First GlobeTel airship to be put in service first Qt. 2006.
from their site. ECD's work with U.S airforce should be moving along.
GlobeTel Announces Letter of Intent with Marcatel S.A. de C.V.; Commercial Alliance Will Provide Wireless Communication to 20 Cities in Mexico
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 7, 2005--GlobeTel Communications Corp. (AMEX:GTE) today announced that it has signed a Letter of Intent (LOI) to provide wireless telecommunication services in up to 20 cities throughout Mexico. The LOI was signed in conjunction with its wholly owned subsidiary, GTCC de Mexico S.A. de C.V., its Mexican partner, BTC S.A. de C.V., and Marcatel S.A. de C.V., a Telecom Mexican corporation located in Monterrey, Nuevo Leon.
Marcatel is one of the largest carriers in Mexico, providing service to over 80,000 business customers through its 20 customer care centers located throughout the country. The company offers voice services, carrier infrastructure, and IP and data solutions. Marcatel provides integrated communication services including local telephony, long distance, 800 numbers, and prepaid calling cards, calling cards with international coverage, as well as telephony administration and cost-control systems. Marcatel's IP broadband data services include Internet access using DSL, dedicated and wireless access, dial-up and private lines. The company also provides carrier services, such as dark fiber, private lines, and co-location and spectrum frequencies for microwave access, as well as Contact Center services that complement its offerings to provide the best integral solutions for their clients.
The parties have agreed to start testing the wireless system in the city of Monterrey, utilizing GlobeTel's proprietary wireless technology and Marcatel's strengths as a carrier in the Mexican market. Once the testing period is complete to the parties' satisfaction, they intend to enter into definitive agreements. It is planned that the installation of the pilot will take place in Q1 2006.
"I am very excited about the advanced wireless technology that GlobeTel is bringing to our company. This new alliance will substantially strengthen our ability to offer the Mexican public a wide range of voice and data high quality services at a reasonable price," stated Mr. Carlos Montemayor, General Director of Marcatel.
Mr. Ulrich Altvater, President of GlobeTel Wireless, a subsidiary of GlobeTel Communications Corporation, stated, "I am pleased to be able to demonstrate and roll out our new combined WLAN / DECT infrastructure in Mexico. This is the most advanced integrated wireless voice and data solution available today. The city of Monterrey is a perfect candidate to benefit from this advanced technology that can later be extended to the rest of the country."
Mr. Timothy Huff, Chief Executive Officer of GlobeTel, commented that GlobeTel's ability to partner with strong local companies in different countries provides GlobeTel with "a competitive edge" over other providers. "I am delighted to work with such a well respected company as Marcatel. I believe that joining forces with them will bring a world-class level of connectivity to Monterrey and to Mexico, and we look forward to a long and productive business relationship. We believe that our wireless technology is superior to any product in the marketplace and this, along with our other pilots, will demonstrate that. We expect significant opportunities in the wireless marketplace."
About GlobeTel Communications Corporation:
GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards as a certified financial transactions processor; the sale of carrier-grade VoIP of long distance to major long-distance re-sellers, VoIP technology, wireless radio technology and development, and high-altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship, however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
For more information, please go to: 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 Securities Litigation Reform 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. Sanswire Networks and the launch of the Company's high-altitude airship are subject to various risk factors and investors should construe any such investment as speculative. While the Company believes that the pilot program and the acceptance is significant, there are factors that could affect the actual results. The above are more fully discussed in the Company's SEC filings.
CONTACT: GlobeTel Communications Corp., Fort Lauderdale
Sibylle Faye Yakan, 954-241-0590
investors@globetel.net
SOURCE: GlobeTel Communications Corp.
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