World Surveillance Group Inc (fka WSGI)

[SEBASS]

Crashman http://globetel.net/about/letter011005.html

http://globetel.net/about/letters.html

I've done more research on GTE then you have been registered on this forum so please you do your DD and check
what has been realized from Huff's business plan. Read this and then we can talk about DD on GTE and awesome execution of Huff's business plan.

http://globetel.net/about/letter011005.html

To Our Valued Shareholders,

At GlobeTel, our Board of Directors, management and staff feel privileged to have been afforded opportunities for growth and thank you for your confidence and sharing in our efforts and goals.

We have, by public news releases and our web site (www.globetel.net), endeavored to keep you and the general public timely apprised, informed and aware of all significant events.

In December 2003, I described our vision for a 3-year plan. The year 2003 was for corporate restructuring and business reformation. The year 2004, was to develop investor strategies, capital funding, product definition and business development. Finally the year 2005 was revenue growth and building value in the public markets.

I set forth a two-pronged strategy for developing value for GlobeTel:

Growth of High Volume, Low Margin Carrier-Based Traffic. We ran on average over $1 million a week in carrier traffic during the fourth quarter of 2004. Our carrier business is in full swing and our focus will now turn to making it a very stable and increasing the profit margin. We plan to light up the international gateway in Hong Kong in the first quarter of this year. This will increase our worldwide carrier network capabilities and give us a high-margin based business for our Asian traffic. The carrier business forms and creates the backbone structure for our value added products like Magic Phone and Magic Money.
Investments in New High-Margin, Value-Added Competitive Products. These investments are necessary to complement our carrier-based revenue and eventually become the primary business of the Company. Value-added products like Magic Phone and Stored-Value Programs, which includes MasterCard money remittance programs and prepaid calling cards, will combine with the carrier business to create high revenues and high margin-based businesses.
Today, at the beginning of Year Three, we are poised at two important milestones for our Company:

Milestone 1: The Expansion of our Stored-Value Program; and

Milestone 2: Sanswire's Launch of the Stratellite.

Expansion of our Stored-Value Program:
We have invested heavily in developing the infrastructure, business and partnering agreements, products, services and support over this past year to effectuate these initiatives. We have described these products and services and their progress in various press releases.

We will expand our Stored Value programs in Mexico, the Philippines and India, the three largest money remittance markets in the world.

We will begin expansion by adding calling card functionality to millions of debit cards in Mexico in the first half of 2005 and will repeat the process in India and the Philippines.
We will also expand our prepaid calling services into new markets in the second half of 2005.
A full telephony product line will be introduced in the first quarter of 2005 and launched in key markets by June 2005.
Our goal is to have 6 million Stored-Value cards and over 1 million MasterCard money remittance customers worldwide by 2006.
We project that these products and services will provide such revenues and margins that the Company will show profitability by the end of the second quarter of 2005.

We are breaking new ground in these markets with new and innovative approaches and are very cautious about any blue sky forecasting. We are confident of what we believe will be our successes but trust you understand our conservatism as to any projections.

Of course, these are estimates only and based on things currently known and in motion. As we all realize, situations can change locally, internationally and also dramatically. We anticipate revenues to increase through the second, third and fourth quarters as these new launches gain momentum throughout the year. Our focus this year is to make the company profitable while staying focused on building products and services. We will become driven to add higher-margin businesses and bundled services.

We believe our longer term goals of $250 million revenues by the end of 2006 are achievable and realistic, based on solid products and services and the successful implementation of marketing strategies.

None of our projects or revenue goals include our exciting subsidiary, Sanswire Networks, LLC (Sanswire). Sanswire is too explosive and exciting and it would be impossible for us to offer any believable forecast. This brings us to the second milestone.

Sanswire and the Launch of the Stratellite
GlobeTel intends to be the first to reach the Stratosphere with Sanswire's High Altitude Airship - “Stratellite,” overcoming the final barrier that has limited the further growth of the communications industry - “the Last Mile.”

We have scheduled the launch date for the Stratellite prototype for March 25, 2005. Prior to this, on February 21 and 22, we will have the Partners and Technology Summit to be held in Southern California. This conference was rescheduled to allow partners from many interested parties to attend. We have one opportunity to get this right, there is no reason to rush it or to have a meeting that doesn't allow the maximum participation in the Summit.

This venture is difficult for many to understand as well as its impact on the world of communications and how it will affect the value and exposure of GlobeTel. The launch date was chosen to allow closed testing for certain groups that require it and again there is no reason to rush the launch. We are currently ahead of the industry and we believe we are in the unique position to be the first to reach the Stratosphere with a stable airship platform.

In August, I described our Company vision, as our ability, “to enable individuals to communicate at any time, anywhere in the world, to transact and interact personally, financially and in a simple straightforward way that they have not been able to do before and to free individuals from the confinement and inflexibility of technology and to provide them with more freedom, choices and options.”

We have shortened our vision to “Communicate, Interact and Transact - Globally.”

GlobeTel will, in the future, be able to deliver integrated voice, video and data through the development of Internet Protocol (IP) Super Hub infrastructure, the ideal platform for High Performance Rich Content applications.

The present interest in the Stratellite project includes high profile investment individuals and companies, commercial interests and those in the highest levels of government and the military. In addition to a number of requested meetings for presentations, there is also substantial media interest.

We have intentionally not included any revenue projections for the Stratellite project as the potential and possibilities are quite staggering. We also have a lot of work yet to be done on all aspects of the venture itself.

Finally, I would like to expound on another very important and critical component of the growth of our Company, our application to the American Stock Exchange (AMEX). The application to the AMEX has been submitted and it is presently under review.

We have been asked why we are pursuing this direction. There are several key reasons, among others:

Going to the AMEX gives us the ability to attract the attention of money managers and funds that we can't talk to now;
A specialist is assigned to the stock to represent the Company, to provide in-depth information for investors, including projections and company goals;
Many investors and investment firms have guidelines such that they cannot be associated with firms that do not have a certain status.
Our four major areas of business - Carrier Traffic, IP Telephony Products and Services, International Magic Money and Stored Value Cards, and the Sanswire Stratellite, can all be considered companies within themselves, each are viable and though there is some shared overhead, we intend for each to stand on their own and be successful and profitable in their own right. We do not want to be totally dependent upon one single venture or project.

We are excited about our future which we share with you as part of our GlobeTel family and our partners worldwide.

You have my commitment and that of our entire GlobeTel team to do our very best in utilizing our energies, talents and resources to meet our goals and objectives.

Sincerely,
Timothy Huff
CEO
GlobeTel Communications Corp.