TORONTO, Oct. 21 /CNW/ - RCT Global Networks Inc (FRANKFURT: 3RC)
launched its first public share offering on Germany's Frankfurt Over the
Counter Market ("FSE OTC") on Tuesday, October 21, 2008. Trading opened at
(euro)1.200 (One Euro, Twenty Cents) per share under the symbol 3RC. The
listing broker is 886AG, Frankfurt, Germany.
In a storm of global economic turbulence, there is an island of
comparative serenity in Toronto. "We have the most recession resistant
business in Canada - installing phone, cable, Internet and security solutions
in the country's biggest market. Then we have the cream of the builders like
Tridel and all three major telecoms - Bell, Telus and Rogers as customers.
Finally Canada is the No. 1 economy of the G8 countries, no shaky bankers, no
sub-prime mortgages - and a solid government. What's not to like?" says Global
Networks Chairman and CEO Robert C. Tummonds.
It's ironic that the GTA's leading telecom supplier has to go offshore to
find funding," says Global Networks President Vic Griffin. "Canadian banks are
not lending and the TSX has listing criteria the needs Blue Chip status.
Canadian investors can buy through their existing brokers and follow our
progress on our website - www.globalnetworksont.com. Right now we have nine
new large buildings and are adding at the rate of about one per week."
"I'm the major shareholder and all my employees are shareholders as well.
I would expect our first stock buyers to be people who see our trucks on the
road every day hooking up buildings they know. There are hundreds of builders
in the GTA and the Golden Horseshoe and we are proud that our clients are the
cream of the crop. We're not the low cost supplier but our people don't leave
until all our customers' customers are happy. That buys them peace of mind -
and that's priceless, as they say," says Tummonds.
The Frankfurt Stock Exchange is the largest of the eight German stock
exchanges. It ranks third in the world behind NYSE and NASDAQ. It offers its
clients not only floor trading through brokers but also fully-electronic
trading facilities, whereby orders from any point in the globe are
automatically inputted into the order book on a central computer. For more
information, visit the Frankfurt Stock Exchange at http://deutsche-boerse.com.
This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, plans and timing for the introduction or enhancement of our products,
statements about future market conditions, supply and demand conditions, and
other expectations, intentions and plans contained in this press release that
are not historical fact. Our expectations regarding the prospect for future
success depend upon our ability to develop and installation of our cabling and
security products, which cannot be sold without further investment and
development. When used in this press release, the words "goal," "intend,"
"believes" and "potential" and similar expressions, generally identify
forward-looking statements. These statements reflect our current expectations.
They are subject to a number of risks and uncertainties.
For further information:
For further information: Investor Inquiries: Paul Murdoch, Investor
Relations, RCT Global Networks Inc., Phone: (416) 688-6314, Email:
email@example.com; Please visit: www.rctglobalnetworks.com