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bellwetherreport.com: Bellwether Report .com is following GlobeTel Communications Corp

Jul 31, 2006 (M2 PRESSWIRE via COMTEX) -- The Bellwether Report Takes Notice of GlobeTel Communications Corp (AMEX: GTE)

GlobeTel Communications is thinking big -- really big.

The company is working to roll out a global Voice over Internet Protocol (VoIP) network with regional nodes it calls Super Hubs that will connect directly to points of presence (POPs) in the US.

GlobeTel's Sanswire subsidiary is developing airship "stratellites" (they're positioned in the stratosphere) to enable the Super Hub network. In the meantime, the company provides a variety of telecommunications services, including a VoIP service called MagicPhone, marketed primarily in Mexico.

It also resells international long-distance service and provides stored value debit cards.

GlobeTel Communications shares are up 3% despite an ongoing appeal.

GlobeTel Communications Corp today announced that it has notified the American Stock Exchange (Amex) of its decision to appeal the Amex Staff Determination to delist the common shares of GlobeTel from the Amex.

GlobeTel had announced on July 19, 2006 that it had received a letter from the American Stock Exchange that there had been a Staff Determination to strike the Company's common shares from listing and registration on the Amex.

The Company's appeal will be heard by the Amex's Listing Qualifications Panel.

The Company's understanding is that the panel is comprised of.....

To review research on GlobeTel Communications Corp as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. No credit Card Needed!!

http://quotes.freerealtime.com/dl/frt/N?symbol=GTE&art=C2006073100212u8708&SA=Latest%20News

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