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| Member | GlobalNet Corporation's New Turn-Key VoIP Solution for ISPs Receives ``Best in Show'' Award at Major VoIP Conference Tuesday March 8, 9:01 am ET iDial-IP Singled Out for Innovation and Quality at Record-Setting VoIP Event THE WOODLANDS, Texas--(BUSINESS WIRE)--March 8, 2005-- GlobalNet Corporation (OTCBB:GLBT - News; www.gbne.net), a major provider of international telecommunications services, today announced that its iDial-IP Turn-Key VoIP Solution, specifically designed to allow internet service providers (ISPs) and major telecom business customers to enter the dynamic field of voice-over-internet-protocol (VoIP), has been named a winner of a "Best of Show Award" at Technology Marketing Corporation (TMC)'s Internet Telephony Conference and Expo Miami 2005. TMC reports that the conference, attended by over 6,200 people last month at the Hyatt Regency in Miami, was the best-attended VoIP conference ever held. "The launch of iDial-IP--the most flexible private label consumer VoIP platform designed and built specifically for service providers--was an unqualified success for GlobalNet," commented Mark T. Wood, Chairman and Chief Executive Officer of the Company. "Our product was designed from the ground up to provide ISPs and major telecom business customers everything they require to become leaders in VoIP technology without the investment in product development and telecom equipment inherent in building out a carrier-class VoIP Platform. We've done the work for them. When coupled with GlobalNet's existing wholesale telephony network, it's an unparalleled turn-key solution." GlobalNet's iDial-IP platform is completely customizable to fit the needs of specific local markets, including custom calling plans by country or region and custom rate management for profitability control. It has a full set of the features most attractive to the end users in making the switch from traditional telephony to VoIP, including follow-me service, web based voicemail and real-time accounting. The new platform's marketing website is www.idialip.com. "GlobalNet Corporation and their innovative iDial-IP platform are a standout indication of why so many enterprise buyers, developers, resellers and service providers flock to Internet Telephony Conference & Expo," said TMC President and Conference Chairman, Rich Tehrani. "Their innovation and commitment to quality attract serious prospects to their booth. Attendees know they'll find solutions in the GlobalNet's booth that can help them in their businesses today." The Best of Show awards were presented to companies unveiling the most impressive new products or new releases at the 2005 Internet Telephony Expo. Each winner submitted a thorough application and displayed and demonstrated their product on show floor. A full list of the winners will appear in the April 2005 issue of Internet Telephony® magazine. About GlobalNet Corporation |
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| Member | glbt Q getting MCI bid?? Does this help?? MCI: Qwest's $9.9 Billion Bid Superior Sat Apr 23, 4:27 PM ET Business - Reuters By Jessica Hall PHILADELPHIA (Reuters) - MCI Inc. (Nasdaq:MCIP - news) declared a $9.9 billion takeover bid from Qwest Communications International Inc. (NYSE:Q - news) superior on Saturday to its $7.8 billion merger agreement with Verizon Communications Inc. (NYSE:VZ - news), a significant twist in the 3-month-old battle for the No. 2 U.S. long-distance company. Related Quotes Q VZ MCIP 3.55 34.06 26.69 -0.06 -0.20 +0.19 Delayed Data Providers - Disclaimer MCI had rebuffed Qwest three times in favor of lower offers from Verizon, saying its original partner offered greater financial stability and better growth opportunities for products and services. Verizon, the largest U.S. telephone company, said it would weigh its options. It reiterated that it believed its proposal offered better short- and long-term value for MCI's shareholders, customers and employees, saying it could stabilize the long-distance firm's finances and protect the integrity of its business and services. Ashburn, Virginia-based MCI did not detail the reasons for changing its recommendation. Some of MCI's large institutional investors have spoken out recently against the lower Verizon bid and urged MCI to negotiate a richer deal with Qwest. Verizon and Qwest have been battling to acquire MCI to gain its presence in the lucrative market for providing telephone and data services to large corporations. Qwest, the No. 4 U.S. local telephone company, said it was "gratified" MCI selected its bid and believed the combination would "deliver long-term value for investors, robust competition and better services for customers." Sources familiar with the situation said Verizon did not try to counter Qwest's higher offer, but would gauge shareholder reaction over the next few days and weeks before deciding its next more. New York-based Verizon has five business days to respond with a revised proposal. It has other options as well. Verizon could require MCI's shareholders to vote on the existing $7.8 billion agreement, or walk away from the deal and collect a $240 million breakup fee from MCI. MCI could also change its mind. Under Qwest's irrevocable offer, MCI's board has until May 3 to change its recommendation back to the Verizon pact. MCI cannot formally sign an agreement with Qwest unless its contract with Verizon is terminated. PERSISTENCE Previously, MCI said it feared combining with smaller rival Qwest, which has a market capitalization of $7 billion versus Verizon's $100 billion, would spook customers and erode its financial health. Verizon also has a wide array of businesses, including its Verizon Wireless joint venture, the No. 2 U.S. wireless telephone company. In its persistence to wrest MCI away from Verizon, Qwest had altered many aspects of its earlier offers. Qwest raised its bid by another 9 percent, increased the cash portion of the offer and gathered $1 billion in extra funding in an effort to prove its ability to finance the deal. Denver-based Qwest said it expected MCI "to build upon its declaration of superiority with specific acts of support, including expeditiously seeking regulatory approvals of a transaction that it considers superior and in the best interests of its shareowners." Under Qwest's offer, MCI shareholders would get $30.40 per share in cash and stock. Verizon had offered most MCI shareholders $23.50 a share in cash and stock, but recently struck a deal to pay a higher premium to MCI's largest shareholder, Mexican tycoon Carlos Slim, for his 13.4 percent stake. The prices reflect dividend payments that have already been paid to MCI shareholders. That difference had sparked ire among some MCI shareholders who said all investors should receive the same amount. |
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| Member | glbte Uptrend signals lost on the 7 & 14-day DMIs, as the ADXs turned to fall; 1-day negative crossing Thursday shown on the 7-day DMI...positive crossing regained there Friday: http://stockcharts.com/def/servlet/SC.web?c=GLBTE,uu[h,a]daolyyay[pb50!b200][vc60][iUl14!Ll7]&pref=G |
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