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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: TEDennis who wrote (464)	1/8/1999 5:02:00 PM
From: blessed	Respond to of 684

Hi Pardners, Friday January 8, 3:38 pm Eastern Time Company Press Release SOURCE: Veronex Technologies, Inc. Veronex Announces New Teaming Agreement With Global Telephone Communication Inc. IRVINE, Calif., Jan. 8 /PRNewswire/ -- The Board of Directors of Veronex Technologies, Inc. (''Veronex'') (OTC Bulletin Board: VXTK - news) today announced that Veronex has entered into a Teaming Agreement with Global Telephone Communication Inc. (''Global'') (OTC Bulletin Board: GTCI - news), an established supplier of Internet services and high technology services to the People's Republic of China. Veronex and Global will jointly pursue select applications development and applications management outsourcing business in the People's Republic of China. Veronex will benefit from Global's established relationship in the People's Republic of China. Global will take advantage of Veronex's innovative I\|Nova System for solving the Year 2000 computer problem and improving the time-to-market, quality and cost of applications development and management. Veronex has created the I\|Nova System, a new technology for applications life-cycle, in essence, through a library of functional modules and a run-time system that enable software developers and maintenance staff to save time and improve quality through effective reuse of commonly-utilized functions. This unique technology is platform independent, self-documenting, and highly efficient. The technology also improves existing applications and can solve the Y2K problem with its automated DataCentric Analyzer. Thomas J. Price, Veronex President, commented, ''This teaming arrangement with Global enables Veronex to present its I\|Nova System enterprise solution software to the People's Republic of China. Global's endeavors to further developing information technology in China via the Internet enables the I\|Nova System to be showcased to a vast new network of governmental and commercial accounts.'' ''Global is continually looking for information technology tools that allow our clients and partners to provide the most rapid and highest quality solutions. We've been impressed with what we've seen from the I\|Nova System,'' said Terry Wong, Global President. ''Global has established itself as an exclusive supplier of Y2K solutions for the PC market in China, and the I\|Nova System will broaden its Y2K solutions services to the mainframe computer market.'' About Veronex Technologies, Inc. Veronex Technologies, Inc., (OTC Bulletin Board: VXTK - news) designs, develops, licenses and supports computer software products for complete ''business systems'' application development and implementation for enterprise solutions on mainframe computers. The Company's I\|Nova System is a fully integrated business application development tool for enterprise resource planning and has been ITAA *2000 Certified. To learn more about Veronex, visit its web site at: veronex.com. About Global, Inc. Global Telephone Communication Inc. (OTC Bulletin Board: GTCI - news), is working with China Telecom to bring wide access of the Internet to the People's Republic of China. Through its wholly owned subsidiary Regent Luck Holdings, Global 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'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. To learn more about Global, visit its web site at: globaltci.com. This statement includes forward-looking information as that term is defined in the Private Security Litigation Reform Act of 1995, and therefore, is subject to certain risks and uncertainties. There can be no assurance that actual results, business conditions, business developments, losses and contingencies and local and foreign factors will not differ materially from those suggested in the forward looking statements as a result of various factors, including market conditions, competition, advances in technology, and other factors. For more information please contact: Veronex Technologies, Inc. at its WEB Site at veronex.com or call David A. Wooldridge at (949) 253-9600 or FAX (949) 253-9677 SOURCE: Veronex Technologies, Inc.