Look at GTCI. Low float (1.2M), great potential! News out yesterday:
Wednesday August 12, 6:26 pm Eastern Time
Company Press Release
SOURCE: Global Telephone Communication Inc.
Global Telephone Communications Announces Joint Venture Approval
SAN DIEGO, Aug. 12 /PRNewswire/ -- Global Telephone Communication Inc. (OTC Bulletin Board: GTCI - news) today announced that its wholly owned subsidiary, Regent Luck Holdings, received Joint Venture approval from the State Administration of Industry and Commerce of the People's Republic of China.
Regent Luck Holdings is a majority Joint Venture partner in Shenzhen Global Net Computer Information Company, Ltd. (SGNCIC), formerly China Global. SGNCIC anticipates launching its initial ISP operation in Shenzhen within the next 45 days and expects to generate revenues at the outset from contracts and subscribers already in place.
On July 28, 1998, China's central government agency approved the Joint Venture and subsequently issued a business license for SGNCIC. The Joint Venture approval is valid to the year 2013.
SGNCIC operates under an exclusive agency/licensing agreement with Newsnet (a wholly owned subsidiary of China Telecom) to provide basic and advance Internet services in China. The business scope also includes IT systems integration, development and the reselling of IT products.
Shenzhen, a city of 5,000,000 residents, is located in southern China. After establishing its operation in Shenzhen, the Joint Venture company, SGNCIC, will be rolling out its ISP operation to include six major urban areas of China with a total population of approximately 300 million residents.
SOURCE: Global Telephone Communication Inc.
More news will come out soon! Check GTCI thread for more information.
Good luck for all!
Fuza
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