RCT Global Networks Inc. - First Toronto IPO of Q4, 2008 launches on Frankfurt Stock Exchange today
TORONTO, Oct. 21 /CNW/ - (euro adhoc) -
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shares/stock market/telecommunication/Initial Public Offering
RCT Global Networks Inc (3R-C) launched its first public share offering on Germany's Frankfurt Over the Counter Market ("FSE OTC") on Tuesday, October 21, 2008. Trading opened at (euro)1.200 (One Euro, Twenty Cents) per share under the symbol 3R-C. The listing broker is 886AG, Frankfurt, Germany. In a storm of global economic turbulence, there is an island of comparative serenity in Toronto. "We have the most recession resistant business in Canada - installing phone, cable, Internet and security solutions in the country's biggest market. Then we have the cream of the builders like Tridel and all three major telecoms - Bell, Telus and Rogers as customers. Finally Canada is the No. 1 economy of the G8 countries, no shaky bankers, no sub-prime mortgages - and a solid government. What's not to like?" says Global Networks Chairman and CEO Robert C. Tummonds. It's ironic that the GTA's leading telecom supplier has to go offshore to find funding," says Global Networks President Vic Griffin. "Canadian banks are not lending and the TSX has listing criteria the needs Blue Chip status. Canadian investors can buy through their existing brokers and follow our progress on our website - www.globalnetworksont.com. Right now we have nine new large buildings and are adding at the rate of about one per week." "I'm the major shareholder and all my employees are shareholders as well. I would expect our first stock buyers to be people who see our trucks on the road every day hooking up buildings they know. There are hundreds of builders in the GTA and the Golden Horseshoe and we are proud that our clients are the cream of the crop. We're not the low cost supplier but our people don't leave until all our customers' customers are happy. That buys them peace of mind - and that's priceless, as they say," says Tummonds.
The Frankfurt Stock Exchange is the largest of the eight German stock exchanges. It ranks third in the world behind NYSE and NASDAQ. It offers its clients not only floor trading through brokers but also fully-electronic trading facilities, whereby orders from any point in the globe are automatically inputted into the order book on a central computer. For more information, visit the Frankfurt Stock Exchange at http://deutsche-boerse.com.
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact. Our expectations regarding the prospect for future success depend upon our ability to develop and installation of our cabling and security products, which cannot be sold without further investment and development. When used in this press release, the words "goal," "intend," "believes" and "potential" and similar expressions, generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties.
end of announcement euro adhoc
Further inquiry note:
Investor Inquiries: Paul Murdoch, Investor Relations, RCT Global Networks Inc.,
Phone: (416) 688-6314, Email: firstname.lastname@example.org; Please visit:
Börsen: Börse Frankfurt / free trade