GlobeTel Communications Corp. (OTCBB:GTEL) today announced that effective on Monday, May 23, 2005, the Company's shares will be moved to the American Stock Exchange and will trade under the symbol GTE.

The Amex granted approval to their exchange contingent upon the Company affecting a 1 for 15 reverse stock split. Further, this approval is contingent upon the Company remaining in compliance with all applicable listing standards until the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards.

Timothy Huff, CEO of GlobeTel, stated, "Our time has come to move to a more recognized trading exchange. We are looking forward to being listed on the AMEX and look forward to the next chapter in the financial life of the Company."

About the American Stock Exchange

The American Stock Exchange (Amex) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993.

Leading the industry in ETF listings, the Amex lists 155 ETFs; the Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com.

GlobeTel Communications Corp. (AMEX:GTE) today announced that it has acquired the assets of HotZone Wireless, LLC (HotZone). HotZone is an advanced developer of WIMAX and extended range WIFI Systems with operations in the United States and Europe. The acquisition was paid primarily in GTE shares and cash. The agreement calls for certain performances by the sellers to achieve the full consideration.

HotZone is currently developing WIMAX wireless systems for Sanswire's High Altitude Airship called a Stratellite(TM). This WIMAX system will provide radio technology for the wireless communications that will cover significant geographic areas up to 120,000 square miles. For more information on the Stratellite, go to: http://www.sanswire.com.

The acquisition of HotZone will provide advanced wireless products and services for terrestrial wide area networks covering rural and city areas. Upon deployment of the Stratellite(TM), on a region-by-region and country-by-country basis the communications technology will deliver high speed voice, data and rich streaming content, as well as other communications possibilities. For more information on HotZone, go to: http://www.hotzonewireless.net.

Timothy M. Huff, CEO of GlobeTel stated: "This acquisition of HotZone marks an important step forward in the strategy for GlobeTel and provides the wireless applications needed for the company to deliver high speed wireless broadband, voice, internet and IP Video to our partners and customers worldwide. We welcome Mr. Uli Altvater and his team to the Globetel family."

Mr. Uli Altvater, Managing Partner of HotZone added: "We have been working with GlobeTel in the systems development for the Stratellite(TM) since inception and we are very excited about the progress that Sanswire and GlobeTel are making. We feel that our radio technology is truly industry leading and this application is a paradigm shift in technology and we are pleased to provide our expertise to this combined effort. We are excited to be part of the GlobeTel and Sanswire team. The continued development of our products and services in the arena of wide area wireless communications and new technologies will continue to place GlobeTel at the forefront of wireless communications."

The HotZone product line includes wireless routers which cover complete metropolitan areas or regions with wireless services as WiFi (802.11), WIMAX (802.16), and wireless VoIP services using DECT and PHS Handsets. HotZone provides the only available integrated outdoor system covering all these protocols with a single system. HotZone also implements innovative DVB-RCT Technologies enabling wireless transmission of voice, data and real-time video.

Primary consideration for the purchase is 666,667 GlobeTel common shares paid yearly for three years upon the successful completion of certain developmental milestones. Additionally, Mr. Altvater and his staff are entering into employment agreements with Globetel.

About HotZone Wireless LLC:

HotZone Wireless develops, manufactures, and installs wireless metropolitan systems. The main products are wireless routers and customer premises devices. HotZone networks are operational in several cities in Europe and in the United States.

About Sanswire Networks, LLC:

Sanswire Networks is a wholly owned subsidiary of GlobeTel Communications Corp. whose shares are publicly traded on American Stock Exchange under the symbol GTE.

A Stratellite(TM) is a high-altitude airship that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.

The Stratellite(TM) is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite(TM) will allow subscribers to easily communicate in "both directions" using readily available wireless devices. http://www.sanswire.com

About GlobeTel Communications Corp.:

GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.

Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.

Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net.