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 (Date of earliest event reported): April 8, 2003
                                                           -------------


                                    GSV, Inc.
                                    ---------
             (Exact name of registrant as specified in its charter)


   Delaware                         0-23901                      13-3979226
   --------                         -------                      ----------
(State or other             (Commission File Number)            (IRS Employer
 jurisdiction of                                             Identification No.)
 incorporation)




                        191 Post Road, Westport, CT 06880
                        ---------------------------------
               (Address of principal executive offices, zip code)


       Registrant's telephone number, including area code: (203) 221-2690
                                                           --------------


                                       N/A
                                       ---
          (Former name or former address, if changed since last report)

Item 9. Regulation FD Disclosure

     On April 8,  2003,  GSV,  Inc.  (the  "Company"),  signed a term sheet with
Polystick  U.S. Corp.  ("Polystick")  for the purchase by the Company of all oil
and gas related  properties owned by Polystick.  Pursuant to the term sheet, the
consideration to be paid by the Company,  valued at $2.65 million,  will consist
of 4,500,000 shares of common stock of the Company valued at $0.25 per share and
1,500,000  shares of Series B convertible  preferred  stock of the Company.  The
Series B  convertible  preferred  stock will be  convertible  into shares of the
Company's  common  stock at a price of  $1.00  per  share,  subject  to  certain
antidilution  adjustments.  Polystick will have the right, pursuant to the terms
of the Series B preferred  stock,  to elect up to three members of the Company's
board of directors.  The purchase  price is subject to  adjustment  based on the
Company's due diligence investigation of Polystick and its assets.  Consummation
of the  transaction  is  subject  to the  completion  of due  diligence  and the
negotiation and execution of a definitive  purchase  agreement.  Consummation of
the transaction is also subject to the prior  repurchase or redemption of all of
the outstanding shares of the Company's existing Series A preferred stock.

     Polystick  presently owns 850,000 shares, or 32.2%, of the Company's
outstanding common stock.

Item 7. Financial Statements and Exhibits

(c)

Exhibit No.     Description

2.1             Term sheet by and between GSV, Inc. and Polystick U.S. Corp.

                                   SIGNATURE
                                   ---------

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                           GSV, INC.
                                           (Registrant)



Dated:  April 8, 2003                      By: /s/ Gilad Gat
                                               -------------
                                               Gilad Gat
                                               Chief Executive Officer
                                               (Principal Executive Officer)


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