FT. LAUDERDALE, Fla., March 22, 2007 (PRIME NEWSWIRE) -- GlobeTel Communications Corp. (Pink Sheets:GTEM) today announced that Michael A. DeCarlo, Jr. has resigned as interim chief financial officer. The Company has not yet named a replacement.
Peter Khoury, GlobeTel CEO, stated, "Mr. DeCarlo came in to our company at a time of great need on what was to be a short term basis. He has expressed his continued support for the company for which we give him thanks. While Mr. DeCarlo will no longer be acting as our CFO we look forward to his continuing assistance on other matters."
About GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of telecommunications products and services, leveraging its advances in VOIP and Wireless Access technologies. Individually, each of GlobeTel's business units function as distinct, strong stand-alone entities; together they form a powerful alliance of human talent and technological innovation resulting in the SuperHub(tm) worldwide VoIP network, Sanswire Stratellite(tm) platform and products enabling simpler, cheaper transmission of voice and data. GlobeTel has historically focused its business development on markets outside of the United States. For more information, please visit: www.globetel.net.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including an ongoing formal investigation by the U.S. Securities & Exchange Commission and delayed filings of quarterly results, any of which could cause the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.