Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : GOLX - Scam or the next Yahoo? -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (19)	10/10/2000 12:29:17 PM
From: Pink Minion	Read Replies (1) \| Respond to of 22

biz.yahoo.com Tuesday October 10, 10:15 am Eastern Time Press Release India Finally Opens Telephony Market to Competition and Global Plans to be There FAIRFIELD, Iowa--(BUSINESS WIRE)--Oct. 10, 2000--Global Online India, Inc. trading under the symbol: GOLX, which launched its mega Indian internet portal and started trading its stock publicly only two months ago, has vowed to help India get ``Globally Linked'' to the rest of the telephony world now that the Indian Government has just agreed to open its telephony market to competition. In addition to its international meta - hub portal Global Online India.com, GOLX is planning on providing both internet access and global telephony services to the over 1 billion people of the second largest population base on earth. GOLX's stock has been up over 1900% in the last eight weeks, following a recent merger and a 200% stock dividend. `` This is not just a ''concept company``, we have worked very hard to build and deploy what we feel is truly the number one global internet portal in all of India and now our focus will be on providing high speed, broadband internet access and crystal clear, reliable telephony services in India as the regulatory environment allows. India currently has a telephone density of only 3 out of 100. That means that only 3 out of every 100 persons in the country have access to a telephone. Internet access is so low, it is estimated that only 1/3 of 1% of the people of India have directly enjoy the benefits of the Internet,'' said Dr. Christopher W. Hartnett, Chairman and founder of Global Online India. ``GOLX, through its parent companies Global Online International (GOL) and USA Global Link, has a tradition of providing telephony services that work and meet the unique demands of its 65,000 international customers in over 120 countries and territories. India is going to be one of the world's major economic and cultural powerhouses in the next few years once it gets ''Globally Linked``. That is our name, that is our business, that is what we have been doing extremely well around the world for the last 8 years. We were one of the very first global telephone companies to provide telephony services internationally and now that experience and know how is going to become laser focused towards India. A great deal of all of our family of companies attention, technology and resources will be allocated towards India over the next two years. As the Indian market deregulates, which I'm happy to say we are finally seeing major steps by the government in that direction, we are going to be in that market in a major competitive way. We want to provide to the people of India access to the goods and services that they need in order fully take their golden seat at the world economic table'', said Dr. Hartnett. Global Online India (GOLX) is one of the premier providers of e-commerce services and e-business solutions to the 1.0 million Internet users in India and to the approximate 20.0 million Indian expatriates around the world through its meta-hub ``www.GOLindia.com''. This international meta-hub currently provides a range of business services such as: online forms for Indian taxation, customs, and import/export businesses; a loan finding service; Indian rail, air and movie tickets; online insurance and credit card applications; online medical and legal advice; and web stock trading and advanced technical analysis; among others. General services for end-users and small businesses include: news, chat, Bollywood, e-greetings, sports, stock information, auctions, classifieds, yellow and white pages, and jobs. Global Online India is affiliated with Global Online, Inc. (GOL), which is a wholly-owned subsidiary of USA Global Link, a major pioneer since 1992 in the discount international telecommunication service providing arena. Global Online (GOL), an international meta-hub located at ``www.GlobalOnline.com'', is the world's first global gateway to international life and world trade, providing B2B and B2C e-commerce services through its 5,680 web sites in 18 languages and 29 currencies in over 120 countries worldwide. This press release contains forward-looking statements that are subject to risks and uncertainties. Any statements that are not statements of historical fact (including without limitation statements to the effect that the Company or its management ``believes,'' ``expects,'' ``anticipates,'' ``plans'' and similar expressions) should be considered forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, uncertainties related to demand for the company's services; costs of operation; competition; changes in laws or regulations or in their interpretation; technological changes; economic conditions and other risks described from time to time in the Company's filings with the Securities and Exchange Commission. Global Online India trades on the OTC:BB under the symbol : GOLX.