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

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)    May 20, 2001

                        5 G WIRELESS COMMUNICATIONS, INC.
                              (Name of Registrant)

  Nevada                                   0-28581              88-0351882064
(State or other jurisdiction           (Commission             (IRS Employer
 of incorporation)                     File Number)          Identification No.)


               2921 N. Tenaya Way, Suite 216, Las Vegas, NV 89128
                    (Address of principle executive offices)

Registrants telephone number, including area code     (702) 947-4877 ext. 234


                                       N/A

          (Former name or former address, if changed since last report)


     Check  whether  the issuer (1) filed all  reports  required  to be filed by
Section 13 or 15(d) of the Securities Exchange Act during the past 12 months (or
for such shorter  period 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 Company had  12,950,490  shares of common stock  outstanding  par value
$.001at March 31, 2001.

Transitional Small Business Disclosure Format (check one):


         Yes      [     ]                            No     [  X  ]





Item 1.  Changes in Control of Registrant

         No event to report.

Item 2.  Acquisition or Disposition of  Assets

     On May 5, 2001 the Company acquired seventy five (75) percent of the common
stock of 5 G  Wireless  Communications  PTE,  Inc.,  formerly  known as  Peteson
Investment PTE, Ltd. From, a Singapore, China corporation from nine shareholders
of that Company in exchange  for twelve  million  (12,000,000)  shares $.001 par
value of restricted common stock.

     Six million  shares of the stock,  will be in trust  subject to an earn out
agreement formula based on 75% of the companys  revenue,  of one share for $.50
of gross revenue generated during a two year term.

Item 3.  Bankruptcy or Receivership

         No event to report.

Item 4.  Changes in Registrants Certifying Accountant

         No event to report.

Item 5.  Other Matters

         No events to report.

Item 7.  Financial Statements

     The financial statements are presently being audited for the period October
1, 2000 through April 30, 2001.

Exhibits

         Item 2-1   Shareholder Purchase Agreement dated May 5, 2001
         Item 7-1   Financial Statements










     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 hereinto duly authorized.
                                            5 G WIRELESS COMMUNICATIONS, INC.

                                            Michael Tan, President





Dated this 20 day of  May, 2001.