<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>13
<FILENAME>doc2.txt
<TEXT>
                                                                      Exhibit 21

                              List of Subsidiaries

                  -----------------------------------------------------
                  Name                 Place of Incorporation
                  -------------------  --------------------------------

                  -------------------  --------------------------------
                  Telco Billing, Inc.  Nevada
                  -----------------------------------------------------





<PAGE>

</TEXT>
</DOCUMENT>
