GLOBUS INTERNATIONAL RESOURCES - Profitable Year and Successful Start to New Business Plan
New York, New York, Jan 28, 2002 (Market News Publishing via COMTEX) -- Globus International Resources reported that revenues in its international trade business rose 16.2% to $9,010,215 and net income was $7,447, up dramatically
from a $3.6M loss the previous year.
With employees in both the U.S. and Russia, Globus has developed and operates E-GlobusNet.com, a unique, multilingual website available in English, Russian, German, French, and Spanish.
Product listings from throughout the world, some as large as $3M, have grown steadily in the past year and are expected to see consistent growth.
Yury Greene, CEO, who travels extensively between the U.S., Russia, and Eastern Europe, says that economic growth in the region has far outpaced Western countries, and interest in these Eastern markets has also increased. "Many American and European countries see the huge potential in developing economies, especially Russia, which is expected to grow steadily for the foreseeable future," says Greene. "There has been a strong interest in E-GlobusNet because of its ability to streamline trade, cross language barriers, and expand a company's market. In addition, Globus is a well-trusted company in this region because of over seven years of highly visible business in developing countries."
Besides E-GlobusNet, the Company is working on other projects that will further expand its business and increase growth.
Globus International Resources Corp., based in New York City, is a full-service, internet-based trade company dealing primarily in commerce among companies in the U.S., Western Europe, Eastern Europe, and Russia. It specializes in large lots of goods typically traded across borders, such as food, metals, and other bulk items.
This news release contains forward looking statements based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. The Company undertakes no
obligation to release publicly the results of any revision to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated events.
CONTACT: TEL: 212/558-6100 Yury Greene, Globus International Resourc
s Corp. |
