SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No._____1______)*
Global Technologies, Ltd.
(formerly, Interactive Flight Technologies, Inc.)
-----------------------------------------------------
(Name of Issuer)
Class A Common Stock, $.01 par value
-------------------------------------------------------------
(Title of Class of Securities)
378949101
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(CUSIP Number)
December 31, 2000
----------------------------------------------------
(Date of Event)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[XX] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 6 pages
CUSIP No. 378949101 13G/A Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Rosalind Davidowitz
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 387,672
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 446,748
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 387,672
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
446,748
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
834,420
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
-------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 378949101 13G/A Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. Morton Davis
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 446,748
BENEFICIALLY --------------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 387,672
REPORTING --------------------------------------------------------------
PERSON 7 SOLE DISPOSITIVE POWER
WITH 446,748
--------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
387,672
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
834,420
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.8%
-------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 4 of 6 Pages
Item 1. (a) Name of Issuer:
Global Technologies, Ltd.
(formerly, Interactive Flight Technologies, Inc.)
(b) Address of Issuer's Principal Executive Offices:
135 East 57th Street
New York, NY 10022
Item 2. (a) Name of Person Filing:
Rosalind Davidowitz and J. Morton Davis (together, the
"Reporting Parties").
(b) Address of Principal Business Office:
Mr. Davis' business address is c/o D.H. Blair Investment
Banking Corp. ("Blair"), 44 Wall Street, New York, NY 10005.
Mrs. Davidowitz's address is 7 Sutton Place South, Lawrence,
New York, 11559.
(c) Citizenship:
United States.
(d) Title of Class of Securities:
Common Stock, $.01 par value ("shares")
(e) CUSIP Number:
378949101
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the
Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of
the Act
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act of 1940
(e) [ ] An investment adviser in accordance with 240.13d-1
(b)(1)(ii)(E)
(f) [ ] An employee benefit Plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F)
(g) [ ] A parent holding Company or control person in
accordance with 240.13d-1(b)(1)(ii)(G)
(h) [ ] A savings associations as defined in Section 3(b) of
the Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940.
Page 5 of 6 Pages
Item 4. Ownership.
(a) (b) Mrs. Davidowitz may be deemed to beneficially own 834,420
shares or 7.8% of the Issuer's shares as follows: (i) 387,672
shares owned directly by her, (ii) 426,948 shares owned by her
husband (1) (2), and (iii) 19,800 shares owned by Blair.
Mr. Davis may be deemed to beneficially own 834,420 shares
or 7.8% of the Issuers shares as follows: (i) 426,948 shares
owned by him; (ii) 19,800 shares owned by Blair (1), and (iii)
387,672 shares owned by his wife.
(c) Mrs. Davidowitz has sole voting and dispositive control of shares
owned by her. Mr. Davis has sole voting and dispositive power
over shares owned by him and by Blair.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
______________________________________________________________________________
(1) Mr. Davis is Mrs. Davidowitz's husband and the sole shareholder of
Blair.
(2) The filing of this statement shall not be deemed an admission by Mrs.
Davidowitz that she beneficially owns the securities attributed to her husband
or Blair for any purpose or an admission by Mr. Davis that he beneficially owns
the securities attributed to his wife. Mrs. Davidowitz expressly disclaims
beneficial ownership of all securities owned beneficially by Mr. Davis. Mr.
Davis expressly disclaims beneficial ownership of all securities owned
beneficially by his wife.
Page 6 of 6 pages
Item 10. Certification.
By signing below, we certify that, to the best of our knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 12, 2001 /s/ Rosalind Davidowitz
Lawrence, New York ____________________________
Rosalind Davidowitz
Dated: February 12, 2001 /s/ J. Morton Davis
New York, New York _____________________________
J. Morton Davis