RESTON, Va., Aug. 10, 2004 (PRIMEZONE) -- Global Explorations, Inc. (Pink Sheets:GXXL) will spin-off 911sms into a separate operating subsidiary. The company has also launched an investor relations line. This line will be active as of Wednesday.
"Initial feedback for 911sms.com has been extremely strong. Our current customers are inclined to pay a monthly fee for the service, which would provide them with security alerts. The company has thus decided to spin-off 911sms.com as a separate operating subsidiary," stated Atul Mehta, PR Manager for Global Explorations, Inc.
"Global is also actively in the market to acquire a publicly traded shell for 911sms.com. Once this transaction is complete, shareholders of Global Explorations shall receive shares in that company as well.
"As promised, the company has launched an investor relations line. This line shall be active as of Wednesday. The phone number is 250-579-9914. Please do not call this number until Wednesday," continued Atul Mehta.
Global Explorations, Inc. is quoted on NQB Pink sheets as "GXXL."
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.