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: January 12, 2001



                        Commission File Number 000-14692

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                         SINGLEPOINT SYSTEMS CORPORATION



               Minnesota                               41-1523657
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       State of Incorporation                I.R.S. Employer Identification No.



        4020 Moorpark Avenue, Suite 115, San Jose, California 95117-1845
                        Telephone Number: (408) 557-6500



                           Global MAINTECH Corporation
             7578 Market Place Drive, Eden Prairie, Minnesota 55344
                            (Former Name and Address)

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Item 1.  Rescission of Enterprise Solutions, Inc. Asset Purchase Agreement.

         Enterprise Solutions Inc. ("ESI") d.b.a. Singlepoint Systems, Inc., is
         a company acquired by Singlepoint Systems Corporation (formerly known
         as Global MAINTECH Corporation). The acquisition had an earn-out
         component to determine the ultimate price for this company. The
         earn-out period has ended and the amount determined by the earn-out is
         around approximately $11.1M. The Company does not have the capability
         of satisfying this amount, nor has it been determined that ESI is worth
         this amount. The approval to rescind the ESI acquisition will result in
         alleviating a potential $11.1M acquisition cost. (These are unaudited
         figures.)

         Both companies have exhausted every option to find a workable solution
         to benefit both the shareholders of SSCN and ESI, however it has been
         determined that the better course of action is to rescind this
         agreement. A Rescission Agreement was executed effective December 21,
         2000. All assets and liabilities belonging to ESI, will return to ESI's
         shareholders.

Item 2.  Board Approves Accelerated Foreclosure on The Breece Hill Technology
         Subsidiary and Subsequent Sale of Asset to MaxOptix.

         Effective December 22, 2000, an accelerated and consensual foreclosure
         by Hambrecht and Quist Guarantied Finance ("H&QGF") occurred. As
         reported in the Company's 8-K filing on November 9, 2000, the Company
         has been in financial distress. The Company's secured lender, H&QGF,
         felt necessary to accelerate foreclosure on the Breece Hill Technology
         subsidiary in order to cover the outstanding loans this and future
         outstanding earnouts totaled $ 24.87M.

         H&QGF was then able, through the foreclosure process, to find a buyer
         for the Breece Hill Technology subsidiary and was able through the
         foreclosure process to sell the asset to MaxOptix Corporation of
         Fremont, CA. This sale has satisfied the outstanding loan amount to
         Hambrecht and Quist and the Company will capture additional
         consideration in the form of MaxOptix stock and warrants.

         If these actions were not taken, the board had determined that the only
         other alternative was to file for Chapter 7 or restructure under
         Chapter 11.

Item 3.  Resignation of Mr. Trent Wong as CEO.

         Mr. Wong has resigned as CEO of the company, effective January 12,
         2001. The board has approved WildCat Management, Inc., using its
         principal Mr. Dale Ragan, to replace Mr. Wong as CEO. Back on November
         8, 2000, the board approved WildCat Management to be brought in to
         assist as an advisor to the board. Mr. Ragan has been a long time
         investor of the company.

Item 4.  Appointment of Mr. Ragan to the Board and Resignation of  Directors.

         The board has approved, effective January 8, 2001, the appointment of
         Mr. Dale Ragan to the Company's Board of Directors.

         Effective January 12, 2001, Mr. John Haugo, Mr. Bill Howdon, Mr. Dave
         McCaffrey, Mr. Jim Watson and Mr. Trent Wong have all resigned as
         Directors. Mr. Bill Howdon will remain as an advisor to the board.

Item 5.  Appointment of new corporate Counsel.

         Erhart and Associates, LLC of Anoka, Minnesota, has been appointed as
         corporate counsel for the Company.





                                    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 hereunto duly authorized.


                             Date: January 11, 2001


                         SINGLEPOINT SYSTEMS CORPORATION

       By: /s/ Mr. Dale Ragan acting on behalf of WildCat Management, Inc.
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                          Its: Chief Executive Officer
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