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Global 1 Provides Investors Clarification to Dividend Distribution
Global 1 Investment Holdings Corp. (OTCBB: GOIH), www.global1inc.com, changes name to Global 1 Investment Holdings Corporation to reflect new business model.
Q1: What will a shareholder who owns GOIH shares on the record date receive as a dividend?
A1: A shareholder who owns GOIH common shares on the record date will receive one (1) share of Class A preferred stock, par value $0.25, for each common share owned of GOIH on the record date; (2) and the right to receive 25% of the Cash Dividend of Global Franchising Corp for a 24 month period.
The Cash Dividend will be 25% of the net income after expenses of Global Franchising Corp. for a twenty four (24) month period after operations commence.
GOIH common shares will not convert into Class A preferred shares after the dividend date.
Global Franchising Corp.
Global Franchising Corp. is our first company that we will develop as a vehicle for growth. The business model of GFC is to develop concepts pertaining to business development of small businesses. GFC will joint venture with Global 1 and International Investment Corporation to provide an infrastructure, i.e., legal, auditing, management consulting, investment banking, and investor relations services to companies in exchange for an equity ownership interest.
Our investment banking unit will take public the companies of the incubator and provide our shareholders will a portion of the equity. We believe this is a growth market and the barriers of entry are sufficiently high to prevent mass competition.
Our plan is to have Business Development franchises in 25 major cities contracted with Global 1 for the business services and providing a steady cash flow stream to Global 1 along with equity ownership in each company.
About Global 1 Investment Holdings Corporation:
The family of funds we construct will have equity, fixed income, real estate securities, mortgages, affordable housing and commercial assets as investment opportunities for different classes of investors.
Disclaimer: The below disclaimer is incorporated by reference as if fully set forth herein this as well as all media releases on Global 1 behalf. The statements contained in this released are forward looking and may or may not occur due to forces beyond the company's control.
Global 1 Holdings
Barry Thomas, 404-255-0400
Source: Business Wire (December 1, 2006 - 9:17 AM EST)