U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                    FORM 3

            INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
        Section 17(a) of the Public Utility Holding Company Act of 1935
            or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person*

   Sovereign Partners, LP
   (Last)  (First)  (Middle)

   c/o Southridge Capital Management LLC
   90 Grove St., Suite 01
   (Street)

   Ridgefield, CT 06877
   (City)  (State)  (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)

   3/17/99

3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)



4. Issuer Name and Ticker or Trading Symbol

   Global Intellicom, Inc. (GBIT)

5. Relationship of Reporting Person to Issuer (Check all applicable)

   / / Director                            /X/ 10% Owner
   / / Officer (give title below)          / / Other (specify below)

6. If Amendment, Date of Original (Month/Day/Year)



7. Individual or Joint/Group Reporting (Check applicable line)

   /X/ Form filed by One Reporting Person
   / / Form filed by More than One Reporting Person

* If the Form is filed by more than one Reporting Person, see instruction
  5(b)(v).



            Table I -- Non-Derivative Securities Beneficially Owned

                                  2. Amount      3. Ownership
                                     of Secu-       Form:
                                     rities         Direct      4. Nature of
                                     Bene-          (D) or         Indirect
                                     ficially       Indirect       Beneficial
                                     Owned          (I)            Ownership
1. Title of Security                 (Instr. 4)     (Instr. 5)     (Instr. 5)
- --------------------------------  -------------  -------------  ----------------
                                                       
Common Stock, $.01 par value        1,873,122          D
Series 10 Convertible Preferred
    Stock                                  25          D




         Table II--Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

                                                2. Date Exercisable
                                                   and Expiration Date  3. Title and Amount of Securities Underlying Derivative
                                                   (Month/Day/Year)        Security (Instr. 4)
                                                ----------------------  -----------------------------------------------------------
                                                Date                                                                     Amount or
1. Title of Derivative                          Exercis-    Expiration                      Title                        Number of
   Security (Instr. 4)                          able        Date                                                          Shares
- ----------------------------------------------  ----------  ----------  ----------------------------------------------  -----------
                                                                                                            
Series 10 Convertible Preferred Stock           Current       N/A       Common Stock, $.01 par value                     80,613(1)


                                                               5. Ownership
                                                                  Form of
                                                                  Derivative
                                                4. Conver-        Security:
                                                   sion or        Direct      6. Nature of
                                                   Exercise       (D) or          Indirect                   
                                                   Price of       Indirect        Beneficial
1. Title of Derivative                             Derivative     (I)             Ownership
   Security (Instr. 4)                             Security       (Instr. 5)      (Instr. 5)
- ----------------------------------------------  -------------  -------------  --------------
                                                                     
Series 10 Convertible Preferred Stock              .3101(1)          D


Explanation of Responses:

(1)  Reporting Person owns 25 shares of Series 10 Convertible Preferred Stock,
     having a liquidation preference of $1,000 per share. The number of shares
     of Common Stock is determined by dividing the liquidation preference of the
     shares being converted (plus any accrued by unpaid dividends) by a
     conversion price, which is 75% of the average closing bid price of the
     Common Stock for the five trading days immediately preceding the date of
     conversion. As of March 17, 1999, for example, the conversion rate was
     $0.3101 (75% of $0.4135), and the 25 shares of Convertible Preferred Stock
     would have converted into 80,613 shares of Common Stock. The exact
     conversion price and the number shares of Common Stock into which the
     Convertible Preferred Stock can be converted, however, can not be specified
     until the conversion date.

/s/ Daniel Pickett                                   3/25/99
- ---------------------------------------    --------------------------
Daniel Pickett, Secretary of
Southridge Capital Management, LLC,
GP of Sovereign Partners, LP
    **Signature of Reporting Person                   Date

** Intentional misstatements or omissions of facts constitute Federal Criminal
   Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).