Any idea what is going on! No PR from GRGI yet. Start trading 4 days ago? Any info.
Thanks in advance. Pete PS GRGI they have RMJ for PR too. ======================================================================== Business Wire - April 21, 1998 09:16
%CATALYST-COMM CLYC %FLORIDA %COMED %TELECOMMUNICATIONS V%BW P%BW
SARASOTA, Fla.--(BUSINESS WIRE)--April 21, 1998--Catalyst Communications, Inc. of Sarasota, Florida, (OTC Bulletin Board symbol "CLYC"), announced today the sale of the marketing rights of their internationally patented TeleprizesTM pre-paid phone card product(s).
Global Resources Group, Inc., (OTC Bulletin Board symbol "GRGI"), a West Palm Beach, Florida based diversified holding company with strong relationships in the domestic and international telecommunications marketplace, acquired the rights for 3,150,000 shares of GRGI common stock.
Global Resources has the ability to immediately open the European and Asian markets to the unique TeleprizesTM premium reward based phone card products. This provides Catalyst and its partner, RealTime Media, Inc. a tremendous advantage in the ultra competitive world wide pre-paid phone card marketplace.
"This new relationship should accelerate our business plan by at least one year and immediately provide us with an existing base of 500,000 new customers. Additionally, it allows Catalyst to focus on its core business, which is the development of new and exciting telecommunications based products for the consumer marketplace:, said Carl Smith, Chairman of Catalyst Communications, Inc.
CONTACT: Peter Bianchi RMJ & Associates (281) 596-9000 |