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To: Robert B. who wrote (4556)1/27/1999 12:47:00 PM
From: Rock_nj  Read Replies (1) | Respond to of 15987
 
Here's the scoop on GSIC:

I just spoke to Kyle. He gave me the nutshell explanation of the fall and rebuilding of GSIC. Apparently they were too aggressive in their expansion efforts last year and the company couldn't implement their business plan. Now, they are trying to rebuild. They are an operating entity in Vancouver, BC with 70 reps. The offer everything from travel
services to dry cleaning. With the recent financing (700K) they have the money to begin their expansion into the U.S. markets. They are planning on developing their business in Seattle, WA over the next 6 months. The plan is to use Seattle as a showcase to demonstrate the potential of their business model. They will expand into other U.S. markets slowly. Audited financials are in the works. They will be a fully reporting company within the next few months.

That's all for now.......