Global TeleMedia and Universal Express, Inc. / Postal Business Center Network Sign Agreement for 1,600 Smart-e-Cash Machines
The Agreement Will Give Immediate Placement Opportunities for the BentleyTel Smart-e-Cash Machines in Up to 1,600 Existing Locations Throughout the USA
NEWPORT BEACH, Calif., Dec. 13 /PRNewswire/ -- Global TeleMedia International (OTC Bulletin Board: GLTI) announced that it had executed a distribution agreement with Universal Express, Inc. (OTC Bulletin Board: USXP) for the placement of up to 1,600 smart-e-cash machines in the USXP's member locations throughout the United States and South America.
Universal Express, Inc. (OTC Bulletin Board: USXP) has 7,500 Universal Express and Postal Business Center Network.com (PBC Network) member locations that USXP and GLTI will immediately start to pre-qualify for installation of the Smart-e-Cash Automatic Banking Machines.
GLTI President, Jonathon Bentley-Stevens said, "The agreement with USXP will save the company millions of dollars and years of advertising, promotion and public awareness programs. The USXP/PBC network, which also includes many Mailbox Etc stores, is already 7,500 members strong and with USXP agreeing to co-operate in the marketing program we will have machines in the most high traffic locations as soon as Sprint can make the frame relay lines available. The synergy is tremendous. Universal Express, Inc. (USXP) owns and operates several subsidiaries such as WorldPost Network.com and the Postal Business Center Network (PBC Network.com) as well as Skynet Worldwide Express and the Private Postal Network.com (PPN). Customers go to the PBC Network member stores with Smart-e-Cash machines and cash checks, get money orders, transfer funds interstate and overseas and instantly re-charge their BentleyTel Smart-e-Card. It guarantees GLTI an instant nationwide network and existing client base in the time of year when demands for these services are at their peak."
Richard A. Altomare, CEO of USXP said, "The BentleyTel Smart-e-Cash ABM will not only be an excellent form of revenue for our members, but it will help them increase our stores foot traffic and return business. This agreement is an exciting venture and we look forward to our relationship with Global TeleMedia International, Inc. The potential to generate revenues for all involved are astronomical. Imagine a nationwide network of banking machines that do more than your normal ATM. The opportunities are endless."
He continued, "The new BentleyTel Smart-e-Cash ABM is the most versatile, customer-friendly, multi-function machine on the market today. It is extremely easy to use with fully bilingual on-screen instructions. It takes the consumer through very easy steps to conduct the transactions of their choice. The Smart-e-Cash(TM) ABM gives consumers the opportunity to use typical ATM services plus check cashing, payroll check cashing, money orders, government checks cashing, wiring of funds and dispenses a Smart-e-Card/Master Card/debit card allowing them to return to any Smart-e-Cash and use any of the services available or withdraw cash from any of 700,000 ATM machines worldwide and use the BentleyTel Smart-e-Card in any one of 17,000,000 MasterCard establishments. This is particularly important for the approximately 41 million non-banked or credit challenged American residents, particularly as a financial and phone connection to those with families abroad. The recent addition of Skynet Worldwide Express to the USXP group can allow the world-wide delivery of BentleyTel Smart-e-Cards to family members."
Jonathon Bentley-Stevens added, "It is strategic alliances like these that will propel the BentleyTel products into the public arena. It's not enough being first, you have to explode into the market and we believe that partnerships like these will do just that for GLTI. It is disappointing that the market conditions do not reflect the true value of the majority of listed companies, but we are confident that the sheer power of GLTI revenues will build and sustain our share value. Projected revenues, based on both actual machines in the market and the additional international funds transfers services provided by the BentleyTel Smart-e-Card, estimate that each machine should generate an average revenue of $150,000+ per year in each location. The planned deployment of 2,156 machines over a 3 year installation program, the company expects to generate approximately $327,000,000 in annual recurring revenues. The USXP agreement for 1,600 machines has accelerated that plan. This agreement is in addition to the agreement with Far East Ventures Inc. for the release of BentleyTel Phonecards in FEVI's 50,000+ nationwide agencies and stores as previously announced."
PR. call GTMI direct on 949-253-9588 or e-mail at GTMImail@cs.com.
Global TeleMedia International, Inc., (www.gtmi.com) 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, (www.smart-e-card.net) 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: Global TeleMedia International, Inc., 949-253-9588, GTMImail@cs.com/
/Web site: smart-e-card.net
/Web site: bentleytel.com
/Web site: gtmi.com |
