Global Telephone Communication Inc. Is Listed On Berlin Stock Exchange Due to Investor Interest.SAN DIEGO--(BUSINESS WIRE)--May 20, 1999-- Global Telephone Communication Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:GTCI GTCI Gopher Tortoise Conservation Initiative ) today announced that Berliner Freiverkehr (Aktien) Handel AG, a German specialist firm operating on the Berlin, Frankfurt, and Stuttgart exchanges, has listed GTCI on the Berlin Stock Exchange due to investor interest. GTCI's trading symbol Trading symbol See: Ticker symbol on the Berlin Stock Exchange is GTB GTB Global Transaction Banking GTB General Terms of Business GTB Global Trust Bank GTB Go To Bed GTB Grand Traverse Band (of Ottawa and Chippewa Indians; Michigan) GTB Ghana Tourist Board GTB Gay Teen Boys . Berliner Freiverkehr (Aktien) Handel AG was approached by banks, and by financial institutions and their clients inquiring to invest in GTCI stock. As a result of a substantial number of inquiries, Berliner Freiverkehr began making a market in GTCI's shares on the Berlin Stock Exchange on April 12, 1999. The stock is sold in Euro Dollars with 1USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. being equivalent to 1.064 Euro Dollars. GTCI (GTB) is currently trading around $3.00 EURO. Berliner Freiverkehr (Aktien) Handel AG is a specialist firm acting as a market maker for OTC listed companies in Berlin, Frankfurt, and Stuttgart. Their specialty is in the introduction of foreign stocks to the German market. As German investors look increasingly towards foreign investments, Berliner Freiverkehr (Aktien) Handel AG provides a valued service, and has been very successful to the present day. Berliner Freiverkehr (Aktien) Handel AG has successfully introduced over 1,000 foreign equities in Berlin with high liquidity. In 1998, their trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. was approximately 60 billion Deutschmarks in the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market . GTCI now possesses many advantages in the trading of their shares in Berlin. German investors, including smaller ones, can buy shares in the newly established Euro. Because of this, transactions are much easier to undertake and are less expensive. Berliner Freiverkehr (Aktien) Handel AG also provides the financial press with information about GTCI, and the fact that the service of listing GTCI's equities was provided without charge, has attracted significant publicity. Global Telephone Communication Inc., is working with China Telecom to bring wide access of the Internet to the Peoples Republic of China. Through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Regent Luck Holdings, Global Telephone operates under an exclusive agency/licensing agreement with China Telecom's wholly owned subsidiary, Newsnet, to provide basic and advanced Internet services. Also within the agreement is Global Telephone's ability to provide Internet Telephony systems and products. According to statistics recently released by the China National Network Information Center, registered Internet users reached 1.175 million by the end of June, 1998, doubling the number of users over the previous six-month period. More information can be obtained about Global by visiting its Web Site at http://www.globaltci.com, as well by visiting http://www.superstocks.net and http://www.wallstreetresearch.net. |
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