BULLISH UPDATE on: Global Telecommunications (OTCBB: GTCI)
1.812 Ask
1.656 Bid
Shares I/O : 15,898,935
Estimated Float: 4,000,000
COMPANY PROFILE:
The Company's purpose is to take an active role in the construction of China's information service industry. Through an experienced team of North American businessmen that has teamed with closely-aligned, influential Chinese partners (in business and government) with the purpose of providing leading edge Western technologies, products and services to China and other parts of Asia. Mobile communication integrated systems,Global Positioning Satellites, Internet Service Providers (ISP), and Internet telephony services are some of the ventures and products that GTCI is currently pursuing. Secured key license agreements (through joint venture relationships) and approvals to expand and develop communications businesses in China is positioning GTCI in the biggest emerging telecommunications market
in the world.
INTERNET IN CHINA:
Presently, China uses the Internet primarily as a tool for business and trade. With an estimated 4 million users already in place, usage is expected to surpass 10 million in the year 2000. Internet use in China is growing faster than anywhere else in Asia; second only to the United States. This is clearly a huge growth market and GTCI looks to be well positioned to take advantage of the huge expected growth.
THE SITUATION:
Back in March-June, nearly all of the Internet companies that are Asian/China related, experienced tremendous gains in shareholder value. The past 4-6 months have mostly been a period of pulling back and waiting, now the time has arrived. *O.I.G* gives a strong recommendation to re-enter Chinese Internet companies, especially this one: GTCI.
GTCI is at it's bottom in price, and given that:
1) There will be a big push for China to gain entry in the WTO now, perhaps as soon as the beginning of November and even if an agreement isn't reached (Washington isn't as positive as China when it comes to a rapid closure):
2) China trade negotiator Long Yongtu told CNN in a recent interview: " With or without WTO China will continue to proceed with its opening policy and that is very important. We do not hinge on whether or not China will proceed on its open policy on whether or not China will be in WTO''.
The US/China relations have hurt the Chinese Internet companies, all stocks are well of their year high. This creates a great opportunity to buy in again. We recommend to buy GTCI as this is one of the most promising companies of the Chinese Internet sector. The price of GTCI would normally rebound to around $3, but we expect an even higher stock price.
UPCOMING DEVELOPMENTS:
GTCI, with great timing, is poised to announce completed acquisitions and a "restructuring" of the company.The acquisition is of Beijing Tian Guang Information Communication Services Ltd. (BTGIC), a PRC company with a valid permit from the State Information Technologies Ministry to operate as an Internet Service Provider in the cities of Beijing, Shanghai and Guangzhou. BTGIC, with about 25,000 ISP registrants, is comparative to XNET in size and growth potential. Currently GTCI, through its JV with China Telecom, has 34,000 ISP registrants.
-Maket-Pulse will be sending out info to hundreds of thousands of investors, and contacting brokers.
-GTCI will be releasing a number of substantial PR's beginning this month, rumored to be very positive. We believe that GTCI will be financed by a major US telecom player for their China business development, similar to China.com's involvement with AOL. Their recent management changes seem to favor that as well.
-Brandenburg will bring aboard a full western management team, along with a CFO already in place, and financing for all of GTCI's internet ventures in China.
-An accounting firm has been hired for reporting.
MANAGEMENT:
Very recently, Tom Brandenburg joined GTCI's board, with a couple million shares in compensation. He's been to China twice since then, and I have to think he'll be utilizing his contacts from his previous ventures to spur GTCI forward. Who is Brandenburg?
In 1978 Mr Brandenburg entered the US telecom industry and played a decisive role in the structuring, financing and selling of a MCI reseller in Dallas. In 1984 he founded LCI Communications (bought out by Qwest) and in 1993 he founded Network Corporations Inc. - the first company to negotiate territory-wide term and volume based resale contracts with Bell Telephone USA.
"The company [GTCI] exhibits ambitious plans to develop its telecommunications infrastructure in China." Mr Brandenburg said. " I am confident that, with the proper execution of its corporate plan, based upon its current solid platform, it will capture a significant share of the ISP and GPS markets."
The entire board and management have years and years of experience in China. The President, Terry Wong, is from China; in fact his father was a Governor of one of its provinces. George Delmas, CEO, has been involved in Asian Business for over 20 years. Recently, Charles Shiu, former director of Nortel, Canada, joined the board of GTCI. As a former director of Nortel Mr. Shiu was instrumental in developing Nortel's operations in China. His credentials as a researcher and authority in the GPS market mean his appointment will maintain the high performance standards that is expected from GTCI.
*O.I.G* PRICE TARGETS:
short-term: $3.00
middle-term: $5.00
long-term: $10.00
CONTACTS:
globaltci.com
Dwayne Yaretz: Investor Relations
global@globaltci.com
Global Telephone
Suite #333
3838 Camino Del Rio North
San Diego CA
92108 - 1789
1-800-668-9880
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