Global Approach Limited (ASX:GLO) today announced a strong trend of growing turnover and revenue for the first 2 months of 2004. In addition, the company has announced a number of key payment system advances that directors expect will further assist growth in 2004.
Jumbo Corporation Limited currently holds 19.9% of the fully paid ordinary shares in GLO plus 4.5 million tradeable options (ASX:GLOO) and 4.93 million unlisted 10c options.
Various marketing and technological synergies exist between the online retailing operations of JUM and the online gaming and entertainment operations of GLO. The various online payment systems used by GLO is one example of these benefits.
“The Music Hall online casino has grown rapidly over the past 2 months and is setting itself for an active year ahead”, said Mr Mike Veverka, CEO of Jumbo Corp. “JUM’s investment in GLO is looking good and we will continue to monitor its progress”.
For further enquiries, please contact:
Mike Veverka, CEO
Ph: (07) 3831 3705
Fx: (07) 3831 9720