HOUSTON--(BUSINESS WIRE)--Nov. 10, 2005--GlobalNet Corporation (Pink Sheets:GLBT) has retained OTC Financial Network, a division of National Financial Communications Corp., for a comprehensive investor relations campaign.
"We are pleased to have OTC Financial Network working with our team to increase investment community awareness of our VoIP services offering and broaden market interest in our on-going restructuring plan," said Mark T. Wood, Chairman and CEO of GlobalNet.
OTC Financial Network President Geoffrey Eiten added, "We see investment opportunity in GlobalNet due to current turnaround initiatives and seek to communicate the company's story to retail and institutional investors through an outreach campaign."
Since 1992, OTC Financial Network has provided consulting services and customized, proactive investor relations campaigns to more than 500 small/micro-cap public companies. OTC Financial Network designs and implements results-driven direct mail, electronic marketing, shareholder communications and other programs to increase market awareness on behalf of its clients. A partnership with OTC Financial Network can improve a company's shareholder communications channel, facilitate capital formation opportunities, create an expanding and diversified base of institutional and retail shareholders and garner financial media coverage. OTC Financial Network is a division of National Financial Communications Corp. based in Needham, Mass. For more information visit http://www.otcfn.com and http://www.nationalfc.com.
Disclaimer: OTC Financial Network serves as a special advisor to the featured company and has received fees for services, including a monthly fee of three thousand five hundred dollars paid in cash. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Additional compensation information and a full disclaimer can be found online by visiting http://www.otcfn.com/glbt and selecting the "Disclaimer" link.
About GlobalNet Corporation
GlobalNet Corporation, a Voice over Internet Protocol (VoIP) services company, provides outbound telecommunications traffic to Latin America and counts among its customers both Tier 1 and Tier 2 carriers. GlobalNet provides international voice and enhanced services on a wholesale basis over a privately managed IP network to international carriers and other communication service providers in the U.S. and internationally. GlobalNet's state-of-the-art IP network, utilizing the convergence of voice and data networking, offers customers economical pricing, global reach and an intelligent platform that guarantees fast delivery of value-added services and applications. More information may be obtained from our website at www.gbne.net.
Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price, volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.
