posted
Hitch a ride on this! Look at the communication possibilities. They are already hooked up with NASA (news last week). Check it out on your own and decide.
Sanswire Networks Signs Agreement to Launch Stratellites in South America Thursday January 27, 8:01 am ET
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Jan. 27, 2005--Sanswire Networks, LLC, a wholly-owned subsidiary of GlobeTel Communications Corp. (OTCBB:GTEL - News) announced today that it has entered into an agreement to build and launch Stratellites throughout South America. The agreement calls for Sanswire to enter into a Joint-Venture Agreement with Orlando, Florida based Dynamic International Networks, Inc. to build and operate Sanswire's high-altitude airships called Stratellites in various South American countries. The Agreement calls for the first Stratellite to be launched over Lima, Peru to provide various wireless services to the Peruvian capital and surrounding areas.
Communications operations in Peru will be handled by Dynamic's affiliate, Beacon Supply Comunicaciones, S.A. of Lima. Sanswire will handle all matters associated with the Stratellite. The Joint-Venture operating company will be called Sanswire Peru and will offer new services such as wireless broadband, VOIP telephony, and video. Funding for the project will be provided by Dynamic International Networks in conjunction with support from their local Foundation partners.
"We knew our expansion into South America would be an important part of the Company's growth. This Agreement will significantly expedite that process," said Michael K. Molen, Chairman of Sanswire Networks. "Not only will we launch a Stratellite in Peru, but our partners have plans to expand into all parts of South America. Because of the limited infrastructure in that part of the world, the Stratellites are a perfect solution."
Founded in 1997 in Orlando, FL, Dynamic International Networks, Inc. offers consulting services in various state-of-the-art technologies. The Company does business in several South American countries, including Mexico, Peru, Brazil, and Venezuela. Currently, the Company is developing the Bolivar Telecommunications Project called "Bolivar" with the vision of integrating Bolivarian countries with state-of- the-art technologies and shared solutions that provide a variety of communications projects and strategic alliances.
"We have followed the progress of Sanswire and the Stratellite project for some time now and we are extremely excited about bringing this cutting edge technology to the people of South America," said Ernesto Uribe Abad, President of Dynamic International Networks. "Together with Sanswire, we will change wireless communications in South America forever."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of only 13 miles, each Stratellite will have clear line-of-sight to an entire major metropolitan area. A Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. Proposed telecommunications uses include wireless broadband, cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV and others. To learn more about the Stratellites, visit the Company's website at www.sanswire.com .
Safe Harbor Statements
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.
Posts: 7 | From: Nashville, TN | Registered: Jan 2005
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posted
Yeah..this is great news...once they prove their technology there, then maybe they can launch more stratelites across North America. With faster networking and at a fraction of the cost of regular satellites, they're going to dominate in alot of markets.
Posts: 798 | Registered: Jun 2004
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posted
I don't like to be long on a stock but I am in love with this one. I am long on gtel, and cnes
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
HOLY MONEY MACHINE Batman! Look at Thursdays news that no one posted!
GlobeTel Announces Completion of $1.8 Million Private Placement Thursday January 27, 1:00 pm ET CEO TIMOTHY HUFF: Additional Placement Accelerates Current Growth
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Jan. 27, 2005-- GlobeTel Communications Corp. (OTCBB:GTEL - News) today announced the completion of a $1.8 million private placement with a group of institutional investors. CEO Timothy Huff commented, "The financial community continues to recognize and support GTEL in all its areas of development and business growth by their increasing investment in the company. We have worked long and hard over the past year to successfully develop our products in all of our business divisions, achieving significant revenue growth and market objectives. We are increasingly able to capitalize on the foundation of all our business ventures such as MagicMoney, MagicPhone and Stratellite projects."
GTEL recently announced that the company has signed a Letter of Intent with the National Aeronautics and Space Administration (NASA) that will create the framework for creation of a Space Act agreement between GTEL, the developer and provider of the Stratellite, a High Altitude Platform (HAP) Airship, and NASA Dryden Research Center. This commitment will expedite the development and deployment of the Stratellite for both commercial and military use.
GTEL also recently announced that the company has added former astronaut and Space Shuttle Commander, Rick Searfoss, Colonel, USAF Retired, to the Board of Directors of Sanswire Networks, LLC, adding his expertise to Sanswire and also to liaise with NASA.
Huff finished by stating, "This placement, which had significant demand from institutional investors, will allow us to more aggressively go after the share of the markets we are in. We continue to take the necessary steps to deliver growth and value for our shareholders and achieve exciting new milestones and successes for GTEL in 2005 and beyond."
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.
posted
Where abouts in TN I live outside of chattanooga just moved here from memphis
quote:Originally posted by lovebeinginTN: Hitch a ride on this! Look at the communication possibilities. They are already hooked up with NASA (news last week). Check it out on your own and decide.
Sanswire Networks Signs Agreement to Launch Stratellites in South America Thursday January 27, 8:01 am ET
PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Jan. 27, 2005--Sanswire Networks, LLC, a wholly-owned subsidiary of GlobeTel Communications Corp. (OTCBB:GTEL - News) announced today that it has entered into an agreement to build and launch Stratellites throughout South America. The agreement calls for Sanswire to enter into a Joint-Venture Agreement with Orlando, Florida based Dynamic International Networks, Inc. to build and operate Sanswire's high-altitude airships called Stratellites in various South American countries. The Agreement calls for the first Stratellite to be launched over Lima, Peru to provide various wireless services to the Peruvian capital and surrounding areas.
Communications operations in Peru will be handled by Dynamic's affiliate, Beacon Supply Comunicaciones, S.A. of Lima. Sanswire will handle all matters associated with the Stratellite. The Joint-Venture operating company will be called Sanswire Peru and will offer new services such as wireless broadband, VOIP telephony, and video. Funding for the project will be provided by Dynamic International Networks in conjunction with support from their local Foundation partners.
"We knew our expansion into South America would be an important part of the Company's growth. This Agreement will significantly expedite that process," said Michael K. Molen, Chairman of Sanswire Networks. "Not only will we launch a Stratellite in Peru, but our partners have plans to expand into all parts of South America. Because of the limited infrastructure in that part of the world, the Stratellites are a perfect solution."
Founded in 1997 in Orlando, FL, Dynamic International Networks, Inc. offers consulting services in various state-of-the-art technologies. The Company does business in several South American countries, including Mexico, Peru, Brazil, and Venezuela. Currently, the Company is developing the Bolivar Telecommunications Project called "Bolivar" with the vision of integrating Bolivarian countries with state-of- the-art technologies and shared solutions that provide a variety of communications projects and strategic alliances.
"We have followed the progress of Sanswire and the Stratellite project for some time now and we are extremely excited about bringing this cutting edge technology to the people of South America," said Ernesto Uribe Abad, President of Dynamic International Networks. "Together with Sanswire, we will change wireless communications in South America forever."
A Stratellite is similar to a satellite, but is stationed in the stratosphere rather than in orbit. At an altitude of only 13 miles, each Stratellite will have clear line-of-sight to an entire major metropolitan area. A Stratellite will allow subscribers to easily communicate in "both directions" using readily available wireless devices. Proposed telecommunications uses include wireless broadband, cellular, 3G/4G mobile, MMDS, paging, fixed wireless telephony, HDTV and others. To learn more about the Stratellites, visit the Company's website at www.sanswire.com .
Safe Harbor Statements
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.
-------------------- SCOTT Posts: 157 | From: CLEVELAND TN UNITED STATES | Registered: Oct 2004
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the guy is taking his income from stock sales just like everyone else... notice he list his wife so he may be getting a divorce or something..
in fact its been my experience that the rules for the big boards are exactly oppsite here.. in fact when someone is insider selling means things are great and taking a profit... when insider buying it means this is a dog and i am buying trying to sucker you into buying.... mlon is the latest ones who were saying look at me we are buying back stock...
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
if a stock is always releasing news and claiming insider buying man you should run from that...
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
all the pennies issue the insiders tons of stock. they also trade stock for services from lawyers and accounts.. and they also trade stocks for loans/warrants/convertables and so on.. this is totally normal....
what is abnormal is when you see an insider buying on the market especially when they can have them for free or exercise options for .0001... the only reason the penny insider buys on the market is to make the stock look good... why buy something you can print up..
but the rules change on the big boards..
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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posted
It keeps going up. I've only got a few thousand shares, but I'm thinking about loading up before it's too late. If this works, and they get on the AMEX, the sky is the limit
Posts: 277 | From: San Jose, CA USA | Registered: Dec 2004
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posted
This stock is really going to take off (IMO). Because the Stratelite is a lower altitude than satelites, it will have much faster 2-way communication (by many factors) than current Wi-Fi does. They can put these 'airships' up across all of Asia or South American and almost have a monopoly on wireless communications there. This is going to bring big bucks....Another Microsoft in the making.
Posts: 798 | Registered: Jun 2004
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posted
Bundo, good price... I bought a truckload of this between .12 and .18. Those days are gone. This should really skyrocket in late February (21 -25) when they have conferences with the military and other interested parties, and then again March 25 when they demo/prove the stratelite technology...I would expect to see it slowly increase to about .40's or so thru February and then who knows after March...maybe .70's or so? Then if they land contracts for VoIP/WiFI for parts of China and the Philipines....there's no looking back. Good Luck.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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Next week this stock will start getting alot of attention. By the end of March it'll be in the media. Good Luck. ______________________________________ GlobeTel Announces Sanswire Updates February 15, 2005
Miami -- February 15, 2005 -- GlobeTel Communications Corp., today provided a construction update and schedule of events for their wholly owned subsidiary Sanswire Networks, LLC (Sanswire).
Timothy Huff, CEO of GTEL, stated, “Our partners and technology summit will be held on the 22nd and 23rd of February. At this meeting, potential partners will be given presentation on the Stratellite™ and the different technology components of the Airship. They will also be given an opportunity to see Sanswire One under construction at the hangar. Vernon Koenig, chief engineer and inventor of the airship will also give his presentation on his vision of high altitude airships and their future.”
Rick Searfoss, Director of Sanswire Networks, LLC, will be giving an address on the implications of Sanswire's airship and future “Near Space” initiatives. Rick was a Commander of the STS-90 Neurolab mission and a pilot for the Atlantis and Columbia space shuttles.
Business interests will be attending from the government, military and commercial sectors from various parts of the world, and in depth business meetings will be held to further the global rollout of the Stratellite™ program.
To keep the shareholders updated on the schedule of events and progress of the construction of Sanswire One, the following is guidance for the next 45 days.
February 16th - The propulsion team will arrive from the United Kingdom to install the engines and the guidance systems for Sanswire One.
February 21th - The rigid airframe will be complete and ready for FAA inspection. The airframe must be inspected before the final covering is placed on the airship.
February 28th - The final section of batteries will arrive from Germany. Shipments of the batteries will start arriving February 16th. Once all the batteries have arrived the final installation will be completed and tested.
March 1st - The final inspection of internal systems followed by the installation of the airship outer covering. FAA approval to be obtained before the final cover is applied to Sanswire One.
March 4th - The solar photovoltaic, which generate the majority of the power used on Sanswire One will be delivered by our U.S. vendor and installed the following week.
March 15th - Testing of lifting gas cells will commence and final systems checks and structural inspections by all the section teams.
March 16th - Payload installation will be complete, including the first of three different packages that will be tested over the next 30 days.
March 23rd to 25th - the scheduled launch window. This will be decided based on the successful completion of the aforementioned processes and weather conditions. We will be updating the public a week or two before the launch to plan a public viewing of the airship and the date of the launch. There will be a video link on the GlobeTel website of the launch.
Additional information concerning other areas and topics of GTEL can be found on our web site at http://www.globetel.net.Posts: 798 | Registered: Jun 2004
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Good News will be coming this week.....that can't be bad for the stock.... __________________________________
February 16th - The propulsion team will arrive from the United Kingdom to install the engines and the guidance systems for Sanswire One.
February 21th - The rigid airframe will be complete and ready for FAA inspection. The airframe must be inspected before the final covering is placed on the airship. ____________________________________
Timothy Huff, CEO of GTEL, stated, “Our partners and technology summit will be held on the 22nd and 23rd of February. At this meeting, potential partners will be given presentation on the Stratellite™ and the different technology components of the Airship. They will also be given an opportunity to see Sanswire One under construction at the hangar. Vernon Koenig, chief engineer and inventor of the airship will also give his presentation on his vision of high altitude airships and their future.”
Posts: 798 | Registered: Jun 2004
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