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siriuslyricher

05/11/07 6:04 PM

#75060 RE: trunkmonk #75054

I know that have several business opportunities in various divisions pursuant to the recent shareholder update. IMO, they will develop the SkyStat with a partner, yet to be announced, and will have an updated platform for AnyWhereCaller (via the VOIP division) and will exploit other opportunities for that division.

"GlobeTel Wireless will now be focused on sales efforts and the construction of broadband wireless networks in areas currently underserved by phone companies and cable companies which fail to provide adequate broadband internet access whether in the United States or abroad.

. . . Through our continued testing of Sanswire 2A Technology Demonstrator we have identified opportunities for a low to mid-altitude platform based on the Sanswire 2A. The new platform, SkySat, will fill the gap between tethered aerostats currently in use and the Stratellite high altitude airship designed to maintain and altitude of 65,000 feet. The SkySat is being designed to operate at an altitude of 8,000 to 15,000 feet and to maintain the station for up to 10 days.

CEO Peter Khoury continued, . . . "GlobeTel is transforming to better exploit the technologies in which the Company has made significant investments over the past few years. We are aligning these technologies to the potential business opportunities at hand, and seeking patent protection for our innovations. With our renewed focus we look to move as quickly as possible to bring our filings up-to-date and move on these opportunities for our wireless, VoIP and Stratellite divisions."