posted
They just released this PR this morning. This appears to be pretty significant technology. I am going to do more DD, but do you think this has that kind of potentiol to get into that $1 or $2 range in the next few months?
GlobeTel Signs Agreement to Deploy Sanswire Technology in Australia Wednesday May 5, 9:42 am ET
MIAMI--(BUSINESS WIRE)--May 5, 2004--GlobeTel Communications Corp. (OTCBB:GTEL - News) today announced it has entered into an agreement to deploy the world's first high altitude Stratellite platform for wireless voice, data and digital broadcast services in Australia. GlobeTel, through its subsidiary, Sanswire Networks, has entered into a binding heads of agreement with an Australian consortium that will provide funding to deploy the world's first "Stratellites" in Australia. The jointly owned company will operate the Stratellite network in Australia and New Zealand.
Mr. Tim Huff, CEO of GlobeTel Communications stated that: "This agreement is a strong indication of the worldwide interest in the Stratellite technology, and independently validates the proposition that this technology, successfully deployed will be a paradigm event in the history of telecommunication. The Australian press has already picked up on the importance of this partnership and we feel that this technology will change the landscape of the telecommunications market."
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-site communications capability to an entire major metropolitan area as well as being able to provide coverage across major rural areas. 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 and others. To learn more about the Stratellites, visit Sanswire Network's website at http://www.sanswire.com.
GlobeTel is an IP solutions/applications based company. Although international carrier termination business is the base and the beginning of the Company's services, GlobeTel's goal is to provide strategic advantages to commodity telecommunications based products. Taking such products as voice termination, prepaid calling cards, store valued debit cards and IP adapters and giving these products and services unique market advantages through the deployment of unique software and IP platforms. In each of these cases, GlobeTel has developed unique approaches that give the Company market advantages worldwide. For more information about GlobeTel, visit the Company's website at http://www.globetel.net .
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. The above are more fully discussed in the Company's SEC filings.
For more information on GlobeTel contact Big Apple Consulting USA, Inc., Matt Maguire, 407-884-0444 or 1-866 THE APPLE
-------------------------------------------------------------------------------- Contact: For Globetel Communications Corp., Miami Big Apple Consulting USA, Inc. Matt Maguire, 407-884-0444 or 1-866 THE APPLE
posted
MORE GOOD NEWS ON THIS ONE!!!!!!!! GET IN NOW BEFORE IT"S TOO LATE.
Press Release for Globetel Communications Corp
Emerging Stock Report: Globetel Communications added to ESR "stocks to watch" list 5/5/2004 11:35:31 AM May 05, 2004 (M2 PRESSWIRE via COMTEX) -- The Emerging Stock Report has added to Globetel Communications Corp ( GTEL ) to our stocks to watch list today. The company announced it has entered into an agreement to deploy the world's first high altitude Stratellite platform for wireless voice, data and digital broadcast services in Australia.
GlobeTel, through its subsidiary, Sanswire Networks, has entered into a binding heads of agreement with an Australian consortium that will provide funding to deploy the world's first "Stratellites" in Australia. The jointly owned company will operate the Stratellite network in Australia and New Zealand.
About Globetel Communications:
GlobeTel is an IP solutions/applications based company. Although international carrier termination business is the base and the beginning of the Company's services, GlobeTel's goal is to provide strategic advantages to commodity telecommunications based products. Taking such products as voice termination, prepaid calling cards, store valued debit cards and IP adapters and giving these products and services unique market advantages through the deployment of unique software and IP platforms. In each of these cases, GlobeTel has developed unique approaches that give the Company market advantages worldwide.
Emerging Stock Report profiles emerging growth companies and brings them to the attention of the investment community ahead of the market. Emerging Stock Report provides experienced and concise analysis and the required resources needed in determining when a stock appears poised for growth. Subscribers have access to investment research reports, current news, detailed company profiles and ESR "E-Alert" Services. To subscribe to this free service, visit the Emerging Stock Report home page at www.*********************** and select the "register now" button.All material herein was prepared by the ***********************, (ESR) based upon information believed to be reliable.
All material herein was prepared by the *********************** , (ESR) based upon information believed to be reliable. The information contained herein is not guaranteed by ESR to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ESR is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ESR may receive five hundred dollars for this release, to date ESR has not received payment for any coverage on the company.
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Posts: 34 | From: Chicago | Registered: May 2004
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GTEL -- This is my last reminder on this one. Please see the copy of the letter from Timothy Huff CEO written today.
His intentions are to be getting off the OTCBB, and from the sounds of their business plan this will be happening this year. They are trading just above .010 right now.
In about a month when this stock has seen 1000% gains, remember that I gave you all the heads up first. Go ahead and stay on board with QBID and all the others out there, but don't put all your eggs in one basket. I have spent all afternoon doing my DD, and I really don't see any major flaws at this point with this company. Good Luck All.
I would like to take this opportunity to update you on the progress of the Company and share with you our vision of what we want GlobeTel to become over the next few years. Our prime goal, of course, is to dramatically increase the worth of the company and shareholder equity. But first I want to explain why we the filed for an extension of our 10-KSB. I realize that some of you may see this as a deficiency when we elect to use extra time to file the 10-KSB. We are still a small company, growing very rapidly, developing several new technologies and our staff and resources are stretched to the maximum during these reporting periods. Our first responsibility and mine as CEO is to drive the growth of our business. This often leaves us with very little time to construct these reports and too often we find ourselves reaching for more time. I take full responsibility for the filing of the extension, and I hope that you will understand our priorities. As the company and its resources continue to grow, we will be able to devote more company resources to the timely filing of our quarterly and year end reports.
This month we will launch our Public Relations and Investor Relations (PR/IR) campaign. We are bringing new faces to the table to help better tell our story. Many of you have wanted us to concentrate on the public markets. I was unwilling to do so until all the pieces of our business plan were in place. That time is now. In April we will also begin redesigning our website. Over the next few months, the site will provide access to all of our products and services. It will allow better access to project information and will be more user friendly.
Let me briefly explain the reasons for Sanswire acquisition and the markets it fills. One of the largest problems facing telecommunications in the world today is getting services to the people – the last mile solution. Over 75%f of the world’s population has never made a telephone call. In most countries, infrastructure is very basic, expensive to install or upgrade, and only reaches the main population centers in any capacity. For example, the Philippines is a country made up of over 7000 islands. Inter connection of telecommunications service is problematic. In China, its shear land size and terrain prevents the timely rollout of the massive communications network the country requires. We believe Sanswire and our Super Hub technology will help change all that. First the acquisition is an asset purchase with Globetel purchasing all of the assets of Sanswire including intellectual property and key employees and no liabilities for 28 million shares. Approximately 21 million of these shares are restricted for one year and the remainder will be free trading issued to the public shareholders of Sanswire. There are also incentive bonuses provided once the platform proves its commercial and engineering viability. Sanswire will operate as a wholly owned subsidiary of GlobeTel and Michael Molen will remain as its President.
Placing a communications platform into the Stratosphere has never been done before. Such a platform will change how the world delivers telecommunications. A low cost, high attitude Sanswire platform will deliver telephone service, Internet service, video and much more. We estimate the cost will be a one time infrastructure investment of $60 paid by each subscriber. The Stratellite airships remain in place using a very sophisticated GPS guidance system and electric powered engines that draw their power from solar cell gel packs that cover the Kevlar skin of the airship. One Stratellite delivers service to an area the size of Texas, approximately 300,000 square miles. At thirteen miles up, the atmosphere is made up of very light gases and very little to no air. High speed winds at this height would not even mess up your hair much less interfere with the operation of the airship. Beta testing of the Sanswire technology will begin within the next 90 days. We will keep you informed. Management believes with the successful test of the Stratellite, hundreds of governments and companies will flock to this technology for their 21st century telecommunication needs. As this date becomes more definite, we will provide the time and place of the demonstration and, of course, the results.
This year the Magic Money Card is being rolled out in Asia, Australia, Europe, North America, and South America. Magic Money products combine many valuable products and services. Today we offer telecommunications, prepaid debit and credit card applications, (i.e. MasterCard and Visa) and money remittances. The product supports the multi-billion dollar money remittance business at a fraction of the cost. Many national regulatory agencies have taken notice. In most countries 80 to 90 percent of the population is considered unbankable. Large segments of the population survive on the money being sent from a relative working abroad. These individuals cannot afford a bank account and are forced to carry around cash to purchase the basics of life which also makes them a target for crime. Remittance fees are very high and it can take days for their families to receive their money. Magic Money is the answer to this problem. It is an electronic bank account. Money is remitted instantly to any card on our system. The costs are very attractive. Magic Money cards can be used at over 1 million ATM and 20 million merchants worldwide on the electronic payment networks displayed on the cards. This product has endless uses. Our system gives the cardholders details for every transaction through our web interface, Interactive Voice Response (IVR) or customer service in their respective countries. It will be useful for families, companies using it for payroll services, governments for benefit payments, to name a few. The Magic Money launch is taking place in foreign markets that have the greatest demand and will then be tied to the ethnic communities in the U.S. Magic Money also gives these cardholders our prepaid calling services automatically. Why buy a standard prepaid calling card when you can purchase a calling card that is also a credit card that you can use at millions of stores and ATMs around the world?
The Text Card is a Short Message Service (SMS) micro-payment system being launched in the United Kingdom initially directed towards the cellular phone prepaid calling market place. This is the fastest growing segment in cellular phone services. Up to 50% of the face value of a prepaid calling card is spent in its distribution. A prepaid calling card provider selling a $10 calling card can have up to $5 in distribution cost before a single minute of calling is spent. With Text Card, the card providers sell their products via a cell phone text message purchase. The cellular user simply text messages our site to purchase the card and within seconds our gateway returns to the cell phone user a local access number and the pin number to make the prepaid calls. The charge is billed to their cellular monthly bill or deducted from their Magic Money Card or other available funds account. The Card provider will save 20 to 30 percent in distribution costs while directly marketing to the customer.
The Magic Phone product is an IP adapter that allows an Internet subscriber to place a low cost, high quality phone call via the Internet. The product also allows the users to have a public telephone number that travels with them. Anytime the adapter is plugged into an Internet port, our network detects it, logs onto our system and routes all their calls through our network. Calls between Magic Phone subscribers are free and voicemail, conferencing, call forwarding, call waiting are just a few of its many added features. This is a great product on its own but coupled with Magic Money and the Sanswire technology, it gives GlobeTel the unique ability to be a self contained telecommunications provider, going directly to the subscribers without the need of any other network provider or putting financial resources at risk as in the case of post paid services.
We have added to our carrier traffic operations Asian and European Gateways. The traffic continues to grow. This income should continue to grow and remain a strong component of our overall revenues
We are building GlobeTel to become a world content distribution network capable of delivering voice, data, Internet service, video, banking, rich content, interactive services, cellular, security, advertising, financial services and much more. We envision a low cost IP delivery system being able to reach everyone within a country, providing them with basic phone service, Internet service, IP Television, IP cellular service and financial services. By deploying Magic Money, the Magic Phone, Text Card and Sanswire, GlobeTel has the first opportunity to become the first independent world based carrier, being able to deliver products and services around the world in ways never seen before. The possibilities are virtually endless.
Revenues and profits will begin to be driven the second half of this year with the launch of these products. The make up of our revenues will transition from lower margin international termination services to higher margin value added services in the third and fourth quarters of this year. Our goal is to be at an annualized run rate of $60 million by the end of the fourth quarter of this year and be providing services on 4 continents. We plan to continue our goal to move off the OTCBB by engaging market support professionals around the world. To make it easier for foreign investors to purchase our stock we will list our company on appropriate and advantageous foreign exchanges.
I hope this letter has helped in the understanding and sharing of our vision. We believe with the recent $15 million funding package we have the financial tools and resources to capitalize on our opportunities. During our planned annual shareholders meeting which will be announced within the next 60 days, we hope to meet with many of you and report on our progress with our products and services and answer any questions you have.
Sincerely,
Timothy M. Huff
Chief Executive Officer
Posts: 34 | From: Chicago | Registered: May 2004
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They just released this PR this morning. This appears to be pretty significant technology. I am going to do more DD, but do you think this has that kind of potentiol to get into that $1 or $2 range in the next few months?
This question indicates that you are not sure of your investment.....
In about a month when this stock has seen 1000% gains, remember that I gave you all the heads up first. Go ahead and stay on board with QBID and all the others out there, but don't put all your eggs in one basket. I have spent all afternoon doing my DD
You've spent one afternoon and now you say 1000% gains in a month...maybe a possibility but...in the word of the street corner hustler, "Negro Please!"
Sorry, we need concrete evidence of potential gains...there's too many inconsistencies in your posts. Try again.
GTEL -- This is my last reminder on this one. Please see the copy of the letter from Timothy Huff CEO written today.
High-Tech Writers / Business Editors MIAMI--(BUSINESS WIRE)--GTEL-- GlobeTel Communications Corp. (OTCBB:GTEL) today announced a restructuring of its senior management team. Due to major developments over the last month involving the Company's corporate structure and various business opportunities, GlobeTel CEO Tim Huff outlined new responsibilities for the Company's senior management team. Mr. Huff will focus on strategic opportunities, mergers/acquisitions, corporate strategy and investor relations. Mr. Leigh Coleman, President of GlobeTel will be responsible for the day-to-day operations of GlobeTel. Michael Molen, CEO of Sanswire Networks, a GlobeTel subsidiary will direct the deployment of Sanswire's Stratellite technology. Mr. Coleman and Mr. Molen will report to Mr. Huff. Mr. Coleman will focus on developing and growing the organization to achieve the revenue growth and profit goals of the Company. Mr. Molen will concentrate on the worldwide deployment of the Stratellite technology and its integration with GTEL's existing technology. Mr. Coleman stated: "A strong focus is needed on increasing the capabilities of the recently expanded organization to cater to the growth which will occur this year. The foundations have been laid with the development of major products and services over the last year. It is now time to fully commercialize these opportunities that will significantly affect the company's revenue and profitability." Current products and services, specifically the Stored Value Card, the Sanswire Stratellite technology, IP Products and services and TXT Card are being launched in several international markets this year. As a result, the company expects substantial growth in all areas. Mr. Molen stated: "In addition to the exciting new opportunities for the deployment of the Stratellites, I look forward to cross pollinating the GTEL technology with the last mile platform created by the Stratellites. The combination of the two technologies gives GTEL and Sanswire unique capabilities that will allow us to gain significant market share by deploying a wide range of products and services." Mr. Huff added, "We have expanded the sales and marketing capabilities of the Company worldwide over the last few months and are now ready to begin rolling out these products and services." The Company's next Board of Directors meeting will be held on May 13, 2004. The Board will set the date and location for the annual Shareholder's meeting and will develop the broad strategy and corporate goals of the Company for 2004/2005. 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. The above are more fully discussed in the Company's SEC filings. For more information on GlobeTel contact Big Apple Consulting USA, Inc., Matt Maguire, 407-884-0444 or 1-866 THE APPLE KEYWORD: FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS SOFTWARE E-COMMERCE INTERNET COMPUTERS/ELECTRONICS MANAGEMENT CHANGES SOURCE: GlobeTel Communications Corp. CONTACT INFORMATION: For GlobeTel Communications Corp., Miami Big Apple Consulting USA, Inc. Matt Maguire, 407-884-0444 or 1-866 THE APPLE
quote:Originally posted by Poker Star: Point taken Chini....Miss the boat on this one I don't care.
It's cool, it wasn't an attack, I just got done reading the new PR I think I'm going to trust you on this one! They seem adamant about making things happen. Worth a shot! Ya never know. Be cool.
posted
No biggee. I just think that there are so many people caught up in stocks such as QBID, that are essentially taking a dump, that in about a month when this stock is trading at .50, they're going to be saying.
"Damn, why didn't I get in on GTEL way back when."
Just my honest opinion. Besides I think this is one that you don't have to worry about losing 20% - 30% a day like some of the others. I like only 10% gains a day. It's healthy for the stock and you don't see so much mass profit taking the following day.
In my past experience these are the kind of stocks I call creepers. One day you stumble across it and say, HOLY SHAT, that stock just bounced 2000% in the last 2 months, but yet it's not talked about like VRMD, CMKX, QBID, ect.
Just my thoughts, good luck all!!
---------------------------------------------
Let's just be friends
[This message has been edited by Poker Star (edited May 06, 2004).]
Posts: 34 | From: Chicago | Registered: May 2004
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Form 10QSB for GLOBETEL COMMUNICATIONS CORP
18-May-2004
Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operation This Form 10-QSB and other statements issued or made from time to time byGlobeTel contain statements which may constitute "Forward-Looking Statements"within the meaning of the Securities Act of 1933, as amended and the SecuritiesExchange Act of 1934 by the Private Securities Litigation Reform Act of 1995, 15U.S.C.A. Sections 77Z-2 and 78U-5 (SUPP. 1996). Those statements includestatements regarding our intent, belief or current expectations, our officersand directors and the officers and directors of our subsidiaries as well as theassumptions on which such statements are based. Prospective investors arecautioned that any such forward-looking statements are not guarantees of futureperformance and involve risks and uncertainties, and that actual results and thetiming of certain events may differ materially from those contemplated by suchforward-looking statements.
Forward-looking statements include, but are not limited to, statements about ourplans, objectives, expectations, intentions and assumptions and other statementsthat are not historical facts. Words like "expect", "anticipate", "intend","plan", "believe", "seek", "estimate" and similar expressions identifyforward-looking statements.
Overview
GlobeTel Communications Corp. (Globetel), a Delaware corporation established inJuly 2002, is engaged in the business of providing telecommunication services,primarily involving Internet telephony using Voice over Internet Protocol("VoIP") equipment. The Company is authorized to issue up to 1,500,000,000shares of Common Stock, par value $0.00001 per share, and 10,000,000 shares ofPreferred Stock, par value $0.001. The preferred stock is a so-called "blankcheck" preferred, meaning that its terms such as dividends, liquidation andother preferences, are to be fixed by the Company's Board of Directors at thetime of issuance.
Results of Operations - Comparison of Three Months Ended March 31, 2004 and 2003
Revenues. During the three-month period ended March 31, 2004, our sales were$3,210,333 compared to sales of $3,013,067 during the same period last year, oran increase of 6.5%. Our revenues continue to be predominantly fromtelecommunications minutes going through our Mexico and Brazil networks.However, during this period, we started running telecommunications traffic tothe Philippines and United Kingdom.
Cost of Sales. Our cost of sales consists primarily of the wholesale cost ofbuying bandwidth purchased by us for resale, costs of telecommunicationequipment and technical service. We had cost of sales of $3,164,741 for thethree months ended March 31, 2004, compared to cost of sales of $2,109,232during the three months ended March 31, 2003. We expect cost of sales toincrease in future periods only to the extent that our sales volume increases.
Gross Margin. The gross margin decreased to $45,592 for the three months endedMarch 31, 2004 compared to the same period last year when the gross margin was$903,835, or a decrease of 95%. The decrease in gross margin is attributable tothe increased cost of the minutes to terminate, especially the Mexico network,where our margin is less than two percent. We expect to derive higher marginsonce we formally take over the operations of our customer's Mexico network asdescribed in Part II, Item 1 "Legal Proceedings."
Operating Expenses. Our operating expenses consist primarily of payroll andrelated taxes, expenses for executive and administrative personnel, facilitiesexpenses, professional and consulting service expenses, travel and other generalcorporate expenses. Our operating expenses for the three months ended March 31,2004, was $1,341,459, an increase of $825,422 from the same period in 2003. Ouroperating expenses are higher in this period as we wrote off some bad debts fromour Mexico and Brazil operations. Our expenses in the future may increase inabsolute dollars as we continue to expand our network termination locationsworldwide and incur additional costs related to the growth of our business andbeing a public company.
Income (Loss) from Operations. We had a net ordinary loss of ($1,295,867) forthe three months ended March 31, 2004, compared to net ordinary income of$387,798 for the three months ended March 31, 2003. The loss was a result ofreduced margin and higher operating costs. We expect that we will continue tohave higher operating costs as we increase our staffing and start expanding ouroperations in Europe and Asia.
Other Income (Expense). Interest income (expense) consists of interest expenseon our borrowings and interest income earned on our cash and cash equivalentsand, for the prior period, receivables from related parties. We recordedinterest income of $736 during the three months ended March 31, 2004, comparedto $109 during the same period in the prior year. Interest expenses during thethree months ended March 31, 2004, were $6,951 compared to $35,589 during thesame period in the prior year.
Net Income (Loss). Our net loss for the three months ended March 31, 2004, was($1,298,567) compared to a net income of $411,073, during the three months endedMarch 31, 2003.
Liquidity and Capital Resources. As of March 31, 2004, we had $333,917 of cashand cash equivalents compared to $337,896 as of March 31, 2003.
Our accounts receivable were $2,933,731 as of March 31, 2004, compared to$2,625,278 during the same time period in 2003. An estimated 98% or $2,875,056of the March 2004 receivables were attributable to two (2) customers, includingan 48% or $1,408,191 related to the Brazil network and 50% or $1,466,865 relatedto the Mexico network. We have increased our allowance for doubtful accounts by$398,748 for the period for these two customers.
We had current assets totaling $3,877,848 as of March 31, 2004, compared to$4,563,275 as of March 31, 2003. The decrease was attributable to the write-offof receivables in the prior year as discussed in note 2 to the financialstatements. Total assets decreased to $4,292,220 as of March 31, 2004, from$9,362,947 in the same period in 2003. Likewise, the decrease is attributable towrite-off of long-term receivables as discussed in note 2 to the financialstatements.
Our total current liabilities decreased to $1,423,180 as of March 31, 2004, from$4,738,005 as of March 31, 2003. The decrease is principally due to payments ofnotes payable, accrued officers' salaries and related party payables. Totalliabilities decreased to $1,423,180 as of March 31, 2004, from $4,793,005 as ofMarch 31, 2003.
Our cash used in operating activities was $1,187,403 for the three months endedMarch 31, 2004, compared to $221,704 during the same period in the prior year.Our investing activities during the three months ended March 31, 2003 totaled$3,792 compared to $50,000 in the prior year. Cash provided by financingactivities was $1,300,118, principally from the sale of preferred stock, for thethree months ended March 31, 2004, as compared to $407,969 for the same periodin the prior year.
We do not have existing capital resources or credit lines available that aresufficient to fund our operations and capital requirements as presently plannedover the next twelve months. We are actively pursuing additional funds throughthe issuance of debt and/or equity instruments. Item 3. Controls and Procedures
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