NEWS copied from RB:
Global DataTel Forms e-CommerceBusiness Centers in North and South America; Company to ReportProfitable 1998
May 4, 1999 07:30 AM
DELRAY BEACH, Fla.--(BUSINESS WIRE)--May 4, 1999--Global DataTel Inc. GDIS today announced the formation of four e-Commerce Business Centers, strategically located in North and South Amercia.
These offices will be located in Miami, Florida; Mexico City, Mexico; Bogota, Colombia; and Sao Paulo, Brazil.
In conjunction with the eHOLA.com Online Service Network, Global DataTel has established a dedicated infrastructure for the development, integration and implementation of the internet into Latin American Fortune 1000 companies. These offices constitute the first dedicated e-Business facilities in Latin America that will include hardware, software, internet expertise, training and design engineers for enterprise wide intranet, extranet, business to business, and business to consumer solutions.
The solutions include cross platform applications and utilize Wintel, Unix, AS/400, and S/390 operating system environments. The eHOLA.com will provide internet access to the corporations across the Americas, as well as search engine technology for the projects.
The centers are expected to become operational in the second quarter 1999.
Global DataTel also announced that it expects to file its Form 10KSB this month with the U.S. Securities & Exchange Commission. For the year ending December 1998, Global DataTel expects pro forma revenue of approximately $23.3 million with pro forma net earnings of approximately $1.9 million or 25 cents per share. EBITDA (Earnings before interest expense, income taxes, depreciation and amortization) are expected to amount to approximately $3.1 million. Global DataTel has 9,482,623 shares outstanding.
Global DataTel (www.globaldatatel.com), as a first tier IBM Business Partner, is the Latin American leader in medium to large system integration projects. Global also partners with Compaq, Dell, Hewlett-Packard and Cisco, and is a Microsoft Certified Solution Provider, Lotus Premier Team Provider and is a Microsoft Certified Solution Provider, Lotus Premier Team Provider and is a distributor of JBA International E.R.P. company.
Global offers information systems expertise, Online service (www.ehola.com) and Latin media services throughout South America. Headquartered in Delray Beach, Fla., Global has offices throughout Colombia, Mexico and Brazil.
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Forward-looking statements involve the known and unknown risks and uncertainties that may cause the company's actual results in future period to differ materially from that which is anticipated. |
