Global Light Telecommunications Subsidiary NeTrue Establishes Joint Venture With Chinese Telecommunications Company.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 23, 1998-- Global Light (VSE:GGB.U)(AMEX:GBT) is pleased to announce that NeTrue Communications, Inc., has entered into a joint venture with the largest telecom equipment provider in China. In confirmation of articles regarding the agreement in "Communications Weekly" of November 4, 1998, and in "China Computer World" dated November 5, 1998, the joint venture agreement with Tangsheng Investment and Development Co., Ltd. (an affiliate of Shanghai Bell) provides NeTrue with the opportunity for the development of comprehensive IP Telephony offerings with China's largest telecom equipment provider. In addition to providing an excellent market for NeTrue's existing products, the joint venture will develop a carrier-grade, large-port capacity, scaleable IP phone switch, based on NeTrue's IP telephony expertise.

Among the distinguished guests attending the joint venture signing ceremony recently held in China, were the Director General of the Ministry of the Information Industry (MII) of China; a Vice President of China Telecom; Deputy Director General of the Data Bureau of China Telecom; and Managing Directors of the Provincial Telephone Authorities from Jiangsu, Zhejiaang, Shandong and Tianjung Provinces.

The joint venture relationship should enable NeTrue Communications to penetrate the rapidly developing Chinese market. The Chinese market is one of the world's largest and fastest growing, with the highest number of paging users, the second largest switch capacity, and finally, the third largest subscriber base for mobile phones. This market is expected to add in excess of 20 million lines to its public switched telephone network (PSTN) in the coming year. This is approximately equal to the total PSTN capacity of Canada today.

Commenting on the joint venture, James Shen, President and CEO of NeTrue Communications stated, "By cooperating with China's leading telecom equipment manufacturer, a China Telecom company, NeTrue is in an excellent position through our two wholly owned subsidiaries in China to serve China Telecom by providing IP Telephony solutions."

Dr. Tom Sawyer, Chairman of NeTrue and a Director of Global, added, "The complement of NeTrue's IP based telephony products, in conjunction with the development of a scaleable high port capacity IP based switch, places NeTrue in the envious position of being able to market its products into the fastest growing telecom market in the world. Further, the joint venture will enable NeTrue to synergistically leverage the Global Light family of companies expertise and experience, and layer additional state-of-the-art service offerings into this market."

Global Light is also pleased to announce it has acquired an additional 4 percent equity interest in NeTrue pursuant to the original share purchase agreement. The additional ownership in NeTrue raises Global Light's equity ownership interest to 55 percent.

NeTrue Communications, Inc. is a California based IP telephony solutions provider. NeTrue has sold IP phone/fax gateways and gatekeepers to customers in more than 20 countries. NeTrue also manages a global IP telephony network with 50 nodes in 16 countries. NeTrue's core technical competency is QoS management, network management and clearing house technology in IP telephony networks.

Global Light Telecommunications is a telecommunications company based in Vancouver, B.C. with joint venture interests in Europe through Axxon Telecom B.V., a switched-based long distance reseller, and in Mexico through Bestel, S.A. de C.V., a facilities based long distance concessionaire currently completing a 2,270 km fiber optic network in Mexico. Global Light also owns controlling interests in NeTrue Communications, Inc., a company involved in the supply of Internet Telephony services to international markets and in Highpoint Telecommunications Inc., (ASE:HGP) which operates telecommunications networks specializing in voice, data and internet carrier services internationally.