UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 10-KSB

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

       For the fiscal year ended December 31, 2005

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


                Commission file number: 000-31671

                   GLOBALWISE INVESTMENTS, INC.
      (Exact name of registrant as specified in its charter)

           Nevada                                 87-0613716
------------------------------                  ------------------
(State or other jurisdiction                    (I.R.S. Employer
incorporation or organization)                 Identification No.)

2157 S. Lincoln Street, Salt Lake City, Utah           84106
--------------------------------------------     -------------
(Address of principal executive offices)             (Zip code)

Issuer's telephone number, including area code: (801) 323-2395

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

Securities registered under Section 12(g) of the Exchange Act:  Common Stock

Check whether the issuer is not required to file reports pursuant to Section
13 or 15(d) of the Exchange Act. [ ]

Check whether the issuer (1) 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 [ ]

Check if disclosure of delinquent filers in response to item 405 of Regulation
S-B is not contained herein, and will not be contained, to the best of
registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. [X]

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).   Yes [X]   No [ ]

State issuer's revenue for its most recent fiscal year: None

As of February 23, 2006, the registrant had 802,000 shares of common stock
outstanding.  Since the registrant does not have an active trading market, a
market value of the voting stock held by non-affiliates cannot be determined.

Documents incorporated by reference: None

Transitional Small Business Disclosure Format:    Yes [ ]  No [X]


<PAGE>

                        TABLE OF CONTENTS

                              PART I

Item 1.  Description of Business...........................................3
Item 2.  Description of Property...........................................5
Item 3.  Legal Proceedings.................................................5
Item 4.  Submission of Matters to a Vote of Security Holders...............5

                             PART II

Item 5.  Market for Common Equity and Related Stockholder Matters..........6
Item 6.  Management's  Discussion and Analysis or Plan of Operation........6
Item 7.  Financial Statements .............................................7
Item 8.  Changes In and Disagreements with Accountants on Accounting and
         Financial Disclosure ............................................17
Item 8A. Controls and Procedures..........................................17
Item 8B. Other information................................................17

                             PART III

Item 9.  Directors, Executive Officers, Promoters and Control Persons,
         Compliance with Section 16(a) of the Exchange Act................17
Item 10. Executive Compensation...........................................18
Item 11. Security Ownership of Certain Beneficial Owners and Management
         and Related Stockholder Matters..................................18
Item 12. Certain Relationships and Related Transactions...................19
Item 13. Exhibits.........................................................19
Item 14. Principal Accountant Fees and Services...........................19
Signatures................................................................21



In this annual report references to "Globalwise," "we," "us," and "our" refer
to Globalwise Investments, Inc..

        SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Securities and Exchange Commission ("SEC") encourages companies to
disclose forward-looking information so that investors can better understand
future prospects and make informed investment decisions.  This report contains
these types of statements.  Words such as "may," "will," "expect," "believe,"
"anticipate," "estimate," "project," or "continue" or comparable terminology
used in connection with any discussion of future operating results or
financial performance identify forward-looking statements.  You are cautioned
not to place undue reliance on the forward-looking statements, which speak
only as of the date of this report.  All forward-looking statements reflect
our present expectation of future events and are subject to a number of
important factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.

                                2

<PAGE>


                              PART I

                 ITEM 1. DESCRIPTION OF BUSINESS

Historical Development

Globalwise Investments, Inc. was incorporated in the state of Utah on October
3, 1997, to engage in the confectionary vending machine business.  On July 12,
2000, Globalwise Investments, Inc. was incorporated in the state of Nevada and
on July 21, 2000, Globalwise Utah merged with Globalwise Nevada for the sole
purpose of changing our domicile from the state of Utah to the state of
Nevada.

Our Plan

We are a development stage company and have had recurring operating losses for
the past two fiscal years.  Our independent auditors have expressed doubt that
we can continue as a going concern unless we obtain financing to continue
operations. Our business plan is to seek, investigate, and, if warranted,
acquire an interest in a business opportunity to create necessary operating
revenue.

Our acquisition of a business opportunity may be made by merger, exchange of
stock, or otherwise.  We have very limited sources of capital, and we probably
will only be able to take advantage of one business opportunity.  As of  the
date of this filing we have not identified any business opportunity that we
plan to pursue, nor have we reached any preliminary or definitive agreements
or understandings with any person concerning an acquisition or merger.

Based on current economic and regulatory conditions, management believes that
it is possible, if not probable, for a company like ours, without many assets
or liabilities, to negotiate a merger or acquisition with a viable private
company.  The opportunity arises principally because of the expensive legal
and accounting fees and the length of time associated with the registration
process of "going public."  However, should any of these conditions change, it
is very possible that there would be little or no economic value for anyone
taking over control of Globalwise.

Our search for a business opportunity will not be limited to any particular
geographical area or industry, including both United States and international
companies.  Our management has unrestricted discretion in seeking and
participating in a business opportunity, subject to the availability of such
opportunities, economic conditions and other factors.  Our management believes
that companies who desire a public market to enhance liquidity for current
stockholders, or plan to acquire additional assets through issuance of
securities rather than for cash, will be potential merger or acquisition
candidates.

The selection of a business opportunity in which to participate is complex and
extremely risky and will be made by management in the exercise of its business
judgement.  Our activities are subject to several significant risks which
arise primarily as a result of the fact that we have no specific business and
may acquire or participate in a business opportunity based on the decision of
management which will, in all probability, act without consent, vote, or
approval of our stockholders.  We can not assure you that we will be able to
identify and acquire any business opportunity which will ultimately prove to
be beneficial to us and our stockholders.  Should a merger or acquisition
prove unsuccessful, it is possible management may decide not to pursue further
acquisition activities and management may abandon our search and we may become
dormant or be dissolved.

It is possible that the range of business opportunities that might be
available for consideration by us could be limited by impact of the SEC
regulations regarding purchase and sale of "penny stock."  Our common stock is
listed on the OTC Bulletin Board, but there is little market activity at this
time.  We cannot assure you that a market will develop or that a stockholder
will be able to liquidate his/her/its investments without considerable delay,
if at all.  If a market develops, our shares will likely be subject to the
rules of the Penny Stock Suitability Reform Act of 1990. The liquidity of
penny stock is affected by specific disclosure procedures required by this Act
to be followed by all broker-dealers, including but not limited to,
determining the suitability of the stock for a particular customer, and
obtaining a written agreement from the customer to purchase the stock.  This
rule may affect the ability of broker-dealers to sell our securities and may
affect the ability of purchasers to sell our securities in any market.

                                3


<PAGE>


Investigation and Selection of Business Opportunities

We anticipate that business opportunities will come to our attention from
various sources, including our officers and directors, our stockholders,
professional advisors, such as attorneys and accountants, securities
broker-dealers, investment banking firms, venture capitalists, members of the
financial community and others who may present unsolicited proposals.
Management expects that prior personal and business relationships may lead to
contacts for business opportunities; however, we have not entered into any
direct or indirect negotiations at the time of this filing with any person,
corporation or other entity regarding any possible business reorganization
involving Globalwise.

Our management will analyze the business opportunities; however, none of our
management are professional business analysts. (See Part III, Item 9, below.)
Our management has had limited experience with mergers and acquisitions of
business opportunities and has not been involved with an initial public
offering.  Potential investors must recognize that due to our management's
inexperience in mergers and acquisitions we may not adequately evaluate a
potential business opportunity.

Certain conflicts of interest exist or may develop between Globalwise and our
officers and directors.  Our management has other business interests to which
they currently devote attention, which include their primary employment and
they are management of other development stage reporting companies seeking
merger candidates.  Our management may be expected to continue to devote their
attention to these other business interests although management time should be
devoted to our business.  As a result, conflicts of interest may arise that
can be resolved only through their exercise of judgement in a manner which is
consistent with their fiduciary duties to us.

A decision to participate in a specific business opportunity may be made upon
our management's analysis of:
..      the quality of the business opportunity's management and personnel,
..      the anticipated acceptability of its new products or marketing concept,
..      the merit of its technological changes,
..      the perceived benefit that it will derive from becoming a publicly held
       entity, and
..      numerous other factors which are difficult, if not impossible, to
       analyze through the application of any objective criteria.

No one factor described above will be controlling in the selection of a
business opportunity.  Management will attempt to analyze all factors
appropriate to each opportunity and make a determination based upon reasonable
investigative measures and available data.  Potential business opportunities
may occur in many different industries and at various stages of development.
Thus, the task of comparative investigation and analysis of such business
opportunities will be extremely difficult and complex.  Potential investors
must recognize that because of our limited capital available for investigation
and management's limited experience in business analysis, we may not discover
or adequately evaluate adverse facts about the business opportunity to be
acquired.

In many instances, we anticipate that the historical operations of a specific
business opportunity may not necessarily be indicative of the potential for
the future because of the possible need to substantially shift marketing
approaches, significantly expand operations, change product emphasis, change
or substantially augment management, or make other changes.  We will be
dependent upon the owners of a business opportunity to identify any such
problems which may exist and to implement, or be primarily responsible for,
the implementation of required changes.

Form of Acquisition

We cannot predict the manner in which we may participate in a business
opportunity. Specific business opportunities will be reviewed as well as our
needs and desires and those of the promoters of the opportunity.  The legal
structure or method deemed by management to be suitable will be selected based
upon our review and our relative negotiating strength. Such methods may
include, but are not limited to, leases, purchase and sale agreements,
licenses, joint ventures and other contractual arrangements.  We may act
directly or indirectly through an interest in a partnership, corporation or
other forms of organization.  We may be required to merge, consolidate or
reorganize with other corporations or forms of business organizations.  In
addition, our present management and stockholders most likely will not have
control of a majority of our voting shares following a merger or
reorganization transaction. As part of such a transaction, our existing
directors may resign and new directors may be appointed without any vote by
our stockholders.

                                4


<PAGE>


We likely will acquire our participation in a business opportunity through the
issuance of common stock or other securities.  Although the terms of any such
transaction cannot be predicted, it should be noted that issuance of
additional shares might also may be done simultaneously with a sale or
transfer of shares representing a controlling interest by current principal
stockholders.

In the event we merge or acquire a business opportunity, the successor company
will be subject to our reporting obligations.  This is commonly referred to as
a "back door registration."  A back door registration occurs when a
non-reporting company becomes the successor of a reporting company by merger,
consolidation, exchange of securities, acquisition of assets or otherwise.
This type of event requires the successor company to file a current report
with the SEC which provides the same kind of information about the company to
be acquired that would appear in a registration statement, including audited
and pro forma financial statements.  Accordingly, we may incur additional
expense to conduct due diligence and present the required information for the
business opportunity in any report.  Also, the SEC may elect to conduct a full
review of the successor company and may issue substantive comments on the
sufficiency of disclosure related to the company to be acquired.

Competition

We expect to encounter substantial competition in our effort to locate
attractive opportunities.  Business development companies, venture capital
partnerships and corporations, venture capital affiliates of large industrial
and financial companies, small investment companies, and wealthy individuals
will be our primary competition. Many of these entities will have
significantly greater experience, resources and managerial capabilities than
we do and will be in a better position than we are to obtain access to
attractive business opportunities.  We also will experience competition from
other public development stage companies, many of which may have more funds
available.

Employees

We currently have no employees.  Our management expects to confer with
consultants, attorneys and accountants as necessary.  We do not anticipate a
need to engage any full-time employees so long as we are seeking and
evaluating business opportunities.

                 ITEM 2. DESCRIPTION OF PROPERTY

We do not currently own or lease any property.  Until we pursue a viable
business opportunity and recognize income, we will not seek office space.

                    ITEM 3. LEGAL PROCEEDINGS

We are not a party to any proceedings or threatened proceedings as of the date
of this filing.

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

On November 22, 2005, we held an annual meeting of shareholders for the
election of two directors.  On the record date of October 11, 2005, an
aggregate of 802,000 shares were outstanding.  A quorum of 441,000 shares were
represented in person or by proxy at the meeting.  The nominees for director,
Donald R. Mayer and Linda L. Perry were elected.

Other matters brought before the meeting was a motion that the directors
elected at this meeting serve for a term of three years rather than one year.
The motion was seconded and a majority of the shareholders approved the
motion.  Another motion was brought before the meeting that the company seek
out and enter into any potential mergers.  The motion was seconded and a
majority of the shareholders approved the motion.

The following tables provide a breakdown of the votes cast on the matters:


                                5

<PAGE>




1.     Election of directors:

       Nominees                Votes For    Votes Withheld     Votes Against
       ---------------         ---------    --------------     -------------
       Donald R. Mayer         441,000            0                 0
       Linda L. Perry          441,000            0                 0

2.     The term of the directors be changed from one year to three years.

                               Votes For    Votes Withheld     Votes Against
                               ----------   --------------     -------------
                               441,000            0                 0

3.     Approval for the company to seek out and enter into potential mergers.

                               Votes For    Votes Withheld     Votes Against
                               ----------   --------------     -------------
                               441,000            0                 0


                             PART II

ITEM 5: MARKET PRICE FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information

Our common stock is listed on the OTC Bulletin Board and trades under the
symbol "GWIV."  We have had little market activity in our common stock as of
the date of this filing.  The following table presents the range of the high
and low bids of our stock as reported by the OTC Bulletin Board.  These
quotations represent prices between dealers and may not include retail
markups, markdowns, or commissions and may not necessarily represent actual
transactions.

      Year          Quarter Ended            High              Low
      -----         -------------           -------         --------
      2004          March 31                $ 0.15           $ 0.10
                    June 30                   0.25             0.15
                    September 30              0.25             0.25
                    December 31               0.25             0.25

      2005          March 31                $ 0.30           $ 0.25
                    June 30                   0.51             0.30
                    September 30              0.51             0.51
                    December 31               0.51             0.51


Holders and Dividends

As of February 23, 2006, we had approximately 35 stockholders of record, which
does not include shares held by shareholders in "street accounts" of
securities brokers.  We have not declared dividends on our common stock and do
not anticipate paying dividends on our common stock in the foreseeable future.

Recent Sales of Unregistered Securities

None.

Issuer Purchase of Securities

None.


ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

We are a development stage company and have recorded losses since our
inception.  At December 31, 2005, we had

                                6

<PAGE>


$3,201 in cash and total liabilities of $40,995.  We cannot satisfy our cash
requirements for our operations, which are related to legal, accounting and
professional services required to prepare and file our reports with the SEC.
We are unable to pay cash for these services and have relied on related and
third parties to pay for these costs on our behalf.  These parties have not
entered into written agreements guaranteeing advances and, therefore, these
parties are not obligated to provide funds in the future.  However, management
anticipates that these parties will continue providing advances during the
next twelve months.  Historically, we have paid for these advances by
converting the debt into common stock.

Our plan for the next twelve months is to search for a business opportunity
and, if feasible, acquire an interest in a business opportunity.  If we obtain
a business opportunity, then it may be necessary to raise additional capital.
We likely will sell our common stock to raise this additional capital.  We
expect to issue such stock pursuant to exemptions provided by federal and
state securities laws.  The purchasers and manner of issuance will be
determined according to our financial needs and the available exemptions.  We
do not currently intend to make a public offering of our stock.  We also note
that if we issue more shares of our common stock, then our shareholders may
experience dilution in the value per share of their common stock.


ITEM 7. FINANCIAL STATEMENTS








                   Globalwise Investments, Inc.

                  (A Development Stage Company)

                       Financial Statements

                    December 31, 2005 and 2004








                                7



<PAGE>







                             CONTENTS


Independent Auditor's Report ..............................................9

Balance Sheets ...........................................................10

Statements of Operations..................................................11

Statements of Stockholders' Equity .......................................12

Statements of Cash Flows .................................................13

Notes to the Financial Statements .....................................14-16



                                8

<PAGE>

Chisholm                                        533 West 2600 South, Suite 25
Bierwolf &                                              Bountiful, Utah 84010
Nilson, LLC                                             Phone: (801) 292-8756
Certified Public Accountants                            Fax: (801) 292-8809


     REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors and Stockholders
of Globalwise Investments, Inc.:

We have audited the accompanying balance sheets of Globalwise Investments,
Inc. (a development stage company) as of December 31, 2005 and 2004 and the
related statements of operations, stockholders' equity and cash flows for the
years ended December 31, 2005 and 2004 and from inception October 3, 1997
through December 31, 2005.  These financial statements are the responsibility
of the Company's management.  Our responsibility is to express an opinion on
these financial statements based on our audits.

We conducted our audits in accordance with the standards of the P.C.A.O.B.
(United States).  Those standards require that we plan and perform the audits
to obtain reasonable assurance about whether the financial statements are free
of material misstatement.  The Company is not required to have, nor were we
engaged to perform, an audit of its internal control over financial reporting.
Our audit included consideration of internal control over financial reporting
as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Company's internal control over financial reporting.
Accordingly, we express no such opinion.   An audit also includes assessing
the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation.  We
believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Globalwise Investments, Inc.
(a development stage company) as of December 31, 2005 and 2004 and the results
of its operations and cash flows for the years ended December 31, 2005 and
2004 and from inception October 3, 1997 through December 31, 2005 in
conformity with generally accepted accounting principles in the United States
of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern.  The Company has suffered recurring
losses from operations which raises substantial doubt about its ability to
continue as a going concern.  Management's plans in regard to these matters
are described in Note 2.  The financial statements do not include any
adjustments that might result from the outcome of this uncertainty.


/S/ Chisholm, Bierwolf & Nilson

Chisholm, Bierwolf & Nilson
Bountiful, Utah 84010
March 2, 2006


                                9

<PAGE>


                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                          Balance Sheets

                              ASSETS

                                                           December 31
                                                   ---------------------------
                                                        2005         2004
                                                   ------------- -------------
CURRENT ASSETS

Cash                                               $      3,201  $      3,081
                                                   ------------- -------------


  Total Assets                                     $      3,201  $      3,081
                                                   ============= =============


               LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable - related                         $     30,995  $     26,345
Accounts Payable - other                                      -           185
Advances Payable                                         10,000         5,000
                                                   ------------- -------------

  Total Liabilities                                      40,995        31,530
                                                   ------------- -------------
STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 50,000,000 shares
 authorized; 802,000  shares issued and outstanding         802           802

Additional Paid in Capital                               27,542        27,542

Deficit Accumulated during the development stage        (66,138)      (56,793)
                                                   ------------- -------------

     Total Stockholders' Equity (deficit)               (37,794)      (28,449)
                                                   ------------- -------------

     Total Liabilities and Stockholders' Equity    $      3,201  $      3,081
                                                   ============= =============



The accompanying notes are an integral part of these financial statements


                               10





<PAGE>


                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                     Statements of Operations

                                                                From
                                                                Inception on
                                       For the years ended      October 3,
                                          December 31,          1997 to
                                    --------------------------- Dec. 31,
                                         2005         2004      2005
                                    ------------- ------------- -------------

REVENUES                            $          -  $          -  $          -
                                    ------------- ------------- -------------
EXPENSES

  General & Administrative                 9,345         2,104        66,138
                                    ------------- ------------- -------------

    Total Expenses                         9,345         2,104        66,138
                                    ------------- ------------- -------------

Net Loss                            $     (9,345) $     (2,104) $    (66,138)
                                    ============= ============= =============

Net Loss Per Share                  $      (0.01) $      (0.00) $      (0.09)
                                    ============= ============= =============

Weighted average shares outstanding      802,000       802,000       772,101
                                    ============= ============= =============



The accompanying notes are an integral part of these financial statements

                                11

<PAGE>


                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Statements of Stockholders' Equity
   From Inception on October 3, 1997 through December 31, 2005

                                                                  Deficit
                                                                  Accumulated
                                                      Additional  During the
                                   Common Stock       Paid in     Development
                                Shares      Amount    Capital     Stage
                            ------------- ----------- ----------- ------------

Balance, October 3, 1997               -  $        -  $        -  $         -

Shares issued for equipment
 at $0.064 per share             300,000         300      18,800            -

Net (loss) for the year
 ended December 31, 1997               -           -           -            -
                           ------------- ----------- ----------- ------------
Balance - December 31, 1997      300,000         300      18,800            -

Capital Contributions                  -           -         550            -

Net (loss) for the year
  ended December 31, 1998              -           -           -         (550)
                            ------------- ----------- ----------- ------------
Balance - December 31, 1998      300,000         300      19,350         (550)

Shares issued for cash at
 $0.0996 per share               652,000         652      64,348            -

Capital Contributions                  -           -       6,000            -

Net (loss) for the year
 ended December 31, 1999               -           -           -      (27,794)
                            ------------- ----------- ----------- ------------
Balance - December 31, 1999      952,000         952      89,698      (28,344)

Cancellation of shares in
 connection with spin-off
 of Assets and Liabilities
 of the Company                 (150,000)       (150)    (62,156)           -

Shares issued for services
  at $.25 per share               20,000          20       4,980            -

Shares issued for services
  at $.536 per share              28,000          28      14,972            -

Net (loss) for the year
 ended December 31, 2000               -           -           -      (21,345)
                            ------------- ----------- ----------- ------------
Balance - December 31, 2000      850,000         850      47,494      (49,689)

Cancellation of shares
 issued for services in 2000     (48,000)        (48)    (19,952)           -

Net (loss) for the year
  ended December 31, 2001              -           -           -            -
                            ------------- ----------- ----------- ------------
Balance - December 31, 2001      802,000         802      27,542      (49,689)

Net (loss) for the year
 ended December 31, 2002               -           -           -       (5,000)
                            ------------- ----------- ----------- ------------
Balance - December 31, 2002      802,000         802      27,542      (54,689)

Net (loss) for the year
 ended December 31, 2003               -           -           -            -
                            ------------- ----------- ----------- ------------
Balance - December 31, 2003      802,000         802      27,542      (54,689)

Net (loss) for the year
 ended December 31, 2004               -           -           -       (2,104)
                           -------------- ----------- ----------- ------------
Balance - December 31, 2004      802,000         802      27,542      (56,793)

Net (loss) for the year
 ended December 31, 2005               -           -           -       (9,345)
                           -------------- ----------- ----------- ------------

Balance - December 31, 2005      802,000  $      802  $   27,542  $   (66,138)
                           ============== =========== =========== ============


The accompanying notes are an integral part of these financial statements

                                12


<PAGE>


                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                     Statements of Cash Flows

                                                                From
                                                                Inception on
                                       For the years ended      October 3,
                                          December 31,          1997 Through
                                    --------------------------- December 31,
                                         2005         2004      2005
                                    ------------- ------------- -------------

Cash Flows from Operating Activities

  Net Loss                          $     (9,345) $     (2,104) $    (66,138)
  Adjustments for non-cash items:
   Capital contributions - expenses            -             -         6,550
   Shares issued for services                  -             -             -
   Increase in Inventory                       -             -       (21,744)
   Increase(decrease) in accounts
    payable                                4,465           185        31,594
                                    ------------- ------------- -------------
  Net Cash Provided (Used) by
    Operating Activities                  (4,880)       (1,919)      (49,738)
                                    ------------- ------------- -------------
Cash Flows from Investing Activities
  Purchase of equipment                        -             -       (20,530)
  Loss of cash in spin-off                     -             -        (1,531)
                                    ------------- ------------- -------------
  Net Cash Provided (Used) in
   Investing Activities                        -             -       (22,061)
                                    ------------- ------------- -------------
Cash Flows from Financing Activities
  Proceeds from stock issuance                 -             -        65,000
  Cash advance by unrelated company        5,000         5,000        10,000
                                    ------------- ------------- -------------
  Net cash Provided by
   Financing Activities                    5,000         5,000        75,000
                                    ------------- ------------- -------------

Increase (Decrease) in Cash                  120         3,081         3,201

Cash and Cash Equivalents,
  Beginning of Period                      3,081             -             -
                                    ------------- ------------- -------------
Cash and Cash Equivalents,
  End of Period                     $      3,201  $      3,081  $      3,201
                                    ============= ============= =============

Supplemental Cash Flow Information:
  Stock issued for services         $          -  $          -  $     20,000

  Cash Paid For:
    Interest                        $          -  $          -  $          -
    Income Taxes                    $          -  $          -  $          -



The accompanying notes are an integral part of these financial statements.

                                13

<PAGE>


                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                    December 31, 2005 and 2004

NOTE 1 - Summary of Significant Accounting Policies

     a.   Organization & Consolidation Policy

          Globalwise Investments, Inc.(the Company), a Nevada corporation, was
incorporated October 3, 1997.   The Company was organized for the purpose of
engaging in the confectionary vending machine business.  It is currently
inactive.

     b.   Accounting Method

          The Company recognizes income and expense on the accrual basis of
accounting.

     c.   Earnings (Loss) Per Share

                                        Income (loss)   Shares      Per Share
                                         (Numerator) (Denominator)   Amount
                                        ------------- ------------ -----------
For the year ended December 31, 2005:

  Basic EPS
  Income (loss) to common stockholders  $     (9,345)     802,000  $    (0.01)
                                        ============= ============ ===========
For the year ended December 31, 2004:

  Basic EPS
  Income (loss) to common stockholders  $     (2,104)     802,000  $    (0.00)
                                        ============= ============ ===========
From inception on October 3, 1997 to
December 31, 2005:

  Basic EPS
  Income (loss) to common stockholders  $    (66,138)     722,101  $    (0.09)
                                        ============= ============ ===========

          The computation of earnings per share of common stock is based on
the weighted average number of shares outstanding at the date of the financial
statements.


     d.   Cash and Cash Equivalents

          The Company considers all highly liquid investments with maturities
of three months or less to be cash equivalents.



                                14

<PAGE>


                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                    December 31, 2005 and 2004

NOTE 1 - Summary of Significant Accounting Policies (continued)

     e.   Provision for Income Taxes

          No provision for income taxes have been recorded due to net
operating loss carryforwards totaling $66,138 that will be offset against
future taxable income.  These NOL carryforwards begin to expire in the year
2018.  No tax benefit has been reported in the financial statements because
the Company believes there is a 50% or greater chance the carryforward will
expire unused.

          Deferred tax asset and the valuation account is as follows at
December 31, 2005 and 2004:



                                                       December 31,
                                                    2005          2004
                                                ------------- -------------
     Deferred tax asset:
          NOL carryforward                      $     22,487  $     19,310

          Valuation allowance                        (22,487)      (19,310)
                                                ------------- -------------
                                                $          -  $          -
                                                ============= =============

     f.   Use of estimates

          The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period.  Actual results could differ from those estimates.

NOTE 2 -  Going Concern

          The accompanying financial statements have been prepared assuming
that the Company will continue as a going concern.  The Company has no assets
and has had recurring operating losses for the past several years and is
dependent upon financing to continue operations.  The financial statements do
not include any adjustments that might result from the outcome of this
uncertainty.  It is management's plan to find an operating company to merge
with, thus creating necessary operating revenue.







                                15

<PAGE>


                   Globalwise Investments, Inc.
                  (A Development Stage Company)
                Notes to the Financial Statements
                    December 31, 2005 and 2004

NOTE 3  - Capitalization

          In 1997 the Company issued 300,000 shares of common stock for
equipment valued at $19,100.

          In 1998 the Company received a cash contribution in the amount of
$550.  No shares were issued for this contribution.

          In 1999 the Company issued 652,000 shares of stock for cash of
$65,000 ($.0996 per share).  It also received contributions in the amount of
$6,000 for which no shares were issued.

          In March, 2000, the Company exchanged all of its assets and
liabilities for 150,000 shares of its previously issued common stock.  The
shares were subsequently canceled.

          In July, 2000 the Company issued 48,000 shares of stock for costs
and services valued at $20,000.  In 2001 the Company and stockholders elected
to cancel stock and the liability was  re-established in the Accounts Payable
- related parties section of the balance sheet.

NOTE 4 -  Stock Cancellation

          The Company and stockholders have elected to cancel stock that was
issued in July, 2000 in lieu of payment for costs and services.  48,000 shares
were canceled which had been issued for services and costs valued at $20,000.
The liability has been re-established in the Accounts Payable - related
parties section of the balance sheet.

NOTE 5 -  Development Stage Company

          The Company is a development stage company as defined in Financial
Accounting Standards Board Statement No. 7.  It is concentrating substantially
all of its efforts in raising capital and searching for a business operation
with which to merge, or assets to acquire, in order to generate significant
operations.

NOTE 6 -  Related Party Transactions

          As of the year ended December 31, 2005 the Company has incurred
$30,995 of professional fees payable to First Equity Holdings Corp.  An
officer of the Company was an employee of First Equity Holdings Corp.







                                16

<PAGE>


     ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
                ACCOUNTING AND FINANCIAL DISCLOSURE

In our current report dated February 9, 2004, we reported that our independent
auditors, Chisholm & Associates, Certified Public Accountants, resigned as our
independent auditors and we engaged Chisholm, Bierwolf & Nilson, LLC,
Certified Public Accountants, as our independent auditors .

                ITEM 8A.  CONTROLS AND PROCEDURES

Our President, who acts in the capacities of our principal executive officer
and principal financial officer, evaluated the effectiveness of our disclosure
controls and procedures as of the end of the period covered by this report.
Based on that evaluation, he concluded that our disclosure controls and
procedures were effective.

He also determined that there were no changes made in our internal controls
over financial reporting during the fourth quarter of 2005 that have
materially affected, or are reasonably likely to materially affect our
internal control over financial reporting.

                    ITEM 8B. OTHER INFORMATION

None.


                             PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS,
          COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE

Directors and Executive Officers

Our executive officers and directors and their respective ages, positions, and
biographical information are set forth below.  Our bylaws require two
directors who serve until our next annual meeting or until each is replaced by
a qualified director.  At our annual meeting of shareholders held on November
22, 2005, a majority of our shareholders approved a term of three years for
the directors elected at that meeting.  Our executive officers are chosen by
our board of directors and serve at its discretion.  There are no existing
family relationships between or among any of our executive officers or
directors.

Name                  Age    Position Held              Director Term
-----                 ----   --------------             --------------
Donald R. Mayer       66     President, Director        Nov. 2005 to Nov. 2008
Linda L. Perry        61     Secretary/Treasurer,       Nov. 2005 to Nov. 2008
                             Director

Donald R.  Mayer -  Mr. Mayer is the President and a director of Universal
Business Insurance, an insurance company that he founded.  He has worked in
the insurance industry for over twenty years, specializing in the motel/hotel
industry.  He is a director of Nova Star Innovations, Inc. and WorldNet, Inc.
of Nevada, development stage reporting companies.  He graduated from the
University of Utah, located in Salt Lake City, Utah, with a bachelors degree
in accounting.

Linda L. Perry - Mrs. Perry serves as President of Business Builders, Inc., a
privately held business consulting firm which she co-founded in 1997.  She
also serves as a Director of Wings & Things, Inc., a development stage
reporting company.  She attended Weber State College, located in Ogden, Utah.

Audit Committee Financial Expert

Because we have minimal operations we do not have an audit committee serving
at this time, nor do we have an audit committee financial expert serving on an
audit committee.


                                17

<PAGE>



        Compliance with Section 16(a) of the Exchange Act.

Section 16(a) of the Securities Exchange Act of 1934 requires our directors,
executive officers and persons who own more than five percent of a registered
class of our equity securities, to file with the Securities and Exchange
Commission initial reports of ownership and reports of changes in ownership of
common stock and our other equity securities.  Officers, directors and greater
than ten-percent beneficial owners are required by SEC regulations to furnish
us with copies of all Section 16(a) reports they file.  We believe no reports
were required to be filed for the year ended December 31, 2005.

Code of Ethics

Due to the fact that we have minimal operations, we have not adopted a code of
ethics for our principal executive and financial officers.  Our board of
directors will revisit this issue in the future to determine if adoption of a
code of ethics is appropriate.  In the meantime, our management intends to
promote honest and ethical conduct, full and fair disclosure in our reports to
the SEC, and compliance with applicable governmental laws and regulations.

                 ITEM 10. EXECUTIVE COMPENSATION

None of our named executive officers received any cash compensation, bonuses,
stock appreciation rights, long term compensation, stock awards or long-term
incentive rights in excess of $100,000 from us during the past three fiscal
years.  Mr. Mayer, our President, who acts in the capacity of chief executive
officer did not receive compensation during the year ended December 31, 2005.
We have not entered into employment contracts with our executive officers and
their compensation, if any, will be determined at the discretion of our board
of directors.

Compensation of Directors

We do not have any standard arrangement for compensation of our directors for
any services provided as director, including services for committee
participation or for special assignments.

ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
                 AND RELATED STOCKHOLDER MATTERS

Securities Under Equity Compensation Plans

We do not have any securities authorized for issuance under any equity
compensation plans.

Beneficial Ownership

The following table sets forth the beneficial ownership of our outstanding
common stock by our management and each person or group known by us to own
beneficially more than 5% of our outstanding common stock.  Beneficial
ownership is determined in accordance with the rules of the SEC and generally
includes voting or investment power with respect to securities.  Except as
indicated by footnote, the persons named in the table below have sole voting
power and investment power with respect to all shares of common stock shown as
beneficially owned by them.  The percentage of beneficial ownership is based
on 802,000 shares of common stock outstanding as of February 23, 2006.


                    CERTAIN BENEFICIAL OWNERS

Name and Address of               Number of Shares of
Beneficial Owners                 Common Stock             Percentage of Class
-----------------------           -------------------      -------------------
Brent Nelson                         150,000                    18.7%
6740 South 2455 West
West Jordan, Utah 84084



                                18
<PAGE>


Aaron Nelson                          50,000 (1)                 6.2%
5710 E. Tropicana #2023
Las Vegas, NV 89122

First Equity Holdings Corp.           72,500 (2)                 9.0%
2157 S. Lincoln Street
Salt Lake City, Utah 84106

     (1) Includes 25,000 shares held by spouse.
     (2) Includes 35,000 shares held by this company's affiliates.


                            MANAGEMENT

Name and Address of               Number of Shares of
Beneficial Owners                 Common Stock             Percentage of Class
-------------------------         -------------------      -------------------
Donald R. Mayer                         7,500                 Less than 1%
6360 South 3000 East #205
Salt Lake City, Utah 84121


     ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

We have not engaged in any transactions in excess of $60,000 during the past
two years involving our executive officers, directors, 5% or more stockholders
or immediate family members of such persons.

                        ITEM 13. EXHIBITS

No.     Description
----    -----------
3.1     Articles of Incorporation, as amended (Incorporated by reference to
        exhibit 3.1 of Form 10-QSB, filed October 11, 2001)
3.2     Bylaws of Globalwise (Incorporated by reference to exhibit 3.3 of Form
        10-SB, filed October 2, 2000.)
31.1    Principal Executive Officer Certification
31.2    Principal Financial Officer Certification
32.1    Section 1350 Certification

         ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES

Accountant Fees

The following table presents the aggregate fees billed for each of the last
two fiscal years by our principal accountant, Chisholm, Bierwolf & Nilson LLC,
Certified Public Accountants, in connection with the audit of our financial
statements and other professional services rendered by that firm.

                                   2005           2004
                               ---------       ---------
      Audit fees               $   1,593       $   1,379
      Audit-related fees               0               0
      Tax fees                         0               0
      All other fees           $       0       $       0

Audit fees represent the professional services rendered for the audit of our
annual financial statements and the review of our financial statements
included in quarterly reports, along with services normally provided by the
accountant in connection with statutory and regulatory filings or engagements.
Audit-related fees represent


                                19
<PAGE>




professional services rendered for assurance and related services by the
principal accountant that are reasonably related to the performance of the
audit or review of our financial statements that are not reported under audit
fees.

Tax fees represent professional services rendered by the principal accountant
for tax compliance, tax advice, and tax planning.  All other fees represent
fees billed for products and services provided by the principal accountant,
other than the services reported for the other categories.

Pre-approval Policies

We do not have an audit committee currently serving and as a result our board
of directors performs the duties of an audit committee.  Our board of
directors will evaluate and approve in advance the scope and cost of the
engagement of an auditor.  We do not rely on pre-approval policies and
procedures.

                                20

<PAGE>

                            SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934,
the registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.


Date: March 24, 2006                GLOBALWISE INVESTMENTS, INC.


                                    /s/ Donald R. Mayer
                              By: ____________________________________________
                                    Donald R. Mayer
                                    President


Pursuant to the requirements of the Securities Exchange Act of 1934.  This
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.




Date: March 24, 2006          /s/ Donald R. Mayer
                              ___________________________________________
                              Donald R. Mayer
                              Principal Executive Officer
                              Principal Financial and Accounting Officer


Date: March 24, 2006          /s/ Linda L. Perry
                               __________________________________________
                              Linda L. Perry
                              Secretary/Treasurer and Director



                                21