Global TransNet Cites Acquisition Goals

Global TransNet Corp., Severna Park, Md., has announced its 2005 financial services business plan, which includes a goal of acquiring businesses in three distinct segments, two of them involving mortgages.GTN says it plans to acquire a conventional mortgage company and a nonconventional lending company. The third business is barter exchanges. The company said conventional mortgages are expected to grow over the next 10 years as housing starts continue at the same rate as in the 1990s, or better. For the nonconventional lending business, GTN said only when there is ample collateral will the subsidiary make a loan. GTN is a holding company that is thinly traded over the pink sheets. (The last trade was on Dec. 16, 2004, according to Yahoo Finance.)