ESLT Elbit Systems Ltd

BENE BERAQ, Israel and FORT LAUDERDALE, July 25 /PRNewswire-FirstCall/ -- GlobeTel Communications Corp. (Pink Sheets: GTEM), through its specialized airship platform subsidiary Sanswire Networks, and Elisra Electronic Systems Ltd., one of the world's leading providers of superior, battlefield proven solutions with almost a half-century of experience, today announced that they have agreed to establish working teams with a view to identify domestic US and international defense, law enforcement, emergency and Homeland Security business channels and applications under a teaming agreement. The teaming agreement calls for the integration of Sanswire's low and medium altitude SkySat(TM) airships and high altitude Stratellite(TM) airships with relevant Elisra's Electronic systems and applications. Peter Khoury, Chief Executive Officer of GlobeTel, stated, "Entering into the Elisra relationship crystallizes a key GlobeTel strategy of building military efficacy by integrating our unique platforms with a world class ISR solutions provider. Our low/mid altitude airships, Stratellite(TM) platforms and our wireless communications systems can be instruments for positive change regarding issues such as homeland security, infrastructure protection and border control. We look forward to working with Elisra, one of the world's foremost advanced system solutions developers, and to the continued growth of our Company." Sanswire Networks President Lt. Colonel Douglas Murch (USA/Ret.) stated, "We at Sanswire consider the opportunity to work with Elisra a testament to our commitment to quality, operational efficiency and excellence, and a high- level recognition of the benefits our proprietary integrated platforms can bring to world-level security solutions." About Elisra The Elisra Group comprises Elisra Electronic Systems Ltd., Tadiran Electronic Systems Ltd. and Tadiran Spectralink Ltd. The Group designs, develops, manufactures, integrates and supports advanced system solutions for air, sea and land deployed in over 40 countries. Major Products: New Generation, Integrated Self-Protection Suites including Multi Spectral EW Payloads with Radar Warning Receivers, Laser Warning System, Passive IR Missile Warning System, Jammers Chaff and Flare Dispensing System for Fighters, Helicopters, Transport Aircraft and MPA. SIGINT Systems, COMINT DF/ ELINT/COMJAM: ISTAR, Airborne, Shipborne, Ground and Aerostat applications. Full C4I Solutions -- all Battlefield Command Chains, Battlefield Management and Control including Artillery C4I Systems, Theater Missile Defense including Test Bed, Advanced Search and Rescue Systems, and Data Links for UAVs & Guided Munitions. The Elisra Group is a 70% subsidiary of Elbit Systems Ltd. (NASDAQ:ESLT) About GlobeTel Communications Corp. and Sanswire Networks GlobeTel Communications Corp. develops and provides an integrated suite of terrestrial and aerospace telecommunications products and services, leveraging its advances in VoIP and Wireless Access technologies. Sanswire Networks is focused on the construction of the Stratellite(TM) and SkySat(TM) airship platforms, capable of carrying payloads that transmit various types of wireless communications and security solutions. For more information, please visit the GlobeTel websites: http://www.globetel.net, http://www.sanswire.com and http://www.globetelwireless.com . 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 an ongoing formal investigation 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. DATASOURCE: GlobeTel Communications Corp. CONTACT: Robert Bleckman of GlobeTel Communications Corp., +1-713-521-2147 Web site: http://www.globetel.net/ http://www.sanswire.com/ http://www.globetelwireless.com/

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