<PAGE> 1
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                    FORM S-8

                            REGISTRATION STATEMENT
                                     UNDER
                          THE SECURITIES ACT OF 1933

                         SATTEL GLOBAL NETWORKS, INC.
        -------------------------------------------------------------
      (Exact Name of Small Business Issuer as specified in its charter)

              Colorado                               95-3966853
        --------------------                   ----------------------
      (State of incorporation)               (IRS Employer File Number)


           1004 Depot Hill Rd. Suite 1E, Broomfield, Colorado 80020
        -------------------------------------------------------------
                   (Address of principal executive offices)


                          STOCK COMPENSATION PLAN I
                           (Full title of the plan)

                              Dan Motsinger, CEO
                         Sattel Global Networks, Inc.
                        1004 Depot Hill Rd., Suite 1E
                         Broomfield, Colorado 80020
                   (Name and address of agent for service)

                                (303-404-9904)
        (Telephone number, including area code, of agent for service)

<TABLE>
<CAPTION>
                               CALCULATION OF REGISTRATION FEE


  Title of           Amount        Proposed Maximum      Proposed Maximum       Amount of
Securities To        To Be          Offering Price           Aggregate         Registration
Be Registered      Registered          Per Share         Offering Price(1)         Fee(1)
-------------      ----------      ----------------      -----------------     ------------
<S>                <C>             <C>                   <C>                   <C>
Common shares      1,001,000            $.60                 $600,600            $150.15

<FN>
(1)       Estimated solely for the purpose of calculating the registration fee
          pursuant to Rule 457.
</FN>
</TABLE>

<PAGE> 2
PART I

INFORMATION REQUIRED IN THE PROSPECTUS

Note: The document(s) containing the information concerning the 2001 Stock
Compensation Plan I (the "Plan") of Sattel Global Networks, Inc., a  Colorado
corporation (the "Registrant" or the "Company"), dated November  14,  2001
required by Item 1 of Form S-8 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and the statement of availability of registrant
information, consulting agreement and other information required by Item 2 of
Form S-8 will be sent or given to participants as specified in Rule 428. In
accordance with Rule 428 and the requirements of Part I of Form S-8, such
documents are not being filed with the Securities and Exchange Commission (the
"Commission") either as part of this registration statement on Form S-8 (the
"Registration Statement") or as prospectuses or prospectus supplements
pursuant to Rule 424. The Company will maintain a file of such documents in
accordance with the provisions of Rule 428. Upon request, the Company shall
furnish to the Commission or its staff a copy or copies of all of the
documents included in such file.

References in this document to "us," "we," or "the Company" refer to Sattel
Global Networks, Inc., its predecessor and its subsidiaries, if any.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.
         ----------------------------------------

The following documents, which have been filed by us with the Securities and
Exchange Commission, are hereby incorporated by reference into this
Prospectus:  Our Report on Form 10-KSB for the fiscal year ended December 31,
2000; our report on Form 8-K regarding a Change in Control and Disposition of
Assets filed September 30, 2001; and Form 10-QSB, filed November 19, 2001 for
the period ended September 30, 2001 and the Schedules attached to Form 14(c)
notification filed

All documents filed by us with the Commission pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this
Registration Statement and prior to the filing of a post-effective amendment
to this Registration Statement which indicates that all securities offered
hereby have been sold or which deregisters all securities then remaining
unsold shall be deemed to be incorporated in this Registration Statement by
reference and to be a part hereof from the date of filing of such documents.
All other reports filed by us pursuant to Section 13(a) or 15(d) of the
Exchange Act since December 31, 2000.

Any statement contained in this Registration Statement, in a supplement to
this Registration Statement or in a document incorporated by reference herein,
shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any
subsequently filed supplement to this Registration Statement or in any
document that is subsequently incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

Item 4.  Description of Securities.
         --------------------------

We are authorized to issue 100,000,000 shares of $0.001 par value common stock
and 10,000,000 shares of $0.001 par value preferred stock, of which no
preferred stock has been issued or is outstanding.  As of November 30, 2001 we
had a total of 46,499,989 shares of Common Stock issued and outstanding.

<PAGE> 3
Common Stock
------------

The holders of Common Stock have one vote per share on all matters (including
election of directors) without provision for cumulative voting. Thus, holders
of more than 50% of the shares voting for the election of directors can elect
all of the directors, if they choose to do so. The Common Stock is not
redeemable and has no conversion or preemptive rights.

The Common Stock currently outstanding is validly issued, fully paid and
non-assessable. In the event of our liquidation, the holders of Common Stock
will share equally in any balance of our assets available for distribution to
them after satisfaction of creditors and the holders of our senior securities,
whatever they may be. We may pay dividends, in cash or in securities or other
property when and as declared by the Board of Directors from funds legally
available therefore, but we have paid not cash dividends on our Common Stock.

Transfer Agent, Registrar and Warrant Agent
-------------------------------------------

We have appointed Signature Stock Transfer, Inc., 14675 Midway Rd., #221,
Addison, Texas 75001, as our transfer agent for the Common Stock. Their phone
number is 972-788-4193.

Item 5.  Interests of Named Experts and Counsel.
         ---------------------------------------

The firm of Thomas F. Pierson P.C., Attorney at Law, special securities
counsel for the purpose of this Registration Statement, and whose opinion as
to the legality of the issuance of the shares hereunder is attached hereto as
Exhibit 5, owns no shares of our common stock.

Item 6.  Indemnification of Directors and Officers.
         ------------------------------------------

Our Articles of Incorporation authorize the Board of Directors without
shareholder action, to exercise all of our powers of indemnification to the
maximum extent permitted under the applicable statute as amended permits us to
indemnify our directors, officers, employees fiduciaries and agents as
follows:

The State of Colorado permits a corporation to indemnify such persons for
reasonable expenses in defending against liability incurred in any legal
proceeding if:

(a) The person conducted himself or herself in good faith;

(b) The person reasonably believed:

          (1) In the case of conduct in an official capacity with the
          corporation, that his or her conduct was in the corporation's best
          interests; and

          (2) In all other cases, that his or her conduct was at least not
          opposed to the corporation's best interests.

(c) In the case of any criminal proceeding, the person had no reasonable cause
to believe that his or her conduct was unlawful.

The indemnification discussed herein is not exclusive of any other rights to
which those indemnified may be entitled under the Articles of Incorporation,
any Bylaw, agreement, vote of shareholders, or disinterested directors, or
otherwise, and any procedure provided for by any of the foregoing, both as to
action in his official capacity and as to action in another capacity while
holding such office, and shall continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit of heirs,
executors, and administrators of such a person.

Insofar as indemnification for liabilities under the Securities Act of 1933
may be permitted to our directors, officers, and controlling persons under the
foregoing provisions, or otherwise, we have been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against
public policy as

<PAGE> 4
expressed in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by
us of expense incurred or paid by a director, officer, or controlling person
of the registrant in the successful defense of any action, suit, or
proceeding) is asserted by such director, officer, or controlling person in
connection with the securities being registered, we will, unless in the
opinion of our counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.

Item 7.  Exemption From Registration Claimed.
         ------------------------------------

Not applicable.

Item 8.  Exhibits.
         ---------

Exhibit
Number         Description
---------      --------------
4.1            2001 Stock Compensation Plan I, dated November 14, 2001.

5.0            Opinion of Counsel, Thomas F. Pierson, Esq., P.C.

23.1           Consent of Malone & Bailey, Certified Public Accountant.

23.2           Consent of Thomas F. Pierson, Esq. (Included in Exhibit 5).

Item 9.  Undertakings.

1. The Registrant hereby undertakes:

          (a) To file, during any period in which offers or sales are being
          made, a post-effective amendment to this Registration Statement:

               (i) to include any prospectus required by Section 10(a)(3) of the
               Securities Act of 1933;

               (ii) to reflect in the prospectus any facts or events arising
               after the effective date of the Registration Statement (or the
               most recent post-effective amendment thereof) which, individually
               or in the aggregate, represent a fundamental change in the
               information set forth in the Registration Statement;

               (iii) to include any material information with respect to the
               plan of distribution not previously disclosed in the Registration
               Statement or any material change to such information in the
               Registration Statement;

                    (a) That, for the purpose of determining any liability under
                    the Securities Act of 1933, each such post-effective
                    amendment shall be deemed to be a new registration statement
                    relating to the securities offered therein, and the offering
                    of such securities at that time shall be deemed to be the
                    initial bona-fide offering thereof.

          (b) To remove from registration by means of a post-effective amendment
          any of the securities being registered which remain unsold at the
          termination of the offering.

2. The Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
(and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be in the initial
bona fide offering thereof.

<PAGE> 5



                                 SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Broomfield, State of Colorado, on this 28th day of
January, 2002.

Sattel Global Networks, Inc.

Dated: January 28, 2002


By: /S/ DAN MOTSINGER
   ---------------------
   Dan Motsinger,
   President & Director

Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons on
behalf of the Registrant and in the capacities and on the dates indicated.

Dated: January 28, 2002


By: /S/ DAN MOTSINGER
   ---------------------
   Dan Motsinger,
   President & Director



Dated: January 28, 2002


By: /S/ RICHARD MULLER
   ---------------------
   Richard Muller, Secretary & Director
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{"company-data": {"conformed-name": "SATTEL GLOBAL NETWORKS INC", "cik": "0001041771", "assigned-sic": "3910", "irs-number": "953966863", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-81560", "film-number": "02520507"}, "business-address": {"street1": "1004 DEPOT HILL RD.", "street2": "SUITE 1-E", "city": "BROOMFIELD", "state": "CO", "zip": "80020", "phone": "3034049904"}, "mail-address": {"street1": "1004 DEPOT HILL RD.", "street2": "SUITE 1-E", "city": "BROOMFIELD", "state": "CO", "zip": "80020"}, "former-company": [{"former-conformed-name": "JEWELNIQUE DESIGNS INC", "date-changed": "19970630"}, {"former-conformed-name": "OSTEO SYSTEMS INC", "date-changed": "20000411"}]}
1
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                    FORM S-8

                            REGISTRATION STATEMENT
                                     UNDER
                          THE SECURITIES ACT OF 1933

                         SATTEL GLOBAL NETWORKS, INC.
        -------------------------------------------------------------
      (Exact Name of Small Business Issuer as specified in its charter)

              Colorado                               95-3966853
        --------------------                   ----------------------
      (State of incorporation)               (IRS Employer File Number)

           1004 Depot Hill Rd. Suite 1E, Broomfield, Colorado 80020
        -------------------------------------------------------------
                   (Address of principal executive offices)

                          STOCK COMPENSATION PLAN I
                           (Full title of the plan)

                              Dan Motsinger, CEO
                         Sattel Global Networks, Inc.
                        1004 Depot Hill Rd., Suite 1E
                         Broomfield, Colorado 80020
                   (Name and address of agent for service)

                                (303-404-9904)
        (Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE

  Title of           Amount        Proposed Maximum      Proposed Maximum       Amount of
Securities To        To Be          Offering Price           Aggregate         Registration
Be Registered      Registered          Per Share         Offering Price(1)         Fee(1)
-------------      ----------      ----------------      -----------------     ------------
Common shares      1,001,000            $.60                 $600,600            $150.15
(1)       Estimated solely for the purpose of calculating the registration fee
          pursuant to Rule 457.
2
PART I

INFORMATION REQUIRED IN THE PROSPECTUS

Note: The document(s) containing the information concerning the 2001 Stock
Compensation Plan I (the "Plan") of Sattel Global Networks, Inc., a  Colorado
corporation (the "Registrant" or the "Company"), dated November  14,  2001
required by Item 1 of Form S-8 under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and the statement of availability of registrant
information, consulting agreement and other information required by Item 2 of
Form S-8 will be sent or given to participants as specified in Rule 428. In
accordance with Rule 428 and the requirements of Part I of Form S-8, such
documents are not being filed with the Securities and Exchange Commission (the
"Commission") either as part of this registration statement on Form S-8 (the
"Registration Statement") or as prospectuses or prospectus supplements
pursuant to Rule 424. The Company will maintain a file of such documents in
accordance with the provisions of Rule 428. Upon request, the Company shall
furnish to the Commission or its staff a copy or copies of all of the
documents included in such file.

References in this document to "us," "we," or "the Company" refer to Sattel
Global Networks, Inc., its predecessor and its subsidiaries, if any.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3.  Incorporation of Documents by Reference.
         ----------------------------------------

The following documents, which have been filed by us with the Securities and
Exchange Commission, are hereby incorporated by reference into this
Prospectus:  Our Report on Form 10-KSB for the fiscal year ended December 31,
2000; our report on Form 8-K regarding a Change in Control and Disposition of
Assets filed September 30, 2001; and Form 10-QSB, filed November 19, 2001 for
the period ended September 30, 2001 and the Schedules attached to Form 14(c)
notification filed

All documents filed by us with the Commission pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this
Registration Statement and prior to the filing of a post-effective amendment
to this Registration Statement which indicates that all securities offered
hereby have been sold or which deregisters all securities then remaining
unsold shall be deemed to be incorporated in this Registration Statement by
reference and to be a part hereof from the date of filing of such documents.
All other reports filed by us pursuant to Section 13(a) or 15(d) of the
Exchange Act since December 31, 2000.

Any statement contained in this Registration Statement, in a supplement to
this Registration Statement or in a document incorporated by reference herein,
shall be deemed to be modified or superseded for purposes of this Registration
Statement to the extent that a statement contained herein or in any
subsequently filed supplement to this Registration Statement or in any
document that is subsequently incorporated by reference herein modifies or
supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this
Registration Statement.

Item 4.  Description of Securities.
         --------------------------

We are authorized to issue 100,000,000 shares of $0.001 par value common stock
and 10,000,000 shares of $0.001 par value preferred stock, of which no
preferred stock has been issued or is outstanding.  As of November 30, 2001 we
had a total of 46,499,989 shares of Common Stock issued and outstanding.
3
Common Stock
------------

The holders of Common Stock have one vote per share on all matters (including
election of directors) without provision for cumulative voting. Thus, holders
of more than 50% of the shares voting for the election of directors can elect
all of the directors, if they choose to do so. The Common Stock is not
redeemable and has no conversion or preemptive rights.

The Common Stock currently outstanding is validly issued, fully paid and
non-assessable. In the event of our liquidation, the holders of Common Stock
will share equally in any balance of our assets available for distribution to
them after satisfaction of creditors and the holders of our senior securities,
whatever they may be. We may pay dividends, in cash or in securities or other
property when and as declared by the Board of Directors from funds legally
available therefore, but we have paid not cash dividends on our Common Stock.

Transfer Agent, Registrar and Warrant Agent
-------------------------------------------

We have appointed Signature Stock Transfer, Inc., 14675 Midway Rd., #221,
Addison, Texas 75001, as our transfer agent for the Common Stock. Their phone
number is 972-788-4193.

Item 5.  Interests of Named Experts and Counsel.
         ---------------------------------------

The firm of Thomas F. Pierson P.C., Attorney at Law, special securities
counsel for the purpose of this Registration Statement, and whose opinion as
to the legality of the issuance of the shares hereunder is attached hereto as
Exhibit 5, owns no shares of our common stock.

Item 6.  Indemnification of Directors and Officers.
         ------------------------------------------

Our Articles of Incorporation authorize the Board of Directors without
shareholder action, to exercise all of our powers of indemnification to the
maximum extent permitted under the applicable statute as amended permits us to
indemnify our directors, officers, employees fiduciaries and agents as
follows:

The State of Colorado permits a corporation to indemnify such persons for
reasonable expenses in defending against liability incurred in any legal
proceeding if:

(a) The person conducted himself or herself in good faith;

(b) The person reasonably believed:

          (1) In the case of conduct in an official capacity with the
          corporation, that his or her conduct was in the corporation's best
          interests; and

          (2) In all other cases, that his or her conduct was at least not
          opposed to the corporation's best interests.

(c) In the case of any criminal proceeding, the person had no reasonable cause
to believe that his or her conduct was unlawful.

The indemnification discussed herein is not exclusive of any other rights to
which those indemnified may be entitled under the Articles of Incorporation,
any Bylaw, agreement, vote of shareholders, or disinterested directors, or
otherwise, and any procedure provided for by any of the foregoing, both as to
action in his official capacity and as to action in another capacity while
holding such office, and shall continue as to a person who has ceased to be a
director, officer, employee or agent and shall inure to the benefit of heirs,
executors, and administrators of such a person.

Insofar as indemnification for liabilities under the Securities Act of 1933
may be permitted to our directors, officers, and controlling persons under the
foregoing provisions, or otherwise, we have been advised that in the opinion
of the Securities and Exchange Commission such indemnification is against
public policy as
4
expressed in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by
us of expense incurred or paid by a director, officer, or controlling person
of the registrant in the successful defense of any action, suit, or
proceeding) is asserted by such director, officer, or controlling person in
connection with the securities being registered, we will, unless in the
opinion of our counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue.

Item 7.  Exemption From Registration Claimed.
         ------------------------------------

Not applicable.

Item 8.  Exhibits.
         ---------

Exhibit
Number         Description
---------      --------------
4.1            2001 Stock Compensation Plan I, dated November 14, 2001.

5.0            Opinion of Counsel, Thomas F. Pierson, Esq., P.C.

23.1           Consent of Malone & Bailey, Certified Public Accountant.

23.2           Consent of Thomas F. Pierson, Esq. (Included in Exhibit 5).

Item 9.  Undertakings.

1. The Registrant hereby undertakes:

          (a) To file, during any period in which offers or sales are being
          made, a post-effective amendment to this Registration Statement:

               (i) to include any prospectus required by Section 10(a)(3) of the
               Securities Act of 1933;

               (ii) to reflect in the prospectus any facts or events arising
               after the effective date of the Registration Statement (or the
               most recent post-effective amendment thereof) which, individually
               or in the aggregate, represent a fundamental change in the
               information set forth in the Registration Statement;

               (iii) to include any material information with respect to the
               plan of distribution not previously disclosed in the Registration
               Statement or any material change to such information in the
               Registration Statement;

                    (a) That, for the purpose of determining any liability under
                    the Securities Act of 1933, each such post-effective
                    amendment shall be deemed to be a new registration statement
                    relating to the securities offered therein, and the offering
                    of such securities at that time shall be deemed to be the
                    initial bona-fide offering thereof.

          (b) To remove from registration by means of a post-effective amendment
          any of the securities being registered which remain unsold at the
          termination of the offering.

2. The Registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the Registrant's
annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
(and, where applicable, each filing of an employee benefit plan's annual
report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in the Registration Statement shall be deemed to be a new
registration statement relating to the securities offered herein, and the
offering of such securities at that time shall be deemed to be in the initial
bona fide offering thereof.
5

                                 SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, Registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of Broomfield, State of Colorado, on this 28th day of
January, 2002.

Sattel Global Networks, Inc.

Dated: January 28, 2002

By: /S/ DAN MOTSINGER
   ---------------------
   Dan Motsinger,
   President & Director

Pursuant to the requirements of the Securities Act of 1933, as amended, this
Registration Statement has been signed below by the following persons on
behalf of the Registrant and in the capacities and on the dates indicated.

Dated: January 28, 2002

By: /S/ DAN MOTSINGER
   ---------------------
   Dan Motsinger,
   President & Director

Dated: January 28, 2002

By: /S/ RICHARD MULLER
   ---------------------
   Richard Muller, Secretary & Director