World Surveillance Group Inc (fka WSGI)

[Q-reus]

Morning all. I have pasted a GlobeTel article from StreetInvesting.com. I did not see any deragotory statements about the company in the article. Here's hoping that there will be more positive stories to follow. GLTAL
Q-reus

http://www.streetinvesting.com/home/members.php?id=66&artID=1214&archive=


Articles

GlobeTel Communications

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GlobeTel Communications Corp.

AMEX:GTE

Average Volume: 1,184,020
52-Week High / Low: 4.49 / 0.55
Shares Outstanding: 103,898,000

GlobeTel Communications Corp., a diversified Telecommunications and Financial Services Company, was up another 1.45% Monday, with approximately 855,200 shares having traded hands come the toll of the day’s closing bell.

Both Wall Street and Bay Street investors experienced a phenomenal positive correction Monday, with North American indexes exhibiting substantial gains across the board upon the end of the trading day. This was a refreshing change of pace for many after Thursday and Friday’s dismal sessions had brought the Nasdaq composite index to its lowest close since May 17, 2005.

Monday’s sudden increase in investor sentiment was fuelled by upbeat earnings from drug makers, as well as news of various acquisitions and increased earnings. This it seems, tempered anxieties about a slowing economy and the ongoing turmoil in the Middle East. As of late, the market seems to be becoming increasingly sensitive to daily news, an anomaly that many investors and day traders have been using to their advantage.

According to preliminary calculations, the Dow surged a whopping 182.67, or 1.68%, to 11,051.05.

Broader stock indicators were also higher, with the Standard & Poor's 500 index rising 20.62, or 1.66%, to 1,260.91, and the Nasdaq jumping 41.45, or 2.05%, to 2,061.84.

Thursday and Friday’s decline in the marketplace and then Monday’s positive correction followed months of trading characterized by sharp one-day up or down swings. These big index moves and wide advance-decline margins, many feel, can be predominantly attributed to investor’s nervousness surrounding interest rates, inflation and an economic slowdown. Athough the entrance into the second quarter earnings season is continuing to be a turbulent one, many investors are continuing to see success on increased earnings reports and breaking news.
Investors of GlobeTel Communications Corp. experienced this first hand Monday, as shareholders embraced positive returns come market closure.

In the most recent news to surface surrounding this Company, which we feel may have had an affect on the day’s success in the marketplace, as well as an ongoing affect on shareholder outcome, GlobeTel Communications Corp.'s wholly owned subsidiary, Sanswire Networks LLC, announced late last week that it had been granted a Statement of Capability (SOC) by the Air Force Flight Test Center (AFFTC) of the United States Air Force. This, in turn, permits Sanswire to flight test its Sanswire 2 high altitude airship technology demonstrator. Sanswire began to seek approval for the SOC in February of this year. NASA's Dryden Flight Research Center, also located at Edwards, will provide meteorological services to the Air Force Flight Test Center in support of Sanswire's flight test effort.

The flight tests will occur at Edwards Air Force Base in California's high desert. It is planned that flight tests may extend through the fourth quarter of 2006. The Sanswire airship is scheduled to fly several test sorties at Edwards Air Force Base Range after the successful completion of tethered flights.

"We are now about to start the flight test program for the Sanswire 2 Airship, our Technology Demonstrator. These test flights will begin after the replacement carbon composite structure is received from our suppliers as described in the July 17 press release," stated Bob Jones, Sanswire's President.

Timothy Huff, CEO of GlobeTel Communications, stated, "I view this as a significant step toward our goals and I applaud Bob and his team on obtaining the approval for the SOC."

Sanswire is developing a Wireless Broadband Network utilizing high-altitude airships called stratellites, which are similar to satellites but stationed in the stratosphere instead of in orbit.

Stratellites will be used to provide wireless voice, video, and data services. The Stratellite is being designed and tested to operate at an altitude of between 55,000 and 65,000 feet utilizing onboard Guidance and Navigation Control (GN&C) to achieve its on-station position.

In lieu of this recent news, in combination with this stock’s impressive market performance recently, Streetinvesting.com has become further interested in what the future might be holding in store for this diversified Telecommunications and Financial Services Company. Subsequently, our research team has chosen to continue our look at GlobeTel throughout the ensuing weeks and months. During this time, we will also be quick to pass on to you, our valued members, any further news or developments surrounding this Company, which we may come across in the future.