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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (5772)	4/7/1999 2:34:00 PM
From: Dave Gore	Respond to of 52051

SW.....SUGGEST CHECKING THIS NEWS OUT A.S.A.P. (POST 1 of 2): GTMI NEWS... a 27 cent stock with 37 mil shares out and a small market cap of $10Mil+ projecting profits per MONTH of $16 million.... that's $16 million per MONTH. I am doing more DD, but it appears the company has totally re-invented itself and people don't "get it" yet (see post 2 of 2) (COMTEX) B: GTMI Subsidiary, Bentley House Furniture Company Announce B: GTMI Subsidiary, Bentley House Furniture Company Announces Certification for Issuance Of US$14 Million of Government Bonds to Secure Contract ATLANTA (April 5) BUSINESS WIRE -April 5, 1999--Global Telemedia International Inc. (OTC BB: GTMI-News; "GTMI") today announced that the company's wholly owned subsidiary, Bentley House Furniture Company ("BHFC"), has received certification for the issuance of the initial $14 million dollars in Government Bonds to secure payments upon completion of construction of Government housing. BHFC has entered into a joint venture for construction of government employee homes. These include the National Police, Armed Forces of the Philippines and the Department of Interior and Local Government. The houses will be constructed on BHFC's properties, which are subdivided. Construction permits have been issued on over 20,000 housing lots. BHFC has entered into a joint venture contract with San Antonio Housing Systems & Technology Inc. ("SAHSTI"). SAHSTI builds rapid construction modular housing, has factories in the Philippines, and are fully licensed and accredited with the Philippine Government. To augment the production of SAHSTI, BHFC has executed an additional contract with the Canadian-Philippine Rapid Construction company, Integrated Philcan Inc. that builds computer designed and cut to size "Light Gauge Steel technology", Mediterranean style houses. The houses are modular in design and of steel construction. The houses are designed, cut, drilled and numbered by CAD-CAM computer. They are assembled at site on pre-formed concrete bases. They are generally erected in attached rows of 15 at one time, and can be completed at the rate of 120 houses per day, or approximately 3600 per month. The BHFC / SAHSTI Joint Venture has all the Government permits necessary to commence construction immediately. The Government of the Philippines Through GSIS the Government Service Insurance System ("GSIS"), a Federal Body, has certified the issuance of the initial $14 million dollars in Government Bonds to guarantee payment to BHFC and SAHSTI upon completion. This first project with SAHSTI, will commence construction of "Rapid-Built" housing on a BHFC subdivision Property near the former American, Clark air force base which the site of an emerging "Tax Free Export Manufacturing zone." All houses are fully committed to Government or former government employees. Under the Housing Guarantee System, BHFC is paid every 30 days after turn over. Therefore, the bonds and credit facility are only required to provide cash flow during that 30-day period. The commitment from the Philippine Government to BHFC exceeds one million houses over the next 25 years, ensuring continuous use of capacity for production of doors, door frames, window frames and furniture from the BHFC Furniture factory. Global Telemedia International Inc. (GTMI) is a full-service communications company focusing on international communications networking in emerging countries. The company holds the necessary certificates of conveyance with applicable public service communications in the continental United States as well as an international carrier license. The statements contained in this release may contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results of other expenditures expressed in the Company's forward-looking statements. -0- de/ny* CONTACT: For GTMI: Mark Wachs & Assoc., New York Mark Wachs 212/832-2800 KEYWORD: GEORGIA INDUSTRY KEYWORD: TELECOMMUNICATIONS RETAIL Today's News On The Net - Business Wire's full file on the Internet