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

                                October 16, 2000
                        (Date of Earliest Event Reported)

                          SATTEL GLOBAL NETWORKS, INC.
             (Exact Name of Registrant as Specified in its Charter)

                                 9172 Eton Ave.
                          Chatsworth, California 91311
                    (Address of Principal Executive Offices)

                            818-709-6201 (Telephone)
                               818-709-6462 (Fax)

                               OSTEO SYSTEMS, INC.
                                 2449 Lyric Ave.
                              Los Angeles, CA 90027
                        (Former Name and Former Address)

      Colorado                                                   95-3966863
 (State  or  other                 (Commission                 (IRS  Employer
 jurisdiction  of                  File Number)             Identification  No.)
  incorporation)
ITEM  5.          OTHER  EVENTS

        Sattel Global Networks, Inc., a Delaware corporation, and Osteo Systems,
Inc.  have  entered  into a formal arrangement whereby Osteo Systems, Inc. would
acquire all the assets of Sattel Global Networks, Inc.   The transaction has not
been  consummated  but  if,  and  when  it  does,  the  Registrant  will  file a
comprehensive  Form  8-K  with  all  the  appropriate  exhibits  as  required.

ITEM  6.          RESIGNATIONS  OF  DIRECTORS  AND  EXECUTIVE  OFFICERS

        On  October  16,  2000, the Company's former Secretary and Treasurer and
Director,  Kendall  Dorsett,  the  Company's  Executive  Vice-President, Suzanne
Sorensen,  and  Roland  K.  Fink,  as  President  and  Director  tendered  their
resignations.  The  Company  appointed  George  Weischadle,  as  President  and
Director,  Stanley  Cohen  as  Vice-President and Director, Werner F. Grieder as
Treasurer  and  Director,  Darrell Cho as Secretary, Wayne Goettsche as Director
and  J.  Edgar  Benavente  as  a  Director.

EXHIBITS

            Exhibit  No.      Exhibit  Description

               17             Resignation  of  Roland  W. Fink
               17.1           Resignation  of  Kendall Dorsett
               17.2           Resignation  of  Suzanne Sorensen
               17.3           Directors'  Consent Reolustion
               17.4           Unanimous  Written Consent of The  Directors  of
                                 Sattel  Global  Networks,  Inc.




                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant  has  duly caused this Current Report on Form 8-K to be signed on its
behalf  by  the  undersigned  hereunto  duly  authorized.






                       By  /s/_________________________
                                 Georeg  Weischadle,  President

                                 Date:  November  1,  2000