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Wall Street And Kiwi Investors Launch World First

Published: Wed 8 Mar 2000 10:02 AM
Global-e Investments Ltd MEDIA RELEASE
Tuesday March 7
Wall Street And Kiwi Investors Launch World First In e-Commerce
Wall Street and New Zealand investors have joined forces to launch a new e-Commerce company, which today announced plans to spend more than NZ$50 million here during its first year of business.
Global-e Investments Ltd has established its corporate headquarters in Auckland with the aim of becoming a global leader in Internet finance and e-Commerce.
The company today unveils a world first - a global e-Commerce community backed by a new investment called Global-e Bonds.
The 20-year bonds offer New Zealand investors an affordable entry into a ‘private community’ where they can safely buy goods and services over the Internet.
Similar to a modern day credit union, Global-e customers will be able to access a wide range of financial and consumer related products and services, delivered through Global-e’s Internet web site.
Global-e is being set up to act as both an ‘infomediary’ and a service provider in its own right.
In time, bondholders will be able to:
 Set up an account with Global-e to purchase goods and services over the Internet without the risk of credit card fraud.
 Make Global-e their home page and private portal, ensuring their names are never sold to advertisers.
 Benefit from an interactive service to help community members save time and money by providing search services free of charge.
Today’s first official detail about Global-e follows nearly 4 years of planning and a worldwide search for a suitable base.
Trade New Zealand has played a major role in attracting Global-e to this country. The new company has already spent NZ$4 million establishing a New Zealand office and Call Centre, employing around 40 full time staff and consultants.
Global-e’s Chief Executive is former US businessman Damian Archbold. Mr Archbold recently settled in New Zealand after a successful career in the United States. He has extensive experience managing rapid growth companies.
Mr Archbold says Global-e has enlisted an international team of advisers, board members and employees. The team includes investment and e-Commerce industry leaders from both Wall Street, and New Zealand.
“New Zealand’s stable economy, the country’s early adoption of new technology and the fact the world’s first financial market opens each day here, were all key factors in our decision.”
GLOBAL-E BONDS
Global-e Bonds is a unique investment product, secured by US Government stock to be held by New Zealand’s TOWER Trust, the Trustee for bondholders. Bonds will be offered to investors at a discounted price of $US1,060. Investors will benefit in 3 ways:
 An assured return in 20 years
 An option to acquire 300 shares in Global-e Investments, the company offering the bond
 Membership of an exclusive e-Commerce private community
PRIZE DRAWS
All bondholders are automatically eligible for millions of dollars in cash prizes. Live Internet prize draws will be featured on the Global-e Private Community website. Winners will be selected at random through an electronic “Random Number Generator”.
The first draw will take place after 25,000 bonds have been sold. An initial draw will be for US$500,000, followed by daily draws of US$10,000, until the series is fully subscribed.
Once fully subscribed, the daily draws will increase to US$50,000 with:
 Monthly draws of US$1 million
 An annual draw of US$10 million
The prize draws will continue for twenty years.
Mr Archbold says live Internet prize draws are an innovative way of promoting the bonds and attracting investors back to the Global-e website, www.global-ebonds.com
“Each website visit by members of Global-e’s private community will add value to the e-Commerce business, which in turn will drive the value of the bondholders’ options.
“Global-e Bonds will have particular appeal for New Zealanders looking for easy access into the rapid growth of international e-Commerce,” he says.
Global-e Investments officially opens for business at 8am today, Wednesday when the company launches its new website.
FOR MORE INFORMATION, PLEASE CONTACT:
Greg Ward
Media Liaison
Global-e Investments
Mobile: 025 387 037
Phone: (09) 308 3950
Facsimile: (09) 521 2732
e-mail: greg.w@ihug.co.nz

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