GlobeTel Enters Into Letter of Intent to Acquire Altvater GmbH, a Leader in Wireless Solutions in Europe.

FORT LAUDERDALE, Fla. -- GlobeTel Communications Corp. (AMEX:GTE), today announced that it has entered into a Letter Of Intent (LOI) to acquire the assets and operations of Altvater GmbH of Germany (Altvater). Altvater is a wireless communications systems integrator for HotZone systems in Europe, with core operations in Germany. Altvater GmbH has existing sales partner relationships in Europe and North Africa. GlobeTel, through the acquisition of Altvater will form a new division which will be called GlobeTel Wireless.

Mr. Ulrich Altvater, CEO of Altvater GmbH stated: "I am very pleased to expand our association with GlobeTel. This proposed acquisition will certainly enable a much faster deployment of our networks and activities across Europe and elsewhere, globally. We have experienced significant growth over the past few years and being part of the GlobeTel family of companies will propel our growth faster and more efficiently. The wireless broadband industry is at an exciting stage with interest in advanced wireless communication products and services reaching a high point this year. We are clearly at the forefront of this technology."

Leigh Coleman of GlobeTel, added: "This is a transaction that is a valuable key to the further development and growth of our already announced transaction of HotZone Wireless. GlobeTel is planning an aggressive development of our radio technology that we use in our Sanswire Networks, LLC Stratellite(TM) technology. We have found an ideal and qualified partner in Altvater and we look forward to the continued development of business, and the fulfillment of the contracts and services that are provided by Altvater in the marketplace."

Altvater currently supplies wireless hotspots in various areas of Europe with key cities of Kaiserslautern, Erfurt and Ruesselsheim Germany. These cities are the first major locations that are part of a longer-term plan to deploy HZ 4000 series Networks to 140 cities and towns in Germany, where DSL or cable is unavailable.

The proposed acquisition by GlobeTel will accelerate its roll out of its advanced WIMAX and WIFI systems through Europe. Technical and sales support staff is located in Bad Rappenau, Germany

Through GlobeTel's previous acquisition of HotZone Wireless, LLC. HotZone is currently developing WIMAX wireless systems for Sanswire's High Altitude Airship called a Stratellite(TM). This WIMAX system will provide radio technology for the wireless communications that will cover significant geographic areas up to 120,000 square miles. For more information on the Stratellite(TM), go to: http://www.sanswire.com .

The previously announced acquisition of HotZone Wireless, LLC. provides advanced wireless products and services for terrestrial wide area networks covering rural and city areas. Upon deployment of the Stratellite(TM), on a region-by-region and country-by-country basis, the communications technology will deliver high speed voice, data and rich streaming content, as well as other communications possibilities. For more information on HotZone, go to: http://www.hotzonewireless.net .

Timothy M. Huff, CEO of GlobeTel stated: "This acquisition of Altvater is part of our overall growth strategy. We are exceptionally pleased with our growth and synergy of business units and are confident in our continued development. We look forward to the completion of the transaction and to an enhanced relationship with the quality people that make up Altvater and HotZone in Europe."

About Altvater GmbH:

Altvater GmbH is the original creator of HotZone Wireless systems. Altvater is the corporate parent of the previously acquired company called HotZone Wireless LLC. HotZone develops, manufactures, and installs wireless metropolitan systems. The main products are wireless routers and customer premises devices. HotZone networks are operational in several cities in Europe and in the United States.

About Sanswire Networks, LLC:

Sanswire Networks is a wholly owned subsidiary of GlobeTel Communications Corp. whose shares are publicly traded on the American Stock Exchange under the symbol GTE.

A Stratellite (TM) is a high-altitude airship that when in place in the stratosphere (approximately 65,000 feet) will provide a stationary platform for transmitting various types of wireless communications services currently transmitted from cell towers and satellites. It is not a balloon or a blimp, but a high-altitude airship with a rigid structure.

The Stratellite (TM) is similar to a satellite in concept, but is stationed in the stratosphere rather than in orbit. Existing satellites provide easy "download" capabilities, but because of their high altitude are not practical for commercially viable "two-way" high-speed data communication. The Stratellite (TM) will allow subscribers to easily communicate in "both directions" using readily available wireless devices. http://www.sanswire.com

About GlobeTel Communications Corp.:

GlobeTel Communications Corp. is a diversified Telecommunications and Financial Services Company. GlobeTel operates business units in Stored Value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of Long Distance to major Long Distance re-sellers, VOIP Technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.

Operating on a global basis, GlobeTel has, historically focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.

Additional information concerning other areas and topics of GlobeTel can be found on our web site at http://www.globetel.net

Certain statements in this release constitute forward-looking statements or statements that may be deemed or construed to be forward-looking statements within the meaning of the Private Placement 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 which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements. The above are more fully discussed in the Company's SEC filings. GlobeTel and its strategy for launching the Stratellite(TM) may vary as conditions and technology changes. There is the possibility that parts of the process may change or be delayed. While GlobeTel plans for the success of the Airship, there is no guarantee that it will achieve any or all of its objectives. The Letter of Intent with the named parties is subject to a complete due diligence and the agreement of certain contractual documents which are necessary to effect in a transaction like this. There is the distinct possibility that the proposed transaction may not be consummated in the event of misrepresentations by the Sellers, or the Seller's inability to deliver on certain representations and warranties. The transaction has other risks which may affect the outcome of the transaction. Any reference within this release that refers, or implies a forward-looking statement, is herewith incorporated into this Safe Harbor language. The full terms of the asset acquisition will be included in the Company's required filing, at the time when the transaction is complete and the filing is prepared and filed.