FORT LAUDERDALE, Fla., March 26, 2007 (PRIME NEWSWIRE) -- GlobeTel Communications Corp. (Pink Sheets:GTEM) today confirmed the completion of production of the first set of 70 HotZone radios to be used for the expansion of its previously announced wifi broadband network in Pachuca, Hidalgo, Mexico.
The Pachuca network was originally constructed in a zone within the city in September 2006 as a pilot network to prove GlobeTel's proprietary HotZone technology to its contemplated joint venture partner. After successful ongoing operation, GlobeTel's partner accepted the network and agreed to structure a joint venture to deliver the HotZone technology to multiple markets within Mexico. The impending radio shipment is earmarked for the expansion of the original Pachuca network.
"The process for consummating the joint venture is moving along at a rate with which both partners are comfortable," stated Peter Khoury, Chief Executive Officer. "We are pleased that the equipment is ready to go, in contemplation of the imminent commercialization of Pachuca."
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, 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.