Published:
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.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
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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