Globetech Ventures Corp.By Mark Stone, Syndicated Columnist
The Mark Stone Report: GlobeTech Ventures Plans to Upgrade the International
Internet
Miami, FL, October 13 /SHfn/ -- If GlobeTech Ventures [GTVCF] delivers and establishes its Internet e-mail
service with an amazing twist, then this unknown company might be among the most heavily talked about
anywhere. In its own way, it offers all the promise of Hot Mail and could just as quickly be acquired by a major
Internet company in the same way Microsoft [MSFT] bought Hot Mail. With the low number of outstanding
shares, and the deep pockets behind the company, it is conceivable that this stock might have a strong rally in
the near future, as it has done twice before. Comparing what GlobeTech promises--but has not yet
offered--there is the strong possibility it would be a takeover candidate after it launched and effectively
marketed its services. If it got the same offer as the MSFT buyout of Hot Mail, GTVCF shares would be worth,
at their present dilution, just under $50 a share.
The special twist that GlobeTech Ventures offers is this: You would have the capability of typing an e-mail
message in your own language and sending it to an international recipient, where it would be instantly translated
into their home language. In other words, with the GlobeTech technology, we could create this document in
English and send it to German subscribers, who would receive the translated report in German when they
opened their attachment. If Microsoft owned the translating service, it would probably be called something like
the Translation Wizard!
At this time, GlobeTech's technology is said to promise translation capability in 15 languages when it launches,
sometime in the next 30 days. You can preview what it might look like by testing out the translation capability at
the company's website: www.translationwave.com. Click to the Phrase Translation section on the site menu.
Right now, the preview will only work if you are translating from English into French, Spanish, Italian, German,
Portuguese, Chinese or Japanese, or from those languages into English. There is a slight lag in the translation
and it doesn't catch slang, but it does the job.
The service, according to CEO Dil Gujral, is "to establish an online communications
center that will service the international community." He told The Mark Stone Report
that the company plans to offer the service free of charge to individual users, in the
same way one would open a Hot Mail or Yahoo account. Initial plans are to market
heavily and build a subscriber base. After that, banner ads will bring in a minor
revenue stream. Imagine how valuable a chat room would become if one could
effectively communicate in your own language with one who does not speak or write it.
Serious revenues, Gujral told The Mark Stone Report, would come from commercial applications where
corporations would use the service for document transfers. But, that is the part he would not talk about at this
time. What is pertinent are some vital statistics. Nearly 70% of the world's PC users are not from
English-speaking countries. About 80% of Internet content, though, is in English. A mere fraction of
e-commerce websites are not in English. Rather than demanding that consumers learn English or be shut off
from Internet shopping isn't the solution. Something on the order of what GlobeTech Ventures offers might be
the answer.
The new frontier for Internet growth has been forecast to come from outside of North
America and Western Europe. That could make this new e-mail translation service
one that would be highly in demand over the next five years.
This is not the last you are likely to hear about this story. We learned, while preparing
this report, that Gujral is in London and currently on a five-city European tour. He is
meeting with institutions as a preface to GlobeTech's launch and the company's
expansion of operations in India where much of the technological work will take
place. While there is a lot of activity here--there has been the occasional flourish in the stock price and
intermittent heavy trading volume--little, in the way of news releases, has been issued by the company. When
the release of news begins--and we've been told that much should be announced throughout the fourth
quarter--then we might prepare ourselves for a strong and decisive price rally.