Greenbank Capital Inc.CSE: GBC

GlobeeCom International signs technology distribution agreement with AFI (Quebec City)

· Issued by Greenbank Capital Inc.
TROIS-RIVIERES, Oct. 24 /CNW Telbec/ - GlobeeCom International Inc.      
(TSX Venture: GBC) is pleased to announce the signing of a technology
distribution agreement with the AcadDemie de Formation informatique (AFI) Inc.,
based in Quebec City.
AFI provides solutions tailored to organizations' needs in regard to
training, skills development and managing change, and has enjoyed an enviable
reputation in the Greater Quebec City Area for over eight years. Its expertise
in information technologies positions AFI as a leading expert in training
strategies and organizational development. Its partnership approach and core
values of respect, commitment and integrity have earned AFI a high degree of
client, partner and employee loyalty.
This agreement will enable AFI to promote the technological solutions
offered by GlobeeCom, including GlobeMeeting(R), to organizations,
institutions and other client companies, in order to provide them with an
additional high-performance and personalized service as part of AFI's overall
approach to training, skills development and managing change.
"This new distribution partnership with AFI is consistent with
GlobeeCom's growth strategy, which notably aims to promote the potential of
GlobeMeeting(R)'s technology with institutions nation-wide. The know-how and
reputation that AFI's senior management has enjoyed for over 22 years will
ensure the success of this new partnership agreement," stated Mr. Erick Caron,
President and Chief Executive Officer of GlobeeCom International Inc.
"We carefully selected a partner similar to us in order to provide our
clients with an additional service. These technological solutions meet the
evolving needs of Quebec-based organizations. AFI is proud to be a partner of
GlobeeCom, a growing Quebec company able to offer dynamic and innovative
solutions to our clients. This natural evolution of our service offering
rounds out our expertise," explained Ms. Marie-Pier St-Hilaire, President and
Managing Director of the AcadDemie de formation informatique (AFI) Inc.

ABOUT GLOBEECOM INTERNATIONAL INC.

GlobeeCom International Inc. is a company specialized in the development
of on-line software solutions. For the past 24 months it has been positioning
itself on the market of converging technologies, bringing together PCs and new
generation fixed and cellular telephony via its GlobeMeeting(R) and Globee
technologies.
Its mission is to market technological solutions with a view to
optimizing company-wide communications logistics over IP networks. Established
on both North American and European markets, Globeecom is positioning itself
as a strategic partner and services provider.
GlobeeCom is also looking for companies that are active players in the
targeted segments and that consider its collaborative software as a value-
added element in their services offerings. We are more especially targeting
telephone companies, Internet portals, the healthcare and education sectors,
consultants and professionals specializing in on-line learning, and
professionals in content development.

Forward-looking statements contained in this Press Release involve known
and unknown risks, uncertainties and other factors that may cause actual
results, performance and achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by the said forward-looking statements.

TSX Venture Exchange Inc. accepts no liability regarding the relevance or
accuracy of this Press Release.