UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 20549

                               FORM 10-QSB
   QUARTERLY REPORT FOR SMALL BUSINESS ISSUERS SUBJECT TO THE 1934 ACT
                         REPORTING REQUIREMENTS

[X]   QUARTERLY  REPORT  UNDER  SECTION 13 OR  15(d)  OF  THE  SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000.

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

For the transition period from ________________to ___________________

                    Commission File Number: 000-29983






                    GLOBAL INDUSTRIAL SERVICES, INC.
         (Exact name of registrant as specified in its charter)







Nevada                000-29983                   98-0203485
(State of             (Commission           (I.R.S. Employer
organization)         File Number)       Identification No.)

14th Floor, 609 Granville Street, Vancouver, B.C. Canada V6Y 1G5
(Address of principal executive offices)

Registrant's telephone number, including area code (604) 683-8358

Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months and (2)
has been subject to such filing requirements for the past 90 days.  Yes X

There are 9,339,346 shares of common stock issued and outstanding as of
September 30, 2000.

                     PART I - FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS

          Unaudited  financial statements for the quarter ended September
            30, 2000.
                     GLOBAL INDUSTRIAL SERVICES INC.
                       CONSOLIDATED BALANCE SHEETS

<TABLE>
<S>                                        <C>             <C>
                                            September30,    December31,
                 ASSETS                         2000            1999
CURRENT ASSETS                               (Unaudited)
  Cash and cash equivalents                    $  123,424        $    215
  Accounts receivable                           1,335,370               -
  Prepaid expenses                                166,869          11,041
  Inventory                                        47,922               -
  Advances to related party                             -          66,218
                                              -----------       ---------
    Total Current Assets                        1,673,585          77,474

PROPERTY AND EQUIPMENT, NET                     3,057,272               -

INVESTMENTS                                       106,667               -

OTHER ASSETS                                       32,603               -

GOODWILL, net of accumulated amortization
of $82,138                                        903,504               -
                                              -----------      ----------
TOTAL ASSETS                                  $ 5,773,631      $   77,474
                                              ===========      ==========
  LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
  Accounts payable                             $  734,698          $1,716
  Payable on investments                        1,314,300               -
  Current potion of long term debt                314,110               -
  Deferred revenue                                188,989               -
  Advances payable - related party                816,670               -
                                              -----------      ----------
    Total current liabilities                   3,368,767           1,716

Long term debt, less current portion            1,233,174               -
                                              -----------      ----------
    Total liabilities                           4,601,941           1,716
                                              -----------      ----------

STOCKHOLDERS' EQUITY
    Common   stock,  $.001   par   value;
50,000,000
     shares  authorized;  9,339,346   and
4,020,000
   shares issued and outstanding                    9,340           4,020
  Additional paid-in capital                    1,571,065          33,934
  Foreign currency translation adjustment         (8,659)               -
  Common stock subscription                             -          90,000
  Accumulated deficit                           (400,056)        (52,196)
                                              -----------      ----------
    Total Stockholders' Equity                  1,171,690          75,758
     TOTAL LIABILITIES AND STOCKHOLDERS'      -----------      ----------
       EQUITY                                 $ 5,773,631      $   77,474
                                              ===========      ==========
</TABLE>

                                  - 1 -
                         GLOBAL INDUSTRIAL SERVICES INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
<TABLE>
<S>                                        <C>             <C>             <C>             <C>
                                            For the Three   For the Three  For the Nine    For the Nine
                                            Months Ended    Months Ended   Months Ended    Months Ended
                                            September 30,   September 30,  September 30,   September 30,
                                                2000            1999           2000            1999

Revenue                                       $ 1,598,566       $       -    $  3,369,258       $       -

Cost of revenue                                   944,872               -       1,831,864               -
                                              -----------       ---------    ------------       ---------
Gross profit                                      653,694               -       1,537,394               -

General and administrative expense                588,591           1,923       1,606,802          12,861
Impairment expense                                      -               -         225,000               -
Interest expense                                   25,085               -          53,452               -
                                              -----------       ---------    ------------       ---------
(Loss) income from operations before
income
taxes                                              40,018         (1,923)       (347,860)        (12,861)

Provision for income taxes                              -               -               -               -
                                              -----------       ---------    ------------       ---------
Net (loss) income                             $    40,018       $ (1,923)    $  (347,860)       $(12,861)
                                              ===========       =========    ============       =========
Net loss per common share - basic and         $      0.01       $  (0.00)    $  (   0.05)       $  (0.00)
diluted
                                              ===========       =========    ============       =========
Weighted average number of common shares
 Outstanding - basic and diluted                7,576,464       4,020,000       7,576,464       3,700,000
                                              ===========       =========    ============       =========
</TABLE>






                                      - 2 -

                         GLOBAL INDUSTRIAL SERVICES INC.
                       STATEMENT OF STOCKHOLDERS' EQUITY
<TABLE>
<S>                  <C>        <C>        <C>          <C>          <C>           <C>         <C>
                                            Additional     Common      Currency
                         Common Stock        Paid-in        Stock     Translation  Accumulated
                       Shares      Amount    Capital    Subscription  Adjustment     Deficit      Total
                                                              s

Balance at
December 31,1998      2,150,000  $   2,150  $    17,470             -             -  $  (14,212) $     5,408

  Capital stock
issued,
   pursuant to
   offering           1,870,000     1,870       16,464             -             -            -      18,334
memorandum
  For cash - at
$0.01
   (net of issuance
   costs)
  Common stock
   subscription               -         -            -        90,000             -            -       9,000

  Net loss                    -         -            -             -             -     (37,984)    (37,984)
                      ---------    -------   ---------    ----------     ---------    ---------   ---------
Balance at
December 31,1999      4,020,000     4,020       33,934        90,000             -     (52,196)      75,758

  Sale of common
   stock                135,000       135      122,365             -             -            -     122,500

  Issuance of stock
   options                    -         -      125,000             -             -            -     125,000

  Issuance of shares    400,000       400       89,600      (90,000)             -            -           -

  Issuance of shares
   for acquisitions   4,688,538     4,689    1,056,550             -             -            -   1,061,239

  Issuance of shares
   in settlement
   of payables           95,808        96      143,616             -             -            -     143,712

  Foreign currency
   translation
   adjustment                 -         -            -             -       (8,659)            -     (8,659)

  Net loss                    -         -            -             -             -    (347,860)   (347,860)
                      ---------    -------   ---------    ----------     ---------    ---------   ---------

Balance at
September 30,2000     9,339,346  $   9,340  $ 1,571,065  $          -      $(8,659)  $ (400,056) $ 1,171,690
                      =========   =======    =========    ==========     =========    =========   =========
</TABLE>


                                      - 3 -
                 GLOBAL INDUSTRIAL SERVICES INC.
              CONSOLIDATED STATEMENTS OF CASH FLOW
<TABLE>
<S>                                 <C>                    <C>
                                    For the nine months    For the nine months
                                    Ended September 30     Ended September 30,
                                           2000               1999
CASH FLOWS FROM OPERATING
ACTIVITIES
  Net (loss) income                      $ ( 347,860)          $  (12,861)
  Adjustments to reconcile net loss to
   net cash used in operating
   activities:
    Depreciation and amortization             186,403                  131
    Impairment of investment                  225,000                    -
    Stock-based compensation                  125,000                    -
    Changes in assets and liabilities

     Accounts receivable                       98,605                (181)
     Inventory                                 53,510                    -
     Prepaid Expenses                      ( 130,566)                2,027
     Deferred revenue                      ( 184,544)                    -
     Accounts payable                      ( 158,785)                1,313
                                          -----------           ----------
NET CASH PROVIDED (USED) BY
 OPERATING ACTIVITIES                      ( 133,237)            (  9,571)
                                          -----------           ----------
CASH FLOWS FROM INVESTING
ACTIVITIES
  Property and equipment                       54,168            (  2,500)
  Other assets                                    249                    -
  Net cash in acquisitions                 (  43,051)                    -
                                          -----------           ----------
NET CASH USED IN INVESTING                     11,366            (  2,500)
ACTIVITIES
                                          -----------           ----------
CASH FLOWS FROM FINANCING
ACTIVITIES
  Sale of common stock                        122,500               18,334
  Note payable repayments                  ( 101,648)                    -
  Investments in subsidiaries              ( 650,000)                    -
  Advances from related party                 882,887                    -
                                         ------------           ----------
NET CASH PROVIDED (USED) BY
FINANCING ACTIVITIES                          253,739               18,334
                                         ------------           ----------
EFFECT OF EXCHANGE RATE CHANGES ON
CASH                                       (   8,659)                6,263
                                         ------------           ----------
NET INCREASE IN CASH                          123,209                6,263
Cash - beginning                                  215                    -
                                         ------------           ----------
Cash - ending                            $    123,424            $   6,263
                                         ============           ==========
</TABLE>
                              - 4 -


                 GLOBAL INDUSTRIAL SERVICES INC.

           Notes  to  Quarterly Condensed Consolidated  Financial
           Statement at September 30, 2000
                           (Unaudited)

1.   Basis of Presentation


     The  condensed  consolidated financial  statements  included
herein  have  been  prepared by the Company  without  independent
audit.   In   the  opinion  of  the  Company's  management,   all
adjustments of a normal and recurring nature necessary to present
fairly  the  financial position, results of operations  and  cash
flows   for  the  periods  presented  have  been  made.   Certain
information   and  footnote  disclosures  normally  included   in
financial   statements  prepared  in  accordance  with  generally
accepted accounting principles have been condensed or omitted. It
is   suggested   that  these  condensed  consolidated   financial
statements  should  be  read  in  conjunction  with  the  audited
consolidated  financial  statements and  notes  thereto  for  the
period  ended  December 31, 1999 for Global  Industrial  Services
Inc., Stothert Group, Inc., and AK Drilling, Inc. included in the
Company's  Form 8KA filed on September 28, 2000. The  results  of
operations for the nine-months ended September 30, 2000  are  not
necessarily indicative of operating results for the full year.

The  accompanying consolidated financial statements  include  the
accounts of Global Industrial Services Inc. and its wholly  owned
subsidiaries.   Those  subsidiaries  are  Stothert  Group,   Inc.
("Stothert") and AK Drilling, Inc. ("AK Drilling").

As  reflected  in  the  accompanying  financial  statements,  the
Company has had recurring losses from operations, a negative cash
flow  from  operations  and no established  source  of  revenues.
These matters raise substantial doubt about the Company's ability
to continue as a going concern.

In  view  of  the  matters described in the preceding  paragraph,
recoverability of a major portion of the recorded  asset  amounts
shown in the accompanying consolidated balance sheet is dependent
upon  continued  operations of the Company, which,  in  turn,  is
dependent upon the Company's ability to continue to raise capital
and   generate   positive  cash  flows  from   operations.    The
consolidated financial statements do not include any  adjustments
relating  to  the recoverability and classification  of  recorded
asset amounts or amounts and classifications of liabilities  that
might  be necessary should the Company be unable to continue  its
existence.

Management  plans  to take the following steps that  it  believes
will  be  sufficient to provide the Company with the  ability  to
continue in existence:

         a)   Raise additional capital through the sale of capital stock
         b)   Acquire operating companies through the issuance of capital
            stock and cash


2.   Nature of Operations


Global Industrial Services, Inc. (formerly Charger Ventures,
Inc.), ("Global" or the "Company"), was a development stage
company under the provisions of Statement of Financial Accounting
Standards ("SFAS") No. 7 for the years ended December 31, 1999
and 1998.  In the second quarter of 2000, the Company acquired
two operating entities and is no longer in the development stage.
The Company was incorporated under the laws of the State of
Nevada on July 24, 1998.  On March 30, 2000, the Company changed
its name to Global Industrial Services Inc.



3.   Acquisitions

During   the  second  quarter  of  2000,  Global  completed   the
acquisition of AK Drilling, Inc. and Stothert Group,  Inc.   Both
acquisitions are recorded using the purchase method of accounting
under the provisions of APB Opinion No. 16.

On  April  6, 2000, the Company completed its acquisition  of  AK
Drilling,  Inc., a company engaged in the contract  drilling  for
minerals  and water.  According to the terms of this acquisition,
the  Company  acquired all of the capital stock of  AK  Drilling,
Inc.  for  a  total  consideration of  $1,150,000  in  cash  plus
1,000,000 shares of common stock of the Company valued  at  $0.64
per share (fair value at the acquisition date).  At September 30,
2000, $768,000 of the cash portion of the purchase price remained
unpaid.

On  April  26,  2000,  the Company completed its  acquisition  of
Stothert  Group,  Inc., an engineering firm.   According  to  the
terms  of  this  acquisition, the Company  acquired  all  of  the
capital  stock  of Stothert Group, Inc. for a total consideration
of  $814,300 in cash plus 227,000 shares of common stock  of  the
Company  valued at $0.88 per share (fair value at the acquisition
date).   At  September 30, 2000, $546,300 of the cash portion  of
the purchase price remained unpaid.

Goodwill  recorded through acquisitions is $985,642 and is  being
amortized over five years. Amortization expense recorded  in  the
statement  of operations for the nine months ended September  30,
2000 totals $82,138 and $49,282 for the quarter.

The operations of the acquired entities have been included in the
statement of operations from the dates of acquisition.

Additionally,  the Company issued 95,808 shares of stock,  valued
at  $143,712,  to  former  shareholders  of  Stothert  to  settle
accounts payable and accrued expenses.

Proforma information as if the acquisitions had occurred  at  the
beginning of the periods presented is as follows:


                                Nine months ended   Year ended
                                September 30,       December      31,
                                2000                1999

      Revenue                         $ 5,250,744       $ 8,061,549
      Net loss                           (85,211)         (550,920)
      Loss per share                       (0.01)            (0.13)

4.   Long Term Debt

     Long-term debt consists of the following:

                                 September 30,     December 31,
                                     2000              1999

          FCB Consolidation            $788,705                $-
          FCB Trucks                     46,145                 -
          FCB Line                       79,840                 -
          Center Capital 3              284,885                 -
          Dateline                      323,675                 -
          Foremost Line                  10,539                 -
          Security Bank - Truc            6,471                 -
          Security Bank - Truc            7,024                 -
                                     ----------        ----------
             Total                                      1,547,284
             Current Portion            314,110                 -
                                     ----------        ----------
             Long-Term Portion       $1,233,174                $-
                                     ==========        ==========

5.   Investments

     Stothert   invested  CAD  $160,000  in  160,000   non-voting
     preferred  shares  of Lakes Ranch Ltd. on August  30,  1996.
     Lakes Ranch Ltd. is owned and controlled by a shareholder of
     the Company.

     Global  exercised an option to acquire 48.4% of Sharpshooter
     Resources, Inc., a Texas holding company with investments in
     the  oil and gas industry. This acquisition was made from  a
     shareholder  for 3.5 million common shares  on  January  11,
     2000.  During the quarter, management reviewed the  carrying
     value   of   this   investment  and   concluded   that   the
     recoverability  of it was uncertain. As such,  it  has  been
     fully impaired at September  30, 2000.

6.   Stock Option Plans

     Under  the Stock Plan maintained by the Company, the Company
     can  grant  incentive stock options and non-qualified  stock
     options   to   officers,  key  employees,  consultants   and
     directors of the Company at a price not less than $0.25  per
     share.

     The  maximum number of shares which may be issued under  the
     plan is 2,000,000.

     On January 14, 2000, the Company granted options to purchase
     2,000,000  shares  of  common  stock.   500,000  shares  are
     exercisable  at  $0.25  per share and 1,500,000  shares  are
     exercisable   at  $0.50  per  share.   The  options   vested
     immediately and expire in three years.

     Pursuant  to  APB 25, the Company has recorded  compensation
     expense  of  $125,000 during the period ended September  30,
     2000.

     A summary of stock option transactions are as follows:

                                                Nine Months Ended
                                                September 30,
                                                2000

         Outstanding, beginning                                 -

         Granted at an exercise price of $0.25            500,000

         Granted at an exercise price of $0.50
         per
         share                                          1,500,000
                                                       ----------
         Outstanding, ending                            2,000,000
                                                       ==========
         Exercisable, ending                            2,000,000
                                                       ==========

7.   Geographic areas and industry segments

     The  Company  currently operates in two principal  segments,
     engineering services and contract drilling.

     The Company's foreign operations are conducted by Global and
     Stothert.

     For the period ended September 30, 2000:

          Revenues from external
          customers
             Drilling                      $1,580,558
             Engineering                    1,662,161
                                           ----------
                                           $3,242,719
                                           ==========
          Interest expense:
             Drilling                         $53,452
             Engineering                            -
                                              $53,452
                                           ==========
          Depreciation and
          amortization:
             Drilling                        $123,750
             Engineering                       35,100
                                           ----------
                                             $158,850
                                           ==========
          Segment profit (loss)
          before taxes:
             Drilling                        $184,359
             Engineering                      169,468
             Corporate                      (701,687)
                                           ----------
                                           $(347,860)
                                           ==========
          Segment assets:
             Drilling                      $3,752,202
             Engineering                    1,846,069
             Corporate                        175,360
                                           ----------
                                           $5,773,631
                                           ==========
                 GLOBAL INDUSTRIAL SERVICES INC.
           NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



7.   Geographic areas and industry segments

The following geographic area data for trade revenues is based on
           product  or  service delivery location  and  property,
           plant, and equipment is based on physical location.

                Revenues from external
                customers:
                   United States                     $1,580,558
                   Canada                             1,662,161
                                                     ----------
                                                     $3,242,719
                Segment assets:                      ==========
                   United States                     $3,752,202
                   Canada                             2,021,429
                                                     ----------
                                                     $5,773,631
                                                     ==========



ITEM 2.   MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  AND  PLAN   OF
          OPERATIONS

NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS

This  statement  includes  projections  of  future  results   and
"forward-looking statements" as that term is defined  in  Section
27A  of  the  Securities Act of 1933 as amended (the  "Securities
Act"), and Section 21E of the Securities Exchange Act of 1934  as
amended (the "Exchange Act"). All statements that are included in
this  Registration Statement, other than statements of historical
fact,   are   forward-looking  statements.  Although   Management
believes that the expectations reflected in these forward-looking
statements  are  reasonable, it can give no assurance  that  such
expectations  will prove to have been correct. Important  factors
that  could  cause actual results to differ materially  from  the
expectations are disclosed in this Statement, including,  without
limitation, in conjunction with those forward-looking  statements
contained in this Statement.

MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATIONS

The  following discussion should be read in conjunction with  the
financial  statements of the Company and related  notes  included
elsewhere  in this Report and in the Current Report on  Form  8-K
for the Company for the period from inception (July 24, 1998)  to
March  31,  2000.  All statements contained  herein  (other  than
historical  facts)  including, but  not  limited  to,  statements
regarding  the Company's future development plans, the  Company's
ability  to  generate  cash from its operations  and  any  losses
related  thereto,  are  based  upon current  expectations.  These
statements are forward looking in nature and involve a number  of
risks  and  uncertainties. Actual results may  differ  materially
from  the anticipated results or other expectations expressed  in
the  Company's forward looking statements. Generally,  the  words
"anticipate,"  "believe,"  "estimate,"  "expects,"  and   similar
expressions  as they relate to the Company and/or its management,
are  intended to identify forward-looking statements.  Among  the
factors  that  could  cause actual results to  differ  materially
could  be  the  inability  of the Company  to  obtain  additional
financing  to  meet its capital requirements, needs  and  general
business   and  economic  conditions  as  well  as  technological
developments.

OVERVIEW

The Company has a limited history of operations and no history of
profitability.  It was incorporated as Charger Ventures  Inc.  on
July  24, 1998 and changed its name to Global Industrial Services
Inc.  on  March 30, 2000. The Company was organized to engage  in
any  lawful corporate business, including but not limited to  the
business of combining and integrating specialized product/service
providers of the industrial services industry sector.   Prior  to
December  31,  1999, the Company had no operating  history  other
than organizational matters.  In the second quarter of 2000,  the
Company acquired two operating entities and is no longer  in  the
development stage.

The  accompanying consolidated financial statements  include  the
accounts  of Global Industrial Services Inc. and its wholly-owned
subsidiaries.   Those  subsidiaries  are  Stothert  Group,   Inc.
("Stothert") and AK Drilling, Inc. ("AK Drilling").

The   Company,   through   its  subsidiary   Stothert,   provides
engineering, construction and project management services for the
pulp  and  paper industry with particular focus on recausticizing
plants  and  lime  kilns.   Stothert provides  a  full  range  of
services including feasibility studies, detailed engineering, due
diligence,  mill  audits,  project management  services,  turnkey
supply  and  construction, operations and training services,  and
project   financing.   Stothert's  business   is   conducted   in
Vancouver, Canada.  The Company's subsidiary AK Drilling operates
primarily in the mineral exploration and water drilling industry.
Its offices are located in Ramsay, Montana.

On  April  30,  2000,  the Company moved its principal  place  of
business  to  14th  Floor, 609 Granville St., Vancouver,  British
Columbia, V7Y 1G5.

On  August  16, 2000 the sole stockholder of Passant  Acquisition
Corp. ("Passant"), a Nevada corporation, sold his interest to the
Company  for $50,000 in cash consideration and Gregory M.  Wilson
resigned as President, Secretary, Treasurer and Sole Director and
Terry Kirby became a Director, President, Secretary, Treasurer.

Pursuant to the Agreement and Plan of Reorganization dated as  of
August  16,  2000  between  the  Company  and  Passant,  all  the
outstanding shares of common stock of Passant were exchanged  for
the sum of $50,000.00.

As  of  September  30, 2000 the Company had a  total  accumulated
deficit of $400,056.

RESULTS OF OPERATIONS

The  Company was not operating prior to December 31, 1999 and had
only   incurred  minimal  start-up  expenses  as  of  that  date.
Therefore,  comparing the results of operations for  the  current
year  to the preceding year would not be meaningful. For the nine
months  ended September 30, 2000 gross profit was $1,410,855  and
net  loss was $347,860 or $0.05 per share.  Contributing  to  the
net  loss for the period were general and administrative expenses
of  $1,480,263, an impairment expense of $225,000 relating to the
termination  of  the option on Sharpshooter Resources,  Inc.  and
interest  expense of $53,542 relating to capital lease agreements
and promissory notes entered into by AK Drilling.

The  significant increase in general and administrative  expenses
at September 30, 2000 reflects the consolidations of Stothert and
AK Drilling.

LIQUIDITY AND CAPITAL RESOURCES

The  working capital of the Company at September 30,  2000  is  a
direct  result of drilling revenues from AK Drilling, fee  income
from Stothert and funds raised from the sale of equity shares.

Items  contributing to assets at September 30, 2000 include  cash
and   cash  equivalents  of  $123,424,  accounts  receivable   of
$1,335,370 primarily for fees and services due to AK Drilling and
Stothert,   property  and  equipment  of  $3,057,272   (primarily
drilling    equipment)   and   goodwill   (net   of   accumulated
amortization)   of  $903,504  relating  to  the  acquisition   of
Stothert.

Items  contributing to liabilities at September 30, 2000  include
accounts payable of $734,698, an amount payable on investments of
$1,314,300  relating to cash portions of acquisition costs  owing
($768,000  relating  to  AK  Drilling and  $546,300  relating  to
Stothert),  advances of $816,670 from a related  party  and  long
term  debt  of $1,233,174 consisting of capital lease  agreements
and promissory notes entered into by AK Drilling.

During  the  nine  months ended September 30, 2000,  the  Company
issued  610,000 shares at prices ranging from $0.25 to $1.00  per
share for net proceeds of $250,000.

The  Company  believes its cash on hand and cash from  operations
will  be  sufficient to maintain its present level of development
efforts  over  the  next  three months.  However,  the  Company's
projections  of future cash needs and cash flows may differ  from
actual  results.  The Company is presently undertaking a  private
placement   of   equity  securities  to  fund   possible   future
acquisitions and working capital.  The sale of additional  equity
securities   or  convertible  debt  could  result  in  additional
dilution  to our stockholders. The Company can give no  assurance
that  it will be able to generate adequate funds from operations,
that  funds will be available to the Company from debt or  equity
financings,  or that if available, the Company will  be  able  to
obtain  such funds on favorable terms and conditions. The Company
currently   has  no  definitive  arrangements  with  respect   to
additional financing.


                            Business
     GBSV was incorporated for the purpose of acquiring companies
engaged in a wide variety of industrial services.  These services
include:
      *    Engineering and technical design
*    Build-operate-transfer (BOT); build-own-operate (BOO)
*    Drilling services and equipment
*    Industrial equipment manufacturing
*    Construction
*    Mining and mining services
*    Cogeneration, power and water

     To  ensure success, the Company provides a highly respected,
amply   experienced  and  accomplished  management   team.    Key
individuals  are  in place.  Others with suitable  qualifications
and background are under consideration.

     It  is the Company's intention to augment management with an
advisory   board  made  up  of  experienced  professionals   from
appropriate  disciplines within various industrial sectors.   The
Company  also  intends  to incorporate a business-to-business  e-
commerce component as a service to maximize economy of operations
and improve efficiencies within its own network of divisions, and
to garner ultimate customer satisfaction.

     The  Company  is  positioning a corporate infrastructure  to
utilize  the  best of talents available for the immediate  growth
and profitability of all business acquisitions and opportunities.
The synergy of complimentary products and services, as researched
and  acquired by the Company, is the foundation for success.  The
whole is greater than the sum of its parts.

     The Company currently is headquartered in Vancouver, British
Columbia.  The Vancouver location provides a tradition of support
for  the consulting engineering service business, allows for ease
of access to all global target markets, and benefits from a well-
established venture capital base.

      Current  and future directors, senior management and  other
advisors  with  their  extensive  experience  in  the  industrial
services  industry,  and  expertise in  financial  markets,  will
ensure that the Company has immediate credibility and clout in  a
very large and lucrative business arena!

      Consolidation  targets  are small to  medium-sized  private
companies  that provide the synergy to support other branches  or
divisions   of   GBSV   via  their  products   and/or   services.
Duplication  will be avoided except where the joining  of  forces
enhances  operations  or profitability.  The  acquired  companies
will  benefit  from more rapid growth, a sustainable  competitive
advantage,  and optimized use of resources such as materials  and
personnel.   GBSV  is  poised to add  value  to  all  acquisition
partners by providing coordinated:
      *    Marketing strategies and market positioning
*    Systems and operations strategies
*    Financial strategies and services

     The  Company  intends  to  improve the  business  focus  and
implementation  capabilities of all  other  partners  within  the
successful family of GBSV market-driven companies.

      The  industrial services sector is a labyrinth  of  product
manufacturers,  equipment  dealers and suppliers,  technical  and
engineering consulting and design services, and a huge  array  of
skilled  labor  sub-contracting firms.  The project  manager  and
quantity surveyor for major industrial applications must  contend
with  this  maze  of services to research suitable  providers  at
reasonable cost estimates.  It is a daunting task!

      GBSV  has recognized the complexity of the marketplace  and
offers  a simple solution  consolidation.  This has long  been  a
formula  for  success.  Natural growth and expansion within  many
large  industrial corporations has allowed these giants to secure
major    international   contracts   because   they   have    the
diversification in-house.  They have the infrastructure in  place
they  are  cost effective and competitive.  GBSV is  launching  a
campaign of acquisitions to achieve the same status.


                         MARKET ANALYSIS
      The  industrial product and service providers are abundant.
Project  managers, whether from corporate or government  sectors,
must  wade  through  numerous supply and contracting  options  to
procure  the  right  mix  of quality and  economy.   Often,  this
research  is  time consuming and costly in and  of  itself.   The
following  quote  from an experienced industrial project  manager
explains a part of the procurement dilemma.

      The  business  of industry is a mammoth proportion  of  the
global   economy.   It  includes  the  manufacture  of  vehicles,
aircraft,  trains,  boats,  and every other  imaginable  mode  of
transportation; it includes the manufacture of equipment used  to
generate    power,   to   build   and   maintain   our   pavement
infrastructures,  to dry-clean our clothes, to outfit  our  homes
with  time-saving  amenities;  it  includes  the  management   of
forests, lakes, rivers, dams, and all other ecological situations
where  man and nature meet; it includes the finding and gathering
of precious earth resources such as metals, minerals and gems; it
includes  technologies that affect every aspect of life from  air
quality  to  footwear.  Capturing one small piece of  the  global
marketplace   for   firms   with  sound  management,   sufficient
capitalization,  and  proactive  strategies  will  be  enormously
profitable!

                          MARKET TRENDS
       The   industrial  services  industry  has  been   severely
challenged  in  recent years by robotic automation,  the  digital
explosion  which  includes the advent  of  the  Internet  and  e-
commerce,  rising  costs of resource materials, increasing  labor
rates,  and  environmental issues, to name a  few.   During  this
period  of  escalating  change, the consumer  has  developed  new
expectations as well.  We demand service  we want the product  to
be  the  best   and  we  want  it now!  This  attitude  permeates
cultures,  governments,  businesses,  academia,  and  society  at
large.

      Cost-containment,  always an important factor  in  business
management, is more crucial now than ever.  Small companies  must
compete with larger ones, who compete with still larger ones  all
because the information "super highway" is linking customers with
product  and  service providers way beyond geographic boundaries.
In  today's world, competitiveness declines for those who do  not
have  a `cyberspace' presence  and, unless the business niche  is
ultimately exclusive, the small to medium-sized company has  very
difficult competition.

       Technological  advances  pose  considerable  problems  for
smaller  operations  as  well.   Technology,  with  its  inherent
exponential growth, leaves a great many businesses behind.  Those
who  survive  and thrive in this accelerated business  world  are
those who likely have proprietary rites, who are passionate about
their  endeavors, who are committed to quality service,  and  who
have the ability to market themselves effectively.

     Global Industrial Services Inc. will be a one-stop solutions
provider.   Many  types of services will be  offered  within  one
corporate  infrastructure.  This creates a value proposition  for
clients  and customers who would otherwise wander in a  world  of
over-specialization  and fragmentation  the labyrinth  spoken  of
earlier.   GBSV  management will develop strategic mechanisms  to
streamline  operations of the acquired group  of  companies  thus
reducing   costs  and  increasing  revenues.   Worldwide   market
penetration will be achieved through well-orchestrated  marketing
and   promotional  campaigns  and  proactive  use   of   Internet
opportunities.  GBSV will generate interrelated business projects
to  involve  several acquired partner companies  at  once.   This
formula   for   success  results  in  the  following  competitive
advantages:
      *    Lower production and operational costs
*    Greater savings for customers
*    Simplification of project management
*    Better quality control and quality assurance
*    Faster provision of products and/or services


                          SUBSIDIARIES
Stothert Group Inc. (Incorporated in Vancouver, British Columbia)

      The  Stothert Group provides general industrial engineering
and management services for the global marketplace.  A few sample
projects indicated below demonstrate the diversity of the company
and highlight its capabilities:
      *    Design of shielded module structures for northern warning
        systems
*    Risk insurance surveys of coastal fish farms for Lloyd's of
London
      *    Comprehensive pulp and paper mill operations management from
        Canada to Tanzania
*    Cement industry in the Philippines, tea plantations in
Uganda, ski resorts in Western Canada, and cogeneration plants in
California
*    Environmental impact assessment, ecosystem improvement
planning, land reclamation, and watershed and reservoir
development

     In  addition  to  worldwide recognition of Stothert  Group's
success  as  an  industrial service provider, GBSV benefits  from
this  acquisition in other significant ways.  The Stothert  Group
has  well-established  credibility with  international  financial
institutions such as The World Bank, the Asian Development  Bank,
the   Commonwealth  Secretariat,  the  Commonwealth   Development
Corporation,  the Canadian International Development  Agency  and
others.  The Stothert Group is also experienced and respected  as
an  international  trade  broker.   To  date,  this  company  has
conducted  trade exchanges and performed engineering services  in
more than sixty countries.

A.K. Drilling (Incorporated in Ramsay, Montana)

     This company provides drilling services to support a variety
of  clients in mineral exploration, investigation and remediation
of environmental wells, environmental testing, and other drilling
services throughout North and South America.


                   PART II - OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

The  Company  is  not  a  party  to any  material  pending  legal
proceedings and, to the best of its knowledge, no such action  by
or against the Company has been threatened.

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

No such matters were submitted during the most recent quarter.

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

EXHIBITS

2    Agreement  and Plan of Reorganization is hereby incorporated
     by  reference to the Forms 8-K and 8-K/A filed with the  SEC
     on August 21, 2000 and September 28, 2000, respectively.

3.1  Articles  of  Incorporation for Global Industrial  Services,
     Inc.
3.2  Bylaws of Global Industrial Services, Inc.

21   Subsidiaries

     AK Drilling - Incorporated in Ramsey, Montana

     Stothert  Group  Inc. - Incorporated in  Vancouver,  British
     Columbia

27   Financial Data Schedule

Reports on Form 8-K:

On  August 21, 2000 and September 28, 2000, the Company  filed  a
Form  8-K  and 8-K/A, respectively, regarding the merger  between
itself and Passant Acquisition Corp.

                           SIGNATURES

Pursuant  to  the  requirements of Section 12 of  the  Securities
Exchange  Act  of  1934,  the Registrant  has  duly  caused  this
registration  statement  to  be  signed  on  its  behalf  by  the
undersigned, thereunto duly authorized.



                           Global Industrial Services, Inc.



                           By: /s/ Terry Kirby
                              Terry Kirby,
                              President/Secretary/Treasurer



                           Date: November 20, 2000