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January 05, 2004 11:17:00 (ET)


MIAMI, Jan 5, 2004 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTEL, Trade), today announced the launch of TXT Card in the UK and Europe through a development agreement with UK based software developer, Hybyte Limited.

Globetel, under its agreement with Hybyte, will provide the funding to fully develop and market the TXT Card product worldwide. Hybyte will provide the software development software and enabling technology necessary to develop, implement and maintain the TXT Card product while Globe Tel will provide the sales and marketing effort.

TXT Card is a new, innovative method of providing pre-paid calling cards and other Virtual Products for Mobile phone users. Mobile phone users simply pay for pre-paid calling services, such as accessing low International rates, by sending a SMS request to purchase a virtual calling card, and almost instantly, the user receives back a PIN, enabling them to make international or long distance calls. Payment is linked to the customers' Mobile phone account or to the customers' debit/credit cards like GlobeTel's Pre-paid Magic Money Card which is also expected to launch in 2004 in Europe.

The TXT Card enables the calling card provider to sell direct to the end mobile user, eliminating significant distribution costs like distributor's margin, cost of cards, cash handling, and bad debts.

This service is being launched initially in the UK and Germany in January 2004 where SMS is used extensively. International markets including Asia Pacific will be opened in second Quarter 2004.


Key Market Drivers for TXT Card:
-- 2 billion + SMS messages are sent in UK and Europe every month
-- SMS campaigns create impact, strong brand loyalty
-- SMS usage is growing fast as users age
-- Over 50% of UK calling cards are used from Mobiles
-- SMS usage is growing fast - universally understood
-- SMS usage in Asia is huge and the US acceptance is expected to
grow significantly in 2004
-- Consumers lack trust in retail "shop window" cards
-- Premium Rate Service Text fastest growing part of the SMS
market
-- 80% prefer SMS to IVR for Premium Rate Services
-- Reduces cost of distribution by up to 40%
-- Increases revenue by up to 25%
-- Establishes a direct relationship with the customer

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.

SOURCE: GlobeTel Communications Corp.


GlobeTel Communications Corp., Miami
Timothy M. Huff, 305-579-9922
Fax: [phone]
email: [e-mail]

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