Globalgroup Investment Holdings Signs LOI with Chit

New Post Public Reply Private Reply Replies (1) Message Board
junewong

Globalgroup Investment Holdings Signs LOI with Chit Chat Mobile

Globalgroup Investment Holdings, Inc. (PC) (USOTC:GIHI)
Intraday Stock Chart

Today : Friday 22 February 2013

Click Here for more Globalgroup Investment Holdings, Inc. (PC) Charts.

PLANO, Texas , Feb. 21, 2013 /PRNewswire/ -- Globalgroup Investment Holdings, Inc. (OTCPINK:GIHI), a developmental supplier of  proprietary technology solutions for payment and collection services, announced today the signing of a LOI with Chit Chat Mobile, LLC., the nation's newest and fastest growing prepaid cellular company. This new expansion of GIHI's mission to maximize the opportunity presented within its core market niche of unbanked and credit challenged consumers will be greatly enhanced with GIHI's new Master Dealership for Chit Chat Mobile services within the Dallas and Fort Worth, Texas Metro areas. The definitive agreement is expected to be signed and commence on or before March 31 st .

In September of 2012, Chit Chat Mobile, LLC became an MVNO to provide voice, messaging, data products and services to over 250 million people in the United States . With plans starting at $9.99 /month and data and other features offered as add-ons. Chit Chat Mobile has introduced a new concept to pre paid wireless, which GIHI is proud to be a part of.

John Hennessy , President and CEO of Chit Chat Mobile, LLC commented; "Here is how we did it. We started with what is most important with your wireless connection… a dependable nationwide network. We're talking about the Nationwide Sprint Network, not just local or regional coverage. We listened to prepaid mobile cellular users...and you said you were tired of being forced to buy large plans of unlimited data to connect your smart phone. In the past we, all fell for the 'unlimited' supersize plans, but we learned more is not always better. So, at Chit Chat we offer customizable plans. Now consumers can take control of their phone bill."

GIHI plans on opening several stores in the DFW metro area in 2013. GIHI will also work to convert existing metro prepaid cellular dealers into the Chit Chat family. Several local dealers have been in contact with Chit Chat to become GIHI/Chit Chat Mobile dealers in the metroplex. GIHI anticipates adding 6,000 subscribers in our first year with annual revenues exceeding $500,000 .

About Globalgroup Investment Holdings, Inc.
Globalgroup provides a viable online shopping alternative for fiscally challenged consumers by offering quality name brand products at affordable prices, regardless of household income, through credit alternatives and time-payment options. Globalgroup also offers technology solutions such as Global LOK™ that address the computer payment collection challenges associated with rent to own, pay as you go and no-credit-check computer markets, and in other industries where remote PCs and laptops are deployed.  Sovereign Oil Inc., a wholly owned subsidiary, has its emphasis on oil and gas exploration, drilling, and well completion.

About Chit Chat Mobile LLC ( www.chitchatmobile.com )
Chit Chat Mobile LLC's  principal owners have been in the wireless business for over 15 years. At Chit Chat Mobile it's not about the wireless bill, it's about you. You can add as little or as much as you like and pay for what you want. It's your wireless, your way!

Notice Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to", "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

For additional information, contact:
Globalgroup Investment Holdings, Inc.
info@globalgroupinvestmentholdings.com

SOURCE Globalgroup Investment Holdings, Inc.

Copyright 2013 PR Newswire

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Hilarity and Hassles in NYC Co-op Life Exposed in New Book

Updated Category News Views 19

Co-op Living: Not All It's Cracked Up to Be Let me tell you something, buying a co-op in New York City isn't just signing on the dotted line and moving in. Nope, it's a whole damn production. Jeff Namian's book, Thin Walls/Thick Ears, lays it all out with a mix of humor and hard truths, painting a stark picture of NYC co-op living. He's not just telling his own story of...

Continue Reading
Hot Property Alert: Prime Storage Facility Sale in Texas

Updated Category News Views 23

Investment Gold in Abilene's Storage Sector Diving headfirst into the world of bricks and mortar, the opportunity brewing over in Abilene, Texas, packs a potent punch for anyone keen on beefing up their real estate portfolio with a top-notch asset. We're talking about Spare Feet Self Storage, a slick, Class A self-storage facility, serving the cream of the crop in a...

Continue Reading
Palm Beach Royals Boost Pickleball's Popularity Surge

Updated Category News Views 25

A New Era for Pickleball in Palm Beach It might be time to re-evaluate pickleball if you weren't paying attention before. The Palm Beach Royals have wrapped up their first Major League Pickleball season with a bang, marking a pivotal year for the sport. This underdog tale of graft and grit is carving out a new chapter in the world of sport. Record-Breaking Season for MLP...

Continue Reading
ProClad Unveils Innovative Hybrid 2.0 Cookware

Updated Category News Views 18

Revolutionizing Cookware: The Launch of Hybrid 2.0 Today, everyone's buzzing about ProClad's big reveal—the Hybrid 2.0 Pan. Now, before you roll those skeptical eyes, hear me out. This isn’t your average bit of kitchen fluff; it’s a heavyweight contender stepping into the everyday cooking ring. What they've done here is combine the muscle of stainless steel searing...

Continue Reading
Dan Brown Joins Guidewire: Big Moves in P&C Software

Updated Category News Views 20

Turning the Insurance World on Its Head Just when you think the enterprise software scene is getting predictable, along comes a bit of news to shake things up. Guidewire, a name known in the P&C insurance software world, has roped in a veteran—Dan Brown—who's got more than a quarter-century under his belt shaping product strategies. It’s not just another suit...

Continue Reading
China Automotive Systems Hits Milestone with ASPICE 4.0 CL2

Updated Category News Views 17

An Automotive Feat in R&D Now here's a story that should make waves across the automotive sector. China Automotive Systems, Inc. (NASDAQ: CAAS), a titan of power steering development in China, has nailed it by meeting the ASPICE 4.0 Capability Level 2. That's a big one, folks. Verified by a partnership between a European automaker and UL, this achievement is no fluke....

Continue Reading
Christmas Injury Lawyers Unveils SC Knowledge Center

Updated Category News Views 7

In the world of legal labyrinths, sometimes you just need a guiding light, especially following a car accident. That's where the freshly launched South Carolina Car Accident Law Knowledge Center steps in. It’s no magic wand, but Christmas Injury Lawyers are certainly trying to cut the chaos. This online hub covers more ground than a small library, boasting 40 guides...

Continue Reading
Travelers Turn to Direct Booking Amid Cost Surge

Updated Category News Views 22

Getting Ahead of the Travel Expense Game Rising fees and tighter budgets haven't persuaded holiday travelers to abandon their plans. Instead, they’re sharpening their axes, looking for clearer paths to their vacation goals without slicing off an arm and a leg. With the cost of travel climbing faster than a runaway elevator, folks are getting smart about where their...

Continue Reading
Event Industry Power 50 Voting Surge Ahead of Close

Updated Category News Views 15

An Unexpected Wave of Enthusiasm in Event Industry The Event Industry Power 50 is getting some serious action this year. Over 3,500 votes have already rolled in, smashing last year's numbers with days still left on the clock. It seems like folks can't wait to see their favorite event powerhouses crowned at this year's gala, which kicks off October 27 in New York City....

Continue Reading
OMLYCLO Shakes Up U.S. Biologic Market as Key Player

Updated Category News Views 21

Ah, the pharmaceutical game is shifting again, and this time Celltrion USA's putting their chips down with OMLYCLO, the shiny new omalizumab biosimilar. Here we see a product that's not just approved but interchangeable with XOLAIR, making it a front-runner in the allergic and inflammatory conditions battleground. If you're a patient or a provider navigating these murky...

Continue Reading

Top 5 Most Recently Viewed Articles

Exploring the Future of Door Weather Strip Market Growth

Updated Category News Views 47

Decoding the Door Weather Strip Market Dynamics The Door Weather Strip Market is currently undergoing a transformative phase, fueled by a rising global demand for better energy efficiency in buildings and vehicles. These essential sealing materials play a pivotal role in enhancing comfort by blocking draughts, water, dust, and noise, thereby creating more pleasant...

Continue Reading
Innovative Pilot Program to Boost ARAKODA® Awareness

Updated Category News Views 151

So, 60 Degrees Pharmaceuticals decided to roll out this pilot program for ARAKODA® back in 2024, right? And let me tell ya, it wasn't just any old initiative; they were all about ramping up awareness and getting people on this antimalarial train. Traders took notice immediately—ARAKODA® was the only new antimalarial drug approved in over a decade, which should've...

Continue Reading
Constellation Software Reports Q2 2025 Financial Performance

Updated Category News Views 911

Constellation Software Financial Highlights Constellation Software Inc. (TSX: CSU) recently reported its financial outcomes for the second quarter, showcasing encouraging revenue growth accompanied by a quarterly dividend announcement. The company has declared a dividend of $1.00 per share, payable to eligible shareholders later in the year. Growth in Revenue During the...

Continue Reading
Golar LNG Completes $1.2 Billion Financing for FLNG Gimi

Updated Category News Views 178

Golar LNG's Major Financing Achievement Golar LNG Limited is thrilled to announce the successful closure and drawdown of a substantial $1.2 billion asset-backed debt facility. This agreement, reached with a consortium of reputable banks, marks a significant milestone for the company's ongoing projects involving the FLNG Gimi. The banking consortium includes prominent...

Continue Reading
Exploring the Growth Potential of Duty Free Market by 2033

Updated Category News Views 47

The Rise of the Duty Free and Travel Retail Market In recent years, the Duty Free and Travel Retail market has become a captivating area of focus, showcasing incredible growth. A recent report reveals that this sector, which was valued at approximately USD 38.9 billion in 2023, is on a trajectory to reach around USD 77.8 billion by 2033. This remarkable growth is...

Continue Reading