Global Network Announces Fiscal 2000 Results

Apr 17, 2001, 01:00 ET from Global Network Inc.

    NEW YORK, April 17 /PRNewswire/ -- Global Network Inc.,
 (OTC Bulletin Board:   GNNU), an application service provider currently
 servicing the needs of national newspaper advertisers online, today announced
 results for its fiscal year 2000 ended December 31, 2000.  Many significant
 milestones were reached including the implementation of a new revenue-building
 strategy through a sales and marketing partnership with Newspaper National
 Network (NNN).
     Revenues during the fiscal year 2000 were $269,111, an eighteen-fold
 increase over fiscal 1999 revenues.  The Company's gross profit was
 $90,554 for the year ended December 31, 2000.  For further details, please
 refer to Global Network's Form 10-KSB at http://www.freedgar.com.
     "I am pleased with the direction our company has taken in the past year.
 By using a limited direct sales approach, in a measured and cost-effective way
 we have tested the GNI System and introduced it into the market," stated Mr.
 James Mason, Global Network's President and CEO.
     "Having received recognition for our technology and by forming strategic
 alliances, we have shifted our marketing strategy from direct sales of media
 space on our online newspaper network to an ASP model whereby we provide the
 technology and online network that our partners' sales teams can leverage."
     "Implementing this strategy, we recently announced a key partnership with
 NNN, an organization that services the print needs of national newspaper
 advertisers.  NNN's well-established sales force has just begun offering our
 online network to its current and prospective national advertising clients.
 We are looking to become the online partner of similar organizations that have
 sales forces for print media networks."
     "We took a conservative approach last year both fiscally and in terms of
 marketing our technology.  This clearly paid off as the broader Internet
 advertising market went through a shakeout.  We move forward into fiscal 2001
 with an extremely low burn rate and a marketing strategy that is designed to
 produce revenues without the heavy infrastructure costs that other new
 technology firms bear."
     During fiscal 2000, Global Network achieved the following milestones:
 
      -- In February 2000, we filed for patent protection for the GNI System.
      -- In August 2000, our new board member and architect of the GNI System,
 Dennis Stillwell, and his development team wrote the industry's first white
 paper calling for standardization of how web site traffic is measured.
      -- In December 2000, we implemented a large-scale campaign for
 MeetSomeone.com, which included the purchase and placement of 4.3 million
 impressions over 40 markets, all running within a 48-hour timeframe.
      -- We implemented several beta tests for our real-time ad and traffic
 tracking technology.  We conducted these tests with publishing leaders such as
 The New York Daily News and Internet advertising leaders such as Mediaplex.
 Test results demonstrated a variance of plus or minus one percent, far more
 accurate than the industry's larger ASPs.
      -- The composition of our board of directors has been further enhanced
 with additions of key advertising industry and technology veterans.  Mr. Paul
 Benjou and Mr. David Altschiller, both advertising veterans, now with the
 Interpublic Group of Companies (NYSE:   IPG), have joined our board.  Dennis
 Stillwell, a software and Internet expert and architect of the GNI System, has
 also taken a board seat.  Alex Lucas, who currently plays an important role in
 our marketing and development has also joined our board.
 
     About Global Network Inc.
     Global Network is an application service provider for national online
 advertisers and agencies.  The company has a proprietary technology that
 implements complex online advertising campaigns and generates real-time
 verification of customer results.  Global Network's first application market
 is a network of over 300 online newspaper sites.  For more information, please
 refer to the Company's Web site at http://www.dgonn.com or
 http://www.globalnetworksonline.com, or contact Dilek Mir, Vision Corp.
 Consulting, at 310-395-4800 or gnnu@visioncc.net.
 
     Statements in this press release other than statements of historical fact,
 including statements regarding the company's plans, beliefs, and estimates as
 to projected market size are "forward-looking statements."  Such statements
 are subject to certain risks and uncertainties, including factors listed from
 time to time in the company's SEC filings, and actual results could differ
 materially from expected results.  These forward-looking statements represent
 the company's judgment as of the date of this release.  The company disclaims,
 however, any intent or obligation to update these forward-looking statements.
 
 

SOURCE Global Network Inc.
    NEW YORK, April 17 /PRNewswire/ -- Global Network Inc.,
 (OTC Bulletin Board:   GNNU), an application service provider currently
 servicing the needs of national newspaper advertisers online, today announced
 results for its fiscal year 2000 ended December 31, 2000.  Many significant
 milestones were reached including the implementation of a new revenue-building
 strategy through a sales and marketing partnership with Newspaper National
 Network (NNN).
     Revenues during the fiscal year 2000 were $269,111, an eighteen-fold
 increase over fiscal 1999 revenues.  The Company's gross profit was
 $90,554 for the year ended December 31, 2000.  For further details, please
 refer to Global Network's Form 10-KSB at http://www.freedgar.com.
     "I am pleased with the direction our company has taken in the past year.
 By using a limited direct sales approach, in a measured and cost-effective way
 we have tested the GNI System and introduced it into the market," stated Mr.
 James Mason, Global Network's President and CEO.
     "Having received recognition for our technology and by forming strategic
 alliances, we have shifted our marketing strategy from direct sales of media
 space on our online newspaper network to an ASP model whereby we provide the
 technology and online network that our partners' sales teams can leverage."
     "Implementing this strategy, we recently announced a key partnership with
 NNN, an organization that services the print needs of national newspaper
 advertisers.  NNN's well-established sales force has just begun offering our
 online network to its current and prospective national advertising clients.
 We are looking to become the online partner of similar organizations that have
 sales forces for print media networks."
     "We took a conservative approach last year both fiscally and in terms of
 marketing our technology.  This clearly paid off as the broader Internet
 advertising market went through a shakeout.  We move forward into fiscal 2001
 with an extremely low burn rate and a marketing strategy that is designed to
 produce revenues without the heavy infrastructure costs that other new
 technology firms bear."
     During fiscal 2000, Global Network achieved the following milestones:
 
      -- In February 2000, we filed for patent protection for the GNI System.
      -- In August 2000, our new board member and architect of the GNI System,
 Dennis Stillwell, and his development team wrote the industry's first white
 paper calling for standardization of how web site traffic is measured.
      -- In December 2000, we implemented a large-scale campaign for
 MeetSomeone.com, which included the purchase and placement of 4.3 million
 impressions over 40 markets, all running within a 48-hour timeframe.
      -- We implemented several beta tests for our real-time ad and traffic
 tracking technology.  We conducted these tests with publishing leaders such as
 The New York Daily News and Internet advertising leaders such as Mediaplex.
 Test results demonstrated a variance of plus or minus one percent, far more
 accurate than the industry's larger ASPs.
      -- The composition of our board of directors has been further enhanced
 with additions of key advertising industry and technology veterans.  Mr. Paul
 Benjou and Mr. David Altschiller, both advertising veterans, now with the
 Interpublic Group of Companies (NYSE:   IPG), have joined our board.  Dennis
 Stillwell, a software and Internet expert and architect of the GNI System, has
 also taken a board seat.  Alex Lucas, who currently plays an important role in
 our marketing and development has also joined our board.
 
     About Global Network Inc.
     Global Network is an application service provider for national online
 advertisers and agencies.  The company has a proprietary technology that
 implements complex online advertising campaigns and generates real-time
 verification of customer results.  Global Network's first application market
 is a network of over 300 online newspaper sites.  For more information, please
 refer to the Company's Web site at http://www.dgonn.com or
 http://www.globalnetworksonline.com, or contact Dilek Mir, Vision Corp.
 Consulting, at 310-395-4800 or gnnu@visioncc.net.
 
     Statements in this press release other than statements of historical fact,
 including statements regarding the company's plans, beliefs, and estimates as
 to projected market size are "forward-looking statements."  Such statements
 are subject to certain risks and uncertainties, including factors listed from
 time to time in the company's SEC filings, and actual results could differ
 materially from expected results.  These forward-looking statements represent
 the company's judgment as of the date of this release.  The company disclaims,
 however, any intent or obligation to update these forward-looking statements.
 
 SOURCE  Global Network Inc.