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Tuesday, 03/08/2005 10:00:02 AM

Tuesday, March 08, 2005 10:00:02 AM

Post# of 157300
-- PRESS RELEASE: GlobeTel Initiates Global Strategy for Sanswire; Establishes Sans --

PEMBROKE PINES, Fla.--(BUSINESS WIRE)--March 8, 2005--

Sanswire Europe to Make Wireless Access Available to
All European Citizens

GlobeTel Communications Corp. (OTCBB:GTEL) today announced a global strategy
for its Sanswire Networks Corporation subsidiary. It has signed a Letter of
Intent to immediately establish Sanswire Europe S.A., its first regional
operating subsidiary. Sanswire Europe will be a joint venture between GlobeTel's
wholly owned operating subsidiary, Sanswire Networks, LLC and Strato-Wireless
Ltd. (SWL), in which GlobeTel will own 55% and Strato-Wireless will own 45% of
the shares of the European Venture. The new operation will be managed jointly by
J. Randolph Dumas and John A. Jensen, Jr., both former senior Managing Directors
at global investment banking firms. Both principals have decades of business
experience throughout Europe and the Middle East.
Sanswire Europe is being formed to generate government, military and corporate
contracts for Sanswire's Stratellite platforms within Europe. Stratellites are
specialized airships, that will be placed in the stratosphere to be used for
transmitting virtually all types of wireless communications and content.
Sanswire Europe will extend the Sanswire franchise into Europe, the Middle East
and Africa. Eventually, other regional Sanswire entities will be created to
develop opportunities in other regions including Asia and Latin America.
"Our strategy is to create geographical action teams with highly qualified
partners whose access to capital sources and direct access to senior government
and business leaders, will allow for rapid deployment of our Stratellite
technology. Our Partners have the capability to mobilize and seize on the
advantage of Sanswire being the first mover to launch and have commercial use of
a high altitude platform airship, in our case, the Stratellite," Timothy M.
Huff, CEO of GlobeTel stated. "Sanswire Networks, LLC will remain a wholly-owned
subsidiary of GlobeTel and GlobeTel will maintain majority ownership of each of
the world-wide partnerships we will be forming. These partners will bring
significant value to our Company."
Mr. Huff added: "SWL represents an ideal partner for both GlobeTel and
Sanswire. SWL's global business experience and relationships, combined with the
entrepreneurial style of SWL's principals, creates an exceptional foundation for
the launch of Sanswire's wireless capabilities within Europe. We believe that
the initial relationship will rapidly expand into other countries with the SWL
partnership."
J. Randolph Dumas, Chairman of Sanswire Europe, remarked: "We are excited
about the opportunity to develop the Sanswire franchise in Europe. The
unprecedented technology inherent in the Stratellite airships represents a
unique opportunity to deliver a full array of communications services for the
benefit of governments and commercial interests alike."
"The access to wireless communications through Sanswire will enable millions
of people to benefit from this technology in areas where cost-effective
communications have been limited or impossible, historically," added John
Jensen, Vice Chairman of Sanswire Europe. "To this end, we intend to move
quickly to establish Sanswire as the preferred platform for delivering wireless
communications in the twenty-first century," he concluded.
Sanswire Europe will drive the European strategy by integrating clients'
special voice, data and video requirements with the resources of Sanswire's
newly established Research and Development Division. This division will provide
technological and operational expertise and support to meet each client's
particular needs. The first prototype of a fully operational Stratellite is
scheduled for launch in early April in California.
Randolph Dumas, a resident of London, England, has lived and worked in Europe
for the past 25 years. He was a partner of Salomon Brothers International
Limited responsible for the firm's European corporate finance, mortgage
securities and real estate investment banking businesses for a number of years.
Subsequently, Dumas founded and became the Managing Partner of two prominent
private equity firms: Dumas West & Co (a 50:50 partnership with the "Baby Bell"
telecommunications company, US West) and Rubikon Partners, a firm focusing on
European LBOs. Dumas has had extensive experience working in virtually every
business sector and in every country within Europe and in much of the Middle
East. He maintains strong relationships in these countries at the highest
levels.
John Jensen, also a London resident, has lived and worked in Europe since
1992. He spent 32 years in various management positions at Merrill Lynch, from
which he retired recently as Vice Chairman of Global Equity Capital Markets. At
Merrill Lynch, he led the management of more than 500 equity offerings including
large, high profile European and Asian privatizations, primarily in the
telecommunications, technology and natural resource industries. Jensen's
experience provides an in-depth knowledge and keen understanding of the dynamics
of the relationships between governments and commercial enterprises globally. He
is also Chairman of Pelham Sloane Ltd., a designer, manufacturer and marketer of
patented, all-in-one computers, based in London, England.

For more information, please go to http://www.globetel.net .

Certain statements in this release constitute forward-looking statements or
statements which may be deemed or construed to be forward-looking statements
within the meaning of the Private Placement Act of 1995. The words "forecast",
"project", "intend", "expect", "should", "would", and similar expressions and
all statements, which are not historical facts, are intended to identify
forward-looking statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other factors which could
cause the Company's actual results, performance (finance or operating) or
achievements to differ from future results, performance (financing and
operating) or achievements expressed or implied by such forward-looking
statements. The above are more fully discussed in the Company's SEC filings.


CONTACT: GlobeTel Communications Corp., Pembroke Pines
Leigh A. Coleman, 954-241-0590
investors@globetel.net
http://www.globetel.net

KEYWORD: FLORIDA INTERNATIONAL EUROPE
INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS
TELECOMMUNICATIONS SOFTWARE NETWORKING MARKETING AGREEMENTS
SOURCE: GlobeTel Communications Corp.
Copyright Business Wire 2005

(END) Dow Jones Newswires

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