Global Triad, Inc. Announces Initial $500,000.00 Funding Commitment
Global Triad, Inc. Announces Initial $500,000.00 Funding Commitment FORT LAUDERDALE, Fla., Jan. 27 /PRNewswire-FirstCall/ -- Global Triad, Inc. (Symbol: GTRD), traded on the Over The Counter Pink Sheets, announced today that Stone Financial Group, Inc., a Minnesota Corporation, will provide an initial funding of $500,000.00. After an extensive due-diligence process over the past few weeks and a review of the Company's business strategy and technology, Stone Financial Group is committed to provide additional financing packages that will facilitate Global's plans for growth over the next few years. Nick Morf, Chief Executive Officer of Global Triad, stated, "We are pleased to have the support of Stone Financial Group." Mr. Morf also stated, "The timing is perfect for our Company with the growth we will be experiencing over the next few months. Global is aggressively negotiating with three very promising acquisitions, and we expect to announce the completion of the first acquisition within a week." About Global Triad Global Triad Incorporated (GTI) is a holding company with 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., (GWPI), and Global Telecommunications, 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 GWPI 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 Telecommunications, 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. 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 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. are not a guarantee of future performance. This news release includes forward-looking statements, 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. For Investor Relations information, Contact: Harrison, Elliott, & Brown LLC Henry Harrison (407) 862-5151 hharrison@insidewallstreet.comhttp://www.insidewallstreet.com/ Worldwide Financial Marketing, Inc. 954-360-9998 info@wwfinancial.com Company web site: http://www.globaltriad.net/ Source: Global Triad, Inc. CONTACT: Henry Harrison, Harrison, Elliott, & Brown LLC, +1-407-862-5151, or, hharrison@insidewallstreet.com ; or Worldwide Financial Marketing, Inc., +1-954-360-9998, or info@wwfinancial.com , both for Global Triad, Inc. Web site: http://www.globaltriad.net/ http://www.globaltvusa.tv/ http://www.gwtv.tv/ ------- Profile: International Entertainment
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