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UNITED STATES

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 September 30, 2006

[ ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No. 000-31671

GLOBALWISE INVESTMENTS, INC.

(Exact name of small business issuer as specified in its charter)


NEVADA	87-0613716
(State of incorporation)	(I.R.S. Employer Identification Number)

2157 S. Lincoln Street, Salt Lake City, Utah 84106

(Address of principal executive offices)

(801) 323-2395

(Issuer’s telephone number)

Check whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the issuer 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 whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No [ ]

As of October 26, 2006, Globalwise Investments, Inc. had 802,000 common shares outstanding.

Transitional small business disclosure format: Yes [ ] No [X]

TABLE OF CONTENTS

PART I: FINANCIAL INFORMATION

Item 1. Financial Statements

Item 2. Management’s Discussion and Analysis or Plan of Operation

Item 3. Controls and Procedures

PART II: OTHER INFORMATION

Item 6. Exhibits

Signatures

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The financial information set forth below with respect to our statements of operations for the three and nine month periods ended September 30, 2006 and 2005 is unaudited. This financial information, in the opinion of management, includes all adjustments consisting of normal recurring entries necessary for the fair presentation of such data. The results of operations for the nine month period ended September 30, 2006, are not necessarily indicative of results to be expected for any subsequent period.

Globalwise Investments, Inc.

(A Development Stage Company)

Financial Statements

September 30, 2006


		Globalwise Investments, Inc.
		(A Development Stage Company)
		Balance Sheets


			ASSETS
				September 30	December 31
				2006	2005
				(Unaudited)

CURRENT ASSETS

Cash				$ 4,914	$ 3,201
Total Current Assets				4,914	3,201

TOTAL ASSETS				$ 4,914	$ 3,201


	LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES

Accounts Payable - Related parties				$ 30,995	$ 30,995
Accounts Payable - Other				250	-
Advance Payable				10,000	10,000
Accrued Expenses				160	-
Loan Payable				8,000	-
Total Current Liabilities				49,405	40,995

Total Liabilities				49,405	40,995

STOCKHOLDERS' EQUITY

Common Stock, $.001 par value; 50,000,000 shares
authorized; 802,000 shares issued and
outstanding				802	802

Additional paid in Capital				27,542	27,542

Deficit Accumulated During the Development Stage				(72,835)	(66,138)

Total Stockholders' Equity (deficit)				(44,491)	(37,794)

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY				$ 4,914	$ 3,201

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


	Globalwise Investments, Inc.
	(A Development Stage Company)
	Statements of Operations
		(Unaudited)


		For the three months	For the three months	For the nine months	For the nine months	From Inception on
		ended Sept. 30,	ended Sept. 30,	ended Sept. 30,	ended Sept. 30,	October 3, 1997
		2006	2005	2006	2005	to Sept. 30, 2006

REVENUES		$ -	$ -	$ -	$ -	$ -

EXPENSES
General & Administrative		2,898	2,157	6,537	3,811	72,675

TOTAL EXPENSES		2,898	2,157	6,537	3,811	72,675

Net Operating Income (Loss)		(2,898)	(2,157)	(6,537)	(3,811)	(72,675)

OTHER INCOME (EXPENSE)
Interest Expense		(160)	-	(160)	-	(160)

INCOME FROM CONTINUING
OPERATIONS AND BEFORE
TAXES		(3,058)	(2,157)	(6,697)	(3,811)	(72,835)

TAXES		-	-	-	-	-

NET INCOME (LOSS)		$ (3,058)	$ (2,157)	$ (6,697)	$ (3,811)	$ (72,835)

NET LOSS PER SHARE		$ -	$ -	$ (0.01)	$ -	$ (0.10)

WEIGHTED AVERAGE SHARES
OUTSTANDING		802,000	802,000	802,000	802,000	728,743

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


	Globalwise Investments, Inc.
	(A Development Stage Company)
	Statement of Cash Flows
	(Unaudited)
				From Inception on
		For the six months ended		October 3, 1997
		September 30,		Through
		2006	2005	September 30, 006
Cash Flows from Operating Activities
Net Loss		$ (6,697)	$ (3,811)	$ (72,835)
Adjustment to reconcile net (loss) to cash provided
(used) by operating activities:
Capital contributions - expenses		-	-	6,550
Changes in assets and liabilities:
Increase in inventory		-	-	(21,744)
Increase in Accounts Payable & Accrued Expenses		410	(185)	32,004

Net Cash Provided (Used) by Operating Activities		(6,287)	(3,996)	(56,025)

Cash Flows from Investing Activities
Purchase of equipment		-	-	(20,530)
Loss of cash in spin-off		-	-	(1,531)

Net Cash Provided (Used) by Investing Activities		-	-	(22,061)

Cash Flows from Financing Activities
Proceeds from stock issuance		-	-	65,000
Cash advance by unrelated company		-	5,000	10,000
Loan Proceeds		8,000	-	8,000

Net Cash Provided (Used) by Financing Activities		8,000	5,000	83,000

Increase (Decrease) in Cash		1,713	1,004	4,914
Cash and Cash Equivalents at Beginning of Period		3,201	3,081	-

Cash and Cash Equivalents at End of Period		$ 4,914	$ 4,085	$ 4,914

Supplemental Cash Flow Information:

Stock issued for services		$ -	$ -	$ -
Cash Paid For:
Interest		$ -	$ -	$ -
Income Taxes		$ -	$ -	$ -

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

Globalwise Investments, Inc.

(A Development Stage Company)

Notes to the Financial Statements

September 30, 2006

GENERAL

Globalwise Investments, Inc. (the Company) has elected to omit substantially all footnotes to the financial statements for the nine months ended September 30, 2006, since there have been no material changes (other than indicated in other footnotes) to the information previously reported by the Company in their Annual Report filed on the Form 10-KSB for the twelve months ended December 31, 2005.

UNAUDITED INFORMATION

The information furnished herein was taken from the books and records of the Company without audit. However, such information reflects all adjustments which are, in the opinion of management, necessary to properly reflect the results of the interim period presented. The information presented is not necessarily indicative of the results from operations expected for the full fiscal year.

NOTE PAYABLE

During the prior quarter the Company received a loan of $8,000 from an unrelated party. On August 15, 2006 the terms of the loan were finalized which included an interest rate of 8% per annum and a maturity date of May 25, 2007. The loan is unsecured. As of September 30, 2006 there was accrued interest on the loan of $160.

In this report references to “Globalwise,” “we,” “us,” and “our” refer to Globalwise Investments, Inc.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

The Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions. This report contains these types of statements. Words such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “project,” or “continue” or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward- -looking statements.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

We are a shell company and during the next twelve months our management intends to actively seek an operating company to acquire or merge with which may provide operating revenue. Based on current economic and regulatory conditions, management believes that it is possible, if not probable, for a company like ours, without many assets or liabilities, to negotiate a merger or acquisition with a viable private company. The opportunity arises principally because of the high legal and accounting fees and the length of time associated with the process of “going public.” However, should a merger or acquisition prove unsuccessful, it is possible that we may decide not to pursue further acquisition activities and management may abandon its activities and our shares would become worthless.

As of the date of this filing, we have not identified any assets or business opportunities for acquisition. Potential investors must recognize that because of limited capital available for investigation of business opportunities and management’s limited experience in business analysis, we may not discover or adequately evaluate adverse facts about any business opportunity to be acquired. All risks inherent in new and inexperienced enterprises are inherent in our plan.

It is emphasized that our management may effect transactions having a potentially adverse impact upon our shareholders pursuant to the authority and discretion of our management to complete acquisitions without submitting any proposal to the stockholders for their consideration.

As of September 30, 2006 we had $4,914 cash on hand and total current liabilities of $49,405. The majority of our operating expenses are related to our reporting obligations under the Exchange Act. These expenses include legal, accounting and professional services and costs required to prepare and file our reports with the SEC. We are unable to pay cash for these services and will need to raise additional funds during the next twelve months.

Historically, we have relied on related and third parties to pay for costs on our behalf; however, in the 2006 second quarter we secured a loan of $8,000. We intend to use any cash to fund our operations for the short term, but will likely continue to rely on related parties to pay for costs on our behalf when we have insufficient cash. We may repay our debt with cash, if available, or may convert the debt into common stock.

ITEM 3. CONTROLS AND PROCEDURES

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized and reported within the periods specified in the rules and forms of the SEC. This information is accumulated and communicated to our executive officers to allow timely decisions regarding required disclosure. Our President, who acts in the capacity of principal executive officer and principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, he concluded that our disclosure controls and procedures were effective.

Also, he determined that there were no changes made in our internal controls over financial reporting during the third quarter of 2006 that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 6. EXHIBITS

Part I Exhibits

31.1

Principal Executive Officer Certification

31.2

Principal Financial Officer Certification

32.1

Section 1350 Certification

Part II Exhibits

3.1

Articles of Incorporation, as amended (Incorporated by reference to exhibit 3.1 of Form 10-QSB, filed October 11, 2001)

3.2

Bylaws of Globalwise (Incorporated by reference to exhibit 3.3 of Form 10-SB, filed October 2, 2000.)

SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

GLOBALWISE INVESTMENTS, INC.

Date: November 8, 2006

By: /s/ Donald R. Mayer

Donald R. Mayer

President, Principal Executive Officer

Principal Financial Officer, and Director