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Author Topic: INSIDERS OWN 48% OF COMPANY
Frank2039
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GTI

Venture Exchange (CDNX)
Currently: $0.095


GTI has made several lists for high growth companies. In the 2003 Profit magazine, they were ranked 3rd fastest growth IT company in Canada, 1st in the West. GTI is an IT service company, growing by leaps and bounds, and is currently in a growth phase whereby they have increased staff, and are moving to larger premises in Calgary (Feb 04). Revenue from their Calgary office will be over $2million/year. They also have an agreement with Dell ("Dell Service Partner") whereby they service small to medium business needs through Dell. GTI is also involved in VOip, a rapidly growing area in IT, should be recognized as one of the areas that Nortel has attributed as one of the two highest demand areas that helped them to a profit this past quarter.(see page 9,10 in Jan 2004 Corporate Presentation). A subsidiary of the company, Peartree Software, has an impressive list of customers (Magna, Dana, Edscha, Delta Faucet, GM, Ford, DiamlerChrysler, Honda, Toyota, and more)and produced $2million in revenue in 2003. From what I have read, GTI is an excellent growth company, well worth the $.095 I paid today, hopefully worth more in the future. Also, from what I have read they are comparable to NNM on the Venture exchange, which has a current market cap of $35 million. GTI has a current market cap of $2.5 million. There is significant room for this stock to move up. Opinions are invited. I'll be online for a while and will be checking in periodically.

Current Shares Outstanding according to the TSE site is 25,789,928 shares. Insiders hold 12,477,870 shares as of yesterday, giving them a stated 48% stake in the company. They weren't kidding about being tightly held. This also means that the public float is much smaller than the current shares O/S. Once again, this company has significant room to appreciate given the current information.


LATEST NEWS RELEASE

Glenbriar arranges financing with Ohio firm

2004-02-03 17:01 ET - News Release

Mr. Robert Matheson reports

GLENBRIAR LINKS UP WITH BALMORAL COMPANIES FOR US$ FINANCING

Glenbriar Technologies has signed a letter of intent with Balmoral Companies, an Ohio corporation, to assist in the financing of acquisitions, business development and software advancement for Glenbriar. Completion of the financing is subject to a number of terms and conditions, including completion of due diligence and finalization of documentation between the parties. The proposed financing is expected to initially provide funds of $1-million (U.S.), with access to additional financing in subsequent periods.

"Glenbriar has been seeking innovative approaches to accessing capital markets upon terms acceptable to management and Glenbriar's shareholders," noted Glenbriar chief executive officer Robert Matheson. "This new relationship with Balmoral Companies and its CEO, Rodney Kincaid, not only meets that threshold, but will help fuel our 2004 funding objectives and set us well on the way to realizing on new growth opportunities."

Some of the financing will be done via settlement contracts with 1st Management Finance Inc. ViewPoint Technology Inc. will invest. Balmoral, which has been involved in international emerging markets for over a decade, plans to co-ordinate overseas contracts for Glenbriar. The total package will accelerate Glenbriar's business plan, finance expansion and open up new overseas distribution opportunities through a Munich, Germany, connection maintained by Balmoral. Other company acquisitions for Glenbriar are also planned.


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