Global Telemedia International Forms Strategic Alliance; Initial Contract Worth $5 Million in Gross Monthly Billings.

ATLANTA--(BUSINESS WIRE)--Nov. 3, 1998--Global Telemedia International, Inc. (OTC Bulletin Board: GTMI:"GTMI") announced today that it has entered into a formal agreement for a strategic alliance with CyberAir Communications, Inc., of Los Angeles, California, ("CyberAir").

CyberAir is building an international telecommunications network, initially deploying equipment in China, Pakistan, India and Mexico. GTMI will act as CyberAir's primary marketing arm for international telecommunications traffic.

Under an initial contract, beginning November 15, 1998, GTMI will sell a minimum of 25 million minutes per month of CyberAir traffic, originating in the U.S. and terminating in Mexico. This initial contract is expected to generate gross monthly billings of approximately $5 million.

Roderick A. McClain, GTMI president and chairman stated: "During the past six months, GTMI has developed and retained a significant number of carrier relationships which are seeking additional capacity to Mexico. Our strategic alliance with CyberAir gives us the ability to immediately fill this backlog under our initial contract. We presently have commitments for the entire initial block of CyberAir traffic and are negotiating additional contracts in other countries serviced by CyberAir. We expect to execute those contracts in the very near future."

Facilities management and operational support for this contract will be provided by a third-party carrier. This will allow GTMI to concentrate on the company's real strength, which is marketing.

GTMI has discontinued due diligence proceedings for a proposed merger with GCN, a telecommunications company that was establishing a network in Mexico.

GTMI is a full-service communications and information processing company focusing on international communications networking in emerging countries. Additionally, GTMI is developing its own proprietary technology to complement these efforts.

The statements contained in this release may contain forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results or other expenditures expressed in the Company's forward-looking statements. These risks and uncertainties are detailed in the Company's Form 10K for the period ended December 31, 1997, and are incorporated herewith by reference.