Global TeleMedia International Inc. announces acquisition of Finish Line Collectibles Inc

Business Wire, Nov 20, 1996

ATLANTA--(BUSINESS WIRE)--Nov. 20, 1996--Global TeleMedia International Inc. (NASDAQ BB:GTMI) announced Wednesday that it has completed the asset purchase of Finish Line Collectibles Inc.

Since 1993, Finish Line, with corporate offices located in Ponte Vedra, Fla. has produced and distributed prepaid telephone cards depicting the licensed marks of the leading personalities in NASCAR Winston Cup Racing.

With gross revenues exceeding $2 million in 1995, Finish Line will have a positive impact on GTMI's prepaid phone card business. In the future, Finish Line cards will feature the enhanced services only available through GTMI's proprietary state-of-the-art enhanced services platform. Additionally, the Finish Line product line offers an added collectible feature to the Enhanced Services Program of Vision 21 Inc., GTMI's network marketing subsidiary.

Roderick A. McClain, GTMI's chairman and chief executive officer, stated: "The Finish Line brand name is well recognized and respected in the prepaid telephone card industry, and the licensed collectible phone card products issued by Finish Line fit perfectly into our marketing plans. Additionally, the Finish Line products will benefit from Vision 21's Enhanced Service Program, which has literally exploded in its first 10 days. The Vision 21 Enhanced Services Program offers numerous prepaid and collectible prepaid telephone cards through its nationwide independent agency network."

Art West, president and chief executive officer of Finish Line, said: "The relationship with GTMI will provide the equipment necessary for the development of additional brand name products and increased license base. This will greatly enhance our leadership position in the industry."

CONTACT: Global TeleMedia International Inc., Atlanta

Melissa Hart, Corporate Secretary

770/667-6088