World Surveillance Group Inc (fka WSGI)

[svvsone]

-- GlobeTel Executive Invests Additional $250,000 in Company --
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 14, 2005--GlobeTel Communications
Corp. (AMEX:GTE) today announced that Senior Vice President Mitch Siegel has
made his second investment of $250,000 to purchase GlobeTel preferred shares.
In July 2004 Mr. Siegel committed to purchasing up to $1 million in GlobeTel
preferred shares that are convertible to common shares after two years. With
this latest investment of $250,000, Mr. Siegel has invested $500,000 so far in
the preferred shares.
"We are pleased that Mr. Siegel has continued to invest in the company. The
hard work of all our employees along with our senior management's belief in
GlobeTel and its mission are something that we are very proud of," said GlobeTel
CEO Timothy Huff.
Mr. Siegel added, "I am happy to have the opportunity to continue to make
investments in GlobeTel and its future success. I believe strongly in the
company and the future worth of my investments. I look forward to sharing the
many great things that we are accomplishing with our shareholders at our
upcoming annual meeting."
Mr. Siegel has been with GlobeTel since 1996 and is currently Senior Vice
President in charge of the company's stored value programs. He also serves on
the company's Board of Directors.
GlobeTel will be holding its annual meeting of shareholders on August 11, 2005
in Fort Lauderdale.

About GlobeTel Communications Corp.:

GlobeTel Communications Corp. is a diversified Telecommunications and
Financial Services Company. GlobeTel operates business units in Stored Value
debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP
of Long Distance to major Long Distance re-sellers, VOIP Technology and
development, and high altitude airship research and development. These
self-contained business units were developed to operate independently of each
other. The symbiotic relationship however, provides value to each of the other
business units. This strategy offers GlobeTel financial diversity and risk
mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has historically focused its business
development on markets outside of the United States. Current operations and
business relationships exist in Asia, Europe, South America, Mexico and the
Caribbean.
Additional information concerning other areas and topics of GlobeTel can be
found on our web site at http://www.globetel.net.

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.


CONTACT: GlobeTel Communications Corp., Fort Lauderdale
Maria Vasquez, 954-241-0590
[e-mail]

KEYWORD: FLORIDA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
SOURCE: GlobeTel Communications Corp.
Copyright Business Wire 2005

(END)

Symbols:
US;GTE
14-Jul-2005 19:26:00 GMT
Source PR - Dow Jones - Press Release Wires
Categories:
I/CMT I/TEL I/XDJGI M/NND M/TEC N/BW N/CNW N/PREL R/FL R/NME R/US R/USS
MST/F/MKT MST/I MST/I/CMT MST/I/TEL MST/R/G7 MST/R/NME MST/R/US MST/S/STK
TGT/DJN