Friday November 5, 1:50 pm Eastern Time
Company Press Release
Global Datatel Symbol Change
DELRAY BEACH, Fla.--(BUSINESS WIRE)--November 5, 1999--Global DataTel, Inc. (OTCBB: GDISE - news) announced that effective today its symbol has been changed to GDISE on the Electronic Bulletin Board. Along with approximately 180 other companies whose names begin with F-G, the ''e'' has been added to indicate that the company has 30 days in which to comply with the new rules of the NASD, which require a company to file financial statements with the SEC.
Richard Baker, President and Chief Executive Officer of Global DataTel, stated, ''Global DataTel has filed its Form 10SB with the SEC and we await their response to this filing.''
Mr. Baker further added that in response to numerous shareholder questions concerning a posting on an Internet bulletin board regarding an ''investigation'' by the brokerage firm of Joseph Charles & Associates, ''the company is in receipt of a letter from Joseph Charles that states in part: 'somebody is illegally using Joseph Charles and Associates' name in various chat rooms to imply we are conducting an investigation into Global DataTel, Inc. Nothing could be further from the truth and we will pursue the parties spreading this lie.''' The letter is signed by the Director of Compliance for Joseph Charles & Associates, Inc.
Global DataTel, Inc. is a Latin American leader in medium to large system integration projects. A First Tier IBM Business Partner, Global distributes Compaq, Dell, Hewlett-Packard and Cisco hardware as well. Global is also a Microsoft Solution provider, Lotus Premier Team Provider and a distributor of JBA International E.R.P. company.
It's wholly-owned subsidiary, eHOLA.com Online Service Network (www.ehola.com) offers integrated Internet access in Spanish or Portuguese to individuals in North, Central and South America, providing consumer and business dial-up and dedicated Internet access to 305 cities throughout Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru, the United States and Venezuela.
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Forward-looking statements involve the known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from that which is anticipated. These risks are spelled out in the company's filings with the U.S. Securities & Exchange Commission.
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Contact:
Martin E. Janis & Company, Inc.
Bev Jedynak
312-943-1100
biz.yahoo.com
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