Globetech Ventures Corp GTVCF

NEWS

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RET INTERNET SERVICES INC. ("RIS-V") GLOBETECH VENTURES CORP ("GTVCF-L") - Realestatetours.com Secures Exclusive Rights - To Language Translation Services RET Internet Services is pleased to announce that its wholly-owned subsidiary, RealEstateTours.com, a real estate marketing services provider, has entered into an alliance with Globetech Ventures Corp. The alliance gives RealEstateTours.com the exclusive rights to provide Globetech's TranslationWave, a real-time language translation infrastructure service, to the real estate industry. TranslationWave is a real-time language translation infrastructure providing website and email translation systems, which help transform the Internet into a truly universal platform of communication. Real estate agents and potential clients will now have the ability to converse with each other by simply emailing or responding in their chosen language. TranslationWave seamlessly translates the response into the receivers chosen language in real time. The alliance will benefit RET Internet Services members as the packaged solution will allow real estate agents to list their properties in many languages, thus accommodating buyers' and sellers' language needs domestically and abroad. This product will be marketed to RealEstateTours.com's existing membership of almost 1,000 clients and to the estimated 66,000 licensed real estate agents in Canada. "RealEstateTours' leadership and presence in a market that requires language translation will provide for a strong revenue stream and exposure across Canada," said Dil Gurjal, President of Globetech Ventures. "We are