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GlobeTel Announces Marketing and Consulting Agreement with Coldwater Capital
Wednesday July 30, 2:48 pm ET


MIAMI--(BUSINESS WIRE)--July 30, 2003--GlobeTel Communications Corp. (OTCBB:GTEL - News), today announced the engagement of Mark Neuhaus and Coldwater Capital for the marketing and consulting of GlobeTel Communications Corp.
Mark Neuhaus is a professional racecar driver. Neuhaus has been driving for the Dick Barbour Porsche team and the Intersport Racing, Banana Joe's in the American LeMans series. In the 2000 season the team won ten out of twelve races including the 12 hours of Sebring. In the 2001 and 2002 seasons the team won the championship in their class. For the 2003 season Mr. Neuhaus is driving for the Saleen/Konrad factory team.

The teams have been proudly sponsored by the Porsche North America, Michelin Tires, Mobil 1 Oil and Pirelli Tires. These four companies will use the car in advertising worldwide and GlobeTel will have its logo alongside of these sponsors on Mr. Neuhaus's racing car. Between all of the television and print media both press and advertising material this results in millions of impressions for GlobeTel.

Mr. Neuhaus has also signed a consulting agreement with GlobeTel to market and distribute the GlobeTel Magic Money debit/credit card prepaid calling card. Mr. Neuhaus has been involved with prepaid calling and the distribution of these types of calling cards for several years now. With his unique access to large worldwide companies, GlobeTel and Mr. Neuhaus plan to provide new and large scale distribution of the GlobeTel produces and services.

The compensation for Mr. Neuhaus's services will be based on $2,500,000 worth of options provided to Mr. Neuhaus which he will purchase from the company. This represents the first phase of GlobeTel's fund raising. GlobeTel plans to finish all fund raising activities within the next 60 days.

Tim Huff, CEO of GTEL, stated, "With the alliance from this agreement, GlobeTel plans to rapidly grow its distribution and exposure of GlobeTel's products and services. Not only does the exposure of the marketing from this agreement assist GlobeTel to launch its services worldwide, but Mark's connections within the large scale distribution companies of these products and services offer great opportunity."

Additional information concerning other areas and topics of GTEL can be found on our web site at 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.



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Contact:
GlobeTel Communications Corp., Miami
Jerrold R. Hinton, 305-579-9922, ext. 4
Fax: [phone]
email: [e-mail]
http://www.globetel.net