CSE approves GLC new share listing

Global Consolidator (formerly Globalsoft) announced that on April 22, 2005 the CSE Council in agreement with the Securities & Exchange Commission (SEC) approved the Prospectus of the company for the placement of 6,000,000 ordinary shares of nominal value 25 cents each.

In line with shareholder approval taken during Extraordinary General Meetings held on August 9, 2001 and May 25, 2004, the above shares have resulted from a) the conversion of 21,403,200 of A Class shares and 8,596,800 Class B shares to ordinary shares of Global Consolidator Ltd (GLC) in the ratio of one ordinary share of nominal value 5 cents for every share of Class A or Class B held by the shareholders and the reverse subdivision of the ordinary shares in the ratio of one for every five shares.