Positive Vote for China by U.S. House of Representatives Signifies Importance of e-GlobusNet.Business Editors NEW YORK--(Business Wire)--May 25, 2000 Globus International Resources Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BB, GIRC GIRC Georgetown International Relations Club ) wishes to express its enthusiasm over yesterday's vote by the U.S. House of Representatives to extend Permanent Normal Trade Relations Permanent Normal Trade Relations (PNTR) status is a legal designation in the United States for free trade with a foreign nation. In the U.S. the name was changed from Most Favored Nation (MFN) to PNTR in 1998. to China. This vote, along with the recent announcement by the European Union to normalize its trade with China, will greatly increase the success of our newly created, multilingual B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business portal, "e-GlobusNet", to penetrate the Chinese market. China has shown a willingness to conduct international trade via electronic B2B commerce by providing foreign importers with access to over 18,000 Chinese companies through the portal, ChinaTradeWorld.com. In contrast, e-GlobusNet will process both exports from Chinese companies and imports into China by U.S. and Russian companies simultaneously in Chinese, English, and Russian languages. Yury Greene, 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. , states `we are in the process to implement the Chinese version of "e-GlobusNet". Soon thereafter, we expect to add Spanish, French, Turkish, and other Slavonic languages. We envision particularly strong trade between Turkey, Russia and the Balkan states over the next year because of increased investments from the European Bank for Reconstruction and Development European Bank for Reconstruction and Development Bank targeted at Eastern Europe and the former Soviet Union. to Russia and the Balkan states." Globus International Resources Corp. is a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. based, full service importer/exporter of products and services of companies in the U.S., Europe, Russia, Ukraine, and South America. This news release contains forward-looking statements, which are based largely on the Company's expectations and are subject to a number of risks and uncertainties, certain of which are beyond the Company's control. Actual results could vary materially from these expected results due to a variety of factors, including the uncertainties of further studies and product development. The Company undertakes no obligation to release publicly the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated events. |
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