World Surveillance Group Inc (fka WSGI)

[vkoenig]

Here are excerpts from an email from Monterosso to Khoury dated May 9, 2007:

"Peter I have reached my limit. It is clear that you do not intend to provide me with a fair and equitable separation agreement. I think it is time that a lot of the information I have is known to the stockholders and the appropriate agencies.

I registered and posted on Raging Bull:

http://ragingbull.quote.com/mboar/boards.cgl?board=225373

Is it true that GTEL's chairman Prezemyslaw Kostro has been selling shares? Is it also true that he has been selling shares for his business partners? This I understand has occured over the past few months. What was his intent? Was it to finance the company, if so why were the proceeds transferred to Johathan Leinwald's trust account and not directly into GTEL's accounts? Were any of these proceeds sent to Poland?

Is it true that Jonathan Leinwand was able to issue an opinion letter recently to allow the conversion of restricted shares to free trading shares? If this is true, where did the proceeds go? Who's shares were they? How was he able to accomplish this?

Helmut Wyzisk, I have been told he is a consultant for the company and a personal friend of Leinwald's. He is privvy to all of the inside activities of the company. Wyzisk stated to me that he is accumulating large blocks of stock. Is this legal, is it proper? Also is it true that he can move the stock value with one phone call as he claimed to me? Who are these "big hitters" he has buying the stock and what do they know that stockholders don't?

Mexico joint venture; GTEL was unable to fund it's portion of the joint venture. This was the very first payment and an employee recently terminated lent GTEL the money in hopes of keeping the JV alive. It would appear GTEL has some serious financial problems are [as] it pertains to the joint venture. GTEL is unable to pay it's contractors for services, this being the former wireless division. GTEL has already defaulted once and again a former employee advanced the monies to GTEL in an effort to keep Mexico alive. Once again just recently the JV itself had and I stress the words "had to" advance monies to GTEL to keep the JV alive. Where is the money coming from next?

Is it true that GTEL's employee federal tax withholds have not been paid for the last four months? If so should Mr. Khoury be drawing $250,000 per year?

Peter, this is just a start, I have already prepared a long documented list of my concerns that I will be sending to the SEC regarding the activities of the company and am researching the remaining individuals in the company.

You can rest assured that I am going to do this. As I stated to you yesterday, I am very disappointed in your less that subtle plan to discredit me. I have not taken any action against you or the company in hopes that you would honor your obligations and word to allow me to go on with my life with everything I earned and am entitled to.

THE MEXICO PROJECT THAT IS SO IMPORTANT TO YOU AND THE COMPANY WAS BROUGHT IN BY ME. THESE ARE MY FRIENDS AND THEY DO NOT BELIEVE FOR A MOMENT THAT I HAVE KNOWINGLY DONE ANYTHING IMPROPER."