World Surveillance Group Inc (fka WSGI)

[lowtrade]

Outstanding future shares were posted by Rocky, but what else will be needed, if GTEL is successful with all future deals and thus becomes SUCCESSFUL, what we expect, so we should expect the need to issue more shares over the next 2 years, to 2006 and the $250 mil revs, RIGHT! No success, No $250 mil rev's.

Hard to calculate these but they can't add up to the 210-290 million Rocky showed left or we will be over the 1.5 bil limit! Hope they don't, But expect they will. IMO there are to many shares out and expected to be issued to stay under 1.5 with success over the next 2 years. Without success maybe.

Center Line LLc;
2 year deal, end June 30, 2006: More stock shares
If the LLC brings in $50 million
at the end of the first year of operation, CSI will receive $1 million of the company's publicly traded stock. If CSI repeats the $50 million in profitable revenue in year two, CSI will receive another $1 million of the company's publicly traded stock. If successful!

Then there is our American Exch. deal, end Dec 31, 2005: More stock shares
The Company will pay a one-time fee of 500 shares of Preferred Class C stock, convertible into 1% of the common shares of the Company after a one year holding period. Only if successful!

Then there is the Sanswire deal, end Dec 31,2005: More stock shares
In accordance with the Sanswire agreement, an additional 200 million shares were to be issued pursuant to the terms and conditions of the "successful commercial launch" If successful!

Will this deal require shares? No details, yet.
In July 2004, the Company entered into two separate agreements with SMSaging.Inc. and Movil+, which are SMS and Wireless specialists, who will partner with the Company to provide the technical support needed to launch initiatives related to certain features of the Stored Value Program in the 4th Quarter 2004.

How about 2004 options? Here's 2003's. What will 2004, 2005, 2006 look like? Expect any??
September 26, 2003 2,206,667 Satisfaction of debt
September 26, 2003 17,600,000 Accrued salary
September 26, 2003 8,944,467 Accrued salary
September 26, 2003 7,444,467 Accrued salary September 26, 2003 7,444,467 Accrued salary
September 26, 2003 4,111,133 Accrued salary
December 18, 2003 6,666,667 Officer salary
December 18, 2003 5,333,333 Officer salary
December 18, 2003 3,333,333 Salary
December 18, 2003 1,000,000 Officer salary
December 18, 2003 1,666,667 Accounting services
December 18, 2003 2,666,667 Network services