The Global Network Inc Story - (OTC - GNNU)
Information updated Monday August 19th 2000
GNI IN A NUTSHELL
- 11 million total shares outstanding
- 9.2 million shares restricted by management
- 1.8 million in the float (very tightly held)
- same B2B sector as ADForce & Flycast (bought by CMGI for 1.2 billion)
- focused on the niche online newspaper sector
- GNI sells their unsold online ad inventory ( the Priceline.com concept)
- GNI has patent pending proprietary software
- GNI has zero debt
- GNI has a very low burn rate, with enough cash to run for 2 years with no sales
- management reduced salaries in 2000 by 50%
- management executive, all have decades of media experience (highest level connections to ad agencies & newspaper sector)
- have reps in San Francisco, Los Angeles, Chicago, Detroit, Atlanta, Toronto, Dallas and New York
- expecting to have reps in London, Paris and the Far East this summer
- presently, there are 80+ RFP's in the field (Requests For Proposals)
- 20+ RFP's have been converted to contracts already since March 9th 2000
- As of May 3rd, a number of the initial 10 contracts are on their third renewal contract
- online ad banner market for 2000 est at $6 billion
- online ad banner market for 2003 est at over $30 billion
- potential for co op ad dollars is almost unlimited
- stock price is currently trading at $6.25 (August 18th 2000 .. on Feb 11th it was $3.00)
- April 13th .. new GNI web site launched
- April 25th .. Dennis Stillwell begins preparing a White Paper on GNI's LIVE Real Time Verification
- May 16th .. Paul Benjou, senior VP at Draft Worldwide, a division of InterPublic endorses GNI system
- May 25th .. GNI signs new PR firm to tell the story to the broader media
- May 25th .. GNI signs new Investment Banker to help target probable suitors
- July 6th .... GNI signs Kevin Courtney to assist Investment Bankers identify suitors
- July 17th ...Global Network Gets Praise From Advertising Executives at Draft Worldwide in New York
- July 18th ... Global Network Inc. to Issue First "White Paper" On Real-Time Verification of Web Site Ad Trafficking
- July 18th ... GNI gets BETA test approval from a major New York newspaper re verification
- July 20th ... GNI now in talks with two other newspapers & ad agencies for the same BETA test
- July 24th ... GNI endorsed by Biederman Kelly Krimstein & Partners
- July 27th ... GNI releases it's White Paper on LIVE Real Time Verification
- August 11th ... GNI endorsed by KnightRidder
- August 17th ... GNI retains Vision Corporate Consulting as IR firm
Global Network Inc CEO Interviews
media4audio.com
More detailed Global Network Inc Due Diligence
media4audio.com
Global Network Inc Website
globalnetworksonline.com
Global Network Inc Discussion Thread On Raging Bull
ragingbull.altavista.com
Vision Corporate Consulting Website
visioncc.net |
