THIS DOCUMENT IS A COPY OF THE FORM 10-QSB QUARTERLY REPORT FILED ON AUGUST 14,
2000, PURSUANT TO A RULE 201 TEMPORARY HARDSHIP EXEMPTION.
                                                                    OMB APPROVAL
                                                                    ------------
                                                          OMB  Number  3235-0416
                                                          ----------------------
                                                        Expires:  May  31,  2000
                                                      Estimated  average  burden
                                                   hours  per  response:  9708.0
                                                   -----------------------------

                                    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  June  30,  2000
                                         ---------------

[ ]  TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  EXCHANGE  ACT
     For  the  transition  period  from          to

  Commission  file  number  0-27097
                            -------

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

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

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

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

                                 not applicable
      ---------------------------------------------------------------------
    (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  July  21,  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.




Consolidated  Financial  Statements  of
(Unaudited)

GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)

Six-month  period  ended  June  30,  2000  and  1999  and
period  from  inception  to  June  30,  2000

<PAGE>

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

Six-month  period  ended  June  30,  2000  and  1999
and  period  from  inception  to  June  30,  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>

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

June  30,  2000,  with  comparative  figures  as  at  December  31,  1999

<TABLE>
<CAPTION>


                                                                June 30,     December 31,
                                                                     2000            1999

<S>                                                           <C>           <C>

Assets

Current assets:
Cash and cash equivalents. . . . . . . . . . . . . . . . . .  $     9,451   $       4,284
Sales tax receivable . . . . . . . . . . . . . . . . . . . .       31,693          25,656
Prepaid. . . . . . . . . . . . . . . . . . . . . . . . . . .        3,189             386
                                                                   44,333          30,326

Property and equipment . . . . . . . . . . . . . . . . . . .       27,062          51,537

                                                              $    71,395   $      81,863

Liabilities and Stockholders' Equity

Current liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . .  $    25,654   $      46,476
Payroll deductions payable . . . . . . . . . . . . . . . . .       74,307         101,782
Accrued liabilities. . . . . . . . . . . . . . . . . . . . .       47,673          41,596
Advances from a director, without interest and
no specific repayment terms. . . . . . . . . . . . . . . . .       63,901         451,891
                                                                  211,535         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 . . . . . . . . . . .       (3,165)         (2,881)
Deficit accumulated during the development stage . . . . . .   (3,054,549)     (2,873,576)
                                                                 (140,140)       (559,882)

                                                              $    71,395   $      81,863

See accompanying note to consolidated financial statements.

On behalf of the Board:

/s/ signed       Director

/s/ signed      Director
</TABLE>

<PAGE>

<TABLE>
<CAPTION>

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

Six-month  period  ended  June  30, 2000 and 1999 and period from inception to June 30,
2000


                                              Six-month        Six-month        From
                                            period ended     period ended   inception to
                                              June 30,         June 30,       June 30,
                                                2000             1999           2000
<S>                                         <C>            <C>            <C>
General and administrative expenses:
Commissions, wages and subcontractors. . .  $      67,999  $     418,794  $   1,978,088
Compensation cost. . . . . . . . . . . . .        246,400        246,400
Professional fees. . . . . . . . . . . . .         36,063         34,930        204,693
Depreciation . . . . . . . . . . . . . . .         15,305         17,585        155,486
Rent and parking . . . . . . . . . . . . .         26,816         55,112        154,903
License fees . . . . . . . . . . . . . . .         67,925
Office . . . . . . . . . . . . . . . . . .          4,494         18,922         69,662
Advertising and promotion. . . . . . . . .          3,792         19,271         50,573
Communications . . . . . . . . . . . . . .         23,098         24,001         55,706
Travel . . . . . . . . . . . . . . . . . .          7,820         16,471         38,253
Taxes, insurance and licenses. . . . . . .          3,096         11,636         17,037
Interest and bank charges. . . . . . . . .            194          1,626         12,547
Subscriptions and memberships. . . . . . .              -          3,275          3,974
Registration fees. . . . . . . . . . . . .              -          1,036          5,825
Maintenance and repairs. . . . . . . . . .              -            732          2,045
                                                  188,677        869,791      3,063,117

Other
Interest . . . . . . . . . . . . . . . . .              -            474            865
Gain on disposal of property and equipment          7,703              -          7,703
------------------------------------------
                                                    7,703            474          8,568


Net loss . . . . . . . . . . . . . . . . .  $     180,974  $     869,317  $   3,054,549

Net loss per share - basic and diluted . .  $        0.01  $        0.07

Weighted average number
of shares outstanding. . . . . . . . . . .     15,853,128     13,193,604


</TABLE>

See accompanying notes to consolidated financial statements.

<PAGE>

<TABLE>
<CAPTION>

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

Six-month  period  ended  June  30,  2000  and 1999 and period from inception to June 30, 2000


                                                  Six-month       Six-month          From
                                                 period ended    period ended    inception to
                                                   June 30,        June 30,        June 30,
                                                     2000            1999            2000
<S>                                             <C>             <C>             <C>
Cash flows from operating activities:
Net loss . . . . . . . . . . . . . . . . . . .  $    (180,974)  $    (869,791)  $  (3,054,549)
Adjustments for items not involving cash:
Depreciation . . . . . . . . . . . . . . . . .         15,305          17,585         155,486
Gain on disposal of property and equipment . .         (7,703)              -          (7,703)
Employees, subcontractors and
license fees compensated by
issuance of shares . . . . . . . . . . . . . .              -               -       1,205,675
Compensation cost. . . . . . . . . . . . . . .              -         246,400         246,400
Change in operating assets and liabilities:
Sales tax receivable . . . . . . . . . . . . .         (6,037)        (10,129)        (31,693)
Prepaid. . . . . . . . . . . . . . . . . . . .         (2,803)         38,436          (3,189)
Deposit. . . . . . . . . . . . . . . . . . . .              -          12,247
Accounts payable and accrued liabilities . . .        (41,056)         44,679         150,662
                                                     (223,268)       (520,573)     (1,338,911)

Cash flows from financing activities:
Proceeds from issuance of common shares. . . .              -         536,000         864,500
Proceeds from advances from a director . . . .        213,009           1,588         663,038
                                                      213,009         537,588       1,527,538

Cash flows from investing activities:
Additions to property and equipment. . . . . .              -        (124,807)       (191,718)
Proceeds of disposal of property and equipment         15,707               -          15,707
                                                       15,707        (124,807)       (176,011)

Effect of exchange rate changes on cash. . . .           (281)         16,221          (3,165)

Net (decrease) increase in cash and
cash equivalents . . . . . . . . . . . . . . .          5,167         (91,571)          9,451

Cash and cash equivalents, beginning of period          4,284         232,877               -

Cash and cash equivalents, end of period . . .  $       9,451   $     141,306   $       9,451


</TABLE>

See accompanying notes to consolidated financial statements.

<PAGE>

                                      - 5 -
GLOBALNETCARE,  INC.
(A  DEVELOPMENT  STAGE  ENTERPRISE)
Notes  to  Consolidated  Financial  Statements

Six-month  period ended June 30, 2000 and 1999 and period from inception to June
30,  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  six-month  period  ended  June  30,  2000,  the  Corporation issued
1,424,998  common  shares  in  connection with the conversion of advances from a
director  into  equity.

<PAGE>


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  for the operation of the Website by the Company, as described in its Form
10-SB  Registration Statement (as 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.

SHARE  EXCHANGE  AGREEMENT  -  BUSINESSWAY  COMPUTER  CENTRE  INC.  AND  COR-BIT
PERIPHERALS  INC.

On  April  4,  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
"BusinessWay  Website"), which will exist as a multiple e-business site and will

<PAGE>

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.

The Company entered into a Share Exchange Agreement dated for reference June 30,
2000  (the "Share Exchange Agreement") with respect to the Acquisition, to which
the  Company,  3739007  Canada  Ltd.  (the  Company's  wholly owned subsidiary),
Cor-Bit,  BusinessWay,  Faris  Heddo and Michele Scott (the "Majority Vendors"),
the shareholders of Cor-Bit (the "Cor-Bit Shareholders") and the shareholders of
BusinessWay  (the  "BusinessWay  Shareholders")  are  parties.

Pursuant  to  the  Share Exchange Agreement, the Company agreed to cause 3739007
Canada  Ltd.  to  issue  40,000,000  Class "A" Preference Shares (the "Preferred
Shares")  in  the capital of 3739007 Canada Ltd. to the Cor-Bit Shareholders and
the BusinessWay Shareholders (collectively, the "Vendors"), as consideration for
the  exchange  of  the  Cor-Bit  Shares and the BusinessWay shares.  The Company
agreed  to  issue 37,923,891 Special Voting Shares in the capital of the Company
(the  "Special  Voting Shares"), which are to be issued to the Majority Vendors,
and  the  FONDACTION  CSN  Pour  La  Coop ration et L'Emploi, in the course of a
reorganization  of  the  capital  of Cor-Bit and BusinessWay, as contemplated by
section  85  of  the  Income  Tax  Act  (Canada).

Pursuant  to  the  terms  of  the  Share  Exchange  Agreement  and a Call Option
Agreement  (to be entered into by each one of the Vendors and the Company), each
of  the Vendors granted an option to the Company to acquire the Preferred Shares
and the Special Voting Shares, if applicable, in exchange for an equal number of
common  shares  in  the  capital  of  the  Company.  Also  pursuant to the Share
Exchange  Agreement,  the  Vendors  respectively  agreed to exchange the Cor-Bit
Shares  and  the  BusinessWay  Shares  for  the Preferred Shares and the Special
Voting  Shares.

The  completion  of  the  Acquisition  is  subject  to  a  number of conditions,
including  the  following:

-     on  or  before  the  Closing  Date  (as  defined  in  the  Share  Exchange
Agreement), counsel for 3739007 Canada Ltd. and the Company shall have performed
a due diligence review of Cor-Bit and BusinessWay and their affairs, and 3739007
Canada  Ltd.  and  the  Company shall be satisfied in their discretion as to the
operations  of  Cor-Bit  and  BusinessWay  after completion of its due diligence
investigation  thereof;

-     Cor-Bit and BusinessWay shall have completed financing by way of a private
placement  pursuant  to  which a minimum of CDN$1,000,000 will have been raised;
and

-     on  or  before  the  Closing  Date  (as  defined  in  the  Share  Exchange
Agreement),  counsel  for  Majority  Vendors, Cor-Bit and BusinessWay shall have
performed a due diligence review of the 3739007 Canada Ltd. and the Company, and
the  Majority  Vendors,  Cor-Bit  and  BusinessWay  shall  be satisfied in their
discretion  as to the state of the business assets and the operations of 3739007
Canada  Ltd.  after  completion  of  their  due diligence investigation thereof.

As  of July 31, 2000, the Acquisition had not been completed.  On July 31, 2000,
the  Company  filed  a Definitive Information Statement on Schedule 14C with the
United  States  Securities  and Exchange Commission, following which the Company
was deemed to have shareholder consent to effect the amendments to its Articles,
which  amendments  are  required to complete the Acquisition.  The Company is in
the  process of mailing the Schedule 14C to its shareholders.  Twenty days after
the  date  the mailing is made, the amendments to the Company's Articles will be
effective;  once the amendments are effective, the Acquisition will be completed
(see  "Item  5:  Other  Information"  for  more  information with respect to the
amendments  to  the  Company's  Articles).

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.

<PAGE>

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 would 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
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  is
ordinarily  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
offers  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

<PAGE>

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  effect  the  business  purposes described in this Quarterly Report.
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  an  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 not 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 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  the  Company  acquires  the  rights  to a product, rather than
entering into a merger or acquisition, it would most likely 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:

<PAGE>

-     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 the 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
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

<PAGE>

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.

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 $300,000 through June 30, 2001, which additional funds
would likely be raised through a  Private  Placement.  In  the  event  that  the

<PAGE>

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 12 months
ending  June  30,  2001.  If the Acquisition is not successful, it is not likely
that  the  Company  will  perform  any  product  research  and development as it
searches  for  a  new  business  opportunity.

Purchases  or  Sales  (Equipment)

At  this time, the Company does not anticipate that it will purchase or sell any
significant  equipment  over  the  12  months  ending  June  30,  2001.

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  June  30, 2000, there were no new legal proceedings
commenced  against  the Company or to which the Company was a party.  During the
quarter  ended  June  30, 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 April 3, 2000, the Company issued 310,000 common shares to Jimmy Foussekis at
a price of US$0.50 per common share, for aggregate gross proceeds of US$155,000,
in  an  "offshore transaction", relying on Regulation S of the Securities Act of
1933.  The  Company reported this sale in its Form 10-QSB for the quarter ending
March 31, 2000, as having occurred on March 27, 2000.  The 310,000 common shares
to  Jimmy Foussekis were not in fact issued by the transfer agent until April 3,
2000.

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.

On  May  4, 2000, the Board of Directors of the Company approved an amendment to
the Company's Articles of Incorporation to increase the authorized shares in the
capital  of  the  Company  from 20,000,000 to 100,000,000.  On June 1, 2000, the
Board  of Directors of the Company approved a further amendment to the Company's
Articles  of Incorporation to create 40,000,000 Class A Special Voting Shares in
the  capital  of the Company (the two amendments are collectively referred to as
the "Amendments").  On July 31, 2000, the Company filed a Definitive Information
Statement  on  Schedule  14C  with  the  United  States  Securities and Exchange
Commission  with  respect  to  the  Amendments.  The Company is currently in the
process  of  mailing  a  copy  of  the  Schedule  14C  to  its

<PAGE>

shareholders.  Twenty  days  after  the  date  the Schedule 14C is mailed to the
Company's  shareholders,  the  Amendments  will  be  deemed effective, following
which,  the Acquisition will be completed.  The Company anticipates that it will
file  the  Amendments  with  the Secretary of State for Florida during the third
quarter  of  2000.

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

Reports  of  Form  8-K

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 6, 2000, the Company filed a current report on 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.

On April 12, 2000, the Company filed a current report on Form 8-K announcing the
resignation  of  George Tsoukas as a director and as 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  June  30,  2000

     Consolidated  Statements  of  Operations  for the six months ended June 30,
     1999  and  2000

     Consolidated  Statements  of  Cash  Flows for the six months ended June 30,
     1999  and  2000

     Notes  to  Consolidated  Financial  Statements.

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)

(10)     Material  Contracts

        10.1  Share Exchange Agreement between the Company, 3739007 Canada Ltd.,
              BusinessWay Computer Centre Inc., Cor-Bit Peripherals Inc.,  Faris
              Heddo, Michele Scott,  the  Shareholders  of  Cor-Bit  Peripherals
              Inc.  and the Shareholders of BusinessWay  Computer  Centre  Inc.,
              dated  for  reference  June  30,  2000

(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:     August  11,  2000


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

             Date:     August  10,  2000

     By:     /s/  Nick  Pedafronimos
             Nick  Pedafronimos,  Director

             Date:     August  10,  2000