Global Triad, Inc. Announces Newly Formed Wholly Owned Subsidiary, Global WiFi Plus, Inc.
FT. LAUDERDALE, FL -- 10/22/2004 -- GLOBAL TRIAD, INC. (OTC: GTRD), traded on the Over The Counter Pink Sheets, announced today that their newly formed wholly owned subsidiary, Global WiFi Plus, Inc., has signed its first contract to provide next generation wireless broadband technology to Ocean Manor Hotel and Condo Resort located in Ft. Lauderdale, Florida. The contract states that Global WiFi Plus will install the necessary equipment to allow Ocean Manor’s customers and personnel access to wireless high speed broadband services anywhere on the hotel premises and out to sea up to ten (10) miles for those customers using boats or yachts. Installation of antenna and wireless equipment is expected to be complete within one week.
Mr. Anthony Mellone Jr., Executive Vice President of Global Triad stated, “Global WiFi Plus, Inc., was formed as a subsidiary to handle the day-to-day operations, installation, and customer support for all of Global Triad’s wireless technologies.” Mr. Mellone continues by saying, “The Florida coastline is prime for our wireless technology and we have had many requests from the hospitality and yachting industry to provide this kind of service.”
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.
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.
- Contact Information
- A. Mellone
- Global Triad, Inc.
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.