Here comes the PR's
biz.yahoo.com
Monday October 9, 10:16
am Eastern Time
Press Release
India Finally
Opens Telephony
Market to Competition
FAIRFIELD, Iowa--(BUSINESS WIRE)--Oct. 9, 2000--Global
Online India, Inc. trading under the symbol: GOLX, which
launched its mega Indian internet portal and started trading its
stock publicly only two months ago, has vowed to help India get
``Globally Linked'' to the rest of the telephony world now that the
Indian Government has just agreed to open its telephony market to
competition. In addition to its international meta - hub portal
Global Online India.com, GOLX is planning on providing both
internet access and global telephony services to the over 1 billion
people of the second largest population base on earth.
GOLX's stock has been up over 1900% in the last eight weeks,
following a recent merger and a 200% stock dividend. `` This is
not just a ''concept company``, we have worked very hard to
build and deploy what we feel is truly the number one global
internet portal in all of India and now our focus will be on
providing high speed, broadband internet access and crystal clear,
reliable telephony services in India as the regulatory environment
allows. India currently has a telephone density of only 3 out of
100. That means that only 3 out of every 100 persons in the
country have access to a telephone. Internet access is so low, it is
estimated that only 1/3 of 1% of the people of India have directly
enjoy the benefits of the Internet,'' said Dr. Christopher W.
Hartnett, Chairman and founder of Global Online India.
``GOLX, through its parent companies Global Online International
(GOL) and USA Global Link, has a tradition of providing
telephony services that work and meet the unique demands of its
65,000 international customers in over 120 countries and
territories. India is going to be one of the world's major economic
and cultural powerhouses in the next few years once it gets
''Globally Linked``. That is our name, that is our business, that is
what we have been doing extremely well around the world for the
last 8 years. We were one of the very first global telephone
companies to provide telephony services internationally and now
that experience and know how is going to become laser focused
towards India. A great deal of all of our family of companies
attention, technology and resources will be allocated towards India
over the next two years. As the Indian market deregulates, which
I'm happy to say we are finally seeing major steps by the
government in that direction, we are going to be in that market in a
major competitive way. We want to provide to the people of India
access to the goods and services that they need in order fully take
their golden seat at the world economic table'', said Dr. Hartnett.
Global Online India (GOLX) is one of the premier providers of
e-commerce services and e-business solutions to the 1.0 million
Internet users in India and to the approximate 20.0 million Indian
expatriates around the world through its meta-hub
``www.GOLindia.com''. This international meta-hub currently
provides a range of business services such as: online forms for
Indian taxation, customs, and import/export businesses; a loan
finding service; Indian rail, air and movie tickets; online insurance
and credit card applications; online medical and legal advice; and
web stock trading and advanced technical analysis; among others.
General services for end-users and small businesses include: news,
chat, Bollywood, e-greetings, sports, stock information, auctions,
classifieds, yellow and white pages, and jobs.
Global Online India is affiliated with Global Online, Inc. (GOL),
which is a wholly-owned subsidiary of USA Global Link, a major
pioneer since 1992 in the discount international telecommunication
service providing arena. Global Online (GOL), an international
meta-hub located at ``www.GlobalOnline.com'', is the world's first
global gateway to international life and world trade, providing B2B
and B2C e-commerce services through its 5,680 web sites in 18
languages and 29 currencies in over 120 countries worldwide.
This press release contains forward-looking statements that are
subject to risks and uncertainties. Any statements that are not
statements of historical fact (including without limitation statements
to the effect that the Company or its management ``believes,''
``expects,'' ``anticipates,'' ``plans'' and similar expressions) should
be considered forward-looking statements. Factors that could
cause actual results to differ materially from these forward-looking
statements include, but are not limited to, uncertainties related to
demand for the company's services; costs of operation;
competition; changes in laws or regulations or in their
interpretation; technological changes; economic conditions and
other risks described from time to time in the Company's filings
with the Securities and Exchange Commission.
Global Online India trades on the OTC:BB under the symbol :
GOLX. |
