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» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » GTEL to become GTE (Page 65)

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Author Topic: GTEL to become GTE
Pagan
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Btw...GTE will be webcasting live their SHM on 6-21-06. Could make for some interesting intraday activity. GLTA!

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It is impossible to make anything foolproof because fools are so ingenious.

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imakmony2005
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very true, pagan.
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Edster
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Pace Accelerates for GlobeTel Wireless Pilot Testing Worldwide
Business Wire - June 16, 2006 10:05

FORT LAUDERDALE, Fla., Jun 16, 2006 (BUSINESS WIRE) -- In 1878, the world's first commercial telephone exchange was established in New Haven, CT. It had 21 subscribers and the switchboard was composed of carriage bolts, handles from teapot lids and bustle wire. This fledgling operation, humble as it was, signaled the beginning of a revolution that forever changed the way the world could communicate. The revolution continues almost 130 years later as the world demands faster, cheaper and more efficient voice, data and video communications. The GlobeTel Wireless Division of GlobeTel Communications (AMEX:GTE) is working to develop and install advanced communications resources in diverse regions of the world, led by the testing of its HotZone 4010 terrestrial-based wireless technology. Similar in concept to the carriage bolts, teapot handles and wire of yore, the HotZone pilots are the required building blocks from which complete networks will be constructed.

In addition to the recently disclosed U.S. government pilot/test currently underway in California (click here for additional information http://www.globetel.net/06122006.pdf) where the US Forest Service is evaluating HotZone 4010's effectiveness in alerting and preventing forest fires, GlobeTel Wireless has pilots either in progress, concluded or in the advanced planning stages in China, Ghana, Republic of the Congo, Japan, Germany and a second pilot in Mexico for Grupo IUSA (click here for additional information http://www.globetel.net/061506.pdf), one of Mexico's largest industrial conglomerates. GlobeTel Wireless's first pilot in Mexico, for Marcatel S.A. de C.V., yielded the desired result of one half-mile (800 meter) signal clarity using an ordinary household cordless telephone. (Click here for additional information http://www.globetel.net/MexicanPilotTest.pdf)

"Pilot testing is the crucial first step in developing large scale wireless networks," explained Timothy Huff, CEO of GlobeTel Communications. "We've been aggressively responding to the overtures made toward us by telecom providers, entrepreneurial family businesses and governments regarding tests in their particular markets. And, subject to recently-established counterparty screening procedures, we are actively pursuing new opportunities to install HotZone wireless technology wherever quality counterparties emerge and when it makes clear economic sense for the Company. Our technology is currently being closely evaluated by the US Department of Agriculture to combat a problem that seems to only get worse each year -- forest fires. We're gratified that our specially adapted HotZone platform will be tasked by our government with such an important role."

Mr. Huff continued, "To date, the Company has received more than a quarter of a million dollars in pilot deposits. As we continue to advance our HotZone technologies, we anticipate being able to bring a wider array of services and applications to our partners and clients. For example, our newest wireless technology advance, the HotZone 5000, currently scheduled for launch at the end of the third quarter 2006, will incorporate over 1,000 channels of wireless IPTV."

In China, GlobeTel Wireless concluded its 90-day pilot in conjunction with the Shenzhen Railway Company, one of the units of Guangdong Tietong South Communication Co. Ltd. The testing route follows an existing railway line that traverses the bustling Guangdong Province. The half-mile clarity achieved during our Mexico City pilot was perfectly replicated in China. As a result of the successful outcome of these tests, we are currently discussing a joint venture for the construction and operation of a wireless network which will operate in the Guangdong Province, home to more than 80,000,000 people.

In April 2006, in sub-Saharan Africa, the Company was approached by Giant Int'l (GH) Ltd., to develop a HotZone wireless communications infrastructure for the nation of Ghana and for the Republic of the Congo, two underserved telecom markets. Construction of the test bed was paid for by Giant and once testing is completed, GlobeTel and Giant will review the feasibility of a joint venture to operate networks in the two countries.

Following successful pilots in southwest Germany, the buildout of the first -- of three -- German HotZone wireless networks will be completed during the third quarter of 2006. These GlobeTel Wireless ventures in Germany will have a retail focus, providing service for the first time directly to individual subscribers.

The Company continues to make good progress with Japanese telecommunications authorities in order to address a variety of frequency issues in anticipation of beginning a previously-announced pilot in conjunction with the Kashiwabara Token Corp. of Japan.

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imakmony2005
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Bring it on HUFF. MORE TO COME, IMO
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imakmony2005
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GlobeTel Investor Relations Return to About GlobeTel Overview
Investor Overview

Corporate Profile

GlobeTel Communications Corp is committed to investors by building a highly profitable, internationally focused company that maintains a strong financial position and maximizes shareholder value.

GlobeTel is positioned as a premiere provider of communication products and enhanced value-added services, investing in its commitment to deliver superior service in high margin foreign markets to a diverse international customer base through expansion of its network worldwide utilizing state-of-the-art Voice-over-Internet-Protocol (VoIP) technology.

Our high quality solutions are viable and cost-effective alternatives to traditional products and services.

We invite you to find out more information on GlobeTel by using the links below. GTE (Common Stock)
Exchange AMEX (US Dollar)
Price $1.28
Change (%) 0.14 (12.28%)
Volume 2,018,500
Data as of 06/16/06 4:01 p.m. ET
Minimum 20 minute delay
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Contact Information


Primary IR Contact
Robert Bleckman
GlobeTel
Phone: (954) 775-1427
E-mail: investors*globetel.net

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imakmony2005
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WELL LOOKS LIKE SELLING BEFORE THE SHM.
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Edster
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Selling before the SHM isn't a good sign. SHM are usually considered a positive event (unless the company is in serious trouble) and the SP should remain stable or even slightly increase. GTE has lost almost 10% since this past Monday. Keep your fingers crossed - hope that HUFF & Co spring some very, very good surprises at today's SHM.
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imakmony2005
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crossing fingers.
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Edster
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Well looks like we are in for a DOWN day even with the SHM. Alreaday down .06 and no reports from the SHM with any positive news. We will probably see under $1.00 by the end of the week here. YUCK!!!!!!!!!
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PENNY PIRATE
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Think again Edster! Reports are coming in that there are more pilot orders than GTE can keep up with at the moment. Testing will commence in July for SansII. The webcast should begin shortly. Don't let these shorts win, GTE is going to get this right the first time IMO! GLTY!
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Edster
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quote:
Originally posted by PENNY PIRATE:
Think again Edster! Reports are coming in that there are more pilot orders than GTE can keep up with at the moment. Testing will commence in July for SansII. The webcast should begin shortly. Don't let these shorts win, GTE is going to get this right the first time IMO! GLTY!

Would you happen to know where the webcast can be located????
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imakmony2005
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yes p pirate, where can i hear it??
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PENNY PIRATE
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http://www.magicweb.com/globetel_live.htm
GLTY!

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imakmony2005
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THANKS P PIRATE, WHAT TIME IM GETTING MUSIC??
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PENNY PIRATE
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Keep checking back to it, I guess they are going to edit it! GLTY!
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PENNY PIRATE
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Maybe it's not going to happen afterall! Music is not bad though!
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imakmony2005
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Sounds like delays, At the SHM meet were anounced.
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Edster
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Obviously, nothing positive came out of yesterday's SHM. Looks like delays in the SANSII flights to July (vice end of June)- if it even happens then. My earlier projection of less than $1.00 ps by the end of the week may not be too far off. Already down to $1.11 in early trading.
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BchOus
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Just tried to log on with the above link on magicweb.com. A message came up saying that they have recorded my ipo address for security reasons , etc . I can call a phone number they listed. Blah, Blah Blah. The site must have been rented for a day. So what's the best way to find out the minutes of the SHM now? I see the stock is falling in price....GTE had best do something positive, in a hurry....
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Edster
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GlobeTel Communications Reports Results of Annual Shareholders Meeting
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 22, 2006--The Board of Directors of GlobeTel Communications Corp. (AMEX:GTE) reported the following results at its 2006 Annual Shareholders Meeting held June 21.

The Company's recommended slate of directors was ratified by shareholders with 81,481,930 votes, or 88% of all votes cast, for J. Randolph Dumas, Chairman; 81,075,194 votes, or 87% of all votes cast, for Timothy Huff; 81,495,904 votes, or 88% of all votes cast, for Jonathan Leinwand; 82,036,576 votes, or 88% of all votes cast, for Dorian Klein; 82,035,586 votes, or 88% of all votes cast, for Michael Castellano; and 81,966,661 votes, or 88% of all votes cast, for Ambassador Ferdinando Salleo.

The proposal to ratify Dohan & Co. as the Company's auditors for the fiscal year 2006 passed with 82,654,596 votes, or 89% of all votes cast. The proposal to increase authorized shares to 250 million from 150 million passed with 75,883,483 votes, or 82% of all votes cast.

The Company disclosed during the meeting that its Sanswire II airship will begin flight testing in mid-July. Subsystem testing is currently in progress. Timothy Huff, CEO of GlobeTel Communications, attributed the new testing date to the replacement of photovoltaic panels and the carbon framing received from outside manufacturers that revealed defects during a stress test.

The Annual Shareholders Meeting will be available as a webcast starting 5 p.m. ET today by visiting the GlobeTel web site at http://www.globetel.net .

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Edster
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How would the move to increase shares from 150M to 250M affect the near term stock price. Seems like this significantly increases the "float" and therefore put a damper on any significant price increase in the near future. We may be stuck in the low $1 - $1.30 range for a long long time.
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imakmony2005
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well i love going for the falling knife so got more at 1.07 gonna flip my way out, i hope.
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Pagan
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quote:
Originally posted by Edster:
How would the move to increase shares from 150M to 250M affect the near term stock price. Seems like this significantly increases the "float" and therefore put a damper on any significant price increase in the near future. We may be stuck in the low $1 - $1.30 range for a long long time.

Edster...
The shareholders voted to approve the Authorized Shares to be increased. That in no way translates to immediate dilution of Outstanding Shares or Float. There is a huge difference between A/S and O/S. And being that GTE is on the AMEX, they have to meet SEC guidlines for share registration. So there is no increase in the O/S or float in GTE's near term future.

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It is impossible to make anything foolproof because fools are so ingenious.

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Edster
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quote:
Originally posted by Pagan:
quote:
Originally posted by Edster:
How would the move to increase shares from 150M to 250M affect the near term stock price. Seems like this significantly increases the "float" and therefore put a damper on any significant price increase in the near future. We may be stuck in the low $1 - $1.30 range for a long long time.

Edster...
The shareholders voted to approve the Authorized Shares to be increased. That in no way translates to immediate dilution of Outstanding Shares or Float. There is a huge difference between A/S and O/S. And being that GTE is on the AMEX, they have to meet SEC guidlines for share registration. So there is no increase in the O/S or float in GTE's near term future.

Thanks for the clarification Pagan.
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PENNY PIRATE
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http://www.globetel.net/
Listen to the shareholders meeting here! Everything appears to be progressing just fine. There is a Strat delay until Mid July. India Money Remittance to roll out in Mid July. All segments have matured at an extrodinary pace, just listen first, then comment! GLTYA!

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Dustoff 1
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Is it Millertime again folks? Buy at .91?
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imakmony2005
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buy now.
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Dustoff 1
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Monkey see no evil? See no harm? Ruskies behaving now? Monkey buying now? Surfs up? Fish are are jumping? Why should I buy now?

I got bills man!

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imakmony2005
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All the above, Surfs going off and im out there.
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imakmony2005
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back and were up.
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Dustoff 1
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Yep, nice little call..
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imakmony2005
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Next to run.IMO $ 1.10
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Dustoff 1
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Ya, about time again, just need Pagan and a PR.
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imakmony2005
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YEP,Hey do any fishing lately dust?
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Dustoff 1
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Well, no. Had a little timex problem.....
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