U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

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1.   Name and Address of Reporting Person*

  Durando                           Ronald                 A.
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   (Last)                           (First)             (Middle)


                            c/o Packetport.com, Inc.
                             587 Connecticut Avenue
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                                    (Street)

   Norwalk                            CT                 06854
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   (City)                           (State)              (Zip)


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2.   Issuer Name and Ticker or Trading Symbol


                           Packetport.com, Inc. (PKPT)
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3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)



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4.   Statement for Month/Year

                                   AUGUST 2000

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5.   If Amendment, Date of Original (Month/Year)


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6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [X]  10% Owner
     [X]  Officer (give title below)           [_]  Other (specify below)

                      Chief Executive Officer and Director
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7.   Individual or Joint/Group Filing (Check applicable line)

     [_]  Form filed by one Reporting Person
     [X]  Form filed by more than one Reporting Person
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                                     Table I -- Non-Derivative Securities Acquired, Disposed of,
                                                        or Beneficially Owned
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                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:     7.
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                                      2.            Code         ------------------------------- Owned at End   (D) or    Indirect
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
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Common Stock, $.003 par value                                                                    4,500,000(1)       I         Y
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(1)  These securities are owned directly by Packetport, Inc., a ten percent owner of the issuer, and indirectly by Ronald Durando as
     the sole  shareholder of Packetport,  Inc. Ronald Durando is a director,  Chief Executive  Officer and ten percent owner of the
     issuer.






*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

                            (Print or Type Response)                      (Over)


FORM 4 (continued)



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                           Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
                                   (e.g., puts, calls, warrants, options, convertible securities)
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                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
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Options to purchase
Common Stock, $.003
par value                                                                                                1,500,000(1)   I     Y
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Options to purchase
Common Stock, $.003                                                            Common
par value            $1.00   8/30/00  A        350,000(2)              8/30/05 Stock     350,000(2)        350,000(2)   D
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Explanation of Responses:

(2)  These securities are owned directly by Ronald Durando,  a ten percent owner of the issuer,  and indirectly by Packetport,  Inc.
     Mr. Durando is the sole officer and shareholder of Packetport,  Inc. Ronald Durando is a director,  Chief Executive Officer and
     ten percent owner of the issuer.




          /s/ Ronald A. Durando                             September 23, 2002
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      **Signature of Reporting Person                             Date


          /s/ Ronald A. Durando                             September 23, 2002
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TITLE:  SOLE OFFICER and SHAREHOLDER of                           Date
        PACKETPORT, INC.


**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:File three copies of this Form,  one of which must be manually  signed.  If
     space provided is insufficient, see Instruction 6 for procedure.