UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                                             FORM 10-QSB

     [X] QUARTERLY  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND
EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED APRIL 30, 2000.

     [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT FOR THE
TRANSITION PERIOD FROM __________________ to


                         Commission file number 0-25614


                              GLOBUS WIRELESS, LTD.
              (Exact name of Small Business Company in its charter)


NEVADA                                          88-0228274
(State or other jurisdiction of                 (I.R.S. Employer
incorporation or organization                   Identification No.)

                   1955 Moss Court, Kelowna, British Columbia,
                     Canada , V1Y 9L3 (Address of principal
                     executive offices, including zip code)

                Company's Telephone number, including area code:
                                 (604) 860-3130

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the  Securities  and  Exchange Act of 1934
during the preceding  twelve months (or such shorter  period that the Registrant
was required to file such reports), and (2) has been subject to file such filing
requirements for the past thirty days.

         Yes        x            No

As of the end of the period  covered by this report,  the Company had 11,933,635
outstanding shares of Common Stock, par value $.001.

Transitional  Small  Business  Disclosure  Format  (check  one):

         Yes                     No          x
<PAGE>
                                     PART I

ITEM 1.  FINANCIAL STATEMENTS

                      Consolidated Financial Statements of

                              GLOBUS WIRELESS LTD.

                     Six month period ended, April 30, 2000
                      (Unaudited - Prepared by Management)

Consolidated Balance Sheets

$ United States

April 30, 2000 and October 31, 1999
<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------
                                                                               April 30,        October 31,
                                                                                  2000              1999
                                                                                  (Unaudited - Prepared
                                                                                        by Management)
-----------------------------------------------------------------------------------------------------------------------------

                                     Assets
                                 Current Assets

<S>                                                                       <C>               <C>
Cash                                                                      $      168,253    $      487,562
Accounts receivable                                                               88,998            35,197
-----------------------------------------------------------------------------------------------------------------------------
Stock subscriptions receivable                                                   155,449               -
Loans and other advances                                                         254,771               -
Inventories                                                                       17,563               -
Prepaid expenses                                                                  32,592            62,432
-----------------------------------------------------------------------------------------------------------------------------
                                                                                 717,626           585,191

Property and equipment, net of accumulated depreciation                          384,951           290,351

Other assets                                                                      14,085            16,111
-----------------------------------------------------------------------------------------------------------------------------
                                                                          $    1,116,662    $      891,653
-----------------------------------------------------------------------------------------------------------------------------

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable and accrued liabilities                                  $        7,154    $       88,262
Note payable                                                                       1,121             1,121
Due to shareholder                                                                51,843            51,843
-----------------------------------------------------------------------------------------------------------------------------
                                                                                  60,118           141,226

Subscriptions for common stock                                                   113,361           382,627

Stockholders' equity

Common stock                                                                      11,934            11,080
Additional paid in capital                                                     5,913,102         4,714,212
Accumulated other comprehensive income                                          (17,621)          (12,601)
-----------------------------------------------------------------------------------------------------------------------------
Deficit                                                                      (4,964,232)       (4,344,891)
-----------------------------------------------------------------------------------------------------------------------------
                                                                                 943,183           367,800
-----------------------------------------------------------------------------------------------------------------------------
                                                                          $    1,116,662    $      891,653
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

See accompanying notes to consolidated financial statements.
<PAGE>
GLOBUS WIRELESS LTD.
Consolidated Statements of Operations

$ United States

Three  month  periods  ended April 30,  2000 and 1999
(Unaudited - Prepared by Management)
<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------

                                                                                    2000              1999
-----------------------------------------------------------------------------------------------------------------------------

<S>                                                                       <C>               <C>
Engineering revenue                                                       $       39,563    $          -
-----------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------
Sale of accessories                                                               10,712               -
Cost of sales                                                                      5,972               -
                                                                                   4,740               -

-----------------------------------------------------------------------------------------------------------------------------
                                                                                  44,303               -
Expenses

Research and development                                                          63,847            11,676
-----------------------------------------------------------------------------------------------------------------------------
General and administrative                                                       396,345           327,641
                                                                                 460,192           339,317

-----------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations, before income taxes                            (415,889)         (339,317)

Income taxes                                                                         -               6,162
-----------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations                                                 (415,889)         (333,155)

Income from discontinued operation, net of income taxes                              -              11,961

-----------------------------------------------------------------------------------------------------------------------------
Loss                                                                      $     (415,889)   $     (321,194)
-----------------------------------------------------------------------------------------------------------------------------

Weighted average number of shares                                             11,832,907         7,877,747
Basic loss per share                                                      $       (0.04)    $       (0.04)
-----------------------------------------------------------------------------------------------------------------------------
Comprehensive loss
Loss                                                                      $     (415,889)   $     (321,194)
Foreign currency translation adjustment                                            2,520            15,897
-----------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                                                        $     (413,369)   $     (305,297)
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

See accompanying notes to consolidated financial statements.
<PAGE>
GLOBUS WIRELESS LTD.

Consolidated Statements of Operations

$ United States

Six month periods ended April 30, 2000 and 1999
(Unaudited - Prepared by Management)
<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------

                                                                                    2000              1999
-----------------------------------------------------------------------------------------------------------------------------

<S>                                                                       <C>               <C>
Engineering revenue                                                       $       39,563    $          -

Sale of accessories                                                               10,712               -
-----------------------------------------------------------------------------------------------------------------------------
Cost of sales                                                                      5,972               -
                                                                                   4,740               -

-----------------------------------------------------------------------------------------------------------------------------
                                                                                  44,303               -
Expenses

Research and development                                                          93,859            21,741
-----------------------------------------------------------------------------------------------------------------------------
General and administrative                                                       569,785           479,667
                                                                                 663,644           501,408

-----------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations, before income taxes                            (619,341)         (501,408)

Income taxes                                                                         -               9,180
-----------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations                                                 (619,341)         (492,228)

Income from discontinued operation, net of income taxes                              -              17,820

-----------------------------------------------------------------------------------------------------------------------------
Loss                                                                      $     (619,341)   $     (474,408)
-----------------------------------------------------------------------------------------------------------------------------

Weighted average number of shares                                             11,684,999         7,344,342
Basic loss per share                                                      $       (0.05)    $       (0.06)
-----------------------------------------------------------------------------------------------------------------------------

Comprehensive loss

Loss                                                                      $     (619,341)   $     (474,408)
Foreign currency translation adjustment                                            5,020            43,615
-----------------------------------------------------------------------------------------------------------------------------
Comprehensive loss                                                        $     (614,321)   $     (430,793)
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

See accompanying notes to consolidated financial statements.


<PAGE>
GLOBUS WIRELESS LTD.

Consolidated Statements of Cash Flows

$ United States

Six month periods ended April 30, 2000 and 1999
(Unaudited - Prepared by Management)
<TABLE>
<CAPTION>

-----------------------------------------------------------------------------------------------------------------------------

                                                                                    2000              1999
-----------------------------------------------------------------------------------------------------------------------------

<S>                                                                       <C>               <C>
Net cash flows used in operating activities                               $    (715,341)    $    (127,516)

Cash flows from investing activities:

Purchase of equipment                                                          (119,206)          (52,370)
Loans and other advances                                                       (254,771)               -
-----------------------------------------------------------------------------------------------------------------------------
                                                                               (373,977)          (52,370)

Cash flows from financing activities:

Common stock issued for cash                                                     670,389           386,033
Subscriptions for common stock                                                   104,640           117,790
Repayment of note payable                                                            -               (469)
Increase in due to shareholder                                                       -               7,412
                                                                                 775,029           510,766

Foreign currency translation adjustment                                          (5,020)            43,615
-----------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash                                                    (319,309)           374,495

Cash, beginning of period                                                        487,562            31,673

-----------------------------------------------------------------------------------------------------------------------------
Cash, end of period                                                       $      168,253    $      406,168
-----------------------------------------------------------------------------------------------------------------------------
Supplementary information
Interest paid                                                             $          -      $          -
Income taxes paid                                                                    -                 -
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

Non-cash financing activities (note 2)

See accompanying notes to consolidated financial statements.


<PAGE>
GLOBUS WIRELESS LTD.

Notes to Consolidated Financial Statements

$ United States

Six month period ended April 30, 2000
(Unaudited - Prepared by Management)



1.       Significant accounting policies:

     a) In the opinion of  management,  all  adjustments  (consisting  of normal
recurring  items)  necessary  for  the  fair  presentation  of  these  unaudited
financial statements in conformity with generally accepted accounting principles
have been made.

     b) The Company's  subsidiary Celltech Research Inc., operates in Canada and
its  operations  are conducted in Canadian  currency.  However,  the  functional
currency  has been  determined  to be  United  States  dollars.  The  method  of
translation  applied is as  follows:

          i)  Monetary  assets and  liabilities  are  translated  at the rate of
     exchange in effect at the balance sheet date, being US $1.00 per Cdn $1.480
     at April 30, 2000;

          ii) Non-monetary assets and liabilities are translated at the exchange
     rate in effect at the  transaction  date;

          iii)  Revenues  and expenses are  translated  at the exchange  rate in
     effect at the transaction date; and

          iv) The net adjustment  arising from the  translation is recorded as a
     separate component of stockholders' equity called

         "Accumulated other comprehensive income."

     c) Basic loss per share

   Basic loss per share has been calculated using the weighted average number of
   common  shares  outstanding  during the period.  The effect of stock  options
   outstanding  during  the period  have not been  included  in the  computation
   because to do so would be anti-dilutive.

2.       Issuance of common stock:

During  the six month  period  ended  April 30,  2000,  the  Company  issued the
following common stock:

   380,305 shares for cash proceeds of $670,389;
   431,500 shares for $373,906 in share subscriptions  received prior to October
   31, 1999; and 41,900 shares for cash proceeds of $155,449 received subsequent
   to April 30, 2000.

Subsequent  to April  30,  2000,  the  Company  issued  61,070  shares  for cash
subscriptions received prior to April 30, 2000.

As  both  the  431,500  and  41,900  shares  referred  to  above  were  non-cash
transactions  for the period ended April 30, 2000, they are not reflected in the
statement of cash flows.
<PAGE>
GLOBUS WIRELESS LTD.

Notes to Consolidated Financial Statements

$ United States

Six month period ended April 30, 2000
(Unaudited - Prepared by Management)



3.       Contingencies:

     a) Pursuant to a technology licensing agreement, the Company is required to
make periodic  payments to an individual  who is the  Company's  founder,  major
stockholder and former  President.  Technology  license payments owing under the
agreement amounted to approximately $240,000 at October 31, 1999 and $300,000 at
April 30, 2000.

     During 1999, the Company  launched a lawsuit  against its former  President
for breach of his  fiduciary  duties.  As part of its claims  against its former
President,  the Company  contends that its obligations  under the agreement have
been eliminated.  Consequently,  no accrual for technology  license payments has
been made as at October 31, 1999 and April 30, 2000.

     b) On April 27, 2000, the Company signed a letter of agreement with Coleman
and  Company   Securities  Inc.  to  secure   investors  for  the  Company.   In
consideration for these services, the Company is required to:

          i) pay a monthly fee of $5,000;

          ii) issue,  within 30 days,  100,000 share  purchase  warrants with an
     exercise  price of $4.00 per share,  exerciseable  for a period of 5 years;
     and

          iii) issue,  within 30 days,  an  additional  100,000  share  purchase
     warrants  with an  exercise  price of $5.00 per share,  exerciseable  for a
     period of 5 years, vesting 20,000 warrants every 30 days from the execution
     of the letter.

4.       Depreciation:

Depreciation for the six month period ended April 30, 2000 was $26,632.


<PAGE>
Item  2.          Management's Discussion and Analysis of Financial Condition
                  and Results of Operations:

Forward Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe-harbor" for
forward-looking   statements.   This  report   includes  both   historical   and
forward-looking  statements. Any forward-looking statements contained herein are
based  on  Globus  Wireless,  Ltd's  (the  "Company)  current  expectations  and
projections about future events. All  forward-looking  statements are subject to
risks,  uncertainties,  and assumptions about the Company, including anticipated
growth  strategies,  anticipated  trends in the  business,  including  trends in
technology  and  growth  of the  wireless  communication  industry,  and  future
business directions for the Company and associated financial commitments. Should
one or more of these risks or uncertainties  materialize,  or should  underlying
assumptions prove incorrect,  the Company's actual results may differ materially
from those  described  in this report as  anticipated,  believed,  estimated  or
expected.

This Management's  Discussion and Analysis of Financial Condition and Results of
Operations  should  be read  in  conjunction  with  the  accompanying  condensed
financial  statements and notes thereto attached and the Company's  consolidated
financial  statements and notes thereto  attached in the Company's Annual Report
on Form 10-K as of and for the year ended October 31, 1999.

Overview

Globus Wireless, Ltd., originally Daytona-Pacific  Corporation, was incorporated
in June 1987, under the laws of the State of Nevada. In October 1994 the Company
acquired all of the assets of Globus  Cellular & User  Protection  Ltd.  (B.C.),
putting the Company in the  position of starting a new  business in the wireless
technology  industry.  In September  1995, the Company became a publicly  traded
corporation,  trading on the NASD  Over-the-Counter  (OTC) Bulletin Board. Since
early 1995 the Company,  has been engaged in the research and development of new
antennae  technologies  for  wireless  phones and through  until  mid-1999 was a
development company.

In June 1999 there was a change in the  management of the Company  following the
resignation of the President and CEO.

In July  1999  the  Company  entered  in to an  exclusive  wireless  accessories
distribution agreement with 2001 Technology Incorporated,  giving the Company 35
core products and 400 models for the Globus Accessory Line.

In September 1999 the Company  announced the  appointment of Mr. Shawn McMillen,
an industry  leading SAR  specialist,  as Director of Research for the Company's
wireless phone testing and engineering services division, Celltech Research Inc.
("Celltech"),  and opened a state-of-the-art  research lab facility for wireless
applications in Kelowna, B.C.

At  the  AGM  in  December  1999, the Company announced a contract manufacturing
agreement  with Auden  Technology  Mfg. Co. Ltd., for  Globus/Celltech  designed
antenna  products.  As well the Company  announced a  partnership  with Auden to
develop and market ceramic  embedded  antenna  technology for wireless  devices.
With the re-election of the Board of Directors at the AGM, the management  group
was  directed to continue to move  forward the  business of the  Company,  to an
operational concern with proven product,  manufacturing capabilities,  marketing
and sales  revenue  and  profitability.  The  Officers  for the  Company are Mr.
Bernard Penner, President, CEO and Chairman; Mr. Nick Wizinsky, Chief Operations
Officer and Secretary Treasurer;  Mr. Cary Tremblay,  Vice President Marketing &
Sales (now Vice President Corporate Development);  and as of April 2000 Mr. Gord
Walsh has been appointed Vice President Marketing & Sales Wireless Devices.
<PAGE>
Also in December 1999 the Company name was changed to Globus Wireless, Ltd., the
name being more  indicative of the  Company's  expertise,  technologies  and new
product  lines,  which  are  applicable  to all  industry  protocols  as well as
applications outside the wireless industry.

Today,  Globus  Wireless,  Ltd.,  with  its wholly owned subsidiary Celltech, is
engaged in the research,  design,  manufacture,  marketing and  distribution  of
wireless communication products. The Company has three primary objectives:

o        To  become a leading  provider  of  wireless  antenna  products  and to
         provide  solutions to achieve lower SAR (Specific  Absorption  Rate - a
         measurement  of RF exposure  absorbed by human  tissue),  for  wireless
         communications  Original  Equipment  Manufacturers  ("OEMs"),   without
         affecting  desired  performance  of  their  respective  wireless  phone
         models;

o        To become a major  supplier of quality  wireless  phone  accessories in
         North America,  South America, Latin American and South Korean markets,
         through sales to industry  dealer  organizations,  buyer groups,  major
         retail networks and service providers; and

o        To secure new marketing,  manufacturing and technology opportunities in
         the wireless  communication  industry,  which are  synonymous  with the
         Company's  commitment  to market  products  that  enhance  performance,
         reduce  operating  costs  and/or  improve  efficiency,  and which  will
         provide significant earnings to the Company.

Results of Operations

Three months ended April 30, 2000 and 1999

Consolidated  and first revenues for the Company since 1997 were $50,275 for the
second quarter of fiscal 2000,  compared to nominal sales of $117  (non-wireless
product) for the same period ending April 30, 1999.

Engineering and testing services at Celltech  provided  $39,563 in revenue.  OEM
research programs  undertaken at the direction of the Company will limit revenue
generated by Celltech.  As such,  testing & service  revenues earned at Celltech
are considered ancillary and will fluctuate with increasing demands for lab time
from the Company in support of its OEM antenna  technology  sales. In the second
quarter  Celltech  expanded its capabilities to provide testing for Family Radio
Service (FRS) devices,  a relatively  new limited range wireless  communications
product.

The balance of $10,712 in revenues in the second  quarter was  generated by test
market sales for the Company's  newly  launched  wireless  accessory  line.  The
Globus  Accessory  Line was  officially  launched at the January  2000  Consumer
Electronics Show (CES) and February 2000 Cellular Telephone Industry Association
(CTIA) Show, and the Company launched it's business-to-business (B2B) e-commerce
site for  accessories in the second  quarter.  Efforts for this division are now
focused  on  expansion  of  sales  via the B2B  site  and  establishing  product
distribution channels. Costs for accessories products sold amounted to $5972 for
the three months ended April 30,  2000,  with an average  gross margin of 44% on
accessory product sales.

The Company had research and  development  costs of $63,487 for the three months
ended April 30, 2000,  compared to $11,676 for the same period  ending April 30,
1999.

Operating and other  expenses were $396,345 for the three months ended April 30,
2000, an increase of $68,704, or 21%, from the prior year. This increase in SG&A
expenses was primarily due to expanded  marketing efforts,  including  increased
staffing,  increased travel relating  directly to marketing and promotion of the
Company's  proprietary antennae technologies and Celltech expertise to the OEMs;
costs for  building  and  promoting  the  accessories  B2B  e-commerce  site and
establishing  distribution  channels;  higher  legal  fees  relating  to several
corporate,  marketing  and  securities  matters;  and is offset by a decrease in
license fees paid under prior management in 1999.

<PAGE>
During the second  quarter of fiscal  2000 the Company  advanced  $225,000 to an
unrelated third party,  as a deposit in advance of  negotiations  concerning the
Company  making an  investment in the third party.  Pursuant to  confidentiality
agreements  signed by both companies the Company cannot  disclose the details of
the  investment  opportunity,  the  company  nor its  location.  $125,000 of the
receivable is due July 1, 2000, or sooner should negotiations end. The remaining
$100,000 is due and payable in a lump sum on or before the  February  15,  2001,
again  assuming  negotiations  are  unsuccessful.  Both  advances  may  later be
accounted for as deposits should the companies conclude an agreement.

Net losses were $415,889, or $(0.04) per share, for the second quarter of fiscal
2000 compared to $321,194, or $(0.04) per share for the same quarter last year.

Six months ended April 30, 2000 and 1999

Consolidated  revenues were $50,275 for the first six months of fiscal 2000, all
generated in the second quarter, compared to nominal sales of $265 (non-wireless
product) for the same period in 1999, were a consequence of the June 1999 change
in management and direction of the Company,  with a focus shift from research to
marketing and sales of proprietary wireless solution  technologies and accessory
products.

The Company had  research  and  development  costs of $93,859 for the six months
ended April 30, 2000,  compared to $21,741 for the same period  ending April 30,
1999.

Operating  and other  expenses  were $569,785 for the six months ended April 30,
2000, an increase of $90,118,  or 18.8% from the prior year.  Again the increase
in SG&A expenses was primarily  attributable  to the shift in business  strategy
from  research  and  development  to the  marketing  of the  Company's  wireless
proprietary  technologies,  products  and  testing  services,  and offset by the
cancellation of license fees paid under prior management in 1999.

For the six months  ended  April 30,  2000,  the  Company  had  amortization  of
$24,606.

Net losses  were  $619,341,  or $(0.05)  per share,  for the first six months of
fiscal 2000 compared to $474,408,  or $(0.06) per share for the same period last
year.

Capital Resources and Liquidity

During the three months ended April 30, 2000,  the Company  purchased  equipment
valued at $2861 and loaned or advanced  $254,771.  As a result, net cash used in
investing  activities  was $257,632 for the three months  ending April 30, 2000.
During the same  quarter in fiscal  1999 the  Company  had  purchased  equipment
valued at $52,370,  resulting in net cash provided used in investment activities
of $52,370.

During the three  months  ended April 30, 2000 the Company sold common stock for
cash of $587,989 and sold stock subscriptions for cash of $104,640. As a result,
the Company had net cash sourced from financing activities of $692,629.

Commitments & Contingencies

Following  the change in  management  in June 1999,  the  Company  entered  into
employment  contracts  with the officers for the Company.  Two of the agreements
are for a three-year term and the third agreement was renewed,  for a three-year
term, in the second quarter of 2000. A fourth officer  employment  agreement was
entered in to late in the second  quarter of 2000,  also for a three-year  term.
The agreements  provided for monthly payments  aggregating  $24,000 in total for
the four officers.  Each of the  agreements  call for increases in the Company's
monthly commitment,  subject to certain performance criteria being achieved. The
agreements are expected to continue in force until terminated by either party.

<PAGE>
During  the second  quarter of fiscal  2000 the  Company  made three  additional
significant commitments, including:

o        Appointment of KPMG LLP as the Company's new independent auditors

o        Appointment of Sichenzia Ross & Friedman, of New York, NY, as the
         Company's US Securities Counsel

o        Appointment  of  Coleman  & Company  Securities  Inc.,  of New York,
         NY, as the  Company's  investment  banker  and financial advisors

Subject to performance and duration of its agreement with the Company, Coleman &
Company will receive up to 300,000 in warrants to purchase an equivalent  amount
of Company common stock at purchase prices of $4.00, $5.00 & $6.00 per share.

Plan of Operation

Since the  commencement  of fiscal 2000 the Company has  initiated the following
actions and strategies with regards to the on-going  advancement of its business
opportunities:

     1. In April 2000 the Company  secured the  services of Gord Walsh,  as Vice
President  Marketing & Sales Wireless  Devices  (Accessories),  bringing over 20
years wireless  industry sales  experience to the Company.  Jonathan Hughes also
joined the organization as Project Manager for Celltech  Research,  providing an
extensive knowledge of US and Canadian government agency standards,  procedures,
requirements  and  regulations  for  Electro  Magnetic  Compatibility  and Radio
Frequency exposure compliance and equipment approval of wireless devices.

     2. From  February  through April 2000 the Company,  through its  subsidiary
Celltech,  undertook and completed two OEM prototype  antenna  design  programs;
also in the second  quarter  of fiscal  2000  Celltech  earned  testing  service
revenues  from other  cellular  telephone  OEMs as well as  completed  its first
compliance testing program for a FRS OEM.

     3. In February 2000 the Company launched its B2B e-commerce site for Globus
Accessories

     4. In January and February 2000 launched the Globus  Accessory  Line at the
CES and CTIA trade shows;

     5.  In  December  1999  secured  a   manufacturing   agreement  with  Auden
Technologies  Mfg. Co. Ltd. of Taiwan for the contract  manufacturing  of Globus
designed OEM antennae product; the Company also announced a research partnership
with Auden concerning ceramic embedded antenna technology.

     6. In  December  1999 the  Company  filed a  Statement  of Claim in British
Columbia Supreme Court to confirm rightful  ownership of its antenna  technology
and a  declaration  that  license and other  agreements  related to that antenna
technology  under which Dr. Paul Bickert was paid monies,  are void. The Company
asserted  that Dr. Paul  Bickert  breached  fiduciary  duties as a director  and
president  of the Company  when  license and other  agreements  were  improperly
executed  with him in his  personal  capacity.  In addition to  confirmation  of
ownership of patent rights,  the Company seeks  unspecified  damages including a
full accounting of all monies paid by the Company to Dr. Paul Bickert and for an
order  that he repay  to the  Company  all  monies  received  in  breach  of his
fiduciary  duties and all monies received  without proper  authorization  of the
Company.  On the  advice of  counsel,  the  Company  believes  its  claims to be
meritorious.  In connection with the lawsuit the Company had ceased all accruals
of technology  lease  payments for that  particular  technology,  retroactive to
fiscal year end 1997. The Company does not anticipate a resolution in the matter
until at least fiscal 2001.

<PAGE>
Subsequent  to the  end of the  second  quarter,  in  May of  2000  the  Company
announced the appointment of Coleman & Company Securities Ltd., of New York, NY,
as the  Company's  investment  bank and  financial  advisor,  and to  raise  the
investment  profile of the Company  through their  networks in the United States
and  abroad,  to have a key role in  efforts  to secure  additional  capital  to
support growth in the marketing of the Company's  proprietary  technologies  and
wireless communication  products, and to provide expertise in strategic planning
and in  evaluation  of  potential  business  acquisitions  within the  Company's
industry.

For the  balance of its present  fiscal  year,  the  Company's  efforts  will be
directed toward the following:

     1.  Securing OEM antenna  sales  contracts  utilizing  proprietary  antenna
designs and the Company's expertise in providing SAR solutions;

     2.  Expanding the B2B  e-commerce  sales  program,  and increased  sales of
wireless  devices in general,  via securing of new  distributors and dealers for
the Globus  Accessories Line,  focusing  primarily on markets in the USA, Canada
and South America;

     3. Expanding the  engineering  and testing  services of Celltech to include
full FCC and IC testing and electronic filing;

     4. Examining  potential  business  opportunities for the Company within the
wireless industry, securing the necessary capital for growth through a series of
finance related activities.

Marketing  of the  Company's  expertise  in  providing  antenna  design  and SAR
solutions for wireless phone  manufacturers is the Company's  foremost priority.
To the  extent  that  the  Company's  resources  permit,  they  will be  focused
primarily  on OEM sales  and then on  expansion  of  marketing  efforts  for the
accessories  and new  business  opportunities.  The  Company  currently  employs
fourteen employees and officers.  The Company's current monthly salary costs are
approximately  $48,000.  For three  months  ended April 30,  2000 the  Company's
average  monthly cash expenses,  inclusive of salary costs,  were  approximately
$127,000.  A  significant  amount  of the  monthly  expenses  are for  corporate
development, including marketing, travel and professional fees.

The Company anticipates having to secure additional capital to meet its on-going
requirements  and to meet its stated  objectives  before fiscal year end October
31, 2000.  The Company is in the process of identifying  potential  investors in
conjunction  with  efforts  by its  investment  banker.  Based on the  Company's
success in raising private placement  financing in the past, the Company expects
that it will  be  able  to  complete  financings  as  required  for  growth  and
operations.  The Company is also in the process of reviewing  opportunities  for
debt  financing of certain  activities of the business.  To date the Company has
not utilized  debt  financing.  The Company is not  presently  planning to incur
significant  expenses  or to  increase  its  salary  or  other  operating  costs
significantly  during the balance of the fiscal year.  Any  significant  capital
expenses  or  increases  in  operating  costs will be  dependent  on the Company
raising  additional  capital or generating revenue from sales of its products or
services.

The  Company  to date has not  generated  sufficient  revenue  from sales of its
products  or  services  to sustain  operations,  and has only  recently  had the
availability  to market  to OEMs its  antenna  design  solutions  and  products.
Furthermore,  the Company only recently in the current  fiscal year  commenced a
plan to establish  various  distribution  channels  for its  wireless  accessory
product line. The Company's  plans call for the generating of significant  sales
revenue by fiscal year end.
<PAGE>
                                     PART II
                                OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

The Company is not currently  involved in any legal proceeding that could have a
material adverse effect on the results of operations or the financial  condition
of the Company.  From time to time, the Company may become a party to litigation
incidental  to its  business.  There can be no  assurance  that any future legal
proceedings will not have a material adverse affect on the Company.

ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS

         None.


ITEM 3.  DEFAULTS UPON SENIOR SECURITIES

         None

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

         None

ITEM 5.  OTHER INFORMATION

On April 26, 2000, the Company dismissed its former independent  auditor,  James
E.  Scheifley &  Associates,  P.C.  ("Scheifley &  Associates"),  based on their
agreement that such action was in the best interests of both firms. Effective as
of that date,  the Company has engaged KPMG LLP ("KPMG") as its new  independent
auditor.  The  decision  to end the  Company's  relationship  with  Scheifley  &
Associates and to engage KPMG was recommended by the Company's independent Audit
Committee and unanimously  approved by the Company's Board of Directors on March
26, 2000.

Over the course of Scheifley & Associates' engagement, the Company and Scheifley
& Associates  had no  disagreements  on any matter of  accounting  principles or
practices,  financial statement disclosure,  auditing scope or procedure,  which
disagreement,  if not resolved to the  satisfaction  of Scheifley &  Associates,
would have caused it to make reference to the subject matter of the disagreement
in  connection  with any report or opinion  it might have  issued.  Furthermore,
neither of Scheifley & Associates' reports on the Company's financial statements
for the past two years contained an adverse opinion,  disclaimer of opinion,  or
modification or qualification of opinion.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

  (a)  Exhibits

         Exhibit 27:  Financial Data Schedule

  (b)  Reports on Form 8-K

         May 1, 2000       Change in Registrant's Certifying Accountant and U.S.
                           Securities Counsel.
<PAGE>
                                   SIGNATURES

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

                                                    GLOBUS WIRELESS, INC.

Date:  June 14, 2000                        By: /s/ Bernard D. Penner
                                                 -------------------------------
                                                    Bernard D. Penner, President