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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 (599)	12/5/2000 1:50:33 PM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 613

GTMI and Far East Ventures Inc. Sign National Distribution Deal For BentleyTel Cards BentleyTel Cards to be Distributed Through 55,000 Locations in 42 States NEWPORT BEACH, Calif., Dec. 5 /PRNewswire/ -- Global TeleMedia International (OTC Bulletin Board: GLTI) announced that it had executed a distribution agreement with Far East Ventures Inc. (OTC Bulletin Board: FEVI) for distribution the Proprietary BentleyTel Smart-e-Card throughout FEVI's wholesale distribution network which has approximately 55,000 locations in 42 states. Michael Fletcher, FEVI Chairman said, "FEVI, through its wholly owned subsidiary SCI, has been an innovator in the prepaid calling card business since 1995, with projected revenues for 2001 at $105 million, is now one of the industry's leaders in sales and distribution. The company specializes in providing private label cards for master distributors, and will soon move from being a switchless re-seller to a facilities based provider. Because of senior management's extensive experience in telecommunications, the company provides a wide variety of calling cards, which benefits its network of distributors and end users in maximizing market potential. We are pleased to enter into an agreement of this type with GTMI. Though FEVI has major distribution of phonecards in the United States, it does not have the availability of a financial services card with international origination such as the BentleyTel Smart-e-Card. The BentleyTel Smart-e-Card has foreign termination to 223 countries and foreign origination in 107 countries and we are keen to integrate this innovative card into our distribution network. Under our agreement GTMI will develop a BentleyTel Phonecard, which will be distributed by FEVI as a stepping-stone to the full service Smart-e-Card. The BentleyTel Phonecard will be sold through our existing outlets while we simultaneously promote the BentleyTel full service Smart-e-card and qualify as many of our locations as possible for introduction of the BentleyTel Smart-e-Cash machines." President Jonathon Bentley-Stevens said, "The distribution agreement is a significant achievement for GTMI, partnering with a corporation with the depth of industry experience and strong nationwide distribution such as FEVI should mean immediate revenues while establishing the BentleyTel brand here in the USA. We are committed to working with the management of FEVI to identify and qualify as many of their outlets as possible for potential locations of the Smart-e-Cash machines. We see the distribution of the BentleyTel International Phonecard as an introduction to the distribution of our proprietary Smart-e-Card. Once locations are identified as having the correct demographics for the placement of a Smart-e-Cash machine GTMI and FEVI will jointly market through customer education, product integration and telemarketing to promote the BentleyTel Smart-e-Card and also direct clients to the stores which sell Smart-e-Cards or locations which have the Smart-e-Cash machines. This agreement will make FEVI a leading provider of Smart-e-Cards and able to take advantage of the growth in the check cashing industry which is reportedly growing at 15% per annum. The BentleyTel Smart-e-Card is a Visa/MasterCard/debitcard/International Phonecard/ international funds-transfer card and is targeted for the estimated $6 billion dollar Smart Card market. www.smart-e-card.net . PR inquiries: GTMI direct on 949-253-9588 or e-mail at GTMImail@cs.com 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 Global TeleMedia International Inc. /CONTACT: GTMI, 949-253-9588, GTMImail@cs.com/ /Web site: bentleytel.com /Web site: smart-e-card.net