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<div><b><font SIZE="5">

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</p>

<p ALIGN="CENTER">WASHINGTON, D.C. 20549</p>
</font><font SIZE="4">

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">FORM 8-K</p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">CURRENT REPORT</p>
</font></b>

<table border="0" cellspacing="0" width="100%" height="220" cellpadding="0">
  <tr>
    <td width="100%" colspan="3" height="21"><p ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d)
    OF THE SECURITIES EXCHANGE ACT OF 1934</td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="21">&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="21"><font SIZE="3"><p ALIGN="CENTER">Date of Report:
    May 23, 2003</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="16"><font SIZE="1"><p ALIGN="CENTER">(Date of
    Earliest Event Reported)</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="21">&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="21">&nbsp; </td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="21"><font SIZE="3"><u><b><p ALIGN="CENTER">Nettel
    Holdings, Inc.</b></u></font></td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="16"><font SIZE="1"><p ALIGN="CENTER">(Exact Name of
    Registrant as Specified in its Charter)</font></td>
  </tr>
  <tr>
    <td width="100%" colspan="3" height="21">&nbsp; </td>
  </tr>
  <tr>
    <td width="47%" align="center" height="21"><u>Florida</u></td>
    <td width="20%" height="21"><p align="center"><u>0-26307</u></td>
    <td width="33%" height="21"><p align="center">65-0873448</td>
  </tr>
  <tr>
    <td width="47%" align="center" height="16"><font SIZE="1">(State or other jurisdiction of
    incorporation)</font></td>
    <td width="20%" height="16"><p align="center"><font SIZE="1">(Commission File Number)</font></td>
    <td width="33%" height="16"><p align="center"><font SIZE="1">(IRS Employer Identification
    No.)</font></td>
  </tr>
  <tr>
    <td width="47%" align="center" height="21">&nbsp;&nbsp;&nbsp; </td>
    <td width="20%" height="21">&nbsp; </td>
    <td width="33%" height="21">&nbsp; </td>
  </tr>
  <tr>
    <td width="47%" align="center" height="21"><u>2500 Columbia House Blvd., Vancouver, WA</u></td>
    <td width="20%" height="21"></td>
    <td width="33%" height="21"><p align="center"><u>98661</u></td>
  </tr>
  <tr>
    <td width="47%" align="center" height="1"><font SIZE="1">(Address of principal executive
    offices)</font></td>
    <td width="20%" height="1"></td>
    <td width="33%" height="1"><p align="center"><font SIZE="1">(Zip Code)</font></td>
  </tr>
  <tr>
    <td width="47%" height="1">&nbsp; </td>
    <td width="20%" height="1">&nbsp; </td>
    <td width="33%" height="1">&nbsp; </td>
  </tr>
  <tr>
    <td width="47%" height="1">&nbsp; </td>
    <td width="20%" height="1"></td>
    <td width="33%" height="1"></td>
  </tr>
  <tr>
    <td width="100%" height="1" colspan="3"><p align="center">Registrant's telephone number,
    including area code: (360) 696-3412</td>
  </tr>
</table>

<p ALIGN="CENTER">&nbsp;</p>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div>

<p><font SIZE="3">Table of Contents</font></p>

<table CELLSPACING="0" BORDER="0" WIDTH="100%" height="0%" cellpadding="0">
  <tr>
    <td WIDTH="620" VALIGN="TOP"></td>
    <td WIDTH="50" VALIGN="TOP" align="center"><p ALIGN="CENTER"><font SIZE="3">Page</font></td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 1. Changes in Control of Registrant</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">3</td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 2. Acquisition or Disposition of Assets</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">3</td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 3. Bankruptcy or Receivership</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">3</td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 4. Changes in Registrant&#146;s
    Certifying Accountants</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">3</td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 5. Other Events and Regulation FD
    Disclosure</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">3</td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 6. Resignations of Directors and
    Executive Officers</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">3</td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 7. Financial Statements and Exhibits</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">4</td>
  </tr>
  <tr>
    <td WIDTH="620" VALIGN="TOP"><font SIZE="3">Item 8. Changes in Fiscal Year</font></td>
    <td WIDTH="50" VALIGN="TOP" align="center">4</td>
  </tr>
</table>
</div>

<p><br clear="all" style="page-break-before:always; mso-break-type:section-break">
</p>
<div><b>

<p><font SIZE="3">ITEM 1. CHANGES IN CONTROL OF REGISTRANT</font></p>
</b>

<p><font SIZE="3">(a) Pursuant to an Agreement and Plan of Merger dated May 23, 2003 (the
&quot;Agreement&quot;)&nbsp; between Bio Standard Corporation, a Florida corporation,
(&quot;BOSD&quot; or the &quot;Registrant&quot;) and Nettel Global Communication
Corporation, a Delaware corporation (&quot;Nettel&quot;), Nettel shall merge with and into
BOSD. Upon the merger, Nettel will become a wholly-owned subsidiary of BOSD. The Agreement
was adopted by the unanimous consent of the Board of Directors of BOSD and Nettel. <br>
<br>
Pursuant to the Agreement, BOSD shall issue 10,596,290 shares of its common stock to the
Nettel shareholder in exchange for 20,000,000 Nettel shares.<br>
<br>
Following the Agreement, BOSD shall have a total of 12,750,000 shares issued and
outstanding.<br>
At the time of the Agreement, BOSD had no operations or revenues. Reference is made to the
Registrant&#146;s annual report on Form 10-KSB for the year ended December 31, 2002 and
its quarterly report on Form 10-QSB for the period ended March 31, 2003. The Registrant
has filed all reports required under the Exchange Act since its registration statement on
Form 10-SB/12g became effective. <br>
<br>
(b) The following table contains information regarding the shareholder ownership of BOSD's
directors and executive officers and those persons or entities who beneficially own more
than 5% of BOSD's shares:</font></p>

<table BORDER="0" CELLSPACING="0" WIDTH="100%" height="0%"
style="border-left: 1px none rgb(0,0,0); border-bottom: 1px none rgb(0,0,0)"
cellpadding="0">
  <tr>
    <td WIDTH="60%" VALIGN="middle" height="17"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="left"><font size="2">Name</font></td>
    <td WIDTH="25%" VALIGN="middle" height="17" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-top: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><p
    align="center"><font size="2">Number of Shares Beneficially owned</font><font SIZE="1">(1)</font></td>
    <td WIDTH="15%" VALIGN="middle" height="17" align="center"
    style="border: 1px solid rgb(0,0,0)"><p align="center"><font size="2">Beneficially Owned</font></td>
  </tr>
  <tr>
    <td WIDTH="60%" VALIGN="middle" height="32"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">Michael Nguyen, President<br>
    2500 Columbia House Blvd.<br>
    Vancouver, WA 98661</font></td>
    <td WIDTH="25%" VALIGN="middle" height="32" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">10,596,290</font></td>
    <td WIDTH="15%" VALIGN="middle" height="32" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-right: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">83.11%</font></td>
  </tr>
  <tr>
    <td WIDTH="60%" VALIGN="middle" height="17"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">Tam Bui, Vice President, Treasurer and Director<br>
    8700 Warner Avenue, Suite 200<br>
    Fountain Valley, CA 92708</font></td>
    <td WIDTH="25%" VALIGN="middle" height="17" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">500,000</font></td>
    <td WIDTH="15%" VALIGN="middle" height="17" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-right: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">3.92%</font></td>
  </tr>
  <tr>
    <td WIDTH="60%" VALIGN="middle" height="17"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">Tina Phan, Secretary and Director<br>
    8700 Warner Avenue, Suite 200<br>
    Fountain Valley, CA 92708</font></td>
    <td WIDTH="25%" VALIGN="middle" height="17" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">500,000</font></td>
    <td WIDTH="15%" VALIGN="middle" height="17" align="center"
    style="border-left: 1px solid rgb(0,0,0); border-right: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">3.92%</font></td>
  </tr>
  <tr>
    <td WIDTH="60%" VALIGN="middle"
    style="border-left: 1px solid rgb(0,0,0); border-right: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"
    height="1"><font size="2">All directors and executive officers (3 persons)</font></td>
    <td WIDTH="25%" VALIGN="middle" height="1" align="center"
    style="border-right: 1px solid rgb(0,0,0); border-top: 1px none rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">11,596,290</font></td>
    <td WIDTH="15%" VALIGN="middle" height="1" align="center"
    style="border-right: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"><font
    size="2">90.95%</font></td>
  </tr>
  <tr>
    <td WIDTH="100%" VALIGN="middle"
    style="border-left: 1px solid rgb(0,0,0); border-right: 1px solid rgb(0,0,0); border-bottom: 1px solid rgb(0,0,0)"
    height="1" colspan="3"><font size="2">(1) Based upon 12,750,000 issued and outstanding
    shares of the Registrant as of May 23, 2003, including 10,596,290 shares issued to Michael
    Ngugen in connection with the Agreement.</font></td>
  </tr>
</table>

<p ALIGN="JUSTIFY">&nbsp;</p>

<p><strong><font SIZE="3">ITEM 2. ACQUISITION OF ASSETS</font></strong></p>

<p>The Registrant will file an amendment to this Form 8-K within 60 days disclosing
information about Nettel. </p>

<p><strong><font SIZE="3">ITEM 3. BANKRUPTCY OR RECEIVERSHIP</font></strong></p>

<p><font SIZE="3">Not applicable.</font></p>

<p><b><font SIZE="3">ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT</font></b></p>

<p><font SIZE="3">Not applicable.</font></p>
<b>

<p><font SIZE="3">ITEM 5. OTHER EVENTS </font>AND REGULATION FD DISCLOSURE</p>

<p></b><font SIZE="3">Not applicable.</font></p>

<p><b><font SIZE="3">ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS</font></b></p>

<p><font SIZE="3">At a meeting of the Registrant's board of directors held on May 23,
2003, the board accepted the resignation of Tina Phan as president and her appointment as
a secretary of the Registrant. The letter of resignation is attached as exhibits to this
Form 8-K.</font></p>
</div><div><b>

<p><font SIZE="3">ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS</font></p>
</b>

<p><font SIZE="3">(a) The Registrant will file audited financial statements prepared
according to Regulation S-X within 60 days of the effective date of the Agreement.</font></p>

<p><font SIZE="3">(c) Exhibits</font></p>

<table border="0" width="100%" height="0%" cellspacing="0" cellpadding="0">
  <tr>
    <td width="8%" height="21" valign="middle"><font size="2">Exhibit No.</font></td>
    <td width="83%" height="21" valign="middle"><font size="2">Document Description</font></td>
  </tr>
  <tr>
    <td width="8%" height="24" valign="middle"><font size="2">3(i)</font></td>
    <td width="83%" height="24" valign="middle"><font size="2">Articles of Incorporation and
    amendments (filed as an Exhibit to the Company's Registration Statement on Form 10-SB/12g
    and incorporated herein by reference)</font></td>
  </tr>
  <tr>
    <td width="8%" height="23" valign="middle"><font size="2">3(ii)</font></td>
    <td width="83%" height="23" valign="middle"><font size="2">Bylaws (filed as an Exhibit to
    the Company's Registration Statement on Form 10-SB/12g and incorporated herein by
    reference) </font></td>
  </tr>
  <tr>
    <td width="8%" height="23" valign="middle"><font size="2">10(i)3</font></td>
    <td width="83%" height="23" valign="middle"><font size="2">Agreement and Plan of Merger
    between the Registrant and Nettel Global Communication Corporation dated May 23, 2003</font></td>
  </tr>
  <tr>
    <td width="8%" height="23" valign="middle"><font size="2">17(iii)</font></td>
    <td width="83%" height="23" valign="middle"><font size="2">Letter of Resignation of Tina
    Phan as President</font></td>
  </tr>
</table>
<b>

<p><font SIZE="3">ITEM 8. CHANGE IN FISCAL YEAR</font></p>
</b>

<p><font SIZE="3">Not applicable.</font></p>
<b>

<p ALIGN="CENTER"><font SIZE="3">SIGNATURES</font></p>
</b>

<p ALIGN="JUSTIFY"><font SIZE="3">Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</font></p>

<table border="0" cellspacing="0" width="100%">
  <tr>
    <td width="100%"><font SIZE="3">Nettel Holdings, Inc.</font></td>
  </tr>
  <tr>
    <td width="100%"><font SIZE="3">By: <u>/s/ Michael Nguyen</u></font></td>
  </tr>
  <tr>
    <td width="100%"><p ALIGN="JUSTIFY"><font SIZE="3">President</font></td>
  </tr>
  <tr>
    <td width="100%"><font SIZE="3">Date: May 29, 2003</font></td>
  </tr>
</table>
</div>
</body>
</html>
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{"company-data": {"conformed-name": "NETTEL HOLDINGS INC", "cik": "0001084883", "assigned-sic": "6199", "irs-number": "650873448", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-26307", "film-number": "03725176"}, "business-address": {"street1": "2500 COLUMBIA HOUSE", "street2": "BOULEVARD", "city": "VANCOUVER", "state": "WA", "zip": "98661", "phone": "360-696-3412"}, "mail-address": {"street1": "2500 COLUMBIA HOUSE", "street2": "BOULEVARD", "city": "VANCOUVER", "state": "WA", "zip": "98661"}, "former-company": [{"former-conformed-name": "BIO STANDARD CORP", "date-changed": "20020515"}, {"former-conformed-name": "ROYAL FINANCE INC", "date-changed": "20010302"}, {"former-conformed-name": "GONETGEN COM INC", "date-changed": "20000711"}]}
bstn
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:
    May 23, 2003
(Date of
    Earliest Event Reported)
Nettel
    Holdings, Inc.
(Exact Name of
    Registrant as Specified in its Charter)
Florida
0-26307
65-0873448
(State or other jurisdiction of
    incorporation)
(Commission File Number)
(IRS Employer Identification
    No.)
2500 Columbia House Blvd., Vancouver, WA
98661
(Address of principal executive
    offices)
(Zip Code)
Registrant's telephone number,
    including area code: (360) 696-3412
Table of Contents
Page
Item 1. Changes in Control of Registrant
3
Item 2. Acquisition or Disposition of Assets
3
Item 3. Bankruptcy or Receivership
3
Item 4. Changes in Registrant's
    Certifying Accountants
3
Item 5. Other Events and Regulation FD
    Disclosure
3
Item 6. Resignations of Directors and
    Executive Officers
3
Item 7. Financial Statements and Exhibits
4
Item 8. Changes in Fiscal Year
4
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
(a) Pursuant to an Agreement and Plan of Merger dated May 23, 2003 (the
"Agreement")  between Bio Standard Corporation, a Florida corporation,
("BOSD" or the "Registrant") and Nettel Global Communication
Corporation, a Delaware corporation ("Nettel"), Nettel shall merge with and into
BOSD. Upon the merger, Nettel will become a wholly-owned subsidiary of BOSD. The Agreement
was adopted by the unanimous consent of the Board of Directors of BOSD and Nettel.
Pursuant to the Agreement, BOSD shall issue 10,596,290 shares of its common stock to the
Nettel shareholder in exchange for 20,000,000 Nettel shares.
Following the Agreement, BOSD shall have a total of 12,750,000 shares issued and
outstanding.
At the time of the Agreement, BOSD had no operations or revenues. Reference is made to the
Registrant's annual report on Form 10-KSB for the year ended December 31, 2002 and
its quarterly report on Form 10-QSB for the period ended March 31, 2003. The Registrant
has filed all reports required under the Exchange Act since its registration statement on
Form 10-SB/12g became effective.
(b) The following table contains information regarding the shareholder ownership of BOSD's
directors and executive officers and those persons or entities who beneficially own more
than 5% of BOSD's shares:
Name
Number of Shares Beneficially owned
(1)
Beneficially Owned
Michael Nguyen, President
2500 Columbia House Blvd.
Vancouver, WA 98661
10,596,290
83.11%
Tam Bui, Vice President, Treasurer and Director
8700 Warner Avenue, Suite 200
Fountain Valley, CA 92708
500,000
3.92%
Tina Phan, Secretary and Director
8700 Warner Avenue, Suite 200
Fountain Valley, CA 92708
500,000
3.92%
All directors and executive officers (3 persons)
11,596,290
90.95%
(1) Based upon 12,750,000 issued and outstanding
    shares of the Registrant as of May 23, 2003, including 10,596,290 shares issued to Michael
    Ngugen in connection with the Agreement.
ITEM 2. ACQUISITION OF ASSETS
The Registrant will file an amendment to this Form 8-K within 60 days disclosing
information about Nettel.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
Not applicable.
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not applicable.
ITEM 5. OTHER EVENTS
AND REGULATION FD DISCLOSURE
Not applicable.
ITEM 6. RESIGNATIONS OF DIRECTORS AND EXECUTIVE OFFICERS
At a meeting of the Registrant's board of directors held on May 23,
2003, the board accepted the resignation of Tina Phan as president and her appointment as
a secretary of the Registrant. The letter of resignation is attached as exhibits to this
Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) The Registrant will file audited financial statements prepared
according to Regulation S-X within 60 days of the effective date of the Agreement.
(c) Exhibits
Exhibit No.
Document Description
3(i)
Articles of Incorporation and
    amendments (filed as an Exhibit to the Company's Registration Statement on Form 10-SB/12g
    and incorporated herein by reference)
3(ii)
Bylaws (filed as an Exhibit to
    the Company's Registration Statement on Form 10-SB/12g and incorporated herein by
    reference)
10(i)3
Agreement and Plan of Merger
    between the Registrant and Nettel Global Communication Corporation dated May 23, 2003
17(iii)
Letter of Resignation of Tina
    Phan as President
ITEM 8. CHANGE IN FISCAL YEAR
Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Nettel Holdings, Inc.
By:
/s/ Michael Nguyen
President
Date: May 29, 2003