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Edited by Christopher Simmons, senior news editor


GTDATA Corp. to Pursue Buyer for TSLi

SIMI VALLEY, Calif. - Nov. 13, 2003 /Send2Press Newswire/ -- GTDATA Corp. (OTC BB: GTDT) announced today that the company's board of directors has approved pursuing a buyer for the operations of its wholly owned subsidiary, Technical Services and Logistics, Inc. (TSLi). The Company's goal is to sell the operations of TSLi, thereby allowing GTDATA to continue in a different direction.

The decision was based on TSLi's deteriorating financial condition, which has worsened since TSLi lost several of its key customers earlier this year. The Company does not expect to reap any financial benefit should it be able to sell TSLi's operations. There can be no assurance that the Company will be able to consummate such a transaction, and in the event that it can't, the Company will most likely be forced to liquidate TSLi.

Safe Harbor Statement: Statements in this news release that are not purely historical are forward-looking statements within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. These statements are made based upon information currently available to the Company, and the Company assumes no responsibility to update or revise such forward-looking statements. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may cause the Company's actual results to differ from such forward-looking statements. These risks and uncertainties include, without limitation, general economic conditions and other factors that may be more fully described in the company's literature and periodic filings with the Securities and Exchange Commission. This news release is not a solicitation to buy or sell securities, and it does not purport to be a complete analysis of the Company's financial position.


Organization Website: n/a
Source of News: GTDATA Corporation

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