June 28, 2004 04:11 PM US Eastern Timezone

GBMI Announces Corporate Update

LONGWOOD, Fla.--(BUSINESS WIRE)--June 28, 2004--Global Business Markets, Inc. (OTCBB:GBMI) today announced that the Company has completed production of its first custom hand made guitar design entitled the "GREM Reaper".

The Company is pleased to announce the completion of the GREM Reaper design that the Company considers to be innovative with a radical style and design that is somewhat reminiscent of the guitar designs played by heavy metal bands in the late 1980's. The custom hand made guitar is made of mahogany, purple heart and cherry woods with a sleek finish.

Edward Miers, President/CEO of Global Business Markets, Inc., stated, "I am extremely proud of Greg Reszel, who leads the Company's design and R&D department. Greg's creativity of design and craftsmanship has produced an instrument that I consider to be a heavy metal dream to play. Also, with its artistic and sleek custom neck the guitar can also be considered a piece of artwork. The GREM Reaper is the first of many unique guitar designs on the Company's drawing board."

World Market Share Reporter stated that the United States ranks as the largest musical products market with a size of an estimated $6.7 billion (source Music Trades, December 2000). Additionally, U.S. Market Trends and Forecasts reported, "The compound annual growth rate of the USA musical instruments market over the period 2000-2005 is predicted to be 5.3%."

Global Business Markets, Inc. wishes to capitalize upon the size of the musical products industry and the projected growth rates for the industry. The Company believes that it can design, develop and produce a quality line of custom handmade and mass-produced electric and acoustic guitars, amplifiers and accessories to capture a portion of the sizeable musical products marketplace.

About Global Business Markets, Inc.

Global Business Markets, Inc. is a development stage company focusing on design and manufacture of custom handmade and mass-produced electric and acoustic guitars, amplifiers and accessories. For more information, please contact Edward Miers, Chief Executive Officer, 3859 Wekiva Springs Road, Suite 302, Longwood, Florida 32779, phone 260-312-6789. http://www.globalbusinessmarkets.com

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete joint venture relationships, the Company's access to future capital, the Company's ability to consummate and complete acquisitions, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors that may be identified from time to time in the Company's public announcements.

Contacts


Global Business Markets, Inc., Longwood
Edward Miers, 260-312-6789




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Originally posted by Breezer:
Just be careful. I am not saying there is something wrong with GBMI - but it has been pumped by super email blasts that started weeks ago (and of course - GBMI was higher then). I hope it does well for you but I am too skeptical of these big pumps - every email pumped stock I have "bought into" - I got burned on.

Well - i got another email blast from Grand Stock DICKS (or was that PICKS??) - anyway - I am glad I didn't buy them when they first pushed this thing to me a few weeks ago - I would already be down about 50% plus.

However - NOW they might be right.
You keep blasting out messages about a stock every week - you are bound to score once is awhile.

GLTA

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