Global Telephone Communication Inc. Is Listed On
Berlin Stock Exchange Due to Investor Interest
SAN DIEGO--(BUSINESS WIRE)--May 20, 1999--Global Telephone Communication Inc. (OTC BB:GTCI) today
announced that Berliner Freiverkehr (Aktien) Handel AG, a German specialist firm operating on the Berlin, Frankfurt, and
Stuttgart exchanges, has listed GTCI on the Berlin Stock Exchange due to investor interest.
GTCI's trading symbol on the Berlin Stock Exchange is GTB.
Berliner Freiverkehr (Aktien) Handel AG was approached by banks, and by financial institutions and their clients inquiring to
invest in GTCI stock. As a result of a substantial number of inquiries, Berliner Freiverkehr began making a market in GTCI's
shares on the Berlin Stock Exchange on April 12, 1999. The stock is sold in Euro Dollars with 1USD being equivalent to
1.064 Euro Dollars. GTCI (GTB) is currently trading around $3.00 EURO.
Berliner Freiverkehr (Aktien) Handel AG is a specialist firm acting as a market maker for OTC listed companies in Berlin,
Frankfurt, and Stuttgart. Their specialty is in the introduction of foreign stocks to the German market. As German investors
look increasingly towards foreign investments, Berliner Freiverkehr (Aktien) Handel AG provides a valued service, and has
been very successful to the present day.
Berliner Freiverkehr (Aktien) Handel AG has successfully introduced over 1,000 foreign equities in Berlin with high liquidity. In
1998, their trading volume was approximately 60 billion Deutschmarks in the OTC market. GTCI now possesses many
advantages in the trading of their shares in Berlin. German investors, including smaller ones, can buy shares in the newly
established Euro. Because of this, transactions are much easier to undertake and are less expensive. Berliner Freiverkehr
(Aktien) Handel AG also provides the financial press with information about GTCI, and the fact that the service of listing
GTCI's equities was provided without charge, has attracted significant publicity.
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, as well by visiting
superstocks.net and wallstreetresearch.net. |
