GlobeTel Communications Corp. (GTEM)

Press Release Source: GlobeTel Communications Corp.


GlobeTel Communications Corp. Symbol Changes to GTEM
Wednesday October 11, 10:08 am ET


FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--GlobeTel Communications Corp. today announced that shares of its stock now trade on the Pink Sheets under the symbol GTEM. The Company will keep its shareholders informed of the date on which trading will commence on the Over The Counter Bulletin Board.
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The Company also announced it intends to issue information within a short time frame related to its current status and state of affairs.

About GlobeTel Communications Corp.

GlobeTel Communications Corp. (Pink Sheets:GTEM - News) develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VoIP and Wireless Access technologies. Individually, each of GlobeTel's business units function as distinct, stand-alone entities. Together they're the components of the Company's SuperHub(TM) worldwide VoIP network concept, which is currently in development. Upon completion, the SuperHub(TM) will consist of the Sanswire Stratellite(TM) airship and other wireless products enabling simpler, cheaper transmission of voice, data and money. Historically focused on developing overseas markets, the Company has begun selling VoIP services and testing wireless networks within the United States. Current and pending operations exist in Asia, Africa, Europe, South America, Mexico and the Caribbean. For more information, please visit: www.globetel.net

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.


Contact:
GlobeTel Communications Corp., Fort Lauderdale
Robert Bleckman, Director of Investor Relations,
954-775-1427

Peter Khoury is the founding partner and former CEO of International Consulting Services, a global telecommunications practice focused on assisting companies with entering and effectively competing in an aggressive communications market. Mr. Khoury oversaw ICS's global operations and its business development practices. After graduating from the University of Sydney with an Honours degree in Chemical Engineering, Mr. Khoury obtained additional degrees in Computer Science and Business Administration. His career began as a Systems Engineer at IBM. He later joined companies Andersen Consulting and Digital Equipment, where he managed key assignments in the telecommunications, finance and insurance sectors in Singapore, Hong Kong, Japan, Australia and New Zealand.

Przemyslaw L. Kostro was first elected to the Company's Board of Directors in November 2001. From November 2001 to April 2002, he also served as the Chief Executive Officer of the Company prior to Mr. Huff's appointment. For the past six years, Mr. Kostro has been engaged in international business, and has been providing professional and consulting services to several public and private entities. He also currently serves as Chairman of Wafao S.A., a Polish software company, and as a director of Caterham Financial Management, a Malaysian company.

Mr. Kostro stated, "There's no sense denying the Company is in quite a different situation than it was when I left last November. Today's GlobeTel has much work to do to restore confidence among our shareholders. It's counterproductive to assign blame to any one entity or person or event for the current state of the Company's stock price and low morale among our investor base. Coming back into the role as interim Chairman during this challenging time will mean I will focus on immediate opportunities and working with Senior Management on restructuring the Company in a way that best fits our resources and technologies. I will also focus in the next week on securing the necessary funding to underpin our plans to restructure the Company and complete key projects already underway. Given the nature of the situation, we will be communicating with our shareholders over the next several days and weeks as these changes take place."

About GlobeTel Communications Corp.

GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in Stored Value, VOIP and Wireless Access technologies. Individually, each of GlobeTel's five business units function as distinct, stand-alone entities. Together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(TM) worldwide VoIP network, Sanswire Stratellite(TM) platform and products enabling simpler, cheaper transmission of voice, data and money. GlobeTel has historically focused its business development on markets outside of the United States. Current and pending operations exist in Asia, Africa, Europe, South America, Mexico and the Caribbean. For more information, please visit: www.globetel.net.

Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.

SOURCE: GlobeTel Communications Corp.


GlobeTel Communications Corp., Fort Lauderdale
Robert Bleckman, Director of Investor Relations
954-775-1427
Copyright Business Wire 2006

aber nach hinten losgegangen wie 95 % der Tips von den Abzocker-Briefen .

Ich schaue mir nur Charts an, die Empfehlungen weder von Pennystockraketen, oder wie die alle so heißen mögen, oder sonst jemanden interessieren mich überhaupt nicht...

GTEM ... [today announced that its Sanswire 2A technology demonstrator completed its first outdoor, low altitude, float test.]...

biz.yahoo.com/bw/061019/20061019005575.html?.v=1



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In addition to reducing our burn rate, the transaction contemplates the Company's continuing participation in MagicMoney through revenue sharing over three years with a possible extension to six years, if certain minimum payments are not made during the initial term. Revenues earned by GlobeTel will be based on the successful rollout of the platform by Gotham and on user fees following a formula that considers the total number of transactions on a Stored Value card and use of the card at any ATM, POS or other transaction, under closed and committed contracts GlobeTel had at the time of sale, and the number of transactions utilizing the Financial Processing Switch.

biz.yahoo.com/bw/061108/20061108005738.html?.v=1
.......................................
That’s it... let’s make some money now!

in den usa geht heute aber die post ab.
ist jemand an der quelle und weiss warum?

beve

wie alles andere auch !

;)


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News:

biz.yahoo.com/bw/061214/20061214005724.html?.v=1


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That’s it... let’s make some money now!

Glückwunsch.

 

Gruß BarCode