Geotele.com Files for Chapter 11
NEW YORK--(BUSINESS WIRE)--Jan. 14, 2000--Geotele.com, Inc. (OTCBB:GEOL - news) announced today that it has filed a petition under chapter 11 of the United States Bankruptcy code in the Southern District of New York.
Geotele.com, Inc. will continue to operate in the normal course of business while it reorganizes and attempts to work out a plan with its creditors.
The company believes that it will still able to commence deployment of its Voip Network and operate its various websites under the Bizcube.com umbrella. These developments should help the company in creating a viable plan of reorganization.
Except for the historical information contained herein, all of the above mentioned contains forward-looking statements within the meaning of section 27A of the securities Act of 1933, as amended. Such forward looking statements, including but not limited to, legislation that may affect industry regulation.
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