Global Telephone Trading Off Lows B: Global Telephone Trading Off Lows
Ridgeland, MS, OCT 30, 2001 (EventX/Knobias.com via COMTEX) -- Global Telephone Communication Inc. (OTCBB GTCI) is trading fractionally higher in the session at this time, on volume 459% greater than its 20-day average daily share volume. The company issued news yesterday, regarding a new relationship with Equitilink, LLC.to provide public relations and communications services, to manage shareholder communications and provide traditional investment banking services.
The company last filed with the SEC on October 9th, when the company submitted an S-8, registering 4,470,000 shares of its common stock.
Shares of the company are trading at a level higher than two of four moving averages, and higher than the first of four technical upside price resistance levels, as calculated by Knobias technical analysis. The stock has a 30-day closing price range of $0.040 to $0.080.
Global Telephone Communication, Inc. seeks and develops opportunities in the Information Technology, Telecommunications, and Internet Industries. To capitalize on its industry experience and relationships, the Company has been pursuing opportunities in Southeast Asia, with an emphasis on the People's Republic of China. GTCI owns Regent Luck Holdings Ltd. which has a 90% interest in a joint venture company, Shenzhen Global Net Computer Information Co. Ltd., which has an Exclusive Agency Agreement with Shenzhen Newsnet Co., Ltd., a wholly owned subsidiary of China Telecom. Newsnet is a subsidiary of China Telecom and is the biggest ISP in the city of Shenzhen with a subscriber base of over 60,000. The Company also owns 51% of Pacific Asset International Ltd. and 70% of Cyber 2000 Ltd.
Date/Time of Daily Brief: 10-30-2001 14:22 ET Company: GTCI - Global Telephone Communication Inc Stock Price @ Publication: $ 0.060 Volume @ Publication: 323,300
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