During the past 10 days, Global Roaming Distribution, Inc. (GRDB.OB) has seen a huge increase in demand for its stock, as the trading volume has increased from around 8,000 shares on May 8 to over 265,000 shares on May 16. Today’s volume was an all-time high, totaling at 346,648 traded shares.
Global Roaming Distribution, Inc. is a US-based telecommunications company specializing in providing extremely low-cost roaming solutions. Its subsidiary, CelTrek, provides a low cost global telephony solution for business and leisure travelers. It has created strategic alliances with leaders in cellular industry, and has developed a cost effective way to provide global telecommunications without the roaming charges.
The customer can purchase the service either through the company’s easy-to-use website, or from a reseller or distributor. A customer makes a one-time purchase of a SIM for placement in a cell phone (and a telephone if needed), then uses the phone as usual, paying only for minutes used. The service provides features such as voicemail, number recognition, call forwarding, text messaging and real-time bill management. Since the customer only pays for what he uses, there are no contracts or commitments. The service allows users to make and receive cell phone calls on over 300 GSM networks worldwide, in over 160 countries. This is a simple, cost effective solution to international mobile communication services.
In the past several months, Research in Motion and Apple have proven that they are the market leaders in creating cellular telephones. Their products are in such high demand that sometimes it is difficult to keep them in stock. The increased share volume of Global Roaming Distribution, Inc reflects the market’s recognition that – as RIMM and Apple expand the market for their products – Blackberries and iPhones will be used all over the world by business travelers and tourists.
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