Global Triad, Inc. Announces Completion of Merger With Wireless Broadband Access, Inc29 January 2005
Global Triad, Inc. (Symbol: GTRD), traded on the Over The Counter Pink Sheets, announced today that they have completed the Merger with Wireless Broadband Access, Inc. operating out of Michigan, Montana and California.
On January 18, 2005 Wireless Broadband Access, Inc., (WBBA), finalized its merger into Global WiFi Plus, Inc., a wholly owned subsidiary of Global Triad, Inc. John Payne, formerly the President of WBBA has become Global WiFi Plus, Inc.'s, new CEO. Jim Payne, formerly the Vice President of WBBA has become the Executive Vice President and Don Reyes, formerly the VP of WBBA's West Coast Division has become the Vice Pres of Marketing and Sales. As previously announced in the December 9th, 2004 press release, the Payne brothers and their professional technical team are now taking over the day-to-day operations of Global WiFi Plus, Inc.
Nick Morf, Chief Executive Officer of Global Triad stated, "We are confident that the new officers and technical team of Global WiFi Plus will proceed aggressively to create new revenues for the company." Mr. Morf continues by saying, "This team has been working together for 4 years providing new wireless broadband technology business concepts for other companies as well as their own. They will now focus their expertise in the WiFi arena to the advantage of Global WiFi Plus, Inc."
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 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 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 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. 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. is 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.com
http://www.insidewallstreet.com
Company web site:
http://www.globaltriad.net
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Source: Global Triad Incorporated
Source: PR Newswire via Yahoo
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