SAN DIEGO--(BUSINESS WIRE)--May 20, 1999--Global Telephone
Communication Inc. (OTC BB:GTCI) today announced that Berliner
Freiverkehr (Aktien) Handel AG, a German specialist firm operating on
the Berlin, Frankfurt, and Stuttgart exchanges, has listed GTCI on the
Berlin Stock Exchange due to investor interest.
GTCI's trading symbol on the Berlin Stock Exchange is GTB.
Berliner Freiverkehr (Aktien) Handel AG was approached by banks,
and by financial institutions and their clients inquiring to invest in
GTCI stock. As a result of a substantial number of inquiries, Berliner
Freiverkehr began making a market in GTCI's shares on the Berlin Stock
Exchange on April 12, 1999. The stock is sold in Euro Dollars with
1USD being equivalent to 1.064 Euro Dollars. GTCI (GTB) is currently
trading around $3.00 EURO.
Berliner Freiverkehr (Aktien) Handel AG is a specialist firm
acting as a market maker for OTC listed companies in Berlin,
Frankfurt, and Stuttgart. Their specialty is in the introduction of
foreign stocks to the German market. As German investors look
increasingly towards foreign investments, Berliner Freiverkehr
(Aktien) Handel AG provides a valued service, and has been very
successful to the present day.
Berliner Freiverkehr (Aktien) Handel AG has successfully
introduced over 1,000 foreign equities in Berlin with high liquidity.
In 1998, their trading volume was approximately 60 billion
Deutschmarks in the OTC market. GTCI now possesses many advantages in
the trading of their shares in Berlin. German investors, including
smaller ones, can buy shares in the newly established Euro. Because of
this, transactions are much easier to undertake and are less
expensive. Berliner Freiverkehr (Aktien) Handel AG also provides the
financial press with information about GTCI, and the fact that the
service of listing GTCI's equities was provided without charge, has
attracted significant publicity.
Global Telephone Communication Inc., is working with China
Telecom to bring wide access of the Internet to the Peoples Republic
of China. Through its wholly owned subsidiary Regent Luck Holdings,
Global Telephone operates under an exclusive agency/licensing
agreement with China Telecom's wholly owned subsidiary, Newsnet, to
provide basic and advanced Internet services. Also within the
agreement is Global Telephone's ability to provide Internet Telephony
systems and products. According to statistics recently released by the
China National Network Information Center, registered Internet users
reached 1.175 million by the end of June, 1998, doubling the number of
users over the previous six-month period. More information can be
obtained about Global by visiting its Web Site at
globaltci.com, as well by visiting
superstocks.net and wallstreetresearch.net.
--30--azs/sf*
CONTACT: At GTCI
Terry Wong, 800/668-9880
or
At IRC
Jim Berger, 800/536-8472
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