| Business Summary | | Global
TeleMedia
International
Inc.
has
executed
a
share
exchange
agreement
with
Bentley
House
Furniture
Company
Inc.
(BHFC).
BHFC
operating
as
a
wholly
owned
subsidiary
will
allow
the
Company
to
have
a
manufacturing
base,
whereby
furniture
and
wood
products
can
be
manufactured
for
the
housing
and
resort
industries.
Management's
plans
are
to
reinvest
any
profits
from
this
line
of
business
to
further
reduce
its
debt
and
fund
new
operations
in
the
telecommunications
arena. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GLTI
is
engaged
in
the
construction
of
furniture,
wood
products
and
homes
in
the
Philippines,
as
well
as
e-commerce
and
Web-based
services
and
products.
For
the
fiscal
year
ended
12/31/00,
revenues
totaled
$1.9
million,
up
from
$594
thousand.
Net
loss
before
extraordinary
item
totaled
$16
million,
up
from
$4.3
million.
Results
reflect
higher
telecommunication
and
internet
operation
revenue
in
Australia
and
the
Pacific
Rim,
offset
by
higher
merger-related
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Jonathon Bentley-Stevens, 45 Chairman,
Pres, CEO | $170K | David Tang, 40 CFO | -- | John Walsh, 56 COO,
Director | -- | Regina Peralta, 39 Exec.
VP, Director | 165K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|