Global Triad, Inc. Signs Letter of Commitment to Purchase the Assets of Anywhere Internet31 August 2005
Global Triad, Inc. (OTC: GTRD), a publicly traded company currently on the over the counter, announced today Global Triad, Inc. signed a commitment letter to purchase the assets of Anywhere Internet with the intention to merge the company's existing infrastructure and customer base within Global Wifi Plus, Inc.
"This is a great opportunity for Anywhere Internet as well as for our respective customers and employees," says Robert Friskney, COO of Global WiFi Plus, Inc., and further states, "This latest move follows Global Triad's July purchase of Snappy E-Mail and the August purchase of Wirestation.com, a leader in Internet-based kiosks and billpay services, and further demonstrates Global Triad's ongoing commitment to expand and provide more customers a full range of Internet-related solutions." Both the previous Wirestation.com and Snappy E-mail acquisitions affirm Global Triad's commitment to promoting and providing content to customers via wireless connections.
Under the terms of the asset purchase agreement, Global Triad will acquire and assume all of the Florida operations of Anywhere Internet which includes existing 20 plus antennas that currently offer customers wireless services in Miami, Lauderdale Lakes, Sunrise, Oakland Park and other areas west of I-95. In addition, Global WiFi Plus will further enhance its presence in the wireless LAN, point-to-multipoint and point-to-point wireless markets in Florida and will continue its content development pipeline to address opportunities in the WiMAX and wireless mesh markets. The parties anticipate continuing to drive the Global WiFi Plus brands and are committed to a seamless transition that avoids disruption to Anywhere Internet's customers and suppliers.
Safe Harbor Provision
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Reform Act of 1995. Forward-looking statements made by Global Triad, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Global Triad and Global TV, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
Contact:
For more information, contact:
Global Triad, Inc.
A. Mellone
(954) 561-7321
For Investor Relations information, contact:
Harrison, Elliott, & Brown LLC
Henry Harrison
(407) 862-5151
Email Contact
http://www.insidewallstreet.com
Worldwide Financial Marketing, Inc.
(954) 360-9998
Email Contact
http://www.wwfinancial.com
Company web site:
http://www.globaltriad.net
Robert Friskney
Chief Operating Officer
Global WiFi Plus, Inc.
3101 N Federal Hwy, Ste. 500
Fort Lauderdale, FL 33306
954-561-7321
954-561-2250
Source: Market Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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