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 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 [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K 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-K or any amendment to this Form 10-K. [X]


State registrant's revenues for its most current fiscal year $32,049.

As of April 17, 2002, the aggregate value of the registrant's voting stock held
by non-affiliates was $33,450,998 (computed by multiplying the average bid and
asked price on April 17, 2002 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 April 17, 2002, 40,793,900 shares of Common Stock were outstanding, which is
the registrant's only class of common stock.


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                                     PART I

ITEM 1.  BUSINESS

FORWARD-LOOKING STATEMENTS

         Certain matters discussed in this report are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and
are subject to the safe harbor created thereby. These forward-looking statements
can generally be identified as such because the context of the statement will
include words such as the Company or we "believe," "anticipate," "estimate,"
"expect" or words of similar import as they relate to us or our management.
Similarly, statements that describe our future plans, objectives or goals are
forward-looking statements. Such forward-looking statements are subject to
certain risks and uncertainties, including those described in the section
captioned "Risk Factors" below.

GENERAL


         The registrant, Glengarry Holdings Limited (the "Company") was
incorporated under the laws of Bermuda in November 2000. Prior to redomiciling
in Bermuda in February 2001, the registrant was a Nevada corporation named
Endless Youth Products, Inc. ("Endless Youth"). See "Background" below. The
Company, through its operating subsidiaries, is currently engaged in the sale of
computer hardware and software, information technology ("IT") consulting, IT
personnel placement and technology financing. It actively markets its services
in Europe, Asia and the Middle East. Prior to June 2001, the Company was
involved in the business of developing, marketing and distributing proprietary
vitamins, nutritional skin care and similar products under the trade name
"Endless Youth".: This health-related business was discontinued and sold in June
2001.


BACKGROUND

Redomestication Transaction


         The Company's predecessor company, Endless Youth, was involved in the
business of developing, marketing and distributing proprietary vitamins,
nutritional skin care and similar products In June, 2000 Endless Youth's sole
officer and director determined to abandon this business and, together with EXP
International LLC transferred a controlling interest in the Company to the
Sababurg Foundation and several other parties. Following this change of control
and management, the Company's new management embarked on a plan to change the
Company's jurisdiction of organization from Nevada in the United States to
Bermuda, in order to maximize future earnings in the international technology
and finance sector.


         The Bermuda redomestication transaction was completed pursuant to a
vote of the shareholders of Endless Youth after the distribution of a
Prospectus/Proxy Statement dated and declared effective December 7, 2000 (Form
S-4 Registration Statement No. 333-50520). As a result of the merger approved by
the shareholders of Endless Youth, Endless Youth merged with EYPI Merger Corp.,
a Nevada subsidiary of Glengarry Holdings Limited, a Bermuda company. On
February 2, 2001, the effective date of the merger, the holders of shares of

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common stock of Endless Youth became holders of common shares of Glengarry
Holdings, EYPI Merger Corp. was dissolved, Endless Youth became a wholly owned
subsidiary of Glengarry Holdings Limited, and the name of Endless Youth was
changed to "Glengarry Holdings (US) Limited."

Acquisition of Online Advisory Limited.


         Effective June 29, 2001 the Company acquired 100% of the issued and
outstanding stock of Online Advisory Limited, a company organized under the laws
of England and Wales ("Online Advisory"), based in Great Britain. Online
Advisory was organized in July 1999 and is engaged in the business of IT
services, specializing in finance for computer software as well as the
distribution of computer hardware and software. At the same time, the Company
sold its subsidiary, Glengarry Holdings (US) Limited, a Nevada corporation, to
the Emmerson Development Trust for nominal consideration. Glengarry (US) was the
repository of assets and liabilities of the nutritional products business
conducted under the name "Endless Youth Products" by the Company prior to June,
2000.

         The Company acquired Online Advisory Limited for its net asset value,
British Pounds, 5,714,940 (US$8,091,212) in exchange for 40,455,800 shares of
the Company's Common Stock. These shares were issued in exact percentage terms
to 215 shareholders of Online Advisory Limited, being all the shareholders of
Online Advisory Limited. The Company has agreed to register these shares for
possible resale under the Securities Act of 1933, as amended. The former
management of Online Advisory Limited have remained as non-executive senior
marketing and administration staff.

         The acquisition is considered an acquisition of Glengarry Holdings
Limited (the accounting subsidiary/legal parent) by Online Advisory (the
accounting parent/legal subsidiary), for accounting purposes, and has been
accounted for as a purchase of the net assets of Glengarry Holdings by Online
Advisory in the consolidated financial statements. The consolidated financial
statements are issued under the name of Glengarry Holdings, but are a
continuation of the financial statements of the accounting acquirer, Online
Advisory. See Note 1 to the audited consolidated financial statements included
in this Form 10-K. Accordingly, unless otherwise indicated, all descriptions of
the business and historical operations of the Company refer to the business and
operations of our legal subsidiary, Online Advisory Limited.


Overview


         The Company, through its operating subsidiaries Online Advisory and
Glengarry Software Solutions Limited, is currently engaged in the marketing,
distribution and sale of computer hardware and software, information technology
("IT") consulting, IT personnel placement and technology financing, with
emphasis on multi-lingual applications to new and existing systems. It actively
markets its services in Europe, Asia and the Middle East.

         The Company's principal executive office is located at 10 Queen Street,
Hamilton HM EX, Bermuda, where its telephone number is (441) 295-3511.


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The Industry


         The worldwide IT products and services distribution industry generally
consists of:

         o        manufacturers and software publishers, which we collectively
                  call suppliers or vendors, and which sell directly to
                  distributors, resellers and end-users;

         o        distributors, which sell to resellers; and

         o        resellers, which sell directly to end-users and, in certain
                  cases, to other resellers.

         A variety of reseller categories exist, including value-added resellers
("VARs"), corporate resellers, systems integrators, original equipment
manufacturers ("OEMs"), direct marketers, independent dealers, reseller
purchasing associations, PC assemblers, and computer retailers. Outside the
United States, which represent over half of the IT industry's sales, the markets
are characterized by more fragmented distributions channels. Commissioned sales
agents and representatives generally sell to resellers or end-users and arrange
for the purchase of a wide range of products in bulk directly from vendors or
other resellers. Characteristics of the local reseller and vendor environment,
as well as other factors specific to a particular country or region, have shaped
the evolution of distribution models in different countries.

         According to a December 2001 report of International Data Corp. (IDC),
total worldwide IT spending on hardware, software, and services was estimated at
approximately $996 billion for calendar year 2001. Despite the current economic
downturn that has impacted overall demand for IT products and services,
distribution continues to serve a significant role in delivering IT products to
market in a low-cost manner. Suppliers are pursuing strategies to outsource
functions such as distribution, service, and technical support to supply chain
partners as they look to minimize costs and focus on their core competencies in
manufacturing, product development, and marketing. In addition, the original
market research undertaken in the Company's chosen markets demonstrated that,
with the necessity to reduce headcount and deliver efficiency, companies would
have greater reliance on IT systems in order to remain competitive.

         The technology distribution industry has undergone significant
consolidation as a result of several factors. More restrictive terms and
conditions from vendors, reductions in the number of vendor-authorized
distributors, a high level of price competition among distributors, and evolving
vendor business models (e.g., direct selling to a fragmented market) have driven
several of the weaker companies from the market. During 1999 and early 2000, a
number of significant players within the worldwide IT distribution industry
substantially exited or merged with other players within the distribution
market.

         The number of emerging industry trends provide new opportunities and
challenges for distributors of IT products and services. For example, the focus
on driving efficiency in business models, and, in particular, in the supply
chain, provides distributors with an additional means to serve both suppliers
and reseller customers by becoming providers of IT supply chain services.
Furthermore, manufacturer-direct sales initiatives utilizing in-house sales
force or commissioned sales agents, developed in an effort to duplicate the
success of the direct sales business model, have been widely adopted by large
suppliers.

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         As resellers and vendors continue to seek ways to reduce costs and
improve efficiencies, distributors are responding with a variety of new
value-added services. Many of these services are now delivered in conjunction
with outsourcing initiatives in which companies choose to focus more exclusively
on core competencies and rely on third-party suppliers for other requirements.
The outsourcing trend is evident among both small and large IT resellers as well
as vendors. In response, companies are offering sales/account management,
credit, technical support, education, marketing logistics management and other
business solutions.


Customers, Products and Services


         Our operating subsidiary, Online Advisory Limited, was formed in July
1999 to provide a "one stop" IT solution for companies requiring a package of
hardware, software, ongoing support and leasing finance. Accelerating
technological advancement, the tendency for organizations to migrate to
multivendor distributed networks and the increased globalisation of corporate
activity have all contributed to a significant increase in the sophistication
and interdependency of corporate IT systems. Along with this new autonomy is a
heightened emphasis on budgets with businesses looking to access the most cost
efficient method of achieving their requirements. Here, we believe that finance
packages can play a major part in this equation and being able to provide this
as part of the overall package is attractive to customers.

         Customers: We market computer hardware and software products -
including peripherals, systems, networking, components and software - of
manufacturers and publishers to our customers in international markets. Our
current customers are largely in the healthcare industry, including research
laboratories, clinics, and particularly hospitals, where new products are
continually in demand as medical progress is made. The medical profession is
going through fundamental change worldwide, with demographics revealing ever
more people being treated and the ability to treat more and more illnesses. With
this as a backdrop and a more demanding population worldwide, we have focused
and targeted our operations on the healthcare industry.

         We offer a bespoke client service . An initial consultation with the
client will establish their requirements, from budget and timescale, through
financing, delivery and ongoing support. We do not manufacture any of the
products we market. We derive our income solely from agency commissions on
system sales and finance and fees for advisory services.

         Products: We market a wide variety of products, from computer hardware
vendors and suppliers and software publishers worldwide, depending on the
requirements of our customers . We emphasize multi-lingual applications to new
and existing systems. Product assortments vary by market, and our sales of our
vendors' products vary from country to country. Our vendors generally warrant
the products we market on their behalf and allow returns of defective products,
including those returned to us by our customers. We do not independently warrant
the products we distribute; however, we do warrant the services with regard to
products that we configure for our customers. We generally enter into written
agreements with our suppliers; however, these agreements usually provide for
nonexclusive rights and often include territorial restrictions that limit the
countries in which we can sell the products. The agreements are also generally
short term, subject to periodic renewal, and often contain provisions permitting
termination by either party without cause upon relatively short notice.

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         Advisory Services: We provide our customers with pre- and post-sale
technical support, product configuration/integration services and financing
programs. We provide IT business solutions and support to customers including,
application services, consulting, hardware and software support, installation,
moves, adds, and changes, migration services, Local-Area Network and Wide-Area
Network services, network design, integration and implementation, and
outsourcing and personnel placement services. We provide short-term computer
operators to assist customers in transition to new systems. Generally, this
service is included in pricing for the software systems. However, we see an
opening in the market for a personnel recruitment and placement service,
supplying IT employment placement both short-term and permanent.

         Financing Programs. IT and medical technology systems are often
expensive and require finance if they are to be installed. We introduce lenders
to qualifying customers. This allows those qualifying customers to purchase or
lease the products we offer. Currently, we do not provide finance directly to
our customers but introduce third party finance providers to our customers. We
earn commissions from these introductions. We believe there are many companies
involved in the selling of software and hardware packages, in a very wide and
diverse area of operations. However, it is not readily apparent that there are
any specific companies operating in our chosen markets offering packaged finance
as part of the overall delivery process. Other corporations frequently use third
party finance providers, but these companies are primarily focused on high
volume markets.

         The Company endeavors to control its bad debt exposure by monitoring
customers' creditworthiness and, where practicable, through participation in
credit associations that provide customer credit rating information for certain
accounts. The Company establishes reserves for estimated credit losses in the
normal course of business. If the Company's receivables experience a substantial
deterioration in their collectibility, the Company's financial condition and
results of operations may be adversely impacted.


Sales and Marketing


         We market our products and services in Europe, Israel, Kuwait, Saudi
Arabia and Turkey. We currently contract with sales representatives located in:
Egypt, Israel, Kuwait, Saudi Arabia, Turkey, the U.A.E., Southeast Asia, the
People's Republic of China and India. We market our services through these
agents. The costs of these sales agents are funded by the Company. The agents
also receive variable commissions on sales and fees. These
distributors/representatives are not employees of the Company and may sell other
supplier's products alongside our offerings. Business is also generated by
referral and commissioned introductions.

         Our financial transactions from operations are primarily denominated in
U.S. dollars. Accordingly, our operations impose risks upon our business as a
result of exchange rate fluctuations. Additionally, our financial transactions
from operations expose our business to financial risks from interest rate
fluctuations in foreign markets.

         The Company has spent considerable time since incorporation developing
its profile and expanding into new geographic areas. The major risk in these
geographic areas, and in the Middle East in particular, is serious political
unrest.

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UNCOMPLETED ORDERS


         At June 30, 2001 the Company had orders totaling $287,520, which it
believes to be firm and which it will complete during the four months ending
October 31, 2001. As of October 31, 2001, all orders were completed and funds
received on such orders.


COMPETITION


         There are no dominant major competitors, but there are literally
thousands of potential competitors. The Company is a service provider rather
than a manufacturer. It is one of the largest growth markets today with new
ideas and technical achievements announced on a daily basis. The Company meets
this challenge by dealing in a niche market which is relatively untapped, namely
multi-lingual applications. Competition in the computer products distribution
industry is intense. Key competitive factors include price, breadth of products,
credit availability and financing options, availability of technical support and
product information, marketing services and programs, and ability to influence a
buyer's decision. Many of our competitors have substantially greater financial
resources and broader product offerings than ours.


CONTRACTS WITH SUPPLIERS AND MANUFACTURERS

         The Company has relationships with several suppliers and manufacturers
of its products and services. The hardware and software components for the
systems marketed and sold by the Company are readily available from a variety of
sources. As the size and scope of projects undertaken by the Company increases,
it expects to request various suppliers to compete for orders via a bidding
process.

LICENSES, TRADEMARKS AND PATENTS

         The Company does not have any patents, trademarks or material
technology licensing agreements.

EMPLOYEES


         As of June 30, 2001, the Company had eight officers/senior managers,
five of whom are full time employees, and two full time employees and eight full
time independent consultants engaged in advisory, sales and technical support.



                                  RISK FACTORS

An investment in the Company involves a high degree of risk. You should consider
an investment in the Company only if you can afford to lose your entire
investment. In addition to the other information in this report, the following
risk factors should be considered carefully in evaluating an investment in our
common stock. When used in this report, the words "expect," "anticipates,"
"intends" and similar expressions are intended to identify forward-looking
statements. Such statements are subject to risks and uncertainties that could
cause actual results to differ materially from those projected. These risks and
uncertainties include, but are not limited to, those risks discussed below and
elsewhere in this report. Actual results could differ materially from those

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projected in the forward-looking statements as a result of the risk factors
discussed below and elsewhere in the report.

We are Implementing a New Business Plan

         Because we are implementing a new business plan, the Company's business
and it's prospects must be considered in light of the risks, expenses and
difficulties frequently encountered by companies in their early stages of
development. In the foreseeable future, we will be required to among other
things:

         o        continue to attract, retain and motivate qualified personnel;

         o        implement and successfully execute our business strategy;

         o        respond to competitive developments;

         o        develop and market products and services.

         There can be no assurance that we will be successful in addressing
these business requirements. We expect to incur substantial expenses related to
the development of our business, marketing activities and personnel, among other
things.

We are Uncertain Whether the Market Will Accept our Product and Service
Offerings and the Size of the Market for our Products and Services is Unknown

         There can be no assurance that our planned products and services will
attain market acceptance. In addition, we cannot guarantee that future products
and services will. Because the market for information technology and
hardware/software finance which we plan to offer is constantly changing, we are
unable to accurately estimate the commercial viability and market demand for the
range of products and services to be offered by us. We can give no assurance
that the market will in fact grow at the rates projected by us, or at all. We
will be required to invest substantial resources in developing awareness of and
confidence in our services and there can be no assurance that we will have the
resources necessary to be successful.

Our Success Depends on Recruiting Key Executives

         Our business depends on our being able to recruit technical employees
and managers.

Our Business Could be Hurt By Competition

         We will compete with services providers and other vendors. In addition,
the market for the services we propose to offer is highly competitive and
competition is expected to increase significantly. There are no effective
barriers that will prevent a potential competitor from entering the market. Many
of our competitors have greater financial, development, technical, marketing and
sales resources than we have and would have greater expertise and established
brand recognition. In addition, there can be no assurance that our competitors
will not develop products and services that are superior to our products and
services or that achieve greater market acceptance than our products and
services.

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Risk of Inaccuracy of Projections and other Forward-Looking Statements

         This report contains certain forward-looking statements, including,
among others:

         o        Our ability to execute our business strategies and generate
                  revenues from our planned operations; and

         o        Our ability to finance future growth and possible acquisitions
                  through the issuance of shares of our common stock.

         These forward-looking statements are based upon a number of assumptions
and estimates that, while considered reasonable by us when taken as a whole, are
inherently subject to significant business, economic, and competitive
uncertainties and contingencies, many of which are beyond our control, and are
based upon specific assumptions with respect to future business decisions, many
of which will change. It can be anticipated that some or all of the assumptions
underlying the projections and forward-looking statements included herein will
not materialize or will vary significantly from actual results. Accordingly, it
can be expected that actual results will vary from the projections and that such
variations, in all likelihood, will be material and are likely to increase over
time.

         In addition to the other risks described elsewhere in this Risk Factors
discussion, important factors to consider and evaluate in such forward-looking
statements include:

         o        changes in the external competitive market factors or in our
                  internal budgeting process which might impact our results of
                  operations;

         o        unanticipated working capital or other cash requirements; and

         o        changes in our business strategy or an inability to execute
                  our strategy due to unanticipated changes in our targeted
                  market.

         In light of these risks and uncertainties, many of which are described
in greater detail elsewhere in this "Risk Factors" discussion, we cannot give
assurance that the forward-looking statements contained in this report will in
fact transpire.

Limited History of Operations

         Our operations are subject to the risks and competition inherent in the
establishment of a relatively new business enterprise in a competitive field of
information technology start-up companies. There can be no assurance that future
operations will be profitable. Revenues and profits, if any, will depend upon
various factors, including market acceptance, market awareness, ability to
develop and expand a network of participating hardware and software suppliers,
dependability of our advertising and recruiting network, and general economic
conditions. There is no assurance that we will achieve our expansion goals.

Adverse Economic Conditions or a Change in General Market Patterns

         A weak economic environment could adversely affect our sales and
promotional efforts. General economic conditions impact information technology
and related commerce and demand and interest for our services may decline at any
time, especially during recessionary periods. Many factors beyond our control
may decrease overall demand for information technology services including, among

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other things, decrease in the entry costs by other similarly situated companies,
increase in the overall unemployment rate, additional government regulation.
There can be no assurance that the general market demand for information
technology services and related fields will remain the same or will not decrease
in the future.

Terrorist Attacks Such as the Attacks That Occurred in New York and Washington,
D.C., on September 11, 2001, and Other Attacks or Acts of War May Adversely
Affect the Markets in Which We Operate, Our Operations and Our Profitability

         On September 11, 2001, the United States was the target of terrorist
attacks of unprecedented scope. These attacks have caused major instability in
the U.S. and other financial markets. Leaders of the U.S. government have
announced their intention to actively pursue those behind the attacks and to
possibly initiate broader action against global terrorism. The attacks and any
response may lead to armed hostilities or to further acts of terrorism in the
United States or elsewhere, and such developments would likely cause further
instability in financial markets. In addition, armed hostilities and further
acts of terrorism may directly impact our operations located in Europe and the
Middle East, or those of our clients. Furthermore, the recent terrorist attacks
and future developments may result in reduced demand from our clients for our
services. These developments will subject our worldwide operations to increased
risks and, depending on their magnitude, could have a material adverse effect on
our business and your investment.

Competition From Larger and More Established Companies May Hamper Market Ability

         The competition in the information technology industry is intense.
Large and highly fragmented, this industry hosts a number of well-established
competitors, including national, regional and local companies possessing greater
financial, marketing, personnel and other resources than we have.

Failure to Attract Qualified Personnel

         A change in labor market conditions that either further reduces the
availability of employees or increases significantly the cost of labor could
have a material adverse effect on our proposed business, financial condition and
results of operations. Our proposed business will be dependent upon our ability
to attract and retain highly trained and qualified technical personnel and
corporate management. There is no assurance that we will be able to employ a
sufficient number of qualified training personnel in order to achieve our growth
objectives.

Issuance of Future Shares May Dilute Investor Share Value

         Our Memorandum of Association, as amended, authorizes the issuance of
50,000,000 common shares and 50,000,000 preference shares. The future issuance
of all or part of the remaining authorized common shares and/or all or part of
the preference shares may result in substantial dilution in the percentage of
our common stock held by our then existing shareholders. Moreover, any common
stock issued in the future may be valued on an arbitrary basis by us in order to
make an acquisition of an intangible asset. The issuance of our shares for
future services or acquisitions or other corporate actions may have the effect
of diluting the value of the shares held by investors, and might have an adverse
effect on any trading market, should a trading market develop for our common
stock.

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Penny Stock Regulation

         Penny stocks generally are equity securities with a price of less than
$5.00 per share other than securities registered on certain national securities
exchanges or quoted on the Nasdaq Stock Market, provided that current price and
volume information with respect to transactions in such securities is provided
by the exchange or system. Our securities may be subject to "penny stock rules"
that impose additional sales practice requirements on broker-dealers who sell
such securities to persons other than established customers and accredited
investors (generally those with assets in excess of $1,000,000 or annual income
exceeding $200,000 or $300,000 together with their spouse). For transactions
covered by these rules, the broker-dealer must make a special suitability
determination for the purchase of such securities and have received the
purchaser's written consent to the transaction prior to the purchase.
Additionally, for any transaction involving a penny stock, unless exempt, the
"penny stock rules" require the delivery, prior to the transaction, of a
disclosure schedule prescribed by the Commission relating to the penny stock
market. The broker-dealer also must disclose the commissions payable to both the
broker-dealer and the registered representative and current quotations for the
securities. Finally, monthly statements must be sent disclosing recent price
information on the limited market in penny stocks. Consequently, the "penny
stock rules" may restrict the ability of broker-dealers to sell our securities.
The foregoing required penny stock restrictions will not apply to our securities
if such securities maintain a market price of $5.00 or greater. There can be no
assurance that the price of our securities will reach or maintain such a level.

ITEM 2.  DESCRIPTION OF PROPERTY.


         The Company's principal executive office is located at 10 Queen Street,
Hamilton HM EX, Bermuda, where it's telephone number is (441) 295-3511. In
addition, Online Advisory Limited has offices at International House, Dover
Place, Ashford Kent TN23 1HU, United Kingdom and representative offices
maintained by independent agents and sales representatives in Turkey and China
(opened early April 2002).

         The Company believes its present facilities and planned representative
offices are adequate for its current and foreseeable future needs.


ITEM 3.  LEGAL PROCEEDINGS

         None.

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

         None.

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                                     PART II

ITEM 5.  MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S COMMON EQUITY
         AND RELATED STOCKHOLDER MATTERS.

         The Company's common stock trades sporadically on the OTC Bulletin
Board of the National Association of Securities Dealers, Inc. under the symbol
"GLGR". The following is the high and low bid price for the common stock for
each quarter within the last two fiscal years:

            QUARTER ENDED                  HIGH BID             LOW BID
            -------------                  --------             -------
         September 30, 1999                $17.50                $3.00

         December 31, 1999                   5.10                 1.56

         March 31, 2000                    no data               no data

         June 30, 2000                       6.25                  .63

         September 30, 2000                 18.70                  .63

         December 31, 2000                   2.50                  .63

         March 31, 2001                      1.00                  .22

         June 30, 2001                        .25                  .15



         The period prior to and including March 31, 2001 have been adjusted to
give effect to a one-for-ten reverse split, effective in January 2001. The data
represents interdealer quotations, without retail mark-up, mark-down or
commissions and, since there is no established trading market, do not reflect
actual transactions. The closing sale price of our common stock on April 16,
2002, as reported on the OTC Bulletin Board, was $.82.

         As of April 17, 2002, there were 63 holders of record of the Company's
common stock. We believe that there are in excess of 300 beneficial owners of
our shares.


DIVIDEND POLICY

         The Company has never paid dividends on its common stock. The
determination of payment of dividends in the future will be within the
discretion of the Company's Board of Directors and will depend on the earnings,
capital requirements and operating and financial condition of the Company, among
other factors.

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ITEM 6.  SELECTED FINANCIAL AND OPERATING DATA

         The following selected financial data from inception July 15, 1999
through June 30, 2001 are derived from the consolidated financial statements of
the Company and its predecessor (Online Advisory was acquired by Glengarry
Holdings on June 29, 2001 through a reverse acquisition and accordingly has been
treated as the acquirer for accounting purposes). The selected financial and
operating data represents that of Online Advisory from inception July 15, 1999
through June 29, 2001 the date of acquisition.

                                                                FROM INCEPTION
                                               YEAR ENDED      JULY 15, 1999 TO
RESULTS OF OPERATIONS                        JUNE 30, 2001      JUNE 30, 2000
---------------------                        -------------     ----------------
Revenues                                     $    32,049           $        0

Gross margin                                      11,218                    0

Operating Income (loss)                         (249,307)             (32,493)

Income (loss) from continuing operations         (59,185)            (124,118)

Earnings (loss) per common share from
  continuing operations
     Basic                                         (0.01)               (0.42)
     Diluted                                         n/a                  n/a

Dividends per common share                             0                    0


FINANCIAL POSITION

Total assets                                 $11,326,033           $3,815,156

Long term debt                                         0                    0

Shareowners' equity                            7,899,138              641,293


ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL STATEMENTS

         Management's Discussion and Analysis should be read in conjunction with
the Company's Financial Statements and Notes thereto set forth elsewhere in this
Form 10-K.

General

Glengarry Holdings, Ltd. and subsidiaries (the "Company") is engaged in the
business of marketing computer software systems and system financing on a
commission basis. In addition, it provides computer advisory services.

On June 29, 2001 the Company issued 40,455,800 shares of common stock in
exchange for all issued and outstanding shares of Online Advisory, Ltd. The
transaction was accounted for as a reverse acquisition whereby Online Advisory,
Ltd. was treated as the accounting acquirer and Glengarry Holdings, Ltd. as the

                                       13
<PAGE>

acquiree, because Online shareholders owned the majority of the Company as a
result of the merger. Accordingly, the consolidated financial statements of the
Company (the parent) are presented, as a continuation of the operations and
financial position of Online Advisory, Ltd. (the subsidiary). Online Advisory's
assets and liabilities are included in the consolidated financial statements at
their historical carrying amounts. Operating results to June 30, 2001, are those
of Online Advisory. At June 29, 2001, Glengarry Holdings had liabilities in
excess of assets of $888,238. For purposes of this acquisition the fair value of
Glengarry Holdings was based on the average share price of its common stock near
and at the date of the acquisition, which was $0.19 per share. The fair value of
Glengarry Holdings was $84,191, including $20,000 of direct costs relating to
the acquisition, is ascribed to the 337,850 previously outstanding common shares
of Glengarry Holdings deemed to be issued in the acquisition.

Results of Operations

Net Sales - Net Sales for the year ended June 30, 2001 were $32,049 and
consisted primarily of commissions earned on software sales and related
consulting services. The Company had no sales for the period ended June 30,
2000.

Cost of Sales - Cost of Sales consisted primarily of fees paid to outside sales
representatives.

Selling, General and Administrative expenses - Selling, General and
Administrative expenses were $260,525 and $32,493 for the year ended June 30,
2001 and the period ended June 30, 2000 respectively. The increase was due to
increased sales and marketing activity, and miscellaneous expenses related to
market development efforts.

Interest Income

Interest Income was $149,786 for the year ended June 30, 2001 compared to
$18,268 for the period ended June 30, 2000. Interest income for 2001 and 2000
was primarily generated from a 12-month Certificate of Deposit, which matured in
May of 2001. In 2001 the Company also earned interest on mortgage debentures
secured by real estate in the French Riviera.

Foreign Currency

Foreign Currency gains and losses are primarily the result of the Company
holding assets denominated in Euro and liabilities denominated in Japanese Yen.
For the year ended June 30, 2001 the Company had a net foreign currency gain of
$59,586 compared to a loss of $107,890 for the period ended June 30, 2000.
Foreign currency translation adjustments resulted from converting the Company's
functional currency Sterling to its reporting currency the Dollar. These
adjustments are a component of other comprehensive income. For the year ended
June 30, 2001 the Company had a translation loss of $(94,527) for the period
ended June 30, 2000 the Company had a translation gain of $17,361.

                                       14
<PAGE>

Net Loss


The Company had a net loss of $(59,185) for the year end June 30, 2001 and a net
loss of $(124,118) for the period ended from July 15, 1999 through June 30,
2000. These losses are the result of the operations of Online Advisory, Ltd.
which was acquired by Glengarry Holdings, Ltd. on June 29, 2001 in a reverse
acquisition. Under reverse acquisition accounting Online Advisory, Ltd. (the
subsidiary) has been treated as the accounting acquirer. Glengarry Holdings,
Ltd. (the parent) incurred a net loss of $(771,015) and had net income of
$111,993 for the years ended June 30, 2001 and 2000 respectively.


Liquidity and Capital Resources


Although the Company has a history of operating losses, management believes
working capital obtained through its acquisition of Online Advisory will be
sufficient to fund the Company's operations and capital requirements for the
2002 fiscal year. Management plans to keep monthly expenses at a minimal until
cash flows from operations improve.


ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


The risk in the Company's market sensitive instruments and positions is the
potential loss arising from adverse changes in foreign currency exchange rates
and interest rates as discussed below:


Foreign Exchange Risk


The Company is exposed to the effect of foreign exchange rate fluctuations in
the U.S. Dollar value of foreign currency-denominated assets and liabilities. At
June 30, 2001 and 2000 the Company's primary functional currency is Sterling.
The reporting currency is the U.S. Dollar and the Company's largest exposure
comes from the French Franc (Euro) and the Japanese Yen.

As of June 30, 2001 the Company held mortgage debentures in the amount of
48,620,250 French Francs (FRF) or 7,412,109 EUR which translates to $6,270,695.
These debentures are classified as available for sale securities. As of June 30,
2000 the Company did not hold any mortgage debentures. The result of a 10%
weakening in Sterling against the Euro from June 30, 2001 levels would result in
a decrease in operating income of approximately $630,000. The result of a 10%
weakening of the U.S. Dollar against Sterling would result in a decrease in
other comprehensive income of $630,000.

As of June 30, 2001 and 2000 the Company had loans outstanding in the amount of
400 million and 330 million Japanese Yen which translated to $3,196,290 and
$3,140,996 respectively. The result of a 10% weakening of the Dollar to the Yen
would result in a decrease to operating income of approximately $320,000 for
2002 compared to $315,000 for 2001. As of June 30, 2001 and 2000 the Company had
cash and or certificates of deposits held in Sterling (the functional currency
of the subsidiary Online Advisory Ltd.) in the amount of (pound)2,811,865 and
(pound)2,511,458 respectively which translates to $3,960,031 and $3,815,156
respectively. A 10% weakening of the Dollar to Sterling would result in a
reduction of approximately $400,000 and $380,000 to other comprehensive income
for 2002 and 2001 respectively.

                                       15
<PAGE>


For the year ending June 30, 2001 and the period ending June 30, 2000 the
Company had a net foreign currency gain (loss) of $59,586 and ($107,890)
respectively. Translation adjustments relating to the conversion of the
functional currency to the reporting currency were ($94,527) and $17,361 for
2001 and 2000 respectively. These amounts are included in the Company's
financial statements as a component of other comprehensive income.


Interest Rate Risk


At June 30, 2001 the Company held mortgage debentures in the amount of
48,281,123 French Francs (FRF) which translates to $6,270,695. The mortgage
debentures accrue interest at a fixed rate of 5% per annum (which the Company
determines to be the market rate as of June 30, 2001) and mature in January of
2009. These debentures are considered available for sale securities. An increase
in interest rates would result in a reduced market value and a carrying value
for these debentures. A reduction in the value would be reported as a reduction
to other comprehensive income. An increase in the fair market interest rate from
5% to 8% during the year ending June 30, 2002 would result in a valuation
adjustment of approximately $1,130,000. If these debentures were held at June
30, 2002 this adjustment would be reflected as a decrease to other comprehensive
income. If sold, the Company's net income would be reduced by approximately
$1,130,000.

At June 30, 2001 and 2000 the Company had short term borrowings denominated in
Japanese Yen of 400 million and 330 million respectively, which translates to
$3,196,290 and $3,140,996. Both loans had fixed interest rates of 1.5% and .75%
respectively. Due to the term of these borrowings and the fixed rate of interest
the Company did not consider market interest rate fluctuations to pose a
significant risk to earnings in relation to these borrowings.


ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

         See financial statements annexed hereto.

ITEM 9.  CHANGES IN AND DISAGREEMENT WITH ACCOUNTANTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

         None.

                                       16
<PAGE>

                          INDEPENDENT AUDITORS' REPORT



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


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
the year  ended  June 30,  2001  and the  period  from  July 15,  1999  (date of
inception)  through June 30, 2000. 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 its
operations  and cash flows for the year ended June 30,  2001 and the period from
July 15, 1999 through June 30, 2000 in  conformity  with  accounting  principles
generally accepted in the United States of America.


/s/ Beckman, Kirkland & Whitney

Agoura Hills, California
April 4, 2002

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


                                                              June 30, 2001                  June 30, 2000
                                                         ------------------------       ------------------------
<S>                                                      <C>                            <C>
ASSETS

Current assets
     Cash                                                $               439,251        $                17,406
     Restricted cash (Note 5)                                          3,520,780                              -
     Certificate of deposit (Note 5)                                           -                      3,797,750
     Accounts receivable - trade                                          18,112                              -
     Interest receivable                                                  16,108                              -
                                                         -----------------------        -----------------------
          Total current assets                                         3,994,251                      3,815,156

Property and equipment, net (Notes 1& 3)                                  88,658                              -

Other assets
     Mortgage debentures receivable (Note 4)                           6,270,695                              -
     Goodwill                                                            972,429                              -
                                                         -----------------------        -----------------------

         Total assets                                    $            11,326,033        $             3,815,156
                                                         =======================        =======================

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities
     Accounts payable                                    $               222,155        $                30,959
     Accrued expenses                                                      8,450                          1,908
     Notes and loans payable (Note 5)                                  3,196,290                      3,140,996
                                                         -----------------------        -----------------------

         Total liabilities                                             3,426,895                      3,173,863
                                                         -----------------------        -----------------------

Commitment and contingencies (Note 9)

SHAREHOLDERS' EQUITY
     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 3,560,357
       shares issued and outstanding at June 30, 2000.                 2,039,682                        178,017
     Additional paid-in capital                                        6,119,925                        570,033
     Accumulated deficit                                                (183,303)                      (124,118)
     Cumulative foreign currency translation adjustment                  (77,166)                        17,361
                                                         -----------------------        -----------------------
         Total shareholders' equity                                    7,899,138                        641,293
                                                         -----------------------        -----------------------

         Total liabilities and shareholders' equity      $            11,326,033        $             3,815,156
                                                         =======================        =======================
</TABLE>
                 See accompanying notes to financial statements

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

                                                                                            Period from July 15, 1999
                                                                   Year ended                (date of inception) to
                                                                 June 30, 2001                   June 30, 2000
                                                            -------------------------       -------------------------
<S>                                                         <C>                             <C>
Gross receipts                                              $                 32,049        $                      -
    Less: returns and allowances                                                   -                               -
                                                            ------------------------        ------------------------

Net sales                                                                     32,049                               -

Cost of sales                                                                 20,831                               -
                                                            ------------------------        ------------------------

        Gross profit                                                          11,218                               -

Selling, general and administrative expenses                                 260,525                          32,493
                                                            ------------------------        ------------------------

    Income (loss) from operations                                           (249,307)                        (32,493)

Other income and (expenses)
   Interest income                                                           149,786                          18,268
   Interest expense                                                          (19,250)                         (2,003)
   Foreign currency gain (loss)                                               59,586                        (107,890)
                                                            ------------------------        ------------------------

   Income (loss) before income taxes                                         (59,185)                       (124,118)

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

        Net income (loss)                                                    (59,185)                       (124,118)

Other comprehensive income (loss):

   Foreign currency translation adjustments                                  (94,527)                         17,361
                                                            ------------------------        ------------------------

        Comprehensive income (loss)                         $               (153,712)       $               (106,757)
                                                            ========================        ========================

Income (loss) per share amounts:
   Basic:
        Net income (loss) from continuing operations        $                  (0.01)       $                  (0.42)
                                                            ========================        ========================
   Diluted:
        Net income (loss) from continuing operations                             n/a                             n/a
                                                            ========================        ========================

Weighted average shares outstanding
   Basic                                                                   4,117,164                         297,289
                                                            ========================        ========================

   Diluted                                                                       n/a                             n/a
                                                            ========================        ========================
</TABLE>
                 See accompanying notes to financial statements

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

                                                                                                   Period from July 15, 1999
                                                                           Year ended               (date of inception) to
                                                                         June 30, 2001                   June 30, 2000
                                                                    -------------------------      --------------------------
<S>                                                                 <C>                            <C>
OPERATING ACTIVITIES:
Net loss                                                            $                (59,185)      $                (124,118)
Adjustments to reconcile net income to net cash
   provided by operating activities:
   Depreciation & amortization                                                        12,066                               -
   Foreign currency adjustment                                                       142,318                               -
   (Increase) Decrease in accounts receivable                                        (18,112)                              -
   (Increase) Decrease in interest receivable                                        (16,108)                              -
   Increase (Decrease) in accounts payable                                           191,196                          30,959
   Increase (Decrease) in accrued expenses                                             6,542                           1,908
                                                                    ------------------------       -------------------------

    Net cash provided (used) in operating activities                                 258,717                         (91,251)
                                                                    ------------------------       -------------------------

INVESTING ACTIVITIES:
   Maturity (Purchase) of Certificate of deposit                                   3,797,750                      (3,797,750)
   Purchase of mortgage debentures                                                  (645,557)                              -
   Purchase of furniture, fixtures & equipment                                      (100,724)                              -
                                                                    ------------------------       -------------------------

    Net cash provided (used) in investing activities                               3,051,469                      (3,797,750)
                                                                    ------------------------       -------------------------

FINANCING ACTIVITIES:
   Proceeds from issuance of common stock                                          4,774,922                         748,050
   Repayment of short-term debt assumed through acquisition of GGH                  (906,960)                              -
   Repayment of short-term debt                                                   (3,140,996)                      3,140,996
                                                                    ------------------------       -------------------------

    Net cash provided by financing activities                                        726,966                       3,889,046
                                                                    ------------------------       -------------------------

Effect of exchange rates on cash and cash equivalents                                (94,527)                         17,361
                                                                    ------------------------       -------------------------

Net increase in cash and cash equivalents                                          3,942,625                          17,406

Cash and cash equivalents at beginning of year                                        17,406                               -
                                                                    ------------------------       -------------------------

Cash and cash equivalents at end of year                            $              3,960,031       $                  17,406
                                                                    ========================       =========================

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
    Interest expense paid during the period was:                    $                 19,250       $                   2,003
    Income taxes paid during the period was:                                               -                               -

SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:
    Mortgage debentures received from issuance of common stock      $              5,782,674       $                       -
    Liabilities assumed relating to issuance of stock                             (3,210,230)                              -
                                                                    ------------------------       -------------------------
    Net non-cash consideration for issuance of common stock         $              2,572,444       $                       -
                                                                    =========================      ==========================
   Fair market value of liabilities in excess of asset
      for acquired business                                         $                888,236       $                       -
</TABLE>
                 See accompanying notes to financials statements

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

                                                                                                     Accumulated
                                                                       Additional                       Other
                                               Common Stock             Paid-In       Accumulated   Comprehensive
                                          Shares         Amount         Capital         Deficit         Income         Total
                                         ----------    -----------    -----------     ----------      ---------     -----------
<S>                                      <C>           <C>            <C>             <C>             <C>           <C>
July 15, 1999 (date of inception)                 -    $         -    $         -     $        -      $       -     $         -

Shares issued                             3,560,357        178,017        570,033                                       748,050

Net loss for period                                                                     (124,118)                      (124,118)

Foreign currency translation adjustment                                                                  17,361          17,361
                                         ----------    -----------    -----------     ----------      ---------     -----------

Balance at June 30, 2000                  3,560,357    $   178,017    $   570,033     $ (124,118)     $  17,361     $   641,293
                                         ==========    ===========    ===========     ==========      =========     ===========

Shares issued                            36,895,443      1,844,772      5,502,594                                     7,347,366

Net loss for period                                                                      (59,185)                       (59,185)

Foreign currency translation adjustment                                                                 (94,527)        (94,527)

Restatement in connection with reverse
  acquisition of GGH and Online             337,850         16,893         47,298                                        64,191
                                         ----------    -----------    -----------     ----------      ---------     -----------

Balance at June 30, 2001                 40,793,650    $ 2,039,682    $ 6,119,925     $ (183,303)     $ (77,166)    $ 7,899,138
                                         ==========    ===========    ===========     ==========      =========     ===========
</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. (the Company) a Bermuda Corporation 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  (US)  Limited  was
subsequently sold for nominal consideration.

On June 29,  2001 the  Company  issued  40,455,800  shares  of  common  stock in
exchange  for all issued and  outstanding  shares of Online  Advisory,  Ltd. The
transaction was accounted for as a reverse  acquisition whereby Online Advisory,
Ltd. was treated as the accounting acquirer and Glengarry Holdings,  Ltd. as the
acquiree,  because  Online  shareholders  owned the majority of the Company as a
result of the merger. Accordingly,  the consolidated financial statements of the
Company (the parent) are  presented,  as a  continuation  of the  operations and
financial  position  of  Online  Advisory,  Ltd.  (the  subsidiary).   Glengarry
Holdings, Ltd. and its subsidiaries (the Company) is engaged in selling computer
software systems,  and system financing on a commission  basis. In addition,  it
provides computer advisory services.

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.

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.

Cash Equivalents

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

                                      F-6
<PAGE>

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


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

Goodwill

Goodwill was generated from the acquisition of Online Advisory,  Ltd., which was
accounted for as a reverse  acquisition.  Goodwill has been recorded at cost and
will be amortized on a  straight-line  basis over ten years.  In determining the
estimated useful lives, management considered the nature,  competitive position,
life cycle  position,  and  expected  future  operating  income of the  acquired
company,  as well as the Company's  commitment  to support the acquired  Company
through   continued   investment  in  operational   improvements.   The  Company
continually  reviews whether  subsequent events and circumstances  have occurred
that  indicate  the  remaining  estimated  useful life of  goodwill  may warrant
revision  or that the  remaining  balance of  goodwill  should be  adjusted  for
impairment.  Effective  July 1, 2002 and for any future  acquisitions  commenced
prior to July 1, 2002 the Company will account for goodwill in  accordance  with
FASB 142, under  statement 142 goodwill is no longer  amortized  instead,  it is
tested at least annually for impairment.

Revenue Recognition

Revenue from software system sales and related financing services are recognized
at the time  commissions  from the related  sales are  received.  Revenues  from
advisory services are recognized when the services are performed.

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 were made to conform prior years' data to the current
presentation.  Historical  share and  earning  per share  disclosures  have been
adjusted to reflect the 7.121 shares of Glengarry  Holdings,  Ltd.  common stock
("Exchange  Ratio") that Online Advisory,  Ltd.  shareholders  received for each
share of Online  Advisory,  Ltd.  common  stock  upon the  merger  of  Glengarry
Holdings, Ltd. and Online Advisory, Ltd. (see Note 2).

                                      F-7
<PAGE>

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


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.

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 summarizes the calculation of basic and diluted earnings per
share:
<TABLE>
<CAPTION>
                                                                            Period from
                                                                           July 15, 1999
                                                                        (date of inception)
                                                       June 30, 2001     to June 30, 2000
                                                     ----------------   -------------------
<S>                                                  <C>                  <C>
Numerator:
   Basic and diluted earnings per share -- net
   income (loss)                                     $    (59,185)        $   (124,118)

Denominator:
   Basic earnings per share -- weighted average
   number of common share outstanding during
   the period                                           4,117,164               297,289

Incremental common shares attributable to
   assumed exercise of options and warrants                n/a                 n/a

Denominator for diluted earnings per share                 n/a                 n/a

Basic earnings per share                             $    (0.01)          $    (0.42)

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

                                      F-8
<PAGE>

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


NOTE 2 - MERGERS AND ACQUISITIONS

Acquisition of Online Advisory Services

On June 29,  2001  Glengarry  Holdings,  Ltd.  acquired  all of the  issued  and
outstanding shares of Online Advisory, Ltd. The transaction was accounted for as
a  reverse  acquisition  whereby  Online  Advisory,  Ltd.  was  treated  as  the
accounting  acquirer and Glengarry Holdings,  Ltd. as the acquiree,  because the
Online  shareholders  owned a majority of the Company as of the merger date. The
Online  Advisory,  Ltd.  shareholders  received  40,455,800  shares of Glengarry
Holdings, Ltd. in exchange for 5,681,428 shares of Online Advisory,  Ltd., which
represented  all  of  the  outstanding  stock  of  Online  Advisory,  Ltd.  This
acquisition was accounted for under the purchase method of accounting.

The fair market value of Glengarry Holdings, Ltd. was based on the average share
price of its common stock near and at the date of the merger, which was 19 cents
per share.  The  valuation of  Glengarry  Holdings,  Ltd. was $84,191  including
$20,000  of  direct  costs  related  to  the  acquisition.  At the  date  of the
acquisition  Glengarry  Holdings,  Ltd. had  liabilities  in excess of assets of
$888,238 resulting in goodwill of $972,429.

NOTE 3 - PROPERTY, PLANT AND EQUIPMENT

Property, Plant and Equipment consist of the following at:

                                           June 30, 2001       June 30, 2000
                                          ----------------    ---------------

Furniture and Fixtures                    $     60,991        $        -
Computer Equipment                              39,733                 -
  less: Accumulated Depreciation               (12,066)                -
                                          ----------------    ---------------
                                          $     88,658        $        -
                                          ================    ===============

Depreciation  expense  charged to  operations  was $12,066,  and $0 for the year
ended June 30, 2001, and the period ended June 30, 2000 respectively.

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 5% per annum
and are payable in French  Francs;  they mature in January 2009.  The debentures
are considered  available- for-sale securities.  The cost basis and market value
of  these  debentures  was  $6,270,695  as of  June  30,  2001;  accordingly  no
unrealized gains or losses have been recorded in other  Comprehensive  income or
stockholders  equity.  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  (Y)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 June  2002.  This  loan is  secured  by
$3,520,780 of cash deposits and the mortgage debentures discussed in Note 4.

At June 30, 2000 the Company had a loan payable in the amount of  (Y)330,000,000
Japanese Yen which  translated to $3,140,996  U.S.  dollars as of that date. The
loan  accrued  interest  at .75% per annum and was paid off in May of 2001.  The
loan was  secured by a 1 year fixed GBP  Sterling  Deposit of  (pound)2,500,000,
which translated to $3,797,750 U.S. dollars as of June 30, 2000. Under the terms
of the loan if the  security  fell to 115% of the loan  amount,  the company was
responsible  for  restoring  the margin to a minimum of 125% of the loan  amount
with cash or  securities  acceptable to the lender within 5 working days. If the
margin fell to 105%, the lender would immediately convert the currency borrowing
to Sterling pounds (the same currency in which the security is being held).

NOTE 6 - INCOME TAXES

There is no current or  deferred  income tax expense for the year ended June 30,
2001,  and the period  ended June 30,  2000.  The  operations  reported in these
financial  statements  represent the historical  operations of Online  Advisory,
Ltd. a British  subsidiary of Glengarry  Holdings,  Ltd. a Bermuda  Corporation.
Online is subject to tax in  England.  Glengarry  Holdings,  Ltd.  and its other
subsidiary Glengarry Software Solutions, Ltd. conduct 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
$37,000 with a valuation  allowance of $37,000.  As of June 30, 2001 the Company
had  recorded a deferred  tax asset of $55,000  with a  valuation  allowance  of
$55,000.

The following  reconciles the federal statutory income tax rate to the effective
rate of the provision for income taxes.
                                                Year Ended        Period Ended
                                               June 30, 2001      June 30, 2000
                                             -----------------   ---------------

Federal statutory rate                             34.0%              34.0%
Adjustment for business conducted in
   foreign jurisdictions                           (4.0)              (4.0)
Valuation allowance adjustment                    (30.0)             (30.0)
                                             -----------------   ---------------
Effective tax rate                                  0.0%               0.0%
                                             =================   ===============

                                      F-10
<PAGE>

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


NOTE 7 - RELATED PARTY TRANSACTIONS

Victor Hardt was a director of Online  Advisory,  Ltd.  until June 19, 2001. Mr.
Hardt was also a consultant  for Eastwell  Financial  Services Ltd.  Online paid
Eastwell  $277,728 and $35,076 for management  fees,  consulting  services,  and
expense  reimbursements  for the year ended June 30,  2001 and the period  ended
June 30, 2000  respectively.  Online  recorded  sales of $32,049 to Eastwell for
services provided and commissions.

NOTE 8 - SHAREHOLDERS' EQUITY

Prior to the  reverse  acquisition  of Online  Advisory,  Ltd.  the  Company had
outstanding  options and warrants.  These options and warrants were not affected
by the merger.  The changes in options and  warrants  reflect  that of Glengarry
Holdings, Ltd. and not Online Advisory, Ltd. which has no outstanding options or
warrants.

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 beginning 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 - $25.00

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

                                                          2001                   2000                  1999
                                                   ------------------    -------------------    ------------------
<S>                                                <C>                   <C>                   <C>
  Outstanding at beginning of year                        6,700                 38,387                20,520
  Granted                                                   -                     -                   25,050
  Exercised                                                 -                     -                   (6,983)
  Expired                                                (2,500)               (12,387)                 (200)
  Cancelled                                                 -                  (19,300)                  -
                                                   ------------------    -------------------    ------------------
  Outstanding at end of year                              4,200                  6,700                 38,387
                                                   ==================    ===================    ==================
</TABLE>

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.

                                      F-11
<PAGE>

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


NOTE 8 - SHAREHOLDERS' EQUITY (Continued)

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  would be the same as net income as
reported  since no options or  warrants  were issued for the year ended June 30,
2001 and the period ended June 30, 2000.

NOTE 9 - COMMITMENTS AND CONTINGENCIES

Subsequent  to year-end the Company  commenced a cancelable  operating  lease in
August  2001 for its  administrative  offices.  Under the terms of the lease the
Company is entitled to terminate  the lease by giving the landlord  three months
notice at anytime after six months from the  commencement  of the lease.  Future
minimum  lease  payments  under  this  lease for the years  ended June 30 are as
follows:

                         Non-cancelable
                         --------------
                            2002                 $     35,843
                         Cancelable
                         ----------
                            2002                        3,983
                            2003                       47,971
                            2004                       47,791
                            2005                        7,965

NOTE 10 - 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  is 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 25% to
30% of the fair market  value of the property  and are not  subordinated  to any
other debts or liens.

                                      F-12

<PAGE>

                                    PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT.


         Our Board of Directors consist of five directors divided into three
classes serving staggered three-year terms. The directors and executive officers
of the Company as of April 17, 2002 are as follows:


   Name                  Age  Position                            Term Expires
   ----                  ---  --------                            ------------
   David Caney           47   President and Director                    2004
   William Bolland       50   Vice President and Director               2003

   Jacqueline Antin      54   Chief Financial Officer and Director      2002
   Roderick M. Forrest   35   Director (Chairman of the Board)          2003
   Robert J. Mason       38   Director                                  2003


   Glyn Williams         45   Managing Director (executive officer)
                              of Online Advisory Limited

All officers are appointed by and serve at the direction of the Board of
Directors. There are no family relationships among any of our directors or
officers.

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"). He continued in these positions through the
Company's Bermuda redomestication merger (the "Redomestication") in February
2001. 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.


                                       17
<PAGE>


William Bolland was appointed Vice President and Director of the Company
concurrently with the Company's Redomestication in February 2001 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 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.

Jacqueline Antin was appointed as a director, Chief Financial Officer and
Secretary of Endless Youth on November 2, 2000. She continued in these positions
through the Company's Redomestication in February 2001. 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 in February 2001. 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 in February 2001 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.


Glyn Williams was appointed Managing Director (an executive officer, but not a
member of the Board of Directors) 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.


                                       18
<PAGE>

Section 16(a) Beneficial Ownership Compliance


We are a "foreign private issuer" as defined under Rule 3b-4 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and as a foreign private
issuer are exempt from the rules under the Exchange Act requiring 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.


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 or Online
Advisory 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-

Victor Hardt(4)            2000    $   -0-       -0-             -0-             $  35,076(5)
Former Managing Director   2001    $   -0-       -0-             -0-             $ 277,728(5)
and CEO
---------
</TABLE>
(1) Includes consulting payments in lieu of salary.

(2) Assumed office of President and CEO of our predecessor, Endless Youth, on
November 2, 2000.

(3) Assumed office of President and CEO of our predecessor, Endless Youth, on
June 1, 2000 and resigned as CEO November 2, 2000.

(4) Former Director and CEO of Online Advisory. Resigned from such positions on
June 14, 2001 and continues to provide administrative services to Online
Advisory.

(5) Paid to Eastwell Financial Services Ltd. for the consulting services of Mr.
Hardt. See Item 13 "Certain Relationships and Related Transactions."

         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 or
Online as executive officers whose compensation exceeded $100,000 for services
rendered to the Company or Online in all such capacities during the year ended
June 30, 2001.

                                       19
<PAGE>

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
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's predecessor, Endless Youth, 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.

                                       20
<PAGE>

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.

Employment Agreements and Change-in-Control Arrangements


         None


Stock Performance Graph


         The following graph shows a comparison of cumulative total returns on
the common stock of the Company from March 31, 1998 ( the first month the
Company's shares traded in the OTC-BB) through June 30, 2001 with the cumulative
total return on the NASDAQ Market Index and the cumulative total return on a
group of Miscellaneous Business Services Index (SIC Code 738) compiled by Media
General Financial Services (the "Peer Group"). The Company did not pay any
dividends during this period.

         The graph assumes an investment of $100 in each of the Company, the
NASDAQ Market Index and the Peer Group on March 31, 1998. The comparison also
assumes that all dividends are reinvested.


                                       21
<PAGE>

                              3/31/98   6/30/98   6/30/99   6/30/00    6/30/01

GLENGARRY HOLDINGS LIMITED     100.00    200.00    200.00     25.00      15.20
SIC CODE INDEX                 100.00     79.73     79.26     71.90      37.10
NASDAQ MARKET INDEX            100.00    102.58    143.76    216.31     119.78


         The comparisons in this table are required by the Securities and
Exchange Commission and are not intended to forecast or be indicative of
possible future performance of the Company's Common Stock. The stock price
performance graph shall not be deemed to be incorporated into any filing under
the Securities Act or the Exchange Act, notwithstanding any general statement
contained in any such filing incorporating this proxy statement by reference,
except to the extent that the Company specifically incorporates this information
by reference.


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 April 17, 2002, except as
otherwise indicated.


                                       22
<PAGE>

NAME  OF                            AMOUNT AND NATURE OF           PERCENT OF
BENEFICIAL OWNER                 BENEFICIAL OWNERSHIP (1)           CLASS (1)
-------------------             --------------------------         ------------
David Caney                                  -0-                        0%
William Bolland                              -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.


         Victor Hardt was a director of Online Advisory, Ltd. until June 19,
2001 and was also a consultant to Eastwell Financial Services Ltd. Online
Advisory paid Eastwell Financial Services Ltd. $277,728 and $35,076 for
management fees, consulting services, and expense reimbursements for the year
ended June 30, 2001 and the period ended June 30, 2000, respectively. During the
year ended June 30, 2001, Eastwell paid Online $32,049 in commissions. Mr. Hardt
has no equity interest in Eastwell Financial Services Ltd. and was retained by
Eastwell Financial Services Ltd. as a consultant.

         Other than as set forth above under the heading "Executive
Compensation", there were no other 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.


                                       23
<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. (5)

10.7        Form of Bearer Debentures owned by the Registrant and issued by
            Oakland Finance Limited (5)

                                       24
<PAGE>

11.1        Statement re: calculation of per-share earnings. (See Note 1 to the
            Consolidated Financial Statements) (5)

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.

(5)         Filed as an exhibit to the Registrants Amended Form 10-K filed
            November 13, 2001.

         (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.

                                       25
<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 report to be signed
on its behalf by the undersigned thereunto duly authorized.


Dated:  April 30, 2002               GLENGARRY HOLDINGS LIMITED


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



                                       26
<PAGE>