Sinobull Financial Group (fka GTCI)

[myDDdotcom]

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
http://www.pinksheets.com/quote/filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0000912057%252D01%252D5...

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FORM S-8

REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933







SIGNATURES


The Registrant. Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf of the undersigned, thereunto duly authorized, in the City of Vancouver, British Columbia, on October 9, 2001.

GLOBAL TELEPHONE
COMMUNICATION, INC.



BY:

/s/ TERRY WONG
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TERRY WONG
President

TERRY WONG President and Director October 9, 2001

/s/ THOMAS J. KENNEDY
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THOMAS J. KENNEDY

Director and Treasurer (Principal Financial and Accounting Officer) and Secretary

October 9, 2001








October 1, 2001 3329S8

Mr. Terry Wong
President
Global Telephone Communication, Inc.
1700 - 355 Burrard Street
Vancouver, B.C. V6E 2G8
CANADA

Re: Legal Opinion for Global Telephone Communication, Inc. S-8 Registration Statement and my Consent for Filing this Opinion as an Exhibit to the S-8 Registration Statement

Dear Mr. Wong:

At your request, I have examined the form of Registration Statement No. 333- which Global Telephone Communication, Inc. (the "Company") is filing with the Securities and Exchange Commission, on Form S-8 (the "Registration Statement"), in connection with the registration under the Securities Act of 1933, as amended, of 4,470,000 shares of your Common Stock (the "Shares") issuable pursuant to those certain Consulting Agreements (the "Agreements").

In rendering the following opinion, I have examined and relied only upon the documents, and certificates of officers and directors of the Company as are specifically described below. In my examination, I have assumed the genuineness of all signatures, the authenticity, accuracy and completeness of the documents submitted to me as originals, and the conformity with the original documents of all documents submitted to me as copies. My examination was limited to the following documents and no others:


5.
The Agreements.
I have not undertaken, nor do I intend to undertake, any independent investigation beyond such documents and records, or to verify the adequacy or accuracy of such documents and records.

Based on the foregoing, it is my opinion that the Shares to be issued under the Agreements, subject to effectiveness of the Registration Statement and compliance with applicable blue sky laws, and execution of the Agreements in the form referred to herein, when issued pursuant to the Agreements, will be duly and validly authorized, fully paid and non-assessable.

I express no opinion as to compliance with the securities or "blue sky" laws of any state in which the Shares are proposed to be offered and sold or as to the effect, if any, which non-compliance with such laws might have on the validity of issuance of the Shares.

I consent to the filing of this opinion as an exhibit to any filing made with the Securities and Exchange Commission or under any state or other jurisdiction's securities act for the purpose of registering, qualifying or establishing eligibility for an exemption from registration or qualification of the Shares described in the Registration Statement in connection with the offering described therein. Other than as provided in the preceding sentence, this opinion (i) is addressed solely to you, (ii) may not be relied upon by any other party, (iii) covers only matters of Nevada and federal law and nothing in this opinion shall be deemed to imply any opinion related to the laws of any other jurisdiction, (iv) may not be quoted or reproduced or delivered by you to any other person, and (v) may not be relied upon for any other purpose whatsoever. Nothing herein shall be deemed to relate to or constitute an opinion concerning any matters not specifically set forth above.


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By giving you this opinion and consent, I do not admit that I am an expert with respect to any part of the Registration Statement or Prospectus within the meaning of the term "expert" as used in Section 11 of the Securities Act of 1933, as amended, or the Rules and Regulations of the Securities and Exchange Commission promulgated thereunder.

Very truly yours,



CARMINE J. BUA, III





INDEPENDENT AUDITORS' CONSENT


We consent to the incorporation by reference in this Registration Statement of Global Telephone Communication, Inc. on Form S-8 of our report dated March 16, 2001, appearing in the Annual Report on Form 10-KSB of Global Telephone Communication, Inc. for the year ended December 31, 2000, and to the reference to us under the heading "Experts" in the Prospectus, which is part of this Registration Statement.

MERDINGER, FRUCHTER, ROSEN & CORSO, P.C.
Certified Public Accountants

Los Angeles, California
October 5, 2001



imho, Jerome