FORM 10-QSB/A

                     SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

(Mark One)

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

For the quarterly period ended March 31, 2001

OR

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

Commission file number 333-51302

                     STAMPEDE WORLDWIDE, INC.
       (Exact name of registrant as specified in its charter)

                            FLORIDA
   (State or other jurisdiction of incorporation or organization)

                         58-2235301
            (I.R.S. Employer Identification No.)

3910 Riga Boulevard, Tampa, Florida                       33619
(Address of principal executive offices)               (Zip Code)

                       (813) 630-2762
         (Registrant's telephone number, including area code)

Not applicable
(Former name, former address and former fiscal year, if changed since last
report)

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 Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.

Yes    X        No

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Sections 12, 13 or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a
plan confirmed by a court.

Yes ___ No ___

APPLICABLE ONLY TO CORPORATE ISSUERS:

The number of shares outstanding of each of the issuer's classes of common
stock, as of May 11, 2001, was 88,542,387 shares, all of one class, $.001
par value.

Transitional Small Business Disclosure Format (check one);

Yes ___ No  X

PART I--FINANCIAL INFORMATION

Item 1.   Financial Statements.

          STAMPEDE WORLDWIDE, INC. AND SUBSIDIARIES
                        Balance Sheets
                          (Unaudited)

Assets                                             As of
                                               March 31, 2001
                                                ------------
Current Assets:
  Cash                                         $      2,535
  Accounts Receivable, Net of Allowance
   of $27,750                                       236,246
  Inventory                                          92,893
  Other Current Assets                              247,110
                                                ------------
   Total Current Assets                             578,784

Property and Equipment, Net of
 Accumulated Depreciation of $330,694             4,414,208

Advances to Stockholders                            723,004

Intangible Assets, Net                              227,871
                                                ------------
  Total Assets                                 $  5,943,867
                                                ============
Liabilities and Stockholders' Equity

Current Liabilities:
  Bank Overdraft                               $     43,119
  Short-Term Notes                                  133,779
  Current Maturities of Long-Term Debt              300,248
  Accounts Payable                                  600,313
  Accrued Payroll Liabilities                       147,864
  Other Accrued Liabilities                         355,185
                                                ------------
   Total Current Liabilities                      1,580,508

Long-Term Liabilities                             2,287,875

Stockholders' Equity:
  Common Stock, $.001 par value,
   20,000,000 Shares Authorized, 88,542,387
   Shares Issued and Outstanding at March
   31, 2001                                          88,542
  Preferred Stock, 10,000,000 Shares Authorized,
   Convertible Series A, 350 Shares Authorized,
    93 Shares Issued and Outstanding at
    March 31, 2001                                  170,000
  Additional Paid in Capital                     19,140,137
  Common Stock Receivable                       (   920,667)
  Accumulated Deficit                           (16,402,528)
                                                ------------
   Total Stockholders' Equity                     2,075,484
                                                ------------
  Total Liabilities and
    Stockholders' Equity                       $  5,943,867
                                                ============

See accompanying notes to financial statements

             STAMPEDE WORLDWIDE, INC. AND SUBSIDIARIES
                Consolidated Statements of Operations
                            (Unaudited)
                                           For the three months ended
                                                  March 31,
                                           2001                2000
                                       ------------       ------------

Sales                                 $    472,422       $    344,762

Cost of Sales                              428,472            295,343
                                       ------------       ------------
Gross Profit                                43,950             49,419
                                       ------------       ------------
Operating Expenses:
  General and Administrative             1,680,493          1,786,377
  Interest                                  50,562             19,139
  Depreciation                             109,906             45,150
                                       ------------       ------------
   Total Operating Expenses              1,840,961          1,850,666
                                       ------------       ------------
Net Loss from Operations                (1,797,011)        (1,801,247)

Loss on Disposal of Assets                                 (   90,717)

Extraordinary Items:
Gain on Liquidation of a Subsidiary
   Acquired in a Pooling-of-Interests                       1,388,657
Gain on Forgiveness of Debt                153,555
                                       ------------       ------------
Net Loss                              $ (1,643,456)      $ (  503,307)
                                       ============       ============
Net Loss per Share                    $      (0.02)        $    (0.06)
                                       ============       ============
Weighted Average Shares Outstanding     81,120,634          8,154,282
                                       ============       ============

See accompanying notes to financial statements

             STAMPEDE WORLDWIDE, INC. AND SUBSIDIARIES
                Consolidated Statements of Operations
                            (Unaudited)
                                           For the six months ended
                                                  March 31,
                                           2001                2000
                                       ------------      ------------

Sales                                 $  1,035,379       $    903,918

Cost of Sales                              947,611            700,630
                                       ------------       ------------
Gross Profit                                87,768            203,288
                                       ------------       ------------
Operating Expenses:
  General and Administrative             2,286,426          2,539,975
  Interest                                 102,401             82,039
  Depreciation                             212,446            109,292
                                       ------------       ------------
   Total Operating Expenses              2,601,273          2,731,306
                                       ------------       ------------
Net Loss from Operations                (2,513,505)        (2,528,018)

Loss on Disposal of Assets                                 (   90,717)

Extraordinary Items:
Gain on Liquidation of a Subsidiary
   Acquired in a Pooling-of-Interests                       1,388,657
Gain on Forgiveness of Debt                153,555
                                       ------------       ------------
Net Loss                              $( 2,359,950)      $( 1,230,078)
                                       ============       ============
Net Loss per Share                    $      (0.04)      $      (0.21)
                                       ============       ============
Weighted Average Shares Outstanding     53,447,081          5,838,864
                                       ============       ============

See accompanying notes to financial statements

               STAMPEDE WORLDWIDE, INC. AND SUBSIDIARIES
                  Consolidated Statements of Cash Flows
                               (Unaudited)
                                           For the six months ended
                                                  March 31,
                                           2001                2000
                                       ------------       ------------
Cash Flows from Operating Activities
  Net Loss                            $( 2,359,950)      $( 1,230,078)
  Adjustments to Reconcile Net
   Loss to Net Cash Used in
   Operating Activities:
    Depreciation and Amortization          212,445            109,292
    Provision for Losses on Accounts
     Receivable                        (     5,500)
    Loss on Disposal of Assets                                 90,717
    Extraordinary Item - Forgiveness
     Of Debt                           (   153,555)
    Extraordinary Item - Liquidation
     Of Subsidiary                                        ( 1,388,657)
    Expenses Paid with Stock             1,339,063          2,005,789
   Changes in Operating Assets and
     Liabilities:
    Accounts Receivable                (    95,081)            41,030
    Inventory                                8,818        (    24,834)
    Other Current Assets                    46,742            122,130
    Other Assets                                          (   136,812)
    Accounts Payable                       267,502        (   304,460)
    Accrued Liabilities                ( 1,427,914)       (   526,137)
                                       ------------       ------------
     Net Cash Used by Operating
      Activities                       ( 2,167,430)       ( 1,242,020)
                                       ------------       ------------
Cash Flows from Investing Activities

  Capital Expenditures                 (   162,914)       (   511,569)
  Liquidation of Segment                                  (     6,303)
  Increase in Investments                                 (   199,471)
                                       ------------       ------------
   Net Cash Used by Investing
    Activities                         (   162,914)       (   717,343)
                                       ------------       ------------
Cash Flows from Financing Activities

  Bank Overdraft                            43,119        (    31,944)
  Principal Payments on Long-Term Debt (    50,758)       (    27,075)
  Principal Payments on Short-Term Debt(     5,000)
  Stockholders Advances                (   126,248)       (    73,280)
  Proceeds from Issuance of Preferred
   Stock                                   170,000
  Proceeds from Issuance of Common
   Stock                                 2,248,020          2,527,607
                                       ------------       ------------
   Net Cash Provided by
    Financing Activities                 2,279,133          2,395,308
                                       ------------       ------------
Net Increase (decrease) in Cash         (   51,211)           435,945

Cash at Beginning of Year                   53,746              7,707
                                       ------------       ------------
Cash at End of Year                  $       2,535       $    443,652
                                       ============       ============

Supplemental Disclosures of Cash Flow Information:

Cash Paid During the Year for
  Interest                           $      23,174       $      -

Supplemental Schedule of Noncash Investing and Financing Activities:

  Stock Issued for Receivables       $     351,000       $   576,000
  Stock Issued for Debt Repayment    $     681,396       $   350,153
  Stock Issued for Stockholder
   Advances                          $      -            $   381,443
  Stock Issued for Investments       $      -            $    51,667
  Fixed Asset Disposals              $      -            $ 1,015,453


See accompanying notes to financial statements

                STAMPEDE WORLDWIDE, INC., AND SUBSIDIARIES
                     Notes to Financial Statements
                              (Unaudited)

Note 1, Summary of Significant Accounting Policies

The accompanying unaudited consolidated financial statements
have been prepared in accordance with generally accepted accounting
principles for interim financial information and with the instruction
ns to Form 10-QSB and Item 310 of Regulation S-B.  Accordingly, they
do not include all the information and footnotes required by general
ly accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary for fair presentation of the
results of operations for the periods presented have been included.
Operating results for the interim period shown in this report are not
necessarily indicative of the results that may be expected for the year
ending September 30, 2001. For further information, refer to the
consolidated financial statements and footnotes included in the
Company's Annual Report on Form 10-KSB.



Note 2, Capitalization

In October 2000, the Company designated 350 shares of authorized
preferred stock as Series A Convertible Preferred Stock.  Each share
has a stated and liquidating value of $10,000 and has no voting rights
except as stated below.  The shares participate on any dividend
declared on the Company's common stock.  The Series A Convertible
Preferred Stock is redeemable at the option of the Company at its
stated value plus a premium of 10% annually.  The shares are
convertible at the option of the holder after one year in a ratio
based on 50% of market price provided that sufficient number of common
shares are available to effect the conversion.  In the event such
common shares are not available, the preferred shares cease to be
redeemable and will be granted voting rights on an as converted basis.

In November 2000, the Company designated 150 shares of  authorized
preferred stock as Series B Convertible Preferred Stock.  The shares
have the right to participate in dividends declared on common shares
on an as converted basis.  Each share has a stated and liquidating
value of $10,000 and has no voting rights except in the event the
Company fails to perform certain covenants or discharge certain
obligations as agreed.  The Company agreed to not declare any
dividends on, make any distribution to, or repurchase or redeem any
class of stock ranking junior to the Series B.   The shares may be
redeemed at the option of the Company after one year for the
redemption price of $11,000 per share.  The shares are convertible at
the option of the holder up to one year in a ratio based on 50% of the
market value.  The Company is required to escrow not less than 125% of
the largest number of common stock into which the outstanding
preferred shares can be converted.

On November 13, 2000, the Board of Directors authorized a five-to-one
reverse stock split.  All references in the accompanying unaudited
consolidated financial statements to the number of common shares and
per share amounts have been restated to reflect the stock split


Note 3, Accrued Compensation

The statement of operations included in the unaudited consolidated
financial statements include an adjustment to compensation expense and
accrued stock compensation to reflect the change in the market price
of the outstanding stock options.  The difference between the
estimated accrual at September 30, 2000  and at March 31, 2001 in the
amount of $1,414,960 was booked as a reduction in General and
Administrative expense.



Note 4, Going Concern

The Company has incurred substantial operating losses since inception.
Current liabilities exceed current assets by $1,001,724 at March
31,2001. These factors, combined with the fact that the Company has not
generated positive cash flows from operating activities since
inception, raise substantial doubt about the Company's ability to
continue as a going concern.  The unaudited consolidated financial
statements do not include any adjustments relating to the
recoverability and classification of recorded assets of the amounts and
classification of liabilities that might be necessary if the Company is
unable to continue as a going concern.


Note 5, Acquisitions

On February 12, 2001, the Company entered into a non-binding memorandum
of understanding under which Specialized Solutions, Inc., a privately
owned, Florida corporation, will merge into i - Academy, Inc., a
Florida corporation and a wholly-owned subsidiary of Stampede
Worldwide, Inc., Following the merger, the Company will retain
3,500,000 shares of the surviving corporation, which will be renamed
Specialized Solutions, Inc.  The Company will be obligated to
distribute 2,500,000 shares of the surviving corporation to its
stockholders as a dividend in kind.  The surviving corporation will
file a registration statement under the Securities Act of 1933.  The
Company will retain one million shares for investment and for possible
future sale..  The merger transaction is subject to preparation of a
definitive merger agreement and completion of an audit of Specialized
Solution's financial statements suitable for filing under the federal
securities laws.  The merger is expected to be consummated in the third
quarter of 2001.


Note 6, Suspension of Operations

On March 30, 2001, the Company suspended the operations of several of
its subsidiaries engaged in the technology sector.  These subsidiaries
include : Stampede Network.com, Inc., Spiderscape, Inc., i-Academy,
Inc. and Stampede Quest.  The Company continues to operate its printing
operations in its Chronicle Commercial Printing, Inc. subsidiary.


Note 7, Extraordinary Item

During the quarter ended March 31, 2001, the Company was able to
negotiate the settlement of certain debts for less than their carrying
values.  These transactions resulted in a gain from forgiveness of debt
of $153,555.


Note 8,  Subsequent Event Petition for Relief under Chapter 11

On April 6, 2001, Stampede Worldwide, Inc. (the Debtor) filed a
petition for relief under Chapter 11 of the federal bankruptcy laws in
the United States Bankruptcy Court for the Middle District of Florida,
Tampa Division, Case No. 01-06240-8G1.  Under Chapter 11, certain
claims against the Debtor in existence prior to the filing of the
petition for relief under the federal bankruptcy laws are stayed while
the Debtor continues business operations as Debtor-in-possession.
Additional claims (liabilities subject to compromise) may arise
subsequent to the filing date resulting from the rejection of executory
contracts, including leases, and from the determination by the court
(or agreed to by other parties in interest) of allowed claims for
contingencies and other disputed amounts. Claims secured against the
Debtor's assets  (secured claims) are also stayed, although the holders
of such claims have the right to move the court for relief from the
stay.  The subsidiaries of the Company have not filed for bankruptcy
protection.

NOTE 9:  REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

 As stated in Note 2, on November 13, 2000, the Board of Directors
authorized a five-to-one reverse stock split.  As required by generally
accepted accounting principles, all references in the consolidated
financial statements to the number of common shares and per share amounts
were retroactively restated to reflect the stock split. Subsequent to the
issuance of the unaudited consolidated financial statements management
determined that the reverse stock split and associated increase in
authorized common shares to 100 million was not valid under applicable
state law.  Florida law requires written notice to stockholders of a
reverse split within thirty days, which was not given, and stockholder
approval for the Company to maintain its previously authorized one hundred
million shares of common stock following the reverse split, which was not
obtained.  Further, one director failed to provide written consent to the
reverse split as required by law. The unaudited consolidated balance
sheets have been restated to correct the number of common shares
authorized to 20 million in accordance with state law.

 Management has determined that approximately sixty-three million shares of
common stock sold at an approximate aggregate price of $3,077,522, subsequent to
September 30, 2000, exceeded the Company's authorized shares under state law. On
April 6, 2001, the Parent Corporation filed for protection under Chapter 11 of
the federal bankruptcy code.  Management believes that the defect in the
authorization of the shares will be cured in with the Bankruptcy Court's
approval of the Company's Plan of Reorganization under Chapter 11.  The possible
losses that could be incurred as a result of these transactions are not
reasonably estimable.

Item 2.  Management's Discussion and Analysis

This quarterly report contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and Section 27A of the Securities Act of 1933, as amended, and
is subject to the safe harbors created by those sections. These
forward-looking statements are subject to significant risks and
uncertainties, including information included under Parts I and II of
this annual report, which may cause actual results to differ materially
from those discussed in such forward-looking statements. The forward-
looking statements within this annual report are identified by words
such as "believes", "anticipates", "expects", "intends", "may", "will"
and other similar expressions regarding the Company's intent, belief
and expectations. However, these words are not the exclusive means of
identifying such statements. In addition, any statements that refers to
expectations, projections or other characterizations of future events
or circumstances and statements made in the future tense are forward-
looking statements. Readers are cautioned that actual results may
differ materially from those projected in the forward-looking
statements as a result of various factors, many of which are beyond the
control of the Company. The Company undertakes no obligation to
publicly release the results of any revisions to these forward-looking
statements that may be made to reflect events or circumstances
occurring subsequent to the filing of this quarterly report with the
SEC. Readers are urged to carefully review and consider the various
disclosures made by the Company in this quarterly report.

Background:

During the three months ended March 31, 2001, the Company's activities
were conducted primarily in its subsidiaries.  During the quarter ended
March 31, 2001, the Company's subsidiaries and their respective
businesses were as follows:
      Chronicle Commercial Printing, Inc. - commercial web offset
printing
      Stampede Network.com, Inc. - web design and hosting, and
proprietary database programming
      Spiderscape.com, Inc. - internet and catalog based computer
hardware and software retailing
      i-Academy, Inc. - technical computer and software training
facilities
      Stampede Quest, a technology employment placement agency which
also operates under the i-Academy subsidiary.

During the quarter ended March 31, 2000, the Company's subsidiaries and
their respective businesses were as follows:
      Chronicle Commercial Printing, Inc. - commercial web offset
printing
      Stampede Network.com, Inc. - web design and hosting, and
proprietary database programming
      Spiderscape.com, Inc. - internet and catalog based computer
Hardware and software retailing
      i-Academy, Inc. - technical computer and software training
facilities
      Stampede Quest, a technology employment placement agency which
also operates under the i-Academy subsidiary.
      Bartow Communications, Inc. - publisher of new homes real estate
guides in Metropolitan Washington, DC
      Americomp Computers, Inc. - full computer sales and service
Business in Houston, Texas

Financial results:

The Company's financial position worsened as of March 31, 2001 in
contrast to its financial position at March 31,2000.  The Company's
current assets for the six months ended March 31, 2001 decreased by
$658,432 and current liabilities increased by $636,393 as compared to
the same six-month period ended March 31, 2000.  The cash balance
decreased by $484,236 and the accounts payable and accrued liabilities
balances increased by $280,593 as of the aforementioned dates.
Stockholders' equity has decreased by $704,272 from $2,779,756 at March
31, 2000 to a balance of $2,075,484 at March 31, 2001.  Overall, the
balance sheet has increased by $2,084,996 from total assets of
$3,858,871 at March 31, 2000 to $5,943,867 at March 31, 2001.

The Company showed an increase in revenues, principally from commercial
printing and e-commerce solutions for the six months ended March 31,
2001 in the amount of $131,461 or an increase of 14.5% over the same
period for 2000.  The increase fell short of management's expectations
for the quarter.  The Company's management believes that the shortfall
was due primarily from outside economic factors effecting potential
client's ability to seek technology solutions and services and a change
in marketing strategy from an inside sales force to the use of external
telemarketers.  Cost of sales increased by $246,981 for the six months
period ended March 31, 2001 versus 2000.  Management believes these
increases were the results of rising product and labor costs due to
inflation and a tight labor market.  Additionally, the gross profit
margin decreased to 8.4% for the six months ended March 31, 2001, in
contrast to a gross margin of 22.4% for the same period in 2000.

Net loss per common share, basic decreased by $0.17 to $(0.04) for the
six months ended March 31, 2001 versus ($0.21) for the same quarter of
2000.

Liquidity and financial resources:

During the quarters ended March 31, 2001 and 2000, the Company funded
much of its working capital needs through the sale of its common stock.

The Company's working capital declined by $708,623 as of March 31, 2001
when compared to March 31, 2000.  This decline is due to a decrease in
cash, an increase in accounts payable and the current portion of the
Company's long-term financing of the property and plant facilities
inTampa, Florida.  The Company's current ratio at March 31, 2001 is a
negative 1.0:1.7 ratio in contrast to the negative current ratio of
0.1:1.0 at March 31, 2000

During the current quarter the Company's management has vigorously been
eliminating and rectifying ongoing operational and administrative
matters
to more effectively continue with its ongoing efforts to strengthen and
ultimately bring profitability to the Company and its shareholders.
These efforts have included significant reduction of payables,
resolution of litigation and employment contracts, and refocusing on
core business objectives.

On March 30, 2001, the Company suspended the operations of several of
its subsidiaries engaged in the technology sector.  These divisions
include: Spiderscape, Inc., i-Academy, Inc. and Stampede Quest.  The
Company continues to operate its printing operations in its Chronicle
Commercial Printing, Inc. and internet solutions provider Stampede
Network.com, Inc. subsidiaries.

To this end on February 12, 2001, the Company entered into a non-
binding memorandum of understanding under which Specialized Solutions,
Inc., a Florida corporation, who will acquire a controlling interest in
i-Academy, Inc., a Florida corporation and a wholly-owned subsidiary of
Stampede Worldwide, Inc., by means of a reverse merger and thereafter
will become a publicly traded company.  With fiscal year 2001
anticipated revenues of $6,000,000 and estimated pretax gross profits
of $600,000, Specialized Solutions, Inc. is a positive step in
enhancing shareholder value by providing improved revenue streams and
profitability. Also shareholders of the Company will receive a pro-rata
portion of the new company's stock in the form of a stock dividend.  On
May 11, 2001, the Company and Specialized Solutions, Inc. executed a
definitive merger agreement.  The merger is expected to be consummated
in the third quarter of 2001.



PART II--OTHER INFORMATION

Item 1.  Legal Proceedings

On April 6, 2001, Stampede Worldwide, Inc. (the Debtor) filed a
petition for relief under Chapter 11 of the federal bankruptcy laws in
the United States Bankruptcy Court for the Middle District of Florida,
Tampa Division, Case No. 01-06240-8G1.  Under Chapter 11, certain
claims against the Debtor in existence prior to the filing of the
petition for relief under the federal bankruptcy laws are stayed while
the Debtor continues business operations as Debtor-in-possession.
Additional claims (liabilities subject to compromise) may arise
subsequent to the filing date resulting from the rejection of executory
contracts, including leases, and from the determination by the court
(or agreed to by other parties in interest) of allowed claims for
contingencies and other disputed amounts. Claims secured against the
Debtor's assets  (secured claims) are also stayed, although the holders
of such claims have the right to move the court for relief from the
stay.  The subsidiaries of the Company have not filed for bankruptcy
protection.

Larry S. Hyman vs. Chronicle Communications, Inc., Case No. 98-5547 CI
7 in the Pinellas County, Florida Circuit Court.  This action is for
breach of contract in the acquisition of a printing plant and seeks
$739,371.70 in damages.  Plaintiff's motion for summary judgment has
been denied.  The Company believes it has substantial defenses to this
claim and is vigorously defending.

Patken Leasing Company, Inc. vs. Chronicle Communications, Inc., Case
No. 99014163, in the Dade County, Florida Circuit Court.  This action
seeks the recovery of approximately $108,000 for sums advanced to
Bright Now, Inc., a former subsidiary of the Company that was
liquidated in bankruptcy.  The Company believes it has substantial
defenses to this claim and is vigorously defending.

Item 2.  Changes in Securities.

In October 2000, the Company designated 350 shares of authorized
preferred stock as Series A Convertible Preferred Stock.  Each share
has a stated and liquidating value of $10,000 and has no voting rights
except as stated below.  The shares participate on any dividend
declared on the Company's common stock.  The Series A Convertible
Preferred Stock is redeemable at the option of the Company at its
stated value plus a premium of 10% annually.  The shares are
convertible at the option of the holder after one year in a ratio based
on 50% of market price provided that sufficient numbers of common
shares are available to effect the conversion.  In the event such
common shares are not available, the preferred shares cease to be
redeemable and will be granted voting rights on an "as converted"
basis.

In November 2000, the Company designated 150 shares of authorized
preferred stock as Series B Convertible Preferred Stock.  The shares
have the right to participate in dividends declared on common shares on
an "as converted" basis.  Each share has a stated and liquidating value
of $10,000 and has no voting rights except in the event the Company
fails to perform certain covenants or discharge certain obligations as
agreed.  The Company agreed to not declare any dividends on, make any
distribution to, or repurchase or redeem any class of stock ranking
junior to the Series B.  The shares may be redeemed at the option of
the Company after one year for the redemption price of $11,000 per
share.  The shares are convertible at the option of the holder up to
one year in a ratio based on 50% of the market value.  The Company is
required to escrow not less than 125% of the largest number of common
stock into which the outstanding preferred shares can be converted.

On November 13, 2000, the Board of Directors authorized a five-to-one
reverse stock split.  All references in the accompanying unaudited
consolidated financial statements to the number of common shares and
per share amounts have been restated to reflect the stock split

Item 3.  Defaults Upon Senior Securities.

Not Applicable

Item 4.  Submission of Matters to a Vote of Security Holders

Not Applicable

Item 5.  Other Information

On February 12, 2001, the Company entered into a non-binding memorandum
of understanding under which Specialized Solutions, Inc., a privately
owned, Florida corporation, will merge into i - Academy, Inc., a
Florida corporation and a wholly-owned subsidiary of Stampede
Worldwide, Inc., Following the merger, the Company will retain
3,500,000 shares of the surviving corporation, which will be renamed
"Specialized Solutions, Inc."  The Company will be obligated to
distribute 2,500,000 shares of the surviving corporation to its
stockholders as a dividend in kind.  The surviving corporation will
file a registration statement under the Securities Act of 1933.  The
Company will retain one million shares for investment and for possible
future sale.  The merger transaction is subject to preparation of a
definitive merger agreement and completion of an audit of Specialized
Solution's financial statements suitable for filing under the federal
securities laws.  On May 11, 2001, the Company and Specialized
Solutions, Inc. executed a definitive merger agreement.  The merger is
expected to be consummated in the third quarter of 2001.

Item 6.  Exhibits and Reports on Form 8-K

(27) Financial Data Schedule

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.

Stampede Worldwide, Inc. and Subsidiaries
(Registrant)

Date:  May 15, 2001

/s/  John V. Whitman, Jr.
John V. Whitman, Jr., Chairman and Chief Executive Officer

Date:  May 15, 2001

/s/  Winston D. Carlee, Jr.
Winston D. Carlee, Jr., Chief Financial Officer





FISCAL-YEAR-END                            SEP-30-2001
PERIOD-END                                 MAR-31-2001
CASH                                             2,535
SECURITIES                                           0
RECEIVABLES                                    268,996
ALLOWANCES                                     (32,750)
INVENTORY                                       92,893
CURRENT-ASSETS                                 247,110
PP&E                                         4,744,902
DEPRECIATION                                  (330,694)
TOTAL-ASSETS                                 5,943,867
CURRENT-LIABILITIES                          1,580,508
BONDS                                                0
PREFERRED-MANDATORY                                  0
PREFERRED                                      170,000
COMMON                                          88,542
OTHER-SE                                             0
TOTAL-LIABILITY-AND-EQUITY                   5,943,867
SALES                                        1,035,379
TOTAL-REVENUES                               1,035,379
CGS                                            947,611
TOTAL-COSTS                                          0
OTHER-EXPENSES                               2,498,872
LOSS-PROVISION                                       0
INTEREST-EXPENSE                               102,401
INCOME-PRETAX                               (2,513,505)
INCOME-TAX                                           0
INCOME-CONTINUING                           (2,513,505)
DISCONTINUED                                         0
EXTRAORDINARY                                        0
CHANGES                                              0
NET-INCOME                                  (2,359,950)
EPS-BASIC                                        (0.05)
EPS-DILUTED                                      (0.05)