Replies to post #39583 on World Surveillance Group Inc (fka WSGI)

[msturgeo]

Three year plan began in 2003 or as early as 2002, based on the original letter to shareholders. Year one was finished by August 2003, Year 2 would have been 2004, Year 3 would have 2005, we are now celebrating the anniversary of Year 4, and beginning Year 5.

Its funny to read all these old letters, when Mr. Huff promises us things - like this :

Another exciting venture for GTEL is the Magic Money Card, which allows credit/debit card transactions and prepaid calling. Since our announcement that the technology has finished the testing process and the product/service is ready for release, we have been literally bombarded with companies desiring access to the platform. Over the next 30 days, we will be announcing the agreements and contracts with companies and partners in Mexico, Poland, Australia, China and Brazil. With the money remittance feature and the prepaid calling combined into one card, this offers the ability and potential to dwarf our previous projections for a predominately telecom related business. The Magic Money Card is to be distributed in the United States beginning October 1, 2003.


Anyway here is the link if you want to look at the origins of "the three year plan" - which was not a new concept at the time of this letter, but known to longs who were involved in the old GTEL FAQ (remember that longs?)

link:
http://www.globetel.net/about/letter082103.html

[SAMdashada]

Rocky, can you help please? . . .

From his post nerd apparently believes that Huff's famed "3 YEAR PLAN" only started in 2004. In your accumulated information vault do you have a starting date for Huff with this company and possibly when he first spoke of his "plan". I believe he came to this company as a communications expert already expressing the plans of his plan.

Thanks . . .

[SAMdashada]

nerd, say what you will,

point out post numbers as you want, it makes no difference. msturgeo was correct and you were not. You said to sturg: "It seems the three years began in 2004." That was wrong. Huffy's own words say that his wonderous "3 YEAR PLAN" covered 2003, 2004 and 2005.

I guess we should all pay homage to Huffy for his follow through on his 2005 plan where he said: and building value in the public markets. Our problem was that he never informed us that after December 2005 he planned to drop our share value, i.e., value in the public markets off a cliff.

January 10, 2005 Letter to Shareholders

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: