(X) Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2002

( ) Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to ___________

Indicate by check (X) whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES (X) NO ( )

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: 8,149,188 shares of common stock, $.001 par value per share, were outstanding as of April 30, 2002.

	March 31, 2002	December 31, 2001

ASSETS
Current Assets
Cash on Hand	10,000	68,960
Leonard W. Burningham Trust Account	153,960	0
United California Bank	70,830	0
Total Checking and Savings	234,790	68,960

Other Current Assets
Rent Deposit	6,256	0
Total Other Current Assets	6,256	0
Total current Assets	241,046	68,960
TOTAL ASSETS	241,046	68,960

LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Accounts payable	7,940	7,940
Notes payable - related parties	550,000	550,000
Total Liabilities	557,940	557,940

STOCKHOLDERS' EQUITY (DEFICIT)
Common stock; authorized 1,000,000,000 common shares, no par value; 8,149,188 issued and outstanding	219,110	158,575
Additional paid-in capital	193,356	26,392
Deficit accumulated during development stage	(673,947)	(673,947)
Net income	(55,414)	0
Total Stockholders' Equity (Deficit)	(316,894)	(488,980)

TOTAL LIABILITIES AND EQUITY	241,046	68,960

	Three Months Ended March 31, 2002	Three Months Ended March 31, 2001	From Inception on April 22, 1983 through March 31, 2002

REVENUES	-	-	-
Other income	-	-	40,000
Interest expense	-	-	(3,755)
EXPENSES
General and administrative	575	2,413
Bank service charges	148	-
Consulting fees	17,435	-
Miscellaneous	8,150	-
Office supplies	67	-
Payroll expenses - officers salary	24,500	-
Professional fees	750	-
Travel and entertainment	3,788	-
Total Expenses	55,414	2,413	765,606
Net Income (loss)	(55,414)	(2,413)	(729,361)

	For the Three Months Ended March 31, 2002	For the Three Months Ended March 31, 2001	From Inception on April 22, 1983 through March 31, 2002
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	55,414	2,413	729,361
Adjustments to reconcile Net Income to net cash used by
operating activities	-	-
Common stock issued for services	-	-	4,575
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable	-	2,413	7,970
Rent deposit	6,256	-	6,256
Net cash provided by operating activities	(61,670)	(2,413)	(723,102)
CASH FLOWS FROM INVESTING ACTIVITIES	-	-	-
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of common stock	217,500	-
Additional paid-in capital		-
Net cash provided by financing activities	217,500	-	948,432
NET INCREASE IN CASH	155,830	-	224,790
CASH AT BEGINNING OF PERIOD	68,690	-	10,000
CASH AT END OF PERIOD	234,790	-	234,790
CASH PAID FOR
Interest	-	-	-
Income taxes	-	-	-
SCHEDULE OF NON-CASH FINANCING ACTIVITIES
Common stock issued for services	-	-	4,575
Common stock rescinded	-	-	(175,000)
Subscription receivable rescinded	-	-	(100,000)

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Plan of Operation.
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GSL plans to assure or provide a guarantee of the services and products that are sold by Chinese clients into the US marketplace. We are not currently aware of any other company providing this service. Because the legal system in China is still in an uncertain organizational status for dealings with non-Chinese businesses, GSL will bridge the cultural and legal differences on behalf of its clients. The goal is to give confidence to foreign customers of Chinese companies so that greater trading volume can occur between the two countries.

GSL is intending to conduct business in five cities in China, initially, to demonstrate the ability of GSL to provide the services promised. Each Chinese city will have an operating company that is a wholly-owned subsidiary of GSL and an assurance company, which is partly owned by GSL and partly owned by the City in China through its governmental agencies. Each assurance company will be funded by the Chinese City, in US dollars, so that if any problems arise, these funds may be utilized to solve or minimize the problems. Fees will be charged to Chinese companies for the GSL services and also to US companies who seek to have the transaction with a particular GSL client guaranteed.

During the next 12 months, the Company's foreseeable cash requirements will relate to maintaining the Company in good standing, which will require legal and accounting services, the provision of office space in the United States, and the engagement of various employees and sales agents to market the GSL program, both in the US and in China. If the sums necessary are not available from operations or from private sales of equity, then they may be advanced by management or principal stockholders as loans to the Company. Any such sums would be subordinated to other debts outstanding at the time. To date, the company has raised approximately $307,500 in private placements, both from US investors and Chinese citizens, and we believe sufficient operating capital will be available for the remainder of 2002.

Results of Operations.
- ----------------------
The Company had no material operations for over five years. The Company incurred losses of ($421,465) for the year ended December 31, 2001, and ($244,787) for the year ended December 31, 2000. Primarily all of these expenses were utilized for attorney's fees, accounting fees and filing fees to maintain the Company in good standing, to file its and its subsidiary's S-4 Registration Statement with the Securities and Exchange Commission and to change its domicile to the British Virgin Islands.

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During the year ended December 31, 2001, capital contributions (and loans) by principal stockholders amounted to $550,000; and the amount of $5,288 was similarly contributed during the year ended December 31, 2000. The Company tentatively received $212,500 in stock subscriptions during the year ended December 31, 2000, primarily from Benchmark, pursuant to its Promissory Note payable to the Company, all of which has been returned and the transaction cancelled.

The Company is not a party to any pending legal proceeding and, to the knowledge of management, no federal, state or local governmental agency is presently contemplating any proceeding against the Company. No director, executive officer or affiliate of the Company or owner of record or beneficially of more than five percent of the Company's common stock is a party adverse to the Company or has a material interest adverse to the Company in any proceeding.

Pursuant to an S-4 Registration Statement and Joint Proxy Statement and Prospectus of the Company and its subsidiary filed with the Securities and Exchange Commission and granted an effective date of October 11, 2000, the stockholders of the Company voted on November 10, 2000, to redomicile the Company to the British Virgin Islands. Of the 3,300,750 shares of the Company entitled to vote, 2,726,350 voted for the proposal, with none against and none abstaining. On September 22, 2000, Bethurum Laboratories, Ltd. was incorporated in the British Virgin Islands as an International Business Company for the sole purpose of changing the domicile of the Company. On November 13, 2000, the Company filed Articles of Merger with the State of Utah, and on November 22, 2000, the Company filed Articles of Merger and a Plan of Merger with the Registry of Companies in the British Virgin Islands. Copies of this documentation were filed as exhibits to the Company's 8-K Current Report dated November 22, 2000. See Part III, Item 1. There have been no matters submitted to a Vote of Security Holders since that time.

Subsequent to December 31, 2001, the Company has sold 149,000 shares of common stock at prices ranging from $1.00 to $2.50 per share for total proceeds of $307,500 pursuant to an unregistered private placement of securities.

8-K Current Report dated January 8, 2002
8-K/A Current Report dated March 21, 2002

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on