World Surveillance Group Inc (fka WSGI)

[rocky301]

Watney99,


GTEL management announced that revenue in the beginning of the fourth quarter
has been exceeding $900,000 per week. The company expects the traffic to average
$4,000,000 to $5,000,000 per month for the fourth quarter 2004. If the company
is successful in continuing this pattern, fourth quarter revenues will exceed
$12,000,000, meeting expectations as had been announced in the prior month.
Based on this forecast and the historical for the first three quarters of 2004,
GTEL is expecting revenues in excess of $20,000,000 for the year 2004. Based on
a continued revenue rate of $900,000 per week, GTEL management is confident that
2005 revenues can exceed $48,000,000.
http://www.investorshub.com/boards/read_msg.asp?message_id=4275091

Growth of High Volume, Low Margin Carrier-Based Traffic. We ran on average over $1 million a week in carrier traffic during the fourth quarter of 2004. Our carrier business is in full swing and our focus will now turn to making it a very stable and increasing the profit margin. We plan to light up the international gateway in Hong Kong in the first quarter of this year. This will increase our worldwide carrier network capabilities and give us a high-margin based business for our Asian traffic. The carrier business forms and creates the backbone structure for our value added products like Magic Phone and Magic Money.
http://www.globetel.net/about/letter011005.html