SOURCE: Global Triad, Inc.

June 09, 2005 09:28 ET

Global Triad, Inc. Announces $8 Million 24-Month Usage Agreement With Payless Communication Holdings, Inc.

Agreement Will Provide Wireless DSL and VoIP Services to the Communities of South Florida

FT. LAUDERDALE, FL -- (MARKET WIRE) -- June 9, 2005 -- GLOBAL TRIAD, INC. (OTC: GTRD), traded on the Over The Counter Pink Sheets, announced today that it has entered into a 24-month Usage Agreement with PAYLESS COMMUNICATION HOLDINGS, INC., a South Florida-based Public Company traded under the symbol (OTC: PCNH), that has an estimated value of $8 million over the term of the agreement.

Under the terms of this Usage Agreement, Global Triad will provide to Payless Communications Holdings, a CLEC (Competitive Local Exchange Carrier) operating in 39-states, its next-generation high-speed broadband wireless network, and network services, that covers the territory of Delray Beach, Florida, to Aventura, Florida. Payless Communications is looking to deploy and sell various wireless communication services that include wireless DSL and wireless handset-based VoIP phone services utilizing Global's wireless carrier, engineering and support services. The actual terms of the contract remain undisclosed.

Mr. Anthony Mellone Jr., Executive Vice President of Global Triad, stated, "With this agreement under our belts and a good carrier such as Payless leading the charge, our goals of providing a complete menu of wireless products is closer at hand. We feel that this is just the beginning of a very fruitful and long-term relationship with Payless."

Mr. Ricardo J. Canal, CEO of PAYLESS, said, "We are very excited to enter into this agreement for wireless services with GLOBAL TRIAD so that we may bring our customers the next generation in communications and internet services."

About Payless Communication Holdings, Inc.

Payless Communication Holdings, Inc. (PCH), trading on the Over The Counter Pink Sheets under the symbol PCNH, is a holding company with its headquarters in Hallandale Beach, Florida. Payless Communication Holdings, Inc. offers telephone services. The Company offers basic telephone, DSL, dial-up Internet, and Internet Protocol telephone services to residential and business customers. Payless focuses on ethnic customers with family and friends overseas.

About Global Triad

Global Triad Incorporated (GTI), trading on the Over The Counter Pink Sheets under the symbol GTRD, is a holding company with its 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. (GWP), and Global Telco, 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 GWP 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 Telco, 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.

Safe Harbor

Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Global Triad, Inc. are 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.

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