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

FORM 8-K

CURRENT REPORT

~~Pursuant~~PURSUANT toTO ~~Section~~ SECTION 13 orOR 15(d) ofOF THE ~~the~~SECURITIES ~~Securities~~EXCHANGE ~~Exchange~~ACT ~~Act~~OF of 1934

Date of ~~Report:~~report ~~January~~(Date 23of earliest event reported): April 17, 2001

~~GlobalMedia~~GLOBALMEDIA.~~com~~COM (Exact ~~name~~Name of ~~registrant~~Registrant as ~~specified~~Specified in ~~its~~Its ~~charter~~Charter)

~~Nevada~~ NEVADA (State or ~~other~~Other ~~jurisdiction~~Jurisdiction of ~~incorporation or organization~~Incorporation) ~~91-1842480 (I.R.S. Employer Identification No.)~~

~~400~~0-23491 ~~Robson~~(Commission ~~Street Vancouver,~~File ~~B.C. CANADA~~Number) ~~V6B 2B4~~ 91-1842480 (IRS Employer Identification No.)

P.O. Box 2096, 349 W. Georgia Vancouver, BC, Canada V6B 3T2 (Address of ~~principal~~Principal ~~executive~~Executive ~~offices~~Offices) (Zip Code)

(604) ~~688~~448-~~9994~~8812 (Registrant's Telephone Number, Including Area Code)

~~(Registrant's~~ Item ~~telephone~~5. Other ~~number, including area code)~~ Events.

1 On April 17, 2001, GlobalMedia.com (the "Company") issued a press release announcing that on April 16, 2001, the Company received notification from the Nasdaq Listing Qualification Panel that the Company's common stock would be delisted from the Nasdaq Stock Market at the opening of business on April 17, 2001. In that press release, the Company also announced that, effective at the opening of business on April 17, 2001, the Company's common stock would begin trading on the NASD Over-the-Counter Bulletin Board under the symbol "GLMC.OB".

~~Item~~ On April 19, 2001, the Company issued a press release announcing a transaction with Radly Corporation Ltd. ("RCL"), a privately-held Australian corporation and a strategic alliance agreement with ISIS Communications Limited, a publicly-traded Australian corporation ("ISIS"), pursuant to a non-binding letter of intent between the companies (the "LOI"). RCL owns 45.5% of ISIS' common stock. ~~Other~~Under ~~Events~~ the terms of the LOI, the Company will issue common stock and grant options to purchase Series C Convertible Preferred Stock to the RCL shareholders in exchange for One Hundred percent (100%) of RCL's common stock and up to $1.5 million in cash. Contemporaneously with the closing of the transaction, the Company will enter into a strategic alliance agreement with ISIS, of which the Company will be ISIS' sole server for Internet and web development consulting services. Closing of the transactions is expected occur May 2001, subject to the completion of due diligence, any required corporate approvals and the execution of definitive agreements.

~~The~~Item ~~Company is filing this Current Report on Form~~7. ~~8-K~~Financial ~~in order to provide the information contained in its press release dated January 23~~Statements, ~~2001,~~Pro ~~which~~Forma isFinancial ~~included~~Information asand ~~Exhibit 99.1 to this report.~~ Exhibits

(c)

Exhibits

99.1: Press Release announcing delisting, dated April 17, 2001.
99.2: Press Release announcing transaction, dated April 19, 2001.

Item 7. Financial Statements and Exhibits.

SIGNATURE

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 thereunder duly authorized.

GLOBALMEDIA.COM (Registrant)
By	Barr Potter
	/s/ BARR POTTER Barr Potter, President and Chief Operating Officer January 26, 2001

SIGNATURES

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 hereunto duly authorized.

		GLOBALMEDIA.COM
Date: April 26, 2001		By:		/s/ MICHAEL METCALFE Michael Metcalfe Chairman and Chief Executive Officer

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