SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report March 23, 2000 GS TELECOM LIMITED (Exact name of registrant as specified in its charter) COLORADO 0-13313 36-3296861 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) Enterprise House, Ocean Village, Southampton SO14 3XD - ----------------------------------------------------- United Kingdom of Great Britain - ------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (44) 0870 710 6390 Item 1. CHANGES IN CONTROL OF REGISTRANT None. Item 2. ACQUISITION OR DISPOSITION OF ASSETS The registrant has assigned certain Rights to Intellectual Property from its Manex companies interests to Mediafusion, Inc. for development while retaining 10% of the net profits form sale of license of the Intellectual property. The company can increase its share to 15% of the net profits upon the payment by registrant. Item 3. BANKRUPTCY OR RECEIVERSHIP None. Item 4. CHANGES IN ACCOUNTANTS None. Item 5. OTHER EVENTS None. Item 6. RESIGNATIONS AND APPOINTMENTS TO THE BOARD OF DIRECTORS None. Item 7. FINANCIAL STATEMENTS PRO FORMA FINANCIAL & EXHIBITS Exhibits: A. Assignment of Rights to Intellectual Property from Registrant to Mediafusion, Inc. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: March 23, 2000 GS TELECOM LIMITED By:_______________________________ C.P. Gervaise-Brazier President