World Surveillance Group Inc (fka WSGI)

[mide]

I'll try again to clear up the confusion that is going on regarding corporate name change and who owns what.

Currently, Globetel, a Delaware Corp., wholly owns 50% of the Florida Sanswire Corp. which just changed its name to SanswireTao (total authorized shares 500 mm), with the deal of transfer of 250 MM authorized shares to Tao, who wholly owns that half.

Thus Globetel shareholders wholly own 250 mm authorized shares of SanswireTao Florida....the other half.

Globetel itself has 250 mm authorized shares in itself in the Delaware Corp.

My understanding is that Globetel intends to file for a new Corp filing in the State of Delaware under the name of Sanswire and authorize an exact match 250 MM authorized shares. This turns out to be cheaper than just changing the name of the original entity, is the reason why.

Then the company intends to swap 1 for 1 the shares of the parent Globetel for the new Sanswire shares and acquire a new trading symbol to as yet be determined, and dissolve or abandon the Globetel named Corp.

At the moment there is no rush to do this.

When it is done, all the prior obligations from Globetel will indeed pass to the new parent Sanswire Delaware.

Hope this helps.

m





Before dawn there is darkness.