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President's Letter to VoxBox World Telecom, Inc. Shareholders and Other Members20 July 2005
President's Letter to VoxBox World Telecom, Inc. Shareholders and Other Members of the Investment Community: VoxBox World Telecom, Inc. (OTC: VXBX) The following is a statement issued by Romeo (Ray) Prescott, President and CEO of VoxBox World Telecom, Inc.
Dear Shareholders and Other Members of the Investment Community:
I am pleased that the corporate circumstances of VoxBox World Telecom, Inc,
formerly Global Bancorp Inc., now make it relevant and timely for me to
write this President's Letter to you -- our second such contact. The
company has made several corporate and strategic business changes in the
past few weeks and the relevancy and timeliness of this release stems from
the progress that VoxBox has made over the past six months. The primary
reason for the change in business strategy and renaming of the company was
to provide the investment community and shareholders a better opportunity
to realize significant gain in their investment, the former strategy was
fine, however the companies previous multiple business unit strategy was
never embraced by the investment community, causing us to review and making
the decision to convert the company into a VoIP company with a twist. The
twist is we are not just another VoIP company; we are the next generation
telecom/cable company. Thus, my primary reason for this letter is to
properly communicate the changes to our shareholders and the investment
community.
VoxBox World Telecom, Inc. formerly Global Bancorp Inc., is incorporated in
Nevada (U.S.), and has its corporate office in Vancouver, British Columbia,
Canada. VoxBox's corporate objective is to become a leader in the delivery
of digital media technologies to the home and small medium enterprise
(SME's) markets, We will offer our customers Voice Over Internet Protocol
(VoIP), Video on Demand and through the company's relationship with
Lifestyle America and Lifestyle Canada, a smart card bank platform for
future integrated commerce and e-commerce applications.
VoxBox World Telecom is built on the assumption that the management of
information technology for home and business is like legal advice,
accounting, graphic arts, and other bodies of knowledge, in that it is not
inherently a do-it-yourself prospect. Smart business people who aren't
computer hobbyists need to find quality vendors of reliable hardware,
software, service, and support. They need to use these quality vendors as
they use their other professional service suppliers, as trusted allies.
VoxBox intends to be a provider of such services, from the delivery of
Voice over IP (VoxBox) technology, to home networking solutions and
computer services for home and small office. VoxBox Telecom seeks to
fulfill these needs and become the leader in the next generation Telecom
business of home & SME information technology requirements in North America
and through out the world.
VoxBox will provide both new emerging business products, such as VOIP and
Mobile VoIP, Wireless LAN & computer products and services making them
useful to both homeowners and small businesses. We are especially focused
on next generation IP telephony and providing network systems and services
to small and medium business. The systems include both PC-based LAN systems
and minicomputer server-based systems. Our services will include design and
installation of such systems, training, and support.
VoxBox World telecom Inc. has approximately 298,799,590 shares outstanding.
These are publicly traded on the Over-the-Counter Pink Sheets market in the
U.S. under the symbol VxBx. The vast majority of shares are held by the
corporation's founders so the share float is presently low, which has
limited market-making activities by OTC broker/dealers. VoxBox shares
currently sell near $0.01 per share and have traded within approximately
the $0.90-$0.05 range over the past year. As VoxBox presumably grows in
revenues, assets, and other financial measures, it is our plan to develop
eligibility to seek listing on the NASDAQ market. This would help broaden
investor awareness of VoxBox and increase the liquidity/marketability in
the trading of its shares.
The company will derive revenue from several sources such as our Dealership
Partner Program, which has generated considerable interest and we hope to
make some agreements in this area in the near future. Also, the company is
in discussions with several Affinity groups that have expressed interest in
offering VoxBox to their member organizations. In addition the company
directly markets to the end user through various direct marketing
strategies. The company is in discussions with potential partners that will
enable the deployment of the company's proposed Mobile VoIP solution, it
this product offering that will provide the company with a competitive
advantage in the very near future.
We believe our vision is laden with high profit potential for VoxBox and
its shareholders; but vision alone is not enough. We recognize the
importance of management, the company is currently focusing on building our
management team and hopes to make announcements regarding some key
management appointments by early to late fall. We have currently completed
all our technology trials and have signed all of our trial clients as
customers. We are currently a reseller of VoIP services through our partner
AEBC limited, we have completed our trial deployment and we are in
discussions to acquire our own VoIP platform, which will allow our pricing
strategy to work for the Dealership program and provide greater
profitability to the company.
Other attractive initiatives are also on our drawing board for later time
frames. Most importantly, I think VoxBox has created a superior
combination of integrated technologies and an insightful business plan. I
look forward to guiding these winning attributes to successful and
profitable fruition for VoxBox over the next few years.
Respectfully,
Romeo (Ray) Prescott, CEO
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:
VoxBox World Telcom, Inc.
Romeo (Ray) Prescott
604-288-8292
SOURCE: ; ;VoxBox World Telecom, Inc.
Source: Marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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