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[QUOTE]Originally posted by IMAKEMONEY: [QB] New President Named for GlobeTel Wireless Europe GmbH Nov 9, 2006 14:42:11 (ET) FORT LAUDERDALE, Fla. & BAD RAPPENAU, Germany, Nov 09, 2006 (BUSINESS WIRE) -- As part of the previously announced restructuring of its operations, GlobeTel Communications Corp. (GTEM, Trade ) announced that Sigwald Leder was named President of GlobeTel Wireless Europe GmbH (GTWE), a subsidiary of the Company's GlobeTel Wireless division. Mr. Leder replaces Klaus Bonn, who left the Company on October 31. Mr. Leder joined GTWE in October 2006, having previously worked with GlobeTel Wireless president Uli Altvater at Altvater GmbH Systementwicklung. He was a member of the system engineers group, where he designed and managed computer networks. Later, Mr. Leder formed his own company in which he built and managed networks for small and mid-sized businesses, and provided a suite a telephony services. He earned a Master's degree in Computer Science from the Universitat Karlsruhe, one of Germany's more notable technology research institutions. Currently, Mr. Leder is evaluating the projects under GTWE's management, including the current state of the Heilbronn network, and will make recommendations to GlobeTel management regarding future strategies and actions. Peter Khoury, Chief Executive Officer, "Similar to the restructuring of other units within GlobeTel, the changes made within GTWE reflect our desire for increased efficiency, and to give us a stronger base of operations in Europe. Our changes within GTWE have been solely managerial in nature, and we look forward to continuing the operation of GTWE in Germany. I have the utmost of confidence in Siggy's capabilities, and believe his leadership will be valuable moving ahead." About GlobeTel Wireless GlobeTel Wireless focuses on the accelerated global deployment of advanced wireless networks and the delivery of cost effective broadband, mobile telephony and video services. Formerly called HotZone Wireless, GlobeTel Wireless uses its branded line of HotZone wireless products and services. The newly developed HotZone 4010 WiMax/WiFi wireless base station, created through many years of R&D, is able to provide more bandwidth for less money than other wireless solutions on the market. This solution allows clients to implement advanced voice services, high-speed Internet and quality video applications. It is the only integrated base station that combines the functionality of Wireless LAN, DECT and WiMax. Our proprietary wireless access points differ tremendously from other available Hot Spot installations, due to their extended range capabilities and ability to work inside and outside of buildings. This WiMax solution is completely scalable, has a point-to-point range of up to 35 miles and will work effectively with existing Wi-Fi end user equipment and future WiMax standards. 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 [/QB][/QUOTE]
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