SECURITIES COMMISSION OF THE BAHAMAS

PRESS RELEASE - FOR IMMEDIATE RELEASE

RE: GAP Management Technology Corporation And Global Investment Fund And Mr. Robert Montemarano, President

July 21, 2000

1.  It appears to the Securities Commission of the Bahamas that the above-noted companies and related individuals are involved in the solicitation for sales of securities in The Bahamas from Clearwater, Florida, USA.  This solicitation is contrary to Section 54(1) of the Securities Industry Act, 1999 ("the Act").

2.  The Securities Commission of the Bahamas has NOT approved the invitation to the Bahamian public to subscribe for securities from GAP Management Technology Corporation, Global Investment Fund or Mr. Robert Montemarano.

3.  The Securities Commission of the Bahamas has referred this matter to the U.S. Securities and Exchange Commission requesting their assistance.

4.  Any person who has been contacted in regard to this solicitation is invited to contact Mr. L. Sydney Saunders, Manager, Securities Regulation Department at the Securities Commission of the Bahamas by telephone number 356-6291; or by writing to P.O. 8347, Nassau, Bahamas.

For more information please contact: Mr. Hillary H. Deveaux

To return to the press release main page please click here.