SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
Filed pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and Rule 13a-17
or 15d-17 thereunder
Global Telecommunication Solutions, Inc.
(Exact name of issuer as specified in charter)
40 Elmont Road, Elmont, New York 11003
(Address of principal executive offices)
Issuer's telephone number, including area code (516) 326-1940
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of five percent or more in the number
of shares outstanding:
1. Title of Security: Common Stock, par value $.01 per share
2. Number of shares outstanding before the change: 4,912,801
Number of shares outstanding after the change: 5,512,801
Effective date of change: May 15, 1996
3. Method of Change: Specify method (such as merger, acquisition,
exchange, distribution, stock split, reverse
split, acquisition of stock for treasury, etc.) Private Offering
4. Give brief description of transaction: "Best Efforts 20 Unit Minimum/30
Unit Maximum" Private Offering, each Unit consisting of 20,000 shares
of Common Stock and 40,000 Common Stock Purchase Warrants at price of
$100,000 per Unit. Each Warrant entitles the holder thereof to purchase
one share of Common Stock for $4.00 until December 14, 1999.
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: Not Applicable
2. Name after change:
3. Effective date of charter amendment changing name:
4. Date of shareholder approval of change, if required:
Date: May 21, 1996
/s/ Maria Bruzzese
_______________________________________
Maria Bruzzese, Chief Financial Officer
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