VANCOUVER, B.C., December 16, 2002 (PRIMEZONE) -- Globetech Ventures Corporation (OTCBB:GTVCF), the funding developer of TranslationWave.com, is pleased to announce TranslationWave.com has entered into an agreement with GreenBank Partners, a Washington-based marketing and consulting firm, to promote, market and sell its product TranslationWave.
Dil Gujral, President of Globetech Ventures, announced today that TranslationWave.com has entered into an Agreement with GreenBank Partners, a marketing and consulting firm based in Washington. GreenBank Partners will promote, market and sell the Company's flagship product, TranslationWave. Globetech Ventures is the funder and developer of this robust and broadly tested Java-based middleware product for the machine translation market.
TranslationWave provides a dependable and user-friendly layer of online services to server-based machine translation software, including simultaneously translated email, web page and document translation. The software also provides the capability for real-time multilingual chat, invaluable for customer service applications in the increasingly globalized marketplace.
TranslationWave is being introduced into the global online translation market after an extended period of beta testing at sites in Taiwan and Canada. A comprehensive marketing plan is being developed in close collaboration with the Company, with product launch scheduled for mid-January 2003. Sales campaigns will initially focus on online Customer Service applications, as well as Internet Service Providers and the Travel and Leisure market.
Dil Gujral continues: "We believe that the Internet business environment has finally stabilized, making it possible to introduce Internet products of real worth, with a realistic reflection of their true value in the markets. It is our belief that TranslationWave remains the most robust and flexible implementation of email and chat services on the market today."
The product web site, www.translationwave.com, is being redesigned to provide sharper market focus and sales support. Individual subscriptions to TranslationWave services will also be available for purchase on the web site.
On behalf of the Board of Directors: GLOBETECH VENTURES CORPORATION Dil Gujral, President 604.688.0044 rdg@globetechventures.net For More Information: John Baskind, Greenbank Partners. 360.679.4656 jbaskind@greenbankpartners.com SUITE 402, 750 WEST PENDER STREET OTCBB:GTVCF VANCOUVER, BC CANADA V6C 2T7 TEL: (604) 688-0044 E-MAIL: INFO@GLOBETECHVENTURES.NET NORTH AMERICA: 1-800-298-0244 VISIT OUR WEBSITE: WWW.GLOBETECHVENTURES.NET FAX: (604) 684-2439
Except for the historical information presented herein, the matters set forth in this press release are forward looking statements within the meaning of the "safe-harbor" provision of the Private Securities Litigation reform Act of 1995 and section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. Although such statements are based on reliable information and past experience, operating results are affected by variety of factors, many of which are beyond the control of the Company. Risk factors and uncertainties effecting actual performance of the Company include quarterly results, sales, customer order patterns, labor, supplies, equipment, technological changes, competition and competitive pressures on pricing; economic conditions in the United States and worldwide, as well as other risks that are detailed from time to time in the Company's filings with the Securities and Exchange Commission