World Surveillance Group Inc (fka WSGI)

[lowtrade]

Starboy, actually trying to get back to basics. The core business, a subject rarely discussed here lately! Got you looking into it didn't I . Trying to get focus off how many rivets go into the frame of the strat, back to what will create value to GTE shareholders.

JUST my opinion!

Here's the e-mail.

Mr Huff, could you give us an up date on the progress with the core businesses? I've been a shareholder since 2003 and am a long time shareholder because of your core business plan. But with all your attention with Sanswire, we core business investors seem to be completely left out of the PR channel.

I am very happy for you, reaching business goals to date. But would expect when the core business is what drives the present company value, you could keep shareholder up dated, about partnership results, rev's, profit goals and margin goals attainment, for the core businesses.

In 2004 we read PR after PR about new partnerships for the money card, store value card and money remittance programs around the world. Sense then, ZERO info as to the progress, except one very small part in the SEC filing about $9k & $ 64k rev's. I hope you realize it's been a year of limbo !! A letter to the shareholders about the core business progress would be "NICE". Thank you.

I personally am very interested in the money transfer fees generated by the Grupo Ingedigit relationship below and the progress of transactions being processed by the existing switch in Venezuela and the new switch to be installed in Miami.

Still waiting for an up date on the HONG KONG gateway & switch installation also, due first Q of 2005. Love the potential years from now, for Sanswire and how it will add to the companies bottom line, when it happens 2006 & 2007. But I'm invested in GTE today! What's happened to warrant continued investment in GTE today??

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Miami, FL, January 30, 2003 (The Digest) - GlobeTel Communications Corp. (OTCBB:GTEL), today announced significant new customer services for its prepaid calling cards. Grupo Ingedigit, the parent company of AmericasCom International, Inc., GTEL's Venezuelan network provider, has entered into a joint venture agreement for distribution of the Grupo Ingedigit Mastercard, Cirrus and Maestro Debit Card program.

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MIAMI--(BUSINESS WIRE)--Aug. 19, 2004--GlobeTel Communications Corp. (OTCBB: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. The venture will be managed by GTEL operating from its facilities in Miami, Florida and will mirror GI's successful operations in Venezuela.


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.

Both parties are contributing equally to the venture. Upon its completion, the Miami switch is expected to be certified to process MasterCard, Visa, Cirrus and other independent ATM transaction networks. Operations are expected to begin before the end of the year. GI's 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.

GTEL and GI will contribute their current and future business opportunities and customers for processing at the new Miami switch. GI will bring the processing of existing and new programs in Latin America, as well as other new and exciting opportunities in the U.S. and elsewhere. GTEL will bring all the Magic Money Card projects underway in the U.S. and throughout Mexico, Latin America, the Philippines and Australia. The Magic Money Cards are directed at the large immigrant communities that live and work in the U.S. to primarily call and send money home.