GBMI Announces Corporate Update
Tuesday March 16, 11:14 am ET
LONGWOOD, Fla.--(BUSINESS WIRE)--March 16, 2004--Global Business Markets, Inc. (OTCBB:GBMI - News) today announced that the Company has initiated due diligence efforts to locate and secure the funding that will enable the Company to move forward with its business plan.
The Company is putting forth efforts to identify and form a working relationship with a firm that specializes in providing financial advisory services to publicly traded companies. Such a firm will assist the Company in efforts to raise capital for the Company. The Company is seeking to secure equity financing to provide the Company with the capital required to fund the Company's growth strategies.
Edward Miers, President/CEO of Global Business Markets, Inc., stated, "I am very pleased that the Company is making progress in its due diligence efforts to locate potential equity financing opportunities. This is one additional important step toward achieving the business development goals of the Company."
World Market Share Reporter stated that the United States ranks as the largest musical products market with a size of an estimated $6.7 billion (source Music Trades, December 2000). Additionally, U.S. Market Trends and Forecasts reported, "The compound annual growth rate of the USA musical instruments market over the period 2000-2005 is predicted to be 5.3%."
Global Business Markets, Inc. wishes to capitalize upon the size of the musical products industry and the projected growth rates for the industry. The Company believes that it can design, develop and produce a quality line of custom handmade and mass-produced electric and acoustic guitars, amplifiers and accessories to capture a portion of the sizeable musical products marketplace.
About Global Business Markets, Inc.
Global Business Markets, Inc. is a development stage company focusing on design and manufacture of custom handmade and mass-produced electric and acoustic guitars, amplifiers and accessories. For more information, please contact Edward Miers, Chief Executive Officer, 3859 Wekiva Springs Road, Suite 302, Longwood, Florida 32779, phone 260-312-6789.
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete joint venture relationships, the Company's access to future capital, the Company's ability to consummate and complete acquisitions, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company's public announcements.
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Contact:
Global Business Markets, Inc., Longwood
Edward Miers, 260-312-6789
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Source: Global Business Markets, Inc.
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