Global Triad Signs Letter of Intent to Form a Strategic Alliance with Amplidyne; Company Moves Closer to Completing Wireless Network Installations.Business Editors/High-Tech Writers SARASOTA, Fla.--(BUSINESS WIRE)--June 15, 2004 GLOBAL TRIAD, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Pink Sheets:GTRD GTRD Generalized Transverse Resonance-Diffraction ), traded on the Over The Counter Pink Sheets, announced today the signing of a Letter of Intent with AMPLIDYNE am·pli·dyne n. A rotating magnetic amplifier with specialized windings that allow small changes in power input to produce large changes in power output. [Originally a trademark.] INC. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMPD AMPD Alisveris Merkezleri ve Perakendeciler Dernegi (Turkish Council of Shopping Centers and Retailers) AMPD Adenosine Monophosphate Deaminase AMPD Average Miles Driven Per Day AMPD Atomic and Molecular Physics Division ), a designer and manufacturer of wireless networking products, whereby Amplidyne will supply GLOBAL TV, INC., a 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. of Global Triad, with the technology and products required for GTRD to continue realizing its vision of becoming a major player in the wireless networking community. The letter of intent is subject to the execution of a definitive distribution and purchasing agreement. To insure the greatest efficiency and quality, Amplidyne will supply the hardware and compatible software, along with support for all Global installations. Anthony Mellone Jr., Executive Vice-President of Global Triad stated: "This is much more than the selection of a vendor. Through this Letter of Intent, Amplidyne becomes a strategic partner, providing invaluable experience and guidance for the build-out of Global Triad's wireless network. After completing our due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , we had no doubt that by installing wireless products designed, manufactured and supported by Amplidyne, Global Triad would be able to offer customers the highest performance and reliability of virtually any wireless system." Mr. Mellone, Jr. also said: "Global Triad is presently negotiating thirty-one contracts related to the sale of distribution territories throughout the world. Based on just a partial success of these negotiations, management anticipates Global Triad will generate more than $500,000 in revenue during the next quarter. In addition, Global Triad's hotel based wireless network will be complete and live within the next few weeks, meaning that the Company will begin to accrue immediate revenues." Phase III of the Company's business model, the roll out of Video on Demand (VOD See video-on-demand. VoD - video on demand ), is still on target with initial installations scheduled for the end of October, 2004. Devendar Bains, 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 Amplidyne, Inc. stated: "We at Amplidyne are excited to have this strategic relationship with Global Triad as we work together to create new opportunities for both companies, using Amplidyne's wireless technology combined with Global Triad's VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a and Video on Demand technology. We are looking forward to incorporating Global Triad's technology with our wireless solutions to provide unique solutions to MDU's, hospitality industry and WISP's." About Amplidyne, Inc. Amplidyne, Inc. designs, manufactures and sells ultra linear single and multi-channel power amplifiers and broadband high-speed wireless products to the worldwide wireless, local loop and satellite uplink telecommunications market. The single and multi-carrier linear power amplifiers, which are a key component in cellular base stations, increase the power of radio frequency and microwave signals with low distortion. The Company's wireless networking products are marketed to the cellular, PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. , X-band, wireless local loop segments of the wireless telecommunications industry. Company web site: http://www.amplidyneinc.com About Global Triad, Inc. Global Triad Incorporated (GTI GTI Gas Technology Institute GTI Global Taxonomy Initiative GTI Good Time Interval GTI Guelph Turfgrass Institute GTI Green Theme International GTI Gordon Training International GTI Georgia Transportation Institute GTI Group Travel Insurance ) is a holding company with headquarters in Sarasota, Florida. It is the Company's intent to become a leading force in the digital communications sector through a combination of organic growth and mergers or acquisitions of complimentary businesses. GTI owns and operates one subsidiary, Global TV, Inc., (GTV GTV gross tumor volume GTV Gala Television (Taiwan) GTV Ground Test Vehicle GTV Gran Turismo Veloce (automobile specification) GTV Gas Turbine Vessel (Maritime) ) a Florida Corporation. The primary business of GTV is the aggregation and delivery of a wholesale, end-to-end wireless digital communications system utilizing both Internet Protocols (IP) and proprietary digital devices. The company will offer over wireless high-speed networks a "Triple Play" consisting of Voice over Internet telephony (VoIP), high-speed Internet data delivery and true Video-On-Demand (VOD). Both the Internet and VOD will be accessible through the consumer's television. The VOD content will appear at 30 frames-per-second, the industry standard for television. Global Triad recently announced the acquisition and worldwide rights to a proprietary compression technology that will significantly reduce the cost of bandwidth required for VoIP. SAFE HARBOR Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by Global Triad, Inc. is not a guarantee of future performance, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Global triad and Global TV Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition, and the execution of the definitive distribution and purchasing agreement. Company web site: http://www.Globaltriad.net |
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