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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (675)	8/5/1998 11:54:00 AM
From: Due Diligence	Read Replies (2) \| Respond to of 1096

(COMTEX) B: LOCKHEED MARTIN AWARDS GLOBAL INTELLICOM EXTENSION FOR US B: LOCKHEED MARTIN AWARDS GLOBAL INTELLICOM EXTENSION FOR US POSTAL CONTRACT NEW YORK, Aug. 5 /PRNewswire/ -- Global Intellicom, Inc. (Nasdaq: GBIT) announced today that its computer systems contract with Lockheed Martin Federal Systems, Inc. (NYSE: LMT) has been increased by $3.9 million to $10.2 million. Under terms of the original one-year contract, GBIT had initial orders for 5,600 systems, which were to generate anticipated revenues of approximately $6.3 million. Global Intellicom entered into the contract with Lockheed to provide Pentium computer systems to support the implementation of new delivery confirmation systems for the US Postal Service. As part of Lockheed's $218 million government contract, the new system is being deployed in over 38,000 postal facilities nationwide by year-end. It provides for 300,000 hand held scanner (called Mobile Data Collection Devices), communications cradles, and office computer systems. This program is a major initiative by the USPS to improve package delivery capability and enhance customer service. GBIT congratulates Lockheed Martin Federal Systems on their successful implementation of the Mobile Data Collection Devices program for the US Postal Service. GBIT welcomes the opportunity to continue to provide high quality Pentium computer systems in support of this contract. GBIT is proud of the role it has played ensuring the success of the MDCD program. "We are excited about the authorization to increase the number of units to be delivered by 3,400. We are proud of the association we have had with Lockheed Martin, and we look forward to a long lasting and fruitful relationship in the years to come," commented David Mortman, President of Global Intellicom, Inc. 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 and Exton Pa., Indianapolis, IN, and the Washington DC metro area. Global also functions as a value added manufacturer and reseller of network services and PCs. Global holds reseller licenses with such companies as Microsoft, IBM, SUN, NEC, NCR Worldwide, Microsystems, Compaq and Hewlett-Packard. Its clients include Lockheed Martin, The Department of Defense, EDS and the General Services Administration. Through the aggregate use of Global's resources, its mission is to be the information technology resource for its customers and to offer 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. SOURCE Global Intellicom, Inc. -0- 08/05/98 /CONTACT: Johan de Muinck Keizer of Global Intellicom, Inc., 212-750-3772, or fax, 212-750-2320; or investor relations, Tom Raack of Liberty Capital Group, Inc., 800-371-9117, or fax, 360-676-9493/ (GBIT LMT) CO: Global Intellicom, Inc.; Lockheed Martin Federal Systems, Inc. ST: New York IN: CPR SU: CON * end of story *