Contract Consummated for Acquisition of Tryco International With Global Access New Millennium.Business Editors CISCO, Texas--(BUSINESS WIRE)--Feb. 10, 2000 Black Giant Oil Company (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :BGOC - news), which announced on January 21, 2000 that it had entered an agreement with Global Access New Millennium, Inc. for the acquisition of a 1/3 interest in Tryco International, Inc., has completed its contractual obligations relating to the Private Placement which if successful will provide the funds for the acquisition. Tryco International, Inc. is a 22 year old company, with offices in the United States, Afghanistan, Croatia and Saudi Arabia. The firm is currently under contract with the United States Government, Defense Logistics Agency Noun 1. Defense Logistics Agency - a logistics combat support agency in the Department of Defense; provides worldwide support for military missions Defense Department, Department of Defense, DoD, United States Department of Defense, Defense - the federal department , to supply emergency equipment to all branches of the United States Armed Forces Used to denote collectively only the regular components of the Army, Navy, Air Force, Marine Corps, and Coast Guard. See also Armed Forces of the United States. worldwide. Tryco's Riyadh Office serves both U.S. and Saudi clients by supplying and installing radio systems including the Royal Palaces in Jeddah and Riyadh, the Central Bank, the five major hospitals in Saudi Arabia This is a list of hospitals in Saudi Arabia. Central region:
SCECO Streatham Common Environmental Co-Operative (UK) ), and other Government Ministries. Tryco has supplied and installed communications towers, VHF (Very High Frequency) The range of electromagnetic frequencies from 30 MHz to 300 MHz. repeaters, and a complete six channel TV station with 1000 MMDS (Multichannel Multipoint Distribution Service or Microwave Multipoint Distribution Service) A digital wireless transmission system that works in the 2.2-2.4 GHz range. receivers for the United States Air Force United States Air Force (USAF) Major component of the U.S. military organization, with primary responsibility for air warfare, air defense, and military space research. It also provides air services in coordination with the other military branches. U.S. . Tryco also provides INMARSAT and cellular telephone services to the United States, French and British Forces in the Kingdom of Saudi Arabia. Tryco and the Afghan Ministry of Communication have formed a 51% / 49% Joint Venture thus creating the Afghan Telephone Company. Under the terms of this currently operating agreement, Tryco, as the Managing Partner of the JV, represents Afghanistan with signature authorities for INTELSAT, EUTELSAT EUTELSAT European Telecommunications Satellite , and the International Telecommunication Union International Telecommunication Union (ITU), specialized agency of the United Nations, with headquarters at Geneva. It was created in 1934 as a result of the merging of the International Telegraph Union (est. . Tryco is engaged in the installation and operation of Earth Stations in the Middle East and Central Asia, with forty new earth stations being currently negotiated. BroadBand Wireless Communications Corporation of Oklahoma city, on behalf of BGOC, has completed the requirements of the previously executed agreement with Global Access relating to the Private Placement announced on January 21. In addition, BGOC, through authorized representatives, and Global Access are currently negotiating with international telecommunication firms for the purpose of developing a Virtual Private Network, consisting of wireless systems domestically and abroad. A focus of these efforts will be the development of networks utilizing the strategic access rights owned currently by Tryco to install and operate antennas, transmitters and related equipment for the establishment of wireless internet and cellular systems in more than 2,800 existing facilities throughout cities in Europe. As previously announced, the Private Placement obtained by Global Access New Millennium, Inc., in the amount of $25 Million, when completed, is scheduled to fund Global's acquisition of Tryco International, Inc., with one-third ownership interest being conveyed to BGOC. The Private Placement is being arranged by an Investment Banking Firm in Houston, Texas which successfully completed in excess of Three Hundred Million Dollars in private placement funds during 1999. Also previously announced, the company will be changing its corporate name to BroadBand Wireless International Corporation, effective February 16, 2000. For more information, contact Justin Ellis at (405) 917-9565. This document includes forward-looking statements, made under the Safe Harbors Provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are generally identifiable by the use of words such as &uot;believe,&uot; &uot;expect,&uot; &uot;intend,&uot; and other words of similar nature. These statements are based on management's current expectations, estimates and projections that are subject to risk and uncertainties, including, but not limited to success of negotiations, availability of financing, political currency, regulatory, competitive and technological developments. Consequently, actual results could differ materially from those forward-looking statements. Black Giant Oil Company does not undertake, and specifically disclaims any obligations to update forward-looking statements which speak only as of the date made. |
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