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Author Topic: GTEL
Reddragonslair
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This may sound like an old story to some but I just got a call from a friend. He tells me his "broker" called and told him to buy as much of GTEL as he could afford "it was going to rocket" in 2005.

I found alot out there on the company but nothing that makes me want to bet the farm on it. Does anyone else know or have heard anything about this company or do you think it is like the gold mine stock I bought a few years back, still waiting for them to find the gold.


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Steve020866
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This is my opinion only

If they get the Stratellites up that they are saying they will to cover the United States, it will be big. Just think of AOL and what happened with them. If these Stratellites get operational and put out wirless connection to every laptop and home computers, just think of the possiblities. You will only need to deal with one company for all your online needs and it will work for both home and laptop. Anytime you are away and have a laptop with wirless you will never miss anything no matter where you are.

I wouldn't consider the farm and probably not much of anything yet until they do their testing in January with an actual Stratellite. They will need to iron out any problems and then once that is taken care of they will need to manufacture and lauch several of them to cover the US. This will all take time and funding.

Once all this is set and done I think we may see another AOL for online users. When this will happen who knows. Maybe early to mid 2005 depending on problems found during the initial launch of the first Stratellite.

I still wouldn't suggest the farm but a little bit may not hurt, if you feel like waiting. I have been watching this closely and when they bring out a PR it goes up a bit and then back to the 7 to 10 cent range.

Steve


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glassman
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i agree with steve... it can be traded, but,
buying some and forgetting about them for a couple years is probly a good idea...
it USUALLY takes longer to get things like this working smoothly than we want, but, i think of it like SIRI a couple years back.....

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TheBundo
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A lot depends on their test in the 1st quarter. If the thing crashes, it won't be good. But if it works, the military is also interested.
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Reddragonslair
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Thank you for your input. This sounds like one to buy and hold or at least watch but that it isn't going to $5 a share by July 2005.
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jordanreed
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GlobeTel Announces Sanswire Event Schedule for First Quarter
1/5/2005 9:42:00 AM
MIAMI, Jan 5, 2005 (BUSINESS WIRE) -- GlobeTel Communications Corp. ( GTEL ) today announced updates and events schedules for the first quarter of 2005 for its wholly owned subsidiary, Sanswire Networks, LLC (Sanswire).

Timothy Huff, CEO GlobeTel Communications Corp, stated, "The interest in Sanswire's Stratellite technology is growing by the day. Given the amount of interest on an international scale, we had to expand our schedule to include various groups' timing issues and give everyone the opportunity to preview our revolutionary technology."

Mr. Huff continued, "We have had on-going discussions with several groups within the U.S. government and military concerning the rollout and use of the Stratellite. Further, we are in discussions with the other corporate and private groups, as well as foreign governments, who all have expressed interest in the development and commercial viability of the Stratellite."

The Partners and Technology Summit, previously scheduled for January 20 and 21, 2005, has been moved to February 20 and 21, 2005. Further, as a result of the increased interest and rescheduling of the technology summit, the launch date of the Stratellite prototype has also been rescheduled for March 25, 2005. This move enables the company to accommodate scheduling issues with attendees and to ensure that all issues are fully addressed prior to launch.

The summit is intended for technology partners, military, governmental and commercial interests to have an open dialog with Sanswire's management and engineers. The first of the two-day summit will be for presentations and technology meetings and the second day will include a visual tour of the constructed Stratellite prototype.

For information and invitation to attend the summit, contact Leigh Coleman at lcoleman@globetel.net. The summit is by-invitation only and is not intended for the general public. There will be a separate meeting for existing GTEL shareholders to view the Stratellite prior to launch. The details of that meeting will be released within the next few weeks.

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.

For more information, please go to http://www.sanswire.com.

Certain statements in this release constitute


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