GTEL: Any interest here? At bottom. S-8 completed. And I found this product mentioned in their last quarterly interesting:
We have recently begun distribution of our new product called "The Magic Money
Card(R)." The Magic Money Card(R), in addition to being a prepaid calling card,
is also a debit card/stored value card offering services that will include
prepaid calling and added financial services such as domestic and foreign money
remittances that will allow the user to shop in places that accept MasterCard
and Maestro Debit/Credit Cards. Our associate in this venture is a company
called Grupo Ingedigit, a certified MasterCard services provider, through its
subsidiary in the U.S., AmericasCom International, Inc. As part of the
agreement, we will be connecting our network with Grupo Ingedigit's network,
valued at over $5 million and in return, the group will be able to tap into our
current market, starting with the Mexico and Brazil markets. We have been
negotiating with several companies who want to avail of this service, and we
believe that we will be able to generate considerable revenues from this product
once we have fully setup with all our networks. We have receivables from our
Mexico and Brazil customers which we are allowing them to utilize to help set up
the Magic Money Card(R) program in their respective countries. We expect that
our contributions to the rollout of the networks in Mexico and Brazil will not
exceed $350,000.