SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                ------------------------------------------------

                                    Form 10-Q


                Quarterly Report Pursuant to Section 13 or 15(d)
                     Of the Securities Exchange Act of 1934

For the Quarterly Period Ended                     Commission File No. 000-26611
December 31, 2001

                           GLENGARRY HOLDINGS LIMITED
             (Exact name of Registrant as specified in its Charter)

                Bermuda                                  N/A
   ------------------------------------ --------------------------------------
         (State or jurisdiction of                  (IRS Employer
       incorporation of organization)             Identification No.)


P.O. Box HM 1154, 10 Queen Street, Hamilton, Bermuda               HMEX
------------------------------------------------------           ---------
(Address of Principal Executive Office)                          (Zip Code)

Registrant's telephone number, including area code:           (441) 295-3511
-----------------------------------------------------

Former name, former address and former fiscal year
if changed since last report:   N/A
--------------------------------------------------------------------------------

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 a 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 ( )

As of February 1, 2002 there were 40,793,650 shares of Common Stock Outstanding

<PAGE>

                         Part I - FINANCIAL INFORMATION


Item 1:   Financial Statements
<TABLE>
<CAPTION>
                                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                                                 BALANCE SHEETS
                                                   (UNAUDITED)


                                                                    December 31,                           June 30,
                                                                        2001                                 2001
                                                                 ------------------                   ------------------
                          ASSETS
<S>                                                              <C>                                  <C>
CURRENT ASSETS
     Cash                                                        $        3,509,465                   $          439,251
     Restricted cash                                                                                           3,520,780
     Accounts receivable - trade                                                189                               18,112
     Interest receivable                                                                                          16,108
                                                                 ------------------                   ------------------
          TOTAL CURRENT ASSETS                                            3,509,654                            3,994,251

PROPERTY AND EQUIPMENT
     net of accumulated depreciation (Notes 1 & 2)                          111,297                               88,658
                                                                 ------------------                   ------------------

OTHER ASSETS
     Mortgage loans & debentures receivable                               7,032,358                            6,270,695
                                                                 ------------------                   ------------------

          TOTAL ASSETS                                           $       10,653,309                   $       10,353,604
                                                                 ==================                   ==================


                      LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES
     Accounts payable                                            $           14,605                   $          222,155
                                                                 ------------------                   ------------------
     Notes and loans payable                                              3,072,159                            3,196,290
     Accrued expenses                                                                                              8,450
                                                                 ------------------                   ------------------
         TOTAL LIABILITIES                                                3,086,764                            3,426,895



SHAREHOLDERS' EQUITY (DEFICIT)
     Preferred stock, $.005 par value, authorized
       50,000,000 shares; no shares issued and
       outstanding at December 31, 2001 and June 30, 2001
     Common stock, $.05 par value, authorized 50,000,000
       shares; 40,793,650 shares issued and outstanding
       at December 31, 2001, and 40,793,650 shares
       issued and outstanding at June 30, 2001.                           2,039,682                            2,039,682
    Additional paid-in capital                                            7,321,929                            7,321,929
    Accumulated deficit                                                  (2,017,316)                          (2,434,902)
    Accumulated other comprehensive income:
    Cumulative foreign currency translation adjustments                     222,250
                                                                 ------------------                   ------------------
    Total shareholders' Equity (Deficit)                                  7,566,545                            6,926,709
                                                                 ------------------                   ------------------

        TOTAL LIABILITIES AND
        SHAREHOLDER'S EQUITY (DEFICIT)                           $       10,653,309                   $       10,353,604
                                                                 ==================                   ==================

                                      See accompanying notes to financials statements
</TABLE>
                                                              2
<PAGE>
<TABLE>
<CAPTION>
                                            GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                                                    STATEMENTS OF OPERATIONS
                                                          (UNAUDITED)

                                                         For the three months ended               For the six months ended
                                                                December 31,                            December 31,
                                                          2001                2000                2001               2000
                                                       ----------           ---------          ----------          ---------
<S>                                                    <C>                  <C>                <C>                 <C>
Revenues                                               $  531,382           $       -          $  995,837          $  36,720

Cost of revenues                                          124,837                   -             235,542                  -
                                                       ----------           ---------          ----------          ---------
        Gross profit                                      406,545                   -             760,295             36,720

Selling, general and administrative
  expenses                                                227,173             314,384             477,489            341,826
                                                       ----------           ---------          ----------          ---------
    Income (loss) from operations                         179,372            (314,384)            282,806           (305,106)

Other income and (expenses)                                                         -                                      -
   Interest income                                        166,775                                 235,175
   Interest expense                                           (82)             (1,829)            (42,392)            (1,844)
   Foreign currency gain (loss)                            97,876                                 (58,003)
                                                       ----------           ---------          ----------          ---------

   Income (loss) before income taxes                      443,941            (316,213)            417,586           (306,950)

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


Net income (loss)                                      $  443,941           $(316,213)         $  417,586          $(306,950)
                                                       ==========           =========          ==========          =========

Income (loss) per share amounts:
   Basic:
       Net income (loss)                               $     0.01           $   (0.10)         $     0.01          $   (0.09)
   Diluted:
       Net income (loss)                               $     0.01              N/A             $     0.01              N/A
   Weighted average common and
     common equivalent shares:
       Basic                                           40,793,650           3,306,878          40,793,650          3,306,878
                                                       ==========           =========          ==========          =========
       Diluted                                         40,793,650           3,306,878          40,793,650          3,306,878
                                                       ==========           =========          ==========          =========

<CAPTION>
                                            STATEMENT OF COMPREHENSIVE INCOME

                                                         For the three months ended               For the six months ended
                                                                December 31,                            December 31,
                                                          2001                2000                2001               2000
                                                       ----------           ---------          ----------          ---------
<S>                                                    <C>                  <C>                <C>                 <C>
Net income(loss)                                        $ 443,941          $ (316,213)          $ 417,586         $ (306,950)

Other comprehensive income:
    Currency translation adjustment                       (12,599)                  -             222,250                  -
                                                        ---------          ----------           ---------         ----------

Comprehensive income(loss)                              $ 431,342          $ (316,213)          $ 639,836         $ (306,950)
                                                        =========          ==========           =========         ==========

                                           See accompanying notes to financials statements
</TABLE>
                                                                   3
<PAGE>
<TABLE>
<CAPTION>
                                            GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                                               STATEMENTS OF SHAREHOLDERS' EQUITY
                                                          (UNAUDITED)


                                                                   Additional        Accumu-         Cumulative           Net
                                 Common Stock                        paid in          lated          Translation     Shareholders'
                                    Shares           Amount          Capital         Deficit         Adjustment         Deficit
                                ----------------  --------------  --------------  ---------------  ----------------  --------------
<S>                                  <C>            <C>             <C>             <C>                  <C>           <C>
Balance at June 30, 2001             40,793,650     $ 2,039,682     $ 7,321,929     $ (2,434,902)        $       -     $ 6,926,709
                                     ----------     -----------     -----------     ------------         ---------     -----------
Net Income for Period                                                                    417,586                           417,586

Foreign Currency Translation                                                                               222,250         222,250
                                     ----------     -----------     -----------     ------------         ---------     -----------

Balance at December 31, 2001         40,793,650     $ 2,039,682     $ 7,321,929     $ (2,017,316)        $ 222,250     $ 7,566,545
                                     ==========     ===========     ===========     ============         =========     ===========


                                           See accompanying notes to financials statements
</TABLE>
                                                                 4
<PAGE>
<TABLE>
<CAPTION>
                                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                                            STATEMENTS OF CASH FLOWS
                                                  (UNAUDITED)

                                                                                For the six months ended December 31,
                                                                                    2001                    2000
                                                                              ----------------         ---------------
<S>                                                                           <C>                      <C>
CASH FLOWS FROM  OPERATING ACTIVITIES:
NET INCOME (LOSS)                                                             $        417,586         $      (306,950)

Adjustments to reconcile net income to net cash provided
 by operating activities:
   Depreciation & amortization                                                          12,435
   (Increase) in mortgage debentures receivable                                       (481,180)
   (Increase) Decrease in accounts receivable                                           17,922
   (Increase) Decrease in interest receivable                                           16,108
   (Increase) Decrease in other receivable                                                                     (10,000)
   Increase (Decrease) in accounts payable                                            (207,550)                316,950
   Increase (Decrease) in accrued expenses                                              (8,450)
                                                                              ----------------         ---------------

    NET CASH USED IN OPERATING ACTIVITIES                                             (233,129)                      -
                                                                              ----------------         ---------------

CASH FLOWS FROM INVESTING ACTIVITIES
   Purchases of furniture, fixtures & equipment                                        (35,073)
   Purchase of mortgage note receivable                                               (280,483)
                                                                              ----------------         ---------------

   NET CASH PROVIDED BY (USED FOR)
     INVESTING ACTIVITIES                                                             (315,556)                      -
                                                                              ----------------         ---------------

CASH FLOW FROM FINANCING ACTIVITIES
    Increase (Decrease) in loans payable                                              (124,131)                      -
                                                                              ----------------         ---------------

   NET CASH PROVIDED BY (USED FOR)
     FINANCING ACTIVITIES                                                             (124,131)                      -
                                                                              ----------------         ---------------

EFFECT OF EXCHANGE RATE CHANGES ON CASH                                                222,250

NET CHANGE IN CASH                                                                    (450,566)

CASH AT BEGINNING OF YEAR                                                            3,960,031                     165
                                                                              ----------------         ---------------

CASH AT END OF YEAR                                                           $      3,509,465         $           165
                                                                              ================         ===============

Supplemental Cash Flow Information:
    Interest expense paid during the period was:                              $         42,392         $         1,844

                                       See accompanying notes to financials statements
</TABLE>
                                                               5
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                    NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                       DECEMBER 31, 2001 AND JUNE 30, 2001


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company

Glengarry Holdings Ltd. a Bermuda Company was incorporated in November of 2000.
In February 2001 Endless Youth Products, Inc., (the historical issuer) was
merged into EYPI Merger Corp., a Nevada Subsidiary of Glengarry Holdings Ltd.
The shareholders of Endless Youth Products Inc. became shareholders of Glengarry
Holdings Ltd. EYPI Merger Corp. was dissolved, Endless Youth Products Inc.
became a wholly owned subsidiary of Glengarry Holdings Ltd. and the name of
Endless Youth Products Inc. was changed to Glengarry Holdings (US) Limited and
this Company was subsequently sold in June 2001. Glengarry Holdings Ltd. and its
subsidiaries (The Company) is engaged in selling computer software systems,
system financing and 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. Certain prior year amounts have been
reclassified to conform to the current year presentation.

Foreign Subsidiaries

The local foreign currency is the functional currency for Online Advisory, Ltd.
Assets and liabilities are translated into U.S. dollars at the rate of exchange
existing at year-end. Translation gains and losses are included as a component
of shareholders' equity. Transaction gains and losses are included in the
statement of operations.

Cash Equivalents

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

Depreciation and Amortization

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

                  Furniture and Fixtures         7 years
                  Computer Equipment             5 years

Revenue Recognition

Revenue from commissions on software sales and financing is recognized when
received. Revenue from advisory services is recognized on signing of contract
and receipt of deposit.

                                       6
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                    NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                       DECEMBER 31, 2001 AND JUNE 30, 2001


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

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.

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.


NOTE 2- PROPERTY, PLANT AND EQUIPMENT

Property, Plant and Equipment consist of the following at:

                                        December 31,           June 30,
                                            2001                 2001
                                            ----                 ----

Furniture and Fixtures                $        70,683      $        35,609
Computer Equipment                    $        55,138      $        55,138
   less: Accumulated Depreciation     $       (14,524)     $        (2,089)
                                      ----------------     ----------------
                                      $       111,297      $        88,658
                                      ================     ================


Depreciation expense charged to operations was $12,435, for the six months ended
December 31, 2001 and $2,089 for the year ended June 30, 2001.


NOTE 3 - NOTES AND LOANS PAYABLE

At December 31, 2001 the Company had a loan payable in the amount of JPY
402,882,878 Japanese Yen which translates to $3,072,159 U.S. dollars. This loan
accrues interest at 1.5% per annum and is due in June 2002.

                                       7
<PAGE>

                    GLENGARRY HOLDINGS, LTD. AND SUBSIDIARIES
                    NOTES TO FINANCIAL STATEMENTS (UNAUDITED)
                       DECEMBER 31, 2001 AND JUNE 30, 2001


NOTE 4 - INCOME TAXES

There is no current or deferred income tax expense for the six months ended
December 31, 2001 and December 31, 2000. The Company currently conducts its
business activities in Bermuda, a non-taxable foreign jurisdiction.

SFAS 109 requires that the future tax benefit of net operating loss
carryforwards be recorded as an asset using current tax rates to the extent that
management assesses the utilization of such carryforwards to be more likely than
not.

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

                                          December 31, 2001    December 31, 2000
                                          -----------------    -----------------
Federal Statuatory rate                         34  %                34  %
Adjustment for business conducted in
  nontaxable foreign jurisdiction              (34) %
Valuation allowance adjustment                   0  %               (34) %
                                           --------------      --------------
Effective rate                                   0  %                 0  %
                                           ==============      ===============

                                       8
<PAGE>

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

Management's discussion and analysis should be read in conjunction with the
Company's financial statement and the notes thereto set forth in this Form 10-Q.

General

Glengarry Holdings, Ltd. And subsidiaries, (the "Company") engages in the
business of selling commercial finance and computer hardware and software
systems, for which it receives an agency commission. The Company also provides
IT and advisory services. The following discussion is based on the financial
statements for the six months ending December 31, 2001 and 2000. The financial
statements have been prepared in conformity with accounting principles generally
accepted in the United States.

Results of Operations

Revenues. Revenues for the six months ended December 31, 2001 increased by
$959,117 or 2612% compared to the six months ended December 31, 2000. Revenues
for the three months ended December 31, 2001 were $531,382. There were no
revenues for the three months ended December 31, 2000. Revenues for the six
months ended December 2001 primarily consisted of commissions generated from
software sales and related financing and system consulting services. The
increase in sales is the result of the Company's continued development since 29
June 2001.

Selling, General and Administrative Expenses. Selling, general and
administrative expenses increased by $135,663 during the six months ended
December 31, 2001 compared to the six months ended December 31, 2000. Selling,
general and administrative expenses decreased by $87,211 for the three months
ended December 31, 2001 compared to December 31, 2000. This overall increase was
due to increased sales and marketing activity, and miscellaneous non-recurring
expenses related to the Company's expansion into new facilities. The decrease
for the three-month period was a result of a decrease in non-recurring expense
relating to the implementation of the Company's current business strategy. The
Company's management continues to pursue cost reduction measures consistent with
the level of business wherever opportunities can be identified.

Liquidity and Capital Resources

Although the Company has a history of operating losses, management believes
working capital obtained through its recent acquisitions will be sufficient to
fund the Company's operations and capital requirements for the 2002 fiscal year.
As the Company continues to shape its strategy there is a focus on liquidity to
ensure business aims can be swiftly implemented.

Forward Looking Statements

This report on Form 10-Q contains certain 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. These forward-looking
statements relate to matters such as the Company's future operation results and
liquidity. Such forward-looking statements are based on the beliefs of the

                                       9
<PAGE>

Company's management as well as assumptions made by and information currently
available to the Company's management. Such statements are based on management's
current expectations and are subject to certain risks, uncertainties and
assumptions. Should one or more risks or uncertainties materialize, or should
underlying assumptions prove incorrect, the Company's actual results,
performance or achievements could differ materially from those expressed in, or
implied by such forward-looking statements.

                                       10
<PAGE>

                           PART II - OTHER INFORMATION


Item 6:  Exhibits and Reports on Form 8-K

           (a)    The following exhibits are filed as part of this report:

                  None

           (b)    Reports on Form 8-K

                  None

                                       11
<PAGE>

                                   SIGNATURES


         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


Dated:   February 6, 2002                   GLENGARRY HOLDINGS LIMITED



                                             By:   /s/ Jacqueline Antin
                                                 -------------------------
                                                   Jacqueline Antin, CFO

                                       12