Global MAINTECH Approved for Listing on The Frankfurt Stock Exchange
Wednesday September 8, 5:00 am Eastern Time
Company Press Release
SOURCE: Global MAINTECH Corporation
Global MAINTECH Approved for Listing on
The Frankfurt Stock Exchange
Listing Complements MAINTECH's European Expansion Plans
MINNEAPOLIS, Sept. 8 /PRNewswire/ -- Global MAINTECH Corporation (OTC Bulletin Board: GLBMD -
news), a worldwide leader in systems for data centers, today announced it has received approval for listing on the
Third Market Segment of the Frankfurt Stock Exchange and will be embarking on its first major European Investor
Relations program. The Company's shares start trading, September 7, 1999 under the symbol ``GOC' and German
securities code (Wertpapierkennummer) 907 364. The Geneva Group/TeamWork Kommunikations Gmbh
facilitated the European listing and will also provide the European investor relations services to the Company.
``We are excited to expand our opportunities in Europe in both product sales and shareholdings,' said David
McCaffrey, CEO of Global MAINTECH. ``In addition, we are fortunate to be among the numerous companies
from the U.S. that were chosen to list their shares on the German exchange.'
This listing on the Frankfurt exchange complements the Company's growth strategies. Recently the Company signed
an agreement with Hitachi Data Systems Corporation to sell the Virtual Command Center product throughout
Europe and Great Britain. The recently acquired subsidiary Breece Hill Technologies, which designs, manufactures,
and sells DLT automation storage systems, has sales and service operations in Germany and the UK. The Company
also sells its Event Notification telephony based software from its Singlepoint Systems, Ltd. office in London.
Michael Bardaky, president of Geneva/TeamWork commented, ``Global MAINTECH is an exciting profitable
company with excellent management, proven 'breakthrough' technology, a multi-billion dollar market opportunity,
and a stellar list of customers from the world's leading Fortune 1000 companies including: AT&T, AOL, GE, IBM,
Bank One Services Corp., Bear Sterns, British Aerospace, Burlington Northern Railways, Deluxe, Merrill Lynch &
CO. Inc., Siemans, State Farm, Yahoo! and others. Our plan is to introduce the Company to potential European
investors and cross-border partners interested in technology-based companies such as Global MAINTECH.'
Global MAINTECH has $15.5 million (US currency) in stockholders equity and reported revenues for the fiscal
quarter ended June 30, 1999 of $12.7 million.
About Global MAINTECH Corporation
Global MAINTECH supplies world-class systems (device and system consolidation, systems and network
management and storage products) to data centers. Products include the Virtual Command Center, a master console
that provides simultaneous control, operation and monitoring for mainframe, midrange, UNIX, Microsoft NT and
networks. The VCC can provide efficient consolidation of consoles for delivery of software features provided by
other companies in the enterprise management market and is able to respond to messages, events and alerts of a
computer enterprise at a single location.
MAINTECH's Singlepoint Systems group sells system services and event notification software, the Magnum
Technologies group sells proprietary network and systems management software, and the Breece Hill group sells
proprietary tape storage libraries for mass storage in data centers.
About The Geneva Group/TeamWork
The Geneva Group, Inc. & TeamWork Kommunikations Gmbh is a U.S./German based investment banking and
investor relations firm that has been offering its clients a wide range of financial services and IR strategies exclusively
in Europe. With offices in Miami, Florida USA and Hamburg Germany, The Geneva Group implements global
strategies, supportive activities, and tailor made investor relation programs to give newly listed companies the same
corporate image and support as in the US markets.
Contacts:
Liviakis Financial Communications, Inc. Global MAINTECH Corporation
Wayne Thomsen, VP Media/Communications David McCaffrey, CEO
Email wtf@lfcnet.com, 916-448-6084 James Geiser, CFO, Secretary
612-944-0400
www.globalmt.com
The Geneva Group/TeamWork The Geneva Group/TeamWork
Michael K. Bardaky, President European Office:
305-377-0032 Sven Joesting, Managing Director
geneva@webcom.com
www.genevacom.com
Forward-looking statements in this release are made pursuant to the ``safe harbor' provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risk
and uncertainties, including without limitations, continued use of the Company's services, and the continued
availability of labor resources.
SOURCE: Global MAINTECH Corporation |
