Global Industrial Services, Inc. - GBSV Announces Full OTC BB Listing Status.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Jan. 16, 2001 Global Industrial Services, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : GBSV) a consolidator of companies in the industrial services industry sector today announced that has been listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Over the Counter Bulletin Board market for trading effective immediately. It will continue to use the trading symbol GBSV. The move will help the company strengthen its standing in the public markets, garner it access to increased funding opportunities and allow the company to accelerate growth plans. Its goal is to achieve full NASDAQ market listing status at the earliest possible juncture. Global Industrial Services has closed on two acquisitions and has plans to acquire a minimum two more companies by year-end 2001, bringing estimated aggregate revenues to approximately seventy-five million dollars ($75,000,000) in 2001. The company recently announced the planned acquisition of Trisil Minerals Inc. through an option agreement. Located in British Columbia with proven and geologically verifiable industrial mineral deposits that will ensure aggregate production for 25 years. Deposits on the GBSV property include garnet, white dolomite dolomite (dō`ləmīt', dŏl`ə–). 1 Mineral, calcium magnesium carbonate, CaMg (CO3)2. , white limestone, and black gabbro gabbro: see basalt. gabbro Any of several medium- or coarse-grained rocks that consist primarily of plagioclase feldspar and pyroxene. Gabbros are found widely on the Earth and on the Moon. and other types of granites suitable for rip rap and guard rock. The 6050-acre site will also provide much needed materials to supply breakwaters, rail-bed, highway and other projects currently slated for funding under the U.S. Transportation Equity Act for the 21st Century
The Transportation Equity Act for the 21st Century (TEA-21) was enacted June 9, 1998, as Public Law 105-178. (TEA-21). These projects are part of a bold $110 billion initiative to rebuild and improve transportation infrastructure across the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. . The new OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB listing will allow Global Industrial Services to accelerate plans to acquire profitable companies and build a multifaceted international industrial services consortium to meet growing demand in both industrialized in·dus·tri·al·ize v. in·dus·tri·al·ized, in·dus·tri·al·iz·ing, in·dus·tri·al·iz·es v.tr. 1. To develop industry in (a country or society, for example). 2. and rapidly expanding emerging markets. Targets include firms with strong management and business models that add needed components to the GBSV stable of companies. By dovetailing the products and services of these companies together, the aim is to create a consortium that is more effective in accessing opportunities and markets not previously available to the companies independently. As a result, profitability improves due to greater efficiencies of scale and access to new, more lucrative market opportunities. GBSV becomes a unified force where the total becomes greater than the sum of the parts. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, continued acceptance of the company's products, competition, new products and technological changes, intellectual property rights and other risks. ON BEHALF OF THE BOARD OF DIRECTORS OF GLOBAL INDUSTRIAL SERVICES INC. Terry Kirby, President Global Industrial Services Inc. 14th Floor, 609 Granville St. Vancouver, British Columbia Canada V7Y 1G5 Website: www.global-industrial.net |
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