form3wcr.doc
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
FORM 3
OMB Approval
OMB Number: 3235-0104
Expires: April 30, 1997
Estimated average burden hours per response: .5
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.
1. Name and Address of Reporting Person Ray, William C.
200 North Elm Street
Greensboro, NC 27401
2. Date of Event Requiring Statement October 24, 1997
(Month/Day/Year)
3. IRS or Social Security Number of
Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Network Systems
Symbol: International, Inc.
(NESI)
5. Relationship of Reporting Person to Officer
Issuer
(Check all applicable)
6. If Amendment, Date of Original N/A
Table I - Non-Derivative Securities Beneficially Owned
1. Title of 2. Amount of 3. Ownership 4. Nature
Security Securities Form: Direct of Indirect
Beneficially (D) or Indirect Beneficial
Owned (I) Ownership
Common Stock 342,385 D
Table II - Derivative Securities Beneficially Owned
1. Title of Derivative Security N/A
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying
Derivative Security
4. Conversion or Exercise Price of Derivative
Security
5. Ownership form of Derivative Security: Direct
(D) or Indirect (I)
Nature of Indirect Beneficial Ownership
/s/ William C. Ray
Signature of Reporting Person
Date: 11/03/97
