NEWS RELEASE
December 20, 2000
For Immediate Distribution
Global eTelecom Announces Four New Additions to its Management Staff
DESTIN, FL - Global eTelecom, Inc., the national leader in Electronic Payment Processing announced four new additions to its management staff predicated by its continued rapid growth in the exploding electronic payment industry. The new management members will assume their new duties starting January 1, 2001.
"I am very pleased with how our organization is growing and our internal staff's performance relating to servicing and managing our current growth, which is enabling our company to continue to build and expand for the future," states John H. Beebe, Chairman and Chief Executive Officer of Global eTelecom. "While we are always looking outside of our organization for additional management, I am very proud that all of our promotions today are "home grown" talent, people who have earned their way up in our organization with dedication and hard work."
The additions to management are as follows: Mike King has been promoted to Associate Vice President of ISO Relations, Mr. King was formerly Director of ISO Relations; Noble Wyninegar has been promoted to Associate Vice President of Risk Management, Mr. Wyninegar was formerly Director of Risk Management and Head of Underwriting; Anne Rose has been promoted to Associate Vice President of Customer Relations, Ms. Rose was formerly Director of Customer Relations; and Christine Cavinder has been promoted to Associate Vice President -Financial Administration, Ms. Cavinder was formerly Department Manager of Financial Administration.
"Our rapid pace of growth made these changes necessary to continue to allow us to provide the same excellent level of service to our customers and partners," adds Michael R. Varley, Chief Operating Officer of Global eTelecom. "I too am very pleased that we had the talent to promote from within, and it speaks well regarding the strength of our entire staff."
Further announcements regarding new management additions and pending acquisitions are anticipated in the near future.
About Global eTelecom:
Global eTelecom owns the first technology developed for processing checks electronically at the Point of Sale through the National Automated Clearing House Association (NACHA). Global eTelecom is a member of the Electronic Check Council (NACHA). Global eTelecom provides its proprietary electronic check processing services to a nationwide network of banks, independent sales agents, credit card processors and merchants. Global eTelecom's proprietary Electronic Check Services include: Electronic Check Conversion (Point-of Sale), Mail Order Checks, Telephone Checks, Internet, Lockbox Conversion, Recurring Debit, Represented Check Collection (RCK), Electronic Bill Paying, Complete Check Image Capture, and Web based Check Image Retrieval. More information on Global eTelecom can be found on the company's web site at www.globaletelecom.com.