| Business Summary | | Globetech
Ventures
Corp.,
in
December
2000,
launched
TranslationWave.com,
a
Website
offering
real-time,
global
translation
of
16
language
pairs.
Previously,
the
Company
operated
as
a
natural
resource
company
with
exploration,
development
and
refining
interests
in
Canada,
South
Africa
and
Zambia
until
all
operations
were
suspended
due
to
cash
flow
problems.
TranslationWave
is
a
translation
application
service
provider
(ASP)
that
converts
the
Internet
into
a
universal
platform
of
communication.
This
is
done
through
three
key
products
that
are
offered
by
TranslationWave:
Website
translation,
e-mail
translation
and
a
universal
translation
icon
(Interprenet).
The
first
two
products
are
created
specifically
for
existing
Websites
to
upgrade
their
current
capabilities.
The
third
product,
which
is
set
to
launch
in
the
second
quarter
of
2001,
is
for
individuals
who
surf
the
Internet.
Interprenet
allows
for
surfers
to
translate
any
page
they
are
on
to
their
desired
language. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Globetech
Ventures
Corp.,
in
December
2000,
launched
TranslationWave.com,
a
Website
offering
real-time,
global
translation
of
16
language
pairs.
Previously,
the
Company
was
a
natural
resources
company.
For
the
six
months
ended
3/31/01,
the
Company
reports
no
revenues.
Net
loss
increased
33%
to
C$247
thousand.
Revenues
reflect
the
discontinuance
of
processing
operations.
Higher
loss
reflects
the
inclusion
of
advertising
and
travel
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Dilbagh Gujral | Pres,
CEO | Glenn Garland | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|