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Microcap & Penny Stocks : GLTI (Global TeleMedia International Inc.)-fomerly GTMI

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To: Ironyman who wrote (382)	4/8/1999 9:42:00 AM
From: Dave Gore	Read Replies (1) of 613

Eric, not sure how you can say how many houses they acan build if you don't know how many workers they have. Remember this project is for workers in the Phillipine Government. These are $10,000 homes, not mansions. READ BELOW. The contract is expected to generate more than US$36 million in monthly revenues and US$16 million in monthly gross profits, which will be in addition to any revenues or profits generated by GTMI's exclusive telecommunication rights or any other BHFC or GTMI revenues or gross profits. Construction permits have been issued on approximately 20,000 housing lots on properties owned by BHFC. The homes, which will be built for the National Police, Armed Forces of the Philippines and the Department of Interior and Local government. The average sales price of the houses being constructed will approximate US$10,000, and generate to BHFC a gross profit of more than 45 percent. Using modular design and steel construction technology, the houses can be completed at the rate of 120 per day, or approximately 3,600 per month. Construction crews have been scheduled seven days per week.

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