update off of sanswire website
Update Regarding Stratellite Production and Timeline
Please be advised that we will provide a public update during the week of March 25 to March 31, 2005 concerning the launch schedule of our Stratellite prototype. Upon approval of FAA flight plans and continued vendor deliveries, we will announce a date range for launch. This date may fluctuate to accommodate for weather or other variables outside of our control.
We fully expect to have completed the airship construction within our previously announced timeline. We are unable to provide an exact date until we get closer to the scheduled launch due to the various factors such as weather, flight plan approvals, and other variables as stated above.
We maintain our commitment to the Stratellite project and anticipate releasing photographs of the completed Stratellite by the end of March, 2005.
GlobeTel Communications Corp.
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.
