Global Escience (CE) (USOTC:GSNC)
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Global eScience Continues to Invest in Communication Services
CARSON CITY, Nev., June 28 /PRNewswire-FirstCall/ -- Global eScience, a
communications provider, and its Board of Directors announced today that they
are investing $500,000 for capital expansion of its communications network to
provide a suite of residential and business class VoIP services. The current
sales pipeline projects additional revenues of $20-$30 million within the first
year of deployment.
Virgil Hentz, Chairman and CEO states, "The timing couldn't be better for
investing in communications. Never have we seen such a mass migration of
consumers and businesses moving away from conventional telephony providers.
VoIP is becoming the voice of choice."
Industry analysts state that the US residential telecom voice/data market is a
$130 billion business serving over 100 million households. Wireline and
wireless voice services make up over 80% of the market. Wireline voice
services are shrinking rapidly for traditional carriers due to competitive
pressures from data and wireless voice providers. Nearly 50% of Americans
utilizing traditional carriers stated that they would consider buying Telephony
services from non-conventional providers. Consumers have a choice and they are
choosing alternative sources for voice services.
Global eScience has positioned itself very well with its recent acquisitions of
Cierra Communications, a VoIP service provider, and Telespace Net Inc., a
wireless ISP, to capture a percentage of the ever growing VoIP market. By
investing heavily now, Global eScience will ensure a positive growth pattern.
Company Profile:
Global eScience provides voice, video and data services through VoIP, Wireless
and media content applications. Daily bid and asked prices are available at
http://www.pinksheets.com/, (OTC:GSNC). For additional information on Global
eScience please contact us at http://www.globalescience.com/ .
Statements in this news release about anticipated or expected future revenue or
growth or expressions of future goals or objectives are forward- looking
statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. All forward-looking statements in this release are based upon
information available to Global on the date of this release. Any
forward-looking statements involve risks and uncertainties that could cause
actual events or results to differ materially from the events or results
described in the forward-looking statements, whether as a result of new
information, future events or otherwise. Readers are cautioned not to place
undue reliance on these forward-looking statements.
DATASOURCE: Global eScience
CONTACT: Virgil Hentz, Chairman and CEO of Global eScience,
+1-952-888-7280
Web site: http://www.globalescience.com/