SOURCE: Global Triad, Inc.

September 01, 2005 08:30 ET

Global Triad, Inc. Signs Letter of Commitment to Purchase the Assets of Broadband Oasis

FORT LAUDERDALE, FL -- (MARKET WIRE) -- September 1, 2005 -- Global Triad, Inc. (OTC: GTRD), a publicly traded company currently on the over the counter, announced today Global Triad, Inc. signed a commitment letter to purchase the assets of Broadband Oasis with the intention to merge the companies' existing infrastructure and customer base within Global Wifi Plus, Inc.

"This is a great opportunity for Global WiFi Plus, Inc. as well as for our respective customers and employees," says Antonio Mellone, Pres. of Global Triad, Inc. "This latest move follows Global Triad's July purchase of and the August LOI of Anywhere Internet; Global plans to be a leader in the Internet based as a services provider, and further demonstrates Global Triad's ongoing commitment to expand acquisitions to increase our customer base and provide more customers a full range of Internet-related solutions."

Under the terms of the asset purchase agreement, Global Triad will by the end of the week acquire and assume all of the Florida operations of Broadband Oasis, which includes over 45 plus existing hotspot locations throughout Florida from Jacksonville to Palm Beach county. Each location is retro fitted with wireless broadband antennas that currently offer customers wireless services throughout a major restaurant chain soon to be announced. In addition as stated before, Global WiFi Plus will further enhance its presence in the wireless LAN, point-to-multipoint and point-to-point wireless markets in Florida and will continue and continue growth across the United States with its content development pipeline to address opportunities in the WiMAX and wireless mesh markets.

Safe Harbor Provision

Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities 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.

Contact Information