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: June 8, 2000
GS TELECOM LIMITED
(Exact name of registrant as specified in its charter)
COLORADO 0-13313 36-3296861
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
Enterprise House, Ocean Village, Southampton, England
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 011-44-870 710 6390
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Item 1. CHANGES IN CONTROL OF REGISTRANT
None.
Item 2. ACQUISITION OR DISPOSITION OF ASSETS
None.
Item 3. BANKRUPTCY OR RECEIVERSHIP
None.
Item 4. CHANGES IN ACCOUNTANTS
None.
Item 5. OTHER EVENTS
On June 2, 2000 Registrant signed an agreement to acquire Snowstorm
Development Limited, a small software development company associated with
Reading University (and based at Reading University). Snowstorm Development
Limited has a number of communication products (generically called Vmail)
allowing added value Internet communications.
Also on June 2, 2000 Registrant signed and agency agreement with
Argonet Payments System Limited. This complements the ATTM debit card by
allowing secure credit card payments. The combination allows Registrant to
provide a turnkey payment solution to Internet vendors. There was no
consideration paid. It was a straight agency (commission) agreement.
Item 6. BOARD OF DIRECTORS
None.
Item 7. FINANCIAL STATEMENTS PRO FORMA FINANCIAL & EXHIBITS
Exhibit 1 - Share Purchase Agreement among Adrian Clarke,
Wendy Elizabeth Lugner, Kenneth Fraser Shimmin, Peter Butler,
and GS Telecom Limited
Exhibit 2 - Agency Agreement between GS Telecom Limited and
Argonet Payment Systems Limited
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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 thereunto duly authorized.
Date: June 8, 2000 GS TELECOM LIMITED
/s/ C.P. Gervaise-Brazier
By: ------------------------------------
C.P. Gervaise-Brazier
President
