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Press Release
Corporate Profile For
Global Online India:
Dated Oct. 9, 2000
INTERNET WIRE -- The following Corporate Profile is available for
inclusion in your files. News releases for this company are distributed by
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Published Date: October 9, 2000 Company Name: Global Online India,
Inc. Address: 50 North Third Street, Fairfield Iowa 52556
Main Telephone Number: 641-472-1550
Internet Home Page Address (URL): www.GOLindia.com
Investor Info Link (URL): 63.69.51.130./golx.htm
Chairman and Founder: Dr. Christopher W. Hartnett
Chief Executive Officer: Anthony (Tony) Santelli
Investor Relations Contact: Lee Fergusson
Business number: 641-472-1550
E-mail address: LFergusson@usagl.com
Industry: International Internet/Telecom
Trading Symbol:(OTC BB:GOLX.OB - news)
COMPANY DESCRIPTION Global Online India, Inc (Trading Symbol:
OTC BB:GOLX.OB) has cross integrated two very powerful industry
segments, Telecom and ISP Services, serving all of India, the second
largest population base on earth. GOLX is developing one of the most
sophisticated high-speed broadband networks for voice, data and
multi-media within the country and currently is offering the most
comprehensive set of international Internet services available on the Indian
web today through its portal, GOLindia.com. With its first mover
advantage in India, GOLX is trying to position itself both in the Internet
access and in the newly deregulated Telecom arenas, similar to what AOL
and MCI have done in the United States over the last 12 years.
Global Online India (GOLX) is part of the Global Online International
(GOL) family of companies, which is the world's first truly global portal
for International Life and World Trade. Global Online.com (GOL), the
parent company to GOLX, specializes in the emerging internet
geographies and is an international retail sales and a direct channel for
international business-to-business e-commerce and v-commerce ventures:
the world's first digital conglomerate. GOL delivers these services over an
inter-operable backbone reaching 200 countries, in conjunction with
Siemens, 3Com, Global Crossing, Infospace, OpenSite, Reuters, IBM
and Cisco. GOL has 4750 registered sales agents in over 120 countries
and territories and currently has 5860 international web sites in 18
languages and 24 currencies.
GOLX stock is of a USA, DELAWARE Corporation, not an Indian
company selling ADRs and the USA publicly traded company GOLX
owns and operates both the ISP and the Portal companies providing
services in India. The company stock trades only in the United States. All
accounting and record keeping is done according to USA GAP rules and
regulations, and not according to Indian accounting and Indian exchange
rules. GOLX is the first and only company doing business in India, which
is publicly traded on a USA Stock Exchange, that has achieved this
unique US based and incorporated, totally accountable, corporate
structure in the equities marketplace.
WTH POTENTIAL According to National Association of Software and
Service Companies (NASSCOM), e-commerce transactions in India will
grow by 30 times and approach the $2.3 billion mark in the next three
years, with the bulk of this growth to be business-to-business transactions.
A McKinsey-NASSCOM report estimates Indian B2B to reach $10.0
billion by 2008. GOLX currently holds a contract to provide internet
services to the entire State of Uttar Pradesh. with a population of 170
million people. U.P. is the largest of the 23 States of India and the country
of India now has a population of over 1 billion, second only in size to
China. The technology growth potential of India is obviously enormous.
GOLX AS A TELCO & ISP GOLX developed and owns new and
proprietary Internet technologies to deliver interactive voice, call center
and telecommunication services through its Global Teleportal, integrating
its other revenue streams into the Telecommunications industry in India.
As an industry leader in discount international telecommunications services
and an early player in the international content and global e-commerce
arenas, GOL. The parent company, has specifically targeted the emerging
Asian and European B2B and B2C markets as a focus for its vertically
integrated portal, teleportal and meta-hub growth. Dr. Christopher W.
Hartnett, GOLX's Chairman and Founder states, "Our ISP access and
Telecom services will be launched in 50 major cities in India with 108
switches based on the installation of a super high-speed broadband,
wireless and fixed line Internet backbone for both voice and data
services."
GOLX AS A PORTAL Global Online International (GOL) the parent
company to GOLX, is the first Master ISP portal to 200 Countries and is
the largest assemblage of singly branded Internet real estate in the world,
with over 5,000 separate global domain names unified under one single
brand, "GLOBAL". Features of GOL include: 81 Auction Sites; 36,000
Trade and Product Forums; 22,000 Global V-Commerce Teleportals;
250,000 URL Merchant and Service Provider Links; 47.0 Million Global
Business Information Links; Global MP3 Download Center; Global Trade
Surplus Center; Multilingual Voice-activated Search Engines and Web
Browsers; more than 4750 trained Sales Representatives in 120 countries
and territories around the world; Global Web Hosting; 15.0 million Global
Business Info Links; and the Interactive World Atlas. GOLX is 'uplinked'
to the GOL International web sites and has signed an exclusive agreement
to provide all of GOL's Telecom and Internet services to the entire
country of India.
POWERHOUSE MANAGEMENT Dr. Christopher W. Hartnett ,
Chairman and Founder of Global Online India has recently said, "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."
Anthony (Tony) Santelli, former long time IBM senior executive and
current GOLX CEO, said, "India represents an extremely important online
market for Global Online International (GOL). The exponential growth
taking place in the Indian Internet industry is a major reason GOL chose
India to roll out our first working model of a rich, country-specific site.
With the exploding growth in global B2B e-commerce many companies
have to redesign their Internet strategies. However, GOLX is uniquely
positioned to lead the globalization trend right from the start."
Stock (OTC BB:GOLX.OB - news) : High and Low over the past 2
months: High - 11 Low - 2 |
