Agree Squirt, Don't Blame the AMEX. It did give Internafta additional comfort. Below is the complete link to the Russian deal. It doesn't look like it was a deal made before Hotzone was acquired. It seems Globetel was taking all the credit. Interesting to read again, come up with your opinion if the AMEX forced the release. The original release was in Dec. this was updated with much confidence on GTE's part .
In addition to GlobeTel's technical expertise, Internafta gained CONSIDERABLE ADDITINAL COMFORT from the fact that GlobeTel is an AMEX-listed, public company with a high degree of transparency, regulatory oversight and accountability. Also, the quality of GlobeTel's Officers and Directors was not lost on the Investors as they completed their technical and organizational due diligence. For example, they were impressed by GlobeTel's unusual (for its size) international expertise and reach. Sir Christopher Meyer, Chairman of GlobeTel's Board of Directors and recent British Ambassador to the United States, brings more than 30 years of Foreign Service experience (starting with an initial posting to the former Soviet Union where he became fluent in Russian). In his senior roles supporting Prime Ministers Thatcher, Major and Blair - Sir Christopher's presence clearly reinforced GlobeTel's cross-border expertise and ability to operate comfortably in the international marketplace. Also, J. Randolph Dumas recently joined the company as a Director and as Executive Vice Chairman of the company, after more than two decades of successful experience working around the world as a senior Managing Director at Salomon Brothers International Ltd., and within his own international private equity firm. In fact, Mr. Dumas stepped down from his position as Managing Partner of Rubikon Partners in order to devote more time to the achievement of GlobeTel's international ambitions. (Rubikon Partners is a private investment group founded by Mr. Dumas, Dr. Henry Kissinger, Thomas "Mack" McLarty III (President Bill Clinton's first chief of staff) and Leo A. Daly III (owner of the world's largest private architectural and engineering firm). These individuals, along with an impressive array of other new and existing Officers and Directors, greatly heightened our Russian partners' awareness of GlobeTel's surprising "reach" in the areas of science, engineering, geo-politics and cross-border business.
"There is no great honor these days in being a long (very long)....... Not a lot of profit either it seems."
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