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Gold/Mining/Energy : GI/TSE GDI Global Data Inc. (Formerly TC/TSE) -- Ignore unavailable to you. Want to Upgrade?

To: gianelda who wrote (10)	11/30/1999 9:01:00 AM
From: Buckey	Respond to of 23

something is obviously up

To: gianelda who wrote (10)	1/20/2000 11:20:00 AM
From: Dennis Lefebvre	Read Replies (1) \| Respond to of 23

Global Data to acquire StarComm Products GDI Global Data Inc GI Shares issued 14,500,000 Jan 19 close $0.97 Thu 20 Jan 2000 News Release Mr. Lawrence Davis reports GDI Global Data has entered into a letter of intent to acquire StarComm Products Inc., a leading developer of industrial rated modems, digital subscriber line (DSL) devices and custom communications modules for utility, transportation and security markets, for $1.6-million (U.S.) in Global Data common shares and cash. This acquisition will strengthen both Global Data and StarComm's ability to provide customers with leading edge communications products and engineering services. Completion of the transaction is subject to execution of definitive documentation, financing and all regulatory approvals. StarComm is a market leader in the development of innovative communications products for secure access, data collection and transmission in harsh environments characterized by extreme temperature and/or humidity, rugged usage and severe electrostatic discharge (ESD). StarComm's complete line of modems, controllers and data collection devices are found in various vertical markets including electronic funds transfer (EFT) for credit and debit card transaction processing, security and card access applications, intelligent transportation systems and supervisory control and data acquisition (SCADA) applications for utility and telemetry markets. These markets continue to be driven by a variety of factors including industry deregulation in the case of the utility industry, government regulation and government financing in the case of tntelligent transportation systems and the continued evolution of communications technology. This demand is based on market pressures for automated solutions to replace costly manual operations. "The addition of StarComm provides tremendous synergistic benefits to Global Data. Adding StarComm's engineering expertise, strong product base and development initiatives in emerging communications technologies including DSL is extremely beneficial to Global Data," said Lawrence E. Davis, president and chief executive officer. "StarComm's engineering and product development expertise combined with Global Data's expanding customer base of leading North American utilities forms the basis of a profitable union. StarComm is an integral step in deploying our business strategy of providing leading edge data communications solutions to our customers." Based in Huntington Beach, Calif., StarComm is a privately held employee-owned company. It was founded in 1995 and employs 10 people, including an engineering staff of five. StarComm president Phil Sutter will continue as president of the StarComm business unit and assume the title of chief technology officer of Global Data, reporting to Mr. Davis, Global Data's president and CEO. StarComm's product development efforts are focused on deploying circuit switched and packet data services in a wide variety of commercial and industrial applications. StarComm's DSL products will enable customers to transition their existing networks to a new generation of communications technology offering higher performance and reliability at reduced costs. "Joining forces with Global Data is the right move for us," said Mr. Sutter, president of StarComm. "Global Data has the market focus and entrepreneurial management team that will enable StarComm's next generation products to achieve market leadership." DSL solutions, ranging from ISDN to xDSL, allow the installed base of twisted-pair wiring in the telecom local loop to be used for high-volume data transmission. Its many variants are emerging as competing ways to offer greater bandwidth to customers. In the near future, DSL technologies will offer commercial and industrial users the same cost-effective solutions now being deployed for residential, small business and branch office subscribers. Analysts forecast that the entire DSL market is set to take off, with projections of seven million DSL lines in service by 2002, compared with fewer than one million today. By 2003, the market is expected to rise to $4-billion (U.S.), almost 40 times last year's estimated total of $103-million. The transaction is expected to close in the first quarter of 2000. Global Data's planned acquisition of StarComm is consistent with its commitment of developing products for an ever expanding range of solutions based on advanced wireless and wire line technology. StarComm will continue to serve its growing customer base, in addition to applying its proprietary technology to Global Data's various customer requirements for fast, secure and reliable communications networks. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com