World Surveillance Group Inc (fka WSGI)

[lowtrade]

GTEL 10q Q3
This domestic venture combined with GI's current international processing capabilities, will support on its own network all the Magic Money and other private label GTEL stored value card programs around the world, as well as other third party cards. Both parties are contributing equally to the installation and operation of the Miami switch. The switch is expected to be certified to process MasterCard, Visa, Cirrus, and other independent ATM network transactions. Operations are expected to begin before the end of the year.

MIAMI, Aug 19, 2004 (BUSINESS WIRE)

GI will shift much of its current processing to the Miami switch with the Venezuela switch serving certain international requirements for each program and as well as redundancy for the GTEL network.
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These sections tell me GI has a certified switch and network in Venezuela and will process transactions on its own network until the Miami switch is certified and opperational, at which time processing will shift to Miami and Then Both parties are contributing equally to the installation and operation of the Miami switch.
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OLD NEWS Yes never produed rev's! Make of this info as you care, I have no idea if any of this is still valid!

GlobeTel Communications Corp. Announces the Launch of MasterCard Services
July 16, 2003
GlobeTel Communications Corp. announced that it is set to launch worldwide new products and customer services through its new Magic Money Card. GTEL, with its partner Grupo Ingedigit, through its subsidiary in the U.S., AmericasCom International, Inc., has begun the program to start distribution of its Magic Money Card, a prepaid calling card and MasterCard and Maestro Debit/Credit Card all rolled into one with a host of additional stored value services.
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Posted by: cabvineyard
In reply to: None Date:8/19/2004 11:16:32 AM
Post #of 8539

some additional info on our new partner...

Americas.com, Corp. (the "Company") is a Delaware corporation and a wholly owned subsidiary of AmericasCom International, Inc., a Florida corporation. The Company is a facilities-based international telecommunications carrier founded in 1999, to develop and operate an Internet Protocol ("IP") network to and within Central and South America. The business represents the culmination of years of development work by a team of experienced telecom executives in partnership with its principal shareholder, Grupo Ingedigit, C.A. ("Grupo") (www.ingedigit.com). Headquartered in Caracas, Venezuela, Grupo is the leading systems integrators and builder of zero tolerance and secure networks in the region.

The Company has commenced the build-out of its IP network by implementing a strategy of joint ventures and partnerships with licensed carriers as well as obtaining its own licenses in target markets. Management believes that this strategy provides long-term viability, an early to market advantages, which can materially reduce investment, and operating costs.