Accesstel Announces Bid for the Purchase of Textile Equipments.FAIRFIELD, N.J. -- Accesstel, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASTI) today announced that it has agreed to present a closed bid for the purchase of the equipment of a Belgium based Knitting knitting, construction of a fabric made of interlocking loops of yarn by means of needles. Knitting, allied in origin to weaving and to the netting and knotting of fishnets and snares, was apparently unknown in Europe before the 15th cent. and dyeing Dyeing The application of color-producing agents to material, usually fibrous or film, in order to impart a degree of color permanence demanded by the projected end use. plant. With a daily production capacity of around 20 tons, this new purchase would enable Accesstel to eliminate all the finished fabric subcontracting process done today and save on its current cost structure. The estimated bid price will be valued at 10 to 15% of the market price for similar type of machines ($5 to $6 Million). The closing date for the bid is January 21, 2005. Accesstel, Inc already announced on December 6, 2004 that it has plans to acquire or purchase a textile circular knitting Circular knitting or knitting in the round is a form of knitting that creates a seamless tube. When knitting circularly, the knitting is cast on and the circle of stitches is joined. Knitting is worked in rounds (the equivalent of rows in flat knitting) in a spiral. and dyeing plant. Such addition of this new machinery would increase Accesstel's production capacity by five fold. However, there is no assurance that our bid for this equipment will be successful. Accesstel announced on October 28th, 2004 that it had completed the acquisition of Global Invest Holdings, Inc., a U.S. based company engaged in the production and marketing of textile products. Pursuant to this acquisition, a name change to Global Invest, Inc. and symbol change is pending. Accesstel has developed this unique and global "virtual manufacturing Virtual manufacturing The modeling of manufacturing systems using audiovisual or other sensory features to simulate or design alternatives for an actual manufacturing environment, or the prototyping and manufacture of a proposed product using computers. " concept, integrating social and economic development. For more details, visit our website www.globalinvestholdings.com
On behalf of the Board
Ralph Sayad, Chief Executive Officer
Accesstel, Inc.
This news release includes "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. " as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact are statements that could be deemed forward-looking statements and are often characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by the use of words such as "believes," "expects," "estimates," "projects," "may," "will," "intends," "plans," or "anticipates," or by discussions of strategy, plans or intentions. In this news release, forward-looking information includes statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the conversion of securities, future sales of securities, future registration of securities and similar matters. All forward-looking statements in this news release are made based on management's current expectations and estimates, which involve risks, uncertainties and other factors that could cause results to differ materially from those expressed in forward-looking statements. |
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