20/20 Web Design, Inc. announced that it has executed a definitive agreement, accounted for as an acquisition, to acquire Newport Beach based Smart-e-Card developer BentleyTel.com Inc. [http://www.bentleytel.com]
20/20 Web Design, Inc.’s management has approved a 4-1 forward split of its common stock with a record date of April 16, 2001. The Company has also filed to change its OTCBB trading symbol and the Company’s name to BentleyTel.com Inc.
The Company announced that Mr. Irving Einhorn, former Regional Administrator for the Los Angeles Securities & Exchange Commission, has accepted the position of Chairman of the Board of BentleyTel. Mr. Einhorn is presently an attorney in private practice and the Company is privileged to have him as chairman. The Company is seeking to expand its board further and has had positive indications for board positions from its strategic partners and other related technology companies.
BentleyTel’s Snap & Send Card, to be released this month, is the first of in a series of innovative international re-chargeable card products that will be released by the Company.
The BentleyTel Snap & Send card is also being marketed as an entry-level to first time “plastic users.” The marketing plan calls for an automatic upgrade to a BentleyTel Smart-e-Card after 10 recharges. The Smart-e-Card carries the same international phone platform but is also a stored value/ATM and international e-funds transfer card. ([http://www.smart-e-card.net])
The BentleyTel products are designed to connect family members around the world and corporate travelers to their respective offices and homes via a range of phone, financial services and global unified messaging services. Management is scheduled to proceed to Australia, Malaysia and Philippines to visit its new subsidiaries and to meet the BentleyTel management in each country.
BentleyTel is currently operating as a subsidiary of Global TeleMedia International (OTC Bulletin Board: GLTI), though Global must satisfy pre- existing conditions, a legacy of previous management, in order to satisfy the escrow provisions in order to complete its control of BentleyTel.
Information : Contact 949-253-9588
BentleyTel.com, ([http://www.bentleytel.com]) is a leading developer of Smart-e- Cards [http://www.smart-e-card.net] interactive software for complex E-commerce solutions, Voice over IP, LAN VPN (Virtual Private Network), ISP, Virtual ISP, The Company also owns telecom, ISP, and software development facilities in the USA, Australia, Malaysia and the Philippines.