SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENT FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. __)*
GLOBAL TELECOMMUNICATION SOLUTIONS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
37935Y206
- --------------------------------------------------------------------------------
(CUSIP Number)
October 25, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
--------------
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
- ----------------
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, SEE the
NOTES).
<PAGE>
- ---------------------------------- ------------------------------
CUSIP No. 37935Y206 13G Page 2 of 5 Pages
- ---------------------------------- ------------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Wien Securities Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OR ORGANIZATION
New Jersey
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,229,651 shares
OWNED BY
EACH ----------------------------------------------------------------
REPORTING
PERSON WITH
6 SHARED VOTING POWER
0 shares
----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
1,229,651 shares
----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,229,651 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.4%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BD
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
- ---------------------------------- ------------------------------
CUSIP No. 37935Y206 13G Page 3 of 5 Pages
- ---------------------------------- ------------------------------
Item 1.
(a) Name of Issuer: Global Telecommunication Solutions, Inc.
(b) Address of Issuer's Principal Executive Offices:
10 Stow Road, Suite 200
Marlton, New Jersey 08053
Item 2.
(a) Name of Person Filing: Wien Securities Corp.
(b) Address of Principal Business Office, or if none, Residence:
525 Washington Boulevard
Suite 3600
Jersey City, New Jersey 07310
(c) Place of Organization: New Jersey
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 37935Y206
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not Applicable
(a) /X/ Broker or dealer registered under Section 15 of the
Exchange Act.
(b) / / Bank as defined in section 3(c)(6) of the Exchange
Act.
(c) / / Insurance company as defined in section 3(a)(19) of
the Exchange Act.
(d) / / Investment company registered under section 8 of the
Investment Company Act.
(e) / / An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) / / A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) / / A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act.
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box.
/ /
Item 4. Ownership
(a) Amount Beneficially Owned: 1,229,651 shares.
(b) Percent of Class: 8.4%.
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: 1,229,651 shares.
(ii) shared power to vote or direct the vote: 0 shares.
<PAGE>
- ---------------------------------- ------------------------------
CUSIP No. 37935Y206 13G Page 4 of 5 Pages
- ---------------------------------- ------------------------------
(iii) sole power to dispose or direct the disposition of:
1,229,651 shares.
(iv) shared power to dispose or direct the disposition of:
0 shares.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
<PAGE>
- ---------------------------------- ------------------------------
CUSIP No. 37935Y206 13G Page 5 of 5 Pages
- ---------------------------------- ------------------------------
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: January 31, 2000 WIEN SECURITIES CORP.
By: /s/ Brett Wien
--------------------------------
Name: Brett Wien
Title:Vice President
