----------------------------------------------------------------------------
                                            148,127      248,900   3,022,567
----------------------------------------------------------------------------

Net loss . . . . . . . . . . . . . . .  $   148,127  $   248,756  $3,021,702
----------------------------------------------------------------------------

Net loss per share - basic and diluted  $      0.01  $      0.02
----------------------------------------------------------------------------

Weighted average number
of shares outstanding. . . . . . . . .   15,423,128   13,100,000
----------------------------------------------------------------------------
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.

<PAGE>
<TABLE>
<CAPTION>

GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)
Consolidated  Statements  of  Cash  Flows
(Unaudited)

Three-month  period ended March 31, 2000 and 1999 and period from inception to March
31,  2000
December  31,  1999
------------------------------------------------------------------------------------
                                        Three-month      Three-month             From
                                      period  ended    period  ended    inception  to
                                          March  31,       March  31,      March  31,
                                                2000            1999             2000
-------------------------------------------------------------------------------------
<S>                                             <C>         <C>         <C>
Cash flows from operating activities:
Net loss . . . . . . . . . . . . . . . . . . .  $(148,127)  $(248,756)  $(3,021,702)
Adjustments for items not involving cash:
Depreciation . . . . . . . . . . . . . . . . .      7,300       6,300       147,481
Employees, subcontractors and
license fees compensated by
issuance of shares . . . . . . . . . . . . . .          -           -     1,205,675
Compensation cost. . . . . . . . . . . . . . .          -           -       246,100
Change in operating assets and liabilities:
Sales tax receivable . . . . . . . . . . . . .     (4,679)    (18,935)      (30,335)
Deposit on computer equipment. . . . . . . . .          -     (15,420)            -
Prepaid. . . . . . . . . . . . . . . . . . . .     (4,425)     22,466        (4,811)
Accounts payable and accrued liabilities . . .    (36,940)     10,555       152,914
------------------------------------------------------------------------------------
                                                 (186,871)   (243,790)   (1,304,678)


Cash flows from financing activities:
Bank indebtedness. . . . . . . . . . . . . . .          -      51,310             -
Proceeds from issuance of common shares. . . .          -           -       864,500
Proceeds from advances from a director . . . .    187,508      20,681       638,970
------------------------------------------------------------------------------------
                                                  187,508      71,991     1,503,470

Cash flows from investing activities:
Additions to property and equipment. . . . . .          -     (61,078)     (191,718)

Effect of exchange rate changes on cash. . . .        307           -        (1,846)
------------------------------------------------------------------------------------
Net (decrease) increase in cash and
cash equivalents . . . . . . . . . . . . . . .        944    (232,877)        5,228

Cash and cash equivalents, beginning of period      4,284     232,877             -
------------------------------------------------------------------------------------
Cash and cash equivalents, end of period . . .  $   5,228   $       -   $     5,228
------------------------------------------------------------------------------------
</TABLE>

See  accompanying  notes  to  consolidated  financial  statements.

<PAGE>

                                      - 4 -
GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)
Notes  to  Consolidated  Financial  Statements

Three-month  period  ended  March 31, 2000 and 1999 and period from inception to
March  31,  2000


1.     ORGANIZATION  AND  BUSINESS  ACTIVITIES:

The  Corporation  was organized on October 30, 1980, under the laws of the State
of  Florida  as  C.N.W. Corp.  On February 1, 1981, the Corporation issued 1,000
shares of its $1 par value common stock for services of $1,000.  The Corporation
did  not  have  any  activity  before 1998 and, accordingly, commencement of the
development  stage  is  considered  to  be  at  the  beginning  of  1998.

On  July  21,  1998,  the  State  of Florida approved the Corporation's restated
Articles  of Incorporation, which increased its capitalization from 1,000 common
shares  to  50,000,000  common  shares.  The  par  value  was changed from $1 to
$0.001.

On  July 21, 1998, the Corporation changed its name to C.N.W of Orlando Inc. and
on  December  28,  1998  changed  to  GlobalNetCare,  Inc.

On  February  3, 1998, the Corporation incorporated its wholly-owned subsidiary,
3423336 Canada Ltd., a Canadian company, to develop medical web sites.  However,
the anticipated plans and operations of the Corporation have not and will not be
achieved  or  further  pursued.  Due  to  its  inability  to generate sufficient
revenues  to  continue  operations,  the  Corporation  has  decided  to pursue a
different  line  of business which has not been determined yet.  The Corporation
continues to operate the website on a scaled down basis.  As the Corporation has
not  commenced principal operations for accounting purposes, it is considered to
be  a  development  stage  enterprise.

The Corporation'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  Corporation has no current source of revenue.  Without
realization  of  additional capital, it would be unlikely for the Corporation to
continue as a going concern.  It is management's plan to seek additional capital
in  connection  with  any business opportunities including business combination.

2.     SHARE  CAPITAL:

During  the  three-month  period  ended  March  31, 2000, the Corporation issued
1,424,998  common  shares  in  connection with the conversion of advances from a
director  into  equity.

<PAGE>


Exhibits  Required  by  Item  601  of  Regulation  S-B

(3)     Articles  of  Incorporation  and  By-laws:

     3.1     Articles  of  Amendment effective January 14, 1999 (incorporated by
reference  from  the  Company's  Form  10-SB  (amended), filed October 19, 1999)

     3.2     Articles  of  Amendment  effective  July  21, 1998 (incorporated by
reference  from  the  Company's  Form  10-SB  (amended), filed October 19, 1999)

     3.3     Articles  of Incorporation effective October 30, 1980 (incorporated
by  reference  from  the Company's Form 10-SB (amended), filed October 19, 1999)

     3.4     By-laws  effective October 30, 1980 (incorporated by reference from
the  Company's  Form  10-SB  (amended),  filed  October  19,  1999)

 (21)     Name  of  Subsidiary

     21.1     3423336 Canada Ltd. (incorporated under the federal laws of Canada
on  February  3,  1998)

     21.2     3739007 Canada Ltd. (incorporated under the federal laws of Canada
on  April  4,  2000)

(27)     Financial  Data  Schedule

<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.


     GLOBALNETCARE,  INC.

     By:  /s/ Patrick Power
          Patrick  Power,  President/Director

     Date:     May  12,  2000


     By:  /s/ Harvey Lalach
          Harvey  Lalach,  C.O.O./Director

     Date:     May  12,  2000

     By:  /s/ Nick Pedafronimos
          Nick  Pedafronimos,  Director

     Date:     May  12,  2000