Global TeleMedia International Inc. Announces Appointment of International Audit Firm Merdinger, Fruchter, Rosen & Corso as the Company's Auditors

The Company is Preparing Its 8K Filing in This Regard



Apr 13, 2001, 01:00 ET from Global TeleMedia International

    NEWPORT BEACH, Calif., April 13 /PRNewswire/ -- Global TeleMedia
 International (OTC Bulletin Board:   GLTI.OB) (www.GTMI.com) announced today
 that it has appointed the international accounting firm of Merdinger,
 Fruchter, Rosen & Corso (MFRC) as auditors for the Company.  MFRC is well
 versed in international audits and currency conversions.  Such expertise is
 crucial in not only auditing but advising the company on audit and recording
 procedures considering the first range of international card products are in
 production and should be released in the near future.
     The Company plans to use its equity line facility to purchase and market
 the Snap & Send(TM) card and Smart-e-Cash(TM) machines, which will be
 distributed and operated by Global TeleMedia as distinct from BentleyTel's
 operations both here and overseas.  The BentleyTel range of products can be
 re-loaded domestically or abroad and this will require exacting accounting
 standards and uniformity on reporting from each location.  The company is
 encouraged by the expertise afforded by MRFC.
     MFRC is actively preparing the Company's 10KSB and audits for the Company
 and its subsidiaries are being consolidated in this regard.  The 20/20 Web
 Design merger with BentleyTel is being noted as an event subsequent to the end
 of the year.  Whereas full disclosure with financial statement information may
 lead to a few days delay beyond the 10KSB extended filing date, SEC
 regulations require such disclosure.
     The auditors will examine in detail the transaction in order to include it
 in the company's annual report, including the escrow agreements, established
 and in force since 1999.  Such agreements have never hampered the company's
 operations and merely recognize the obligations of GLTI to resolve some of its
 major litigation issues to the satisfaction of the share exchange agreement.
 This has consistently been reported as a condition subsequent, and was in fact
 part of the original merger agreement of BHFC and GTMI.  The escrow agreements
 also protect the subsidiary corporations of Octa4, 3G Communications, and
 DynaSem, from the significant legal and financial obstacles left behind when
 previous management resigned en masse.  Current management continues to strive
 to ensure that the Company meets the challenges that lay ahead in these
 difficult market conditions.
     BentleyTel.com, (www.bentleytel.com) is a leading developer of
 Smart-e-Cards www.smart-e-card.net interactive software for complex E-commerce
 solutions, Voice over IP, LAN VPN (Virtual Private Network), ISP, Virtual ISP.
 The Company is currently operating as a subsidiary of Global TeleMedia
 International (OTC Bulletin Board:   GLTI), though Global must satisfy
 pre-existing conditions, a legacy of previous management, in order to satisfy
 the escrow provisions and to complete its control of BentleyTel which operates
 in the USA, Australia, Malaysia and the Philippines.
 
                       PR. Action Stocks.com 858-481-6670
 
     This press release contains forward-looking statements.  All such
 statements involve risks and uncertainties, including, without limitation, the
 risks detailed in Global TeleMedia's filings and reports with the Securities
 and Exchange Commission.  Such statements are only predictions and actual
 events or results may differ materially.
 
 

SOURCE Global TeleMedia International
    NEWPORT BEACH, Calif., April 13 /PRNewswire/ -- Global TeleMedia
 International (OTC Bulletin Board:   GLTI.OB) (www.GTMI.com) announced today
 that it has appointed the international accounting firm of Merdinger,
 Fruchter, Rosen & Corso (MFRC) as auditors for the Company.  MFRC is well
 versed in international audits and currency conversions.  Such expertise is
 crucial in not only auditing but advising the company on audit and recording
 procedures considering the first range of international card products are in
 production and should be released in the near future.
     The Company plans to use its equity line facility to purchase and market
 the Snap & Send(TM) card and Smart-e-Cash(TM) machines, which will be
 distributed and operated by Global TeleMedia as distinct from BentleyTel's
 operations both here and overseas.  The BentleyTel range of products can be
 re-loaded domestically or abroad and this will require exacting accounting
 standards and uniformity on reporting from each location.  The company is
 encouraged by the expertise afforded by MRFC.
     MFRC is actively preparing the Company's 10KSB and audits for the Company
 and its subsidiaries are being consolidated in this regard.  The 20/20 Web
 Design merger with BentleyTel is being noted as an event subsequent to the end
 of the year.  Whereas full disclosure with financial statement information may
 lead to a few days delay beyond the 10KSB extended filing date, SEC
 regulations require such disclosure.
     The auditors will examine in detail the transaction in order to include it
 in the company's annual report, including the escrow agreements, established
 and in force since 1999.  Such agreements have never hampered the company's
 operations and merely recognize the obligations of GLTI to resolve some of its
 major litigation issues to the satisfaction of the share exchange agreement.
 This has consistently been reported as a condition subsequent, and was in fact
 part of the original merger agreement of BHFC and GTMI.  The escrow agreements
 also protect the subsidiary corporations of Octa4, 3G Communications, and
 DynaSem, from the significant legal and financial obstacles left behind when
 previous management resigned en masse.  Current management continues to strive
 to ensure that the Company meets the challenges that lay ahead in these
 difficult market conditions.
     BentleyTel.com, (www.bentleytel.com) is a leading developer of
 Smart-e-Cards www.smart-e-card.net interactive software for complex E-commerce
 solutions, Voice over IP, LAN VPN (Virtual Private Network), ISP, Virtual ISP.
 The Company is currently operating as a subsidiary of Global TeleMedia
 International (OTC Bulletin Board:   GLTI), though Global must satisfy
 pre-existing conditions, a legacy of previous management, in order to satisfy
 the escrow provisions and to complete its control of BentleyTel which operates
 in the USA, Australia, Malaysia and the Philippines.
 
                       PR. Action Stocks.com 858-481-6670
 
     This press release contains forward-looking statements.  All such
 statements involve risks and uncertainties, including, without limitation, the
 risks detailed in Global TeleMedia's filings and reports with the Securities
 and Exchange Commission.  Such statements are only predictions and actual
 events or results may differ materially.
 
 SOURCE  Global TeleMedia International