World Surveillance Group Inc (fka WSGI)

[lowtrade]

Now that I'm back in DD mode about Gtel financials, I've come up with another unanswered question some may like to discuss.

The Sanswire/Stratodyne agreement. WHY can Vern file a S8 to sell his 2 million of the 28 million issued by gtel, but the SNWR shareholders haven't seen theirs?

In the following form Q3, it states Verns shares are to be taken FROM the previously issued Sanswire shares. So how does Vern get shares back from Sanswire, then can register them to sell from shares that Sanswire can't. When they were Sanswires 1st??? Why are vern's out of escrow and free trading only?

Gtel Q3:
As consideration for the sale of the assets, the Company issued 28 million shares of its common stock to Sanswire, pursuant to the Sanswire agreement, at the closing, and the shares were being held in escrow pending delivery of the final documents. In November 2004 all the final documents were delivered and the relationship was consummated. In September 2004, pursuant to the Stratodyne agreement, 2 million shares of the Company's common stock were issued directly to Stratodyne's principal shareholder. These shares are included in the 28 million shares originally issued to Sanswire, and, accordingly, the Sanswsire shareholders will maintain only 26 million shares issued and return 2 million of the previously issued shares to the Company.

Gtel website:
Notice to Sanswire Technologies Shareholders
October 7, 2004
Please be advised that the GlobeTel shares for Sanswire Technologies have been delivered into escrow. The escrow agent is awaiting instructions from Sanswire Technologies for disbursement thereof. Under the agreement with Sanswire, GlobeTel has agreed to register the shares. The registration has not been filed with the SEC yet but is being prepared. If you have any shareholder related questions please contact Sanswire Technologies management.