News is out.
RET Internet Services Inc -
RET's Real EstateTours.com in deal with Globetech
RET Internet Services Inc RIS
Shares issued 11,741,862 Aug 7 2001 close $.700
Aug 9 2001 10:59:08
Mr. Luc Gaudreault reports
RET Internet Services' wholly owned subsidiary, Real EstateTours.com, a real estate marketing services provider, has entered into an alliance with Globetech Ventures Corp. The alliance gives Real EstateTours.com the exclusive rights to provide Globetech's TranslationWave, a real-time language translation infrastructure service, to the real estate industry.
TranslationWave is a real-time language translation infrastructure providing Web site and E-mail translation systems, which help transform the Internet into a truly universal platform of communication. Real estate agents and potential clients will now have the ability to converse with each other by simply E-mailing or responding in their chosen language. TranslationWave seamlessly translates the response into the receivers chosen language in real time.
The alliance will benefit to RET Internet Services' members as the packaged solution will allow real estate agents to list their properties in many languages, thus accommodating buyers' and sellers' language needs domestically and abroad. This product will be marketed to Real EstateTours.com's existing membership of almost 1,000 clients and to the estimated 66,000 licensed real estate agents in Canada.
"Real EstateTours' leadership and presence in a market that requires language translation will provide for a strong revenue stream and exposure across Canada," said Dil Gurjal, president of Globetech Ventures.
"We are pleased to be able to offer another world-class product to our growing number of members," said Luc Gaudreault, president and chief executive officer of RET Internet Services and Real EstateTours.com. "We expect TranslationWave will be a big hit within the real estate industry."
About Globetech Ventures
Globetech Ventures Inc. (www.globetechventures.net) is a venture capital firm headquartered in Canada with a technology development centre and marketing branch located in Hyderabad, India. The company's primary focus is in the development of Internet- and technology-related projects. Globetech's recent undertaking is the successful TranslationWave Inc. (www.translationwave.com).
WARNING: The company relies upon litigation protection for "forward-looking" statements. |
