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Good move so far - is there any basis for this price move other than it has been down so far for so long. Must be time for a "correction" to the upside. But watch out for the profit takers later in the afternoon.
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Hey Geo, yep, bought back at 1.89 about a week or so ago. Put it in my 401k and letting it sit there. I'm thinking that we might see $10/share by May as long as there is no dilution. We'll see what this new uptrend brings for us.
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I wanted to get back in when it was in the 1.30's but I had to cash out everything to pay off bills. My job is at stake so I have to play it careful. GTE is the way to go and the trend is looking good again. I think you are right that there is some news coming soon.
-------------------- If all goes well then great, if not, make it work.
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I would love to see it get over 2.20 I bought in to swing trade to soon. this dollar range is killing me, I hope there is news on the military flight soon we need a boost.
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GlobeTel Communications Announces Alliance with Major Indian Financial Processor and ATM/POS Provider to Market Stored Value Cards and Payment Solutions in India
PEMBROKE PINES, Fla., Nov 09, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX: GTE) today announced that it has signed an agreement with Financial Software & Systems (P) Ltd (FSS) based in Chennai, India. The purpose of the agreement is to establish a commercial relationship between GlobeTel and FSS that will enable the parties to work together to market stored value and money remittance programs, targeting tens of millions of existing banking customers in the $12 billion Indian remittance market. Electronic Funds Transfer (EFT) solutions and outsourced services of FSS power the majority of ATMs and Point-of-Sale (POS) terminals in India, controlling most of the Electronic Funds Transfers in the country. FSS plans to double its ATM and POS deployment in the next three years. FSS through FSSNeT provides third-party processing as an outsourced application services for many of the largest banks in India.
Abu Karim, President of GlobeTel Australia/NZ & Asia Pacific, said: "We are honored to partner with FSS. FSS is the largest and fastest growing Electronic Funds Transfer (EFT) processor in India. This strategic alliance and distribution partner provides us a strong presence in the rapidly growing Indian market and expands the global footprint for our stored value card product. We look forward to developing a strong market presence by offering customers multiple delivery channels to access remittances and stored value products across India."
Nagaraj Mylandla, Managing Director of FSS, stated, "We are delighted to have GlobeTel as our business partner and are confident that this partnership will provide significant advantages to both organizations."
Rudhraapathy Jagannathan, Director of FSS stated: "We are extremely pleased to partner with GlobeTel in the delivery of stored value cards and payment solutions to our customers. We plan to launch a solution that combines FSS's distribution channels and financial transaction capabilities with GlobeTel's advanced stored value card technology platform. We believe that GlobeTel's product is superior in design and that it will be of significant benefit to our customers."
Timothy Huff, CEO of GlobeTel, stated: "FSS exemplifies the quality of key strategic partners that we seek for our international stored value business. We will work with FSS to develop a strategy to overlay their market with our stored value card, to include Fund Transfer, Money Remittance, and other valuable attributes of our technology platforms in this part of the world.
Huff concluded, "The strategic partnership with FSS will help us to expand support programs that offer unique value to the consumer, increasing acceptance of our products worldwide as we continue to grow our international presence."
FSS's partnership with GlobeTel Communications Corp. will bring cutting edge technology solutions to banks and financial institutions in India and across the globe. FSS is leveraging its extensive domain knowledge in payment processing and transaction switching across various touch points with highly skilled software development and implementation resources, world-class IT infrastructure, and global partnerships.
The FSS partnership with GlobeTel, a leader in Stored Value Products and fund remittances, is yet another opportunity to bring to the Indian banking industry technology that is world class and proven. The FSS / GlobeTel partnership is a new beginning towards this direction.
About FSS
FSS has spearheaded the ePayments industry in India. The company, headquartered in Chennai, India has established itself as a market-leader and is a provider of software and services for payments processing in India and overseas. With a substantial client base of over 30 premium banks, FSS is rapidly expanding its footprint to offer products and services to customers worldwide.
FSS provides online, real time, electronic transaction processing and switching for financial and non-financial transactions across multiple delivery channels and payment systems and co-networks including ATMs, POS - Point of Sale machines, ATM /POS deployment and management, ATM sharing between banks, mobile TopUp and Electronic bill payment, connectivity with domestic and international interchanges like MasterCard and, VISA, FSSNeT a division of FSS is the application service provider to major banks and financial institutions in India.
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VOIP of long distance to major long-distance re-sellers, VOIP technology, wireless radio 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.
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. The agreement with FSS does not provide for guaranteed revenue to GlobeTel. Therefore, while GlobeTel believes that the agreement is of significant value, there are no guarantees that said revenue will materialize. Sanswire Networks and the launch of the Company's high altitude airship are subject to various risk factors and investors should construe any such investment as speculative. 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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Very good news about our Core Business in India. Let's see Europe, Australia and China next. Military contracts coming soon IMO. Buy your shares now, before the news of successful Strat launch/test. Strategic Partners have just been confirmed in India. This is starting to happen NOW!
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Any thoughts on jumping back in this? I got a bunch at 1.54 and swung it. I wanted back in around 1.75 but now it's kind of hard to tell where we're going. Any opinions on this are appreciated.
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imakmony2005
unregistered
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shoot for back in at 1.86-9 range. but you might miss it.
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Whatever you do, keep this stock long-term!! I'm going to make my first decision in 2 years as to whether I want to sell it, but I may keep it even longer than that.
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GlobeTel Announces Third Quarter 2005 Results FORT LAUDERDALE, Fla., Nov 14, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. (AMEX:GTE) today reported in its filing of SEC Form 10Q for the third quarter ended September 30, 2005, that the company had revenues of $22,299,516 during the quarter then ended, compared to $7,509,206 during the same period in 2004, an increase of 197%. Total revenues for the nine months then ended were $60,010,691, compared to $14,509,624 during the same period in 2004, an increase of 314%. The total losses for the third quarter were $4,635,244, excluding non-cash transactions of $1,330,000. The company also provided the following quarterly comparison: 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter 2005 2005 2005 2004 ------------ ------------ ------------ ------------
Net Loss $5,965,244 $5,957,329 $3,600,054 $8,416,953 ------------ ------------ ------------ ------------
Total Assets $18,154,504 $14,669,233 $15,124,388 $6,195,977 ------------ ------------ ------------ ------------
Total Stockholder Equity $7,667,186 $11,530,390 $12,359,242 $5,276,577 ------------ ------------ ------------ ------------ Operationally, the Company reported that margins remain lower as it begins full operations at its network operations center in Los Angeles. However, the projected run rate is expected to be over $80 million, and that with the revamping of its operations, it expects to make a significant turn-around during the last quarter of 2005. The Company also reported that: -- The launch of its VoIP product in Las Vegas in early November was well received and that it expects to enter into agreements with several potential customers and partners. -- It has allied itself with a major financial processor in India, which is also an ATM/POS provider that will enable the Company to market its Stored Value Cards and Payment Solutions in India -- The military prototype of Stratellite(TM) will be tested this week. -- The marketing and deployment of its wireless product, through its subsidiary, GlobeTel Wireless, Inc., is well on its way in several countries. Timothy Huff, CEO of GlobeTel, stated, "We are pleased to report that we are making significant progress on all fronts and that our goals are now coming into fruition. We continue to emphasize that our losses have been expected as we grow and expand our operations, and we expect to begin our turn-around and have our losses diminished. We expect that as the Company makes it turn-around that there will be full-speed acceleration into profitability." 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. A Stratellite(TM) 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(TM) 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(TM) linked together could cover many hundreds of thousands of square miles. The Stratellite(TM) 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.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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Timothy Huff, CEO of GlobeTel, stated, "We are pleased to report that we are making significant progress on all fronts and that our goals are now coming into fruition. We continue to emphasize that our losses have been expected as we grow and expand our operations, and we expect to begin our turn-around and have our losses diminished. We expect that as the Company makes it turn-around that there will be full-speed acceleration into profitability." ------------------------------------ The last sentence above is the one I'm waiting to see...
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GlobeTel's Wholly Owned Subsidiary Sanswire Networks LLC Announces Successful Demonstration of Military Prototype Airship FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 16, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced that its wholly-owned subsidiary, Sanswire Networks LLC, has successfully completed its planned demonstration flight of its military prototype airship. The flight consisted of two military prototypes of varied size, both of which were flown for the benefit of a number of approved senior military and national security officials. The flights took place at the Sanswire facility in Palmdale, California, on Nov. 15, 2005.
The design of the military version airship is of a unique and proprietary nature and has been designed to meet specific requirements of certain military and government needs. These airships complement and share much of the underlying technology of the suite of near-space vehicles currently being developed for commercial applications. The airships flown today have been designated "Sky Dragon."
The first flight took place Tuesday morning on November 15th at 10:30 am PST and the second flight occurred later in the day. The airships performed exactly as expected, with exceptional results. The controlled-access event was attended by 25 VIPs, U.S. Government guests representing, among others, the U.S. Air Force, Department of Homeland Security, NASA, the U.S. Navy, the U.S. Army, FEMA, and other distinguished invitees.
Sky Dragon was assembled at the Palmdale facility and test flown multiple times prior to the event. The Sanswire team, together with Sanswire's strategic partners, Dr. Bernd Kroeplin and Tao Technologies, in cooperation with University of Stuttgart in Germany, managed and hosted the demonstration.
Bob Jones, President of Sanswire Networks LLC, commented: "We are extremely pleased with the results of this event. The prototype performed flawlessly and our guests were very pleased with the significant progress that has been made since the platforms were initially presented. The visiting dignitaries also expressed great pleasure at the design and products available in the Sanswire High-Altitude Airship Program. The airships that were demonstrated today were designed specifically for specialized military and governmental applications. A number of senior-level decision makers within the government commented that these successful demonstrations represent mature steps in the evolution of Sanswire's overall airship program; and, I could not be more pleased with their enthusiasm. This event marks our commitment in providing performance and capability to our customers as promised."
Timothy Huff, CEO of GlobeTel, added: "We have made significant strides in our airship program and within our business units, in general. I am pleased that GlobeTel and our subsidiaries are performing as expected and I look forward to the continued acceleration of our business growth. The success of the military version of our high-altitude airship is another important milestone in the evolution of our Sanswire program. I am very pleased, but not surprised, by the successful outcome of this event."
Dr. Kroeplin confirmed as well: "It was an honor to present this technology to our distinguished guests. The response to the technology and the flight demonstration was exciting and very well received. We will continue to develop other types of `specialmission' air vehicles - in cooperation with our partner, Sanswire. I believe there is much we can do in the very near term, which can benefit our world."
Sanswire's military version airships can operate within an altitude range of between 5,000 and 70,000 feet AGL, with varying payloads. A Stratellite, by contrast, is similar to a satellite, but is stationed in the stratosphere rather than in orbit, and operates at an altitude of approximately 13 miles. 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. Sanswire 2 is currently under construction and is expected to be completed and operational, as planned. Several Stratellites linked together have the ability to 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, other telecommunications uses include cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV, real-time surveillance and others.
About GlobeTel Communications Corporation:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VoIP of long distance to major long-distance re-sellers, VoIP technology, wireless radio 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.
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. Sanswire Networks and the launch of the Company's highaltitude airship are subject to various risk factors and investors should construe any such investment as speculative. 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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quote:Originally posted by George: I missed it... I was looking to get in again on Monday but you know me......put it off...
I got back in yesterday at 2.08 but for very little. I think it's getting closer and closer to where I don't want to swing this anymore and just keep accumulating. This news is very significant. If this flight went off without a hitch, Sanswire 1 should be about ready to launch and serious revenue is right around the corner.
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