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To: Honor+Integrity who wrote (144)	10/21/1999 1:53:00 PM
From: jccodez	Respond to of 4792

(COMTEX) B: Global Network, Inc. Announces Retirement of Approximatel B: Global Network, Inc. Announces Retirement of Approximately Two-Thirds of its Outstanding Shares Since Acquisition August 5, 1999 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 (COMTEX) B: Global Network, Inc. Announces Retirement of Approximatel B: Global Network, Inc. Announces Retirement of Approximately Two-Thirds of its Outstanding Shares Since Acquisition August 5, 1999 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. Copyright (C) 1999 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Global Network, Inc., New York James C. Mason, President Tel: 212/605-0431 E-mail: jcmason@dgonn.com WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INDUSTRY CODE: INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story * * end of story *

To: Honor+Integrity who wrote (144)	10/21/1999 2:26:00 PM
From: Tom Allinder	Read Replies (2) \| Respond to of 4792

DD on GLNC... Glenhills Corp is essentially a shell... Shares: O/S: 12M Float: 2M An investment group owns 6M, Company insiders own 4M. No R/S is planned. Glenhills Corp will become Millennium Multi-Media by December 15. This will include a ticker change. What will Millennium Multi-Media be? It will be an entertainment portal. MMM will sell music, movies and other medial through an internet site. The biggest thing they will be doing is selling downloadable movies, music etc. Blockbuster is in process of trying to do this with regard to rentals. This is being driven by the increasing bandwidth availability across the U.S. MMM web site will be a global portal. Why might this work? MMM CEO is Charles Webber. CW has 20 years experience in the entertainment industry and is the former CEO of Lucasfilm Ltd. Lucas films have enjoyed a certain amount of success over the years. Webber is well connected in the entertainment business. There will be a NR between now and Dec 15 of the completion of the RM into GLNC along with the new ticker. After that will be the launch of the web portal along with a number of "deals" that are being worked out now. While valuations at this point are pure speculation... with only 12M shares O/S... Mark Taggatz, my contact for the deal seems to think that at .05 X .09, Millennium Multi-Media would be severely undervalued once the curtain is lifted on the new company/ticker. Finally, this will be an ongoing process and I will stay on the company to get developments to you as they happen. I realize there are lots of questions and I am working to get the answers. If the stock goes through .09, it will run. Please do your own DD... not a rec to buy. Tom