MIAMI, Dec. 1, 2003 (PRIMEZONE) -- GlobeTel Communications Corp. (OTCBB:GTEL) today announced the launch of its European operations.
GlobeTel is establishing European operations with the opening of its UK and German offices. Full operation is expected during the first quarter 2004. These offices will launch the Money Magic products, our new IP Telecommunications Box and carrier network traffic to begin in January 2004.
The launch of the Magic Money Card and the new IP Box will commence with the opening of the UK and German offices. The state of the art IP Box will allow users to make an IP phone call from anywhere in the world to anywhere in the world via the GlobeTel network. No software programming, expensive equipment or expensive phones are required. All that is needed is an Internet connection. A user simply needs to plug the IP Box in, connect a common household phone and then start dialing. This product opens up the GlobeTel network to everyone in the world that has Internet access and a telephone. More information will be provided on our web site in December concerning this product.
Timothy Huff, CEO, has released a new shareholders letter updating the company's three year plan and future revenue projects and goals for the company in the upcoming year. Click on the shareholders letter hyperlink to take you to the GlobeTel website to read the shareholders December Letter: http://www.globetel.net/letter.htm