U.S. SECURITIES AND EXCHANGE COMMISSION







WASHINGTON, D.C.  20549







FORM 10-KSB







(Mark One)





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







For Fiscal Year
Ended: December 31, 2002







or







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





For the transition period from
________________ To ___________________









Commission file number:
0-27737





Canglobe International, Inc.



(Name of small business issuer in its charter)





Nevada



State or other jurisdiction of                                                                                            (I.R.S. Employer

incorporation or organization                                                                                            Identification No.)





700 Ioco Road, Coquitlam, B.C., Canada V3H 2W8



(Address of principal executive offices)     (Zip code)





Red Butte Energy, Inc., Suite #700-509 Richards St., Vancouver, B.C., Canada, V6B 2Z6



(Former name and former address)



Issuer's telephone number

(604) 461-4946





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

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





Common Stock, par value $.001



(Title of class)











Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of
the Exchange Act during the past 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 there is no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B
is not contained in this form, and no disclosure will 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. [ ]









State issuer's revenues for its most recent fiscal year.  
$    0









As of December 31, 2002, there were
2,350,007 shares of the Registrant's common stock, par value $0.001, issued and
outstanding. The aggregate market value of the Registrant's voting stock held by
non-affiliates of the Registrant: as of December 31, 2002 was $415,000.



DOCUMENTS INCORPORATED BY REFERENCE







If the following documents are incorporated by reference, briefly describe them and identify
the part of the Form 10-KSB (e.g., Part I, Part II, etc.) into which the document is incorporated:  (1)
any annual report to security holders; (2) any proxy or information statement; and (3) any prospectus
filed pursuant to Rule 424(b) or (c) of the Securities Act of 1933 ("Securities Act"):
NONE





Transitional Small Business Disclosure Format (check one):  Yes
; NO X





TABLE OF CONTENTS





Item Number and Caption







PART I





Item 1.Description of Business

Item 2.Description of Property

Item 3.Legal Proceedings

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







PART II





Item 5. Market for Common Equity and Related Stockholder Matters

Item 6. Management's Discussion and Analysis or Plan of Operations

Item 7. Financial Statements



Item 8. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure







PART III





Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act

Item 10. Executive Compensation



Item 11. Security Ownership of Certain Beneficial Owners and Management

Item 12. Certain Relationships and Related Transactions





Item 13. Exhibits and Reports on Form 8-K



PART I















ITEM 1.      DESCRIPTION OF BUSINESS











General





Beginning in
late 2001 and continuing through early 2002, we entered into a series of
transactions culminating in a thrust into the natural resources business
environment. As well on the same date the Company changed it's
name to Red Butte Energy, Inc. The Company formerly was an Internet destination
providing comminity, content and commerce for the sportbike and motorcycle
enthusiast. The eSportbike.com website was a location where individuals could
create their own websites, publish pictures of their bikes, share information,
communicate, shop and discover meaningful, relevant content targeted to their
specific interests.  The Company discontinued this activity during the
fourth quarter of 2001.





On April 18, 2002 the Company entered into a letter of intent to acquire an undivided
50% interest in the Coal Creek

Basin and adjacent properties in McBrien
Twp., Ontario, Canada. The Company ultimately abandoned that project when the
claims did not contain the estimated resources.





The Company  has
subsequently determined that it will enter into the tire recycling and rubber
reclamation industry, based upon licensed technology available from its largest
shareholder, Canglobe Development, Inc. Canglobe Development has a patented
process of devulcanizing rubber and reactivating the crumb rubber resulting from
the majority of tire shredding activities.







On March 19,
2002, we amended our Articles of Incorporation to change our name from "eSportbike.com,
Inc." to "Red Butte Energy, Inc." The purpose of this amendment was to reflect
the scope and type of our business activities. At the same time, we effected a
reduction in our outstanding capitalization by effecting a "reverse split"
pursuant to which we issued one share of our common stock in exchange for every
eight (8) outstanding shares of our common stock. As a result of the reverse
split, the number of issued and outstanding shares of our common stock was
reduced from 16,400,000 share to 2,050,000 shares. The rights and preferences of
our common stock were not modified or amended in connection with the reverse
split and the Company's trading symbol was changed to "RDBT".  On January
16, 2003, the Company again changed its name from Red Butte to Canglobe
International, Inc. and the trading symbol changed to "CGLB".





During the
period covered by this report, we conducted only minimal business operations, we
engaged in research activities or related development to explore the tire
recycling industry, and did not expend any amounts on plant or project
development.  We currently have no employees. Certain administrative
services relating to our minimal operations were provided by employees of our
majority shareholders.  No actual recycling activities have been undertaken
as yet.







History









Company was organized as Morenci Corp., a Nevada Corporation, for the purpose of
creating a corporate vehicle to seek, investigate and, where appropriate, acquire an interest in one
or more business opportunities presented to it by persons or firms who or which desire to seek
perceived advantages of a publicly held corporation.







Morenci was incorporated on April 7, 1997 and was formed specifically to be a
"clean
public shell." for the purpose of either merging with or acquiring an operating company.  The
Company ceased all activities from October 29, 1996 to July 9, 1999 and was considered
dormant.  On July 9, 1999, the Company obtained a certificate of renewal from the State of
Nevada.  On March 2, 2000 the Company entered into an agreement whereby the Company, in a
reverse merger, purchased the assets of eSportbike.com, Inc.  The Company also changed its
name to eSportbike.com, Inc.  From March 2, 2000 to October 2001 the Company operated an
internet web site in the sport bike industry.  On March 19, 2002 the Company changed its name
to Red Butte Energy, Inc. and on January 16, 2003 to Canglobe International,
Inc.







The Company's
authorized capital is 100,000,000 shares of common stock, par value $0.001 per
share. It is quoted and traded from time to time on the National Association of
Security Dealers, Inc. (the "NASD's") OTC Bulletin Board Under the symbol "CGLB"





The  executive  offices of the Company are  located at 700 Ioco Road, Coquitlam, B.C.
Canada V3H 2W8. Its telephone number is (604) 461-4946.



OPERATING LOSSES





The Company has
incurred net losses of approximately $228,000 and $20,000 for the
fiscal years ended December 31, 2002 and December 31, 2001, respectively.  Such operating
losses reflect developmental and other start-up activities.  The Company expects to incur losses in
the near future.  The Company's operations are subject to numerous risks associated with
establishing any new business, including unforeseen expenses, delays and complications.  There
can be no assurance that the Company will achieve or sustain profitable operations or that it will
be able to remain in business.







FUTURE CAPITAL NEEDS AND UNCERTAINTY OF ADDITIONAL FUNDING





The Company was not in full operations during 2002 and 2001 and thus, the revenues
generated are not representative of those that will be generated once the Company becomes fully
operational.  Revenues are not yet sufficient to support the Company's operating expenses and
are not expected to reach such levels during 2002.  Since the Company's formation, it has funded
its operations and capital expenditures primarily through private placements of debt and equity
securities.  See "Recent Sales of Unregistered Securities."  The Company expects that it will be
required to seek additional financing in the future.  There can be no assurance that such financing
will be available at all or available on terms acceptable to the Company.







GOVERNMENT REGULATION







The Company is subject to all pertinent Federal, State, and Local laws governing its
business.  The Company is subject to licensing and regulation by a number of authorities in its
Province (State) or municipality.  These may include health, safety, and fire regulations.  The
Company's operations are also subject to Federal and State minimum wage laws governing such
matters as working conditions and overtime.







RISK OF LOW-PRICED STOCKS





Rules 15g-1 through 15g-9 promulgated under the Securities Exchange Act of 1934 (the
"Exchange Act") impose sales practice and disclosure requirements on certain brokers and
dealers who engage in certain transactions involving "a penny stock."





Currently, the Company's Common Stock is considered a penny stock for purposes of the
Exchange Act.  The additional sales practice and disclosure requirements imposed on certain
brokers and dealers could impede the sale of the Company's Common Stock in the secondary
market.  In addition, the market liquidity for the Company's securities may be severely adversely
affected, with concomitant adverse effects on the price of the Company's securities.





Under the penny stock regulations, a broker or dealer selling penny stock to anyone other
than an established customer or "accredited investor" (generally, an individual with net worth in
excess of $1,000,000 or annual incomes exceeding $200,000, or $300,000 together with his or
her spouse) must make a special suitability determination for the purchaser and must receive the
purchaser's written consent to the transaction prior to sale, unless the broker or dealer or the
transaction is otherwise exempt.  In addition, the penny stock regulations require the broker or
dealer to deliver, prior to any transaction involving a penny stock, a disclosure schedule prepared
by the Securities and Exchange Commission (the "SEC") relating to the penny stock market,
unless the broker or dealer or the transaction is otherwise exempt.  A broker or dealer is also
required to disclose commissions payable to the broker or dealer and the registered representative
and current quotations for the Securities.  In addition, a broker or dealer is required to send
monthly statements disclosing recent price information with respect to the penny stock held in a
customer's account and information with respect to the limited market in penny stocks.







THE VOLATILITY OF OUR STOCK PRICE





Our quarterly operating results may fluctuate significantly as a result of a variety of
factors, many of which are outside of our control.  These factors include:





-    The amount and timing of orders for our services or products;





-    Disruptions in the supply of delivering services or products;





-    Seasonal variations in the sale of our services or products; and





-    General economic conditions.







LACK OF TRADEMARK AND PATENT PROTECTION









The Company relies on a combination of trade secret, copyright and trademark law,
nondisclosure agreements and technical security measures to protect its products.
Notwithstanding these safeguards, it is possible for competitors of the company to obtain its trade
secrets and to imitate its products.  Furthermore, others may independently develop products
similar or superior to those developed or planned by the Company.







COMPETITION





The Company faces
competition from a wide variety of rubber recyclers, tire shredders and waste
processors, many of which have substantially greater financial, marketing, and
technological resources than we have.  We believe, however, that numerous
opportunities for development and participation in devulcanized, reactivated
rubber abound, and are virtually unlimited in the near term, as the only known
patent for the company's devulcanization process is held by our majority
shareholder, Canglobe Development, Inc.







EMPLOYEES





As of April 1, 2003, the Company had no employees.

















ITEM 2.    DESCRIPTION OF PROPERTY













Since 1997 all administrative activities of the Company have been conducted by corporate
officers from either their home or business offices.  Currently, there are no outstanding debts
owed by the Company for the use of these facilities and there are no commitments for future use
of the facilities.





Since March 2001, the Company has been using office space provided by
Public Idea
Capital Ltd., on a gratis basis.  Charles Spooner shareholder and director of the Company is also
a shareholder and director of public Idea Capital Ltd.

















ITEM 3.      LEGAL PROCEEDINGS









Not Applicable.



















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





No matters were subject to a vote of security holders during the year 2002.







PART II















ITEM 5.    MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS















MARKET INFORMATION





The Company's Common Stock is traded from time to time on the NASD's OTC Bulletin
Board under the symbols "ESPB," "RDBT," and "CGLB".  The following table presents the high and low bid quotations
for the Common Stock as reported by the NASD for each quarter during the last two years.  Such
prices reflect inter-dealer quotations without adjustments for retail markup, markdown or
commission, and do not necessarily represent actual transactions.





2001:

High

LowFirst Quarter

$ 0.17

$ 0.075Second Quarter

-

-Third Quarter

-

-Fourth Quarter

-

-2002:First Quarter

$ 0.15

$ 0.10Second Quarter

0.70

0.13Third Quarter

1.22

0.48Fourth Quarter

1.12

0.30






DIVIDENDS







The Company has never declared or paid any cash dividends.  It is the present policy of
the Company to retain earnings to finance the growth and development of the business and,
therefore, the Company does not anticipate paying dividends on its Common Stock in the
foreseeable future.





The number of
shareholders of record of the Company's Common Stock as of December 31, 2002 was
approximately 38.







RECENT SALES OF UNREGISTERED SECURITIES





In connection with organizing the Company, on April 18, 1997, twenty-eight persons
consisting of its officers, directors, and other individuals were issued a total of 1,000 shares of
Common Stock at a value of $.001 per share. On May 6, 1999, those outstanding shares were
forward split 1,000 to 1, resulting in a total of 1,000,000 shares outstanding.







On February 23, 2000, Mr. Daniel L. Hodges returned 800,000 shares to the treasury and
the shares were canceled, resulting in 200,000 remaining shares outstanding.









On February 23, 2000 the Company declared a forward split 27 to 1, resulting in
a total of 5,400,000 shares outstanding.







On March 20, 2000, the Company issued 5,000,000 shares of the Company's common
stock to each of Robert E. McLachlan and Kent Courtice and 1,000,000shares to M. Gregg
Marshall for services to the Company as officers and directors.







On March 13, 2001, Robert Mclauchlan and Kent Courtice each transferred 5,000,000
shares of the Company's common stock to Sinoray.  In exchange, Xue Ming Liang and Public
Idea Capital Ltd. assumed two hundred and twenty thousand dollars in debt that the Company
owed to McLauchlan and Courtice.



On MArch 5, 2003, the
Company issued 150,000 shares to each of 2 consultants, Ian Stuart and Chris
Stewart, in exchange for services rendered, and subsequently registered these
shares on Form S-8 on June 18, 2002.

















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











The following information should be read in conjunction with the information in Item 7,
Financial Statements, and other information regarding our financials performance for the period
covered by this report included elsewhere in this report.  The following discussions and other
parts of this report may contain forward-looking statements that involve risks and uncertainties.
Our actual results may differ significantly from the results discussed in those forward-looking
statements.  Factors that might cause such differences include, but are not limited to, our history
of unprofitability and the uncertainty of our profitability, our ability to develop and introduce new
services and products, the uncertainty of market acceptance of those services or products, our
potential reliance on collaborative partners, our limited sales and marketing experience, the
highly competitive industries in which we operate and general economic and business conditions,
some or all of which may be beyond our ability to control.











Plan of Operations -  The Company was organized for the purpose of creating a
corporate vehicle to seek, investigate and, if such investigation warrants, acquire an interest in
one or more business opportunities presented to it by persons or firms who or which desire to
seek perceived advantages of a publicly held corporation.









The Company may incur significant post-merger or acquisition registration costs in the
event management wishes to register a portion of their shares for subsequent sale. The Company
will also incur significant legal and accounting costs in connection with the acquisition including
the costs of preparing post- effective amendments, Forms 8-K, agreements and related reports
and documents.











The Company will not have sufficient funds (unless it is able to raise funds in a private
placement) to undertake any significant development, marketing and manufacturing of the
products acquired.  Accordingly, following the acquisition, the Company will, in all likelihood,
be required to either seek debt or equity financing or obtain funding from third parties, in
exchange for which the Company may be required to give up a substantial portion of its interest
in the acquired product.  There is no assurance that the Company will be able either to obtain
additional financing or interest third parties in providing funding for the further development,
marketing and manufacturing of any products acquired.





On March 19, 2002 the Board of Directors approved a 1 for 8 reverse stock split.  As well
on the same date the Company changed it's name to Red Butte Energy, Inc.





The Company will not proceed with the development of any software business in Asia.
Similarly the Company has decided not to operate any web based business related to sportbikes
or any other products. The Company will concentrate on opportunities in the tire
reclamation and rubber recycling industries.





Results of Operations - From April 7, 1997 to July 9, 1999 the Company was an
inactive corporation.  From July 9, 1999 the Company was  a development stage company and
had not begun principal operations.   During 2001 and 2000 the Company attempted to provide
an internet web site that has since proved uneconomical and has been abandoned.  Accordingly,
comparisons with prior periods are not meaningful.







LIQUIDITY AND CAPITAL RESOURCES







The Company has met its capital requirements through the sale of its Common Stock .





Since the Company's re-activation in July 9, 1999, the Company's principal capital
requirements have been the funding of the development of the Company.





The Company expects future development and expansion will be financed through cash
flow from operations and other forms of financing such as the sale of additional equity and debt
securities, capital leases and other credit facilities.  There are no assurances that such financing
will be available on terms acceptable or favorable to the Company.





Government Regulations - The Company is subject to all pertinent Federal, State, and
Local laws governing its business.  The Company is subject to licensing and regulation by a
number of authorities in its Province (State) or municipality.  These may include health, safety,
and fire regulations.  The Company's operations are also subject to Federal and State minimum
wage laws governing such matters as working conditions and overtime.

















ITEM 7.    FINANCIAL STATEMENTS







The financial statements of the Company and supplementary data are included beginning
immediately following the signature page to this report.  See Item 13 for a list of the financial
statements and financial statement schedules included.

















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













As a result of the previously reported change of control the registrant engaged a new
independent accountant as the principal accountant to audit the registrant's financial statements.
The new independent accountant is Robison, Hill & Co., Certified Public Accountants.  The
change in accountants, which was effective April 20, 2002 was recommended by the registrant's
chief financials officer and approved by the Board of Directors.







There are not and have not been any disagreements between the Company and its
accountants on any matter of accounting principles, practices, financial statements disclosure or
auditing scope or procedure.







Prior to the new
engagement, the registrant had not consulted the new accountant regarding: (I)
the application of accounting principles to a specific completed or contemplated
transactions, or the type or audit opinion that might be rendered on the
financial statements, or any advice as to any accounting, auditing or financial
reporting issue; or (ii) any matter that was the subject of a disagreement with
the previous accountants.





The registrant has provided the former accountant James Stafford, Chartered Accountant
with a copy of the disclosures it is making in response to this item in this Form 10-KSB and has
requested the former accountant to furnish a letter addressed to the Securities and Exchange
Commission stating whether the former accountant agrees with the statements made and, if not,
stating the respects in which it disagrees.  The registrant will file the letter as an exhibit to an
amendment to this Form 10-KSB.







PART III



























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











Executive Officers and Directors







The members of the Board of Directors of the Company serve until the next annual
meeting of stockholders, or until their successors have been elected. The
officers serve at the pleasure of the Board of Directors. On October 22, 2002,
when Canglobe Development acquired 1,250,000 shares of the Company's common
stock from Sinoray Technology, Chris Stewart was appointed to the Board of
Directors, and Xue Ming Liang resigned.  On January 30, 2003, three
additional directors were appointed: Veronica Norris, Dr. Willi Neumann and
Harry McKiners.  Chris Stewart resigned on March 3, 2002, leaving the board
with four members until Mach 2003 when Heinz Leuders was appointed President and
Director of the Company.  The following table sets forth the name, age, and
position of each executive officer and director of the Company:





|                  |     |                              |                    
|----------------- | --- | ---------------------------- | -------------------
|Director's   Name | Age | Office                       | Term Expires       
|Heinz Leuders     | 65  | President and Director       | next annual meeting
|Veronica Norris   | 37  | Director                     | next annual meeting
|Dr. Willi Neumann | 62  | Director                     | next annual meeting
|Harry McKinders   | 66  | Director                     | next annual meeting
|Charles Spooner   | 51  | Secretary/Treasurer/Director | next annual meeting



Set forth below is certain biographical information, present occupation and business
experience for the past five years of each director and executive officer of the Company.
Officers of the Company are elected by the Board of Directors and hold office until their
successors are chosen and qualified, until their death or until they resign or have been
removed from office.  All corporate officers serve at the discretion of the Board of
Directors.



Veronica Norris, 37, joined the Company as a member of the Board of Directors in
January 2003. She has been the owner/operator of Norris Outdoor Advertising,
Ltd. since 2001.  This company specialized in outdoor advertising in 300
locations for approximately 50 clients.  Prior to purchasing this business,
she was a Senior Consultant for the Children's Services Department of the
Government of Alberta. Veronica Norris is the spouse of Hon. Mark Norris,
Minister of Economic Development, Government of Alberta.







Charles Spooner joined the Company as a member of the Board of Directors in March
2000.  He has been President and Director of Sonrae Corporation since 1982.  Sonrae
Corporation is a private investment company with interests in consulting, hospitality, oil and gas
and real estate.  Since October 2000 he is also a shareholder and director of Public Idea Capital
Ltd., a private management consulting company and subsidiary of Sonrae Corporation.





Harry McKinders, 66,
joined the Company as a member of the Board of Directors on January 2003. 
He has broad experience in the investment field, providing consulting services
to numerous public and private companies over the past 35 years. Prior to this
business experience, he was an account executive with Burns Brothers and Denton
Ltd. (now BMO Nesbitt Burns). Since 1995, he is President of McKinders Financial
Corporation, and he is the general manager of Rembrandt Enterprises Ltd. Also
since 1995, he has served as a Director of Solid Resources Ltd and Luxor
Developments, Inc. both listed on the TSX exchange.



Dr. Willi Neumann,
62, joined the Company as a member of the Board of Directors in January 2003. 
Since 1999 he has been Director of Research with Canglobe Development Europe
GmbH, in Berlin, Germany.  From 1994 to 1999, Dr. Neumann was Director of
Research for Holzmann System-und Umwelttechnik GmbH in Rain/Lech Germany. Dr.
Neumann headed the team of scientists who developed and patented the technology
for de-vulacanizing rubber powder produced from the recycling of used tires.



Heinz Leuders, 65,
was appointed the President and Director of the Company in March 2003. 
Since 1996, he has been President and CEO of Canglobe Development, Inc. in
Edmonton, AB, Canada.  Canglobe Development, Inc. is the Company's majority
shareholder and owns the patented technology for de-vaulcanizing rubber powder
produced from the recycling of used tires.







Conflicts of Interest









Certain conflicts of interest existed at December 31, 2002 and may continue to exist between the
Company and its officers and directors due to the fact that each has other business interests to
which they devote their primary attention.  Each officer and director may continue to do so
notwithstanding the fact that management time should be devoted to the business of the
Company.







Certain conflicts of interest may exist between the Company and its management, and conflicts
may develop in the future.  The Company has not established policies or procedures for the
resolution of current or potential conflicts of interests between the Company, its officers and
directors or affiliated entities.  There can be no assurance that management will resolve all
conflicts of interest in favor of the Company, and failure by management to conduct the
Company's business in the Company's best interest may result in liability to the management.
The officers and directors are accountable to the Company as fiduciaries, which means that they
are required to exercise good faith and integrity in handling the Company's affairs. Shareholders
who believe that the Company has been harmed by failure of an officer or director to
appropriately resolve any conflict of interest may, subject to applicable rule of civil procedure, be
able to bring a class action or derivative suit to enforce their rights and the Company's rights.







Board Meetings and Committees





The Directors and Officers will not receive remuneration from the Company until a
subsequent offering has been successfully completed, or cash flow from operating permits, all in
the discretion of the Board of Directors.  Directors may be paid their expenses, if any, of
attendance at such meeting of the Board of Directors, and may be paid a fixed sum for attendance
at each meeting of the Board of Directors or a stated salary as Director.  No such payment shall
preclude any Director from serving the Corporation in any other capacity and receiving
compensation therefor.  No compensation has been paid to the Directors.  The Board of Directors
may designate from among its members an executive committee and one or more other
committees.  No such committees have been appointed.







Compliance with Section 16(a) of the Exchange Act





Based solely upon a
review of forms 3, 4, and 5 and amendments thereto, furnished to the Company
during or respecting its last fiscal year, no director, officer, beneficial
owner of more than 10% of any class of equity securities of the Company or any
other person known to be subject to Section 16 of the Exchange Act of 1934, as
amended, failed to file on a timely basis reports required by Section 16(a) of
the Exchange Act for the last fiscal year.

















ITEM 10.    EXECUTIVE COMPENSATION















None of the executive officer's salary and bonus exceeded $100,000 during any of the
Company's last two fiscal years.











ITEM 11.      SECURITY OWNERSHIP OF BENEFICIAL OWNERS AND MANAGEMENT















Principal Shareholders





The table below sets forth information as to each person owning of record or who was
known by the Company to own beneficially more than 5% of the 2,050,000 shares of issued and
outstanding Common Stock of the Company as of April 20, 2002 and information as to the
ownership of the Company's Stock by each of its directors and executive officers and by the
directors and executive officers as a group.  Except as otherwise indicated, all shares are owned
directly, and the persons named in the table have sole voting and investment power with respect
to shares shown as beneficially owned by them.





|Name and Address                 |              |            |         | 
|-------------------------------- | ------------ | ---------- | ------- | 
|of Beneficial Owners /           | Nature of    | Shares     |         | 
|Directors                        | Ownership    | Owned      | Percent | 
|                                 |              |            |         | 
|Canglobe Development,
Inc.       | common stock | 1,250,000* | 53.2%   | 
|10458 Mayfield Road,
Suite 206   |              |            |         | 
|Edmonton, Alberta                |              |            |         | 
|Canada T5P 4P4                   |              |            |         | 
|                                 |              |            |         | 
|                                 |              |            |         | 
|Charles Spooner                  | common stock | 60,250     | 2.60%   | 
|Suite #700-509 Richards St.,     |              |            |         | 
|Vancouver, B.C., Canada, V6B 2Z6 |              |            |         | 
|                                 |              | -          | -       | 
|All Executive Officers           |              |            |         | 
|and Directors as a Group         |              |            |         | 
|                                 | common stock | 1,310,250  | 55.8%   | 
|                                 |              |            |         | 

















ITEM 12.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS















On
June 10, 2002, the majority shareholders of Sinoray Technology entered into an
agreement with Canglobe Development, Inc. to acquire their shares of the
Company. This transaction closed on or before October 22, 2002. In exchange for
the shares Canglobe Development, Inc. will pay to the Sinoray a total of
$300,000 plus the costs associated with the transaction.







Mr. Heinz Lueders is a controlling shareholder
of Canglobe Development and Charles Spooner is a shareholder and director of
Public Idea Capital Ltd.  As a result of the transfer Canglobe Development now owns a controlling interest in the Company.
Under Rule 405 promulgated under the Securities Act of 1933, Mr. Lueders and Mr. Spooner may
be deemed to be a promoter of the Company.  No other persons are known to Management that
would be deemed to be promoters.



















ITEM 13.    EXHIBITS, AND REPORTS ON FORM 8-K

















(a)    The following documents are filed as part of this report.







1.    Financial Statements



CANGLOBE INTERNATIONAL, INC







(Formerly Red Butte Energy, Inc.







(A Development Stage Company)





























INDEPENDENT ACCOUNTANTS' REPORT





















DECEMBER 31, 2002 AND 2001





CONTENTS















Page















Independent Auditor's Report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F
- 1













Balance Sheets









December 31, 2002 and 2001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  F
- 2













Statements of Operations for the









Years Ended December 31, 2002 and 2001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F
- 3













Statement of Stockholders' Equity









Since April 7, 1997 (inception) to December 31, 2002. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  F
- 4













Statements of Cash Flows for the









Years Ended December 31, 2002 and 2001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F
- 5













Notes to Financial Statements. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F
- 6















INDEPENDENT AUDITOR'S REPORT

























Canglobe International, Inc.









(Formerly Red Butte Energy, Inc.)









(A Development Stage Company)















We have audited the accompanying balance sheet of Canglobe International, Inc. (formerly Red
Butte Energy  Inc.) (a development stage company) as of December 31, 2002 and 2001 and the related
statements of operations and cash flows for the two years then ended and the statement of stockholders'
equity from April 7, 1997 (inception) to December 31, 2002.  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 audit.













We conducted our audit in accordance with auditing standards generally accepted in the United
States of America.  Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement.  An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
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 Canglobe International, Inc. (formerly Red Butte Energy  Inc.) (a development
stage company) as of December 31, 2002 and 2001 and the results of its operations and its cash flows
for the year then ended in conformity with accounting principles generally accepted in the United States
of America.









The accompanying financial statements have been prepared assuming that the Company will
continue as a going concern.  As discussed in Note 1 to the financial statements, the Company has
suffered recurring losses from operation and has a deficit in stockholders' equity as of December 31,
2002 that together raise substantial doubt about its ability to continue as a going concern.  Management's
plans in regard to these matters also are described in Note 1.  The financial statements do not include
any adjustments relating to the recoverability and classification of asset carrying amounts or the amount
and classification of liabilities that might result from the outcome of this uncertainty.

















Respectfully submitted







































/s/
Robison, Hill & Co.















Certified Public Accountants













Salt Lake City, Utah









April 14, 2003















CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













BALANCE SHEETS















December 31,2002

2001Assets:Cash and cash equivalents

$                        
-

$               2,086Total Current Assets

-

2,086Property and Equipment:Computer equipment

4,664

4,664Furniture and equipment

417

4175,081

5,081Less accumulated depreciation

(4,905)

(3,265)Net Property and Equipment

176

1,816Total Assets

$                     176

$               3,902Liabilities and Shareholders' EquityLiabilities:Accounts payable and accrued liabilities

$                10,491

$             17,399Total current liabilities

10,491

17,399Due to shareholders

249,418

244,036Total liabilities

259,909

261,435Stockholders' Equity:Common Stock, Par value $.001, Authorized100,000,000 shares, Issued 2,350,007 and2,050,000 at December 31, 2002 and 2001

2,350

2,050Paid-In Capital

244,121

18,162Retained Deficit

(273,432)

(273,432)Deficit Accumulated During theDevelopment Stage

(232,772)

(4,313)Total Stockholders' Equity

(259,733)

(257,533)Total Liabilities and Stockholders' Equity

$                  176

$          3,902








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













CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













STATEMENTS OF OPERATIONS





















CumulativeSinceDecember 1,2001For the Year Ended

Inception ofDecember 31,

Development2002

2001

StageRevenues

$                 
-

$                
-

$                 
-Expenses:General and administrative

228,459

4,313

232,772Total expenses

228,459

4,313

232,772Discontinued Operations:Income (Loss) from operationsof discontinued operations

-

(16,120)

-Net Loss

$    (228,459)

$     (20,433)

$    (232,772)Earnings per Share, Basic & DilutedLoss from continuing operations

$          (0.10)

$                
-Loss from discontinued operations

-

(0.01)Loss Per Share

$          (0.10)

$         (0.01)Weighted Average Shares Outstanding

2,206,004

2,050,000








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













CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













STATEMENT OF STOCKHOLDERS' EQUITY













SINCE APRIL 7, 1997 (INCEPTION) TO DECEMBER 31, 2002









DeficitAccumulatedSince April 7,Common Stock

Paid-In

Retained

1997Shares

Par Value

Capital

Deficit

InceptionBalance at April 7, 1997
(inception)

-

$          
-

$          
-

$             
-

$               
-April 18, 1997 Issuance of  Stockfor payment of accounts payable

675,000

675

8,537

-

-Net Loss

-

-

-

(1,100)

-Balance at December 31, 1997

675,000

675

8,537

(1,100)

-Net Loss

-

-

-

(100)

-Balance at December 31, 1998

675,000

675

8,537

(1,200)

-Net Loss

-

-

-

(4,086)

-Balance at December 31, 1999

675,000

675

8,537

(5,286)

-March 31, 2000 Issuance of Stockfor payment of accounts payable

1,375,000

1,375

9,625

-

-Net Loss

-

-

-

(252,026)Balance at December 31, 2000

2,050,000

2,050

18,162

(257,312)

-Net Loss

-

-

-

(16,120)

(4,313)Balance at December 31, 2001

2,050,000

2,050

18,162

(273,432)

(4,313)June 24, 2002, Shares Issued forServices

300,007

300

225,959

-

-Net Loss

-

-

-

-

(228,459)Balance at December 31, 2002

2,350,007

$   2,350

$244,121

$(273,432)

$  (232,772)






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













CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













STATEMENTS OF CASH FLOWS









CumulativeSinceDecember 1,2001For the Years Ended

Inception ofDecember 31,

Development2001

StageCASH FLOWS FROM OPERATINGACTIVITIES:Net Loss for the period

$(228,459)

$(20,433)

$    (232,772)Adjustments to reconcile net loss to net cashprovided by operating activities:Depreciation and amortization

1,640

5,032

2,912Common Stock Issued for Services

226,259

-

226,259Changes in Operating Assets and Liabilities(Increase) decrease in accounts receivable

-

4,913

-(Increase) decrease in prepaid expenses

-

1,155

-Increase (Decrease) in Accounts Payable

(6,908)

473

(6,908)Net Cash Used in operating activities

(7,468)

(8,860)

(10,509)CASH FLOWS FROM INVESTINGACTIVITIES:Purchase of property and equipment

-

-

-Net cash provided by investing activities

-

-

-CASH FLOWS FROM FINANCINGACTIVITIES:Increase (decrease) in amounts due shareholders

5,382

11,001

9,768Payment of short term notes payable

-

(55)

-Issuance of Stock for accounts payable

-

-

-Net Cash Provided by Financing Activities

5,382

10,946

9,768Net (Decrease) Increase inCash and Cash Equivalents

(2,086)

2,086

(741)Cash and Cash Equivalentsat Beginning of Period

2,086

-

741Cash and Cash Equivalentsat End of Period

$             
-

$     2,086

$                 
-SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the year for:Interest

$             
-

$           
-

$                 
-Franchise and income taxes

$             
-

$           
-

$                 
-SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES:
None






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













CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













NOTES TO FINANCIAL STATEMENTS













THE YEARS ENDED DECEMBER 31, 2002 AND 2001















NOTE 1
- NATURE OF OPERATIONS AND GOING CONCERN









The accompanying  financial statements have been prepared on the basis of accounting principles
applicable to a "going concern", which assume that the Company will continue in operation for at least one
year and will be able to realize its assets and discharge its liabilities in the normal course of operations.















Several conditions and events cast doubt about the Company's ability to continue as a
"going
concern".  The Company has incurred net losses of approximately $506,000 for the period from April 7,
1997 (inception) to December 31, 2002, has a liquidity problem, and requires additional financing in order
to finance its business activities on an ongoing basis.  The Company is actively pursuing alternative
financing and has had discussions with various third parties, although no firm commitments have been
obtained.













The Company's ability to survive  will depend on numerous factors including, but not limited to,
the Company's  receiving continued financial support, completing public equity financing, or generating
profitable operations in the future.











These financial statements do not reflect adjustments that would be necessary if the Company were
unable to continue as a "going concern".  While management believes that the actions already taken or
planned, will mitigate the adverse conditions and events which raise doubt about the validity of the
"going
concern" assumption used in preparing these financial statements, there can be no assurance that these
actions will be successful.









If the Company were unable to continue as a
"going concern", then substantial adjustments would
be necessary to the carrying values of assets, the reported amounts of its liabilities, the reported revenues
and expenses, and the balance sheet classifications used.















NOTE 2
- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



















This summary of accounting policies for Canglobe International, Inc. (formerly Red Butte Energy,
Inc.) is presented to assist in understanding the Company's financial statements.  The accounting policies
conform to generally accepted accounting principles and have been consistently applied in the preparation
of the financial statements.















Organization and Basis of Presentation















The Company was incorporated under the laws of the State of Nevada on April 7, 1997.  The
Company ceased all operating activities during the period from April 7, 1997 to July 9, 1999 and was
considered dormant. On July 9, 1999, the Company obtained a Certificate of renewal from the State of















CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













NOTES TO FINANCIAL STATEMENTS













THE YEARS ENDED DECEMBER 31, 2002 AND 2001













(Continued)















NOTE 2
- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)















Organization and Basis of Presentation (continued)













Nevada.  During 2000 the Company developed an Internet website which provided community, content and
commerce for the sportbike and motorcycle enthusiast.  During November 2001 the Company abandoned
the internet business and since December 2001, the Company is in the development stage, and has not
commenced planned principal operations.  On March 19, 2002 the Company's name was changed from eSportbike.com, Inc. to Red Butte Energy, Inc. to reflect the new focus of the Company.  On January  16,
2003, the Company changed its name to Canglobe International, Inc.













Nature of Business























The company has no products or services as of December 31, 2002.  The Company was organized
as a vehicle to seek merger or acquisition candidates.  The Company intends to acquire interests in various
business opportunities, which in the opinion of management will provide a profit to the Company















Cash and Cash Equivalents





















For purposes of the statement of cash flows, the Company considers all highly liquid debt
instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds
are not being held for investment purposes.















Pervasiveness of Estimates













The preparation of financial statements in conformity with generally accepted accounting principles
required 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.















Revenue Recognition













Revenue is recognized as services are performed







































CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













NOTES TO FINANCIAL STATEMENTS













THE YEARS ENDED DECEMBER 31, 2002 AND 2001













(Continued)















NOTE 2
- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)















Loss per Share















Basic loss per share has been computed by dividing the loss for the year applicable to the common
stockholders by the weighted average number of common shares outstanding during the years.  There were
no common equivalent shares outstanding at December 31, 2002 and 2001.



























Foreign Currency Translation









The functional currency of the Company is Canadian dollars.  Balance sheet accounts are translated
to U.S. dollars at the current exchange rate as of the balance sheet date.  Income statement items are
translated at average exchange rates during the period.  The resulting translation adjustment is recorded as
a separate component of stockholders' equity.















Reclassifications









Certain reclassifications have been made in the 2001 financial statements to conform with the 2002
presentation.















Advertising Expense









Advertising costs are expensed when the services are provided..















Income Taxes



The Company has a net operating loss for income taxes. Due to the regulatory limitations in
utilizing the loss, it is uncertain whether the Company will be able to realize a benefit from these losses.
Therefore, a deferred tax asset has not been recorded.  There are no significant tax differences requiring
deferral.















Concentrations of Credit Risk









The Company has no significant off-balance-sheet concentrations of credit risk such as foreign
exchange contracts, options contracts or other foreign hedging arrangements.















CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













NOTES TO FINANCIAL STATEMENTS













THE YEARS ENDED DECEMBER 31, 2002 AND 2001













(Continued)















NOTE 2
- ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)

















Depreciation















Fixed assets are stated at cost.  Depreciation and amortization is calculated on a straight-line  basis
over the estimated  useful lives of the assets as follows:









Asset

RateComputer equipment

3 yearsFurniture and equipment

5 years










Maintenance and repairs are charged to operations; betterments are capitalized.  The cost of property
sold or otherwise disposed of and the accumulated depreciation thereon are eliminated from the property
and related accumulated depreciation accounts, and any resulting gain or loss is credited or charged to
income.















NOTE 3
- COMMITMENTS















As of December 31, 2002 all activities of the Company have been conducted by corporate officers
from either their homes or business offices.  Currently, there are no outstanding debts owed by the company
for the use of these facilities and there are no commitments for future use of the facilities.

















NOTE 4
- STOCK SPLIT















On May 6, 1999 the Board of Directors authorized 1,000 to 1 stock split, changed the authorized
number of shares to 100,000,000 shares and the par value to $.001 for the Company's common stock.  As
a result of the split, 999,000 shares were issued.















On February 23, 2000 the Board of Directors authorized the  acceptance of 800,000 shares of
restricted common stock returned to the Company by and on behalf of Mr. Daniel L. Hodges, formerly the
sole Officer and Director of the Company.  The 800,000 shares were canceled immediately upon receipt.
Also on February 23, 2000 the Board of Directors authorized a 27 to 1 stock split.  As a result of this split
the Company issued 5,200,000 shares of common stock.

















CANGLOBE INTERNATIONAL, INC













(formerly Red Butte Energy, Inc)













(A Development Stage Company)













NOTES TO FINANCIAL STATEMENTS













THE YEARS ENDED DECEMBER 31, 2002 AND 2001













(Continued)

















NOTE 4
- STOCK SPLIT

(Continued)















On March 19, 2002 the Board of Directors approved a 1 for 8 reverse stock split.  All references
in the accompanying financial statements to the number of common shares and per-share amounts have
been restated to reflect the stock split and cancellation of shares.















NOTE 5
- COMMON STOCK TRANSACTIONS











On June 24, 2002, the Company issued 300,000 shares of common stock for $198,000 in consulting
services to be performed over a six month period.

---









2.   
Financial Statement Schedules



The following
financial statement schedules required by Regulation S-X are included herein:



All schedules are omitted because they are not applicable or the required
information is shown in the financial

statements or
notes thereto.



3.   
Exhibits



The following
exhibits are included as part of this report:



Exhibit
Number                                
Title of Document

2.1                              
Change in Control Agreement dated January 15, 2001 (1)

3.1                              
Articles of Incorporation (2)

3.2                              
Amended Articles of Incorporation (2)

3.3                              
Amended Articles of Incorporation (Changing name to Canglobe International,
Inc.)

3.4                              
Bylaws (2)



(1)   
Incorporated by reference to the Company's quarterly report on Form 10-QSB filed
on May 21, 2001.



(2)   
Incorporated by reference to the Company's quarterly report on Form 10-SB filed
on October 20, 1999.

















SIGNATURES

















Pursuant to the requirements of section 13 or 15(d) of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed on it behalf by the
undersigned, thereunto duly authorized.





Canglobe International, Inc.





Dated: April 29, 2003



By: /s/ Veronica
Norris







Veronica Norris



Director



By: /s/ Charles
Spooner

Charles Spooner

Director,
Treasurer, Secretary



By: /s/ Willi
Neumann

Willi Neumann

Director



By: /s/ Harry
McKinders

Harry McKinders

Director



By: /s/ Heinz
Leuders

Heinz Leuders

President and
Director









Pursuant to the
requirements of the Securities Exchange Act of 1934, as amended, this report has
been signed below by the following persons on behalf of the Registrant and in
the capacities indicated on this 29th day of April 2003.





By: /s/ Veronica
Norris







Veronica Norris



President and Director



By: /s/ Charles
Spooner

Charles Spooner

Director,
Treasurer, Secretary



By: /s/ Willi
Neumann

Willi Neumann

Director



By: /s/ Harry
McKinders

Harry McKinders

Director



By: /s/ Heinz
Leuders

Heinz Leuders

President and
Director







---

Exhibit 99.1



|Pursuant to the
    requirements of Rule 13a-14 of the Securities Exchange Act of 1934, as
    amended, Veronica Norris provides the following certification.
         I, Veronica Norris, Director of Canglobe
    International, Inc. ("Company"), certify that:
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.                                                                                                                                                                                                                                                                
|2.                                                                                                                                                                                                                                                                
|3.                                                                                                                                                                                                                                                                
|4.                                                                                                                                                                                                                                                                
|5.                                                                                                                                                                                                                                                                

|a.     | All significant
    deficiencies in the design or operation of internal controls which could
    adversely affect the Company's ability to record, process, summarize and
    report financial data and have identified for the Company's auditors any
    material weaknesses in internal controls, and                                                     
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      
|b.     | Any fraud, whether or
    not material, that involves management or other employees who have a
    significant role in the Company's internal controls; and                                                                                                                                                                                                  
|      
|**6.** | I
    have indicated in this quarterly report whether or not there were
    significant changes in internal controls or in other factors that could
    significantly affect internal controls subsequent to the date of my most
    recent evaluation, including any corrective actions with regard to
    significant deficiencies and material weaknesses.
|       |                                                                                                                                                                                                                                                                                                                                                              

|Date: April  29,
    2003 | /s/ Veronica Norris                    
|------------------------- | ---------------------------------------
|                          | Veronica Norris, President and Director

| | 
| | 

---





Exhibit 99.1



|Pursuant to the
    requirements of Rule 13a-14 of the Securities Exchange Act of 1934, as
    amended, Charles Spooner provides the following certification.
         I, Charles Spooner, Secretary, Treasurer and
    Director of Canglobe International, Inc. ("Company"), certify that:
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.                                                                                                                                                                                                                                                                                         
|2.                                                                                                                                                                                                                                                                                         
|3.                                                                                                                                                                                                                                                                                         
|4.                                                                                                                                                                                                                                                                                         
|5.                                                                                                                                                                                                                                                                                         

|a.     | All significant
    deficiencies in the design or operation of internal controls which could
    adversely affect the Company's ability to record, process, summarize and
    report financial data and have identified for the Company's auditors any
    material weaknesses in internal controls, and                                                     
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      
|b.     | Any fraud, whether or
    not material, that involves management or other employees who have a
    significant role in the Company's internal controls; and                                                                                                                                                                                                  
|      
|**6.** | I
    have indicated in this quarterly report whether or not there were
    significant changes in internal controls or in other factors that could
    significantly affect internal controls subsequent to the date of my most
    recent evaluation, including any corrective actions with regard to
    significant deficiencies and material weaknesses.
|       |                                                                                                                                                                                                                                                                                                                                                              

|Date: April  29,
    2003 | /s/ Charles Spooner                              
|------------------------- | -------------------------------------------------
|                          | Charles Spooner, Secretary/Treasurer and Director

| | 
| | 





---

Exhibit 99.1



|Pursuant to the
    requirements of Rule 13a-14 of the Securities Exchange Act of 1934, as
    amended, Willi Neumann provides the following certification.
         I, Willi Neumann, a Director of Canglobe
    International, Inc. ("Company"), certify that:
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.                                                                                                                                                                                                                                                              
|2.                                                                                                                                                                                                                                                              
|3.                                                                                                                                                                                                                                                              
|4.                                                                                                                                                                                                                                                              
|5.                                                                                                                                                                                                                                                              

|a.     | All significant
    deficiencies in the design or operation of internal controls which could
    adversely affect the Company's ability to record, process, summarize and
    report financial data and have identified for the Company's auditors any
    material weaknesses in internal controls, and                                                     
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      
|b.     | Any fraud, whether or
    not material, that involves management or other employees who have a
    significant role in the Company's internal controls; and                                                                                                                                                                                                  
|      
|**6.** | I
    have indicated in this quarterly report whether or not there were
    significant changes in internal controls or in other factors that could
    significantly affect internal controls subsequent to the date of my most
    recent evaluation, including any corrective actions with regard to
    significant deficiencies and material weaknesses.
|       |                                                                                                                                                                                                                                                                                                                                                              

|Date: April  29,
    2003 | /s/ Willi Neumann      
|------------------------- | -----------------------
|                          | Willi Neumann, Director

| | 
| | 





---

Exhibit 99.1



|Pursuant to the
    requirements of Rule 13a-14 of the Securities Exchange Act of 1934, as
    amended, Harry McKinders provides the following certification.
         I, Harry KcKinders, a Director of Canglobe
    International, Inc. ("Company"), certify that:
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.                                                                                                                                                                                                                                                                  
|2.                                                                                                                                                                                                                                                                  
|3.                                                                                                                                                                                                                                                                  
|4.                                                                                                                                                                                                                                                                  
|5.                                                                                                                                                                                                                                                                  

|a.     | All significant
    deficiencies in the design or operation of internal controls which could
    adversely affect the Company's ability to record, process, summarize and
    report financial data and have identified for the Company's auditors any
    material weaknesses in internal controls, and                                                     
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      
|b.     | Any fraud, whether or
    not material, that involves management or other employees who have a
    significant role in the Company's internal controls; and                                                                                                                                                                                                  
|      
|**6.** | I
    have indicated in this quarterly report whether or not there were
    significant changes in internal controls or in other factors that could
    significantly affect internal controls subsequent to the date of my most
    recent evaluation, including any corrective actions with regard to
    significant deficiencies and material weaknesses.
|       |                                                                                                                                                                                                                                                                                                                                                              

|Date: April  29,
    2003 | /s/ Harry McKinders      
|------------------------- | -------------------------
|                          | Harry McKinders, Director

---





Exhibit 99.1



|Pursuant to the
    requirements of Rule 13a-14 of the Securities Exchange Act of 1934, as
    amended, Heinz Leuders provides the following certification.
         I, Heinz Leuders, President and Director of
    Canglobe International, Inc. ("Company"), certify that:
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.                                                                                                                                                                                                                                                                          
|2.                                                                                                                                                                                                                                                                          
|3.                                                                                                                                                                                                                                                                          
|4.                                                                                                                                                                                                                                                                          
|5.                                                                                                                                                                                                                                                                          

|a.     | All significant
    deficiencies in the design or operation of internal controls which could
    adversely affect the Company's ability to record, process, summarize and
    report financial data and have identified for the Company's auditors any
    material weaknesses in internal controls, and                                                     
|------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      
|b.     | Any fraud, whether or
    not material, that involves management or other employees who have a
    significant role in the Company's internal controls; and                                                                                                                                                                                                  
|      
|**6.** | I
    have indicated in this quarterly report whether or not there were
    significant changes in internal controls or in other factors that could
    significantly affect internal controls subsequent to the date of my most
    recent evaluation, including any corrective actions with regard to
    significant deficiencies and material weaknesses.
|       |                                                                                                                                                                                                                                                                                                                                                              

|Date: April 29,
    2003 | /s/ Heinz Leuders                    
|------------------------ | -------------------------------------
|                         | Heinz Leuders, President and Director

| | 
| | 

---



| | 
| |