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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Zakattack who wrote (29964)	7/31/1998 9:45:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 34592

Could be today's runner GBIT. Great release and volume is already picking up fast. Friday July 31, 8:33 am Eastern Time Company Press Release Global Intellicom, Inc. Reports Increased Sales and Profits for the Second Quarter 1998 NEW YORK--(BUSINESS WIRE)--July 31, 1998-- Global Intellicom, Inc. (NASDAQ: GBIT - news) announced today earnings of $0.09 per share for the second quarter and $0.15 per share for the six months ended June 30, 1998. For the quarter ended June 30, 1998, the company reported sales of $11,992,523. Net income for the quarter was $718,950 or $0.09 per common share. For the six months ended June 30, 1998, sales totaled $21,320,548 with a net income of $1,255,117 or $0.15 per common share. There were 7,988,345 average number of outstanding shares as of June 30, 1998. Global Intellicom's management stated that they were pleased with the results of the second quarter. Norman Muller, Chairman and CEO commented, ''The decisions we have made and the steps we have taken during the first half of this year have been part of an overall strategy for profitable growth. Concentration on this strategy has already led the company to increased profitability, and I believe it will fuel our continued growth for a better second half of 1998.'' Global Intellicom, Inc. is a system integration company with state of the art network cabling and computer integration capabilities located in New York City, Pittsburgh, Exton-PA, Indianapolis-IN, Washington-D.C., and Orlando-FL. Global also functions as a value added reseller of network services and PC's. Global holds reseller licenses with such companies as: Microsoft, IBM, SUN Microsystems, NEC, NCR Worldwide, Compaq, and Hewlett Packard. Its clients include: Lockheed Martin, The Department of Defence, Loral Systems, EDS, and the General Services Administration. Through the aggregate use of Global Intellicom's resources, its mission is to be the information technology resource of choice for its customers, and to offer them a ''total system solution'' at competitive rates. Except for the historical information contained herein, the matters set forth in this press release are forward looking statements within the meaning of the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements are subject to risks and uncertainties that may cause actual results to differ materiality. These risks are detailed in the company's period reports filed with the Securities & Exchange Commission. These forward looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward looking statements. -------------------------------------------------------------------------------- Contact: Jonathan Destler Tom Raack Destler Services, Inc. Liberty Capital Group, Inc. Tel: 212-734-2000 Tel: 360-676-8072 Fax: 212-744-8432 Fax: 360-676-9493 --------------------------------------------------------------------------------