FORM 3
OMB Approval
OMB Number 3235-0104
Expires: February 1, 1994
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 if no longer subject to Section 16, Form 4 or Form 5, Obligation may
continue. See Instructions
_X_ Form 3 Holdings Reported
___ Form 4 Transaction
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<S> <C>
1. Name and Address of Reporting Person: Max, Audrey
6781 W. Sunrise Blvd.
Plantation, FL 33313
2. Date of Event Requiring Statement: 07-06-1999
3. IRS or SSN of Reporting Person (Voluntary):
4. Issuer Name and Tickler or Trading Symbol: GSIT
5. Relation of Reporting Person to Issuer: _ Director
_ 10% owner
X Officer (Title): Executive V.P.,
CEO & Treasurer
_ Other (Specify):
6. If Amendment, Date of Original:
7. Individual or Joint/Group Filing: X Filed by One Reporting
Person.
_ Filed by more than One
Reporting Person.
TABLE I - NON-DERIVATIVE SECURITIES BENEFICIALLY
OWNED
1. Title of Security: Common Stock Common Stock
2. Amount of Securities Beneficially Owned 764,875 100,000
3. Ownership Form; Direct (D) or Indirect (I): D I
4. Nature of Indirect Beneficial Ownership: N/A By Spouse
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*If the form is filed by more than one Reporting Person, see instruction 5(b)(v)
Reminder: Report on a separate Line for each class of securities beneficially
owned directly or indirectly.
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TABLE II - DERIVATIVE SECURITIES BENEFICIALLY
OWNED
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1. Title of Derivative Security: N/A
2. Date Exercisable and Expiration Date:
3. Title and Amount of Underlying Securities:
4. Conversion or Exercise Price of Derivative
Securities:
5. Ownership of Derivative Securities;
Direct (D) or Indirect (I):
6. Nature of Indirect Benefical Ownership:
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EXPLANATION OF RESPONSES:
/s/ Audrey Max Date: 09/09/99
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Audrey Max
Executive V.P., CEO, & Treasurer
