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To: david sandel who wrote (33028)	3/3/2000 3:09:00 PM
From: etcobbe	Respond to of 150070

David - GTMI is planning to get listed. Read the news release. I have attached it. Great signs for a growing company. Related Quotes GTMI.OB 1.450000 +0.540000 delayed 20 mins - disclaimer Friday March 3, 8:55 am Eastern Time Company Press Release Global Telemedia International Board of Directors has Officially Cancelled the Proposed Reverse Split Company Believes Explosive Growth Potential And Future Projected Income From MessagePilot(TM) And The BentleyTel Proprietary SmartCard Have Eliminated The Need For a Reverse Split of The Company's stock. NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 3, 2000--Global TeleMedia International, Inc. (OTC: BB: GTMI) announced today that its Board of Directors in voting to cancel the reverse split cited the potential growth figures from its BentleyTel.com subsidiary, which should show significant income in the second quarter 2000, and continue strongly in the second half of 2000. The Board has decided that the expansion of the Company's network and operating divisions, together with the current economic boom in the Asia-Pacific region, should result in a substantial increase in income. The Board believes that with such strong potential income from its products, the Company's shares will increase in value sufficiently to qualify for a major exchange listing planned for this year. The pro-forma income statements presented at the recent Board meeting show that the BentleyTel.com's proprietary SmartCard, with the first 500,000 members, should realize gross income of $107,000,000 million with a net profit of $73,500,000 by the end of 2002. MessagePilot(TM) will be available as a Business-to-Business product as well as an enhanced service on the proprietary SmartCard. These pro-forma statements also show that the first 950,000 members should result in a net profit of $61,500,000 by the end of 2002. Global TeleMedia International, Inc., located in Newport Beach, California, through its BentleyTel.com subsidiary, is a leading developer of software for media, high speed, Internet and wireless communication systems, including international & long distance Voice over IP, LAN VPN (Virtual Private Network), ISP, Virtual ISP, and PC-PC, PC-Phone transmission of data and voice. It also owns certain real estate based assets in the Philippines. This press release contains forward-looking statements. All such statements involve risks and uncertainties, including, without limitation, the risks detailed in Global TeleMedia's filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ materially. This release and prior releases are available on the KCSA Public Relations Worldwide Web site at www.kcsa.com. -------------------------------------------------------------------------------- Contact: KCSA for GLOBAL TELEMEDIA INTERNATIONAL, INC. Robert Giordano/Daniel Stepanek 212/896-1289/1202 rgiordano@kcsa.com/dstepanek@kcsa.com www.kcsa.com