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Our
Vision
International trade has been a vital part
of the world economy for thousands of years. Today, international trade is larger and more
important than it has ever been; billions of dollars worth of goods cross borders every
day and most countries depend on importing and exporting certain goods. Still, we at
Globus believe that the way in which trade is conducted still has a long way to go to
catch up to the technological advances of the past decades. Much of trade today is still
done in "old fashioned," and inefficient, ways. There are still language
barriers, difficulties reaching markets, and cultural hurdles which hinder the efficiency
of trade.
Globus has certainly done its share of
Ìold fashioned. trade, so we are very aware of the industry, its difficulties, and its
potential. For this reason, we have spent the last few years brainstorming innovative ways
to streamline trade and to increase the exposure of goods, especially goods which come
from those countries that have not yet developed an ideal marketing climate.
As a business focusing on world trade,
Globus International Resources Corporation has developed a three-fold approach to success
and growth:
First, we represent companies in all
parts of the globe through established contracts þ we link international buyers and
sellers, arrange the details of trade, and seek new and more profitable markets. Whether
itôs steel from Ukraine , natural rubber from Asia , fish from Northern Europe , or
poultry from the United States , Globus serves as a broker experienced in the diverse
languages and business cultures that make up the perplexing arena of world trade
Second, we have programmed and made
available to all businesses an amazing, multilingual website called E-GlobusNet
currently available in English, Russian, German, French, and Spanish. This website has
been in testing and development for almost three years, and has finally been Ìlaunched..
Through E-GlobusNet, our company provides a wide exposure and simplified trade process to
those companies we represent through contracts. In addition, any company can post products
for free; buyers and sellers pay a small commission only after a trade has been conducted.
We have a wide variety of products from countries as far apart as the U.S. , the Russian
Federation , China , South Korea , India , Ukraine , Czech Republic , and all parts of
Western Europe . We believe that the internet is the future of trade, and we are confident
that we are right on top of this revolution. Please read more about this project in the
section on E-GlobusNet.
Third since 1997, Globus has
invested an incredible amount of time, energy, and money into the possible construction of
refrigerated storage facilities which would provide a steady flow of revenue and give our
company a significant advantage over other trade companies. Please read about this
exciting project in our ÌWarehousing. section.
Fourth, Globus has recently begun
major, aggressive acquisitions of large, profitable overseas companies. Please read about
this in our acquisition section.
Acquisition:
In October 2002, Globus announced a major
acquisition of three Russian companies. The deal had been in negotiation for approximately
two years. Currently, Price Waterhouse is conducting an audit of these companies in Russia
to confirm the estimated financials of the companies ($240M in sales; $50M pre-tax
profits). Once the audits are successfully completed (approximately December 2002), final
negotiations of the acquisitions will occur. At that point, all of the sales and profits
of the three Russian companies will be part of Globus' financials.
To learn more, please listen to a recent
interview of Globus Management at Ceocast.com
and read below our recent S-8 detailing the acquisition:
The Registrant has entered into a Letter of
Intent for the acquisition of 100% of the capital stock of three foreign corporations in
exchange for such number of shares of the Registrant's common stock as shall equal eighty
(80%) percent of the Registrant's total issued and outstanding shares. This transaction,
when completed, will result in a change in control of Registrant in that the shareholders
of the three foreign companies will own the majority of the Registrant's capital stock.
The three companies, with a brief
description of their activities, are:
1. OOO Essentuki is a Russian corporation
engaged in manufacturing operations in three diverse areas. This company's principal
operations center around its water bottling division which bottles the mineral waters
found in the Kislovodsk area of Russia. This plant currently operates two production
lines, with a combined capacity of 12,000 bottles per hour, on three-shift per day basis
for a total daily output of approximately 240,000 bottles of water. Based upon its most
recent year of operations, on an unaudited basis, this division had sales in 2001 of
approximately $86.4 Million. The company's second division centers around an alcohol
production plant that produces pure alcohol used as filler for the production of spirits.
This division has an annual production of approximately 600,000 liters of alcohol with
sales of approximately $7.9 Million in 2001. The company's third division is a food
processing plant that specializes in the production of eggplant paste and canned meat.
Production rates have been approximately 300,000 cans of eggplant paste and 500,000 cans
of meat annually. Total annual sales were approximately $8.5 Million in 2001.
2. OOO ARMISYSTEM is located in the city of
Voronezh, Russia. This company specializes in the production of medical equipment
including blood droppers, infusion droppers (used primarily for military purposes in
battlefield situations), catheters, containers for infusion solutions plasma and its
components and others. This company has one subsidiary, OOO MEDPLAST, which is engaged in
the publishing industry with a plant for the production of high quality offset prints,
such as photographs, magazines, advertising brochures, etc. The company's total annual
sales were approximately $80 Million in 2001.
3. OOO ELFARMI is located in Nalchik,
Russia. This company operates a plant for the production of blood substitutes and patented
medicines under license. A separate production line produces disposable syringes. This
company had total sales of approximately $55 Million in 2001.
Management of the companies being acquired
is expected to remain unchanged following the acquisition by Registrant.
Management believes that these acquisitions
will substantially enhance the Registrant's overall business operations and is expected to
add approximately $240 Million in revenues to the Registrant's existing revenues. The
Letter of Intent is subject to formal agreements that are being negotiated at this time,
completion of due diligence investigation and delivery of audited financial statements by
the companies being acquired prepared according to US GAAP standards and in compliance
with Regulation S-X under the Securities Act.
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10/11/02 
