To: SSP who wrote (47603 ) 5/19/2000 1:27:00 PM From: Jim Bishop Respond to of 150070
GTMIE on the LIST has news. NEWPORT BEACH, Calif., May 19, 2000 /PRNewswire via COMTEX/ -- Global TeleMedia International, Inc. (OTC Bulletin Board: GTMI) President, Jonathon Bentley-Stevens, announced today that John Walsh the company's Chief Operating Officer has returned from a three week tour of all the subsidiaries in the Pacific Rim area. During the visit, John met with the Presidents and heads of the major telecom wireless and digital companies in several of those countries. The visit was critical to the readiness of the subsidiaries to participate in the roll out of the Smart-e-Card and MessagePilot(TM) products, as well as meetings with auditors to ensure that the reporting methodology is standardized and the present delay in consolidating and finalizing the audits would not occur again. Mr. Stevens said, " now that John has returned we can move full speed in the product roll out of our Smart-e-Card and MessagePilot(TM). John is an integral player in both products and though his absence may have slowed down the release of these products the delays are marginal. Johns visit to the subsidiaries was critical to the conclusion of the auditing and think everyone understands how important the timely filing is for the company and our shareholders. The Company is now confident of filing the amended 10KSB/A within the prescribed time frame." John Walsh said, "it was a necessary visit to the subsidiaries considering how we are accelerating the final systems for the roll out of the Smart-e-Card and the advanced stage of development and early testing of the MessagePilot(TM) Product. I visited with key telecom officials and engineers in each country and all were excited at the prospect of further deploying our TeleCenters in those countries. I also met with hotel and condominium builders and discussed VoIP and MessagePilot(TM) services for those facilities. The reception was very enthusiastic." He continued: "I think most Americans do not appreciate the rapid acceleration of telecom and wireless applications and messaging in the Pacific Rim Countries. These countries have little old infrastructure to supercede, most are new installations and meet no resistance to technological advances and indeed we become exclusive suppliers of telecom and web based goods and services. "I was very surprised at the reaction I received from the heads of the Major telecoms who are our carrier partners, and how they welcome any technological advances in message delivery, unified messaging and the possibility to have the comprehensive e-commerce solutions available in one Smart-e-Card. I also visited extensively with the Ericsson People who are finalizing the VoIP capability and of our National Network in Australia, once fully deployed in every state we will become the first fully national VoIP carrier in Australia and also we would be able to carry VoIP trans-Pacific and this capability excites some of the large multi-national Corporations that we have been visiting who see the combination of MessagePilot(TM) and the Smart-e-Card as a tremendous savings in international communications and e-transfer of funds to employees on location and during travels. "The acceptance of our e-commerce products will accelerate as soon as our first customers come on line and see the results in communication and human resources savings. I was also pleased to see our company achieve such recognition as we did on the IR-On-Line trade show and as well as our own web sites we are featured on www.otcbbstockwatch.com, www.informedinvestor.com and www.e-relations.com. The much-anticipated release of our new products will really be a coming of age for the company and our profitability should significantly increase as soon as the products are available both nationally and internationally." Global TeleMedia International, Inc., located in Newport Beach, California, through its BentleyTel.com subsidiary, (www.bentleytel.com) is a leading developer of interactive software for complex E-commerce solutions, multi-media and 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 manufacturing and, telecom, ISP, and software development facilities in Australia, Malaysia and 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. SOURCE Global TeleMedia International, Inc. CONTACT: Christopher Martinez of OTCBBstockwatch.com, 1-877-788-1940 URL: informedinvestor.com e-relations.com otcbbstockwatch.com bentleytel.com prnewswire.com (C) 2000 PR Newswire. All rights reserved. -0-