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Global Triad, Inc. Announces Newly Formed Wholly Owned Subsidiary, Global Compress Tech, Inc.

Proof of Concept Demonstration Scheduled December 9th

GLOBAL TRIAD, INC. , traded on the Over The Counter Pink Sheets, announced today the formation of their newly formed wholly owned subsidiary, Global Compress Tech, Inc., (GCTI). GCTI, a Florida-based corporation, was formed to operate all of Global Triad's compression based applications as it pertains to telecommunications, video on demand (VOD), and VoIP products, as well as manage the sales, marketing, and customer support. The establishment of GCTI is in line with the company's business strategy to have an operating division for each of Global Triad's technologies.

Global Triad previously announced on May 25th that Global has acquired the worldwide rights to this revolutionary Voice over Internet Protocol compression technology from ComPress, Inc., an Ohio-based company. This new compression technology will increase standard voice capacity by as much as six to eight times with little or no additional infrastructure expense for the multi billion-dollar telecommunications industry. The technology reduces the existing requirement from 8 plus kbps to 1.2 to 2.4kbps, all without packet loss.

Global additionally announced that the proof of concept demonstration is scheduled for December the 9th for the VoIP application. Upon successful demonstration, Global will immediately begin the development of the software that will make the underlying algorithm compatible with Cisco, Quintum, and Lucent VoIP network enterprise equipment. Estimated time for this phase of development will be 60 to 90 days.

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 three subsidiaries, Global TV, Inc., (GTV), Global WiFi Plus, Inc., (GWPI), and Global Telecommunications, Inc., all Florida Corporations. The primary business of GTV is the aggregation and delivery of a wholesale, end-to-end wireless digital communications system and TV Production utilizing both Internet Protocols (IP) and proprietary digital devices. The primary business of GWPI is the installation, operations, and customer support of Global's next generation 802.11 "WiFi Plus" wireless high-speed broadband technology. The primary business of Global Telecommunications, Inc. is to manage the sales, marketing, and support of GTI's telecommunications and VoiP products. 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.

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.


Tags: ,Computers and Software:Hardware, ComputersandSoftware:Internet, ComputersandSoftware:Networking, ComputersandSoftware:Peripherals, ComputersandSoftware:Software, Telecom:CableandSatelliteServices, Telecom:Networking, Telecom:TelecommunicationEquipment, Telecom:TelecommunicationServices, Telecom:Wireless, ,INTHPINK,FL,FT. LAUDERDALE, FL
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