-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 K0MuiSdDPO9grxoA/AheNhrv3S8NWrTNr3tNp7Dyp/EjseoxCs52DX+OOBXeuc7W
 uOnkxS3D8JCBTDQmYfm4kg==

<SEC-DOCUMENT>0000931731-03-000429.txt : 20031120
<SEC-HEADER>0000931731-03-000429.hdr.sgml : 20031120
<ACCEPTANCE-DATETIME>20031120143549
ACCESSION NUMBER:		0000931731-03-000429
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031015
FILED AS OF DATE:		20031120

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELCO BLUE INC
		CENTRAL INDEX KEY:			0001123219
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED RUBBER PRODUCTS, NEC [3060]
		IRS NUMBER:				431798970
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 500
		STREET 2:		388 MARKET STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		604-628-5278

	MAIL ADDRESS:	
		STREET 1:		SUITE 610
		STREET 2:		1111 MELVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3V6

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WAVE POWER NET INC
		DATE OF NAME CHANGE:	20000831

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			INCALL SYSTEMS INC
		CENTRAL INDEX KEY:			0001072988
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATION SERVICES, NEC [4899]
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16099
		FILM NUMBER:		031015313

	BUSINESS ADDRESS:	
		STREET 1:		388 MARKET STREET
		STREET 2:		SUITE 500
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94111
		BUSINESS PHONE:		604-628-5278

	MAIL ADDRESS:	
		STREET 1:		SUITE 610, 1111 MELVILLE STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3V6
	FORMER NAME:		
	FORMER CONFORMED NAME:	ICALL SYSTEMS INC /NV/
	DATE OF NAME CHANGE:	20010619
</FORMER-NAME>
	FORMER NAME:		
	FORMER CONFORMED NAME:	ALTREX INC
	DATE OF NAME CHANGE:	19990517
</FORMER-NAME>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>icas-form4tlcb101503_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-10-15</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001123219</issuerCik>
        <issuerName>TELCO BLUE INC</issuerName>
        <issuerTradingSymbol>TLCB</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001072988</rptOwnerCik>
            <rptOwnerName>INCALL SYSTEMS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>388 MARKET STREET</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 500</rptOwnerStreet2>
            <rptOwnerCity>SAN FRANCISCO</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94111</rptOwnerZipCode>
            <rptOwnerStateDescription>BRITISH COLUMBIA, CANADA</rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-10-15</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-10-15</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
            <footnoteId id="F1"/>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>150000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.01</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>4842500</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-11-03</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-11-03</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>160000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.013</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>4682500</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-11-04</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-11-04</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>S</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>350000</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.013</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>4332500</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
   <footnotes>
      <footnote id="F1"> Private sale</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Mark Crimeni, President, CEO on behalf of inCall Systems, Inc.</signatureName>
      <signatureDate>2003-11-19</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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