World Surveillance Group Inc (fka WSGI)

[pszme]

Is this a very naughty telecoms company

Business : Is this a very naughty telecoms company?
by richard perry on 10-Jan-06 8:30pm
I do not have shares in this company.

I have been watching Globetel (Sanswire) for some many months, mainly because of their technology with high-altitude airships and their promise of using them to build mobile networks.

On January 6th, The Motley Fool trash them here, after their press release about getting a contract to connect 30 Russian cities with wireless communications.

That was Friday.

Yesterday, the company 'decloaked' by revealing a lot of new stuff.

Their aim is to do VOIP (voice over internet protocol), a bit like Skype, but also actually building stuff rather than running their whole business off the back of other people's IP (internet protocol) networks without their permission.

Anyway, let's cut to the chase. After months of hype, which the people at Motely Fool are clearly fed up with, the press release addition above reveals some interesting stuff. Like their team for instance.


The financial analysis from The Motely Fool last week is pretty clear - they ain't making any money at all, and the airship thing is still at least a year away.

Never mind, they have just signed a $600million deal to give Russia some 'instant' telecoms (27month delivery period).

I digress. Back to the revealing of some of their team -


here


Uli Altvater, President of GlobeTel Wireless worked for over 7 years
with IBM in Germany developing and installing mainframe and
networking products.


Robert Jones, President of a GlobeTel subsidiary, Sanswire Networks,
who is a former NASA Mission Director and decorated Air Force pilot,
has worked with Mr. Altvater for some time to create proprietary
wireless solutions using unprecedented terrestrial wireless systems
which integrate with Sanswire's soon-to-be-delivered near-space
airship (the "Stratellite"), in order to produce what will be widely
acknowledged to be the ultimate wireless delivery system.



Sir Christopher Meyer, Chairman of
GlobeTel's Board of Directors and recent British Ambassador to the
United States, brings more than 30 years of Foreign Service experience
(starting with an initial posting to the former Soviet Union where he
became fluent in Russian). In his senior roles supporting Prime
Ministers Thatcher, Major and Blair - Sir Christopher's presence
clearly reinforced GlobeTel's cross-border expertise and ability to
operate comfortably in the international marketplace.


J.Randolph Dumas recently joined the company as a Director and as
Executive Vice Chairman of the company, after more than two decades of
successful experience working around the world as a senior Managing
Director at Salomon Brothers International Ltd., and within his own
international private equity firm. In fact, Mr. Dumas stepped down
from his position as Managing Partner of Rubikon Partners in order to
devote more time to the achievement of GlobeTel's international
ambitions. (Rubikon Partners is a private investment group founded by
Mr. Dumas, Dr. Henry Kissinger, Thomas "Mack" McLarty III (President
Bill Clinton's first chief of staff)


That is just some of the team, de-cloaked for the first time yesterday.

You need to keep an eye on Globetel - they are perhaps the naughtiest telecoms company around.

They are not targetting the established Western World telecoms, they are looking to hoover up all the rest in one go.

One to watch at last I think.

This is not a pump-and-dump stock recommendation. Just watch this company I say, they are now moving very fast indeed.

If your knowledge is from last week, it is out of date. The links are above to update yourselves.



http://www.ecademy.com/node.php?id=61786