SOURCE: Global Bancorp Inc.

June 24, 2005 16:05 ET

Global Bancorp Inc. Announces the Company Has Received Shareholder and Board of Director's Approval to Change the Company Name to VoxBox World Telecom, Inc. and to Issue a Forward Split of the

Company's Stock on a 10 - 1 Basis Effective July 06, 2005

VANCOUVER, BC -- (MARKET WIRE) -- June 24, 2005 -- Global Bancorp Inc. (OTC: GBBI) today proudly announced that it has received shareholder and Board approval to change the company name to VoxBox World Telecom, Inc. and to issue a forward split of the company's common stock on a 10 - 1 basis. These approvals will be effective on or about July 06, 2005.

All shareholders who own shares of Global Bancorp Inc. as of close of business on July 5, 2005, will be entitled to the forward split.

Global Bancorp (Global or the Company) is incorporated in Nevada, and has its corporate office in Vancouver, British Columbia. Global's corporate objective is to become a leader in advanced digital media technologies including Video on Demand, Voice Over Internet (VoIP), and a smart card bank platform for future integrated commerce and eCommerce applications such as Web-Enabled ATMs (personal banking in the home).

This release contains forward-looking statements that involve risks and uncertainties. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors. This announcement does not constitute an offer to sell or the solicitation of offers to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Contact Information

  • Contact Information
    Global Bancorp Inc.
    Phone: 1 604 288 8292