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                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549


                                 FORM 10-QSB


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

      For the quarterly period ended   December 31, 2000
                                       -----------------

                                     OR

[ ]   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  1-13588
                                               -------

                           THE WIDECOM GROUP INC.
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           (Exact Name of Registrant as specified in Its Charter)

        ONTARIO, CANADA                            98-0139939
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(State or Other Jurisdiction of       (I.R.S. Employer Identification No.)
Incorporation or Organization)

37 GEORGE STREET NORTH, SUITE 103, BRAMPTON, ONTARIO, CANADA        L6X 1R5
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(Address of principal executive offices)                         (Zip Code)

Registrant's Telephone Number, Including Area Code (905) 712-0505
                                                   --------------

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             Former Name, Former Address and Former Fiscal Year,
                        If Changed Since Last Report.

      Indicate by check X 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 periods 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
                                -----     -----

      The number of shares outstanding of registrant's common stock as of
February 18, 2001 was 2,633,585 shares.

<PAGE> 1 of 9


                           THE WIDECOM GROUP INC.
                                 FORM 10-QSB
                                    INDEX

                                                                    Page No.
                                                                    --------

Part I Financial Information

Item 1 - Financial Statements

         Consolidated Balance Sheets -
         December 31, 2000 and December 31, 1999                       3

         Consolidated Statements of Operations -
         Three and Nine months ended December 31, 2000
         and December 31, 1999                                         4

         Consolidated Statements of Cash Flows -
         Three and Nine months ended December 31, 2000
         and December 31, 1999                                         5


         Notes to Consolidated Financial Statements                  6-7

Item 2 - Management's Discussion and Analysis of
         Financial Condition and Results of Operations               7-8

Part II  Other Information

         None.

Signatures                                                             9

<PAGE> 2 of 9


PART I FINANCIAL INFORMATION

                           THE WIDECOM GROUP INC.
                         CONSOLIDATED BALANCE SHEET
                         (in United States dollars)

<TABLE>
<CAPTION>

                                                     December 31,
                                              ---------------------------
                                                  2000           1999
                                                  ----           ----
                                               (unaudited)    (unaudited)

<S>                                           <C>            <C>
Assets

Current assets
  Cash and cash equivalents                   $     55,373   $     40,269
  Accounts receivable                              669,614        743,467
  Deferred financing charges                        19,799         54,083
  Prepaid expenses                                   4,933         77,612
  Advance(s) to related parties                    341,780        201,541
  Inventory (Note 3)                               794,296      1,398,449
                                              ---------------------------
Total current assets                             1,885,795      2,515,421

Capital assets (Note 4)                          1,046,281      1,362,322

Research and development technology                 25,217         57,401

Investment in affiliates                           134,652        368,537
                                              ---------------------------

Total assets                                  $  3,091,945   $  4,303,681
                                              ===========================

Liabilities and Shareholders' Equity

Current liabilities
  Bank indebtedness                                206,525        260,404
  Accounts payable and accrued liabilities         523,075        675,411
  Loan(s) from related parties                     569,393        287,998
  Convertible debentures (Note 5)                  193,318        350,000
                                              ---------------------------
Total current liabilities                     $  1,492,311   $  1,573,813
                                              ---------------------------

Shareholders' equity

  Common shares                               $ 14,703,589   $ 14,501,808
  Contributed surplus                              159,825        159,825
  Deficit                                      (12,654,955)   (11,447,306)
  Cumulative translation adjustment               (608,825)      (484,459)
                                              ---------------------------
                                                 1,599,634      2,729,868
                                              ---------------------------
Total liabilities and shareholders' equity    $  3,091,945   $  4,303,681
                                              ===========================

</TABLE>

See accompanying notes to the consolidated financial statements.

<PAGE> 3 of 9


                           THE WIDECOM GROUP INC.
                    CONSOLIDATED STATEMENTS OF OPERATIONS
                         (in United States dollars)

<TABLE>
<CAPTION>
                                 For the Three    For the Three    For the Nine    For the Nine
                                 Months ended     Months ended     Months ended    Months ended
                                 December 31,     December 31,     December 31,    December 31,
                                     2000             1999             2000            1999
                                  (unaudited)      (unaudited)      (unaudited)     (unaudited)
                                 ---------------------------------------------------------------

<S>                               <C>              <C>              <C>             <C>
Product sales                     $   499,903      $   684,840      $ 1,392,269     $ 2,073,185
Cost of product sales                 119,273          171,116          315,110         473,958
                                  -------------------------------------------------------------
Gross profit                          380,630          513,724        1,077,159       1,599,227
R & D grants                                -                -                -               -
Interest income                         1,004              122            2,133           3,965
                                 --------------------------------------------------------------
Net revenue                           381,634          513,846        1,079,292       1,603,192
                                 --------------------------------------------------------------

Expenses
Selling, general and
Administrative                        224,650          500,290          764,650       1,485,168
Interest and bank charges               9,239           19,738           29,988          52,905
Management fees and salaries           84,325           67,992          187,493         207,980
Amortization                           63,488           73,359          188,263         221,460
Foreign exchange loss                 (52,988)               -          (75,819)              -
Research & Development                  7,980                -           55,635               -
Finance Fees                            5,050                -           17,575               -
                                 --------------------------------------------------------------
Total operating expenses              341,744          661,379        1,167,785       1,967,513
                                 --------------------------------------------------------------

Operating profit (loss)                39,890         (147,533)         (88,493)       (364,321)
                                 --------------------------------------------------------------

Equity in (loss) of affiliate         (38,468)         (60,999)        (190,334)       (190,650)
                                 --------------------------------------------------------------
Earnings (loss) before
extraordinary item                      1,423         (208,532)        (278,826)       (554,971)
                                 --------------------------------------------------------------
Net earnings (loss)
for the period                          1,423      $  (208,532)     $  (278,826)    $  (554,971)
                                 ==============================================================
Gain (Loss) per common share
before extraordinary item,
basic and diluted                $       0.00      $     (0.09)     $     (0.11)    $     (0.24)
                                 ==============================================================

Loss per common share,
basic and diluted                $       0.00      $     (0.09)     $     (0.11)    $     (0.24)
                                 ==============================================================
Weighted average number
of shares outstanding               2,443,730        2,438,326        2,443,730       2,293,790
                                 ==============================================================

</TABLE>

See accompanying notes to the consolidated financial statements.

<PAGE> 4 of 9

                           THE WIDECOM GROUP INC.
                    CONSOLIDATED STATEMENTS OF CASH FLOWS
                         (in United States dollars)

<TABLE>
<CAPTION>

                                                      For the nine months ended
                                                    ----------------------------
                                                    December 31,    December 31,
                                                        2000            1999
                                                    ------------    ------------
                                                    (Unaudited)     (Unaudited)

<S>                                                  <C>            <C>
Cash provided by (used in)
 Operating activities
Loss for the period before
 extraordinary item                                  $(278,826)     $  (554,971)
Add (deduct) items not requiring a cash outlay
  Amortization                                         188,263          221,460
  Shares issued to settle lawsuits                           -          197,150
  Foreign exchange loss                                (75,819)               -
  Equity in loss of affiliate                          190,334          190,650
Net changes in non-cash working capital balances
 related to operations
  (Increase) in accounts receivable                   (104,893)        (173,847)
  Decrease in inventory                                 85,095         (265,006)
  Increase (decrease) in accounts payable and
   accrued liabilities                                (257,026)        (656,248)
  Increase (decrease) in prepaid expenses               13,932           35,298
Advances to Related Parties                           (105,324)               -
                                                     --------------------------
                                                      (344,264)      (1,005,514)
                                                     --------------------------

Investing activities
  Purchase of capital assets                               843          (66,336)
                                                     --------------------------
                                                           843          (66,336)
                                                     --------------------------

Financing activities
  Increase (decrease) in bank indebtedness              33,134          (10,976)
  Shares issued for cash                                     -          754,289
  Loan from related parties                            199,947          235,550
  Convertible debentures                                     -           15,000
                                                     --------------------------
                                                       233,081          993,863
                                                     --------------------------

Effect of exchange rate changes on cash                154,400          (37,938)
                                                     --------------------------

Net increase (decrease) in cash during
 the period                                             44,059         (115,925)

Cash and equivalents, beginning of period               11,314          156,194
                                                     --------------------------

Cash and equivalents, end of period                  $  55,373           40,269
                                                     ==========================

</TABLE>

See accompanying notes to the consolidated financial statements.

<PAGE> 5 of 9

                           THE WIDECOM GROUP INC.

Item 1.          NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1.    Presentation of Interim Information

In the opinion of Management, the accompanying unaudited financial
statements include all normal adjustments necessary to present fairly the
financial position at December 31, 2000, and the results of operations for
the three months ended December 31, 2000 and 1999, and cash flows for the
nine months ended December 31, 2000. Interim results are not necessarily
indicative of results for full year.

The condensed consolidated financial statements and notes are presented as
permitted by Form 10QSB and do not contain certain information included in
Widecom's audited consolidated financial statements and notes for the fiscal
year March 31, 2000.

2     Financial Statements

The consolidated financial statements include the accounts of Widecom and
its wholly owned subsidiaries. All significant inter-company balances,
transactions and stockholdings have been eliminated.

3.    Inventories

Inventories are summarized as follows:-

<TABLE>
<CAPTION>

                            December     December
                            31, 2000     31, 1999
                            --------     --------

      <S>                  <C>          <C>
      Raw materials        $555,142        781,029
      Work in progress       44,900        190,384
      Finished goods        194,254        427,036
                           -----------------------
      Total inventories    $794,296     $1,398,449
                           =======================

</TABLE>

4.    Capital Assets

Capital assets consist of:

<TABLE>
<CAPTION>

                               December 31, 2000             December 31, 1999
                          --------------------------    --------------------------
                                        Accumulated                   Accumulated
                             Cost       Amortization       Cost       Amortization
                             ----       ------------       ----       ------------

<S>                       <C>            <C>            <C>            <C>
Machinery, plant and
 Computer equipment       $1,926,865     $1,430,542     $1,972,208     $1,289,609
Furniture and fixtures       102,020         87,156        111,107         63,801
Prototype and jigs           291,156        175,906        297,525        156,475
Land                          56,608              -         57,846              -
Building under-
 construction                363,236              -        433,521              -
                          -------------------------------------------------------
                          $2,739,885     $1,693,604     $2,872,207     $1,509,885
                          =======================================================

Net book value                           $1,046,281                    $1,362,322
                                         ==========                    ==========

</TABLE>

<PAGE> 6 of 9


5.    Loans from Related Parties

During the course of the last fiscal year, Widecom's management and related
consulting companies declined receipt of regularly scheduled compensation to
be treated as non-interest bearing loans from those parties in order to
assist Widecom's daily cash flow position and overall liquidity during the
period. Widecom has chosen to accrue this aggregate indebtedness of $569,393
in this fiscal third quarter.

Widecom initiated a private placement for its wholly owned subsidiary,
PosterNetwork.com. As at December 31, 2000, $82,480 in net proceeds had
been received and is included in Loans from Related Parties pending minimum
subscription under the offering.

6.    Convertible Debentures

During the spring of 1999, Widecom completed a private offering of ten
$30,000 units each one comprising 10,000 shares and $20,000 dollars in
convertible notes.  The total amount of the offering comprised 100,000
shares and $200,000 in convertible debentures with interest payable
quarterly at 12% per annum. The common shares have all been issued.

In May of 1997, Widecom completed a financing of $250,000 through Global
Bermuda via convertible debentures. All of the five $50,000 units have been
converted in common shares of Widecom.  In an agreement dated December 22,
1999, the final three units, inclusive of accrued interest, were exchanged
for 21,310 of Widecom's common shares that are subject to transfer
restrictions of 1,500 shares weekly.

7.    Share Capital

As above, in May of 1997, Widecom completed a financing of $250,000 through
Global Bermuda via convertible debentures. All of the five $50,000 units
have now been converted in common shares of Widecom.  In an agreement dated
December 22, 1999, the final three units, inclusive of accrued interest,
were exchanged for 21,310 of Widecom's common shares that are subject to
transfer restrictions of a maximum 1,500 shares weekly.

As above, during the spring of 1999, Widecom completed a private offering of
ten $30,000 units each one comprising 10,000 shares and $20,000 dollars in
convertible notes.  The total amount of the offering comprised 100,000
shares and $200,000 in convertible debentures with interest payable
quarterly at 12% per annum. The common shares have all been issued.  2,190
shares were also issued to one of the placement underwriters on an exercise
of a placement warrant just after that quarter end.

In January, 2001, as a subsequent event, Widecom issued 50,600 shares to
Societe Innovatech du Grand Montreal in exchange for its then existing share
in Technologies Novimage.  Widecom had previously replaced Societe Innovatech
with a new partner, M.S. Judge Systems.

8.    Contingent Liabilities

In December 1996, two individuals filed a lawsuit seeking 60,000 shares and
40,000 warrants. This action has been formally dismissed. An additional
three (3) shareholders have also commenced related litigation, alleging
purchase of our securities from the two previously noted individuals, who
are named as co-defendants.  We have filed and received default judgments on
our cross-claims against the two individuals co-defendants.  The total
number of shares of common stock claimed under these suits is less than
45,000.

A Statement of Claim was filed against Widecom in 1998 for breach of sales
and royalty agreement and breach of trademark and copyright issues in the
amount of approximately $15.85 million. Widecom believes it has a good and
meritorious defense to this claim.

Loss, if any, on the above-mentioned claims will be recorded when settlement
is probable and the amount of any such settlement is estimable.


<PAGE> 7 of 9


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

Widecom's revenues are derived from product sales, which are recognized when
products are shipped.

While Widecom's has received government grants in the past, it does not meet
the required pre-qualification for such grants subsequent to conducting its
public offering. In consideration of this fact, Widecom has shifted its
research and development to an affiliated joint venture based in Montreal,
Canada.

Results of Operations
Quarter Ended December 31, 2000 Compared to Quarter Ended December 31,1999

Sales for the quarter ended December 31, 2000 were $499,903, a decrease of
$184,777 as compared to $684,840 for the quarter ended December 31,
1999.  Net Revenues for the quarter ended December 31, 2000 were $381,634, a
decrease of $132,212 as compared to $513,846 for the quarter ended
December 31, 1999. Widecom was unable to take advantage of on-hand
orders for our 72" color scanner due to unforeseen completion and
delivery difficulties. Revenue also declined due to delays in printer
delivery related to ongoing improvements in our paper and ribbon loading
mechanisms.

Operating expenses for the quarter ended December 31, 2000 were $341,744, a
decrease of $319,635, or 48%, as compared to $661,379 for the quarter ended
December 31, 1999.  Selling, general and administrative expenses for the
quarter ended December 31, 2000 were $224,650, decreased by $275,640, or 55%
versus the same period in the previous fiscal year. Widecom also continues to
incur legal, administration, and other related costs associated with its
initial public offering and its warrant call.

Widecom's share of the loss incurred by the research and development
consortium (3294340 Canada Inc.) that had been formed on the second of
October 1996, for the quarter ended December 31, 2000, amounted to $38,468
as compared to $60,999 for the quarter ended December 31, 1999.


Liquidity and Capital Resources
Widecom's primary cash requirements have been to fund research and
development activities, acquisition of equipment and inventories and to
meeting operations expenses incurred in connection with the
commercialization of its products. Widecom meets its working capital
requirements principally through the issuance of debt and equity securities,
government sponsored research and development grants and reimbursement and
cash flow from operations.

Widecom's cash requirements in connection with the manufacture and marketing
of its products has been and will continue to be significant. Widecom does
not presently have any material commitments for any additional capital
expenditures. Widecom believes, based on its currently proposed plans and
assumptions, that its contemplated cash requirements for the foreseeable
future will be met. In the event that Widecom's plan or assumptions change,
or prove to be incorrect, or if the projected cash flows otherwise prove to be
insufficient to fund operations (due to unanticipated expenses, delay,
problems or otherwise), Widecom may be required to seek additional financing.
There can be no assurance that any additional financing will be available to
Widecom if needed on commercially reasonable terms, or at all.

<PAGE> 8 of 9


PART II:  OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS.
          -See Contingent Liabilities.

ITEM 2.   CHANGES IN SECURITIES.
          No material change.

ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
          None.

ITEM 5.   OTHER INFORMATION.
          None.

ITEM 6.   REPORTS ON FORM 8-K and EXHIBITS
          None

                                 SIGNATURES

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

                                       THE WIDECOM GROUP INC.


February 20, 2001                      /s/Suneet S. Tuli
-----------------                      ---------------------------
Date                                      Suneet S. Tuli,
                                          Executive Vice President


February 20, 2001                      /s/Raja S. Tuli
-----------------                      ---------------------------
Date                                      President, C.E.O


<PAGE> 9 of 9