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Microcap & Penny Stocks : GLTI (Global TeleMedia International Inc.)-fomerly GTMI -- Ignore unavailable to you. Want to Upgrade?

To: SCOOBEY-DO who wrote (595)	11/28/2000 9:26:59 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 613

EquityNet Research Initiates Coverage on Global TeleMedia, Inc. With a Speculative Buy Rating Analyst Puts 6-Month Target Price at $3.60 NEWPORT BEACH, Calif., Nov. 28 /PRNewswire/ -- Global TeleMedia International (OTC Bulletin Board: GLTI) announced today that EquityNet Research, a West-Coast, independent research firm, is initiating coverage on Global TeleMedia, Inc. with a 'Speculative Buy' recommendation. Carl Ports, Senior Analyst with EquityNet who is covering the Company, stated, "The Company has unveiled its proprietary Smart-e-Card(TM), which should be available to the public in early 2001. The Smart-e-Card(TM) (calling card, ATM, debit-card and funds transfer card all rolled into one) will be targeted at members of the non-banking community who use check-cashing services and conduct wire transfers. We believe this is a large market opportunity in which potential competitors do not currently possess the unique combination of network infrastructure and software, strategic relationships, and data processing capabilities necessary to effectively compete in this market. Ports continued, "Current management took over in mid-1999, and has since finalized settlements on over $20 million in debt and grown revenues from $216,039 to $1,523,150 through a combination of acquisitions and organic growth. Management's investment of over $7 million into GLTI signifies its commitment and confidence in the significant investment opportunities of the Company." A full copy of the report is available at the EquityNet Research Web site at www.equitynet.net. Through GLTI's 55% interest in BentleyTel.com, the Company provides advanced telecommunications services such as VoIP, VPN on its own private frame relay Australian National Network, as well as GSM wireless long distance services, and smart-card solutions on a worldwide basis. BentleyTel's long term Government and ISP industry clients coupled with such strategic partners as Cable & Wireless and Ericsson bring stability and long-term revenue growth. EquityNet Research was formed to provide the investing public with professional, independent, objective research on under-followed public companies. It does this by preparing detailed research that highlights the key aspects of each company and its industry, both positive and negative. EquityNet strictly maintains independence and objectivity according to the Standards of Professional Conduct of the Association of Investment Management and Research (AIMR). Contact: EquityNet Research Carl Ports, Senior Analyst (818) 783-5006 cports@equitynet.net 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 Smart-e-Card and E-commerce solutions, Voice over IP, LAN VPN (Virtual Private Network), ISP and Virtual ISP. GTMI also owns manufacturing, telecom, ISP, and software development facilities in the USA, 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 TeleMedia International, Inc. /CONTACT: Carl Ports, Senior Analyst of EquityNet Research, 818-783-5006, cports@equitynet.net/ /Web site: equitynet.net /Web site: bentleytel