TAG-Consultants/Ramallah Administers Global Telecom?s IPO

The Global Telecom?s initial public offering (IPO), administered by Talal Abu-Ghazaleh Consulting (TAG-Consultants) started at all branches of the Arab Bank, Palestine Bank and Jerusalem Bank

RAMALLAH --- May 26, 2009 ---The Globalcom Telecommunications? initial public offering (IPO), administered by Talal Abu-Ghazaleh Consulting (TAG-Consultants), has started today at all branches of the Arab Bank, Palestine Bank and Jerusalem Bank.

According to an agreement signed by the two parties, TAG-Consultants was assigned to administer Globalcom?s IPO after its outstanding success in conducting the first phase; which consisted of obtaining the required approvals from the Palestine Capital Market Authority to offer 12 million shares.

The IPO was announced in all the Palestinian daily newspapers in addition to a clarification of the legal procedures issued by the Palestine Capital Market Authority and the Companies Comptroller at the Ministry of National Economy.

It is worth mentioning that TAG-Consultants / Ramallah Office has accomplished the process of the Palestinian Islamic Bank?s IPO earlier this year.

GlobalCom is a leading provider of Wi-Fi (Wireless Internet) and VoIP (Voice over Internet Protocol) Internet phone services, serving both nationwide residential and business customers. GlobalCom entered the Internet telephony market in January 2006, and with its wide variety of reliable products quickly gained recognition among other established VoIP companies.

About TAG-Consultants
Talal Abu-Ghazaleh & Co. Consulting (TAG-Consultants) has acquired an outstanding record of success among its clients in Strategic Studies, Financial Evaluation and Structuring, Market Research, Business Planning, Business Valuation, Administrative Systems, Organization and Methods, HR consulting, Economic & Environmental Studies, Professional Training, Project Development Management, Management Information Systems (MIS), Mergers and Acquisition, Automated Documentation Systems, Recruitment Services, Total Quality Management & ISO 9000, Environmental Management Systems ISO 14000, and CE Marking.