FORT LAUDERDALE, Fla., May 14, 2008 (PRIME NEWSWIRE) -- GlobeTel Communications Corp. (Pink Sheets:GTEM) today announced that it has retained Maranda Fritz and Hinshaw & Culbertson LLP to act as its counsel to defend the company against allegations in the recently filed lawsuit by the Securities and Exchange Commission.
Ms. Fritz was, for six years, senior investigative counsel in the Fraud Bureau of the New York County District Attorney's Office, where she was responsible for all facets of investigation and prosecution of complex criminal cases. From 1992 to 2006, Ms. Fritz was an adjunct professor at Benjamin N. Cardozo School of Law in New York, where she taught "Prosecution of Complex White Collar Criminal Cases."
She joined Hinshaw & Culbertson LLP in 2005, having been in private practice since 1993.
About Sanswire Networks and GlobeTel Communications Corp.
GlobeTel Communications Corp. develops and provides an integrated suite of aerospace communications products and services, leveraging its relationships with leaders in UAV (Unmanned Aerial Vehicle) technologies. Sanswire Networks is focused on the design and construction of various aerial vehicles, capable of carrying payloads that provide persistent surveillance and security solutions at various altitudes.
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 a lawsuit filed 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. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.