Replies to post #9 on Sinobull Financial Group (fka GTCI)

[myDDdotcom]

DUDLEY HOLDINGS LIMITED, CORONA INVESTMENTS INC, WESTEC VENTURE GROUP INC, , EFO HOLDINGS
http://www.efoholdings.com/

This made up the original western investors of GTCI. You can see why the attracted a lot of interest, and had deals with AT&T, and LCI's founder Brandenburg as their CEO fro a time... but the union of East and West here just didn't pan out. Sinobull is a much better strategic fit for GTCI's principals.


Global Telephone Communications Inc. -- GTCI -- Reached Settlement With Major Creditors
VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 1, 2001--Global Telephone Communications Inc. (OTCBB:GTCI - news), today announced that it has reached a settlement with 2 major creditors, JE Matthew and EFO Holdings, ( http://www.efoholdings.com/ ) to convert their loans into common shares of GTCI and into long-term notes.

The creditors have also agreed to forgive 50 percent of the outstanding balance.

Mr. Terry Wong, President and CEO, of GTCI said,`` I am happy with the settlement. This agreement will allow GTCI to have a clean balance sheet so we can concentrate on future development of the company. The increase in shareholders' value is our main focus.''


imho, Jerome