UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-QSB/A
Amendment No. 2

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

For the quarterly period ended: October 31, 2000

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
(Address of principal executive offices)

(514) 693-0877
(Issuer's telephone number)

NOTE:  The financial statements contained in Item 1 of Part I, and the
Management's Discussion and Analysis contained in Item 2 of Part I, of the Form 10-QSB of the
Registrant filed on December 15, 2000, and as amended in the Form 10-QSB/A of the Registrant
filed March 2, 2001, are amended and restated in this report.  Except as specifically amended
by this amendment, the Form 10-QSB as previously amended is not changed by this report.

PART I - FINANCIAL INFORMATION

ITEM  1.        Financial  Statements.

`FINANCIAL STATEMENTS

Consolidated Balance Sheets                                     2

Consolidated Income Statement                                   3

Consolidated Cash Flows Statement                               4

Consolidated Statement of Changes in Stockholders' Equity       5

Notes to Consolidated Financial Statements                      6`

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

GlobalNetCare, Inc.
dba BusinessWay International Corp.
Consolidated Balance Sheet
As At October 31, 2000
(Unaudited)

`October 31,               July 31,
                                               2000                     2000

ASSETS

Current Assets
  Cash                                        $116,897                     $0
  Accounts Receivable                          734,292                548,003
  Inventory                                    195,468                209,030
  Prepaid Expenses                               4,525                  7,045
                                            ----------              ---------
Total Current Assets                        $1,051,182               $764,078

Deferred Income Taxes                              214                    214

Capital Assets                                 118,129                 56,153
                                            ----------              ---------
                                            $1,169,525               $820,445
                                            ==========              =========


LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
  Bank Indebtedness                                 $0                $49,725
  Accounts Payable and accruals                450,546                461,311
  Income Taxes Payable                           6,212                  4,876
  Advance from a director                       63,902                 63,902
  Current Portion of Long Term Debt              7,599                  7,625
                                            ----------              ---------
Total Current Liabilities                     $528,259               $587,439

Long Term Debt                                                          1,975

Due to Shareholder                                                    116,492

TOTAL LIABILITIES                             $528,259               $705,906

STOCKHOLDERS' EQUITY
  Share Capital                               $668,910                    $14
  Additional paid-in capital                         0                      0
  (Deficit) Retained earnings                  (27,644)               114,525

TOTAL EQUITY                                   641,266                114,539
                                            ----------              ---------
                                            $1,169,525               $820,445
                                            ==========              =========`

See accompanying notes to financial statements



GlobalNetCare, Inc.
dba BusinessWay International Corp
Consolidated Income Statement
For the Three months Ended October 31, 2000
(Unaudited)

`For the Three       For the Three
                                                  Months ended        Months ended
                                               October 31, 2000    October 31, 1999


Sales                                                 $608,161        $558,720

Cost of Sales                                          519,292         500,252
                                                     ---------       ---------
Gross Profit                                            88,869          58,468

Operating Expenses
  Communication                                          3,751               0
  Rent                                                   6,956           3,571
  Transport and delivery                                   435           7,650
  Advertising and business promotion                     4,082          10,867
  Store Expenses                                           143             666
  Automobile and travel                                  1,798             221
  Salaries, commissions and benefits                    60,326          31,835
  Amortization                                           8,490           2,983
  Interest and bank charges                              2,265           3,301
  Office expenses and general                            6,129           1,801
  Professional                                         133,501               0
  Travel Expenses                                           80               0
  Utilities                                              6,125           2,477
  Taxes, licences, and insurance                             0           1,746
                                                     ---------       ---------
Total Expenses                                        $234,081         $65,317

Net income (Loss) Before Taxes                      ($145,212)        ($6,849)

Provision for Taxes
  Current                                                    0               0
  Deferred                                                   0               0
                                                     ---------       ---------
                                                             0               0
                                                     ---------       ---------
Net Income (Loss)                                    ($145,212)        ($6,849)
                                                     =========       =========

Net Loss per share - basic and diluted                  $0.003          $0.001

Weighted average number of shares                   55,853,128       13,100,00`

See Accompanying Notes to financial statements



GlobalNetCare , Inc.
dba BusinessWay International Corp
Consolidated Cash Flows Statement
For the three months Ended October 31, 2000
(Unaudited)

`October 31,     October 31,
                                                         2000            1999

Cash provided by (used in) operating activities
  Net Income (loss)                                    ($145,212)       ($6,849)
  Items not requiring cash outlay
    Amortization                                           8,490          2,983
    sub-total                                            130,868         (3,886)

Changes in non-cash working capital items
  Accounts receivable                                   (186,199)       (22,683)
  Inventory                                               13,562          5,993
  Prepaid Expenses                                         2,520          2,953
  Accounts Payable and accruals                          (10,765)         9,627
  Income Taxes Payable                                     1,336            311
    Exchange on translation                                2,927              0
  Funds generated from operations                       (313,341)        (7,665)

Cash provided (used in) financing
  Advanced from a director                                     0              0
  Share capital                                          668,896              0
  Increase (decrease) long term debt                      (1,975)        (2,550)
  Due to shareholders                                   (116,492)             0

  Funds generated from financing                         550,429         (2,550)

Cash provided by (used in) investments
  Acquisition of capital assets                          (70,466)             0

  Funds (used in) generated from investments             (70,466)             0

Net Change for year                                     $166,622       ($10,215)

Cash (deficiency) beginning of year                     ($49,725)     ($104,910)

                                                      ----------   -------------
Cash end of year                                        $116,897      ($115,125)
                                                      ==========   =============`

See Accompanying Notes  financial statements



GlobalNetCare, Inc.
dba BusinessWay International Corp
Consolidated Statement of Changes in Stockholders Equity
For the Three Months Ended October 31, 2000
(Unaudited)
Common         Stock     Additional              Other      Retained            Total
                              Shares        Amount        Paid in      Comprehensive      Earnings      Stockholder
                                                          Capital             Income     (Deficit)           Equity

Balance, July 31, 2000    15,853,126           $14             $0              ($872)     $114,539            ($13,749)

Common Stock issued       40,000,000       668,896            ---                ---           ---          668,896
for acquisition of Cor-
Bit Peripherals Inc. and
BusinessWay
Computer Center Inc.

Translation Adjustment           ---           ---            ---              3,043           ---            3,043

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

Balance, October 31,      55,853,128      $668,910             $0             $2,171      ($29,815)        $641,266
2000

See Accompanying notes to financial statements.





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 Peripherals Inc. and BusinessWay Computer
Center Inc. on September 12, 2000 (the "Acquisition"), the Company will no longer be
considered a development stage enterprise since Corbit Peripherals 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 Peripherals Inc. and BusinessWay Computer Center
Inc. Under the Exchange Agreement, the Company acquired the shares of Cor-Bit Peripherals
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 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 December 31, 1999. Furthermore, figures for the comparative
quarter October 1999 are being shown for the statement of income and operations.

2. SHARE CAPITAL:

During the three-month period ended October 31, 2000, the Company completed the Acquisition
under the Exchange Agreement on September 12, 2000 as indicated above.  As a result of this agreement,
Cor-Bit Peripherals Inc. was considered the acquiror and as such this transaction was treated as a
recapitalization.  Reference is made to the Pro Forma financial statements filed previously.

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

Forward-Looking Statements

Statements included in this Management's Discussion and Analysis and elsewhere in this
document that do not relate to present or historical conditions are "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and Section 21W of the
Securities exchange Act of 1934.  Additional oral or written forward-looking statements may be
made by the Company from time to time, and such statements may be included in documents that
are filed with the Securities and Exchange Commission.  The accuracy of such forward-looking
statements are subject to risks and uncertainties that could cause results or outcomes to differ
materially from those expressed in the forward-looking statements. Forward-looking statements
may include, without limitation, statements relating to the Company's plans, strategies,
objectives, expectations, and intentions and are intended to be made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, Words such as "believes,"
"forecasts," "intends," "possible," "expects," "estimates," "anticipates," or "plans," and similar
expressions are intended to identify forward-looking statements.  Among the important factors
which such statements are based are assumptions concerning the anticipated growth of the
information technology industry, the market for and availability of components for the
Company's computers, the availability of institutional lending or capital financing, and the
success of the Company in maintaining and increasing the number of franchised retail outlets that
carry its products.

Results of Operations

Revenues. Sales in the first quarter for the three month period ended October 31, 2000
were marginally higher than for the corresponding periods in the prior year. Revenues resulted
from sales of computers and accessories to retail outlets that carry the BusinessWay franchise.
Subsequent to the end of the period, the number of retail outlets carrying the BusinessWay
franchise was increased from five to six, and the Company anticipates that its future sales will
increase as a result of additional outlets that it hopes to add in the future.

Cost of Sales. Cost of sales as a percentage of sales decreased from 89.5% to 85.3% for
the corresponding quarter in the prior year.  Cost of sales are primarily dependent on the market
conditions and availability of components for the computers and accessories sold by the
Company.  The Company anticipates that the increasing volume of sales resulting from
additional BusinessWay franchises will allow it to obtain greater volume discounts and achieve
other economies of scale, thereby reducing the percentage cost of sales in the future.

Operating Expenses. Operating expenses were impacted by a number of significant
changes in expense items.  Advertising and business promotion expenses decreased from
$10,867 in the first quarter of fiscal year 2000 to $4,082 during the current quarter.  This was
primarily a result of the franchised retail stores taking on the responsibility of advertising by way
of pooling of advertising costs among all of the stores.  Salaries and commissions increased from
$31,835 in the first quarter of 1999 to $60,326 in the present period primarily as a result of an
increase in the number of paid employees from seven to fifteen.  Amortization expense increased
to $6,760 as a result the purchase of computer equipment during the period to meet the
Company's office and administrative needs.  Professional expenses, of which none were
recorded during the first three months of fiscal year 2000, increased to $133,50l during the first
quarter of 2001 as result of legal and accounting fees incurred in connection with the acquisition
of BusinessWay Computer Cetere Inc. and Cor-Bit Peripherals Inc.,  and also as a result of the
costs of being a public company related to compliance with the filing and disclosure
requirements of U.S. federal securities law.

Net income. Primarily as a result of the foregoing factors, the Company recorded a net
loss of $145,212 during the first three months of fiscal year 2001.

Liquidity and Capital Resources

The Company has substantially increased its accounts receivable since the beginning of
the fiscal year from $548,003 to $724,292 and increased its cash on hand from a bank
indebtedness of $49,225 to $39,248, with the result that its total current assets have increased
from $764,078 to $1,051,182 and the ratio of its current assets to current liabilities has increased
from 1.3 tol. to 1.85 tol.

In order to meet its business plan for expanding its BusinessWay franchise operations, the
Company anticipates that it will need to raise approximately $750,000 of additional capital
during the next twelve month period, which it will seek to do through private sales of its stock or
through institutional borrowing. However, there can be no assurance that additional capital of
institutional lending will be available when needed or available on terms that will be favorable to
the Company.





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.





|                              | BUSINESSWAY INTERNATIONAL CORPORATION(Registrant)                            
|----------------------------- | -----------------------------------------------------------------------------
|Date:    Date: April 11, 2001 | By:/s/ Michele Scott
Michele Scott
Vice President and Chief Financial Officer