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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 (607)	1/4/2001 10:07:01 AM
From: SCOOBEY-DO	Respond to of 613

Global TeleMedia International Inc. Global TeleMedia Receives First Installment Of Its $14 Million 3-Year Equity Credit Line The Funding Received Will Enable the Company to Commence Production Of the $1.3 Million Order for BentleyTel International Phonecards as Well as Smart-E-Cash Machines NEWPORT BEACH, Calif., Jan. 4 /PRNewswire/ -- Global TeleMedia International (OTC Bulletin Board: GLTI) announced that it had received its first installment on its $14 million 3-year equity credit facility. Funds have been allocated for the first order of Smart-e-cash machines and the production of BentleyTel international Phonecards and Smart-e-Cards. GLTI President, Jonathon Bentley-Stevens said, "We are pleased to announce the receipt of the first installment of funds. This funding will enable the Company to produce and deploy its proprietary cards and Smart-e-Cash dispensing machines into the American market place. The funding is in the form of an equity participation by an international group investing in telecom and technology sectors. Under the terms, the group will invest $14 million over the next three years and will attain approximately 4.9% equity in GLTI." He continued, "One of our major distributors is Nico Telecom which has domestic Phonecard sales of $75 million annually with peak monthly sales of more than 100 million minutes in June 2000. Nico Telecom has initially ordered $1.3 million of the BentleyTel 30, 60 and 120 minute international phonecards for their 50,000+ retail locations. The cards are set for immediate production and distribution during the potentially high calling holiday season, which includes the Chinese New Year. We anticipate many of these cards will find their way to the overseas families of the 40 Million or so ethnic Americans with strong family connections in South America and abroad. The cards will represent significant savings for international callers calling into the United States. The card can be re-valued by the original sender, and with the convenience of remote revaluation, the cards can remain active indefinitely and create recurring revenue for the Company." The BentleyTel International PhoneCard is the Company's initial product launch, to be closely followed by the BentleyTel Smart-e-Card and Global Connexion Card. These cards having a financial multi-function platform will be indispensable for international travelers and corporate executives. The Smart-e-Card and Global Connexion Card can be used as a financial platform for employees traveling to pay for expenses, call from hotels avoiding expensive hotel rates, the card can be re-valued over the phone or via PC for any unplanned expenses or extended business trips or vacations. Nico Telecom (OTC Bulletin Board: FEVI) is also working with the Company to qualify its highest revenue locations for installation of Smart-e-Cash machines. With the deployment plan for over 2,000 of the BentleyTel Smart-e-Cash machines across the United States, card holders will soon have the ability to re-value their BentleyTel PhoneCards and Smart-e-cards using cash, payroll checks and personal checks, obtain money orders and pay bills on-line. This is an aggressive move into the out-of-bank banking and financial transactions initially targeted at the 40+ million non-banked or credit challenged American residents. The more advanced BentleyTel Global Connexion Card, designed for corporate and travel use, should be available second quarter 2001 and will carry such additional features as Global Unified Messaging and can carry personal and medical information. PR Contact: Action Stocks 1-800-801-5181 or e-mail GLTI@actionstocks.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: Action Stocks, 800-801-5181, GLTI@actionstocks.com, for Global TeleMedia International, Inc./ /Web site: smart-e-card.net /Web site: bentleytel.com /Web site: gtmi.com

To: SCOOBEY-DO who wrote (607)	1/19/2001 9:37:39 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 613

Global TeleMedia and AcSys Biometrics Execute Technology Sharing Agreement Global, Through Its Majority Owned Subsidiary BentleyTel Will Collaborate With AcSys to Develop the World's First HNeT Biometric Protected Smart-e-Card NEWPORT BEACH, Calif., Jan. 19 /PRNewswire/ -- Global TeleMedia International (OTC Bulletin Board: GLTI) announced that it had executed a reciprocal technology contribution agreement with AcSys Biometrics, the effects of which couple their HNeT-Holographic/Quantum Neural Technology with the advanced financial services platform of the BentleyTel Smart-e-Card to create the BentleyTel AcSys card. HCI/AcSys Biometrics is a leading-edge provider of neural technology with applications for the financial, manufacturing, security and medical sectors. The HNeT technology is unparalleled in face recognition performance and can track up to 4 individuals and classify at 30 frames per second, with recognition time in under one second. BentleyTel AcSys cards will be sold via the Internet and Telemarketing or can be provided to large employers and Government agencies. Once purchased initial enrolment can occur through the Internet, the employer or BentleyTel Smart-e-Cash machine, which has a built-in camera. HNeT recognition starts when a cardholder approaches the Smart-e-Cash machine at a distance 6-10 ft, by the time the member has reached the machine he is recognized and a swipe of the card grants or denies access in the event that the cardholder is not the true owner of the card. No file is stored on the card and the Hologram HNeT file takes only 12k of memory on a server. Initial Enrolment recognition takes only 60 seconds and less than 1 second thereafter. The system is successful even against twins. The HNeT system, which, updates an individual file for changes in appearance or age every time the card is used, is patented or has patents pending in over 20 countries. President Jonathon Bentley-Stevens said, "We have been searching for the perfect security system for our Smart-e-Card and when we saw the HNeT technology offered by AcSys we understood that this technology could make the BentleyTel Smart-e-Card the only one of its kind. HCI/AcSys Biometrics is part of a consortium awarded a 10-year contract to offer common multi- application smart card systems to all US federal agencies. The BentleyTel Smart-e-Card was identified by HCI/AcSys Biometrics as a suitable platform to host the biometric recognition platform and additionally give the cardholders financial services that were never contemplated in the original concept of the platform. The combining of the two technologies should create the first card of its kind in the world. The engineers of AcSys and BentleyTel agree that the BentleyTelAcSys card could be available first quarter this year." Jerry Janic, President of HCI/AcSys said, "AcSys Biometrics owns the exclusive world-wide Holographic/Quantum Neural Technology (HNeT) license for face and speech recognition applications. We feel that the BentleyTel AcSys card could play a vital role in security in industries such as banking, Internet transactions, manufacturing, governments, airports and the medical industry. We are very excited about the possibilities of developing this breakthrough smart card product with BentleyTel." About AcSys: AcSys Biometrics USA is a wholly owned subsidiary of AcSys Biometrics Inc. AcSys Biometrics is the leading-edge provider of facial recognition through its exclusive worldwide license for quantum Holographic Neural Technology (HNeT) with applications for the financial manufacturing, security and medical sectors. AcSys is a subsidiary of HCI, a diversified, Canadian-controlled company operating in this new economy through autonomous subsidiaries and partnerships. HCI trades on the Toronto Stock Exchange. PR Contact: Action Stocks 1-800-801-5181 or e-mail GLTI@actionstocks.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. SOURCE Global TeleMedia International, Inc. /CONTACT: Action Stocks, 800-801-5181, GLTI@actionstocks.com, for Global TeleMedia International/ /Web site: smart-e-card.net /Web site: bentleytel.com /Web site: gtmi.com