Global Telemedia International Inc. Names COO and Additional Board Members.ATLANTA--(BUSINESS WIRE)--June 21, 1999-- Global Telemedia International Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : GTMI-News; "GTMI GTMI Go to Market Initiative ") announced today that it has signed a three-year contract with Rene Fruto to serve as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . In addition, the company has added Helen T. Rivilla as Corporate Secretary and Ambassador Ramon A. Tirol as a new member of the Board of Directors. Fruto will oversee the implementation of international cash management and procedures to maximize the income tax-free status of Bentley House Furniture Company. He possesses expertise in the writing and implementation of procedural manuals for multiple national and international divisions. His manuals written for Bank of the Philippine Islands The Bank of the Philippine Islands or BPI (PSE: BPI) is the oldest bank in the Philippines still in operation and is the third-largest bank in the country in terms of assets, third only to Metrobank and second to Banco de Oro-EPCI, Inc. (BPI) are still in use. Fruto is former Vice Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Marina Bank, Marina del Rey, Managing Director of Marina State Bank , Vice Chairman of Western State Bank, President of First Central Bank NA, Executive Vice President of Trans National Bank and Executive Vice President of Pan American National Bank. He is a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. and holds a B.Sc. in Accounting and a Masters in banking and finance. Tirol an attorney, will focus on structuring international telecommunication and trade agreements in the Asian-Pacific region. He is a former Philippine Ambassador to Brunei and a former Commercial Attache to Bonn, Germany. Rivilla is an international attorney practicing law both in the USA and the Philippines. She is well versed in international commerce. GTMI will open its California offices by the end of June. This is expected to accelerate the implementation of international trade agreements between West Coast America and the Asian-Pacific region. Global Telemedia International Inc. (GTMI) is a full-service communications company focusing on international communications networking in emerging countries. The company holds the necessary certificates of conveyance with applicable public service communications in the continental United States United States territory, including the adjacent territorial waters, located within North America between Canada and Mexico. Also called CONUS. as well as an international carrier license. The company is also drafting telecommunications agreements with existing providers to expand their operations into Australian and the BIMP-EAGA BIMP-EAGA Brunei-Indonesia-Malaysia-Philippines East-Asian Growth Area BIMP-EAGA Brunei Darussalam Indonesia Malaysia the Philippines - East Asean Growth Area countries (Brunei, Indonesia, Malaysia & Philippines) that have combined populations of over 400 million people. 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 of other expenditures expressed in the Company's forward-looking statements. |
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