Cali, Gils' response 9/21/07 to my questions. They just may attempt to make it back to OTCBB, I'm thinking through merger with EPCG. Lot of activity going on with them and now GLBT begins to file?????????
From: News Updates and Filings <investorrelations@sharell.com>
Date: Friday, September 21, 2007 10:45 AM
To: xxxxxxxx@cox.net
Subject: Re: GlobalNet Corporation - GLBT
Size: 11 KB
Dear xxxxx:
Thank you for your correspondence today.
GlobalNet is wholly focused on its IP based wholesale business, which accounts for its current revenue.
The Company has announced no projects with the Department of Defense since its restructuring more than 2-years ago. This may be dated or company unrelated information.
If you forward me a source for the information, I would be pleased to look into it further.
Also, the Company has no announced plans to merge with Epicus Communications Group. Neither public company has indicated any such future plans.
The outstanding periodic reports referenced in our communications are still being worked on by the Company's corporate counsel and auditors.
The reports are expected to be completed soon but no date has been provided. The filings of outstanding financial reports will likely be completed sequentially, in order of each report's completion. As such, there may be multiple submission dates over an unspecified period of time.
The completion of the above costly accounting work is highly contingent on the receipt of additional funding from GlobalNet's institutional investors, due to the current cash deficit created by operating losses.
For the Company's most recent Current Report on Form 8-K, please click here.
GlobalNet is committed to providing investors the highest level of shareholder service. If you have questions, please contact me, Monday -Friday between 9:00 AM - 5:30 PM EST, at 832-778-9591, ext. 222.
Sincerely,
GlobalNet Corporation
Gil Sharell, Investor Relations
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this communication are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price, volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
xxxxxxx@cox.net wrote:
Gil,
How has International Broadband Services (IBS), a subsidiary of Globalnet working with the Department of Defense, contributed to increasing revenues?
When is Globalnet merging with Epicus Communications?
When are the 10K's going to be filed? 9/28/07?
xxxxx
Shareholder
AI
