MIAMI, Dec. 2, 2003 (PRIMEZONE) -- GlobeTel Communications Corp. (OTCBB:GTEL), today announced that it ranked Number 27th on the 2003 Deloitte's Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America.
"Achieving sustained revenue growth over the past year is a tremendous accomplishment during a difficult period for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. GlobeTel's phenomenal growth puts it in select company.
Timothy Huff, CEO of GlobeTel Communications Corp, went on to say, "We have worked very hard to put the correct pieces together to give GlobeTel a chance to grow. 2003 is a reconstruction year for GlobeTel and we feel that 2004 will be the year to show what sets us apart from other telecom companies in the Telecom marketplace."
About Deloitte
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for six consecutive years.
To view the entire list of the Fast 500 please click on the link provided www.fast500.com. You can read the hyperlink for named Fast 500 Article or for the list of 500 companies that won the award click on Fast 500 List.
To view the shareholders letter detailing the goals for 2004 please click on the link provided http://www.globetel.net/letter.htm
Additional information concerning other areas and topics of GTEL can be found on our web site at 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 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.