Global 1 Announces Investors Update and Financial Initiatives Implementation.
Dividend Pay Date:
We are busy working on the details of the dividend pay date for our shareholders. We have in the planning stage another shareholder's enhancement initiative that we plan on unveiling as soon as the details are completed.
We have acquired a distressed real property in metro Atlanta, GA for our distressed portfolio. Currently the property is being marketed for sale. Our plan is to acquire other properties as soon as suitable opportunities are presented.
Our financial services arm has decided after due diligence on a number of opportunities to create a mortgage lending firm and to register a broker/dealer for the issuance of our securities and the securities of our portfolio companies. The registration process for the mortgage lending firm will begin as soon as the initial regulatory details are completed.
Global Financial Investment Opportunities:
In order to fund our projects on an efficient and certain basis, we are in the design stage of implementing a funding mechanism to access capital in a variety of currencies and markets, particularly the Yen, the Euro and other liquid currencies. Currently the Yen can be borrowed at 0.25% interest rate and converted into dollars for investment in our projects.
It is our plan to borrow $50,000,000 USD in Yen denominated convertible equity/debt via a Regulation S offering and invest the proceeds in GOIH as a trading vehicle. The mortgage lending firm and the broker/dealer will be capitalized with shares of our Reg. E funds and cash from the Reg. S offering. We are designing a financial instrument to hedge, i.e., eliminate, the currency risk as well as the credit risk associated with the borrowing and conversion.
We intend to issue the dividend to our shareholders as soon as the details are finalized and capitalize GOIH for significant growth during 2007.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on Global 1 behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control, See our financial statements for information on our business model.