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 JULY 31, 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 12,223,788
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.

                     Nine month period ended, July 31, 2000
                      (Unaudited - Prepared by Management)




<PAGE>
GLOBUS WIRELESS LTD.
Consolidated Balance Sheets

$ United States

July 31, 2000 and October 31, 1999
<TABLE>
<CAPTION>

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

Assets
Current Assets
<S>                                                                       <C>               <C>
 Cash                                                                      $      429,739    $      487,562
 Marketable Security                                                              199,012                 -
 Accounts receivable                                                               54,291            35,197
 Loans and other advances                                                          26,725               -
 Inventories                                                                       34,868               -
 Prepaid expenses                                                                   6,966            62,432
------------------------------------------------------------------------------------------------------------------------------------
                                                                                  751,601           585,191

Property and equipment, net of accumulated depreciation                           397,705           290,351

Other assets                                                                       14,847            16,111

------------------------------------------------------------------------------------------------------------------------------------
                                                                           $    1,164,153    $      891,653
------------------------------------------------------------------------------------------------------------------------------------

Liabilities and Stockholders' Equity
Current liabilities
 Accounts payable and accrued liabilities                                  $       28,499    $       88,262
 Note payable                                                                           -             1,121
 Due to shareholder                                                                51,843            51,843
------------------------------------------------------------------------------------------------------------------------------------
                                                                                   80,342           141,226

Subscriptions for common stock                                                          -           382,627

Stockholders' equity
 Common stock                                                                      12,224            11,080
 Additional paid in capital                                                     6,490,465         4,714,212
 Accumulated other comprehensive income                                           (20,063)          (12,601)
 Deficit                                                                       (5,398,815)       (4,344,891)
------------------------------------------------------------------------------------------------------------------------------------
                                                                                1,083,811           367,800

------------------------------------------------------------------------------------------------------------------------------------
                                                                           $    1,164,153    $      891,653
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

See accompanying notes to consolidated financial statements.

On behalf of the Board:
_______________________  Director

_______________________  Director
<PAGE>
GLOBUS WIRELESS LTD.
Consolidated Statements of Operations

$ United States
<TABLE>
<CAPTION>

Three  month  periods  ended July 31,  2000 and 1999  (Unaudited  - Prepared  by
Management)
------------------------------------------------------------------------------------------------------------------------------------

                                                                                    2000              1999
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>               <C>
Engineering revenue                                                        $       19,684    $          -

Sale of accessories                                                                 9,473               -
Cost of sales                                                                       5,684               -
------------------------------------------------------------------------------------------------------------------------------------
                                                                                    3,789               -

------------------------------------------------------------------------------------------------------------------------------------
                                                                                   23,473               -
Expenses
 Research and development                                                          60,273            15,191
 General and administrative                                                       397,783           138,101
------------------------------------------------------------------------------------------------------------------------------------
                                                                                  458,056           153,292

------------------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations, before income taxes                             (434,583)         (153,292)

Income taxes                                                                          -               2,099
------------------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations                                                  (434,583)         (151,193)

Income from discontinued operation, net of income taxes                               -               4,075

------------------------------------------------------------------------------------------------------------------------------------
Loss                                                                       $     (434,583)   $     (147,118)
------------------------------------------------------------------------------------------------------------------------------------

Weighted average number of shares                                              12,071,066         7,877,747
Basic loss per share                                                       $       (0.04)    $       (0.02)
------------------------------------------------------------------------------------------------------------------------------------

Comprehensive loss
 Loss                                                                      $     (434,583)   $     (147,118)
 Foreign Currency translation adjustment                                           (2,442)          (24,325)
------------------------------------------------------------------------------------------------------------------------------------
 Comprehensive loss                                                        $     (437,025)   $     (171,443)
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

$ United States
<TABLE>
<CAPTION>

Nine  month  periods  ended July 31,  2000 and 1999  (Unaudited  -  Prepared  by
Management)
------------------------------------------------------------------------------------------------------------------------------------

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

<S>                                                                       <C>               <C>
Engineering revenue                                                       $       59,247    $          -

Sale of accessories                                                               20,185               -
Cost of sales                                                                     11,656               -
------------------------------------------------------------------------------------------------------------------------------------
                                                                                   8,529               -

------------------------------------------------------------------------------------------------------------------------------------
                                                                                  67,776               -
Expenses
 Research and development                                                        154,132            36,932
 General and administrative                                                      967,568           617,728
------------------------------------------------------------------------------------------------------------------------------------
                                                                               1,121,700           654,700

------------------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations, before income taxes                          (1,053,924)         (654,700)

Income taxes                                                                         -              11,279
------------------------------------------------------------------------------------------------------------------------------------
Loss from continuing operations                                               (1,053,924)         (643,700)

Income from discontinued operation, net of income taxes                              -              21,895

------------------------------------------------------------------------------------------------------------------------------------
Loss                                                                      $   (1,053,924)   $     (621,526)
------------------------------------------------------------------------------------------------------------------------------------
Weighted average number of shares                                             11,815,206         7,344,342
Basic loss per share                                                      $       (0.09)    $       (0.09)
------------------------------------------------------------------------------------------------------------------------------------

Comprehensive loss
 Loss                                                                     $   (1,053,924)   $     (621,526)
 Foreign currency translation adjustment                                          (7,462)           19,290
------------------------------------------------------------------------------------------------------------------------------------
 Comprehensive loss                                                       $   (1,061,386)   $     (602,236)
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

See accompanying notes to consolidated financial statements.
<PAGE>
GLOBUS WIRELESS LTD.
Consolidated Statement of Stockholders' Equity

$ United States
<TABLE>
<CAPTION>

Nine month period ended July 31, 2000
(Unaudited - Prepared by Management)

------------------------------------------------------------------------------------------------------------------------------------
                                                                                          Accumulated
                                                             Additional                     Other          Total
                                       Capital Stock          Paid in                    Comprehensive   Stockholders
                                   Shares        Amount       Capital       Deficit         Income         Equity
------------------------------------------------------------------------------------------------------------------------------------

<S>                             <C>          <C>           <C>           <C>            <C>            <C>
Balance, October 31, 1999       11,079,930   $    11,080   $ 4,714,212   $(4,344,891)   $   (12,601)   $   367,800

Issued for cash
  (note 2)                         712,358           712     1,325,905          --             --        1,326,617

Issued for subscriptions
  for common stock (note 2)        431,500           432       382,195          --             --          382,627

Compensation cost of
  options issued to
  employees (note 3)                  --            --          29,153          --             --           29,153

Compensation cost of
  warrants issued to non-
  employees (note 4)                  --            --          39,000          --             --           39,000

Loss  for the nine month
  period ended July 31, 2000          --            --            --      (1,053,924)          --       (1,053,924)

Foreign currency translation
  adjustment                          --            --            --            --           (7,462)        (7,462)

------------------------------------------------------------------------------------------------------------------------------------
Balance, July 31, 2000
  (Unaudited)                   12,223,788   $    12,224   $ 6,490,465   $(5,398,815)   $   (20,063)   $ 1,083,811
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

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

$ United States
<TABLE>
<CAPTION>

Nine  month  periods  ended July 31,  2000 and 1999  (Unaudited  -  Prepared  by
Management)
------------------------------------------------------------------------------------------------------------------------------------
                                                                                    2000              1999
------------------------------------------------------------------------------------------------------------------------------------

<S>                                                                       <C>               <C>
Net cash flows used in operating activities                               $    (992,888)    $    (303,405)

Cash flows from investing activities:
 Purchase of equipment                                                         (157,232)         (156,742)
 Loans and other advances                                                       (26,725)               -
 Purchase of marketable security                                               (199,012)               -
------------------------------------------------------------------------------------------------------------------------------------
                                                                               (382,969)         (156,742)

Cash flows from financing activities:
 Common stock issued for cash                                                 1,326,617           872,955
 Repayment of note payable                                                       (1,121)             (833)
 Increase in due to shareholder                                                      -           (143,830)
------------------------------------------------------------------------------------------------------------------------------------
                                                                              1,325,496           728,292

Effect of exchange rate changes on cash balances                                 (7,462)           19,290

------------------------------------------------------------------------------------------------------------------------------------
Increase (decrease) in cash                                                     (57,823)          287,435

Cash, beginning of period                                                       487,562            31,673

------------------------------------------------------------------------------------------------------------------------------------
Cash, end of period                                                       $     429,739    $      319,108
------------------------------------------------------------------------------------------------------------------------------------

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

Nine month period ended July 31, 2000
(Unaudited - Prepared by Management)

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


1.       Significant accounting policies:

a)   The  accompanying  financial   statements  as  at  July  31,  2000  and for
     the  three  and nine  month  periods  ended  July 31,  2000 are  unaudited;
     however,  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
          $1.477 at July 31, 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 nine  month  period  ended  July 31,  2000,  the  Company  issued the
following common stock:

 712,358 shares for cash proceeds of  $1,326,647.
 431,500 shares  for  $382,627  in share subscriptions received prior to October
 31, 1999.

As both the 431,500 shares referred to above,  the stock options  referred to in
note 3 and the notes referred to in note 4 b) were non-cash transactions for the
period ended July 31,  2000,  they are not  reflected  in the  statement of cash
flows.
<PAGE>
GLOBUS WIRELESS LTD.
Notes to Consolidated Financial Statements

$ United States

Nine month period ended July 31, 2000
(Unaudited - Prepared by Management)

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

3.     Stock options:

The Company  applies APB Opinion No. 25 in accounting for employee stock options
whereby  compensation  cost is recorded only to the extent that the market price
exceeds  the  exercise  price  at  the  date  of  grant.   Options   granted  to
non-employees are accounted for at their fair value at the date of grant.


During the nine month period ended July 31, 2000,  the Company  granted  119,000
common share  options with  exercise  prices fixed at 85% of the market value of
the Company's common shares at the grant date. Accordingly, compensation cost of
$29,153,  representing the excess of the market price over the exercise price of
the options granted,  has been included in the determination of the loss for the
period.

4.       Contingencies:

 a)  Pursuant  to a  technology  licensing  agreement,  the Company was 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   have  amounted  to  approximately   $240,000
     at October 31, 1999 and $330,000 at July 31, 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 July 31, 2000.

 b)  On May 8, 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 cash fee of $5,000;

         ii)  issue,  within 30 days,  100,000 share  purchase  warrants with an
              exercise  price  of $4.00 per share, exercisable 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, exercisable
              for a period of 5 years, vesting 20,000  warrants  every  30  days
              from the execution of the letter.

The  fair  value  of  $39,000  of  these  warrants has been determined using the
Black Scholes Method using an expected life of six months,  volatility factor of
25%,  risk free rate of 5.5% and no assumed  dividend rate and has been included
in the determination of the loss for the period.
<PAGE>
GLOBUS WIRELESS LTD.
Notes to Consolidated Financial Statements

$ United States

Nine month period ended July 31, 2000
(Unaudited - Prepared by Management)

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


5.       Depreciation:

Depreciation for the nine month period ended July 31, 2000 was $51,142.

6.       Subsequent Events:

 a)  Subsequent to July 31, 2000, the Company issued 40,000 common    shares for
     investor  relations  consulting  services. The shares vest in increments of
     10,000 on August 1, 2000, November 1, 2000, February 1,  2001  and  May  1,
     2001. The fair value of the services to be received,  aggregating  $120,000
     is equivalent to the fair market value of the shares issued.

 b)  Subsequent  to  July 31, 2000, the Company issued 93,833 common  shares for
     notes receivable, aggregating $184,854 from the exercise of employee  stock
     options. The notes receivable do not bear interest, are due within 364 days
     and are secured by the common shares issued.





<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. 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.

     The  Executive  group has a mandate from the Board of Directors 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 Corporate Development, and Mr. Gord
Walsh, Vice President Marketing & Sales Wireless Devices.

     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:
<PAGE>
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,  South Korean and other
         world 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 July 31, 2000 and 1999

     Consolidated revenues for the Company were $29,157 for the third quarter of
fiscal 2000, compared to nominal sales of $1,338 (non-wireless  product) for the
same period ending July 31, 1999.

     Engineering and testing  services at Celltech  provided $19,684 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
third quarter  Celltech  expanded its  capabilities  to provide  testing for all
types of RF emitting  devices  including  regular and rugged  laptop  computers,
personal  organizers,  traditional  two-way and marine radio products and Family
Radio Service (FRS) devices.

     The  balance of $9,473 in revenues in the third  quarter was  generated  by
on-going  test  market  sales  for  the  Company's  recently  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,  primarily to US dealers and distributors,  and on solidifying product
distribution  channels.  The  Company  is on  schedule  to  open  its  first  US
distribution  & sales  center in Sparks,  Nevada,  in  September  2000,  with an
initial  inventory  placement  of  approximately  $250,000.  From this  location
product  will  be  shipped   throughout  the  US,  while  Canadian  dealers  and
distributors will be derived by a similar operation in Kelowna,  B.C. A revamped
B2B e-commerce  website will be on-line with the opening of the US  distribution
center.  Costs for  accessories  products  sold amounted to $5,684 for the three
months  ended July 31,  2000,  with an average  gross margin of 40% on accessory
product sales.

     The Company had  research  and  development  costs of $60,273 for the three
months ended July 31, 2000,  compared to $15,191 for the same period ending July
31, 1999.

     Operating and other  expenses were $397,783 for the three months ended July
31,  2000,  an increase of $259,682  from the prior year.  The increase in these
expenses was primarily due to expanded  marketing efforts,  including  increased
staffing,  increased travel relating  directly to marketing and promotion of the
Company's proprietary solutions technologies to the OEMs; costs for building and
promoting the  accessories  B2B e-commerce  site,  redesigning the site based on
test marketing results,  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
negotiations, except for the fact that the Company has undertaken both a product
research and testing program,  and OEM marketing studies, in the area of polymer
lithium ion battery  technology.  On July 24, 2000,  the  unrelated  third party
returned the full deposit to the Company while  continuing with  negotiations on
several  marketing,  manufacturing and new product  initiatives  between the two
companies.

     Net losses  were  $434,583,  or $0.04 per share,  for the third  quarter of
fiscal 2000  compared to  $147,118,  or $0.02 per share for the same  quarter in
1999.

Nine months ended July 31, 2000 and 1999

     Consolidated  revenues  were  $79,432  for the first nine  months of fiscal
2000, all generated in the second and third quarters,  compared to nominal sales
of  $1,603  (non-wireless  product)  for the same  period  in  1999,  and 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 $154,132 for the nine
months ended July 31, 2000,  compared to $36,932 for the same period ending July
31, 1999.

     Operating  and other  expenses were $967,568 for the nine months ended July
31, 2000, an increase of $349,840,  or 56% from the prior year.  The increase in
these expenses, was directly 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 nine months ended July 31, 2000,  the Company had  amortization  of
$51,142.

     Net losses were $1,053,924 or $0.09 per share, for the first nine months of
fiscal 2000 compared to $621,526,  or $0.09 per share for the same period fiscal
1999.

Capital Resources and Liquidity

     During the nine months ended July 31 2000, the Company purchased  equipment
valued at $157,232 , invested  $199,012 in a  marketable  security and loaned or
advanced  $26,725.  As a  result,  net cash  used in  investing  activities  was
$382,969  for the nine months  ending July 31,  2000.  During the same period in
fiscal 1999 the Company had purchased equipment valued at $156,742, resulting in
net cash provided used in investment activities of $156,472.

     During the nine months  ended July 31, 2000 the Company  sold common  stock
for cash of $1,326,647  and repaid a note payable for $1,121.  As a result,  the
Company had net cash sourced from financing activities of $1,325,526.

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 first quarter of 2000. A fourth  officer  employment  agreement was
entered in to 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  current  fiscal  year  2000 the  Company  has made  additional
significant commitments, including:

o        Appointment of KPMG LLP as the Company's new independent auditors,  and
         approved by the Stockholder at the 1999 AGM on August 17, 2000

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  warrants to purchase an  equivalent
         amount of Company  common  stock at purchase  prices of $4.00,  $5.00 &
         $6.00 per share.

o        Appointment of Hayden  Communications  Inc. (South Carolina) and Market
         Pathways Financial  Relations  (California) to assist in implementing a
         national investor relations program.

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  July  2000  the  Company   received   its  first   analyst   report
         recommendation  by  Christopher  Moore,  CFA,  Senior  Vice  President,
         Director of Research,  Coleman  Investment  Banking,  New York,  with a
         Speculative-Buy rating and 12-month price target of $11.
2.       In June 2000 the Company announced it had signed a milestone  agreement
         with Hyundai  Electronics  Company,  with the Globus to supply  Hyundai
         with a custom  engineered  SAR solution for Hyundai's  latest  state-of
         the-art  single  band dual mode  wireless  cell phone.  The  open-ended
         agreement guarantees a minimum order size of 500,000 units.
3.       In June 2000 the  Company  secured the  services of Ben Hewson,  CA, to
         serve as Financial  Controller,  bringing  over 13 years  experience in
         both public and private accounting, including 7 years as an auditor for
         BDO Dunwoody and Ernst & Young.
4.       Also in June, the Company commenced testing and compliance programs for
         several manufacturers of non-cellular phone devices as the issue of SAR
         became a major  engineering  factor for all RF emitting devices in both
         the US and Canada.
5.       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.
6.       Also in May 2000 the Company  announced that Jonathan Hughes had 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.
7.       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.
8.       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.

<PAGE>
9.       In  February  2000  the  Company  launched  its B2B e-commerce site for
         Globus Accessories
10.      In January and February 2000 the Company launched the Globus  Accessory
         Line at the CES and CTIA trade shows;
11.      In December 1999 the Company also announced a research partnership with
         Auden concerning ceramic embedded antenna technology.
12.      Also 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.

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

1.       Securing OEM SAR solution sales contracts utilizing proprietary designs
         and the Company's in-house expertise in solving SAR;

2.       Launching of a revamped corporate website and now proven B2B e-commerce
         sales program, following a six-month period of test marketing for the
         product line and the distribution systems.

3.       Increased  sales of wireless  devices in general,  via  securing of new
         distributors and dealers for the Globus Accessories Line, under the B2B
         value-added  dealer program,  focused  primarily on markets in the USA,
         Canada.  Additionally the Company will look to secure both new wireless
         product and new distribution channel opportunities.

4.       Continued expansion of the engineering and testing services of Celltech
         to include  full FCC and IC testing  and  electronic  filing as well as
         solutions for OEMs and resulting in growing ancilliary revenues derived
         from testing and  compliance  filing on a growing  range of RF emitting
         devices;
5.       Examining and securing 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  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 SAR
solution  sales and on  expansion of  marketing  efforts for a growing  range of
wireless  products,  including  new  business  opportunities  in this area.  The
Company is also  undertaking to make commitments for product and market research
in to polymer lithium ion battery technology.

     The Company currently employs fifteen employees and officers. The Company's
current monthly salary costs are approximately  $48,800.  For three months ended
July 31, 2000 the Company's  average monthly cash expenses,  inclusive of salary
costs, were approximately  $77,380. 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 both longer term equity programs as well as debt financing of
certain  activities of the  business.  To date the Company has not utilized debt
financing. 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.


<PAGE>
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,  and both  accessory  sales and  Celltech  Research
should  be in a  position  to  self-finance  their  expansion  plans  as well as
contribute to the Company bottom line as of the final quarter of fiscal 2000.
<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

     On August  17,  2000,  an  Annual  Meeting  of  Stockholders  (the  "Annual
Meeting") of the  Company,  was held at The Grand  Okanagan  Hotel at 1310 Water
Street, Kelowna, B.C., Canada, V1Y 9P3, for the following purposes:

          a. To re-elect  four  directors to the  Company's  Board of Directors,
     each to hold office until his  successor is elected and  qualified or until
     his earlier resignation or removal; and

          b. To  consider  and act  upon a  proposal  to  ratify  the  Board  of
     Directors' selection of KPMG LLP, as Independent  Certified Accountants for
     fiscal year ended October 31, 2000.

     At the Annual Meeting, the Company's shareholders  re-elected the Company's
four directors, Bernard Penner, Jerome Cwiertnia, Anthony Dyck and Hans Schroth,
to the Company's  Board of Directors.  In addition,  the Company's  shareholders
unanimously  voted in favor of ratifying  the Board of  Directors'  selection of
KPMG LLP, as Independent Certified Accountants for fiscal year ended October 31,
2000.

ITEM 5.  OTHER INFORMATION

     None

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

  (a)  Exhibits

         Exhibit 27:  Financial Data Schedule

  (b)  Reports on Form 8-K

         None


<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: September 14, 2000                    By: /s/ Bernard D. Penner
                                                    Bernard D. Penner, President

Date: September 14, 2000                    By: /s/ Benjamin Hewson
                                                    Benjamin Hewson, Controller