SANTA MONICA, Calif., Feb. 19, 2004 (PRIMEZONE) -- Global Medical Products Holdings, Inc. (Other OTC:GMDP) and EarthNetMedia, Inc. (OTCBB:ENTM) announced today the appointment of Keith W. Berglund as President and Chief Executive Officer of GlobeLink Capital, Inc. replacing Karl R. Rolls, Jr. who has resigned effective with this announcement. GlobeLink Capital, Inc. is a venture capital and funding company jointly formed by EarthNetMedia, Inc. and JWG Enterprises, Inc. to assist in the research, development and funding of small entrepreneurial companies in the Far East and North America. JWG Enterprises, Inc. recently assigned all rights to GlobeLink Capital, Inc. to Global Medical Products Holdings, Inc.
Mr. Berglund received his B.S. in Business from Eastern Illinois University in 1979 and his M.B.A. with honors and J.D. from DePaul University in 1983. He first began his business career as an attache with the Royal Danish consulate where he assisted in marketing efforts for Scandinavian products in North America. He then joined Evans Transportation Group (a Fortune 200 company) as a Treasury Analyst and subsequently as a Trust Analyst for Northern Trust (Chicago).
In 1983, Mr. Berglund began his legal career as a clerk for a federal judge in Chicago. Subsequent to that he had affiliations with such law firms as Sidney & Austin; Jones, Day, Reavis and Pogue; Paul, Hastings, Janowski & Walker, where he was a partner; and Dewey & Ballantine, where he chaired their Restructuring Group. In 2002, Mr. Berglund formed his own consultancy practice, The Berglund Group, in Los Angeles, Ca. His clients have included GECC, CIC Industrial Credit, Bankers Trust Commercial Credit, Brentwood Venture Capital plus the Lone Star Opportunity Fund -- to name a few. Mr. Berglund has extensive loan structuring experience in Mexico, Central and South America, Europe and Asia.
Mr. Berglund is a member of the California, Illinois, Georgia, Federal and American Bar Associations. He is also an active member of the Scandinavian Chamber of Commerce.
GLOBAL MEDICAL PRODUCTS HOLDINGS, INC. SETS STOCK DIVIDEND RECORD DATE
On February 18, 2004, the Board of Directors of Global Medical Products Holdings, Inc., Inc. approved a stock spin-off dividend in GlobeLink Capital, Inc. that will be payable June 1, 2004 to shareholders of record at the close of business on March 5, 2004. Shareholders will receive one (1) share of Common Stock of GlobeLink Capital, Inc. for every fifty (50) shares of the common stock of Global Medical Products Holdings, Inc. owned prior to the record date.
As part of the assignment agreement with JWG Enterprises, Inc., Global Medical Products Holdings, Inc. will receive from JWG Enterprises, Inc. twenty (20) per cent of the authorized stock in GlobeLink Capital, Inc. or 5 million shares. Global Medical Products Holdings, Inc. will spin-off to its shareholders 2.5 million shares of the common stock of GlobeLink Capital, Inc. in the form of a stock dividend. Shares will be paid for full 50 share blocks of Global Medical Products Holdings, Inc. Fractional shares will not be paid.
About Global Medical Products Holdings, Inc.
Global Medical Products Holdings, Inc. is a U.S.-based technology company specializing in the development, manufacture, and distribution of cardiovascular and body fluid-related products for the growing worldwide medical market. Global Medical Products Holdings, Inc. focuses 50% of its revenue base in China and 50% in North America and Europe. China represents some 1.3 billion people, twice the population size of North America. It is the only world market leader that has enjoyed an eight percent annual growth in its Gross National Product in recent years and should continued to do so through 2010.
The Company is contemplating increasing its exposure to the global marketplace by assisting small foreign companies arrange for financing and marketing of their products.
The Company maintains a public web site at www.globalmedprod.com.