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Re: risk_it_us post# 64715

Monday, 02/12/2007 4:48:57 PM

Monday, February 12, 2007 4:48:57 PM

Post# of 157299
GlobeTel Russia (GTRUS) will be established to represent the interests of GlobeTel in Russia. GTRUS is utilized in connection with wireless, stored value and VoIP operations.

Over the past, GlobeTel has had a number of key meetings with officials at various levels of the Russian Government, including senior members of the Russian Parliament (the "Duma") and various branches of the Russian telecommunications and technology establishment. In early October, following months of preliminary discussions, GlobeTel demonstrated a working version of the HotZone 4010 equipment that will form the backbone of GlobeTel's wireless networks. At that demonstration, the HotZone 4010 system successfully provided internet and DECT phone connectivity inside the Duma Building, quickly establishing its capabilities and easy of use. Largely upon the strength of that presentation, GlobeTel has been urged to establish an office in Russia.

"It is beyond exciting to be able to bring this level of connectivity to Russia," said GlobeTel CEO Tim Huff. "Russia will, quickly and at a relatively modest cost, have a wireless infrastructure that will rival any in the industrialized world. This presents an amazing opportunity for us, for Russia and for our Russian friends. The Russian Internet market is severely limited by a lack of infrastructure and by the high cost to individual users of obtaining high speed internet access, even in those relatively rare cases where it is available. The GlobeTel network will provide city-wide high speed, wireless connectivity with the ability to provide voice-over IP telephony along with residential and business-based DECT service. DECT technology, particularly in conjunction with low-cost VoIP service, is the key to delivering highly affordable wireless telephone and broadband access to areas with limited or high cost service. This initial step - along with other very significant technology breakthroughs to follow - will prove to be significant for all of us."

Some facts about Russia:
As the world's largest country in terms of area - 1.8 times the size of the United States and spanning 11 time zones from Eastern Europe to Northern Asia - Russia's population of 144 million represents a huge telecommunications market with substantial potential for growth. Russia's teledensity is at 28 percent, meaning only 28 out of 100 people have access to a wire line phone. Approximately 70% of Russia’s population lives within the greater metropolitan area of the 30 cities where GlobeTel’s networks will be installed.

More about GlobeTel Russia
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