Tuesday October 10, 8:04 am Eastern Time
Press Release
SOURCE: Global TeleMedia International, Inc.
Ericsson Confirms BentleyTel/Global TeleMedia Agreement
'We Are Delighted to Have Signed This Formal Agreement With BentleyTel.com,' Said Karl Sundstrom, Ericsson Australia's Managing Director
NEWPORT BEACH, Calif., Oct. 10 /PRNewswire/ -- Global TeleMedia International, Inc. (OTC Bulletin Board: GTMI - news) announced that Ericsson Australia has confirmed the previously announced agreement on their web site: ericsson.com.au release_001005_voip_network.asp
Ericsson Australia confirmed that Ericsson (Nasdaq: ERICY - news) and BentleyTel.com, a majority owned subsidiary of Global TeleMedia, have also signed a formal agreement to work on a series of projects including an enhanced billing system allowing for an expanded range of service offerings, a Universal Access System and Unified messaging, a product that will be offered as an enhanced service to the Company's proprietary Smart-e-Card(TM) and advanced next generation Global Connexion Card(TM).
Ericsson also confirmed that Australia's first national VoIP network went live last week. The ITSP network, using Ericsson's IPT solution is owned and operated by BentleyTel.com (Aust). The Ericsson and BentleyTel.com agreement will also enable the roll out of similar networks elsewhere. The first of these will be in the Philippines with the provision of an expansive wireless loop to enable voice and data to be carried for the first time to 6 cities in the Philippines.
Ericsson (Nasdaq: ERICY - news) is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world.
Jonathan Bentley-Stevens, President of Global TeleMedia, said, ``Our shareholders and investors should understand the significance of this agreement. We have created a structure with communications leader Ericsson... which will enhance and accelerate our expansion throughout the Pacific Rim, the USA and other countries. Several multi-national Communications companies have already approached GTMI to propose partnerships and strategic alliances to capitalize on the GTMI/BentleyTel international presence, growing communications networks and e-commerce market share.
This is the beginning of a true GTMI global expansion, this year, after only 16 months under new management we will earn revenues from our own infrastructure in 4 countries.`` Upon our listing on the American Stock Exchange (AMEX) we believe the company's stock will be accessible to the premium broker dealers in the USA and also the investing public in Europe who respect the reputation of both Ericsson and the American Stock Exchange.
PR CONTACT: Tim Garlin, PrimeVest.net 1-866-774-6468
Global TeleMedia International, Inc., located in Newport Beach, California, and Atlanta Georgia, through its BentleyTel.com subsidiary, (www.bentleytel.com) is a leading developer of interactive software for complex E-commerce solutions, multi-media and high speed Internet and wireless communication systems, including international & long distance Voice over IP, LAN VPN (Virtual Private Network), ISP, Virtual ISP, and PC-PC, PC-Phone transmission of data and voice. It also owns manufacturing and, telecom, ISP, and software development facilities in Australia, Malaysia and the Philippines.
This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the risks detailed in Global TeleMedia's filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially.
SOURCE: Global TeleMedia International, Inc.
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