MIAMI--(BUSINESS WIRE)--Jan. 18, 2005-- GlobeTel Communications Corp. (OTCBB:GTEL) today announced that the company has signed a Letter of Intent (LOI) with the National Aeronautics and Space Administration (NASA). The agreement with NASA's Dryden Flight Research Center at Edwards Air Force Base in California positions the company for future governmental partnerships and business development ventures. The LOI will create a 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. The parties also envision that the agreement will employ provisions for joint advocacy and proposal development efforts in the pursuit of future new business opportunities of mutual benefit. The agreement will provide NASA and other agencies the access to the Stratellite for the installation, integration, and deployment of NASA sponsored sensors and other projects. Under the proposed agreement, other government agencies may, in cooperation with NASA Dryden, utilize the Stratellite for their projects and requirements. Timothy Huff, CEO of GTEL, stated, "It is a great honor to be working with an organization such as NASA. The Space Act agreement will give GTEL access to additional capable personnel and technology, accelerating the growth of both GTEL and our wholly-owned subsidiary, Sanswire Networks LLC, and take advantage of the opportunity that lies ahead of us." 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 or http://www.globetel.net . 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.
KEYWORD: NORTH AMERICA FLORIDA NEW YORK UNITED STATES INDUSTRY KEYWORD: TECHNOLOGY GOVERNMENT DATA MANAGEMENT ELECTRONIC DESIGN AUTOMATION HARDWARE GOVERNMENT AGENCIES NETWORKS SOFTWARE TELECOMMUNICATIONS CONTRACT/AGREEMENT SOURCE: GlobeTel Communications Corp.
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
watch out for that asteroid belt on the right of .12
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
ladies and gentlemen, we've just passed the asteroid belt at .12....if you look to your right, you will see .125 not far off hehehe....
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
the eagle has landed on .125.....the 52 week high of .137, can be seen in the near distance...LOL....
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
i notice NITE is staying on the inside BID and staying outside on th eASK..they are either covering their shorts or accumulating ...either way...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
the gains from this one are sure gunna' look good in that IRA glassman
"ladies and gentlemen, the 52 week high can now be seen over the horizon of Mars" "oops, wait...MM solar flares blocking the way" LOL
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
solar flares dissipating, MM gravity weakening, prdponce, looks like your right...next stop; 52 week high
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
wow just got home saw the news and its looks awsome, they are dealing with nasa?? and they trade at around .10?? thats preey crazy, i thikn this could hit a $1 maybe?? not sure whats everyones thoughts?
-------------------- The sun even shines on a dogs ass someday....Patience my friend your day will come one day! Posts: 429 | Registered: Jan 2005
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posted
$1 this year, MAYBE, if the blimp flies right when they test it....
however, they have a rather large OS....in some ways this co resembles SIRI.... the military is interested too...and the blimp is revolutionary to say the least....as a matter of fact, i almost laughed it off the first time i heard about it, but did some reading outside the financial rags/websites, and decided this one is one to watch very closely... NASA and the US military are watching closely now,too, just shows that there is POSSIBILITY here,
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
glassman, what is the O/S for this one? looks like a keeper... TIA, BullRider
-------------------- Do your own DD, don't trust mine. "Love to ride bulls and other animals that buck" Posts: 24 | From: Texas | Registered: Jan 2005
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posted
I guess tomorrow will tell which way this is going to go. Held nice at the EOD. Todays volume and news should get some people attention tonigh.
Posts: 5120 | Registered: Jun 2004
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posted
it was a nice run....I pulled out at .127.....it was stag for awhile....the next positive PR will shoot this through the roof....keep an eye out....JMHO...
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
it was fun....thought it would've popped higher.....strong buys at ask in the beginning, but ask wouldn't go up....maybe shorty was leading....don't know....next one should let 'er rip....
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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posted
yea, I got in at .104 when the news hit...(I was lucky at that price)....hit .13 (as I state above) then it dipped to .125 I believe, and picked back up....then stagged.....so I pulled.....nice gain though....good luck tomorrow
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;) Posts: 1740 | From: NJ, USA | Registered: Oct 2004
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At GlobeTel, our Board of Directors, management and staff feel privileged to have been afforded opportunities for growth and thank you for your confidence and sharing in our efforts and goals.
We have, by public news releases and our web site (www.globetel.net), endeavored to keep you and the general public timely apprised, informed and aware of all significant events.
In December 2003, I described our vision for a 3-year plan. The year 2003 was for corporate restructuring and business reformation. The year 2004, was to develop investor strategies, capital funding, product definition and business development. Finally the year 2005 was revenue growth and building value in the public markets.
I set forth a two-pronged strategy for developing value for GlobeTel: Growth of High Volume, Low Margin Carrier-Based Traffic. We ran on average over $1 million a week in carrier traffic during the fourth quarter of 2004. Our carrier business is in full swing and our focus will now turn to making it a very stable and increasing the profit margin. We plan to light up the international gateway in Hong Kong in the first quarter of this year. This will increase our worldwide carrier network capabilities and give us a high-margin based business for our Asian traffic. The carrier business forms and creates the backbone structure for our value added products like Magic Phone and Magic Money. Investments in New High-Margin, Value-Added Competitive Products. These investments are necessary to complement our carrier-based revenue and eventually become the primary business of the Company. Value-added products like Magic Phone and Stored-Value Programs, which includes MasterCard money remittance programs and prepaid calling cards, will combine with the carrier business to create high revenues and high margin-based businesses.
Today, at the beginning of Year Three, we are poised at two important milestones for our Company:
Milestone 1: The Expansion of our Stored-Value Program; and
Milestone 2: Sanswire's Launch of the Stratellite. Expansion of our Stored-Value Program:
We have invested heavily in developing the infrastructure, business and partnering agreements, products, services and support over this past year to effectuate these initiatives. We have described these products and services and their progress in various press releases.
We will expand our Stored Value programs in Mexico, the Philippines and India, the three largest money remittance markets in the world. We will begin expansion by adding calling card functionality to millions of debit cards in Mexico in the first half of 2005 and will repeat the process in India and the Philippines. We will also expand our prepaid calling services into new markets in the second half of 2005. A full telephony product line will be introduced in the first quarter of 2005 and launched in key markets by June 2005. Our goal is to have 6 million Stored-Value cards and over 1 million MasterCard money remittance customers worldwide by 2006.
We project that these products and services will provide such revenues and margins that the Company will show profitability by the end of the second quarter of 2005.
We are breaking new ground in these markets with new and innovative approaches and are very cautious about any blue sky forecasting. We are confident of what we believe will be our successes but trust you understand our conservatism as to any projections.
Of course, these are estimates only and based on things currently known and in motion. As we all realize, situations can change locally, internationally and also dramatically. We anticipate revenues to increase through the second, third and fourth quarters as these new launches gain momentum throughout the year. Our focus this year is to make the company profitable while staying focused on building products and services. We will become driven to add higher-margin businesses and bundled services.
We believe our longer term goals of $250 million revenues by the end of 2006 are achievable and realistic, based on solid products and services and the successful implementation of marketing strategies.
None of our projects or revenue goals include our exciting subsidiary, Sanswire Networks, LLC (Sanswire). Sanswire is too explosive and exciting and it would be impossible for us to offer any believable forecast. This brings us to the second milestone. Sanswire and the Launch of the Stratellite
GlobeTel intends to be the first to reach the Stratosphere with Sanswire's High Altitude Airship - “Stratellite,” overcoming the final barrier that has limited the further growth of the communications industry - “the Last Mile.”
We have scheduled the launch date for the Stratellite prototype for March 25, 2005. Prior to this, on February 21 and 22, we will have the Partners and Technology Summit to be held in Southern California. This conference was rescheduled to allow partners from many interested parties to attend. We have one opportunity to get this right, there is no reason to rush it or to have a meeting that doesn't allow the maximum participation in the Summit.
This venture is difficult for many to understand as well as its impact on the world of communications and how it will affect the value and exposure of GlobeTel. The launch date was chosen to allow closed testing for certain groups that require it and again there is no reason to rush the launch. We are currently ahead of the industry and we believe we are in the unique position to be the first to reach the Stratosphere with a stable airship platform.
In August, I described our Company vision, as our ability, “to enable individuals to communicate at any time, anywhere in the world, to transact and interact personally, financially and in a simple straightforward way that they have not been able to do before and to free individuals from the confinement and inflexibility of technology and to provide them with more freedom, choices and options.”
We have shortened our vision to “Communicate, Interact and Transact - Globally.”
GlobeTel will, in the future, be able to deliver integrated voice, video and data through the development of Internet Protocol (IP) Super Hub infrastructure, the ideal platform for High Performance Rich Content applications.
The present interest in the Stratellite project includes high profile investment individuals and companies, commercial interests and those in the highest levels of government and the military. In addition to a number of requested meetings for presentations, there is also substantial media interest.
We have intentionally not included any revenue projections for the Stratellite project as the potential and possibilities are quite staggering. We also have a lot of work yet to be done on all aspects of the venture itself.
Finally, I would like to expound on another very important and critical component of the growth of our Company, our application to the American Stock Exchange (AMEX). The application to the AMEX has been submitted and it is presently under review.
We have been asked why we are pursuing this direction. There are several key reasons, among others: Going to the AMEX gives us the ability to attract the attention of money managers and funds that we can't talk to now; A specialist is assigned to the stock to represent the Company, to provide in-depth information for investors, including projections and company goals; Many investors and investment firms have guidelines such that they cannot be associated with firms that do not have a certain status.
Our four major areas of business - Carrier Traffic, IP Telephony Products and Services, International Magic Money and Stored Value Cards, and the Sanswire Stratellite, can all be considered companies within themselves, each are viable and though there is some shared overhead, we intend for each to stand on their own and be successful and profitable in their own right. We do not want to be totally dependent upon one single venture or project.
We are excited about our future which we share with you as part of our GlobeTel family and our partners worldwide.
You have my commitment and that of our entire GlobeTel team to do our very best in utilizing our energies, talents and resources to meet our goals and objectives. Sincerely,
Timothy Huff CEO GlobeTel Communications Corp.
Posts: 5120 | Registered: Jun 2004
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posted
here's something to think about....how much does ONE single space satellite cost? more than the market cap of GTEL....and GTEL is in OTHER stuff as well.... with NASA and the military interested, the cost of development and initial production will be EZ to manage...
i hold a small portion of my shares with the intention of keeping them for a year or more
it still has to fly tho....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I'm confused.. Which company is making the stratelites: Sanswire or Globetel? Then which company should we be investing in?
Posts: 19 | Registered: Dec 2004
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