SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A

 (Mark One)

         [X]      ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934
                  For the fiscal year ended June 30, 2001

         [ ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                  SECURITIES EXCHANGE ACT OF 1934
                  For the transition period from _________ to ___________.

Commission File Number:   000-26611

                           GLENGARRY HOLDINGS LIMITED
                           --------------------------
             (Exact Name of Registrant as Specified in its Charter)

           Bermuda                                               N/A
-------------------------------                           -----------------
(State or other jurisdiction of                           (I.R.S.  Employer
incorporation or organization)                            Identification No.)


           P.O. Box HM1154, 10 Queen Street, Hamilton, HM EX, Bermuda
           ----------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (441) 295-3511
                                 --------------
                          Registrants telephone number

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

                          Common Stock, $.05 par value
                          ----------------------------
                                (Title of class)

Indicate by check mark if disclosure of delinquent filers pursuant 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 by
reference in Part III of this Form 10-KSB or any amendment to the
Form 10-KSB.[X]

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes [X]  No [ ]

State registrant's revenues for its most current fiscal year  $36,720

As of October 9, 2001, the aggregate value of the registrant's voting stock held
by non-affiliates was $25,292,298 (computed by multiplying the average bid and
asked price on October 9, 2001 by the number of shares of common stock held by
persons other than officers, directors or by record holders of 10% or more of
the registrant's outstanding common stock. This characterization of officers,
directors and 10% or more beneficial owners as affiliates is for purposes of
computation only and is not an admission for any purposes that such person are
affiliates of the registrant).

At October 9, 2001, 40,793,900 shares of Common Stock were outstanding, which is
the registrant's only class of common stock.

<PAGE>

                                    PART III

Item 10. Directors and Executive Officers of the Registrant.

         The directors and executive officers of the Company as of October 31,
2001 are as follows:

         Name                     Age      Position
         ----                     ---      --------

         David Caney              47      President and Director
         William Bolland          50      Vice President and Director
         Glyn Williams            44      Managing Director of Online
                                          Advisory Limited
         Jacqueline Antin         54      Chief Financial Officer and Director
         Roderick M. Forrest      35      Director (Chairman of the Board)
         Robert J. Mason          38      Director

David B. Caney was appointed as a director, President and Chief Executive
Officer on November 2, 2000 of Endless Youth Products, Inc., the Company's
predecessor ("Endless Youth") by Mr. Shah, who was then the sole director. He
continued in these positions through the Company's Bermuda redomestication
merger (the "Redomestication"). Mr. Caney's experience includes a long history
of management of international trade and shipping companies including Humatech
Ltd. for which he has served as a major director since 1998. Humatech Ltd. is
the European distributor for Humatech, Inc., a U.S. based distributor of organic
based feed and agricultural products. From 1992 to 1997, he served as a managing
director for Crusader Navigation Ltd. (Tunbridge Wells), a British, American and
Italian owned operator and manager of commercial ships ranging from 35,000 to
150,000 tons operating in the United Kingdom, the United States, Western Europe,
Australia, Asia, the Middle East and South Africa. In such a capacity, he was
estimating and budgeting, contract negotiation, customer relations, marketing,
development strategy, chartering, administration and day-to-day management. The
company carried an average of about 4 million tons of cargo per annum (the
lowest being 1997 at 1.3 million and highest being just over 8 million in
1993/4) mostly under long-term contract, on vessels under long term charter. At
the peak in 1993/4/5 the company had between 16 and 20 ships in their fleet. Mr.
Caney left the partnership in 1997. Prior to joining Crusader Navigation Ltd. in
1992, Mr. Caney co-founded and organized NS Lemos & Co. (London) in 1983, a ship
owner at which he was responsible for the company's entry into the market, the
purchase and sale of ships and all aspects of ship chartering and fleet
marketing, cost estimation and future business development. Concurrent from 1989
to 1992 he also served as director of The Baltic Exchange (London), an
international shipping exchange and future market where he served as a member of
the finance committee.

William Bolland was appointed Vice President and Director of the Company
concurrently with the Company's Redomestication and the appointment of Fairway
Management (Bermuda) Ltd. as the Company's Bermudian managers. He has served as
Chief Executive Officer for Fairway Management (Bermuda) Ltd., since June 1993.
Fairway Management provides professional management to a broad range of
international and Bermudian clients including Glengarry Holdings. Mr. Bolland,
who holds a professional qualification from Chartered Institute of Public

                                       2
<PAGE>

Finance and Accounting since 1976, has held various positions at Fairway in
Bermuda and the United Kingdom including Managing Director and Director of
Financing during the past 18 years.

Glyn Williams was appointed Managing Director of Online Advisory Limited on June
18, 2001. Mr. Williams served with NatWest Bank PLC from 1973- 2001, most
recently as a Senior Premium Client Manager. In a long career with the Bank,
Glyn Williams activities have been centered around delivery of quality &
quantative solutions in portfolio management and sales initiatives.

Jacqueline Antin was appointed as a director, Chief Financial Officer and
Secretary of Endless Youth on November 2, 2000 by Mr. Shah who was then the sole
director. She continued in these positions through the Company's
Redomestication. Mrs. Antin also serves the Company as an officer and director
of one or more subsidiaries. Mrs. Antin served as a bank officer for NatWest
Bank PLC from 1977 to 2000, her most recent title being Senior Manager. At
NatWest Bank PLC Mrs. Antin operated in various capacities including lending,
securities settlement, investment, mortgages and account management. She offers
the company extensive financial and banking experience secured during a career
of more than 30 years.

Roderick Forrest was appointed Chairman of the Board of the Company concurrently
with the Company's Redomestication. He is a corporate attorney practicing in
Bermuda with Wakefield Quin (formerly M.L.H. Quin & Co.), the Company's Bermuda
counsel, where he is a Senior Associate. Mr. Forrest qualified as a solicitor in
Scotland in 1990 with Gray Muirhead WS in Edinburgh. In 1990 he joined the Legal
Services Division of the Bank of Scotland mainly working in the Recoveries
Section supervising the Bank's interests in corporate insolvencies and advising
on refinancing and capital restructuring. In 1996 he joined M.L.H. Quin & Co.,
practicing company and commercial law, on matters including mutual funds,
limited partnerships, banking, finance and trusts. Mr. Forrest currently holds
directorships with a number of international companies. He is a member of the
Law Society of Scotland and the Bermuda Bar Association.

Robert J. Mason was appointed a Director of the Company concurrently with the
Company's Redomestication and the appointment of Fairway Management (Bermuda)
Ltd. as the Company's Bermudian manager. He has served as Executive Officer,
Accounting and Information Systems for Fairway Management (Bermuda) Ltd. since
1994 and has been associated with Fairway in various accounting and
administrative positions since 1988. Mr. Mason is a Certified Management
Accountant and is the current President of the Society of Management Accountants
- Bermuda.

Section 16(a) Beneficial Ownership Compliance

Section 16(a) of the Securities Exchange Act of 1934 requires our directors and
executive officers, and person who own more than 10% of our common stock, to
file with the SEC initial reports of beneficial ownership and reports of changes
in beneficial ownership of our common stock. Such persons are also required by
SEC regulation to furnish us with copies of all Section 16(a) reports they file.
To our knowledge, based solely on a review of the companies of such reports
furnished to us and representations that no other reports were required, we
believe that all person subject to the reporting requirements of Section 16(a)
filed the required reports on a timely basis during the year ended June 30,
2001.

                                       3
<PAGE>

Item 11. Executive Compensation.

Summary Compensation Table

         The following table sets forth all compensation paid or distributed
during the fiscal years ended June 30, 1999, 2000 and 2001 for services rendered
by each person serving the Chief Executive Officer of the Company during the
fiscal year ended June 30, 2001:
<TABLE>
<CAPTION>
                                           ANNUAL COMPENSATION
NAME AND PRINCIPAL                                               AWARDS OF COMMON       ALL OTHER
POSITION                          YEAR   SALARY (1)  BONUSES      STOCK OPTIONS       COMPENSATION
                                  ----   ----------  -------    ------------------    ------------
<S>                               <C>     <C>           <C>             <C>             <C>
David Caney,
Current President and
CEO (2)                           2001    $23,988      -0-             -0-              $    -0-

Edward Shah,
Former Chairman and Chief         2000    $   -0-      -0-             -0-              $    -0-
Executive Officer (3)             2001    $70,218      -0-             -0-              $    -0-
---------
</TABLE>
(1)      Includes consulting payments in lieu of salary.
(2)      Assumed office November 2, 2000.
(4)      Assumed office June 1, 2000 and resigned as CEO November 2, 2000.

         No other annual compensation, stock appreciation rights, long-term
restricted stock awards, or long-term incentive plan payouts were awarded to,
earned by or paid to the named executive officers during any of the Company's
last three fiscal years. There are no other persons serving the Company as
executive officers whose compensation exceeded $100,000 for services rendered to
the Company in all such capacities during the year ended June 30, 2001.

Board Report on Executive Compensation

         The Board of Directors did not, during the year ended June 30, 2001,
have a compensation or similar committee. Accordingly, the full Board of
Directors is responsible for determining and implementing the compensation
policies of the Company. The Company's principal activities during fiscal year
2001 related to the identification and structuring of strategic acquisitions
and, accordingly, compensation was paid to executives based upon time and effort
devoted to specific administrative tasks.

         The Board's executive compensation policies going forward will be
designed to offer competitive compensation opportunities for all executives
which are based on personal performances, individual initiative and achievement,
as well as assisting the Company in attracting and retaining qualified
executives. The Board also endorses the position that stock ownership by
management and stock-based compensation arrangements are beneficial in aligning
management's and stockholders' interests in the enhancement of stockholder
value.

         Compensation which will be paid to the Company's executive officers
will generally consist of the following elements: base salary, annual bonus and
long-term compensation in the form of stock options and any pension or long term
compensation plans which the Company adopts in the future. Compensation levels

                                       4
<PAGE>

for executive officers of the Company will be determined by a consideration of
each officer's initiative and contribution to overall corporate performance and
the officer's managerial abilities and performance in any special projects that
the officer may have undertaken. Competitive base salaries that reflect the
individual's level of responsibility are important elements of the Company's
executive compensation philosophy. Subjective considerations of individual
performance will be considered in establishing annual bonuses and other
incentive compensation. In addition, the Board will consider the Company's
financial position and cash flow in making compensation decisions.

         The Company may in the future have certain broad-based employee benefit
plans in which all employees, including the named executives, are permitted to
participate on the same terms and conditions relating to eligibility and subject
to the same limitations on amounts that may be contributed.

1996 Stock Option Plan

         In July 1996 the Company adopted the 1996 Stock Option Plan to provide
for the grant of incentive and non-qualified stock options to selected
employees, officers and directors. The Plan was amended as of June 2, 1999 to
increase the number of shares available thereunder. The Plan currently allows
for the issuance of options to purchase up to 125,000 shares of common stock.
The vesting schedule of the Plan allows for the exercise of a portion of the
options granted beginning after one year with full exercisability of all options
granted not more then ten years after the date of grant. As of June 30, 2001,
options to purchase 6,000 shares of common stock were outstanding at exercise
prices ranging from $6.25 to $25.00 per share. As of June 30, 2001, 95,000
shares of common stock were available for future grants under the Plan.

Option Grants and Exercises

        During the year ended June 30, 2001, there were no options granted or
exercised under the 1996 Stock Option Plan.

Director Compensation

         Directors are not paid any cash compensation for serving on the board.
Directors who are not officers or employees of the Company are eligible to
receive grants of non-qualified options under the Company's 1996 Stock Option
Plan. No such grants were made during the fiscal year ended June 30, 2001.

Item 12. Security Ownership of Certain Beneficial Owners and Management.

         The following information with respect to the outstanding shares of the
Company's common stock beneficially owned by (i) each director of the Company,
(ii) the chief executive officer, (iii) all beneficial owners of more than five
percent of common stock known to the Company and (iv) the directors and
executive officers as a group, is furnished as of October 31, 2001, except as
otherwise indicated.

                                       5
<PAGE>

NAME  OF                         AMOUNT AND NATURE OF
BENEFICIAL OWNER               BENEFICIAL OWNERSHIP (1)     PERCENT OF CLASS (1)
----------------               ------------------------     --------------------
David Caney                            -0-                          0%
William Boland                         -0-                          0%
Jacqueline Antin                       -0-                          0%
Roderick M. Forrest                    -0-                          0%
Robert J. Mason                        -0-                          0%

All Officers and Directors as
a Group (six persons)                  -0-                          0%
------------

(1)      Unless otherwise indicated below, each director, executive officer and
         five percent shareholder has sole voting and investment power with
         respect to all shares beneficially owned.

Item 13. Certain Relationships and Related Transactions.

         There were no transactions or relationships between the company and any
director or executive officer or members of their respective immediate families
involving more than $60,000 during the year ended June 30, 2001.

                                       6
<PAGE>
                                     PART IV

ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K.

         (a)      Exhibits

EXHIBIT NO.                DESCRIPTION

2.1               Agreement and Plan of Merger dated as of December 6, 2000 by
                  and among Endless Youth Products, Inc, a Nevada corporation,
                  Endless Youth Products, Ltd., a Bermuda company, and EYPI
                  Merger Corp., a Nevada corporation (included as annex A to the
                  proxy statement/prospectus). (1)

2.2               Securities Exchange Agreement dated June 29, 2001 between
                  Glengarry Holdings Limited and the shareholders of Online
                  Advisory Limited represented by Rosewood Company Limited
                  (Equity Services). (3)

2.3               Stock Sale Agreement dated as of June 29, 2001 between
                  Glengarry Holdings Limited and Emmerson Development Trust. (3)

3.1               Memorandum of Association of Glengarry Holdings Limited
                  (formerly Endless Youth Products, Ltd.), a Bermuda company
                  (included as annex B to the proxy statement/prospectus). (1)

3.2               Bye-Laws of Glengarry Holdings Limited (Endless Youth
                  Products, Ltd.), a Bermuda company (included as annex C to the
                  proxy statement/prospectus). (1)

3.3               Deed consolidating common shares dated February 6, 2001. (2)

10.1              Registration Rights Agreement dated June 29, 2001. (3)

10.2              Escrow Agreement dated June 29, 2001. (3)

10.3              1996 Stock Option Plan. (4)

10.4              Amendment No. 1 to Stock Option Plan. (4)

10.5              Amendment No. 2 to Stock Option Plan. (4)

10.6              Lease dated August 20, 2001 between Elderwalk Limited and
                  Online Advisory Limited.

10.7              Form of Bearer Debentures owned by the Registrant and issued
                  by Oakland Finance Limited.

11.1              Statement re: calculation of per-share earnings. (See Note 1
                  to the Consolidated Financial Statements)

                                       7
<PAGE>

21.1              Subsidiaries of the Registrant:

                  Online Advisory Limited (U.K.)                       100%
                  Glengarry Software Solutions Limited (Bermuda)       100%
-------------
(1)      Filed as an exhibit to the Registrant's registration statement on Form
         S-4 (333-50520).
(2)      Filed as an exhibit to the Form 10-K for the year ended June 30, 2001.
(3)      Filed as an exhibit to the Registrant's current report on Form 8-K
         dated June 29, 2001.
(4)      Filed as an exhibit to the Registrant's Form 10-SB.

         (b) Financial Statement Schedules

         All supplemental schedules are omitted because of the absence of
conditions under which they are required or because the information is shown in
the financial statements or notes thereto or in other supplemental schedules.

         (c) Reports on Form 8-K

         Form 8-K report dated June 29, 2001.

                                       8
<PAGE>
                                   SIGNATURES

        Pursuant to the requirement of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the registrant caused this amendment to be
signed on its behalf by the undersigned thereunto duly authorized.

Dated:  November 9, 2001          GLENGARRY HOLDINGS LIMITED


                                  By:   /s/ David Caney
                                       ----------------------------------------
                                          David Caney
                                          President and Chief Executive Officer

                                       9
<PAGE>

                          INDEPENDENT AUDITORS' REPORT



October 4, 2001


Board of Directors and Shareholders
Glengarry Holdings, Ltd. and Subsidiaries
Bermuda


We have  audited  the  accompanying  consolidated  balance  sheets of  Glengarry
Holdings,  Ltd. and  subsidiaries  as of June 30, 2001 and 2000, and the related
consolidated statements of operations,  shareholders' equity, and cash flows for
each  of the  years  in the  three  year  period  ended  June  30,  2001.  These
consolidated  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 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 consolidated  financial statements referred to above present
fairly, in all material respects,  the financial position of Glengarry Holdings,
Ltd.  and  subsidiaries  as of June  30,  2001  and  2000,  and the  results  of
operations  and its cash  flows for each of the years in the three  year  period
ended June 30, 2001 in conformity with accounting  principles generally accepted
in the United States of America.

/s/ Beckman, Kirkland & Whitney

                                       F-1
<PAGE>
<TABLE>
<CAPTION>
                                       GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                                                     BALANCE SHEETS


                                                                      June 30,                            June 30,
                         ASSETS                                         2001                                2000
                                                                        ----                                ----
<S>                                                                 <C>                                 <C>
CURRENT ASSETS
  Cash                                                              $    439,251                        $        165
  Restricted Cash (Note 5)                                             3,520,780                                   -
  Accounts Receivable - Trade                                             18,112                                   -
  Interest Receivable                                                     16,108                                   -
                                                                    ------------                        ------------

       TOTAL CURRENT ASSETS                                            3,994,251                                 165

PROPERTY AND EQUIPMENT
  net of accumulated depreciation (Notes 1 & 3)                           88,658                                   -
                                                                    ------------                        ------------

OTHER ASSETS
  Mortgage Debentures Receivable (Note 4)                              6,270,695                                   -
                                                                    ------------                        ------------

       TOTAL ASSETS                                                 $ 10,353,604                        $        165
                                                                    ============                        ============

             LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
  Accounts payable                                                  $    222,155                        $    117,388
  Notes and Loans Payable (Note 5)                                     3,196,290                                   -
  Accrued Expenses                                                         8,450                                   -
                                                                    ------------                        ------------

      TOTAL LIABILITIES                                                3,426,895                             117,388

COMMITMENTS AND CONTINGENCIES (NOTE 11)

SHAREHOLDERS' EQUITY (DEFICIT)
  Preferred stock, $.005 par value, authorized
    50,000,000 shares; no shares issued and
    outstanding at June 30, 2001 and June 30, 2000
  Common stock, $.05 par value, authorized 50,000,000
     shares; 40,793,650 shares issued and outstanding
     at June 30, 2001, and 330,688 shares issued and
     outstanding at June 30, 2000.  (Note 8)                           2,039,682                              16,534
  Additional paid-in capital                                           7,321,929                           1,530,130
  Accumulated deficit                                                 (2,434,902)                         (1,663,887)
                                                                    ------------                        ------------
  Total shareholders' Equity (Deficit)                                 6,926,709                            (117,223)
                                                                    ------------                        ------------
      TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY (DEFICIT)          $ 10,353,604                        $        165
                                                                    ============                        ============
</TABLE>
                 See accompanying notes to financial statements

                                       F-2
<PAGE>
<TABLE>
<CAPTION>
                                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                                           STATEMENTS OF CASH FLOWS



                                                                              For the years ended June 30,
CASH FLOWS FROM  OPERATING ACTIVITIES:                              2001                    2000                   1999
                                                                    ----                    ----                   ----
<S>                                                            <C>                     <C>                    <C>
NET INCOME (LOSS)                                              $     (771,015)         $      111,993         $     (655,241)

Adjustments to reconcile net income to net cash
  provided by operating activities:
  Depreciation & Amortization                                           2,089                   3,200                  4,939
  Gain on disposal of equipment                                             -                   5,310                      -
  (Increase) Decrease in accounts receivable                          (18,112)                      -                      -
  (Increase) Decrease in interest receivable                          (16,108)                      -                      -
  (Increase) Decrease in prepaid advertising                                -                       -                121,758
  Increase (Decrease) in deferred revenue                                   -                (283,333)               283,333
  Increase (Decrease) in accounts payable                             104,767                (119,140)                32,221
  Increase (Decrease) in accrued expenses                               8,450                       -                      -
                                                               --------------          --------------         --------------

   NET CASH USED IN OPERATING ACTIVITIES                             (689,929)               (281,970)              (212,990)
                                                               --------------          --------------         --------------

CASH FLOW FROM INVESTING ACTIVITIES
  Purchases of Furniture, Fixtures & Equipment                        (90,747)                      -                      -
                                                               --------------          --------------         --------------

CASH USED FOR INVESTING ACTIVITIES                                    (90,747)                      -                      -

CASH FLOW FROM FINANCING ACTIVITIES
  Proceeds from issuance of common stock                            4,740,542                   2,089                589,678
  Advances from (Repayments to) shareholders                                -                 (75,388)               (21,725)
                                                               --------------          --------------         --------------

NET CASH PROVIDED BY (USED FOR)
  FINANCING ACTIVITIES                                              4,740,542                 (73,299)               567,953
                                                               --------------          --------------         --------------

NET CHANGE IN CASH                                                  3,959,866                (355,269)               354,963

CASH AT BEGINNING OF YEAR                                                 165                 355,434                    471
                                                               --------------          --------------         --------------

CASH AT END OF YEAR                                            $    3,960,031          $          165         $      355,434
                                                               ==============          ==============         ==============

Supplemtal Cash Flow Information:
  Interest expense paid during the period was:                 $       28,277          $            -         $            -
  Income taxes paid during the period was:                                  -                       -                      -

Non-cash Investing and Financing Activities:
  Mortgage debentures received from issuance
    of common stock                                            $    6,270,695
  Assumed debt of acquired business                            $    3,196,290

</TABLE>
                 See accompanying notes to financial statements

                                       F-3
<PAGE>
<TABLE>
<CAPTION>
                                       GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                                                STATEMENTS OF OPERATIONS

                                                                          For the years ended June 30,
                                                                    2001                   2000                  1999
                                                            ------------------     ------------------    -------------------
<S>                                                           <C>                    <C>                   <C>
Gross Receipts                                                $       36,720         $            -        $             -
  Less: Returns and allowances                                             -                      -                      -
                                                              --------------         --------------        ---------------

Net Sales                                                             36,720                      -                      -

Cost of Sales                                                              -                      -                      -
                                                              --------------         --------------        ---------------

        Gross Profit                                                  36,720                      -                      -

Selling, General and Administrative
  Expenses                                                           876,661                      -                      -
                                                              --------------         --------------        ---------------

  Income (Loss) from Operations                                     (839,941)                     -                      -

Other Income and (Expenses)
  Interest Expense                                                   (28,277)                     -                      -
                                                              --------------         --------------        ---------------

  Income (Loss) before income taxes                                 (868,218)                     -                      -

  Provision for income taxes - (Note 6)                                    -                      -                      -
                                                              --------------         --------------        ---------------

       Net income (Loss) from continuing operations                 (868,218)                     -                      -

Discontinued operations:
  Income (loss) from operations of vitamins
    and personal care products line
    disposed of (net of income taxes) - (Note 7)                           0                111,993               (655,241)
  Gain on disposal of assets (Note 7& 10)                             97,203                      -                      -
                                                              --------------         --------------        ---------------

Net Income (loss)                                             $     (771,015)        $      111,993        $      (655,241)
                                                              ==============         ==============        ===============

Income (Loss) per share amounts:
  Basic:
      Net income (loss) from continuing operations            $        (1.58)        $            -        $             -
      Net income (loss) from discontinued operations          $         0.18         $         0.34        $         (2.81)
  Diluted:
      Net income (loss) from continuing operations                  n/a                   n/a                    n/a
      Net income (loss) from discontinued opn/ations                                            n/a
  Weighted average common and common equivalent shares:
      Basic                                                          550,551                330,222                232,894
                                                              ==============         ==============        ===============
      Diluted                                                       n/a                   n/a                    n/a

</TABLE>
                 See accompanying notes to financial statements

                                       F-4
<PAGE>
<TABLE>
<CAPTION>
                                       GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                       STATEMENTS FO SHAREHOLDERS' EQUITY


                                                                             Additional           Accumu-               Net
                                               Common Stock                   paid in              lated           Shareholders'
                                        Shares              Amount             Capital             Deficit             Deficit
                                    ------------       -------------       -------------       --------------     -------------
<S>                                  <C>                <C>                 <C>                 <C>                <C>
Balance at June 30, 1998                201,618         $    10,081         $   944,817         $ (1,120,639)      $  (165,741)

Stock issued for services               104,576               5,229             417,023                                422,252

Stock issued for cash                    23,377               1,169             166,256                                167,425

Net loss for period                                                                                 (655,241)         (655,241)
                                     ----------         -----------         -----------         ------------       -----------

Balance at June 30, 1999                329,571            $ 16,479         $ 1,528,096         $ (1,775,880)       $ (231,305)
                                     ----------         -----------         -----------         ------------       -----------

Stock issued for services                 1,117                  55               2,034                                  2,089

Net income for period                                                                                111,993           111,993
                                     ----------         -----------         -----------         ------------       -----------

Balance at June 30, 2000                330,688            $ 16,534         $ 1,530,130         $ (1,663,887)      $  (117,223)
                                     ----------         -----------         -----------         ------------       -----------

Shares issued                        40,462,962           2,023,148           5,791,799                              7,814,947

Net loss for period                                                                                 (771,015)         (771,015)
                                     ----------         -----------         -----------         ------------       -----------

Balance at June 30, 2001             40,793,650         $ 2,039,682         $ 7,321,929         $ (2,434,902)      $ 6,926,709
                                     ==========         ===========         ===========         ============       ===========
</TABLE>
                 See accompanying notes to financial statements

                                       F-5
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Glengarry  Holdings Ltd. a Bermuda Company was incorporated in November of 2000.
In February 2001 Endless  Youth  Products,  Inc.,  (the  historical  issuer) was
merged into EYPI Merger Corp.,  a Nevada  Subsidiary of Glengarry  Holdings Ltd.
The shareholders of Endless Youth Products Inc. became shareholders of Glengarry
Holdings  Ltd. EYPI Merger Corp.  was  dissolved,  Endless  Youth  Products Inc.
became a wholly  owned  subsidiary  of Glengarry  Holdings  Ltd. and the name of
Endless  Youth  Products  Inc. was changed to Glengarry  Holdings  (US) Limited.
Glengarry Holdings Ltd. and its subsidiaries (The Company) is engaged in selling
computer software  systems,  system financing and advisory services with special
consideration to Internet technology.

Basis of Consolidation

The  consolidated   financial  statements  include  the  accounts  of  Glengarry
Holdings, Ltd. and its domestic and foreign subsidiaries. Inter-company accounts
and  transactions  have been  eliminated.  Certain  prior year amounts have been
reclassified to conform to the current year presentation.

Foreign Subsidiaries

The local foreign currency is the functional currency for Online Advisory,  Ltd.
Assets and liabilities are translated into U.S.  dollars at the rate of exchange
existing at year-end.  Translation  gains and losses are included as a component
of  shareholders'  equity.  Transaction  gains and  losses are  included  in the
statement of operations.  No translation  gains or losses have been recorded due
to the acquisition date being so close to the year end.

Basis of Presentation

The  accompanying  financial  statements  have been prepared in conformity  with
generally accepted accounting principles,  which contemplate continuation of the
Company as a going concern. Since its inception in 1996 the Company has incurred
substantial development stage and operating losses. The Company's management has
reduced  operating  expenses  and  is  currently   evaluating  future  operating
activities  to improve  cash flow.  As discussed in Note 2, on June 29, 2001 the
Company  acquired Online Advisory,  Ltd. This  acquisition  provided the Company
with approximately  $575,000 of working capital and investments of approximately
$6,270,000.  The Company  plans to  liquidate  these  investments  as needed for
operating activities.

                                       F-6
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Cash Equivalents

The Company considers all highly liquid certificates of deposit with an original
maturity of three months or less to be cash equivalents.

Depreciation and Amortization

Depreciation  of property  and  equipment  is computed  using the  straight-line
method based on estimated useful lives ranging as follows:

                  Furniture and Fixtures                 7 years
                  Computer Equipment                     5 years

Revenue Recognition

Revenue from product sales is  recognized  upon shipment or at the time services
are provided.

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  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.

Reclassifications

Certain reclassifications have been made in prior years' financial statements to
conform to classifications used in the current year.

Income Taxes

Provisions  (benefits)  for federal and state  income  taxes are  calculated  on
reported  financial  statement  income  (loss) based on current tax law and also
include  the  cumulative  effect of any  changes  in tax rates  from  those used
previously in determining  deferred tax assets and liabilities.  Such provisions
(benefits)  differ from the amounts  currently  payable because certain items of
income and expense, known as temporary differences,  are recognized in different
tax periods for financial reporting purposes than for income tax purposes.

                                       F-7
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000



NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Earnings (Loss) Per Share

The  Company  adopted  Statement  of  Financial  Accounting  Standards  No. 128,
"Earnings per Share" (SFAS 128).  This statement  requires the company to report
basic and  diluted  earnings  (loss)  per  share.  Basic  earnings  per share is
computed by dividing net income (loss)  available to common  stockholders by the
weighted average number of common shares outstanding during the period.  Diluted
earnings per share include the effect of the additional common shares that would
have been outstanding if dilutive stock options had been exercised.

The following table summarized the calculation of basic and diluted earnings per
share for the years ended June 30,
<TABLE>
<CAPTION>
                                                            2001          2000           1999
                                                            ----          ----           ----
<S>                                                       <C>            <C>          <C>
Numerator:
  Basic and diluted earnings per share -
   net income (loss)                                      $ (771,015)    $ 111,993    $ (655,241)

Denominator:
  Basic earnings per share - weighted average number
   of common shares outstanding during the period            550,551       330,222       232,894

Incremental common shares attributable to
   assumed exercise of options and warrants                      N/A           N/A           N/A

Denominator for diluted earnings per share                       N/A           N/A           N/A

Basic earnings per share                                  $    (1.40)    $    0.34    $    (2.81)

Diluted earnings per share                                       N/A           N/A           N/A
</TABLE>

NOTE 2 - MERGERS AND ACQUISITIONS

In February 2001 Endless  Youth  Products,  Inc.,  (the  historical  issuer) was
merged into EYPI Merger Corp., a Nevada Subsidiary of Glengarry  Holdings.  Ltd.
The shareholders of Endless Youth Products Inc. became shareholders of Glengarry
Holdings  Ltd. EYPI Merger Corp.  was  dissolved,  Endless  Youth  Products Inc.
became a wholly  owned  subsidiary  of Glengarry  Holdings  Ltd. and the name of
Endless Youth Products Inc. was changed to Glengarry Holdings (US) Limited.

                                       F-8
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000


NOTE 2 - MERGERS AND ACQUISITIONS (continued)

On June 29, 2001 Glengarry  Holdings Limited,  (the Company) acquired all of the
outstanding  capital stock of Online Advisory  Limited for 40,455,800  shares of
the  Company's  common  stock  valued at $.19 per share.  The Company  agreed to
register  the  shares  issued  to  Online  shareholders  for  resale  under  the
Securities Act of 1933, as amended.  Online Advisory Ltd.  provides  consultancy
services in the  information  technology  sector,  incorporating  the set up and
ongoing management of computer systems, as well as facilitating finance for both
hard and software packages.

The  above  acquisitions  were  accounted  for  using  the  purchase  method  of
accounting;  accordingly,  only  the  results  of  operations  of  the  acquired
companies  subsequent to their  respective  acquisition date are included in the
consolidated  statements of the Company.  At the acquisition dates, the purchase
price was allocated to assets  acquired and  liabilities  assumed based on their
relative  fair  market   values.   Since  the  total  purchase  price  on  these
acquisitions  equaled the fair values of the net assets acquired no goodwill was
recorded.

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT

Property, Plant and Equipment consist of the following at:

                                                June 30,            June 30,
                                                  2001                2000
                                                  ----                ----
Furniture and Fixtures                        $    35,609         $         -
Computer Equipment                            $    55,138                   -
   less: Accumulated Depreciation             $    (2,089)                  -
                                              -----------         -----------
                                              $    88,658         $         -
                                              ===========         ===========


Depreciation  expense  charged to operations  was $2,089,  $3,200 and $4,939 for
years ended June 30, 2001, 2000 and 1999.


NOTE 4 - MORTGAGE DEBENTURES RECEIVABLE

The  Company  holds ten  mortgage  debentures  secured by a property  located in
France on the French Riviera.  These debentures  accrue interest at five percent
per annum and are payable in French  Francs,  they mature in January  2009.  The
book value and market value of these debentures was $6,270,695. These debentures
are pledged as collateral against a loan payable as discussed in Note 5.

                                       F-9
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000


NOTE 5 - NOTES AND LOANS PAYABLE

At June 30, 2001 the Company had a loan payable in the amount of JPY 400,000,000
Japanese Yen which  translates to  $3,196,290  U.S.  dollars.  This loan accrues
interest  at 1.5% per annum and is due in June  2002.  This loan is  secured  by
$3,520,780 of cash deposits and the mortgage debentures discussed in Note 4.


NOTE 6 - INCOME TAXES

There is no current or  deferred  income tax expense for the year ended June 30,
2001, 2000 and 1999. The Company currently  conducts its business  activities in
Bermuda, a non-taxable foreign jurisdiction.

SFAS  109  requires  that  the  future  tax  benefit  of  net   operating   loss
carryforwards be recorded as an asset using current tax rates to the extent that
management assesses the utilization of such carryforwards to be more likely than
not.  As of June 30,  2000 the  Company  had  recorded a  deferred  tax asset of
$463,595 with a valuation allowance of $463,595.  The subsidiary which generated
the loss  carryforwards was sold during the year  accordingly,  the deferred tax
asset and the valuation allowance are $0 at June 30, 2001.

The following  reconciles the federal statutory income tax rate to the effective
rate of the provision for income taxes.

                                     June 30, 2001  June 30, 2000  June 30, 1999
                                     -------------  -------------  -------------
Federal Statuatory rate                   34  %          34  %          34  %
Adjustment for business conducted in
  nontaxable foreign jurisdiction        (34) %
Valuation allowance adjustment             0  %         (34) %         (34) %
                                      ----------     ----------     ----------
Effective rate                             0  %           0  %           0  %
                                      ==========     ==========     ==========


NOTE 7 - DISCONTINUED OPERATIONS

In July 2000 the Company  discontinued  its vitamins and personal  care products
line. The assets and liabilities  related to those  operations were sold in June
2001 at a gain of $97,203.  Operating  results of the vitamins and personal care
products line for the years ended June 30, 2000 and 1999 are shown separately in
the accompanying  income statement.  Net sales of the vitamins and personal care
products  line for the years  ended  June 30,  2000 and 1999 were  $680,466  and
$5,033,558  respectively.  These  amounts  are not  included in net sales in the
accompanying income statement.

                                      F-10
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000


NOTE 8 - RELATED PARTY TRANSACTIONS

The Company had a license agreement with one of its shareholders that was also a
director and an officer  until June of 2000.  Under the terms of the  agreement,
the  Company  retained  the sole right to market  goods and  services  under the
Endless  Youth trade name  throughout  the world.  The  licensor  extended  such
worldwide  rights to the company  following the initial  domestic-only  grant of
these rights. This license agreement was cancelled in May of 2000


NOTE 9 - SHAREHOLDERS' EQUITY

During the years ended June 30, 2001,  2000 and 1999 the Company issued 0, 1,117
and 104,576  shares of common  stock,  respectively,  in exchange  for  services
rendered.  The  cost of the  services  has  been  charged  to  operations,  and,
additional paid in capital has been increased by $0, $2,033 and $417,023 for the
years ended June 30, 2001, 2000 and 1999  respectively,  representing the excess
fair market value of the services over the par value of the common stock.

Changes in the status of options are  summarized as follows for the fiscal years
ended June 30:
<TABLE>
<CAPTION>
                                          2001                 2000            1999
                                          ----                 ----            ----
<S>                                 <C>               <C>               <C>
Outstanding at beginnings of year            7,000            48,000            35,000
Granted                                          -                 -            29,000
Exercised                                        -                 -           (16,000)
Expired                                      1,000                 -                 -
Cancelled                                        -           (41,000)                -
                                    ---------------   ---------------   ---------------
Outstanding at end of year                   6,000             7,000            48,000
                                    ===============   ===============   ===============
Exercisable at end of year                   6,000             7,000           120,000
                                    ===============   ===============   ===============
Price range of options:
   Outstanding at end of year       $6.25 - $25.00    $6.25 - $25.00    $6.25 - $45.00
</TABLE>

Changes in the status of warrants are summarized as follows for the fiscal years
ended June 30:

                                        2001             2000           1999
                                        ----             ----           ----
Outstanding at beginnings of year       6,700           38,387          20,520
Granted                                     -                0          25,050
Exercised                                   -                0          (6,983)
Expired                                (2,500)         (12,387)           (200)
Cancelled                                   -          (19,300)              -
                                     ---------       ----------       ---------
Outstanding at end of year              4,200            6,700          38,387
                                     =========       ==========       =========

                                      F-11
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000


NOTE 9 - SHAREHOLDERS' EQUITY (continued)

The Company  applies APB 25 in  accounting  for its employee  stock  options and
warrants. The option price equals or exceeds the fair market value of the common
shares on the date of the grant and, accordingly,  no compensation cost has been
recognized under the provisions of APB 25 for stock options. The Company applies
SFAS 123 for options and warrants issued for outside services. Compensation cost
is measured at the grant date based on the value of the award and is  recognized
over the service (or vesting) period.

Had compensation cost for Company's employee stock option and warrant agreements
been  determined  under SFAS 123,  based on the fair  market  value at the grant
dates,  the  Company's  pro forma net  earnings and net earnings per share would
have been reflected as follows at June 30:

                                  2001               2000              1999
                                  ----               ----              ----
     As reported               ($771,015)          $111,993         ($655,241)
     Pro forma                 ($771,015)          $111,993         ($685,787)
Net earnings per share
     As reported                  ($1.40)             $0.03            ($0.28)
     Pro forma                    ($1.40)             $0.03            ($0.29)


The fair value of each  option and  warrant  is  estimated  on the date of grant
using the Black-Scholes option pricing model with the following weighted-average
assumptions  used for those options and warrants granted during years ended June
30,  2001,  and 2000 and  1999,  respectively:  dividend  yield of 0%,  expected
volatility of 58%,  risk-free  interest  rates of 5%, and expected lives ranging
from 1 to 10 years.


NOTE 10 - GAIN ON SALE OF SUBSIDIARY

Effective  June 29, 2001 the Company  transferred  its  ownership  of  Glengarry
Holdings (US) Limited to Emmerson  Development Trust, a private investment trust
established  in Hong  Kong,  for  nominal  consideration.  As part of the  sales
agreement,  the Company  assumed a $1,000,000  credit  facility  from HFC Credit
utilized by the Company and Glengarry (US).  Since the  liabilities  transferred
exceed  the assets  transferred  the  Company  realized a gain of $97,203 on the
sale.

                                      F-12
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                          NOTES TO FINANCIAL STATEMENTS
                         JUNE 30, 2001 AND JUNE 30, 2000


NOTE 11 - COMMITMENTS AND CONTINGENCIES

Subsequent to year end the Company commenced a non cancelable operating lease in
August 2001 for its administrative  offices. Future minimum lease payments under
this lease are as follows:

                             Year Ending
                               June 30,
                               --------
                                2002     $ 7,965
                                2003      47,791
                                2004      47,791
                                2005      39,826


NOTE 12 - CONCENTRATIONS OF CREDIT RISK

The Company's financial  instruments that are exposed to concentration of credit
risk consist primarily of cash equivalents and mortgage debentures.

The Company maintains its cash accounts primarily with a credit facility located
in Hong Kong.  The  Company is not insured on its cash and cash  equivalents  of
$3,960,031 of which  $3,520,780 are pledged  against a loan with the same credit
facility.

The Company  holds ten  mortgage  debentures  all secured by the same  property,
which is  located  in  France.  The  mortgage  debtures  total to  approximately
twenty-five  to thirty  percent of the fair market value of the property and are
not subordinated to any other debts or liens.

                                      F-13