Global DataTel Forms e-Commerce Business Centers in North and South America; Company to Report Profitable 1998.DELRAY BEACH, Fla.--(BUSINESS WIRE)--May 4, 1999-- Global DataTel Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GDIS GDIS General Dynamics Information Systems GDIS Guam Data Interface System GDIS Global Distribution Images System ) today announced the formation of four e-Commerce Business Centers, strategically located in North and South Amercia. These offices will be located in Miami, Florida; Mexico City, Mexico; Bogota, Colombia; and Sao Paulo, Brazil. In conjunction with the eHOLA.com Online Service Network, Global DataTel has established a dedicated infrastructure for the development, integration and implementation of the internet into Latin American Fortune 1000 companies. These offices constitute the first dedicated e-Business facilities in Latin America that will include hardware, software, internet expertise, training and design engineers for enterprise wide intranet, extranet, business to business, and business to consumer solutions. The solutions include cross platform applications and utilize Wintel, Unix, AS/400, and S/390 operating system environments. The eHOLA.com will provide internet access to the corporations across the Americas, as well as search engine technology for the projects. The centers are expected to become operational in the second quarter 1999. Global DataTel also announced that it expects to file its Form 10KSB KSB Kogod School of Business (American University) KSB Kelley School of Business (Indiana University) KSB Kantonsschule Am Brühl St. this month with the U.S. Securities & Exchange Commission. For the year ending December 1998, Global DataTel expects pro forma revenue of approximately $23.3 million with pro forma net earnings of approximately $1.9 million or 25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (Earnings before interest expense, income taxes, depreciation and amortization) are expected to amount to approximately $3.1 million. Global DataTel has 9,482,623 shares outstanding. Global DataTel (www.globaldatatel.com), as 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, is the Latin American leader in medium to large system integration projects. Global also partners with Compaq, Dell, Hewlett-Packard and Cisco, and is a Microsoft Certified Solution Provider, Lotus Premier Team Provider and is a Microsoft Certified Solution Provider, Lotus Premier Team Provider and is 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. Global offers information systems expertise, Online service (www.ehola.com) and Latin media services throughout South America. Headquartered in Delray Beach, Fla., Global has offices throughout Colombia, Mexico and Brazil. This release contains forward-looking statements that are made pursuant to the safe harbor 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 period to differ materially from that which is anticipated. |
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