Global DataTel Files Form 10 With SEC; Reports First Quarter Results.DELRAY BEACH, FL.--(BUSINESS WIRE)--July 29, 1999-- Global DataTel, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : GDIS GDIS General Dynamics Information Systems GDIS Guam Data Interface System GDIS Global Distribution Images System ) has filed its Form 10 with the SEC. The document is retrievable at the SEC website at www.sec.gov and was filed on July 26, 1999. Upon being declared effective by the SEC, Global DataTel, Inc. will become a fully-reporting company. Included in the Form 10 are the company's unaudited results for the first quarter of 1999, ending March 31, 1999. For the quarter the company reported revenue of $6,502,012 and net income of $621,715 or $.02 per share. Global DataTel (www.globaldatatel.com) is a Latin American leader in medium to large system integration projects. A First Tier IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Business Partner, Global distributes Compaq, Dell, Hewlett-Packard and Cisco hardware as well. Global is also a Microsoft Solution provider, Lotus Premier Team Provider and a distributor of JBA (JBA International, Inc., Rolling Meadows, IL) A global developer and supplier of enterprise resource planning (ERP) software for AS/400, Unix and NT platforms. Founded in 1981 as Johnston Brown Associates, in 1999, it was acquired by Canadian-based Geac Computer Corporation. International E.R.P. company. eHOLA.com Online Service Network (www.ehola.com) is a division of Global DataTel, Inc. and offers integrated Internet access in Spanish or Portuguese to individuals in North, Central and South America, providing consumer and business dial-up and dedicated Internet access to 305 cities throughout Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, El Salvador, Guatemala, Mexico, Paraguay, Peru, the United States and Venezuela. This release contains forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Forward-looking statements involve the known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from that which is anticipated. These risks are spelled out in the company's Form 10, filed with the U.S. Securities & Exchange Commission on July 26, 1999. |
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