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

FORM 10-QSB

(Mark One)
[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the quarterly period ended September 30, 2001.

[ ] Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 (No fee required) for the transition period from
_____________ to _______________.

SATTEL GLOBAL NETWORKS, INC.
-----------------------------
(Exact Name of Registrant as Specified in its Charter)

Primary Standard Industrial
Colorado Classification Code: 7385 84-1385900
-------- ------------
(State of Incorporation) (I.R.S. Employer ID. No.)

1004 Depot Hill Rd., 1E
Broomfield, CO 80020
(Address of Principal Executive Offices)

(303) 404-9904
(Registrant's Telephone Number, Including Area Code)

Check whether the issuer: (1)filed all reports required to be filed by Section
13 or 15(d) of the 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 number of shares outstanding of Registrant's common stock ($0.01 par
value) as of the quarter ended September 30, 2001, was 30,410,017 with 47
shareholders of record.

TABLE OF CONTENTS

Page
----

PART I

ITEM 1. FINANCIAL STATEMENTS............................................. 3

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION........ 4

PART II

ITEM 1. LEGAL PROCEEDINGS................................................ 6

ITEM 2. CHANGES IN SECURITIES............................................ 7

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.................................. 7

ITEM 4. SUBMISSION TO A VOTE OF SECURITY HOLDERS......................... 7

ITEM 5. OTHER............................................................ 7

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K................................. 8

SIGNATURES....................................................... 9

SATTEL GLOBAL NETWORKS, INC.
(formerly Osteo Systems, Inc., Jewelnique Designs, Inc.
and Blue Mountain Capital, Inc.)
(A Development Stage Company)
BALANCE SHEET
September 30, 2001

ASSETS $ 0
========

LIABILITIES

Accounts payable $ 600

Due to related parties 2,021
--------
Total Liabilities 2,621
--------

STOCKHOLDERS' DEFICIT
Preferred stock, par value, $.01, 10,000,000
shares authorized, none issued and outstanding
Common stock, $.001 par value, 100,000,000
shares authorized, 30,410,017 issued
and outstanding 30,410

Paid in capital 22,885

Deficit accumulated during the development stage (55,916)
--------
Total Stockholders' Deficit ( 2,621)
--------
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 0
========

F-1

SATTEL GLOBAL NETWORKS, INC.
(formerly Osteo Systems, Inc., Jewelnique Designs, Inc.
and Blue Mountain Capital, Inc.)
(A Development Stage Company)

STATEMENTS OF EXPENSES
For the Three Months and Nine Months Ended September 30, 2001 and 2000
and the period from March 6, 1997 (Inception)
Through September 30, 2001

3 Months 9 months 3 Months 9 Months Inception
Ended Ended Ended Ended Through
Sept. 30, Sept. 30, Sept. 30, Sept. 30, Sept. 30,
2001 2001 2000 2000 2001
-------- -------- -------- -------- --------

EXPENSES
Other administrative $ 621 $ 25 $ 50 $ 55,916
-------- -------- -------- -------- --------
Net loss $ (621) $ (25) $ (50) $(55,916)
======== ======== ======== ======== ========

Loss per common share $(0) $(0) $(0) $(0)
Weighted average
shares outstanding 30,410,017 30,410,017 6,150,000 6,150,000

F-2

SATTEL GLOBAL NETWORKS, INC.
(formerly Osteo Systems, Inc., Jewelnique Designs, Inc.
and Blue Mountain Capital, Inc.)
(A Development Stage Company)

STATEMENTS OF CASH FLOWS
For the Nine Months Ended September 30, 2001 and 2000
and the period from March 6, 1997 (Inception)
Through September 30, 2001

Inception
Through
2001 2000 2001
-------- -------- --------

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ ( 621) $ (50) $(55,916)
Adjustments to reconcile net income
to net cash provided by
operating activities
Common stock issued for services 32,320
Amortization of organization costs 50 500
Changes in:
Accounts payable (1,400) 600
-------- -------- --------
NET CASH USED BY
OPERATING ACTIVITIES (2,021) 0 (22,496)
-------- -------- --------
CASH FLOWS FROM INVESTING ACTIVITIES
Organization costs ( 500)
--------
NET CASH USED BY INVESTING
INVESTING ACTIVITIES ( 500)
--------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of stock 20,975
Advances from related parties 2,021 2,021
-------- --------
NET CASH PROVIDED BY
FINANCING ACTIVITIES 2,021 22,996
-------- -------- --------
NET INCREASE (DECREASE) IN CASH 0 0 0

CASH - Beginning of period 0 0 0
-------- -------- --------
- End of period $ 0 $ 0 $ 0
======== ======== ========

F-3

SATTEL GLOBAL NETWORKS, INC.
(formerly Osteo Systems, Inc., Jewelnique Designs, Inc.
and Blue Mountain Capital, Inc.)
(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited interim financial statements of Sattel Global
Networks, Inc. have been prepared in accordance with generally accepted
accounting principles and should be read in conjunction with the audited
financial statements and notes thereto contained in the Company's latest
Annual Report filed with the SEC on Form 10-KSB. In the opinion of
management, all adjustments, consisting of normal recurring adjustments,
necessary for a fair presentation of financial position and the results of
operations for the interim periods presented have been reflected herein. The
results of operations for interim periods are not necessarily indicative of
the results to be expected for the full year. Notes to the financial
statements which would substantially duplicate the disclosure contained in the
audited financial statements for the most recent fiscal year, 2000, as
reported in the 10-KSB, have been omitted.

F-4

PART I

ITEM 1. FINANCIAL STATEMENTS

Unless otherwise indicated, the term "Company" refers to Sattel Global
Networks, Inc. and its subsidiaries and predecessors. The accompanying
consolidated unaudited condensed financial statements have been prepared by
management in accordance with the instructions in Form 10-QSB and, therefore,
do not include all information and footnotes required by generally accepted
accounting principles and should, therefore, be read in conjunction with
Company's Annual Report to Shareholders on Form 10-KSB for the fiscal year
ended December 31, 2000. These statements do include all the normal recurring
adjustments which the Company believes is necessary and affords a fair
presentation. The interim results are not necessarily indicative of the
results for the full year ending December 31, 2001. Accordingly, consolidated
audited interim financial statements, including a balance sheet for the
Company as of the fiscal quarter ended September 30, 2001, and, statements of
operations and statements of cash flows for the interim period up to the date
of such balance sheet and the comparable period of the preceding fiscal year
are attached hereto as an Exhibit, and are incorporated herein by this
reference.

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

The following discussion and analysis should be read in conjunction with
the Company's financial statements and notes thereto included elsewhere in
this Form 10-QSB. Except for the historical information contained herein, the
discussion in this Form 10-QSB contains certain forward looking statements
that involve risks and uncertainties, such as statements of the Company's
plans, objectives, expectations and intentions. The cautionary statements
made in this Form 10-QSB should be read as being applicable to all related
forward statements wherever they appear in this Form 10-QSB. The Company's
actual results could differ materially from those discussed here.

Other than what has been disclosed herein and in the year end report for
year 2000, filed on April 17, 2001, the Company is not aware of any immediate
circumstances or trends which would have a negative impact upon future sales
or earnings. There have been no material fluctuations in the standard
seasonal variations of the Company business. The accompanying financial
statements include all adjustments, which in the opinion of management are
necessary in order to make the financial statements not misleading.

The Company
- ------------

The Company is presently inactive and does not maintain a formal office.
The Company receives mail at the office of its president, Thomas Pierson,
attorney-at-law, at 1004 Depot Hill Rd., Ste. 1E, Broomfield, Colorado 80020.

Business of Issuer
- -------------------

Sattel Global Networks, Inc. (hereinafter referred to as the "Company" or
"Sattel"), was incorporated under the laws of the State of Colorado on March
6, 1997, as Blue Mountain Capital, Inc. The name was changed to Jewelnique
Designs, Inc. on September 20, 1997.

On September 17, 1998, the name was changed to Osteo Systems, Inc.
("OSYS"). The Company intended to develop and commercialize several biotech
technologies related to bone healing for medical, dental and surgical
applications. The Company was not able to complete its business objectives.

On September 11, 2000, a Reorganization Agreement (the "Agreement") was
executed by and among the Company, Freva Investment Trust, a common law
business trust resident in California ("FTI"), Vancouver Telephone Company
and/or assigns ("VTC"), which owns 100% of Sattel Global Networks, a private
Delaware corporation which manufactures satellite systems for public switched
telephone and data systems targeting primarily rural areas in "third world
countries", and certain shareholders of the Company who represented
approximately 57% of the outstanding shares of the Company's common stock.
At the closing of the transactions contemplated by the Agreement, the current
stockholders of the Company would have owned less than 1.5% of the outstanding
shares of the Company's common stock and the Company would have owned 100% of
the existing business of Sattel, and all of the beneficial interests of FTI.

On October 12, 2000, the Company's Board of Directors enacted a 1 to 15
reverse stock split and, restated and amended their Articles of Incorporation
changing its name from Osteo Systems, Inc. to Sattel Global Networks, Inc.

On October 16, 2000, the Company signed a definitive Reorganization
Agreement, which was predicated upon several and various events and conditions
which needed to take place. Those events and conditions were set forth in the
Plan of Reorganization and several ancillary agreements. If those events came
to pass and the conditions were met, the Company's operations were to
consolidate with Sattel Global Networks, Inc., a private Delaware corporation.

On December 19, 2000, the Company rescinded its October 16, 2000
agreement and entered into a new Acquisition Agreement with certain
shareholders of the Company, who were owners of, or otherwise represented, at
least fifty-one percent (51%) of the Company's issued and outstanding common
stock, and Vancouver Telephone Company Limited which owns of 100% of the
issued and outstanding shares of Sattel Global Networks, Inc., the private
Delaware Corporation and Sattel Guatemala, a private Guatemalan company.

There were conditions precedent upon the closing of this Acquisition
Agreement, the primary being that the Company was to raise a minimum of
$4,000,000 by February 20, 2001. If the Company did not raise the $4,000,000
by February 20, 2001, the agreement would be rescinded. The Company did not
raise the monies as required per the Acquisition Agreement and it was mutually
agreed to rescind the agreement. (See Part II, Item 1, "Legal Proceedings").

On August 7, 2001, Sattel Global Networks, Inc., Urbani Acquisition
Corp., a wholly-owned subsidiary of Sattel, and Rosario's Epicureo, Ltd. d/b/a
Urbani Truffles & Caviar, U.S.A. entered into an agreement and plan of merger.
Pursuant to the agreement, Urbani Acquisition Corp. shall merge into Rosario's
Epicureo, Ltd. and each share of common stock of Rosario's Epicureo, Ltd.
shall be converted into 50,625 shares of common stock of Sattel Global
Networks, Inc. or such greater or lesser number of shares of common stock of
Sattel Global Networks, Inc. such that the stockholders of Rosario's Epicureo,
Ltd. shall hold 67.5% of the outstanding shares of common stock of Sattel
Global Networks, Inc.

Pursuant to the agreement, upon the closing of the merger, Sattel Global
Networks, Inc. shall have 17,400,000 shares of common stock outstanding,
including warrants to purchase 1,200,000 shares of common stock at an exercise
price of $1.00 per share and warrants to purchase 1,200,000 shares of common
stock at an exercise of $1.50 per share. In the event that the gross proceeds
from the exercise of the warrants is not equal to at least $500,000 within 270
days of the closing of the merger, then the stockholders of Rosario's
Epicureo, Ltd. shall be issued the number of additional shares of common stock
of Sattel equal to the difference between 9,750,000 and a fraction, the
numerator of which shall be equal to the product of 9,750,000 and the gross
proceeds from the exercise of the warrants and the denominator of which shall
be equal to 500,000. The closing of the merger is subject to certain closing
conditions, including the delivery of all required consents and approvals, the
satisfaction of all of the debts and liabilities of Sattel, the truth and
accuracy of the representations contained in the agreement and the continued
listing of Sattel's common stock on the National Association of Securities
Dealers, Inc. OTC Electronic Bulletin Board.

Urbani is a specialty food distributor of truffles, caviar, wild
mushrooms, smoked fish and specialty game and foie gras to fine restaurants.
Urbani also sells its products to gourmet shops, supermarkets, wholesalers,
distributors and private retail customers. Urbani has a database of over
15,000 customers, including 5,000 accounts of which up to 2,000 are active at
any one time. Urbani's customers include some of the finest and most
well-known restaurants in the country. Pursuant to an exclusive license
agreement with Urbani of Italy. Urbani is the sole distributor of Urbani
branded products in the United States. Urbani of Italy is an unaffiliated
company, which has been engaged in the truffle business in Italy for over 100
years.

Urbani is committed to providing its customers high quality products at
competitive prices and credit terms, at a range of price points with short
lead times. Urbani serves its customers through two locations, one on the east
coast in Long Island City, New York and the other on the west coast in Culver
City, California. Both facilities include warehouse and refrigeration
facilities from which Urbani packages and ships its products. Urbani utilizes
its own fleet of trucks to handle local deliveries and for out-of-town
deliveries Urbani utilizes common carriers, Federal Express and airlines.
Urbani's distribution infrastructure is designed to warehouse and transport
its products in temperature controlled environments that ensure delivery in
optimal conditions.

Based on industry reports, the specialty food industry is a $20 billion a
year industry, which has grown at an annual rate of 7% per year since 2000.
Management believes that the industry is highly fragmented consisting of small
and medium sized companies selling a limited number of items and as a result,
there is an opportunity for consolidation. Urbani's consolidation strategy is
based on leveraging its industry knowledge, experienced management team, and
brand recognition to acquire other specialty food distributors which market
products that complement its current product lines, serve new customers or add
geographic coverage to its existing operations. Urbani intends to leverage its
distribution infrastructure and combined purchasing power to realize operating
efficiencies and reduce duplicative overhead.

Rosario's Epicureo, Ltd. doing business as Urbani Truffles USA was formed
in New York in March 1984. Its principal office is located at 29-24 40th
Avenue, Long Island City, New York. Its telephone number is (718) 392-5050.

Results of Operations
- ----------------------

For the three month ended September 30, 2001, the Company sustained a
loss of $25.00 or $0.00 per share (basic and diluted) on revenue of $0.00.
The loss in the first quarter of 2001 can be attributed to the fact the
Company had no revenue producing operations. For the comparable period of
2000, the Company sustained a loss a similar loss of $25.00, or $0.00 per
share on revenue of $0.00.

Liquidity and Capital Resources
- --------------------------------

As of September 30, 2001, the Company had a negative working capital of
$(2,621) with $0 total assets. The Company has funded its cash requirements
through cash advances from related parties.

PART II

ITEM 1. LEGAL PROCEEDINGS

On February 22, 2001, Seville Consulting Group, Inc., a Colorado
corporation and a major shareholder in the Company, as Plaintiffs, filed a
lawsuit against Erwin Liem, President's Corporate Group, E-Commerce, Inc.,
Jack Augsback & Company, Inc. and Madcon Company (collectively referred to as
"Defendants") (Seville Consulting Group, Inc. vs. The President's Group, et
al., CV01-01744-WMB, the Central District of California, seeking rescission of
a September 11, 2000 agreement through which the Defendants obtained
4,400,000+ shares of Sattel Global Network common stock ("Sattel")(both
restricted and free-trading) in exchange for Defendants' promise to raise
$4,000,000 in capital or financing for Sattel Global Networks, Inc. The
lawsuit alleges that Defendants failed to raise such capital or financing and
that the September 11, 2000 agreement requires Defendants to return the shares
they received due to Defendants' failure to perform as promised.

The complaint seeks injunctive relief which would require the Defendants
to return to Seville Consulting all of the Sattel Global Network shares which
Defendants obtained as a result of the September 11, 2000 agreement, and seeks
consequential, special and punitive damages of more than $500,000 against
Defendants based upon claims of fraud, negligent misrepresentation, and claim
and delivery. Seville Consulting also seeks a legal declaration from the
Court that Defendants have no right, title or interest in the shares
transferred to Defendants under the September 11, 2000 and an order cancelling
the share certificates issued to Defendants.

On September 26, 2001, the Court entered a Default Judgment against
Defendants Erwin Liem, E-Commerce Investments, Inc., and President's Corporate
Group, Inc. for failure to respond to the Company's Complaint in a timely
manner. The Court ordered

these Defendants to return to the Company, as the Plaintiff, "...all share
certificates for common stock and/or control of all shares of Sattel Global
Networks, Inc. stock which were received as of the September 11, 2000
agreements...". In addition to Defendants Erwin Liem, E-Commerce Investments,
Inc., and President's Corporate Group, Inc., the Court's Order includes and
extends to the following entities or parties: Interactive Business Channel,
NBC Clearing Services, Southwest Securities, Inc., Sterne, Agee & Leech, Inc.,
Dean Witter Reynolds, Inc., Cale Capital Management, Dotcom, SA, Global
Processing Services, Inc., Tynehd Holding, Vici Industries, Ltd., Valettea
Global SA or any of the Defendants' agents, successors, stock brokers,
clearing firms, assigns or others taking from or through the Defendants.

The Court further ordered that Defendants Erwin Liem, E-Commerce
Investments, Inc., and President's Corporate Group, Inc., NBC Clearing
Services, Southwest Securities, Inc., Sterne, Agee & Leech, Inc., Dean Witter
Reynolds, Inc., Cale Capital Management, Dotcom, SA, Global Processing
Services, Inc., Tynehd Holding, Vici Industries, Ltd., Valettea Global SA or
any of the Defendants' agents, successors, stock brokers, clearing firms,
assigns or others taking from or through the Defendants, be enjoined,
restrained, and prohibited from disbursing, distributing, paying, using,
pledging, converting, selling, hypothecating or disposing of any Sattel stock
certificates or Sattel shares held in "street name" which were transferred by
Defendants Erwin Liem, E-Commerce Investments, Inc., President's Corporate
Group, Inc., Sattel Global Networks, Inc., the public Colorado corporation,
Sattel Global Networks, Inc., a private California corporation, or Plaintiff,
Seville Consulting Group, Inc., at Defendants' request or instruction: Erwin
Liem, E-Commerce Investments, Inc., President's Corporate Group, Inc.,
Signature Stock Transfer, Madcon Company, Jack Augsback and Company, and, NBC
Clearing Services, Southwest Securities, Inc., Sterne, Agee & Leech, Inc.,
Dean Witter Reynolds, Inc., Cale Capital Management, Dotcom, SA, Global
Processing Services, Inc., Tynehd Holding, Vici Industries, Ltd., Valettea
Global SA or any of the Defendants' agents, successors, stock brokers,
clearing firms, assigns or others taking from or through the Defendants.

The Plaintiff is still negotiating with Defendants, Madcon Company and
Jack Augsback and Company, regarding outstanding issues that the Company
believes specifically pertains to their respective involvements concerning the
issues set forth in the Company's legal complaint.

ITEM 2. CHANGES IN SECURITIES

During the quarter ended September 30, 2001, there were no changes in
securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

During the quarter ended September 30, 2001, there were no defaults upon
senior securities.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the quarter ended September 30, 2001, there were no matters
submitted to a vote of the Company's shareholders.

ITEM 5. OTHER

On November 5, 2001, the Company filed a Preliminary 14c Information
Statement which proposed that the Company's shareholders consider and ratify
the following:

o to amend the Company's Articles of Incorporation in order to change its
name from "Sattel Global Networks, Inc." to "Urbani Holdings, Inc." and

o to ratify and approve a one for 12 reverse stock split in the
outstanding shares of common stock, $.001 par value, of Sattel Global
Networks, Inc.

o to ratify the selection of the accounting firm of Allen G. Roth, P.A.,
as the Company's auditors for the year ending December 31, 2001.

o to adopt the 2001 Employee Stock Option Plan which provides for the
issuance of options to purchase up to 750,000 shares of common stock.

Valid stockholders of record, as certified by Signature Stock Transfer,
Inc., the Company's transfer agent, as of November 10, 2001 shall be eligible
to vote at the meeting.

Certain stockholders of the Company who own more than 10% of the shares
of Common Stock of the Company and have advised the Company that they intend
to vote in favor of the proposals.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

During the quarter ended September 30, 2001, a Form 8-K was filed on
September 14, 2001 regarding the Agreement and Plan of Merger by and among
Sattel Global Networks, Inc., Urbani Acquisition Corp. and Rosario's Epicureo,
Ltd. d/b/a Urbani Truffles & Caviar U.S.A. dated August 7, 2001.

Exhibits
--------

Exhibit No. Description of Exhibit
----------- ----------------------

10.1 Agreement and Plan of Merger by and among Sattel Global
Networks, Inc., Urbani Acquisition Corp. and Rosario's
Epicureo, Ltd. d/b/a Urbani Truffles & Caviar U.S.A. dated
August 7, 2001

99.1 Default Judgment filed September 25, 2001 with the
United States District Court, Central District of
California

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized this 19th day of November, 2001.

SATTEL GLOBAL NETWORKS, INC.

/s/ Daniel Motsinger
---------------------
Daniel Motsinger, President

In accordance with the Exchange Act, this report has been signed below by
the following persons on behalf of the registrant and in the capacities and on
the dates indicated.

/s/ Daniel Motsinger
---------------------
Daniel Motsinger,
President, Treasurer & Director 11/19/2001

/s/ Richard Muller
---------------------
Richard Muller, Secretary & Director 11/19/2001