Global 1 Provides Investors Update and Organization Plans
April 10, 2007 01:54 PM
ATLANTA--(BUSINESS WIRE)--Global 1 Investment Holdings Corp. (OTCBB: GOIHE), www.global1inc.com, we are in the process of completing our annual audit and will have the audit completed shortly. We have changed the certifying auditor and there was a slight delay in completing the audit. We will implement the business plan in stages over the next several months with the goal to have complete implementation during 2007.
Organizational Plans for 2007:
Once we complete the audit we will move rapidly to implement new financing plans and initiate the business plan we have previously announced. We have developed a financing mechanism that will allow us to raise capital rapidly any place in the world in any currency.
Our internal investment banking team has developed a credit default arbitrage instrument that allows us to raise large amounts of capital with minimum risk in any currency without currency fluctuations. Our entertainment tax credit fund will use this instrument to finance and distribute a slate of projects budgeted at up to $20 million USD.
New York Base of Operations:
We will shortly seek office space in Midtown Manhattan, New York to establish offices for our global investment funds management company. We will base our financing and investment banking operations in New York, NY.
Short Term Investors:
We have designed a share structure that will reward both the short term and long term investor. The share structure will be implemented by the registration of several new instruments and classes of stock where an investor will have a choice of investment strategy and horizon.
Real Estate Operations:
Our real estate operations have designed an instrument and method of operations to take advantage of the recent subprime mortgage industry meltdown. We have designed a method whereby builders that enter into our program will be assured financing for a portion of their inventory of new construction of homes in the starter category. Our ability to finance real estate by the use of our instruments, which we will seek a method patent on, will increase our ability to create superior returns on our equities.
Foreign Listings:
Once we initiate our plans, we will seek listings on several foreign exchanges of our new financial instruments which will allow us to raise capital in many local markets in currencies that have a favorable exchange rate for investment domestically in the USA.
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.
Contacts
Global 1 Holdings
Barry Thomas, 404-255-0400
Investor_Relations@mindspring.com
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