Global Telephone Communication Inc. Announces Marketing Agreement with
Planet City Software
SAN DIEGO, March 4 /PRNewswire/ -- Global Telephone Communication Inc. (OTC Bulletin Board: GTCI - news) today announced it has entered into a marketing agreement with Planet City Software (OTC Bulletin Board: PINC - news) to market Planet City's Y2K solutions to Global's customers in the People's Republic of China and Asia.
Global's intends to use its relationships with Chinese government agencies and the private sector, said Terry Wong, president of Global. Global also intends to use its acquisition of 51 percent of Pacific Asset International (PAI) to market the Y2K solutions to PAI's extensive banking network, Mr. Wong added. PAI's network includes the Association of Development Financing Institutions in Asia and the Pacific, which encompasses 78 development banks in 33 countries and the Asian Bankers Association.
Planet City's Y2K software solution includes a hardware fix, which checks and fixes the bios and real time clock and has a software scan which does a bit-by-bit scan of the computer's executable files. Its
Millennium Bug Compliance kit addresses both software and hardware compliance and will flag all software programs with Y2K problems.
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. To
see a recent research report written on GTCI, please visit www.wallstreetresearch.net/gtci/report.html.
Sure is quiet in here since the stock hasn't dove into the earth and the volume has been very good...
chris |
