Global Triad Forms Strategic Alliance With MobilePro Corp.
Market Wire, September, 2004
Global Triad, Inc. (OTC: GTRD) announced today the company has formed a strategic alliance with MobilePro Corp, a wireless technology and broadband telecommunications company based in Bethesda, MD with operations in Hurst, Houston, Dallas and Beaumont TX, Coshocton, OH, Kansas City, KS, Janesville, WI, Detroit, MI, Shreveport, LA and Tucson, Arizona. Pursuant to the arrangement, the companies will look to jointly pursue select wireless projects and work together utilizing Global Triad's compression software and wireless technologies.
Jay Wright, MobilePro president and CEO, said, "Global Triad has a compression software that we believe could potentially radically alter the telecom landscape by effectively enabling ordinary phone lines with the equivalent power as some broadband links. Once ported to our platform, we anticipate testing and evaluating the software with select MobilePro customers and, if successful, rolling it out nationwide in 2005."
Anthony Mellone, Global Triad executive vice president, said, "MobilePro's strategy of utilizing next generation technologies such as VoIP, compression software, and our WiFi Plus on a national scale to deliver a complete menu of broadband telecom services to its customers fits perfectly with the technologies and strategies which Global Triad has been pursuing. We look forward to working with Jay and his team in the months to come and building a long, successful partnership."
About Global Triad
Global Triad Incorporated (GTI) is a holding company with headquarters in Ft. Lauderdale, Florida. It is the Company's intent to become a leading force in the digital communications sector through a combination of organic growth and mergers or acquisitions of complementary businesses. At this time, GTI owns and operates one subsidiary, Global TV, Inc., (GTV) a Florida Corporation. The primary business of GTV is the aggregation and delivery of a wholesale, end-to-end wireless digital communications system utilizing both Internet Protocols (IP) and proprietary digital devices. The company will offer over wireless high-speed networks a "Triple Play" consisting of Voice over Internet telephony (VoIP), high-speed Internet data delivery and true Video-On-Demand (VOD). Both the Internet and VOD will be accessible through the consumer's television. The VOD content will appear at 30 frames-per-second, the industry standard for television. Global Triad recently announced the acquisition and worldwide rights to a proprietary compression technology that will significantly reduce the cost of bandwidth required for VoIP.
About MobilePro Corp.
MobilePro Corp. is a wireless technology and broadband telecommunications company based in Bethesda, MD with operations in Hurst, Houston, Dallas and Beaumont TX, Coshocton, OH, Kansas City, KS, Janesville, WI, Detroit, MI, Shreveport, LA and Tucson, Arizona. The company is focused on creating shareholder value by developing innovative wireless technologies, acquiring and growing profitable broadband telecommunications companies and forging strategic alliances with well positioned companies in complementary product lines and industries. MobilePro has announced closed deals, definitive agreements and pending letters of intent with cumulative expected 2005 calendar revenue of more than $137 million.
An investment profile about MobilePro Corp. may be found online at www.hawkassociates.com/mobilepro/profile.htm.
For more information, contact MobilePro CEO, Jay Wright at (301) 315-9040. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: info@hawkassociates.com. Detailed information about MobilePro can be found on the website www.mobileprocorp.com. An online investor kit including copies of MobilePro press releases, current price quotes, stock charts and other valuable information for investors may be found on the website www.hawkassociates.com.
SAFE HARBOR
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. is 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.
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