GSBC Elected Board of Directors Delays the Listing Until March 19th 2007
"Delaying the GSBC listing has been a strategic move to maximize the efforts of our new acquisitions and strengthen our position from capital that is being invested in our firm. This delay will provide an opportunity to boost the value of our business and our corporate structure".
Bangkok Thailand (PRWEB) February 23, 2007 -- Ronald Flynn the founder of Global Satellite Broadcasting Corporation stated in a press conference at the queen's park hotel in Thailand exclaiming, "Delaying the GSBC listing has been a strategic move to maximize the efforts of our new acquisitions and strengthen our position from capital that is being invested in our firm. This delay will provide an opportunity to boost the value of our business and our corporate structure."
Market volatility has kept investors searching for answers because the digital signage business is sweeping the advertising industry. Fmcn has been using technology owned by GSBC and has hit record highs in the stock market of 85 dollars per share. The only problem with focus media china (FMCN) is they have no license agreement to use this technology and GSBC has put them on notice as of January 1, 2007 to pay a licensing fee or stop using the patented smart screen technology. Ronald then said, "This may be just what GSBC needed to ensure the groundwork is done to ensure long term success!"
Ronald went on to say, "We must remain focused on the two or three things that will help GSBC become the market leader in the digital signage business. We must deliver profitable growth and exceptional shareholder returns. Additionally we will maintain our focus on the core disciplines of GSBC cash flow and the returns of our investment over the next three to five years. Further more GSBC will avoid getting distracted from the primary goal of realizing the full potential of our core business, and will not let up on leveraging and creating huge equity for GSBC and our investors."
There is a major risk in trying to do too much in too many areas so as a result of the enormity of this transaction we are negotiating with two companies in finalizing the listing for GSBC. One of the companies is esav.ob who announced their intentions to acquire GSBC and our core business. The other company being a NASDAQ company already has made some very interesting propositions to GSBC so the new elected board of directors has delayed the listing until it makes the best deal for the shareholders and the partners from one of these two public companies. Ronald then said I want to be public more then anyone I have put two years of my life in this project but we must Be patient; Because the management and the strategic plan leading up to GSBC listing is robust, and eventually the value will be there to unlock because we took our time and entered the world market with pure perfection.
GSBC business will perform and everyone will eventually get their reward. Ronald Flynn went on to say, "Failure to perform is not an option we have taken decisive steps and will do things according to plan. If necessary, we will adjust and take all steps necessary to finalize our plan and targets."
As the founder of GSBC I have advised the new board of directors to match risk with return. Additionally shareholders should know that management is motivated despite GSBC delayed listing. This delay could turn out to be a blessing in disguise. In closing our management and private equity firm has agreed that by the 19 of March 2007 we will be a public company with our dream to become a fortune 500 company as the leader in digital signage using our patented technology called smart screen.
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