Company Press Release
Monday January 11, 10:58 am Eastern Time
SOURCE: Global Telephone Communications, Inc.
Global Telephone Communication Inc. Announces New Teaming Agreement
With Veronex Technologies
SAN DIEGO, Calif., Jan. 11 /PRNewswire/ -- Global Telephone Communication Inc. (OTC Bulletin Board: GTCI - news) today announced it has entered into a
teaming agreement with Veronex Technologies, Inc. (OTC Bulletin Board: VXTK - news) to jointly pursue business opportunities in the People's Republic of China.
The two companies will be involved in a select applications development and applications management outsourcing. Veronex will benefit from Global's established
relationships in the People's Republic of China. Global will take advantage of Veronex's innovative I/Nova System for solving the Year 2000 computer problem and
improving the time-to-market, quality and cost of applications development and management.
Veronex has created the I/Nova System, a new technology for applications lifecycle, in essence, through a library of functional modules and a run-time system that
enables software developers to save time and improve quality through effective reuse of commonly-utilized functions. This unique technology is platform independent,
self-documenting, and highly efficient. The technology also improves existing applications and can solve the Y2K problem with its automated DataCentric Analyzer.
''Global is continually looking for information technology tools that allow our clients and partners to provide the most rapid and highest quality solutions. We've been
impressed with what we've seen from the I/Nova System,'' said Terry Wong, president of Global. ''Global has established itself as an exclusive supplier of Y2K solutions
for the PC market in China, and the I/Nova System will broaden our Y2K solutions services to the mainframe computer market.''
About Veronex Technologies, Inc.
Veronex designs, develops, licenses and supports computer software products for complete ''business system'' application development and implementation for
enterprise solutions on mainframe computers. The company's I/Nova System is a fully integrated business application development tool for enterprise resource planning
and has been ITAA +2000 certified. More information can be obtained about Veronex by visiting its Web Site at veronex.com.
About Global Telephone Communications Inc.
Global Telephone Communication Inc., is working with China Telecom to bring wide access of the Internet to the Peoples Republic of China. Through its wholly owned
subsidiary Regent Luck Holdings, Global Telephone operates under an exclusive agency/licensing agreement with China Telecom's wholly owned subsidiary, Newsnet,
to provide basic and advanced Internet services. Also within the agreement is Global Telephone's ability to provide Internet Telephony systems and products. According
to statistics recently released by the China National Network Information Center, registered Internet users reached 1.175 million by the end of June, 1998, doubling the
number of users over the previous six month period. More information can be obtained about Global by visiting its Web Site at globaltci.com.
This statement includes forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain
risks and uncertainties. There can be no assurance that the actual results, business conditions, business developments, losses and contingencies and local and foreign
factors will not differ materially from those suggested in the forward-looking statements as a result of various factors, including market conditions, competition, advances
in technology and other factors.
SOURCE: Global Telephone Communications, Inc. |
