ADGI's Affiliate Expands its Network Into Eastern Europe.HICKORY Hickory, city, United States Hickory, city (1990 pop. 28,301), Burke and Catawba counties, W N.C., at the foot of the Blue Ridge Mts.; inc. 1870. It is a processing and trade center for an abundant agricultural region (grain, soybeans, poultry, hogs, , N.C.--(BUSINESS WIRE)--Sept. 22, 1999-- American Diversified Group, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). , BB:ADGI) announced today that its telecommunications affiliate, Global Transmedia Communications Corp. has furthered its relationship with World Telecom Labs (WTL WTL Windows Template Library WTL Where's the Love (song title) WTL Wireless Transport Layer WTL Way Truth Life WTL Watch The Language WTL Water Tender Ladder (fire appliances/trucks) ) Belgium and now will expand its new European calling network into Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. . ADGI's affiliate is working with WTL, utilizing its carrier-grade INX INX Information Exchange INX Increment Index Register INX Ion Exchange INX Internet Exchange INX Increment Register Pair switch and, with the points of presence in Europe provided by WTL, Global will be able to interconnect (1) To attach one device to another. (2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another. its network to both European and U.S. carriers enabling it to terminate calling traffic to and from Eastern Europe. The key to GTCNetLink's rapidly expanding network into the emerging markets in Eastern Europe is access to all of Europe through the Global Transmedia - WTL Belgium hub. ADGI views the significance of this opportunity being its affiliate's continuing success at forming reciprocal alliances with first class local operating companies operating company A business that engages in transactions with outsiders. that have a strong market presence in their countries. In recent weeks GTCNetLink has been approached by representatives of thirteen Eastern European countries interested in joining the network. Eastern Europe is a vast and untapped market where GTCNetLink can gain a firm foundation and grow rapidly and profitably. ADGI believes the revenue and profit opportunities available in Eastern Europe are as significant as the opportunities in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . As the former Soviet block countries continue to develop new independent commercial relationships with the West, there is a tremendous pent up demand for telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. . ADGI feels strongly that its telecommunications affiliate will attract many profitable relationships with the local telecommunications providers because GTCNetLink offers high quality, proven calling products based on state-of-the-art technology. GTCNetLink has the unique position to provide services both in the carrier to carrier wholesale market and in the retail market in Eastern Europe. GTCNetLink is able to offer lower cost calling at substantially higher profit margins to its local partners due to the cost savings offered by its IP calling network. The relationships being reviewed by GTCNetLink in Eastern Europe offer revenue growth not only from the income earned from its standard services but the right to participate in the profits earned at the local retail level in these countries. Executive Offices: 110 N. Center St., Suite 202, Hickory, NC 28601, 828/322-2044, 828/322-3798 (fax) Contact: Jerrold R. Hinton, President/CEO Global Transmedia Communications Corporation 305/579-9922 Certain statements in this release constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Act of 1995. The words "forecast", "project", "intend", "expect", "should", "would", and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing or operating) or achievements expressed or implied by such forward-looking statements. The above factors are more fully discussed in the Company's SEC filings. |
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