KAMLOOPS, British Columbia , Sept. 16, 2004 (PRIMEZONE) -- Global Explorations, Inc. (Pink Sheets:GXXL) should have positive cash flow for the third quarter ending in September 2004.
Global is on track to declare a small operating profit from its SMS Text Messaging Operations. This is a strategic turning point for the company and was achieved primarily from a single revenue stream (press release distribution services).
For the fourth quarter, Global will be initiating the following additional revenue streams:
-- MMS (Full Motion Video Clip) Advertising Services -- Ring Tones, Wallpaper & Video Game Downloads -- Paid Security Alerts Service on 911Sms.com -- Subscription based Live Sports Scores Updates -- Introduction of Banner Advertising
We have achieved profitability from a single revenue stream. Once these additional revenue streams are implemented, we should see an exponential growth in revenue and profit.
The company has also aggressively cut costs and overhead expenditures during the last quarter. For example, the company's offices have shifted to Canada, due to the lower costs of operations.
Additional details shall be made available shortly
About Global Explorations, Inc.
Global Explorations, in association with MillenniumSMS (http://www.MillenniumSms.com), develops SMS software for consumers and businesses. The company is in the process of building a worldwide database of cell phone numbers which can be used as a marketing vehicle.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.