Business
GlobalTel IP, Inc. to File Registration Statement with SEC
GlobalTel IP, Inc. to File Registration Statement with SEC.
About this update from Cleartronic, Inc.
[{"type":"text","content":"Boca Raton, FL, June 1, 2006 -- GlobalTel IP, Inc. (OTC:GIPI.PK), announced today that it intends to file a registration statement with the Securities and Exchange Commission to register 13,525,425 shares of its common stock.\r\n\r\nThe purpose of the registration statement is to register 5,722,500 shares for resale by certain shareholders, 7,102,925 shares for distribution by Interactive Media Technologies, Inc. to its shareholders and 700,000 shares underlying warrants GlobalTel IP anticipates that it will file the registration statement within the next four weeks.\r\n\r\nThis announcement does not constitute an offer of any securities for sale. \r\n","length":650,"tagName":"div"}]