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Florida’s GlobalTel acquires TAO airship rights

November 27th, 2007

FT. LAUDERDALE, FL–GlobeTel Communications Corp. (Pink Sheets: GTEM) and TAO Technologies GmbH have agreed Tao will convey to GlobeTel licenses and sales rights to its lighter-than-air, remotely operated airships for a combination of cash and GlobeTel shares.

This first completion phase provides the Company with an exclusive license to market and sell low, medium, and high altitude platforms and other products conceived by TAO to interested commercial, governmental and military clients in the United States, Canada, Mexico and Chile.

GlobalTel develops and provides an integrated suite of terrestrial and aerospace telecommunications products and services, leveraging its advances in VoIP and Wireless Access technologies.

It works with Sanswire Networks, which is focused on the construction of airship platforms capable of carrying payloads that transmit various types of wireless communications and security solutions.

 

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