SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB

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

For the quarterly period ended: January 31, 2001
Commission File No.: 000-27097

BUSINESSWAY INTERNATIONAL CORPORATION(Name of small business as specified in charter)

|Florida(State or other jurisdictionof incorporation) | 980215778(IRS Employer IdentificationNumber)
|---------------------------------------------------- | --------------------------------------------

117 Gun Avenue, Pointe-Claire, Quebec, Canada H9R 3X2
(514) 693-0877
(Address and telephone number of principal executive offices)

Indicate by check mark whether the issuer (1) filed all reports required to be 
filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or 
for such shorter period that the registrant was required to file such reports)
and (2) has been subject to such filing requirements for the past 90 days.
Yes X    No

State the number of shares outstanding of each of the issuer's classes of
commonequity, as of March 19, 2001
(latest practicable date):

(a)   Common Stock: 60,847,218 shares
(b)   Class A Special Voting Shares: 37,923,891 shares

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

PART I - FINANCIAL INFORMATION

ITEM  1.        FINANCIAL  STATEMENTS.

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

FINANCIAL  STATEMENTS

| | Consolidated Balance Sheets                     | 1
| | ----------------------------------------------- | -
| | Consolidated  Statements  of  Operations        | 2
| | Consolidated  Statements  of  Cash  Flows       | 3
| | Consolidated Statements of Shareholders' Equity | 4
| | Notes  to  Consolidated  Financial  Statements  | 5

BusinessWay International Corp.
Consolidated Balance Sheet
As At January 31, 2001
(Unaudited)

|                                     |  |  | January 31, | July 31,   
|------------------------------------ |  |  | ----------- | -----------
|                                     |  |  | 2001        | 2000       
|ASSETS                              
|Current Assets                      
|Cash                                 |  |  | $39,248     | $0         
|Accounts Receivable                  |  |  | 924,099     | 548,003    
|Inventory                            |  |  | 197,693     | 209,030    
|Prepaid Expenses                     |  |  | 4,473       | 7,045      
|                                     |  |  |             |            
|Total Current Assets                 |  |  | $1,165,513  | $764,078   
|Deferred Income Taxes                |  |  | 212         | 214        
|Capital Assets                       |  |  | 110,452     | 56,153     
|                                     |  |  | $1,276,177  | $820,445   
|LIABILITIES AND STOCKHOLDERS' EQUITY
|Current Liabilities                 
|Bank indebedness                     |  |  | $0          | $49,725    
|Accounts Payable and accruals        |  |  | 472,672     | 500,099    
|Payroll deductions payable           |  |  | 89,500      | 89,500     
|Income Taxes Payable                 |  |  | 1,758       | 4,876      
|Advance from a director              |  |  |             | 63,902     
|Current Portion of Long Term Debt    |  |  | 6,192       | 7,625      
|Total Current Liabilities            |  |  | $570,122    | $715,727   
|                                    
|Long Term debt                       |  |  |             | 1,975      
|Due to shareholder                   |  |  |             | 116,492    
|                                    
|TOTAL LIABILITIES                    |  |  | $570,122    | $705,906   
|STOCKHOLDERS' EQUITY                
|Share Capital                        |  |  | $672,470    | $3,574     
|Additional paid-in capital           |  |  | 3,104,159   | 2,914,014  
|(Deficit) Retained Earnings          |  |  | (3,070,574) | (2,931,337)
|                                    
|TOTAL EQUITY                         |  |  | 706,055     | (13,749)   
|                                     |  |  | $1,276,177  | $820,445   

See accompanying notes to financial statements

BusinessWay International Corp
Consolidated Income Statement
(Unaudited)

|                                              |  |  | 3 Month Period | 3 Month Period | 6 Month Period | 6 Month Period
|--------------------------------------------- |  |  | -------------- | -------------- | -------------- | --------------
|                                              |  |  | ended          | ended          | ended          | ended         
|                                              |  |  | January  31,   | January 31,    | January  31,   | January 31,   
|                                              |  |  | 2001           | 2000           | 2001           | 2000          
|Sales                                         |  |  | $841,437       | $836,769       | $1,449,598     | $1,395,490    
|Cost of Sales                                 |  |  | 703,230        | 749,205        | 1,222,522      | 1,249,457     
|Gross Profit                                  |  |  | 138,207        | 87,565         | 227,076        | 146,032       
|Operating expenses                           
|Communication                                 |  |  | 0              | 0              | 3,751          | 0             
|Rent                                          |  |  | 1,529          | 3,571          | 8,485          | 7,142         
|Transport and delivery                        |  |  | 22,459         | 7,650          | 22,893         | 15,300        
|Advertising and business promotion            |  |  | 5,195          | 10,867         | 9,277          | 21,733        
|Store expenses                                |  |  | 270            | 666            | 413            | 1,333         
|Automobile and travel                         |  |  | 542            | 221            | 2,340          | 441           
|Salaries, commissions and benefits            |  |  | 75,182         | 31,835         | 135,508        | 63,670        
|Amortization                                  |  |  | 6,760          | 2,983          | 15,24
9        | 5,967         
|Interest and bank charges                     |  |  | 1,373          | 3,301          | 3,639          | 6,602         
|Office expenses and general                   |  |  | 2,788          | 1,801          | 8,917          | 3,602         
|Professional                                  |  |  | 11,305         | 0              | 144,805        | 0             
|Travel expenses                               |  |  | 1,793          | 0              | 1,874          | 0             
|Utilities                                     |  |  | 4,612          | 2,477          | 10,737         | 4,954         
|Taxes, licenses and insurance                 |  |  | 1286           | 1746           | 1,307          | 3,491         
|                                             
|Total Expenses                                |  |  | $135,094       | $67,118        | $369,175       | 134,236       
|Net Income(Loss) Before Taxes                 |  |  | $3,113         | $20,447        | ($142,099)     | 11,796        
|Provision for Taxes                          
|Current                                       |  |  | 0              | 0              | 0              | 0             
|Deferred                                      |  |  | 0              | 0              | 0              | 0             
|                                              |  |  | 0              | 0              | 0              | 0             
|                                              |  |  |                |               
|Net Income(Loss)                              |  |  | $3,113         | $20,447        | ($142,099)     | $11,796       
|Net loss per share - basic and diluted        |  |  | $0.000         | $0.002         | ($0.025)       | $0.001        
|Weighted average number of shares outstanding |  |  | 56,275,673     | 13,100,000     | 56,275,67
3    | 13,100,000    

See accompanying notes to financial statements

BusinessWay International Corp.
Consolidated Cash Flows Statement
(Unaudited)

|                                                |  |  | 3 Month Period | 6 Month Period |  | 
|----------------------------------------------- |  |  | -------------- | -------------- |  | 
|                                                |  |  | ended          | ended          |  | 
|                                                |  |  | January  31,   | January 31,    |  | 
|                                                |  |  | 2001           | 2001           |  | 
|Cash provided by (used in) operating activities
|Net income (loss)                               |  |  | $3,113         | ($142,099)    
|Items not requiring cash outlay                
|Amortization                                    |  |  | 6,760          | 15,249        
|                                               
|sub-total                                       |  |  | 9,873          | (126,850)     
|                                               
|Changes in non-cash working capital items      
|Accounts receivable                             |  |  | (189,807)      | (376,096)     
|Inventory                                       |  |  | (2,225)        | 11,937        
|Prepaid Expenses                                |  |  | 52             | 2,572         
|Accounts Payable and accruals                   |  |  | (20,877)       | (27,427)      
|Income Taxes Payable                            |  |  | (4,454)        | (3,118)       
|Translation adjustment                          |  |  | 234            | 2,264         
|Funds generated  from operations                |  |  | (207,204)      | (516,718)     
|Cash provided by  (used in) financiang         
|Advance from a director                         |  |  | (59,673)       | (63,902)      
|Share capital                                   |  |  | 190,145        | 859,041       
|Increase (decrease) long term debt              |  |  | 0              | (3,408)       
|Due to shareholders                             |  |  | 0              | (116,492)     
|Funds generated  from financing                 |  |  | 130,472        | 675,239       
|Cash provided by  (used in) investments        
|Acquisition of capital assets                   |  |  | (917)          | (69,548)      
|Funds (used in) generated from investments      |  |  | (917)          | (69,548)      
|Net change for the period                       |  |  | ($77,649)      | $88,973       
|Cash (deficiency) beginning of period           |  |  | $116,897       | ($49,725)     
|Cash end of period                              |  |  | $39,248        | $39,248       

See accompanying notes to financial statements

BusinessWay International Corp
Consolidated Statement of Changes in Stockholders' Equity
For the Three Months Ended January 31, 2001
(Unaudited)

`ADDITIONAL     OTHER                             TOTAL
                                     COMMON         STOCK       PAID IN        COMPREHENSIVE                     STOCKHOLDERS'
                                     SHARES         AMOUNT      CAPITAL        INCOME           DEFICIT          EQUITY


Balance, July 31, 2000               15,853,128     $3,560    $2,914,014       ($3,165)        ($2,931,158)      ($13,749)

Common stock issued for acqusition
of Cor-Bit Perpherals Inc. and
BusinessWay Computer Center Inc.     40,000,000    668,910                                                        668,910

Translation adjustment                                                           3,043                              3,043

Net Loss for the period                                                                           (145,212)      (145,212)

Balance, October 31, 2000            55,853,128   $672,470    $2,914,014         ($122)        ($3,076,370)      $512,992`

`ADDITIONAL     OTHER                             TOTAL
                                     COMMON         STOCK       PAID IN        COMPREHENSIVE                     STOCKHOLDERS'
                                     SHARES         AMOUNT      CAPITAL        INCOME           DEFICIT          EQUITY


Balance, July 31, 2000               15,853,128      $3,574     $2,914,014     ($3,170)         ($2,928,167)     ($13,749)

Common stock issued for acqusition
of Cor-Bit Perpherals Inc. and
BusinessWay Computer Center Inc.     40,000,000     668,896                                                       668,896

Translation adjustment                                                           3,057                              3,057

Net Loss for the period                                                                            (145,212)     (145,212)

Balance, October 31, 2000            56,275,673    $672,470     $2,914,014       ($113)         ($3,073,379)     $512,992

Proceeds of Private Placement           422,545                    190,145                                        190,145

Translation adjustment                                                            (195)                              (195)

Net Income for the period                                                                             3,113         3,113

                                     ------------------------------------------------------------------------------------
Balance, January  31, 2001           55,853,128    $672,470     $3,104,159       ($308)         ($3,070,266)     $706,055
                                     ====================================================================================`

See accompanying notes to financial statements

BUSINESSWAY INTERNATIONAL CORP.
Notes  to  Consolidated  Financial  Statements
Three-month  period ended January 31, 2001

1.        ORGANIZATION  AND  BUSINESS  ACTIVITIES:

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

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

On February 3, 1998, the Company  incorporated its  wholly-owned  subsidiary,
3423336 Canada Ltd., a Canadian company, to develop a medical Website.  However,
the anticipated plans and operations of the Company for its medical Website have
not and will  not be  achieved  or  pursued  further.  Due to its  inability  to
generate sufficient  revenues from these operations,  the Company has decided to
pursue a different line of business.  The  Corporation  continues to operate the
medical Website on a scaled down basis.

With  the  completion  of the  acquisition  of  Corbit  Perpherals  Inc.  and
BusinessWay  Computer Center Inc. on September 12, 2000 (the "Acquistion"),  the
Company will no longer be considered a development stage enterprise since Corbit
Perpherals  Inc.  has a  income  stream  that  has  been  established  for  many
years.

As a result of the Share Exchange  Agreement  signed  September  12,2000 (the
Exchange  Agreement),  the Company incorporated another wholly-owned
subsidiary, 3739007 Canada Ltd., for the purpose of acquiring Cor-Bit Perpherals
Inc. and  BusinessWay  Computer  Center Inc. Under the Exchange  Agreement,  the
Company acquired the shares of Cor-Bit Perpherals Inc. and BusinessWay  Computer
Center  Inc.  in  exchange  of  40,000,000  exchangeable  Preferred  Shares (the
"Preferred Shares" ) of 3739007 Canada Ltd. (which are exchangeable for the same
number of shares of the  Companys  common stock),  and 37,923,891  Class A
Special  Voting  Shares in the  capital  of the  Company  (the  "Special  Voting
Shares").  The Special Voting Shares,  which have no right to dividends and will
be outstanding only until the Preferred Shares are exchanged, were issued to the
principal owners of the acquired companies.

The Company's financial  statements are prepared using United States G.A.A.P.
(generally accepted accounting principles) applicable to a going concern,  which
contemplate  the  realization  of assets and  liquidation  of liabilities in the
normal  course of  business.  It is  managements  plan to seek  additional
capital in connection with appropriate business opportunities including business
combinations.

The Company has changed its fiscal year-end to July 31 of each year. For this
quarter  the last fiscal  year being  shown is that of July 31,  2000.  As well,
figures  for the  comparative  quarter  January 31, 2000 are being shown for the
statement of income and operations.

2.        SHARE  CAPITAL:

During  the  three-month  period ended January 31, 2001,  the Company  issued
421,545 shares of common stock for gross proceeds of $210,772.50 and net proceeds of
$190,145.  The Company also issued an aggregate of 1,950,000 shares to employees
under the terms of the their employment arrangements.  It did complete the Acquisition  under
the Exchange Agreement on September 12, 2000, as indicated above.

ITEM  2.        Management's  Discussion  and  Analysis  or  Plan of Operation.

[TO BE FILED BY AMENDMENT]

PART II - OTHER INFORMATION

Item 1.        Legal Proceedings

None.

Item 2.        Changes in Securities

During the fiscal quarter ended January 31, 2001, the
Registrant sold 421,545 shares of common stock in a private offering to two accredited investors at U.S. $.50
per share, resulting in net proceeds of U.S. $190,145.  These shares were sold in Quebec to Quebec residents
and subject to the resale restrictions provided for in SEC Rule 903.  Accordingly, these sales are believed
by the Registrant to be exempt from Securities Act registration pursuant to Section 4(2) and under the
exemption provided by Regulation S.

During the same period, the Registrant issued
1,950,000 shares of common stock to 3 employees under the terms of their employment arrangement.
This sale was effected in Quebec to Quebec residents and subject to the resale restrictions under
SEC Rule 903.  Accordingly, these sales are believed to be exempt from Securities Act registration
pursuant to Regulation S.

Item 3.        Defaults Upon Senior Securities

None.

Item 4.        Submission of Matters to Vote of Securities Holders

None.

Item 5.        Other Information

On   December  8,  2000,  the
Board of Directors elected Edmond H. Chou and Yoland Dumas as directors to serve
until the next annual  meeting of  shareholders  and until their  successors are
elected and  qualified.  Mr.  Chou,  38, has been a regional  sales  director of
Lucent  Technologies  since  1998,  and  prior  thereto  was a  Sales  Technical
Consultant for Lucent Technologies and AT&T.  Mr. Dumas, 38, is the Director
of   Investments   for   FondAction   CSN,  one  of  the   Company's   principal
shareholders.

Item 6.  Exhibits and Reports on Form 8-K

| | (a) | The following exhibits are filed as part of this report.
| | --- | --------------------------------------------------------

EXHIBIT INDEX

|3.0  |      | Articles of Incorporation and By-laws                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|---- | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     | 3.1  | Articles of Amendment to Articles of Incorporation effective January 14, 1999 (filed as an
                  exhibit to the Company's amended Form 10-SB, filed October 19, 1999, and incorporated herein by
                  reference).                                                                                                                                                                                                                                               
|     | 3.2  | Articles of Amendment to Articles of Incorporation effective July 21, 1998 (filed as an exhibit
                  to the Company's amended Form 10-SB, filed October 19, 1999, and incorporated herein by
                  reference).                                                                                                                                                                                                                                                  
|     | 3.3  | Articles of Amendment to Articles of Incorporation effective October 30, 1980 (filed as an
                  exhibit to the Company's amended Form 10-SB, filed October 19, 1999, and incorporated herein by
                  reference).                                                                                                                                                                                                                                               
|     | 3.4  | Articles of Amendment to Articles of Incorporation effective September 7, 2000 -- filed herewith.                                                                                                                                                                                                                                                                                                                                                                                        
|     | 3.5  | By-laws of GlobalNetCare -- filed as an Exhibit to the Company's 10-QSB/A on March 2, 2001
and incorporated herein by reference.                                                                                                                                                                                                                                                                                                                                                         
|4.0  |      | Instruments defining the rights of holders, including indentures - N/A                                                                                                                                                                                                                                                                                                                                                                                                                   
|5.0  |      | Opinion re: legality - N/A                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|10.0 |      | 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 (filed as an exhibit to the Company's Form 10-QSB Report, filed August 15, 2000,
                  and incorporated herewith).
|     | 10.2 | Letter of Intent re Exchange of Shares and Other Matters, between Faris Heddo, Michele Scott,
                  Cor-Bit Peripherals Inc., BusinessWay Computer Centre Inc., and GlobalNetCare, Inc. -- (filed as
                  an exhibit to the Company's Form 8-KA Report filed on November 27, 2000, and incorporated herein
                  by reference.                                                                                                                      
|     | 10.3 | Form of Stock Option Agreement, dated as of September 12, 2000, between the Company and Faris
                  Heddo, and between the Company and Michele Scott, for options to purchase up to 1,100,000
                  shares of the Company's common stock at $1.00 per share (filed as an Exhibit to the Company's Form 10-QSB Report, filed August 15, 2000,
and incorporated herein by reference).                                                                              
|11.0 |      | Statement re: computation of per share earnings -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                                   
|15.0 |      | Letter on unaudited interim financial information -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                                 
|16.0 |      | Letter on change in certifying accountant -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                                         
|18.0 |      | Letter on change in accounting principles -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                                         
|19.0 |      | Reports furnished to security holders -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                                             
|22.0 |      | Published Report regarding matters submitted to vote -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                              
|23.0 |      | Consent of experts and counsel -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|24.0 |      | Power of attorney -- N/A                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|27.0 |      | Financial Data Schedule -- filed herewith.                                                                                                                                                                                                                                                                                                                                                                                                                                               
|     | (b)  | The following reports on Form 8-K were filed during the period covered by this report.                                                                                                                                                                                                                                                                                                                                                                                                   
|     | (1)  | Form 8-K Report, dated September 12, 2000, filed with the SEC on September 27, 2000.                                                                                                                                                                                                                                                                                                                                                                                                     
|     | (2)  | Amendment No. 1 to Form 8-K Report, dated September 12, 200, filed with the SEC on November 27, 2000.
Included in this filing were corrected financial statements for the original Form 8-K Report filed on September 27, 2000.                                                                                                                                                                                                                                                          

SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange Act of 1934, the
Registrant  has  duly  caused  this  report  to be  signed  by the  undersigned,
thereunto duly authorized.

|                       | GLOBALNETCARE, INC.                                                                                             
|---------------------- | ----------------------------------------------------------------------------------------------------------------
|Dated:  March 19, 2001 | By:/s/ Michele Scott
Michele ScottVice President, Chief Operating Officer and Secretary(chief financial officer)