UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Montellaro, Lee
c/o Global Telecommunication Solutions, Inc.
10 Stow Road, Suite 200
Marlton, NJ 08053
USA
2. Date of Event Requiring Statement (Month/Day/Year)
June 1, 1999
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
Global Telecommunication Solutions, Inc.
GTST
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chief Financial Officer
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Beneficially Owned |
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1. Title of Security |2. Amount of |3. Ownership |4. Nature of Indirect |
| Securities | Form: | Beneficial Ownership |
| Beneficially | Direct(D) or | |
| Owned | Indirect(I) | |
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<S> <C> <C> <C>
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<CAPTION>
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Table II -- Derivative Securitites Beneficially Owned |
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1.Title of Derivative |2.Date Exer- |3.Title and Amount | |4. Conver-|5. Owner- |6. Nature of Indirect |
Security | cisable and | of Underlying | |sion or |ship | Beneficial Ownership |
| Expiration | Securities | |exercise |Form of | |
| Date(Month/ |-----------------------|---------|price of |Deriv- | |
| Day/Year) | |Amount |deri- |ative | |
| Date | Expira- | |or |vative |Security: | |
| Exer- | tion | Title |Number of|Security |Direct(D) or | |
| cisable | Date | |Shares | |Indirect(I) | |
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<S> <C> <C> <C> <C> <C> <C> <C>
Stock Options |12/1/99 |12/1/04 |Common Stock |120,000 |$0.75 |D |- |
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Stock Options |6/1/00 |6/1/05 |Common Stock |120,000 |$1.25 |D |- |
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Stock Options |6/1/01 |6/1/06 |Common Stock |40,000 |$1.75 |D |- |
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Stock Options |6/1/02 |6/1/07 |Common Stock |40,000 |$2.00 |D |- |
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</TABLE>
Explanation of Responses:
SIGNATURE OF REPORTING PERSON
/s/ Lee Montellaro
DATE
June 2, 1999
