Global DataTel Provides Update On S1 Registration Filing Progress.DELRAY BEACH Delray Beach, resort city (1990 pop. 47,181), Palm Beach co., SE Fla., on the Atlantic coast; settled 1895, inc. 1911. Mostly residential, Delray Beach is also the trade center for a citrus-fruit and vegetable-growing region. , Fla.--(BUSINESS WIRE)--Sept. 13, 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 ) today clarified for investors the status of its previously-announced S1 Registration Statement filing. According to the Company, the filing of the S1 Registration Statement has been delayed due to additional audit work being completed for each of the companies that Global DataTel acquired. In order to assist its accounting firm, Infante in·fan·te n. A son of a Spanish or Portuguese king other than the heir to the throne. [Spanish and Portuguese, both from Latin , Lago & Company of the completion of this effort, Global DataTel retained PriceWaterhouseCoopers of Colombia to carry out the on-site work in Colombia, South America. This effort is expected to be completed this month. In addition, Global DataTel added that concurrently it has retained a big six accounting firm to carry out a separate audit of its wholly-owned subsidiary eHOLA.com, which commenced operations earlier this year, citing that this will enable investors an ability to compare eHOLA to its competitors on an apples-to-apples basis. That audit is also near completion at the present time. Global DataTel plans to announce audited six-month results for eHOLA in the next few weeks and also expects to announce consolidated six-month/second quarter results for the corporation at that time as well. Global DataTel, Inc. (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, ell, 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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