GTC Telecom to Change Name to GTC Wireless.
COSTA MESA, Calif. -- GTC GTC
See: Good 'til cancelled order
See good-till-canceled order (GTC). Telecom Corp. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :GTCC) today announced that it intends to change its corporate name to GTC Wireless, Inc. As previously reported, GTC intends to shift focus from providing traditional long distance and local telephone services toward providing wireless service as a Mobile Virtual Network Operator A Mobile Virtual Network Operator (MVNO) is a company that provides mobile (sometimes called wireless or cellular) telephone service but does not have its own allocation of the radio frequency spectrum nor all of the infrastructure required to provide mobile telephone service. (MVNO). S. Paul Sandhu, GTC's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We are very excited by the prospects of wireless service. We feel that wireless represents the future of telecommunications. Changing our name to GTC Wireless, Inc. represents our commitment towards building a stake in this rapidly growing market."
Formal completion of the name change is subject to stockholder approval. It is currently anticipated that the name change will be finalized early next year.
About GTC Telecom
Founded in 1997, GTC Telecom and its subsidiaries provide local, long-distance, conference calling and toll-free services; and dial-up Internet access See dial-up. to residential customers throughout the United States; as well as Business Process Outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services. GTC provides its services directly to consumers, as well as through affiliate marketing programs. For more information, visit www.gtctelecom.com.
This release may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. This report should be read in conjunction with the Company's annual report on Form 10-KSB and it's quarterly reports on Form 10-QSB. The Company's results may vary significantly from quarter to quarter and will depend, among other factors, on product launches and market acceptance, manufacturing contracts and distribution agreements.