Global Network Sees Continued Revenue Surge in Q3 and Q4
NEW YORK--(BUSINESS WIRE)--Aug. 30, 2000--Global Network Incorporated (OTCBB: GNNU - news) announced today that it expects to post another quarter to quarter sales gain in the period ending September 30, 2000. Earlier this month, Global Network reported a 5 fold second quarter revenue gain versus sales reported for the first three months of the year. Global Network reports results on a calendar year basis.
During the current quarter, market leaders in the Airline, Financial Services and Package Delivery industries have utilized Global Network's online advertising package for the first time. Additionally, more than four dozen corporations have recently made requests for proposals of the Company's advertising services - indicating that revenues for the entire second half should be robust.
``We are very pleased with the early response to our proprietary real-time Internet advertising, editing, and verification systems,'' said James Mason, President and CEO of Global Network. ``We have made a good deal of progress since the February 14 filing of a patent application for our unique software solutions and look forward to increasing industry acceptance of our software-based advertising programs.''
About Global Network Inc.
Global Network is an Internet marketing company, similar to ADForce and Flycast (recently acquired by CMGI), with a business-to-business plan for servicing and supporting the Internet businesses of newspaper publishers. Global Network utilizes proprietary software solutions for implementing complex online advertising campaigns and for generating real-time verification of customer results. For more information, visit Global Network's website at www.dgonn.com or www.globalnetworksonline.com or by contacting Colby Sambrotto, Vision Corp. Consulting, at 212-509-4565 or colby@visioncc.net.
Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs, and estimates as to projected market size are ``forward-looking statements''. Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the company's judgement as of the date of this release. The company disclaims, however, any intent or obligation to update these forward-looking statements.
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Contact:
Global Network Incorporated, New York
James C. Mason, President and CEO
212/605-0431
jcmason@dgonn.com
or
Vision Corporate Consulting, New York
Colby Sambrotto, COO
212/509-4565
colby@visioncc.net |
