Here's the story on GTMI. It is a great opportunity to make a big gain in a few days. If the merger goes through with the Bentley Holding Co. this could go to $5 in a day. GTMI has the technology and Bentley has the cash. Read about the story below. It does involve risk but the rewards could be very sweet.
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GTMI had acquired a patented technology for extremely fast wireless data transmission. The press release for this is below. GTMI has very limited capital to bring this technology to a reality but another company, Bentley holding co. does and they want to do a reverse merger with GTMI. If things fall into place GTMI could be bought for a very handsome premium to Fridays closing price. It may be worth a few bucks to as high as 5. Is this a sure thing? No. But if you have some money to risk this could be a very quick gain of 4-5 times your money. The volume on Friday tells me that something is going on and makes this worth the risk. The stock is trading at the low end of it's range still so the risk is somewhat lessened.
Global Telemedia International, Inc. (OTC-Bulletin Board: GTMI) (GTMI), announced today that it has executed a Letter of Intent for the acquisition of fifty-one percent (51%) of UltraPulse Communications Incorporated ("UCI"). UCI is a privately held high technology company that enjoys exclusive license from its principal stockholder, Terence W. Barrett, Ph.D., (expert in time frequency analysis, synthesis and related technologies and pulse signal surveillance and communications) for development, production, and marketing of wireless communications products using a new form of ultrafast, extremely high data rate technology that will permit for the first time:
1. Wireless data rates in excess of 155+ MBS without compression,
which is more than an order of magnitude better than any other
wireless products;
2. The linking of buildings, office complexes, school systems and
medical complexes with affordable, reconfigurable wireless linkages
comparable to the current high data rates of fiber-optic technology
using either ATM or STM;
Data rate on demand and extremely high processing gains;
4. Reliable WAN, LAN, and PBX communications, which are minimally
affected by building structures, etc., and can operate at rates
greater than 10 Mbs;
5. Size, weight, power and cost vastly superior to competing wireless
technologies.
Roderick A. McClain, GTMI's President and Chairman added: "This
acquisition brings to us a patented technology capable of transmitting voice and data at unusually high rates providing a bandwidth solution to a great number of communication companies in today's marketplace. This technology accomplishes wireless data transmission competitive with the speed and quality of fiber optics. UCI's existing list of customers awaiting deployment
includes some of the largest Communication companies, Fortune 500 companies, and multiple prestigious educational institutions for "Distance Learning Projects." |
