UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB



[X]      QUARTERLY  REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
         ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2003


[ ]      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: 000-49616

                           Global Yacht Services, Inc.
                           ---------------------------
        (Exact name of small business issuer as specified in its charter)

           Nevada                                       88-0488686
           ------                                       ----------
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
incorporation or organization)

       7710 Hazard Center Drive, Suite E-415, San Diego, California, 92108
--------------------------------------------------------------------------------
                    (Address of principal executive offices)


                                  619.990.0976
--------------------------------------------------------------------------------
                           (Issuer's Telephone Number)



                      APPLICABLE ONLY TO CORPORATE ISSUERS


State the number of shares outstanding of each of the issuer's classes of common
equity,  as of the latest  practical  date. As of November 14, 2003,  there were
1,917,277  shares of the  issuer's  $.001  par value  common  stock  issued  and
outstanding.


                                       1


                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                           GLOBAL YACHT SERVICES, INC.


                        CONSOLIDATED FINANCIAL STATEMENTS

                           SEPTEMBER 30, 2003 AND 2002





                           GLOBAL YACHT SERVICES, INC.


                                    CONTENTS


                                                           PAGE
                                                           ----
Consolidated Financial Statements (Unaudited)

     Consolidated Balance Sheet                              1

     Consolidated Statements of Operations                   2

     Consolidated Statements of Cash Flows                   3

     Notes to Consolidated Financial Statements              4








                           GLOBAL YACHT SERVICES, INC.

                           CONSOLIDATED BALANCE SHEET

                               SEPTEMBER 30, 2003

                                   (UNAUDITED)


                                     ASSETS

CURRENT ASSETS
   Cash                                                         $  62,646
   Accounts receivable, net                                         3,043
                                                                ---------

     Total current assets                                          65,689

DEPOSITS                                                            2,460
                                                                ---------

     Total assets                                               $  68,149
                                                                =========



                      LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
   Accounts payable and accrued expenses                        $   4,752
                                                                ---------

     Total current liabilities                                      4,752

CONTINGENCIES

STOCKHOLDERS' EQUITY
   Common stock, $.001 par value;
     Authorized shares -- 50,000,000
     Issued and outstanding shares-- 1,917,277                      1,917
   Additional paid-in capital                                     191,568
   Accumulated deficit                                           (130,088)
                                                                ---------

     Total stockholders' equity                                    63,397
                                                                ---------

       Total liabilities and stockholders' equity               $  68,149
                                                                =========


          See accompanying notes to consolidated financial statements.



                                       1


                           GLOBAL YACHT SERVICES, INC.

                      CONSOLIDATED STATEMENTS OF OPERATIONS

             THREE AND NINE MONHS ENDED SEPTEMBER 30, 2003 AND 2002

                                   (UNAUDITED)



                                      THREE MONTHS ENDED SEPTEMBER 30,    NINE MONTHS ENDED SEPTEMBER 30,
                                       -----------------------------       -----------------------------
                                           2003              2002              2003              2002
                                       -----------       -----------       -----------       -----------
REVENUES
                                                                                 
   Charter services                    $        --       $     9,250       $        --       $    11,930
   Yacht management fees                    12,606             7,491            23,386            16,506
   Sales commissions                            --                --                --            25,000
                                       -----------       -----------       -----------       -----------

       Net revenues                         12,606            16,741            23,386            53,436

COST OF REVENUES
   Charter expenses                             --             1,405             3,000             5,472
   Yacht management expenses                 9,022             2,218            10,015             8,418
                                       -----------       -----------       -----------       -----------

       Total cost of revenues                9,022             3,623            13,015            13,890
                                       -----------       -----------       -----------       -----------

GROSS MARGIN                                 3,584            13,118            10,371            39,546

OPERATING EXPENSES
   Legal and professional fees               8,660            22,644            26,281            48,185
   Occupancy                                   585               585             1,755             1,755
   Office supplies and expense               2,460               609             3,401             2,365
   Outside services                             --             1,500             1,500             4,500
   Telephone and utilities                   1,341               390             1,807             1,267
                                       -----------       -----------       -----------       -----------

         Total operating expenses           13,046            25,728            34,744            58,072
                                       -----------       -----------       -----------       -----------

LOSS FROM OPERATIONS                        (9,462)          (12,610)          (24,373)          (18,526)

OTHER INCOME                                    --                --                --                 4
                                       -----------       -----------       -----------       -----------

LOSS BEFORE PROVISION FOR
  INCOME TAXES                              (9,462)          (12,610)          (24,373)          (18,522)

PROVISION (BENEFIT) FOR INCOME
  TAXES                                         --                --               800               800
                                       -----------       -----------       -----------       -----------

NET LOSS                               $    (9,462)      $   (12,610)      $   (25,173)      $   (19,322)
                                       ===========       ===========       ===========       ===========

NET LOSS PER COMMON SHARE -
  BASIC AND DILUTED                    $        --       $     (0.01)      $     (0.01)      $        --
                                       ===========       ===========       ===========       ===========

WEIGHTED AVERAGE OF COMMON
  SHARES - BASIC AND DILUTED             1,917,277         1,917,277         1,917,277         1,615,000
                                       ===========       ===========       ===========       ===========


          See accompanying notes to consolidated financial statements.


                                       2




                           GLOBAL YACHT SERVICES, INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                  NINE MONTHS ENDED SEPTEMBER 30, 2003 AND 2002

                                   (UNAUDITED)




                                                                              SEPTEMBER 30,
                                                                        -------------------------
                                                                           2003            2002
                                                                        ---------       ---------
CASH FLOWS FROM OPERATING ACTIVITIES
                                                                                  
   Net loss                                                             $ (25,173)      $ (19,322)
   Adjustments to reconcile net loss to net cash used in operating
     activities
       Occupancy costs contributed by officer                               1,755           1,755
       Changes in operating assets and liabilities
         Increase in accounts receivable                                   (3,043)             --
         Increase in deposits                                              (2,460)             --
         (Decrease) increase in accounts payable
           and accrued expenses                                            (5,682)          1,336
                                                                        ---------       ---------

           Net cash used in operating activities                          (34,603)        (16,231)
                                                                        ---------       ---------

CASH FLOWS FROM INVESTING ACTIVITIES
   Investment in yacht                                                         --         (25,000)
                                                                        ---------       ---------

           Net cash used in investing activities                               --         (25,000)
                                                                        ---------       ---------

CASH FLOWS FROM FINANCING ACTIVITIES
   Proceeds from issuance of common stock                                      --         126,900
                                                                        ---------       ---------

           Net cash provided by financing activities                           --         126,900
                                                                        ---------       ---------

NET (DECREASE) INCREASE IN CASH AND CASH
  EQUIVALENTS                                                             (34,603)         85,669

CASH AND CASH EQUIVALENTS, beginning of period                             97,249          26,127
                                                                        ---------       ---------

CASH AND CASH EQUIVALENTS, end of period                                $  62,646       $ 111,796
                                                                        =========       =========


SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
   Income taxes paid                                                    $     800       $     800
                                                                        =========       =========
   Interest paid                                                        $      --       $      --
                                                                        =========       =========


          See accompanying notes to consolidated financial statements.


                                       3



                           GLOBAL YACHT SERVICES, INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                           SEPTEMBER 30, 2003 AND 2002

                                   (UNAUDITED)


NOTE 1 - PRINCIPLES OF CONSOLIDATION AND BASIS OF PRESENTATION

The  accompanying   unaudited  consolidated  financial  statements  include  the
accounts of the Global Yacht Services,  Inc. and its majority owned  subsidiary,
Global Yacht Services, Ltd. All significant intercompany  transactions have been
eliminated,  if any. The unaudited  consolidated  financial  statements included
herein have been  prepared in  accordance  with  generally  accepted  accounting
principles for interim  financial  information and with the instructions to Form
10-QSB and Item 301(b) of Regulation S-B.  Accordingly,  they do not include all
of the  information  and  footnotes  required by generally  accepted  accounting
principles for complete financial statements. In the opinion of management,  all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation  have been included.  Operating results for the three and nine
months ended September 30, 2003 and 2002 are not  necessarily  indicative of the
results  that may be expected  for the years ended  December  31, 2003 and 2002.
These statements  should be read in conjunction with the consolidated  financial
statements  and notes thereto  included in the  Company's  annual report on Form
10-KSB.


NOTE 2 - COMMON STOCK

On May 10,  2002,  the Company  issued  634,500  shares of its common stock at a
selling  price of $0.20 per share  pursuant to its  prospectus as filed with its
registration statement on Form SB-2. The net proceeds were $126,900.

NOTE 3 - RELATED PARTY TRANSACTIONS

The  Company  occupies  office  space  provided  by  its  officer.  Accordingly,
occupancy  costs have been  allocated  to the  Company  based on the square foot
percentage  assumed  multiplied by the  officer's  total  monthly  costs.  These
amounts are shown in the accompanying  consolidated  statement of operations for
the  three  and  nine  months  periods  ended   September  30,  2003  and  2002,
respectively,  and are  considered  additional  contributions  of capital by the
officer and the Company.

NOTE 4 - SUBSEQUENT EVENT

On November  5, 2003,  the  Company  entered  into a letter of intent to acquire
DeliaTroph Pharmaceuticals, Inc. dba Hyalozyme Therapeutics, Inc. ("Hyalozyme").
The merger is conditional on the negotiation of a definitive  merger  agreement;
the completion of an approximately $7,000,000 round of financing by the Company;
and, the Company and Hyalozyme  obtaining all necessary  board,  shareholder and
third party approvals, among other conditions.

                                       4




Item 2.  Plan of Operation

This  following  information  specifies  certain  forward-looking  statements of
management  of the  company.  Forward-looking  statements  are  statements  that
estimate the happening of future  events and are not based on  historical  fact.
Forward-looking  statements  may be  identified  by the  use of  forward-looking
terminology,  such as "may", "shall",  "will",  "could",  "expect",  "estimate",
"anticipate",   "predict",  "probable",  "possible",  "should",  "continue",  or
similar  terms,  variations  of those terms or the negative of those terms.  The
forward-looking  statements  specified in the  following  information  have been
compiled by our  management on the basis of  assumptions  made by management and
considered  by  management  to be  reasonable.  Our  future  operating  results,
however, are impossible to predict and no representation,  guaranty, or warranty
is to be inferred from those forward-looking statements.

The assumptions used for purposes of the forward-looking statements specified in
the following  information  represent estimates of future events and are subject
to uncertainty as to possible changes in economic,  legislative,  industry,  and
other circumstances.  As a result, the identification and interpretation of data
and other information and their use in developing and selecting assumptions from
and among  reasonable  alternatives  require the  exercise of  judgment.  To the
extent that the assumed events do not occur, the outcome may vary  substantially
from anticipated or projected results, and, accordingly, no opinion is expressed
on the  achievability of those  forward-looking  statements.  We cannot guaranty
that any of the assumptions relating to the forward-looking statements specified
in the following information are accurate, and we assume no obligation to update
any such forward-looking statements.

Critical  Accounting  Policy and  Estimates.  Our  Management's  Discussion  and
Analysis of Financial  Condition and Results of Operations section discusses our
consolidated  financial statements,  which have been prepared in accordance with
accounting  principles  generally accepted in the United States of America.  The
preparation of these financial  statements 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. On an on-going basis, management evaluates
its estimates and  judgments,  including  those related to revenue  recognition,
accrued  expenses,  financing  operations,  and  contingencies  and  litigation.
Management  bases its estimates and  judgments on historical  experience  and on
various   other   factors  that  are  believed  to  be   reasonable   under  the
circumstances,  the results of which form the basis for making  judgments  about
the carrying value of assets and liabilities  that are not readily apparent from
other sources.  Actual results may differ from these  estimates  under different
assumptions or conditions. The most significant accounting estimates inherent in
the  preparation  of  our  financial  statements  include  estimates  as to  the
appropriate  carrying  value of  certain  assets and  liabilities  which are not
readily apparent from other sources.  These accounting policies are described at
relevant  sections  in this  discussion  and  analysis  and in the  notes to the
consolidated  financial  statements  included  in our  Quarterly  Report on Form
10-QSB for the period ended September 30, 2003.

We  provide a broad  range of yacht  services  in the  global  marketplace.  Our
services include yacht rental and charter, yacht sales and yacht services,  such
as the provision of captain,  crew, supplies,  maintenance,  delivery as well as
full-scale  contracted  care of  yachts.  Our  president,  Mitch  Keeler,  is an
experienced  captain and possesses a captain  certification  from the U.S. Coast
Guard. Mr. Keeler provides  professional advice and consultation for all aspects
of yacht lease,  purchase and ownership and is available for on site  assistance
anywhere in the world.

We currently  generate revenues from our charter services,  which range from day
charters to full week charters. We currently offer private yacht charters in San
Diego,  usually of up to one week in  duration  as well as  corporate  charters,
which are typically 3 to 5 hours and short range. We have very few charters that
are longer than one week,  however,  they do occur.  Our officers act as captain
and crew for our charter services,  but we often utilize outside  businesses for
services such as catering and bartending.



                                       2


We have also  generated  revenues  from our yacht  management  services  and our
delivery services.  Yacht management services include managing the yacht for the
owners  including  routine  maintenance,  repairs and electronics  installation.
Regular  maintenance  includes services such as exterior and interior  cleaning,
bottom  cleaning,  waxing  and  zinc  replacement.   Delivery  services  include
delivering newly purchased yachts to various locations around the world.

We have also contemplated acquiring a third party, merging with a third party or
pursuing a joint venture with a third party in order to support our development.
Accordingly,  we have been researching potential  acquisitions or other suitable
business partners which will assist us in realizing our business objectives.  In
that regard, in November 2003 we entered into a letter of intent with DeliaTroph
Pharmaceuticals,   Inc.,  dba  Hyalozyme  Therapeutics,   Inc,  ("Hyalozyme")  a
privately held corporation  based in San Diego,  California and its stockholders
to merge with Hyalozyme.  The proposed merger is to be accomplished by forming a
wholly-owned  merger  subsidiary which would then merge with and into Hyalozyme,
with Hyalozyme being the survivor. In addition,  Hyalozyme's  outstanding shares
would then be converted into a combination of common shares,  as well as options
and  warrants to purchase our common  stock,  in addition to shares of preferred
stock, to correspond to the capitalization of Hyalozyme.

Prior  to  closing  of the  merger,  we  will  have  no more  than  $100,000  in
liabilities  and have no more than  3,900,000  shares of our common stock issued
and  outstanding.  Under  the  terms  of  the  proposed  merger,  we  will  have
approximately  35,500,000 shares issued and outstanding at closing,  in addition
to convertible  preferred stock,  warrants and options,  which will be issued to
the historical shareholders of Hyalozyme.  Prior to closing,  Hyalozyme may also
grant additional options to its current senior management.  Also under the terms
of the  proposed  merger,  and  following  closing,  we will  change our name to
DeliaTroph Pharmaceuticals,  Inc. or a similar name. Prior to closing, Hyalozyme
must  complete a financing  of no more than  $7,112,142.  Hyalozyme  anticipates
raising those funds through  equity  financings,  although there is no guarantee
that it will be able to do so.

We hope to conclude  this  transaction  during  January  2004,  though we cannot
guarantee that this will occur. We believe that this  transaction  will increase
the value of our common stock to our shareholders,  however,  we cannot guaranty
that we will be able to consummate  this  transaction or that we will be able to
acquire any such entity,  or that in the event that we acquire  another  entity,
this  acquisition  will  increase  the value of our common  stock.  We intend to
continue  providing our yacht  maintenance,  charter and delivery services until
such time as we consummate such an agreement.

Liquidity and Capital  Resources.  Our total assets were $68,149 as of September
30, 2003.  Of those  assets,  we had cash of $62,646 and accounts  receivable of
$3,043 as of  September  30,  2003.  Therefore,  our total  current  assets were
$65,689 as of  September  30, 2003.  We also had $2,460 in deposits.  We believe
that our available cash is sufficient to pay our day-to-day expenditures.

Our  current  liabilities  were  $4,752  as of  September  30,  2003,  and  were
represented  solely by accounts  payable and accrued  expenses.  We had no other
liabilities and no long term  commitments or  contingencies  as of September 30,
2003.

For the three months ended September 30, 2003.

Results of Operations.

Revenue.  For the three months ended September 30, 2003, we realized revenues of
$12,606 from yacht  management fees,  compared to revenues of $16,741  generated
for the three months ended  September 30, 2002,  which  resulted from  receiving
$9,250 in charter  services and $7,491 in yacht  management fees. The difference
in our revenues is accounted  for the by fact that we had  different  sources of
revenues  during the three months ended September 30, 2003. Our cost of revenues
was $9,022 for the three months ended September 30, 2003,  which was represented
solely by yacht  management  expenses.  This is  compared to cost of revenues of
$3,623 for the same period ended  September 30, 2002,  which was  represented by
$1,405 in charter expenses and $2,218 in yacht management  expenses.  Therefore,
our gross  margin for the three  months  ended  September  30,  2003 was $3,584,
compared  to $13,118 for three  months  ended  September  30,  2002.  We hope to
generate more revenues as we expand our customer base.



                                       3


Operating  Expenses.  For the three months ended  September 30, 2003,  our total
operating expenses were approximately $13,046, compared to $25,728 for the three
months ended  September 30, 2002. For the three months ended September 30, 2003,
the  majority of our total  operating  expenses  were  represented  by legal and
professional  fees of $8,660.  We also had  occupancy  expenses of $585,  office
supplies  and  expense of $2,460 and $1,341 for  telephone  and  utilities.  Our
operating  expenses for the three month period ending September 30, 2002 totaled
$25,728,  most of which  were  represented  by legal  and  professional  fees of
$22,644.  We also had occupancy expenses of $585, office supplies and expense of
$609, outside services expenses of $1,500, and $390 for telephone and utilities.
Our operating  expenses were lower because we incurred  fewer  professional  and
legal fees during the three month period  ending  September 30, 2003 as compared
to the three  months  ending  September  30, 2002,  because  during 2002 we were
preparing a registration statement.

For the three months ended  September  30, 2003,  we  experienced  a net loss of
approximately  $9,462,  compared to a net loss of $12,610  for the three  months
ended September 30, 2002,  because we incurred lower  operating  expenses during
the three months ended  September 30, 2003. We anticipate  that we will continue
to incur significant general and administrative  expenses,  but hope to continue
generating income as we expand our operations.

For the nine months ended September 30, 2003.

Results of Operations.

Revenue.  For the nine months ended September 30, 2003, we realized  revenues of
$23,386 from yacht  management fees,  compared to revenues of $53,436  generated
for the nine months ended  September 30, 2002,  which  resulted  from  receiving
$11,930 in charter  services,  $16,506 in yacht  management  fees and $25,000 we
received from sales commissions. The difference in our revenues is accounted for
primarily by the fact that we had no revenues from sales  commissions or charter
services  during the nine months ended  September 30, 2003. Our cost of revenues
was $13,015 for the nine months ended September 30, 2003,  which was represented
by $3,000 in charter expenses and $10,015 in yacht management expenses.  This is
compared to $13,890 for the same period  ended  September  30,  2002,  which was
represented  by $5,472  in  charter  expenses  and  $8,418  in yacht  management
expenses.  Therefore,  our gross margin for the nine months ended  September 30,
2003 was  $10,371,  compared to a gross  margin of $39,546 for nine months ended
September  30, 2002. We hope to generate more revenues as we expand our customer
base.

Operating  Expenses.  For the nine months ended  September  30, 2003,  our total
operating  expenses  were $34,744  compared to $58,072 for the nine months ended
September 30, 2002.  For the nine months ended  September 30, 2003, the majority
of our total operating  expenses were represented by legal and professional fees
of $26,281.  We also had  occupancy  expenses  of $1,755,  office  supplies  and
expense of $3,401, outside services expenses of $1,500, and $1,807 for telephone
and utilities. Our operating expenses for the nine month period ending September
30,  2002  totaled  $58,072,  most  of  which  were  represented  by  legal  and
professional fees of $48,185.  We also had occupancy expenses of $1,755,  office
supplies and expense of $2,365,  outside services expenses of $4,500, and $1,267
for  telephone  and  utilities.  Our  operating  expenses  were lower because we
incurred fewer  professional  and legal fees during the nine month period ending
September  30, 2003 as compared to the nine months  ending  September  30, 2002,
because during 2002 we were preparing a registration statement.

For the nine months ended  September  30,  2003,  we  experienced  a net loss of
approximately $24,373, compared to a loss from operations of $18,526, plus $4 in
other income for a net lost of $18,522 for the nine months ended  September  30,
2002, because we generated lower revenues during the nine months ended September
30, 2003,  despite the fact that our expenses  were lower during the nine months
ended  September  30, 2003 as compared to the same period  ended  September  30,
2002.  We  anticipate  that we will  continue to incur  significant  general and
administrative expenses, but hope to continue generating income as we expand our
operations.

Our Plan of Operation for the Next Twelve Months.  In our management's  opinion,
to effectuate our business plan in the next twelve months,  the following events
should  occur or we should  reach the  following  milestones  in order for us to
become profitable:

         1.       We must conduct  marketing  activities to promote our services
                  and obtain additional customers to increase our customer base.
                  We currently market our business  primarily  through referrals
                  and our website.  Our  president,  Mitch  Keeler,  had a large
                  foundation  of  business  and  a  strong   reputation  in  the
                  industry,  which we  believe  has been  transferred  to us. We
                  believe  that  referrals  comprise  approximately  70%  of our
                  business   and   business   generated   from  our  website  is
                  approximately  30%  of our  business.  Future  marketing  will
                  include articles and advertisements in industry  publications,
                  such as: Yachting, Motor Boating, and Sea. We hope to continue
                  to increase our customer base.



                                       4


         2.       We must continue to develop relationships with various parties
                  including yacht owners,  sellers,  brokers,  lessors,  charter
                  agents,  maintenance  suppliers,  industry  professionals  and
                  specialists,  captains, crew, engineers,  designers, insurance
                  agents, legal advisors, and government agents. We believe that
                  these  parties  will help supply some of our services and they
                  may  become  sources  of  referrals.  We hope to  continue  to
                  develop  relationships  with  several  of  those  parties  who
                  provide  some  of the  services  that we  offer  as well as be
                  sources of referrals.

         3.       We must  develop  our  website so that it will  function  as a
                  means for global  clients to access our range of services  and
                  communicate with us for support services as well as for use as
                  a marketing  tool to inform and  persuade  customers to engage
                  our  services.  We intend to  develop  our  website so that we
                  utilize a database set up on the  backend,  which will capture
                  customer  information  and  allow  us to  process  information
                  concerning  our clients and potential  clients.  One objective
                  for our website is to interact  with clients in "real time" so
                  that they  feel that  their  needs  are  being  taken  care of
                  professionally  and on a personal level.  Within six to twelve
                  months,  we should have developed our website to provide those
                  services.

We have cash of $62,646 as of September 30, 2003. In the opinion of  management,
available  funds will  satisfy our  working  capital  requirements  for the next
twelve  months.  Our forecast for the period for which our  financial  resources
will be adequate to support our operations  involves risks and uncertainties and
actual results could differ as a result of a number of factors.

We hope to conclude the transaction with Hyalozyme as described above during the
next three months, as described above, though we cannot guarantee that this will
occur.  We intend to  continue  providing  our yacht  maintenance,  charter  and
delivery  services  until  such  time  as we  consummate  the  transaction  with
Hyalozyme.

We are not currently conducting any research and development  activities,  other
than the  development  of our  website.  We do not  anticipate  conducting  such
activities  in the near future.  In the event that we expand our customer  base,
then we may need to hire additional employees or independent contractors as well
as purchase or lease additional equipment.

Item 3. Controls and Procedures

(a) Evaluation of disclosure  controls and procedures.  We maintain controls and
procedures  designed to ensure that information  required to be disclosed in the
reports  that we file or submit  under the  Securities  Exchange  Act of 1934 is
recorded,  processed,  summarized and reported within the time periods specified
in the rules and forms of the  Securities  and Exchange  Commission.  Based upon
their evaluation of those controls and procedures  performed as of September 30,
2003, our chief executive officer and the principal  financial officer concluded
that our disclosure controls and procedures were adequate.

(b)  Changes in  internal  controls.  There were no  significant  changes in our
internal  controls or in other  factors  that could  significantly  affect these
controls subsequent to the date of the evaluation of those controls by the chief
executive officer and principal financial officer.

                          PART II -- OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 2. Changes in Securities.

None.

Item 3.  Defaults Upon Senior Securities

None.

Item 4.  Submission of Matters to Vote of Security Holders

None.



                                       5


Item 5.  Other Information

None.

Item 6.  Exhibits and Reports on Form 8-K


         (a)      Exhibits.

                  31.      Rule 13a-14(a)/15d-14(a) Certifications.

                  32.      Section 1350 Certifications.


         (b)      Reports on Form 8-K

         None.





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                                   SIGNATURES

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

                                        Global Yacht Services, Inc.,
                                        a Nevada corporation



November 14, 2003                       By: /s/ Mitch Keeler
                                            ----------------------------------
                                            Mitch Keeler
                                            Its: president, principal executive
                                                 officer, director




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