Jeffrey, bullish NEWS about GTCI, now on Stock Watcher's Index...
1) GTCI already has a controlling interest in Pacific Assets International Ltd:
biz.yahoo.com
2) Global Telephone Communication Inc. to Launch BankTouch(TM) Through ADFIAP Links to Asian Market
SAN DIEGO, Calif., March 24 /PRNewswire/ -- Global Telephone Communication Inc. (OTC Bulletin Board: GTCI - news) today announced the marketing of BankTouch(TM), the major banking business portal for Asian Bankers. The marketing of BankTouch(TM) will occur through a tie of Pacific Assets International Ltd. (PAI), the Association of Development and Financing Institutions in Asia and the Pacific (ADFIAP). In conjunction, BankTouch(TM) will be showcased at the 1999 Asia Pacific Bankers Conference in Manila.
BankTouch(TM) is an Internet based search engine (www.banktouch.com) which contains information on topics from financial information and bank directories, to credit administration and information technology. BankTouch(TM) facilitates business and promotes business through timely, relevant, and delivery of a substantial body of information about the business of banking. The goal of BankTouch(TM) is to become a self-sustaining, revenue generating, high-traffic Web Site, which provides the most comprehensive resource center for banks and bank clients. BankTouch(TM) will also offer free e-mail to all members and users in a fashion similar to the way in which hotmail presented it's business model. As such, advertisers should be attracted to the site in large numbers.
GTCI will act as an ''infomediary'' -- an intermediate matchmaker between the world of business information and the suppliers and worldwide corporate business. Through GTCI's association with PAI, the possibility for expansion is phenomenal. Principals of PAI have extensive contacts and strong ties with the Asia Pacific banking community. One such tie, the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) encompasses 78 development banks in 33 countries, with members and clients exceeding eight million. Additional contacts include the Asian Bankers Association (ABA), and other banking associations in the region. The same principals of PAI annually organize the Asian Banking Awards, the Asian Banking Digest, and the Asia Pacific Bankers Congress. Recently, GTCI announced that it will be a sponsor of the Asia Pacific Bankers Congress in Manila, to be held in April of 1999. In doing so, GTCI joins other multinational corporations such as IBM, DHL, and RICOH in Asia's largest learning conference for bankers, where the newest technologies, products, and services impacting the banking industry are showcased.
The strategic relationship between GTCI and PAI will focus on information technology and e-commerce for Asian Bankers and their clients. This will allow GTCI to have a significant foothold in this rapidly expanding market. From nearly zero last year, on-line e-commerce will top $15 Billion by 2002. Taking into account the sizable amount of transactions among manufacturers and suppliers, this number could increase tenfold. PAI is in the process of setting up Internet and information technology business relationships for bankers worldwide, including the banking/financial search engine BankTouch(TM) an information mall, and a comprehensive business library.
About Global Telephone Communications Inc.
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. More information can be obtained about Global by visiting its Web Site at globaltci.com.
This statement includes forward-looking information as that term is defined in the Private Securities Litigation Reform Act of 1995, and, therefore, is subject to certain risks and uncertainties. There can be no assurance that the 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.
SOURCE: Global Telephone Communications, Inc.
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