neWS is out! ROFLMAO!! It seem like only yesterday when GTT going to conquer Japanese payperview wrestling market, launch video game over fibre in Vancouver, Open first franchise in Kamloops, Launch etarget miracle software to da world, Put target adds in thousand and tousan of Rhona listener, do etv ting, etc, etc. Now dis :( HIW much was all dat going cost anyway???
Global Tree appoints Weinhaupl and Johnston
Global Tree Technologies Inc GTT
Shares issued 46,498,916 Aug 7 close $0.04
Tue 7 Aug 2001 News Release
Mr. Elston Johnston reports
Chris Weinhaupl has been hired as chief operating officer of Global Tree
Technologies (GTT). Mr. Weinhaupl has held technical, marketing and
management positions with a broad range of companies based in Vancouver,
B.C., and Calgary, Alta. These have included telecommunications and
broadband data service companies, financial institutions and multimedia
enterprises. Mr. Weinhaupl's skills and experiences will be valuable in
GTT's continuing development and commercialization of the proprietary
e-targeting software technology.
Elston Johnston has been appointed as chief financial officer for GTT.
Management of GTT has made the decision to suspend operation of MyCityRadio
effective Aug. 2, 2001. MyCityRadio is an Internet broadcast station which
is wholly owned by World Internet Broadcasting Corporation (WIBN) a wholly
owned subsidiary of GTT.
GTT's decision to suspend operations of MyCityRadio was necessitated
because GTT has, as yet, been unable to complete the private placement in
the current unfavourable equity market conditions while concurrently
covering the monthly financial requirements of MyCityRadio. The private
placement was reported in Stockwatch on April 23, 2001, and again referred
to in a press release dated July 10, 2001. When GTT has sufficient finances
to continue to operate MyCityRadio, management will evaluate recommencing
Webcasting.
Various shareholders and directors have injected more than $900,000 into
GTT and WIBN since January, 2001. These cash injections have been effected
by exercising options, exercising warrants and through shareholder loans.
Market conditions have made it difficult for GTT to finalize its private
placement as expected, and therefore, GTT is seeking from the Canadian
Venture Exchange an extension to Oct. 31, 2001, of the deadline to complete
finance raising and to file all of the required private placement
documents. The proceeds of the private placement financing will be used for
general working capital and payment of current liabilities. This private
placement is subject to regulatory approval and a finder's fee is payable.
GTT is also seeking from the Canadian Venture Exchange an extension of the
deadline for filing all of the documents necessary to obtain approval from
the CDNX of its change of business application to Oct. 31, 2001.
GTT will continue operations from its head office in Vancouver and will
concentrate its resources on further development, intellectual property
protection and commercialization of its e-targeting engine processes and
fully integrated targeted streaming advertising system focused on Internet
users.
(c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com
SOMEHOW tink certain other poster wood half time post if shareprice not in da 3 cent crapper |
