Global Media Approved for Nasdaq Listing
Global Media receives approval for listing on the Nasdaq SmallCap Market
VANCOUVER, April 18 /CNW-PRN/ - Global Media Corp. (OTC BB: GLMC),
www.globalmedia.com, an award-winning Internet company focused on providing
companies with revenue generating e-commerce and streaming solutions, today
announced that it has received approval to list on the Nasdaq SmallCap Market
tier of the Nasdaq Stock Market.
Global Media's President Jeff Mandlebaum commented, "We are extremely
pleased to be able to announce this in conjunction with our annual general
meeting of shareholders today. This listing gives our Company access to much
broader financial resources as well as the potential for top level research
coverage".
Global Media's Chairman Michael Metcalfe said, "This is an important step
in the continued growth of our Company. The greater accessibility of
institutional investors and broader market exposure we will obtain from this
listing will be of major benefit going forward. This listing is yet another
validation of our Company and strength of our business plan. This is one major
milestone of many to come as we continue to build an excellent company".
About Global Media Corp.
Winner of the prestigious Linux Journal award for the "Best Overall Linux
Solution" at Comdex Fall '99, Global Media provides Internet e-commerce and
streaming tools to companies that are looking to leverage their existing brand
names and customer base to the Internet. Global Media's streaming media and e-
commerce infrastructure focuses on providing businesses with a totally
integrated, private branded solution: interactive stimulating audio and video,
banner and rich media advertising, and e-commerce.
The Global Media e-commerce solution offers private label e-commerce
capabilities. The Global Media Broadcast Network ("GMBN") is a distributed,
multi-tiered Internet broadcast network that combines leading edge signal
aggregation and broadcast technologies to provide clients and end users with
what Global Media believes to be the highest quality streaming media
experience available.
Global Media trades on the NASD OTC Bulletin Board under the symbol GLMC.
The Company has established important relationships with RealNetworks (Nasdaq:
RNWK - news), Liquid Audio (Nasdaq: LQID - news), MCI/Worldcom (Nasdaq: WCOM -
news) and Muze.
Global Media is a fully reporting issuer to the SEC and is listed in
Standard & Poor's Corporation Records.
This press release may contain forward looking statements within the
meaning of Section 27A of the Securities Act of 1933 and section 21E of the
Exchange Act of 1934 and is subject to safe harbor created by these sections.
Actual results may differ materially due to a number of risks, including
technological and operational challenges, changes in consumer preferences and
developments affecting the Internet.
SOURCE Global Media Corp.
-0- 04/18/2000
/CONTACT: Ken Shortt, Global Media - (888) 744-3044,
kshortt(at)globalmedia.com/
(GLMC) |
