Global TeleMedia International Inc. announces acquisition of Finish Line Collectibles Inc.ATLANTA--(BUSINESS WIRE)--Nov. 20, 1996--Global TeleMedia International Inc. (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 BB:GTMI GTMI Go to Market Initiative ) announced Wednesday that it has completed the asset purchase of Finish Line Collectibles Inc. Since 1993, Finish Line, with corporate offices located in Ponte Vedra, Fla. has produced and distributed prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. telephone cards
depicting the licensed marks of the leading personalities in NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. Winston Cup Racing.
With gross revenues exceeding $2 million in 1995, Finish Line will have a positive impact on GTMI's prepaid phone card business. In the future, Finish Line cards will feature the enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; only available through GTMI's proprietary state-of-the-art enhanced services platform. Additionally, the Finish Line product line offers an added collectible feature to the Enhanced Services Program of Vision 21 Inc., GTMI's network marketing subsidiary. Roderick A. McClain, GTMI's chairman and chief executive officer, stated: "The Finish Line brand name is well recognized and respected in the prepaid telephone card industry, and the licensed collectible phone card products issued by Finish Line fit perfectly into our marketing plans. Additionally, the Finish Line products will benefit from Vision 21's Enhanced Service Program, which has literally exploded ex·plode v. ex·plod·ed, ex·plod·ing, ex·plodes v.intr. 1. To release mechanical, chemical, or nuclear energy by the sudden production of gases in a confined space: in its first 10 days. The Vision 21 Enhanced Services Program offers numerous prepaid and collectible prepaid telephone cards through its nationwide independent agency network." Art West, president and chief executive officer of Finish Line, said: "The relationship with GTMI will provide the equipment necessary for the development of additional brand name products and increased license base. This will greatly enhance our leadership position in the industry." CONTACT: Global TeleMedia International Inc., Atlanta Melissa Hart
Melissa A. Hart (born April 4, 1962) is an American politician who is a former member of the United States House of Representatives for the Fourth Congressional District of , Corporate Secretary 770/667-6088 |
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