World Surveillance Group Inc (fka WSGI)

[lowtrade]

Rocky

Miss understood my question.
In reading GTEL's deal with GI it states Gtel will recieve revs from transactions of store value transactions and third party transactions.

MIAMI, Aug 19, 2004 (BUSINESS WIRE) -- GlobeTel Communications Corp. (GTEL) announced today that it has reached an agreement with Grupo Ingedigit C.A. ("GI") to establish a new business to profit from providing U.S. and worldwide financial transaction processing services. With this new venture, GTEL is expanding its capabilities to profit from the electronic processing of financial transactions. Traditionally, these processing services would be provided by third parties at a cost to GTEL. GTEL will now earn fees from its customers' use of their GTEL stored value Magic Money debit and prepaid credit cards for financial transactions, bundled telecom and overseas money remittance services, and, under this new agreement, GTEL will also profit from the processing of these transactions as well as processing transactions on behalf of third party debit and credit card issuers.
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I'm questioning if you feel our deal with GlobeTel G cash could (not has) produce third party transaction processing for any of the $2.5 Million in revs reported in the artical I posted earlyer?

IS G cash using Gtels integrated payment system for 3rd party transactions with GI?


PEMBROKE PINES, Fla.--(BUSINESS WIRE)--Oct. 18, 2004-- GlobeTel Communications Corp. today announced that a Memorandum of Agreement (MOA) with Philippine mobile giant Globe Telecom (Globe) has been signed to jointly develop an integrated payment system which will combine GTEL's stored value card payment processing capabilities with Globe's SMS applications technology.