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[QUOTE]Originally posted by IMAKEMONEY: [QB] GlobeTel Delivers First Order of HotZone Equipment to Extend Joint Venture No Mas Cables' Coverage in Mexico May 10, 2007 12:32:00 (ET) FT. LAUDERDALE, Fla., May 10, 2007 /PRNewswire-FirstCall via COMTEX/ -- Fulfilling the first purchase order under its recently formed joint venture with VPN de Mexico, GlobeTel Communications Corp. (Pink Sheets: GTEM) (the "Company") today announced that 83 HotZone 4010 devices and accompanying antennae were shipped to the Company's No Mas Cables de Mexico (NMC) joint venture. The equipment is being used to extend NMC's wireless broadband network, envisioned to cover communities located between the city of Pachuca, State of Hidalgo, Mexico and Mexico City, Mexico. Between six and twelve HotZone 4010 devices are capable of covering one square kilometer of area, depending on conditions within the area including landscape, density, water content and existing noise within the usable spectrum. When installed in a contiguous pattern, the HotZone devices form a seamless wifi broadband "cloud." "We've already begun to benefit from outsourcing our manufacturing to OEMs, who will help us ensure that the demand for HotZone equipment will be met quickly and accurately," stated Peter Khoury, Chief Executive Officer of GlobeTel. "In addition to the benefit of supply fulfillment at a fixed cost, OEM relationships are expected to save the company nearly 50% of the costs associated with our wireless activities, and free up our staff to pursue additional markets and opportunities." Given the surgical way the HotZone technology can be installed, the plan includes covering areas within the heavily populated Mexico City . Pachuca corridor that are commercially viable, including the two middle-class communities (an aggregate 14,000 households) with very poor Internet penetration for which this lot of HotZone equipment was shipped. NMC was formed by GlobeTel and VPN de Mexico in April 2007 to build wireless broadband networks within Mexico. NMC expects to serve approximately 250,000 wireless broadband customers by the end of its third year of operation. About GlobeTel Communications Corp. GlobeTel Communications Corp. develops and provides an integrated suite of terrestrial and aerospace telecommunications products and services, leveraging its advances in VoIP and Wireless Access technologies. Its proprietary HotZone and Sanswire platforms enable simpler, cheaper transmission of voice and data. For more information, please visit: http://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, including an ongoing formal investigation by the U.S. Securities & Exchange Commission and delayed filings of quarterly results, any of which could cause the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release. SOURCE GlobeTel Communications Corp. Contact: Robert Bleckman, GlobeTel Communications Corp., +1-954-607-1295 http://www.globetel.net [/QB][/QUOTE]
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