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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                  ------------


                                   FORM 10-QSB
                                  ------------


           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                      For the quarter ended March 31, 2000

                                       OR

          [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                        Commission file number 33-30365-C
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                        EMERALD CAPITAL INVESTMENTS, INC.
           (Name of Small Business Issuer as specified in its charter)

                    Delaware                            36-3693936
               ------------------                      ------------
          (State or other jurisdiction of             (I.R.S. employer
           incorporation or organization)              identification No.)


                     536 North 100 West, Heber City, Utah 84032
                    --------------------------------------------
                      (Address of principal executive offices)


          Registrant's telephone no., including area code: (435) 654-5423
         -----------------------------------------------------------------

                330 East Main  Street,  Suite 206  Barrington,  IL 60010
         -----------------------------------------------------------------
             Former name, former address, and former fiscal year, if changed
                                 since last report.


     Securities registered pursuant to Section 12(b) of the Exchange Act: None

     Securities registered pursuant to Section 12(g) of the Exchange Act: None

Check  whether  the Issuer  (1) has filed all  reports  required  to be filed by
Section 13 or 15(d) of the Exchange  Act 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.

Common Stock  outstanding  at May 8, 2000 - 6,868,698  shares of $.001 par value
Common Stock.


                     DOCUMENTS INCORPORATED BY REFERENCE: NONE

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                                 FORM 10-QSB

                      FINANCIAL STATEMENTS AND SCHEDULES
                       EMERALD CAPITAL INVESTMENTS, INC.


                     For the Quarter ended March 31, 2000


      The following  financial  statements  and schedules of the  registrant are
submitted herewith:


                        PART I - FINANCIAL INFORMATION
                                                                     Page of
                                                                   Form 10-QSB

Item 1Financial Statements:

            Balance Sheet--March 31, 2000                                    3

            Statements of Cash Flows--for the three months
            ended March 31, 2000 and March 31, 1999                          4

            Statements of Operations--for the three months
            ended March 31, 2000 and March 31, 1999                          5

            Notes to Financial Statements                                    7

Item 2Management's Discussion and Analysis of Financial Condition
      and Results of Operations                                              8


                          PART II - OTHER INFORMATION

                                                                          Page

Item 1.     Legal Proceedings                                                9
Item 2.     Changes in the Securities                                        9
Item 3.     Defaults Upon Senior Securities                                  9
Item 4.     Results of Votes of Security Holders                             9
Item 5.     Other Information                                                9
Item 6(a).  Exhibits                                                         9
Item 6(b).  Reports on Form 8-K                                              9

                                      2

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                       EMERALD CAPITAL INVESTMENTS, INC.
                        (A Development Stage Company)

                                Balance Sheet

                                March 31, 2000
                                 (Unaudited)



Assets

Current Assets - cash                                                   $4,994
                                                               ===============



Liabilities and Stockholders' Equity

Current liabilities                                                         $0
Stockholders' equity:

      Common stock - $.001 par value
            100,000,000 shares authorized
            6,868,698 shares
            outstanding respectively                                     6,869
      Additional paid-in capital                                     2,633,596
      Retained deficit                                              (2,635,471)
                                                               ---------------

            Total stockholders' equity                                   4,994
                                                               ---------------
                  Total liabilities and stockholders' equity            $4,994
                                                               ===============

















See accompanying Notes to Financial Statements.

                                      3

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                      EMERALD CAPITAL INVESTMENTS, INC.
                        (A Development Stage Company)

                           Statement of Cash Flows

                                March 31, 2000
                                 (Unaudited)



                                         Three months Ended
                                              March 31               Cumulative
                                        2000           1999           Amounts
                                     ------------------------------------------

Cash flows from operating
activities:
     Net loss                         (1,649)          (248)          (52,341)
     Decrease in accounts receivable     -               -             30,000
     Decrease in accounts payable        -           (13,108)          (6,665)
                                     ----------     ----------
           Common Stock Issued for                                      8,000
                          services                                   ----------

             Net cash used in
             operating activities     (1,649)        (13,156)        (21,006)
                                     ----------     ----------       ----------

Cash flows from investing                -               -               -
activities

Cash flows from financing
activities - proceeds from issue of
common stock                             -            26,000          26,000
                                     ----------     ----------       ----------

   Net (decrease) increase in cash    (1,649)         12,644           4,994

Cash, beginning of period              6,643             486             -
                                     ----------     ----------       ----------

Cash, end of period                  $ 4,994        $ 13,130        $  4,994
                                     ===========   ============     ============


See accompanying Notes to Financial Statements.

                                      4

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                       EMERALD CAPITAL INVESTMENTS, INC.
                         (A Development Stage Company)

                            Statement of Operations

                                March 31, 2000
                                  (Unaudited)



                                       Three Months Ended   Cumulative
                                           March 31,        Amounts
                                       ---------------------
                                         2000        1999

Revenue                                $   -           -        -

Selling, general and administrative      1,649      13,356    52,341
                                       ---------   --------  --------



    Net loss                            (1,649)    (13,356)  (52,341)
                                       =========   ========  ========

    Net loss per share                   $(.00)      $(.00)    $(.00)
                                       =========   ========  ========

Weighted average number of shares
outstanding                            6,868,698  6,868,698  6,868,698
                                       =========  =========  =========



















See accompanying notes to financial statements.

                                      5

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                       EMERALD CAPITAL INVESTMENTS, INC.
                         (A Development Stage Company)

                        Notes for Financial Statements


(1)   The unaudited financial statements include the accounts of Emerald Capital
      Investments,  Inc.,  and include  all  adjustments  (consisting  of normal
      recurring  items)  which are, in the opinion of  management,  necessary to
      present fairly the financial position as of March 31, 2000 and the results
      of  operations  for the three months  ended March 31, 2000 and 1999,  cash
      flows for the three  months  ended March 31, 2000 and 1999 and  cumulative
      amounts since inception of the  development  stage through March 31, 2000.
      The results of  operations  for the three  months ended March 31, 2000 are
      not  necessarily  indicative  of the results to be expected for the entire
      year.

(2)   (Loss) per common share is based on the weighted  average number of shares
      outstanding during the period.

                                      6

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                                    ITEM 2

                    MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                 FINANCIAL CONDITION AND RESULTS OF OPERATIONS

General

      The Company  currently has no operations.  The Company has been seeking to
commence  operations by acquiring  another  company in a reverse  merger type of
transaction.  In May 2000,  the Company  entered into an  Agreement  and Plan of
Merger (the  "Merger") to acquire a company  known as CCC  Globalcom,  Inc. (See
"Plan of Operation").

      The financial statements attached hereto reflect the fact that the Company
has had no operations for the last several  years.  If the Agreement and Plan of
Merger is closed, of which there can be no assurance, the financial condition of
the Company will change  significantly as will the Company's capital  structure,
management and business operations.

 Financial Condition

       Total  assets at March 31, 2000 were  $4,994,  all of which was cash.  At
March 31, 2000, the Company had no liabilities.  The Company intends to use such
cash to pay for  various  filing  fees and  professional  fees  relating  to its
reporting  obligations  and to fund the costs  which may arise from  seeking new
business opportunities.

      A condition to the merger is that the Company's raise  additional  capital
in the amount of  approximately  $1,000,000.  There can be no assurance that the
Company will be able to raise such additional capital.

      If the  Merger  is not  completed,  the  Company  will  continue  to  seek
alternative  acquisitions.  However,  it is  likely  that  the  Company  will be
required  to  raise  additional  capital  in  order  to  attract  any  potential
acquisition partner.  There can be no assurance that the Company will be able to
raise any additional capital. It is also likely that any future acquisition will
be made through the issuance of shares of the Company's  common stock which will
result in the dilution of the percentage ownership of the current shareholders.

Results of Operations

      The  Company has  generated  no  revenues  since the sale of the  WRTI/CTR
operations  and assets.  The Company will not generate  any  revenues,  if ever,
until and unless it acquires an operating company or raises  additional  capital
for its own  operations.  There can be no  assurance  that either of such events
will happen.

      The Company had a net loss of $1,649 for the three  months ended March 31,
2000 compared to a loss of $13,356 for the three months ended March 31, 1999.


                                       7

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Plan of Operation

      Commencing in the fourth  quarter of 1995, the Company's Plan of Operation
was essentially the plan to sell its WRTI and CTR operation.  Effective December
29, 1995 these operations were sold. The Company's  current plan of operation is
to acquire another operating company.  It is likely that any acquisition will be
a "reverse merger"  acquisition whereby the Company acquires a larger company by
issuing shares of the Company's  common stock to the  shareholders of the larger
company.  Although the Company would be the  surviving or parent  company from a
corporate law  standpoint,  the  shareholders of the larger company would be the
controlling  shareholders of the Company and the larger company would be treated
as the survivor or parent  company from an  accounting  point of view. It can be
expected that any company which may desire to be acquired by the Company will do
so as a method of  potentially  becoming a public  company more quickly and less
expensively than if such company undertook its own public offering.

      In May 2000,  the Company  entered  into an  Agreement  and Plan of Merger
("Merger  Agreement")  with CCC Globalcom,  a Texas  corporation  which has been
recently  formed to  engage in the  telecommunications  business  in the  United
States and  internationally.  In the Merger  Agreement  the  Company has agreed,
subject to certain  conditions,  to acquire CCC Globalcom in exchange for shares
of its  Common  Stock.  There  can be no  assurance  that  the  Merger  will  be
completed. In order to complete the Merger, the Company must do the following:

      o Effect a 1-for-20  reverse  split  ("Reverse  Split")  of the  Company's
        currently issued and outstanding  shares of Common Stock and outstanding
        stock options.

      o Form a subsidiary  company  called  Emerald  Merger Sub. To complete the
        Merger,  Emerald  Merger  Sub  will  merge  into CCC  Globalcom  and CCC
        Globalcom  will be the survivor of that  Merger.  As part of the Merger,
        all of the shares of CCC Globalcom issued at the time of the Merger will
        be converted  into  30,250,000  shares of our Common  Stock  (calculated
        after the Reverse Split).

      o As a result of the Merger,  CCC  Globalcom  will  become a  wholly-owned
        subsidiary of the Company.

      o The  Merger  is  subject  to a  number  of  conditions  two of the  most
        significant of which are: (i) the raising of approximately $1,000,000 in
        new capital;  and (ii) CCC  Globalcom's  acquisition  of a company named
        Ciera Corporation.

      o CCC Globalcom was formed to engage in the  telecommunications  business.
        It has  conducted no  operations  as of the date of this Form 10-QSB and
        its  business   plan  calls  for  it  to  commence   operations  in  the
        telecommunications  business  by  acquiring  other  companies  which are
        currently operating in the telecommunications  business. CCC Globalcom's
        first acquisition will be Ciera Network Systems,  Inc. The completion of
        the Ciera  acquisition by CCC Globalcom is a condition to the closing of
        the Merger.

                                       8

<PAGE>




      o As a result  of the  Merger,  the CCC  Globalcom  shareholders  will own
        approximately  95% of the issued and  outstanding  the Company's  Common
        Stock.

      o As a result of the Merger the  officers and  directors of CCC  Globalcom
        will become the officers  and  directors  of the Company  following  the
        Merger.  Douglas P. Morris,  who is currently an officer and director of
        the Company will remain as a director following the Merger.

      o The Company will change its name from Emerald Capital  Investment,  Inc.
        to CCC  Globalcom  Corporation  or to some other  name  agreed to by the
        Company's shareholders.

      o The Company will seek to obtain approval of its current  shareholders of
        the Reverse Split,  the Merger,  the change of management and the change
        of its name.

If the Merger is Not Closed

        If the Company does not complete the Merger,  it will  continue to be an
inactive company and will continue its search for other acquisitions.

If the Merger is Closed

        If the Company does complete the Merger, it will,  through our ownership
of CCC Globalcom, be engaged in the telecommunications business..


                          PART II - OTHER INFORMATION

Item 1.  Legal Proceedings.  To the best knowledge of the Company's management,
         the Company is not a party to any legal proceeding or litigation.

Item 2.  Changes in the Rights of the Company's Security Holders.  None.

Item 3.  Defaults by the Company on its Senior Securities.  None.

Item 4.  Submission of Matters to Vote of Security Holders. No matter was
         submitted to a vote of the Company's security holders for the quarter
         ended March 31, 2000.

Item 5.  Other Information.

Item 6(a). Exhibits.  None

Item 6(b). Reports on Form 8-K.  None filed.

                                       9

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                                   SIGNATURE

      In accordance  with the  requirements of the Exchange Act, the Company has
caused this report to be signed on its behalf by the undersigned  thereunto duly
authorized.


Dated: May 12, 2000                  EMERALD CAPITAL INVESTMENTS, INC.



                                     By   /s/ Frank H. Ross, III
                                         Frank H. Ross, III
                                         President/Principal Executive Officer



                                     By   /s/ Douglas P. Morris
                                          Douglas P. Morris
                                          Principal Financial Office



                                      10