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Friday, 12/30/2005 11:20:24 AM

Friday, December 30, 2005 11:20:24 AM

Post# of 44374
Dec 30, 2005 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced
today that the 4.05 million shares declared short on GlobeTel Communications
(AMEX: GTE) have a SqueezeTrigger Price of $2.04 per share. GlobeTel Wireless
has entered into an agreement with LLC Internafta ("Internafta") of Moscow,
Russia, whereby Internafta will pay to GlobeTel Wireless a series of four
construction payments totaling US$600 million for the installation of an array
of proprietary networks to be installed in Russia's 30 largest cities, starting
with Moscow and St. Petersburg. GlobeTel Wireless will both manage the completed
network and will retain an ongoing 50% shareholding in the operations of the
network, allowing the Company to enjoy the significant benefits of the recurring
revenue stream. GlobeTel plans to roll out the network in 3 stages, comprising
10 cities each, over the next 27 months. Short sellers are down approximately
$5.5 million as the stock is currently trading near $3.40. To access
SqueezeTrigger Prices ahead of short squeezes beginning, visit
http://www.buyins.net/squeezetrigger.pdf.

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