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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Don Edgerton who wrote (97690)	4/20/2001 1:07:26 AM
From: engineer	Respond to of 152472

deleted.

To: Don Edgerton who wrote (97690)	4/20/2001 1:38:51 AM
From: engineer	Read Replies (2) \| Respond to of 152472

From Edgar on this "giant" company.....suspenseful reading......see who can figure out who owns who and what stock exchange they are on now... FORMATION OF ADVANCED GLOBAL COMMUNICATIONS, INC. On July 20, 1999, Advanced Global Communications, Inc. ("AGC") was incorporated in the State of Florida. AGC is a wholly-owned subsidiary of the Company. AGC was formed for acting as the operational arm of the Company for all United States based communications operations as well as the holding company for all currently owned switching operations and proposed acquisitions. In November 1999, AGC entered into an agreement with the Company, World IP Incorporated, Sur Comunicaciones, S.A., Acinel, S.A. and the former shareholders of World IP. Under the agreement, AGC agreed to purchase 51% of World IP's common stock for $95,000 cash to be paid by January 12, 2000. In addition to the cash paid for the stock, AGC will pay up to $60,000 to World IP which funds will be used to open a point of presence in Venezuela. In addition, the Company issued 500,000 shares of restricted common stock to the former shareholders of World IP. Those shares may be adjusted up to 1,000,000 restricted shares upon measuring the performance of World IP and its subsidiaries, Sur Comunicaciones and Acinel. BUSINESS HISTORY ADVC was incorporated as a Nevada corporation on April 30, 1998. On April 7, 1999, the Company merged with Media Forum International Inc ("MFII"), a Florida corporation, pursuant to which MFII was the surviving entity but subsequently changed its name to Advanced Communication Technologies, Inc. This transaction is known as a reverse acquisition. The company was established for the development and production of the SpectruCell System. Upon completion of the merger with MFII, the Company changed its trading symbol and began trading on the Over-the-counter Bulletin Board maintained by Nasdaq under the symbol "ADVC." On January 4, 1999, the NASD advised that all OTCBB companies would be required to become "reporting companies" in accordance with the rules and regulations of the Securities and Exchange Commission or be subject to deletion from the OTCBB. The NASD provided a phase in schedule based on each company's trading symbol on January 4, 1999. Since the Company's symbol on January 4, 1999 was MFMI, the Company's stock was subject to delisting effective February 10, 2000 if it had not become reporting. In January 2000, ADVC acquired Smart Investment.com, Inc. ("SICI") through a stock exchange with SICI's sole shareholder. Immediately upon completion of that acquisition, ADVC elected successor issuer status in accordance with Rule 12g-3 promulgated under the Securities Act of 1934, as amended, and consequently became a "reporting company" in compliance with the NASD's requirements. EMPLOYEES As of December 31, 1999, we had four full-time employees and no part time employees, not including the employees of any of our acquired organizations. Of these employees, three work in our administrative offices and one works for AGC. None of our employees is covered by any collective bargaining agreement. We believe that our relations with our employees are good.