Beanstream enhances focus for meeting customers needs.

GLS GLOBAL ASSETS LTD. AND BEANSTREAM INTERNET COMMERCE INC. COMBINE STRENGTHS TO EXTEND SERVICES

VICTORIA, BRITISH COLUMBIA, CANADA -- April 6, 2001:

GLS Global Assets Ltd., (CDNX:GLO) of Victoria, B.C., a publicly traded company that invests in promising technology companies announced today that it has completed an agreement to become a Channel Partner with one of North Americas most significant e-payment providers - Beanstream Internet Commerce Inc.

GLS Global Portal technology serves as the foundation to build on-line webstores. The webstore solution provides customers with the ability to create their own online business and participate in e-commerce at a minimal cost.

This agreement with Beanstream provides GLS with the ability to offer credit card merchant accounts and processing services directly to our own customers," said Cedric Steele, President of GLS. Our goal at GLS is to provide new technology that will increase our presence in the webstore field enabling small and medium businesses to create a web e-commerce presence for minimal cost. Global B2B Portal commerce and Vertical Portal Technology and Beanstream helps us meet that goal."

An integral part of achieving these communities is Beanstreams transaction gateway that provides GLSs customers with full front to back global e-commerce services through a single source. GLS customers can now establish VISA, Mastercard, and American Express merchant accounts for Internet transactions in Canadian or U.S. currencies. Within as little as 48 hours, accounts can be activated at a fraction of the cost associated with current alternatives.

Revenues for these new services will come from set-up fees, monthly service fees, and per transaction fees.

Craig Thomson, President and CEO of Beanstream Internet Commerce Inc. stated that, We look forward to working with GLS as a Channel Partner. Through this arrangement both companies will prosper; GLS, by offering services that merchants want and need in transaction payment processing, and Beanstream, by having a valued partner that promotes Beanstream to GLS customers and contacts."

About Beanstream Internet Commerce Inc.

Beanstream Internet Commerce Inc. is a business-to-business provider of electronic payment solutions. Services include Internet accessible, multi-currency, multi-lingual, credit card; electronic funds transfer, and automated clearing-house payment processing for both e-commerce and traditional brick and mortar businesses.

A privately held company headquartered in Victoria, B.C. the company also operates sales and customer support offices in Halifax, Ottawa, Toronto, Winnipeg, and Calgary.

About GLS Global Assets Ltd.:

Founded in 1977 and headquartered in Victoria, British Columbia, Canada, GLS Global is traded on the CDNX under the symbol GLO. GLS has been active in the information technology industry sector since 1989. The recent acquisition of a comprehensive e-commerce webstore software solution, serves consumers as well as B2B clients. This moves GLS Global into a substantial new marketplace estimated to expand to $7.29 trillion by 2004 in the business-to-business (B2B) sector alone (per Gardener Group as reported by Reuters). GLS Global is now positioned to be a major participant in this exciting opportunity.

Beanstream Contact:

Wayne Peterson
VP, HR and Communications
Tel: 250-472-2326
wpeterson@beanstream.com

GLS Contact:

Cedric Steele
President
Tel: 250-388-6258
cedric@glsglobal.com

The Canadian Venture Exchange has neither approved nor disapproved the contents of this press release.