Most recently, he served as
Managing Director of global business operations for Pan Pacific Group
International Limited, where he handled businesses in financial services,
development/construction, tourism, mining and manufacturing sectors.
assumes no obligation to update such statements.

barbados society

It is the largest GSM mobile operator in the
region and plans to extend its footprint into other Caribbean countries.
Visit http://www.com.
Metropolis Technologies Corp. This
agreement boosts market potential for Metropolis's products by providing
distribution opportunities through CyberGlobe's network, creating
significant, new monetization opportunities for the Company. into
potential new lines of business will not be successful.

barbados haiti

The company is the lead sponsor of Caribbean sports teams including the
West Indies Cricket Team, Special Olympics teams across the Caribbean and is
title sponsor of the Digicel Caribbean Football Union Cup, which involves over
30 Caribbean countries and is an important qualifier towards the CONCACAF Gold
Cup .

islands java

Today Denis O'Brien, Chairman, Digicel, stated "This is a most significant
milestone for Digicel. CyberGlobe
will initially focus on the Caribbean region and Canada followed by other
countries in the Americas.

This category includes links to regional-level sites and regional-wide categories related to societal organizations and groups.

societal rotary

Under the terms of the agreement, Metropolis will acquire all of the
outstanding shares of privately-held CyberGlobe for a total up-front
consideration of $2.

grenada chamber

The Company is currently planning to extend its footprint into
other Caribbean countries and is currently one of five operators involved in a
telecom license selection process in Trinidad and Tobago."
"The syndicated funding which Citigroup has led involves major banks
across the globe and it signals the exciting growth opportunities which exist
for Digicel in an increasing number of rapidly developing markets.
"This transaction provides Digicel with a financial profile that allows it
to invest further in its existing operations as well as execute on further
expansion plans throughout the region. Naarendorp's
vast contacts within CARICOM will facilitate the implementation of
CyberGlobe portals throughout the region.

societal java

Citigroup Leads Syndicated Deal; Digicel Financial Profile Recognized by
Institutional Banks and Investors Across U. Vincent and the Grenadines , and is
the largest GSM mobile operator in the region with an average market share of
60 percent . Major brand names under Citigroup's trademark
red umbrella include Citibank, CitiFinancial, Primerica , Smith Barney,
Banamex, and Travelers Life and Annuity. Mr.

lucia chamber

Lucia,
St.citigroup.

chamber organizations

Digicel Signs $408 Million Agreement to Increase Capital and Fund Aggressive Growth

It provides
e-commerce capabilities to merchants and enables merchants to market their
products and services through the CyberGlobe network.

java islands

CyberGlobe will deploy and operate a city
portal network that empowers partners and members to self-publish
information about their organization directly onto the web.

haiti trinidad

Lucia, St . "We see significant growth potential and
with strategic planning we intend to maximize the effectiveness of our
entire operation.

Harvey Naarendorp brings a wealth of experience to the board of directors
and will drive the strategic direction of the Company. Naarendorp was Minister of
Foreign Affairs for Suriname from 1981 until 1983 and served as Suriname's
Ambassador to Mexico (1984-1987), Brazil (1987-1990) and Trinidad and
Tobago (1997-2001). He was a member of the consultancy team that guided
Suriname's membership of CARICOM in 1994 and has assisted in the drafting
of other international agreements.

Mr. All
forward-looking statements are based on information available to Metropolis
Technologies Corp.

level categories

V. The company's customer base grew 33 percent in 2004 and was recently
ranked number one in customer satisfaction in Jamaica. The transaction was very well received
by both international and regional investors in recognition of Digicel's
impressive performance to date in the Caribbean region," said Julie Siskind,
Citigroup's senior transactor for the financing.

CyberGlobe will streamline and improve communications between buyers and
sellers as partners and members are integrated into the CyberGlobe
marketplace. Those statements involve risks and
uncertainties, and actual results could differ materially from those
discussed.

level tobago

The funding provides for capital enlargement for Digicel and for the rapid
acceleration of the Company's aggressive expansion strategy in the Caribbean. In three years, Digicel has
become renowned for competitive rates, unbeatable coverage , superior customer
care, and a wide variety of products and services, and state-of-the-art
handsets .

This announcement contains forward-looking statements regarding Metropolis
Technologies Corp . The possibility that integration of CyberGlobe's offerings
following the transaction may be more difficult than expected, and the
possibility that entry by CyberGlobe and Metropolis Technologies Inc.

rico user

The Company has also streamlined its
corporate structure, including restructuring debt and completing the buyout of
minority equity holders including the I.com for more information on Digicel. (OTC: MTPT) announced today that it has agreed to acquire CyberGlobe
International Holdings AVV, an Internet portal company. Naarendorp was awarded a Master of Law degree from the University of
Amsterdam and has served as a lecturer of Private and Business Law at the
Law Faculty of the University of Suriname .

rotary islands

Butterfield + Son Limited, Trinidad and Tobago Unit Trust
Corporation, The Bank of Nova Scotia Limited , National Commercial Bank and FMO
Financierings-Maatschappij voor Ontwikkelingslanden N. on the date hereof, and Metropolis Technologies Corp.

tobago grenada

(International Finance
Corporation) through a bond offering partially tied to the Jamaican and
Trinidad and Tobago capital markets.
Digicel, with a current workforce of over 1,000, has enjoyed rapid growth
by aggressively winning significant market share in every market it has
entered. Additional information may be found
at http://www.

Michael Smith, a graduate of Babson College, will be based in Trinidad and
has extensive experience in the Caribbean.

Metropolis Technologies Corp. CyberGlobe enables
e-commerce on a local, national and international basis with an array of
interconnected portals.

lucia jamaica

F. We are now strategically positioned to move to the next
phase of our expansion.
Digicel is incorporated in Bermuda and operates in seven countries
including Aruba, Barbados, The Cayman Islands, Grenada, Jamaica, St.

PRESS RELEASE Metropolis Technologies Enters Agreement to Acquire CyberGlobe International Holdings AVV

The acquisition of CyberGlobe will strengthen Metropolis' presence in the
Caribbean marketplace, while opening several new lines of business. Buyers will gain an easy and efficient way to communicate
with sellers, while receiving the information they need to buy, and sellers
can more easily build relationships with customers and close sales.

society trinidad

Digicel operates in seven countries, including Aruba, Barbados , The Cayman
Islands, Grenada, Jamaica, St.T.

About Citigroup
Citigroup (NYSE: C ), the leading global financial services company, has
some 200 million customer accounts and does business in more than 100
countries, providing consumers, corporations, governments and institutions
with a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, insurance, securities
brokerage, and asset management.

"We are very pleased with this acquisition as it represents an opportunity
for both companies to reduce costs by sharing infrastructure and
administrative facilities," commented Michael Smith , President of
Metropolis Technologies Corp. and the expected impact of the acquisition of CyberGlobe
International Holdings AVV. Factors that could cause or contribute to such differences
include , but are not limited to, the timing of the closing of the
transaction, the possibility that the transaction may not close, the
reaction of the users of CyberGlobe's services, the future growth of
CyberGlobe 's user base and public acceptance of Internet services, rapid
technological changes in the Internet sector, the reaction of competitors
to the transaction, global developments in the regulation of Internet
services.

chamber cayman

5 million cash and shares of Metropolis, which are
subject to certain restrictions on resale. CARICOM Members States are: Antigua &
Barduda; Barbados; Belize; Dominica; Grenada; Guyana; Haiti; Jamaica;
Montserrat; Saint Kitts & Nevis; Saint Lucia; Suriname; The Bahamas; and
Trinidad & Tobago.

islands cayman

digicelgroup.

About Metropolis Technologies Corp.

About CyberGlobe International Holdings AVV

Founded in 1998 CyberGlobe is pioneering communities built on commerce,
sustained by trust, and inspired by opportunity. CyberGlobe will become a premier provider of local
information in the Caribbean on topics ranging from restaurants and
shopping to travel and professional services .

haiti trinidad

The funding agreement includes US$120 million in (new) debt capital to
fund its growth and acquisition strategy. creates and distributes software products
designed exclusively for the Internet that are then sold or licensed to
customers.

barbados level

S.C. In addition, a new
board of directors has been selected, with Harvey Naarendorp appointed as
Chairman of the Board, and Michael Smith appointed as Director and
President of the Company.

chamber culture

puerto haiti

About Digicel
Since its launch in 2001 , Digicel has become the fastest growing mobile
telecommunications operator in the Caribbean.
By offering innovative mobile services and community support, Digicel has
become a leading brand in the Caribbean and has placed the region at the
cutting edge of mobile communications. Vincent and the Grenadines. Metropolis' flagship Content Management Software enables all
content owners to populate websites, Internet, and Intranet without the
assistance of technical personnel.

organizations lucia

, Europe , and Caribbean

KINGSTON, Jamaica and NEW YORK, Digicel Group, the
fastest growing mobile telecommunications company in the Caribbean, today
announced that it has completed a $408 million syndicated funding agreement
led by Citigroup (NYSE: C) in New York."
Banks involved in the new funding include Nordea Bank AB, EDC (Export
Development Canada), Allied Irish Bank, Bank of Ireland , Deutsche Bank AG,
Bank of N."

CyberGlobe is creating a powerful interconnected global portal network
which includes as a unique feature a geographical navigator. Mr.

rotary level

---

- - kjjkjk

Loading...

(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)