biz.yahoo.com
Monday October 16, 8:07 am Eastern Time
Press Release
Global Online India
Partners with Global Link
Communications,
Bangladesh
Global Online India's Telecom Products Set to Improve
Telecommunications in Bangladesh
FAIRFIELD, Iowa--(BUSINESS WIRE)--Oct. 16, 2000-- Global Online
India (www.GOLIndia.com) announced today a partnership with Global Link
Communications in Bangladesh. The new partnership will bring Global Online
India's state-of-the-art suite of
telecommunications products to customers throughout Bangladesh.
``We selected Global Online India because of their excellent service and
competitive pricing as well as their vision to offer multiple telecom related
services,'' said Abdullah Mamun, Managing Director of Global Link
Communications and parent company, Beringia Bangladesh Ltd. ``Offering
reliable and innovative business services is critical because of the reputation our
business and family have been offering to Bangladesh for decades.''
Global Online India's (OTCBB:GOLX - news) Telecom Center offers a
complete suite of global telecom services including Global WebFax,
Global Phone Cards, Global Toll-Free services, Instant Weblink
(web-based international long distance) and Instant Call services (`click to call'
services conferencing eight parties through software).
Dr. Christopher Hartnett, Global Online India's founder and chairman said,
``Global Online India will contribute greatly to Bangladesh because of our
leading-edge telecommunications. Global Online India has built a world class
portal and will soon be assuming the role of a digital conglomerate in India with a
high-speed network build out.''
Mr. Mamun said, ``Global Link Communications will begin right away by
launching Global WebFax for Bangladesh because of the increased demand to
lower communications costs for businesses in Dhaka.'' Global WebFax caters to
businesses of all sizes and provides customers worldwide with a complete suite
of Internet fax services, including: Desktop-to-fax, Email-to-fax, Web-to-fax,
and fax-to-fax.
According to a July 2000 Harvard University report, in Bangladesh, with ``a call
completion rate of about 40 percent, there is widespread dissatisfaction among
key business customers. The government expects private investments and
operations to play an increasingly important role in the provision of
telecommunication services.''
A Canadian International Development Agency March 2000 report, highlighting
the need for more competitiveness in Bangladesh, states ``the charge for faxing
the UK from Bangladesh is $1.50 USD/minute, or about six times higher than
the charge for calling Bangladesh from the UK.'' Global Webfax will be able to
reduce fax costs approximately 80% for businesses in Dhaka providing a
competitive edge for global business opportunities.
Dr. Hartnett said, ``Global Online India is pursuing important partnerships in
Asia to help improve telecommunications. Bangladesh, which shares about 90%
of its border with India, is an important emerging market. Global Online India,
with its globally-linked services, will be able to significantly contribute toward
important telecommunications improvements.''
Global Online India has the advantage of linking to Global Online International
(www.GlobalOnline.com), the premiere 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. Global Online International markets
its services through an international network of 3,075 registered sales
representatives in 120 countries, supported by a 24x7 customer service staff
operating in multiple languages.
Global Online India trades on the OTC:BB under the symbol : GOLX.
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; 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. |
