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

To: Pink Minion who wrote (20)	10/16/2000 10:31:47 AM
From: Pink Minion	Respond to of 22

biz.yahoo.com Monday October 16, 8:07 am Eastern Time Press Release Global Online India Partners with Global Link Communications, Bangladesh Global Online India's Telecom Products Set to Improve Telecommunications in Bangladesh FAIRFIELD, Iowa--(BUSINESS WIRE)--Oct. 16, 2000-- Global Online India (www.GOLIndia.com) announced today a partnership with Global Link Communications in Bangladesh. The new partnership will bring Global Online India's state-of-the-art suite of telecommunications products to customers throughout Bangladesh. ``We selected Global Online India because of their excellent service and competitive pricing as well as their vision to offer multiple telecom related services,'' said Abdullah Mamun, Managing Director of Global Link Communications and parent company, Beringia Bangladesh Ltd. ``Offering reliable and innovative business services is critical because of the reputation our business and family have been offering to Bangladesh for decades.'' Global Online India's (OTCBB:GOLX - news) Telecom Center offers a complete suite of global telecom services including Global WebFax, Global Phone Cards, Global Toll-Free services, Instant Weblink (web-based international long distance) and Instant Call services (`click to call' services conferencing eight parties through software). Dr. Christopher Hartnett, Global Online India's founder and chairman said, ``Global Online India will contribute greatly to Bangladesh because of our leading-edge telecommunications. Global Online India has built a world class portal and will soon be assuming the role of a digital conglomerate in India with a high-speed network build out.'' Mr. Mamun said, ``Global Link Communications will begin right away by launching Global WebFax for Bangladesh because of the increased demand to lower communications costs for businesses in Dhaka.'' Global WebFax caters to businesses of all sizes and provides customers worldwide with a complete suite of Internet fax services, including: Desktop-to-fax, Email-to-fax, Web-to-fax, and fax-to-fax. According to a July 2000 Harvard University report, in Bangladesh, with ``a call completion rate of about 40 percent, there is widespread dissatisfaction among key business customers. The government expects private investments and operations to play an increasingly important role in the provision of telecommunication services.'' A Canadian International Development Agency March 2000 report, highlighting the need for more competitiveness in Bangladesh, states ``the charge for faxing the UK from Bangladesh is $1.50 USD/minute, or about six times higher than the charge for calling Bangladesh from the UK.'' Global Webfax will be able to reduce fax costs approximately 80% for businesses in Dhaka providing a competitive edge for global business opportunities. Dr. Hartnett said, ``Global Online India is pursuing important partnerships in Asia to help improve telecommunications. Bangladesh, which shares about 90% of its border with India, is an important emerging market. Global Online India, with its globally-linked services, will be able to significantly contribute toward important telecommunications improvements.'' Global Online India has the advantage of linking to Global Online International (www.GlobalOnline.com), the premiere 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. Global Online International markets its services through an international network of 3,075 registered sales representatives in 120 countries, supported by a 24x7 customer service staff operating in multiple languages. Global Online India trades on the OTC:BB under the symbol : GOLX. 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; 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.