November 29th 2000, London 16.00PM
For Immediate Press Release

Globaldosh™ Card the new Internet cash System Set to Launch!!!!

Internet transaction innovators Globaldosh Limited are set to launch Globaldosh™ card, the premier Global Internet shopping card, in the first week of December 2000.

The system, which has been in development for about 18 months, is now ready, after rigorous beta testing, to enter the market. According to Mr Stephen Igweh the Business Development Director, " after months of research and development, the Globaldosh™ Card is what the 10 million UK online consumers have been waiting for."

" The Globaldosh™ Card gives every child, teenager and adult the opportunity to transcend current restrictions and buy whatever they want on the Net without a credit card!" he continued "The system consists of a pre-paid voucher, which is used to migrate physical cash into cyberspace so that cash spenders can go shopping to buy a limitless range of goods and services, from video games down loads and CD's to electronics and clothes online."

In addition, the Globaldosh™ System will be operated in GD points with GD1000 equal to £10.00 and our members have the option of displaying their GD points in any currency of their choice with real-time exchange rate. GD points are universal irrespective of country of sale and are worth the same from Alaska to Sydney, Rio de Janeiro to Frankfurt. The Globaldosh™ card concept is also expected to attract mammoth interest among credit card holders who are concerned about security for online credit card transactions.

The launch which will premiered initially in the UK by December 2000, will be extended to 20 countries by the end of 2001.

Already boasting a stable of top e-tailers there are also over 100,000 outlets that customers can obtain the GD (Globaldosh™) Cards from. These outlets range from corner stores to large retail chains.

Globaldosh™ Limited has also concluded plans (starting in December 2000) for what promises to be the most radical marketing campaign in UK e-commerce history, incorporating the new " NG consumers strategy" in a nationwide advertising spend of over £3,000,000. The theme of the campaign is "…It's a cash thing!"

About Us

The Internet pre-paid system, which was initially designed late in 1998 as DISC (Discrete Internet Shopping Card) was the brainchild of Dip-Holer Management Limited, a process design consultancy. Globaldosh limited was formed as a offshoot of the idea by a group of professionals with vast knowledge of IT, internet and business processes. Globaldosh™ is also in collaboration with leading IT solutions providers and software developers, Zylex.com.

We were initially funded by Staurus Direct Consultancy Services, InKonsult Ltd, Bannernote Ltd, Brothers Inc and a host of private investors. The funders collectively have an immense global outreach and they consistently give us strategic and operational support on an on-going basis.

Contact: Mr Stephen Igweh - Business Development\Marketing Director
Tel : +44 207 511 0257 E-mail: Steve@Globaldosh.com