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Microcap & Penny Stocks : GTCI - get in before the news hits -- Ignore unavailable to you. Want to Upgrade?

To: Jim Spitz who wrote (134)	12/1/1998 1:14:00 PM
From: blessed	Respond to of 1541

Here's the NEWS!! Global Telephone Communication Inc. Announce Exclusive Licensing/Marketing Agreement for Year 2000 Bugfix Solution PR Newswire - December 01, 1998 12:53 GTCI %TLS %CON V%PRN P%PRN SAN DIEGO, Dec. 1 /PRNewswire/ -- Global Telephone Communication Inc. (OTC Bulletin Board: GTCI) today announced it has entered into an exclusive licensing/marketing agreement to provide its Year 2000 (Y2K) Bugfix solution to Asia through its subsidiary company, Shenzen Global Net. The company has engaged Viacor Industries to develop its Y2K Bugfix solution specifically tailored to the PC market. "Our Y2K solution is one of the most user friendly on the market today and has a multitude of software versions and features including a clean and simple interface real mode device driver and an uninstall feature," said Global President Terry Wong. GTCI enjoys relationships with and is negotiating relationships with several Chinese government agencies to supply its Y2K solution. Besides China, the company's exclusive marketing rights also cover Japan, Korea, Thailand, Vietnam, Cambodia, Myanmar (Burma), Laos, Malaysia, The Philippines and Indonesia. The Chinese State Council, or cabinet, has mandated that all government agencies and government-owned enterprises have all systems revised and all millennium bug tests completed by September, 1999. The State Council has ordered 18 government departments and ministries to send monthly reports on their progress toward upgrading systems. China's metal industry illustrates the extent of potential Y2K problems. The China Metallurgical Industry Bureau reports that 20,000 of the 28,000 computers used in the industry, or 71 percent, are threatened by Y2K problems. The PC market in China alone totals 10 million computers, all of which must address the millennium bug. "We should address the problem exactly like this summer's floods," said Austin Hu, deputy chief of China's mission to the World Bank. "We should put in the effort now and not wait for disaster to happen." Global Telephone Communication Inc., is working with China Telecom to bring wide access of the Internet to the Peoples Republic of China. Through its wholly owned subsidiary Regent Luck Holdings, Global Telephone operates under an exclusive agency/licensing agreement with China Telecom's wholly owned subsidiary, Newsnet, to provide basic and advanced Internet services. Also within the agreement is Global Telephone's ability to provide Internet Telephony systems and products. According to statistics recently released by the China National Network Information Center, registered Internet users reached 1.175 million by the end of June, 1998, doubling the number of users over the previous six month period. SOURCE Global Telephone Communications, Inc. /CONTACT: Terry Wong of Global Telephone Communication Inc., 800-668-9880; or Jim Berger of The Investor Relations Company, 800-536-8472, for Global Telephone Communications Inc./ /Web site: globaltci.com (GTCI)