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Pastimes : The OTCBB Garbage Dump -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (2885)	10/21/1999 2:00:00 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 2942

NEW YORK, Oct 21, 1999 (BUSINESS WIRE) -- Global Network Inc. (OTCBB:GNNU) announced today that various significant shareholders have cancelled approximately two thirds of the outstanding shares of the Company's stock. The Company has either received or received notice from brokerage firms that approximately 21,150,000 shares are being retired. Following this retirement there will be approximately 10,800,000 shares outstanding of which approximately 9,200,000 shares are restricted. Jim Mason, President of Global Network said, "We are extremely pleased that we were able to complete the reduction in outstanding shares we had announced on September 17, 1999. We believe this will be of significant long term benefit to our shareholders and to the Company as well." For more information, go to GNNU's web site at dgonn.com or globalnetworksonline.com. Statements in this press release other than statements of historical fact including statements regarding the company's plans, beliefs and estimates as to projected market size are "forward-looking statements." Such statements are subject to certain risks and uncertainties and actual results could differ materially. These forward-looking statements represent the company's judgment as of the date of this release. The company disclaims, however, any intent or obligation to update these forward-looking statements.