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GlobeTel Provides Second Quarter 2005 Revenues via COMTEX
July 12, 2005
FORT LAUDERDALE, Fla., Jul 12, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) announced today its revenues for the second quarter 2005 will be in excess of $19 million with projected annual revenues in excess of $80 million. This represents an increase of approximately $1 million over the first quarter 2005 and four times the revenue of the second quarter 2004. GlobeTel is expecting to file its SEC Form 10Q early in August 2005.
Timothy Huff, CEO of GlobeTel, stated, "We are pleased with our overall performance. With the acquisition of the switch and expansion of our Los Angeles telecommunications facility, and the expected expansion of our Stored Value Card and VOIP Phone products in the third and fourth quarters, we are on track to be breakeven by the third quarter and profitable in the fourth quarter 2005."
Mr. Huff continued, "We have a strong cash position and balance sheet and all our projects, including the Stratellite, are expected to be fully funded. We look forward to moving to a revenue producing position with our stored value and VOIP products in coming months and are excited about our company and product offerings moving forward."
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation 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, through its Sanswire Networks LLC subsidiary. 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 GTEL can be found on our web site at 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 Placement 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. The above are more fully discussed in the Company's SEC filings
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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GlobeTel Enters into Joint Venture to Deploy Stratellites in Europe, the Middle East and Africa via COMTEX
July 12, 2005
FORT LAUDERDALE, Fla., Jul 12, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that it has entered into a joint venture that will lead to the deployment of the company's high altitude communications platforms known as Stratellites, throughout Europe, the Middle East, Africa, and the countries of the former Soviet Union.
The joint venture is between Sanswire Networks LLC, a wholly-owned subsidiary of GlobeTel, and a venture headed by Leo A. Daly III and J. Randolph Dumas, noted international businessmen and dealmakers. Sanswire will own 55% of the joint venture entity.
"We are excited to enter a joint venture with two people of such high caliber and who have tremendous enthusiasm for the Stratellite project. Working with Mr. Daly and Mr. Dumas, we will be able to open doors to governments and corporations across Europe and throughout the world," said Timothy Huff, GlobeTel's Chief Executive Officer.
"The Stratellite is a paradigm changing technology with which we are proud to be associated," stated Mr. Daly, who will be Chairman of the joint venture. "We have known Tim Huff for a number of years, and are excited about the Stratellite and glad to be working with him."
Messrs. Daly and Dumas will use their extensive world-wide business relationships to introduce the Stratellite program to officials at the highest levels of government and business on three continents.
Mr. Daly is the third generation Chairman and owner of Leo A. Daly, the world's largest privately-owned architectural, engineering and design firm, with approximately 1,400 professional employees and 16 strategically located offices in the United States, Europe, Asia and the Middle East. As a result of his exceptional business, political and social standing around the world, Mr. Daly has developed a cadre of close personal relationships with leading political figures, heads of state, influential business, cultural and social personalities and other world leaders.
Mr. Dumas is Managing Partner of Rubikon Partners, an international private equity fund that focuses on corporate leveraged buyouts in Europe. With more than 25 years of business experience in Europe, Mr. Dumas began his business career in London as a partner with Salomon Brothers, following a career as a Naval Aviation Officer and after receiving his MBA from The Wharton School at the University of Pennsylvania.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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News at the right time. Now come back to bollinger band. Let's see if it will give the first green candle tommorow. But for valuation, this stock can only play speculation.
posted
My re-entry point was going to be 1.90... I went to lunch and made a delivery and came back to this. I missed it.... Nice for you guys that made it. Dust. I will wait for it to come back down.
-------------------- If all goes well then great, if not, make it work.
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A buying frennzy has started with this latest news. This is going to be huge people, GET ONBOARD!
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It is pretty big news! They are working with "he world's largest privately-owned architectural, engineering and design firm"! Only good things to come of this.
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GlobeTel Announces Cooperative Research Effort on Fuel Cells with Proton Energy Systems via COMTEX
July 13, 2005
FORT LAUDERDALE, Fla., Jul 13, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that its wholly-owned subsidiary Sanswire Networks, LLC has signed a Cooperative Research and Development Agreement (CRDA) with Proton Energy Systems, Inc., a subsidiary of Distributed Energy Systems Corp. (Nasdaq:DESC). Pursuant to the agreement, Proton will provide assistance in developing a regenerative fuel cell energy storage system for Sanswire's high altitude Remotely Operated Airship (ROA), or Stratellite.
Under the agreement, Proton will provide prototype regenerative fuel cell (RFC) equipment and specialized technical support to Sanswire for the company's development and flight-testing of the Stratellite via a series of task agreements. Sanswire will provide the airship platform for testing and engineering inputs to tailor the RFC solution.
"We are very excited to work together with Proton Energy Systems. The RFC provides a key capability to enable the Stratellite to stay on station for long periods of time," said Timothy Huff, Chief Executive Officer of GlobeTel. "To power the airship overnight in windy conditions requires an energy dense storage solution, and the RFC has the potential to fill that requirement." Mr. Huff further commented that: "Pioneering advanced fuel cell technology will put us in an advanced position among others, in fact, we will be the first to employ this technology to the rigid airship. We will continue to partner with technology leaders to provide a low cost communication platform to the world."
Robert Friedland, senior vice president of Proton's hydrogen technology group added, "By working with GlobeTel, we see opportunities to further advance the state of the art for proton exchange membrane regenerative fuel cells by applying it to these innovative applications. We see great promise for this technology in future systems for Stratellite which require our systems to make hydrogen during the day from electricity generated from the sun and then regenerate it into electricity at night."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of 10 to 13 miles above the Earth, each Stratellite will have clear line-of-sight communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. Several Stratellites linked together could cover many hundreds of thousands of square miles. The Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. In addition to voice and data, proposed telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
About GlobeTel Communications Corporation:
GlobeTel Communications Corporation is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corporation 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 regarding GlobeTel can be found on our web site at 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 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. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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That kinda scares me a little bit that we don't have a fuel cell all ready made. I'm wondering if Timothy Huff is trying to buy up a bunch a shares in the next month or two? They had an awesome PR yesterday followed by this one here today. I wonder how much they are paying DESC?
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Peaser... I think maybe you can't see the forest because of the trees. This PR has a lot more implications that are not apparent on the surface. Also I believe they have Fuel Cell technolgy in place, but are partnering with Proton Energy to, "By working with GlobeTel, we see opportunities to further advance the state of the art for proton exchange membrane regenerative fuel cells by applying it to these innovative applications. We see great promise for this technology in future systems for Stratellite which require our systems to make hydrogen during the day from electricity generated from the sun and then regenerate it into electricity at night."
Here is excerpt from an article about Proton Energy from about a year ago. Do you see any connections forming?
Proton Energy Systems, has entered into two contracts with NASA and the United States Missile Defence Agency (‘MDA’) for the development of lightweight unitised regenerative fuel cell technology for unmanned aerial vehicles and for the development of lightweight regenerative fuel cell technology for high altitude airships, respectively. NASA through this partnership hopes to demonstrate the feasibility of producing and operating lightweight unitised regenerative fuel cell hardware to meet the needs of aerospace applications. Part of the regenerative fuel cell design will incorporate Proton’s core commercial hydrogen generator technology, which is capable of generating its own hydrogen at pressure. MDA on the other hand, plans to develop and demonstrate a hydrogen/oxygen regenerative fuel cell with lightweight packaging capable of high-pressure hydrogen and oxygen generation and multi-kilowatt power output. MDA’s contract is part of a Department of Defense initiative to develop a lighter than air, high altitude airship.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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**********: Naked Short Web Site Announces DYS, GTE, ACGI, ENUI, SKPI, TTLA Have Also Been Removed From Threshold Lists Today via COMTEX
July 13, 2005
Jul 13, 2005 (M2 PRESSWIRE via COMTEX) --
www.**********, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold lists. Distribucion y Servicio D&S (NYSE: DYS), GlobeTel Communications Corp. (AMEX: GTE), Amacore Group (OTC: ACGI), eNucleus, Inc. (OTC: ENUI), Sky Petroleum, Inc. (OTC: SKPI) and Tarantella, Inc. (OTC: TTLA). For a complete list of companies on the naked short lists please visit our web site.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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Pagan, I love your post from last year. Based on that post it would appear that NASA may have teamed the two up. Hell Yes my money is on the table.
posted
You guys need to remember that they already have batteries. Checkout gtel . org for all the news and timelines. They are just looking for improvements now. They have a partner in Germany that makes the battery. It is: Lithium Technology Corporation:
LTC produces unique large-format rechargeable batteries under the GAIA brand name and trademark. The Company supplies a variety of military, transportation and back-up power customers in the U.S. and Europe from its two operating locations in Plymouth Meeting, Pennsylvania and Nordhausen, Germany. For additional information on the Company's technology and products, please visit http://www.lithiumtech.com or http://www.gaia-akku.com.
-------------------- If all goes well then great, if not, make it work.
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Sanswire Networks Signs Agreement to Deploy Stratellites in Colombia Thursday July 14, 12:33 pm ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 14, 2005--GlobeTel Communications Corp. (AMEX:GTE - News) announced today that its wholly-owned subsidiary, Sanswire Networks, LLC has entered into a Joint Venture Agreement to deploy Stratellites throughout the country of Colombia.
ADVERTISEMENT The agreement with Florida-based Apogeo Enterprises Corporation calls for a total of five Stratellites to be launched over the Latin American country to build a wireless broadband network that would be the first of its kind in the world. Apogeo plans to invest a total of fifty million dollars ($50,000,000 USD) into the project. Funding would be based on a construction schedule to be set by Sanswire and would be released to Sanswire pursuant to the terms of the Agreement.
Timothy Huff, CEO of Sanswire parent GlobeTel, stated: "This is a wonderful opportunity for Sanswire. It shows that other parties around the world are as excited about the Stratellites as we are and are willing to step up to the plate in order to bring this state-of-the-art technology to their country."
During a recent trip to Colombia, Michael K. Molen, President of Sanswire's Latin American operations, and Jairo Rivera, Vice President of Business Development for Latin America, received strong support for the project from several high ranking government officials including Colombian President, Alvaro Uribe. Molen stated: "We met with the President at the Palace in Bogota and he was very gracious and told us that he would help us in any way that he could to bring this technology to his country."
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 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 will allow subscribers to easily communicate in "both directions" using readily available wireless devices.
About GlobeTel Communications Corp.:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel Communications Corp. 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 Communications Corp. can be found on our web site at http://www.globetel.net.
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We are close, very close! No way will I sell any of my shares. This is going to be HUGE! Read the news and think about the possible revenues. GLTYA, keep the faith!
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GlobeTel Executive Invests Additional $250,000 in Company via COMTEX
July 14, 2005
FORT LAUDERDALE, Fla., Jul 14, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that Senior Vice President Mitch Siegel has made his second investment of $250,000 to purchase GlobeTel preferred shares.
In July 2004 Mr. Siegel committed to purchasing up to $1 million in GlobeTel preferred shares that are convertible to common shares after two years. With this latest investment of $250,000, Mr. Siegel has invested $500,000 so far in the preferred shares.
"We are pleased that Mr. Siegel has continued to invest in the company. The hard work of all our employees along with our senior management's belief in GlobeTel and its mission are something that we are very proud of," said GlobeTel CEO Timothy Huff.
Mr. Siegel added, "I am happy to have the opportunity to continue to make investments in GlobeTel and its future success. I believe strongly in the company and the future worth of my investments. I look forward to sharing the many great things that we are accomplishing with our shareholders at our upcoming annual meeting."
Mr. Siegel has been with GlobeTel since 1996 and is currently Senior Vice President in charge of the company's stored value programs. He also serves on the company's Board of Directors.
GlobeTel will be holding its annual meeting of shareholders on August 11, 2005 in Fort Lauderdale.
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.
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 Placement 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. The above are more fully discussed in the Company's SEC filings
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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I guess they wanted him to get a good price...
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GTE Signs Licensing Agreement With RapidMoney Corporation via COMTEX
July 18, 2005
FORT LAUDERDALE, Fla., Jul 18, 2005 (BUSINESS WIRE) --
GlobeTel Communications Corp. (AMEX:GTE) today announced that it has entered into a licensing agreement with RapidMoney Corporation, that allows GlobeTel to use and modify the RapidMoney system.
GlobeTel, along with its venture partner, Grupo Ingedigit of Caracas, Venezuela (GI), will incorporate the current RapidMoney(R) funds transfer software applications for merchant Point of Sale (POS) terminals into the GlobeTel Stored Value International Remittance Services. Furthermore, this license allows GlobeTel and GI to develop additional applications based on the RapidMoney(R) system that will be deployed in the retail locations which are offering GlobeTel's Stored Value Card Program services. GlobeTel expects to test the new funds transfer services in August at over 2,500 merchant POS locations.
Timothy M. Huff, CEO of GlobeTel, stated, "We are extremely pleased to be working with RapidMoney Corporation. Expanding the number of Stored Value Services that we offer at increasing numbers of merchant POS locations continues to fulfill our business plan to be a highly recognizable source for domestic and international funds transfer services, private account prepaid calling services and other prepaid services. We continue to concentrate increasing our market penetration in specific ethnic communities where the demand for these services is greatest."
About RapidMoney Corporation:
Located in San Antonio, Texas, RapidMoney Corporation developed a system for personal money transfers on easy-to-use POS terminals.
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 financial 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
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 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. The above are more fully discussed in the Company's SEC filings.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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