6/30 Goals...
The specific financial and technology performance targets which have been negotiated with Mr. Huff and his team are as follows:
-- 30 June 2006: Centerline Communications, GlobeTel's IP Carrier Division, will reach $350,000 per month in net operating profit.
-- 30 June 2006: StrateVoIP Division, GlobeTel's IP Phone Division, will reach positive monthly EBITDA and will double net profits every 60 days throughout the remainder of 2006.
-- 30 June 2006: Sanswire Networks, GlobeTel's High Altitude Airship program, will have completed the tethered testing of its Sanswire II technology demonstrator and will have performed an un-tethered free flight test at a significant altitude.
-- 30 September 2006: GlobeTel's Magic Money Program will become EBITDA positive.
-- 30 September 2006: GlobeTel Wireless, GlobeTel's Wireless WiMax Division, will have at least one metropolitan network installed and operational.
-- 31 October 2006: GlobeTel will become EBITDA positive.
-- 31 December 2006: Shareholder value must be materially higher by the end of 2006.