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http://findarticles.com/p/articles/mi_m0EIN/is_2003_Sept_22/ai_108002054

GTEL Announces Strategic Investment in its New Partner Advantage Telecommunications

Business Editors/High-Tech Writers

MIAMI--(BUSINESS WIRE)--Sept. 22, 2003

GlobeTel Communications Corp. (OTCBB:GTEL), today announced a strategic partnership and investment in Advantage Telecommunications Limited (AdvanTel) (ATC.AX) that creates a new force in global telecommunications.

AdvanTel and GTEL are successful international telecommunications companies with complementary businesses. Under the terms of the deal GTEL will provide initial funding to AdvanTel of US $1.2m. GTEL has appointed 3 of 5 Board seats of AdvanTel and Mark Steward, CEO of AdvanTel, will join the GTEL Board of Directors.

AdvanTel has expanded its global operations from the United Kingdom, Hong Kong and China to include Germany, Macau, Vietnam, Sri Lanka, Bangladesh, Mauritius, Cambodia, Indonesia, Pakistan and Taiwan. The AdvanTel network has been built over a four-year period and has an estimated replacement value of US $30m.

GTEL has an existing network that covers the USA, Mexico, Malaysia, Australia, Brazil, Venezuela and the Caribbean. With access to the AdvanTel network, GTEL expects to substantially increase its revenues on carrier based services, allowing a faster penetration of GTEL's value-added products and services.

AdvanTel has exclusive contracts in the Asian Telecom markets that call for the prepaid technology of GTEL. These contracts represent significant opportunities for large-scale deployment of the prepaid Money Magic calling card of GTEL. See press release http://biz.yahoo.com/bw/030716/165294_1.html.

AdvanTel's revenue ramped 500% US $2m 2001/2002 to US $10m in 2002/2003, as it deployed and completed its global network. Over the same period AdvanTel has expanded to carry over 100 million minutes of international telephone calls in the last 6 months while expanding its customer base to serve over 140 telecommunications carriers including China Telecom, China Unicom, China Netcom, Malaysia Telecom, Hutchison Telecom, and KDDI.

Mark J. Stewart, Chief Executive Officer, stated, "The GTEL deal is great news for the ATC shareholders. AdvanTel gains access to new markets, investment from a credible US listed partner whilst there is synergy value with new revenues streams for AdvanTel in the carriage of GTEL international voice traffic."

Timothy Huff, Chief Executive Officer, GTEL said, "The AdvanTel deal gives GTEL the global platform on which to drive its business model based on IP related products and services. It has afforded GTEL time to market advantages and access to the valuable Asian and Chinese markets. The combination of the AdvanTel and GTEL networks gives GTEL a World-Class network that literally wraps the World with access in 6 of the 7 continents of the World. We look forward to developing and strengthening the relationship over the coming months."

About Advantage Telecommunications Limited (AdvanTel, ASX:ATC)

AdvanTel's corporate office is based in London, England, whilst the company is an Australian listed company trading on the Australian Stock Exchange (ASX). AdvanTel is a Eurasian telecom operator with a China Gateway proposition and operations in United Kingdom, Germany, China, Hong Kong, and nine other Asian countries.

AdvanTel provides high quality international voice telecommunications services to a number of markets in China, Asia, Europe and the USA and has a strong tier 1 customer base of over 140 carrier customers worldwide. AdvanTel owns and operates its international switching network in each market and has carried over 100 million minutes of voice traffic in this year alone.

For further information please contact: mailto:[e-mail]

See website: http://www.advantel.com.au

About GlobeTel

GlobeTel Communications Corp. is a profitable, rapidly growing, publicly traded company (OTCBB:GTEL) that provides advanced value-added telephony and non-telephony services using Internet Protocol ("IP") technology. To deliver its services the GTEL maintains a facilities-based carrier-class, international telecommunications network and is licensed under Section 214 by the Federal Communications Commission ("FCC"). GTEL focuses on deregulated, rapidly growing emerging markets, initially concentrating on Latin America and Asia.

GTEL currently has operations in the United States, Mexico, Brazil, Venezuela, Australia, and Malaysia. GTEL's year 2003 expansion plans include establishing operations in the additional Spanish-speaking countries of Argentina, Colombia, Chile, Uruguay, Peru, Bolivia, Ecuador, Paraguay, and Spain. The development of markets interconnected with the United States and with neighboring countries allows GTEL to make a small capital investment, serve the highest inter-related calling markets in each region, and offer ethnic-specific products and services.

For more information on our new Board member, Mark Stewart, see our website under the Management section of the news tabs. This is a direct link http://www.globetel.net/mjstewart.htm

See website: www.globetel.net .

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