World Surveillance Group Inc (fka WSGI)

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GlobeTel Communications Announces Alliance with Major Indian Financial Processor and ATM/POS Provider to Market Stored Value Cards and Payment Solutions in India
Pembroke Pines, Fla. November 9, 2005-- GlobeTel Communications Corp. (AMEX: GTE) today announced that it has signed an agreement with Financial Software & Systems (P) Ltd (FSS) based in Chennai, India. The purpose of the agreement is to establish a commercial relationship between GlobeTel and FSS that will enable the parties to work together to market stored value and money remittance programs, targeting tens of millions of existing banking customers in the $12 billion Indian remittance market.

Electronic Funds Transfer (EFT) solutions and outsourced services of FSS power the majority of ATMs and Point-of-Sale (POS) terminals in India, controlling most of the Electronic Funds Transfers in the country. FSS plans to double its ATM and POS deployment in the next three years. FSS through FSSNeT provides third-party processing as an outsourced application services for many of the largest banks in India.

Abu Karim, President of GlobeTel Australia/NZ & Asia Pacific, said: "We are honored to partner with FSS. FSS is the largest and fastest growing Electronic Funds Transfer (EFT) processor in India. This strategic alliance and distribution partner provides us a strong presence in the rapidly growing Indian market and expands the global footprint for our stored value card product. We look forward to developing a strong market presence by offering customers multiple delivery channels to access remittances and stored value products across India."

Nagaraj Mylandla, Managing Director of FSS, stated, "We are delighted to have GlobeTel as our business partner and are confident that this partnership will provide significant advantages to both organizations."

Rudhraapathy Jagannathan, Director of FSS stated: "We are extremely pleased to partner with GlobeTel in the delivery of stored value cards and payment solutions to our customers. We plan to launch a solution that combines FSS's distribution channels and financial transaction capabilities with GlobeTel's advanced stored value card technology platform. We believe that GlobeTel's product is superior in design and that it will be of significant benefit to our customers."

Timothy Huff, CEO of GlobeTel, stated: "FSS exemplifies the quality of key strategic partners that we seek for our international stored value business. We will work with FSS to develop a strategy to overlay their market with our stored value card, to include Fund Transfer, Money Remittance, and other valuable attributes of our technology platforms in this part of the world.

Huff concluded, "The strategic partnership with FSS will help us to expand support programs that offer unique value to the consumer, increasing acceptance of our products worldwide as we continue to grow our international presence."

FSS's partnership with GlobeTel Communications Corp. will bring cutting edge technology solutions to banks and financial institutions in India and across the globe. FSS is leveraging its extensive domain knowledge in payment processing and transaction switching across various touch points with highly skilled software development and implementation resources, world-class IT infrastructure, and global partnerships.

The FSS partnership with GlobeTel, a leader in Stored Value Products and fund remittances, is yet another opportunity to bring to the Indian banking industry technology that is world class and proven. The FSS / GlobeTel partnership is a new beginning towards this direction.

About FSS

FSS has spearheaded the ePayments industry in India. The company, headquartered in Chennai, India has established itself as a market-leader and is a provider of software and services for payments processing in India and overseas. With a substantial client base of over 30 premium banks, FSS is rapidly expanding its footprint to offer products and services to customers worldwide.

FSS provides online, real time, electronic transaction processing and switching for financial and non-financial transactions across multiple delivery channels and payment systems and co-networks including ATMs, POS - Point of Sale machines, ATM /POS deployment and management, ATM sharing between banks, mobile TopUp and Electronic bill payment, connectivity with domestic and international interchanges like MasterCard and, VISA, FSSNeT a division of FSS is the application service provider to major banks and financial institutions in India.

For more information on FSS visit http://www.fss.co.in

About GlobeTel Communications Corporation:

GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services company. GlobeTel operates business units in stored value debit cards, as a certified financial transactions processor; the sale of carrier-grade VOIP of long distance to major long-distance re-sellers, VOIP technology, wireless radio 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.

For more information, please go to: 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 Securities Litigation Reform 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 agreement with FSS does not provide for guaranteed revenue to GlobeTel. Therefore, while GlobeTel believes that the agreement is of significant value, there are no guarantees that said revenue will materialize. Sanswire Networks and the launch of the Company's high altitude airship are subject to various risk factors and investors should construe any such investment as speculative. The above are more fully discussed in the Company's SEC filings.

Contact: Todd Fromer / Michael Cimini
KCSA Worldwide
[phone]
[e-mail] / [e-mail]


Source: GlobeTel Communications Corp.