Washington, D.C. 20549

                                                    SEC FILE NUMBER: 000-49616
                                                    CUSIP NUMBER: 37943A-10-9

(Check One): [ ]Form 10-K [ ]Form 20-F [ ]Form 11-K [X]Form 10-Q [ ]Form N-SAR

For Period Ended: June 30, 2002
[   ]    Transition Report on Form 10-K
[   ]    Transition Report on Form 20-F
[   ]    Transition Report on Form 11-K
[   ]    Transition Report on Form 10-Q
[   ]    Transition Report on Form N-SAR

For the Transition Period Ended:


  Read Instruction (on back page) Before Preparing Form. Please Print or Type.
    Nothing in this form shall be construed to imply that the Commissions has
                   verified any information contained herein.


If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:



Full Name of Registrant:

Global Yacht Services, Inc.
Former Name if Applicable:

Address of Principal Executive Office (Street and Number)

7710 Hazard Center Drive, Suite E-415
City, State and Zip Code

San Diego, California  92108

PART II - Rules 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box, if appropriate)


(a)      The reasons described in reasonable detail in Part III of this form
         could not be eliminated without unreasonable effort or expense;
(b)      The subject annual report, semi-annual report, transition report on
         Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
         filed on or before the fifteenth calendar day following the prescribed
         due date; or the subject quarterly report of transition report on Form
         10-Q, or portion thereof will be filed on or before the fifth calendar
         day following the prescribed due date; and
(c)      The accountant's statement or other exhibit required by Rule 12b-25(c)
         has been attached if applicable.


State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed).

The Registrant hereby represents that it is unable to file its Quarterly Report
on Form 10-QSB for the period ended June 30, 2002 without unreasonable effort
or expense. The Company's auditor was not able to complete the review of
Company's financial statements within the necessary period of time. The
Registrant further represents that the Form 10-QSB will be filed by no later
than August 19, 2002, which is the 5th day following the date on which the Form
10-QSB was due.


(1)      Name and telephone number of person to contact in regard to this

         Karin C. Carter                   (949)             250-8655
         ---------------------------      -------------------------------------
         (Name)                           (Area Code)       (Telephone Number)

(2)      Have all other periodic reports required under Section 13 or 15(d) of
         the Securities and Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months or for such shorter
         period that the registrant was required to file such report(s) been
         filed? If the answer is no, identify report(s).
          Yes (X)     No

(3)      Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof? Yes ( )   No (X)

         If so, attach an explanation of the anticipated change, both
         narratively and quantitatively, and, if appropriate, state the reasons
         why a reasonable estimate of the results cannot be made.

Golbal Yacht Services, Inc., a Nevada corporation, has caused this notification
to be signed on its behalf by the undersigned, thereunto duly authorized.

August 14, 2002                 Global Yacht Services, Inc.
                                a Nevada corporation

                                By:    /s/ Mitch Keeler
                                       Mitch Keeler
                                Its:   President

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

        Intentional misstatements or omissions of fact constitute Federal
                   Criminal Violations (See 18 U.S.C. 1001).