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| [August 20, 2004] |
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Global Bancorp, Inc. Signs VoIP Reseller Agreement with AEBC Internet Corp.
VANCOUVER, British Columbia --(Business Wire)-- Aug. 20, 2004 -- Global Bancorp, Inc. (OTCBB:GBBI) announced today it has signed an agreement with AEBC Internet Corp (AEBC) to provide Global with VoIP (Voice over the Internet Protocol) technology for the deployment of our myvoxbox.com VoIP telephone service in Canada and the US. AEBC has been developing and testing its VoIP technology for the last year and will provide Global Bancorp with back office billing and customer authorization and authentication as well as VoIP devices for customers.
Global Bancorp (Global or the Company) is incorporated in Nevada, was formerly Kismet Energy Corporation, and has its corporate office in Vancouver, British Columbia. Global's corporate objective is to become a leader in integrating advanced digital media technologies including Video on Demand, Voice Over Internet (VoIP), and a smart card bank platform for future integrated commerce and e-commerce applications such as Web-Enabled ATMs (personal banking in the home).
AEBC Internet Corp., a private corporation located in Richmond, British Columbia, is a facilities-based Application Service Provider (ASP). AEBC's lines of business include: VoIP technology, Broadband connectivity, co-location services, and Wifi Hotspots.
Romeo (Ray) Prescott, Founder/President/CEO of Global, said: "AEBC has an impressive record in the design and deployment of advancing telecom technology. We have chosen to partner with AEBC because of its technical acumen and proven VoIP capabilities. This strategic relationship will enable Global Bancorp to launch the Company's branded VoxBox VoIP solution on a proven platform, permitting Global to focus its resources on customer acquisition and market penetration as we expand our VoIP network, globally."
Global Bancorp's mission is to be a direct and active investor in emerging digital media technologies that meet its investment criteria. These criteria include:
-- An ability to acquire control.
-- An innovative and proprietary product.
-- A business plan showing potential for market dominance and extraordinary cash flow.
-- No geographical limitation to development.
-- Successful management in place with a commitment for the longterm.
This release contains forward-looking statements that involve risks and uncertainties. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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