Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Panita who wrote (6066)	5/25/1999 12:58:00 PM
From: Koda Ridge	Respond to of 108040

GTMI News--Pulse technology is huge. (BSNS WIRE) GTMI Announces $6 Million Private Placement and a 5 Year Hig GTMI Announces $6 Million Private Placement and a 5 Year High-Speed Technology Contract Business Editors ATLANTA--(BUSINESS WIRE)--May 25, 1999--Global Telemedia International Inc. (OTC BB: GTMI- News) has executed a $6 million private placement and a 5-year contract with a Los Angeles based multi-media data research corporation, it was announced today by Jonathon Bentley-Stevens, President of GTMI. The financing will enable GTMI to finalize pending agreements to utilize both UTH high-speed Broad-Spectrum Pulse technology and Photon technology. These technologies facilitate the transmission of data, video and voice within solid wire and optic fiber at accelerated speeds of up to 800 times the normal rate. The financing will allow GTMI to proceed with plans to form joint ventures within the newly created BIMP-EAGA "Nafta" style treaty countries (Brunei, Indonesia, Malaysia and Philippines). Through these joint ventures, GTMI will bring Ultra-Fast international telecommunications to a population of nearly 400 million potential new clients. Photon and Broad Spectrum high-speed pulse technology can be transmitted via wireless systems and can utilize both old and new telecommunication infrastructures. This makes the technology ideally suited to emerging markets which are characterized by large geographic areas currently underserved by telecommunications technology. The GTMI joint ventures will bring in credit card verification and bank-to-bank wire transfers into countries where most banks, hotels and financial institutions are just coming online. GTMI also will supply phone cards, which are a major consumer item in the East Asian Gateway where remote locations inhibit traditional billing. Monthly sales of phone cards within this developing area have already reached the multi-million dollar level. The Los Angeles Based Data Research Company is engaged in professional confidential research for the Medical, Legal and Financial Institutions. The company's management believes that this high-speed data transfer will give the company an unbeatable edge over competitors, in both speed and security of data transfer. 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 company is also drafting a telecommunications agreement with An Australian Company to Joint Venture and expand their operations in the BIMP-EAGA countries (Brunei, Indonesia, Malaysia & Philippines) that have combined populations of over 400 million people. 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. --30--rg/ny* CONTACT: For GTMI: Mark Wachs Mark Wachs & Assoc. (212) 832-2800 KEYWORD: GEORGIA INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *