Steven is our partner and we did what FMCN would not do and more. We have created a mutual friendship with lots of enthusiasm and energy for the future of the flat screen technology.
Bangkok, Thailand (PRWEB) January 15, 2007
Ronald Flynn the founder of global satellite corporation gave an exclusive interview for Jam television and Jam radio. He was asked many questions in open forum with several people asking him questions.
The first question was asked by Roger Blattler who is a GSBC investor, who asked? How did GSBC invent the SMS technology and when will the company go public.
Flynn replied, "GSBC did not invent the technology. We acquired the technology because Focus media of china could not strike a deal with the inventor!" FMCN originally started using the technology from Steven Tung the inventor. Shortly there after Jason Nanchun Jiang was underwritten by Goldman Sachs to take FMCN public. During that time egos started to flair and there were differences of opinions! Steven then began looking for help as he was not benefiting at all from the public offering done by Goldman Sachs. Steven desperately wanted good partners who could take this patented technology public on a global scale. He also was concerned about the roll out of the smart screens and had kept the new upgrades of the smart screens a secret.
This story is very real Flynn said, "Sometimes in life people can't see the forest between the trees". Another way of putting it is never look a gift horse in the mouth!
Flynn then expressed, "Steven is our partner and we did what FMCN would not do and more. We have created a mutual friendship with lots of enthusiasm and energy for the future of the flat screen technology."
Currently FMCN is $77.00 dollars per share on NASDAQ and the annalist say it's going to $85.00. The twist to this story is we have put FMCN on notice. We stated in an article dated December 24th 2006, as of January 1st 2007 GSBC will require any company using the smart screen patented technology to pay a licensing fee. I can't even imagine what investors will do when this becomes headline news around the world!
Obviously we are happy to have Steven as our partner and GSBC will officially be public in January 2007. Just as a quick note, Flynn said, "we also have licensed a company in Germany who just listed on the American stock exchange under the symbol (nnnv.pk) and will also be listing in Germany on the DAX in January 2007".
Jerry Dubin vice president for GSBC asked the founder if he thought GSBC had created a monopoly with the new technology.
Flynn replied, "I believe we have an oligopoly dominating the market share of the smart screen technology and will corner the market by delivering revenue growth in secondary markets for our joint venture partners around the world. The real answer to your question is the only monopoly GSBC has is in licensing our technology with joint venture partners. This of course reminds me of Microsoft licensing their products around the world.
Our overall strategy is straightforward, yet very effective. The company first identifies its targeted consumers, establishes LCD display locations close to them, drives penetration, gets pricing leverage, and then pursues segmented consumer groups.
GSBC follows the lifecycle of its target demographic, which is high-income, white-collar professionals. Management chose office buildings as an ideal starting point since these locations aggregate their audience in a captive environment (outside and inside the elevators). According to AC Nielsen, professionals working at commercial buildings average five elevator trips per day with 2-2.5 minutes of wait per trip.
Once GSBC becomes established, the company will drive penetration in the market through expansion and acquisitions, targeting different spaces and locations to maximize the company's advertising exposure. The company currently will create a presence in 95% of the top-100 office buildings in Thailand and in Europe by our strategic partner NETNETNET TV. ( http://www.netnetnet.tv )
As a particular group of the market reaches critical mass (i.e. high capacity utilization for advertising slots), GSBC looks to target a segment of the consumer groups or businesses vertical to take advantage of their spending patterns. This is particularly helpful to luxury goods advertisers that find mass-marketing to be ineffective. Ronald Flynn concluded the interview by saying. GSBC in 2007 will corner the market in the digital signage business! We will be paid a license fee by anyone who is using our technology! Furthermore, we will be a listed company in January and many investors will see the opportunity to by our stock as it will be 75% cheaper on the opening bid then FMCN. My advice to anyone watching this TV show is to look at our web site http://www.gsbc.tv and call Paragon for information regarding a plethora of opportunities.