GTEL.OB , AGRD.OB EENT.OB
- 主题发起人 do_thai
- 开始时间
I can tell you guys what I am holding now.
ADSX @ 0.27 (I bought it today)
GTEL.OB @ 0.13
MYRG.OB @ 0.20 (News today)
ARGD @0.013 (I plan to hold it at least 2 years for life opportunity
it will have great future I think if it pass testing)
Most of them are underwater .
ADSX @ 0.27 (I bought it today)
GTEL.OB @ 0.13
MYRG.OB @ 0.20 (News today)
ARGD @0.013 (I plan to hold it at least 2 years for life opportunity
it will have great future I think if it pass testing)
Most of them are underwater .
GlobeTel Announces $15 Million Funding Package
Business Editors/High-Tech Writers
MIAMI--(BUSINESS WIRE)--March 31, 2004--GlobeTel Communications
Corp. (OTCBB:GTEL), today announced the signing of a Binding Letter of
Intent with CFM Ltd., a Malaysian company. The company is made up of
investors from the Asian and Eastern European regions. The agreement
calls for a $15 million funding package to provide $5 million in
working capital and $10 million in funding towards capital and
equipment requirements to continue the worldwide deployment of the
Money Magic program.
The definitive agreement will be completed in the next 30 days.
The investors will receive preferred shares that will be held by the
investor for a period not to exceed three years before the conversion
to common stock. With the binding agreement, GlobeTel has started the
construction of the US based data processing facility that will be
located in Miami Florida. The Money Magic program is now supported out
of the data switch located in Venezuela. The goal of GlobeTel is to
have processing switches in South America, to process transactions in
Latin America, in the US to handle North America and the Caribbean,
and in the United Kingdom to process transactions in Europe and
Hong Kong to process Asian transactions. These four core switches
will give GlobeTel the regional presence and processing power to
handle the global business that the Money Magic program supports.
Timothy Huff, CEO of GlobeTel stated: "The recent business
interests in Mexico, the Philippines, China and Australia coupled with
the financial abilities that this investment provides, makes
GlobeTel's programs extremely powerful. Money remittance is a
multi-billion dollar industry and adding this feature to the pre-paid
calling card features that GlobeTel already deploys, makes this a very
attractive product for many markets around the world. This investment
brings major investment efforts to a close for the Money Magic
program, Magic Phone and Text Card programs. With this funding now
secured, the company has the right tools to accelerate to the speed to
reach our goal of a $60 million dollar run rate by the end of 2004.
Once we reach that revenue goal, the efforts will be to move GTEL to a
larger trading market like the NASDAQ or the New York Stock exchange."
For more information about GlobeTel, visit the Company's website
at http://www.globetel.net
Business Editors/High-Tech Writers
MIAMI--(BUSINESS WIRE)--March 31, 2004--GlobeTel Communications
Corp. (OTCBB:GTEL), today announced the signing of a Binding Letter of
Intent with CFM Ltd., a Malaysian company. The company is made up of
investors from the Asian and Eastern European regions. The agreement
calls for a $15 million funding package to provide $5 million in
working capital and $10 million in funding towards capital and
equipment requirements to continue the worldwide deployment of the
Money Magic program.
The definitive agreement will be completed in the next 30 days.
The investors will receive preferred shares that will be held by the
investor for a period not to exceed three years before the conversion
to common stock. With the binding agreement, GlobeTel has started the
construction of the US based data processing facility that will be
located in Miami Florida. The Money Magic program is now supported out
of the data switch located in Venezuela. The goal of GlobeTel is to
have processing switches in South America, to process transactions in
Latin America, in the US to handle North America and the Caribbean,
and in the United Kingdom to process transactions in Europe and
Hong Kong to process Asian transactions. These four core switches
will give GlobeTel the regional presence and processing power to
handle the global business that the Money Magic program supports.
Timothy Huff, CEO of GlobeTel stated: "The recent business
interests in Mexico, the Philippines, China and Australia coupled with
the financial abilities that this investment provides, makes
GlobeTel's programs extremely powerful. Money remittance is a
multi-billion dollar industry and adding this feature to the pre-paid
calling card features that GlobeTel already deploys, makes this a very
attractive product for many markets around the world. This investment
brings major investment efforts to a close for the Money Magic
program, Magic Phone and Text Card programs. With this funding now
secured, the company has the right tools to accelerate to the speed to
reach our goal of a $60 million dollar run rate by the end of 2004.
Once we reach that revenue goal, the efforts will be to move GTEL to a
larger trading market like the NASDAQ or the New York Stock exchange."
For more information about GlobeTel, visit the Company's website
at http://www.globetel.net
