Glenn I know this is OTC but the news came out under
Dell.
What do you make of this?
SAN FRANCISCO (March 31) BUSINESS WIRE -March 31, 1999--GS Telecom, Ltd.
(OTC BB:GARD)the emerging technology incubator that announced this
month its Convergent Technology Model, is projecting annual revenues in
excess of $1-billion in year 2004.
In the Company's Prospectus, to be published this Friday, the
company's six key technologies are expected to increase from a
$15-million in year 2000, to $1.5-billion within four years.
"I was not surprised to see these numbers," said analyst Theodore
Brandon, of Barrington Financial Securities. "These figures are
extremely conservative in light of the revolutionary and just-in-time
technology solutions coming out of this company. We think the projected
one-million-count distribution of the first international currency and
internet transaction facilitator, the ATTM Universal Card, over the
next 36 months is a gross underestimate of the worldwide impact the
card will have."
GS Telecom, Ltd. announced last week its ATTM Universal Card, the
first-ever anonymous currency card that also makes possible
instantaneous, anonymous transactions over the Internet. The ATTM card
is a pre-loaded hybrid "Smart-Card," that will enable transactions in
53 currencies, throughout the world, including the Pacific Rim and the
Former Soviet Union.
GS Telecom, Ltd., is "standing on the shoulders of such giants" in
global-telecommunications as IBM (NYSE:IBM), Microsoft (Nasdaq:MSFT),
Intel (Nasdaq:INTC), Dell (Nasdaq:DELL), America Online (NYSE:AOL),
AT&T (NYSE:T), MCI/Worldcom (Nasdaq:WCOM), Compaq (NYSE:CPQ),
Hewlett-Packard (NYSE:HWP), Sun Microsystems (Nasdaq:SUNW), Lucent
(NYSE:LU), Cisco Systems (Nasdaq:CSCO), Advanced Micro Devices
(NYSE:AMD), Applied Material (Nasdaq:AMAT), Yahoo (Nasdaq:YHOO), Lycos
(Nasdaq:LCOS), Excite (Nasdaq:XCIT) and many others to change the
landscape of computing, communications, entertainment ,and e-commerce.
GS Telecom, Ltd. is a U.S. high-tech development and marketing company
with offices in San Francisco and London. For more information on the
company's strategic global vision and the Convergent Technology Model,
visit GS Telecom, Ltd. on the web, at www.gs-tele.com. An independent
analysis of GS Telecom, Ltd.'s business model and market viability is
available from The Barrington Report, at www.barringtonreport.com.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the
company may make orally in connection with this release that are not
historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those projected in the forward-looking
statements, since these forward-looking statements involve risks and
uncertainties that could significantly and adversely impact the
company's business. Therefore, actual outcomes and results may differ
materially from those made in forward-looking statements.
Please note: GS Telecom, Ltd. is not affiliated in any way with
GST Telecommunications, Inc. of San Francisco and Vancouver, B.C.
-0- brm/se@
CONTACT: GS Telecom, Ltd.
Investor Information, 800/665-4415
or
Public and Media Relations, 602/265-9436 or
602/952-2615
Web Site: gs-tele.com
KEYWORD: CALIFORNIA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: TELECOMMUNICATIONS COMPUTERS/ELECTRONICS BANKING
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