PHONE CARD COMPANY TO OFFER IPO

     Global Telecommunication Solutions (GTS) plans to go public
before the end of the year.  GTS has "carved a niche in the
mushrooming" $200M phone-card market by acquiring the rights to
high profile licenses, including the NFL, MLB, MLBPA and Marvel
Comics.  The proposed NASDAQ offering would trade under the TELE
symbol, with 1.5M shares offered at $5 in hopes of raising cash
to grow GTS.  The company plans to use the IPO to finance
additional marketing activities and to establish a "better
distribution network which would include phonecard vending
machines in sports arenas and travel centers" (Terry Lefton,
BRANDWEEK, 11/28).