UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
GLOBESAT HOLDING CORP.
(Name of Issuer)
Common Stock ($0.01 par value)
(Title of Class of Securities)
379570 20 3
(CUSIP Number)
(Name Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Dr. Brian H. Price
135 West Beaver Creek Road
Richmond Hill, Ontario L4B 1O6
(905) 707-1962
June 20, 1997
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement of Schedule
13D to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1 (b)(3) or (4), check
the following box [ ].
CUSIP No. 379570 20 3
1) Names of Reporting Persons S.S. or I.R.S Identification Nos. Of Above Persons
21st Century Health Care Inc.
2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
3) SEC Use Only
4) Source of Funds
OO - Shares Acquired Pursuant to Finder's Agreement
5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e)
6) Citezenship or Place of Organization
CANADA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH (7-14)
7) Sole Voting Power: 750,000
8) Shared Voting Power: None
9) Sole Dispositive Power: 750,000
10) Shared Dispositive Power None
11) Aggregate Amounts Beneficially Owned By Each Reporting Person 750,000
12) Check Box if the Aggregate Amount in Row (11) Exceeds
Certian Shares
13) Percent of Class Represented by Amount Shown in Row (11) 6.48%
14) Type of Reporting Person IN
GLOBESAT HOLDING CORP.
SCHEDULE 13D
Item 1. Security and Issuer.
This statement relates to the Common Stock $0.01 par value per
share (the "Common Stock") of Globesat Holding Corp., a Utah corporation
(the "Company"), whose principal executive offices are located at BCE
Place, 181 Bay Street, Suite 1800, Toronto, Ontario M5J 2T9.
Item 2. Identity and Background.
This statement is filed by 21st Century Health Care Inc.
(a) Name: Dr. Brian H. Price
(b) Residence or business address: 135 West Beaver Creek, Richmond
Hill, Ontario.
(c) Sole director, officer and control person of 21st Century
Health Care Inc.
(d) None of the persons or entities or persons identified in this
Item during the last five years, has been convicted in a criminal
proceeding (excluding traffic violation or similar misdemeanors).
(e) None of the persons or entities identified in this Item during
the last five years, has been a party to a civil proceeding of a
judicial administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgement, decree or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws.
(f) Canadian permanent resident
Item 3. Source and Amount of Funds or other Consideration
The reporting persons received a total of 750,000 shares of the
Company's Common Stock issued in consideration of a Finder's Agreement
dated April 4, 1997 with respect to the acquisition of International
Monetrary Sercvices Inc., a Cayman Island exempt corporation ("IMS").
Item 4. Purpose of Transaction
The reporting persons assisted the Company and IMS to merge and recieved
the subject securities for services provided therewith.
Item 5. Interest in Securities of the Issuer.
(a) See Items 11 and 13 of second part of cover page
(b) See Items 7, 8, 9, and 10 of second part of cover page
(c) None
(d) None
(e) Not applicable
Item 6. Contracts, Arrangement, Understandings or Relationships
with Respect to the Securities of the Issuer.
None
Item 7. Material to be filed as Exhibits.
Share Purchase Agreement-incorporated by reference to the
Company's Form 8-K dated June 27,1997 and filed with the Commission on
June 30, 1997 wherein such document is filed as an exhibit
Agreement required pursuant to Regulation 13d-1(f)(1)(iii)
SIGNATURE
After reasonable inquiry and to the best of the undersigned('s')
knowledge and belief, the undersigned certify/certifies that the
information set forth in this statement is true, complete and correct.
Date: July 6, 1997 /s/ Dr. Brian H. Price
21st Century Health Care Inc.
