U.S. SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549


                                   FORM 12b-25

                           NOTIFICATION OF LATE FILING

                                               Commission File Number: 000-27185

(Check One)

[X]  Form 10-K and Form 10-KSB      [ ]  Form 11-K

[ ]  Form 20-F   [ ]Form 10-Q and Form 10-QSB    [ ]  Form N-SAR

For Period Ended:          December 31, 2000
                 ................................

[ ]  Transition Report on Form 10-K and Form 10-KSB

[ ]  Transition Report on Form 20-F

[ ]  Transition Report on Form 11-K

[ ]  Transition Report on Form 10-Q and 10-QSB

[ ]  Transition Report on Form N-SAR

For the Transition Period Ended:                                      .
                                .....................................

Read Attached Instruction Sheet Before Preparing Form.  Please Print or Type.

       Nothing in this form shall be construed to imply that the Commission 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:
                                                       ........................

                                     Part I
                             Registrant Information

       Full name of registrant:             GLOBAL NETWORK, INC.
                               ................................................

       Former name if applicable:..............................................

       Address of principal executive office (Street and number): 575 Madison
                                                                  .............
Avenue, 10th Floor
 ..................

       City, state and zip code:    New York, New York 10022
                                 ..............................









                                     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)

         [X]  (a)  The reasons described in reasonable detail in Part III of
                   this form could not be eliminated without unreasonable effort
                   or expense

         [X]  (b)  The subject annual report, semi-annual report, transition
                   report on Form 10-K, Form 20-F, 11-K or 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 or 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.

                                    Part III
                                    Narrative

       State below in reasonable detail the reasons why Form 10-K and Form
10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or
portion thereof could not be filed within the prescribed period.

       The Registrant is unable to file its Annual Report on Form 10-KSB within
the prescribed time period as a result of difficulties encountered by the
Registrant in the compilation and evaluation of certain information required to
complete the preparation of its consolidated financial statements for the fiscal
year ended December 31, 2000.

                                     Part IV
                                Other Information

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

          James C. Mason                              212.605.0431
      .........................................................................
              (Name)                          (Area Code)  (Telephone Number)

       (2) Have all other periodic reports required under section 13 or 15(d) of
the Securities 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).

                                                  [X]  Yes     [ ]  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      [X]  No

       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.



                              GLOBAL NETWORK, INC.
              ...................................................
                  (Name of Registrant as specified in charter)

       Has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.

       Dated:  March 29, 2001      By  /s/ JAMES C. MASON
                                       .........................................
                                        President and Chief Executive Officer