Global Investment Financial Group Inc. announced Friday, subject to Canadian Venture Exchange approval, that it
is acquiring all right, title and interest in and to an Integrated Web Based
Revenue Transaction System from Netgenetix Media Inc for $150,000 payable
through the issuance of 1.5 million common shares of Global Investment
Financial Group Inc.
This Integrated System, with an unlimited user capacity, will feature
online subscriptions, credit card processing, alternative payment methods,
billing, and bank reconciliation. It will also provide customer support,
automated e-mail notification system, online statement review, and a RADIUS
interface with an automated provisioning system compatible with multiple
Computer platforms. The system is integral to Global’s commitment to penetrate
the North American market as an Internet Service Provider in partnership with
Netgenetix Media Inc. will implement the tailor made software suite,
which integrates seamlessly with the Investment.com Web site and its strategic
partners. This comprehensive online billing and account system represents the
interface between the members and the Investment.com community and
marketplace. In addition, Netgenetix will continue to develop and customized
the system’s backend to accommodate the variety of new products and services
as they become available.
“The implementation of this Integrated System is a key fundamental
development in the future of the Company as it will permit the Company to
effectively manage the automated revenue collection for its stable of web-
based products and services,” stated Leo Chamberland, President and CEO of
Global. “An automated front-end to back-end billing system will allow us to
keep our burn rate low as our revenues ramp up.”
As this system becomes fully operational, it is anticipated that the
majority of the Company’s future revenue will be generated from its online
products and services. The Company did generate approximately three quarters
of a million dollars ($750,000.00) in revenue from its publishing division
during the first 9 months of operations for fiscal year ending August 31,
Currently, the system is being beta tested and is expected to be fully
operational in October 2001.
What does this mean to Investment.com users?
Following the implementation of the system, members will be able to
obtain a “Passport” to open an operating account and subscribe to a variety of
products and services offered at Investment.com. The Passport is the entry key
to all strategic partners and third parties involved with the Investment.com
Members wishing to activate an account with any of the strategic partners
will be able to transfer all relevant and required information from their
“Passport” to open that new account in a secured environment with the simple
push of a button.
Members with accounts will have access to a back-end banking system. This
solution will be offered as a custom bank account package to accommodate
members’ needs and to facilitate the movement of money between the various
options available to members. All strategic partners and third parties of the
Investment.com community will also be linked to the online back-end banking
facilities. Activities will be conveniently recorded and secure access will be
available to the members.
The system facilitates interaction with financial planners, mortgage
brokers and other professional members of the Commerce Place. The relationship
between the professional members of the Commerce Place and Investment.com is
basically a tenant landlord relationship. For the professionals in the
financial sector, it will provide a convenient environment to communicate and
conduct business activities in an online environment with their clients.
Professionals will be supplied with a virtual office with customizable
workstations that will be linked to all services available at Investment.com’s
Financial Centre, the e-globe x-change, the Commerce Place, the World Trade
Centre as well as the Training and Education Centre.
About Netgenetix Media Inc.
Netgenetix Media Inc. helps companies resolve the complex issues
surrounding the Internet. They provide a broad range of web-based solutions to
help ventures run more efficiently. Netgenetix offers services in Internet
strategy, web design, streaming media, database development and e-commerce.
They can develop a site from the ground up or leverage an existing investment
in Internet technologies and augment it by layering proven new advancements
About Global Investment Group
Global Investment Group (GIG) is dedicated to becoming the leading
provider of secure Web-based interactive financial transaction systems in a
virtual marketplace environment that will function as online investment
exchanges for a broad variety of investment instruments complimented with
associated products and services. Under the umbrella of its transaction
services group, Global Investment Group is currently implementing a revenue-
driven financial portal – at www.investment.com – offering a variety of online
products and services including searchable directories with active client
profiles dedicated to the investment community. Meanwhile, the company’s media
properties group produces a number of complementary financial publications
dedicated to improving reader understanding of investment opportunities.