Payless Communication Holdings, Inc. Signs Agreement with Global Triad, Inc.HALLANDALE BEACH, Fla. -- Payless Communication Holdings, Inc. ("PCH PCH Paroxysmal cold hemoglobinuria, see there ") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PCNH PCNH Panama City News Herald (newsdaily; Florida) ) today announces to its shareholders that PCH signed an agreement with Ft. Lauderdale based Global Triad, Inc., (OTC:GTRD GTRD Generalized Transverse Resonance-Diffraction ) a publicly traded Company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the Over-The-Counter Market. Global Triad has deployed a WiFi and WiMax network that covers the territory of Delray Beach, Florida Delray Beach is a city in Palm Beach County, Florida, USA. As of the 2000 census, the city had a total population of 60,020. As of 2004, the population estimated by the U.S. Census Bureau is 64,150. to Aventura, Florida. PAYLESS TELEPHONE COMPANY ("PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. "), 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 PCH, plans to offer its triple play services (voice, data and video) through this "wireless" network. As Global Triad expands its service areas, PTC plans to offer its services in those markets as they become available. Payless Communication Holdings president 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. , Ricardo J. Canal, stated, "PTC will benefit from this agreement by substantially reducing its entry to market timeframe within the US. Furthermore, PTC intends to deploy this WiFi / WiMax technology throughout Central America and the Caribbean in order to meet the increasing demand for telecommunication services as a direct result of the deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the telecom sector." About: Payless Communication Holdings, Inc. Payless Communication Holdings, Inc. (PCH), trading on the Over The Counter Pink Sheets under the symbol PCNH, is a holding company with its headquarters in Hallandale Beach, Florida Hallandale Beach is a city in Broward County, Florida, United States. The city is named after Luther Halland, a worker for Henry Flagler's Florida East Coast Railroad. As of 1 July 2006, the population estimated by the U.S. Census Bureau is 37,145. . Among its divisions is Payless Telephone Company, a wholly owned subsidiary of PCH, which intends to offer consumers a complete array of Voice, Data, and Video products for both residential and business use. Payless Telephone Company is a CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) (Competitive Local Exchange Carrier) with pending interconnections with BellSouth and Verizon that will allow Payless Telephone Company to offer local services in over 35 states in the USA. In addition, Payless Telephone Company will complement their local services with the addition of 1(+) long distance, Dial Up Internet, and Broadband DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary . The ability to offer these services will enable Payless Telephone Company to compete with companies such as BellSouth, Verizon, Qwest, and Supra Telecom. Payless Telephone Company also intends to offer various magic cards in the USA and in countries around the world for internet, electronic money transfers, and voice calls. Payless Telephone Company will compete in this arena with companies such as MoneyGram, and Western Union. Our business plan calls for marketing to a niche Ethnic market within the residential and business communities that have family, friends, and business in the USA and overseas. About: Global Triad Global Triad Incorporated (GTI), trading on the Over The Counter Pink Sheets under the symbol GTRD, is a holding company with its headquarters in Ft. Lauderdale, 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 complementary businesses. At this time, GTI owns and operates three subsidiaries, Global TV, Inc. (GTV), Global WiFi Plus, Inc. (GWP), and Global Telco, Inc., all Florida Corporations. The primary business of GTV is the aggregation and delivery of a wholesale, end-to-end wireless digital communications system and TV Production utilizing both Internet Protocols (IP) and proprietary digital devices. The primary business of GWP is the installation, operations, and customer support of Global's next generation 802.11 "WiFi Plus" wireless high-speed broadband technology. The primary business of Global Telco, Inc. is to manage the sales, marketing, and support of GTI's telecommunications and VoIP products. 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. Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. |
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