NEWS RELEASE
January 2, 2002
For Immediate Distribution
Global eTelecom Announces Several New Promotions in its Management Staff
DESTIN, FL - Global eTelecom, Inc., the national leader in Electronic Payment Processing announced several new promotions within its management staff predicated by its continued rapid growth in the exploding electronic payment industry. The new management members assumed their new duties on January 1, 2002.
"I am very pleased with how our organization is growing and our staff's performance relating to servicing and managing our current growth, which is enabling our company to build and expand for the future," states John H. Beebe, Chairman and Chief Executive Officer of Global eTelecom. "While we are always looking on the outside for talented people, 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: Chris Brundage has been promoted to Vice President of Sales and Marketing, Mr. Brundage was formerly Director of Sales and Marketing; Noble Wyninegar has been promoted to Vice President of Finance, Mr. Wyninegar was formerly Associate Vice President of Risk Management; and Brian Frantz has been promoted to Vice President of Information and Technology, Mr. Frantz was formerly Project Engineer and head of Global eTelecom's software development team.
"Our rapid pace of growth made these changes necessary to allow us to continue providing the same excellent level of service to our customers and partners," adds Greg S. Oswalt, Chief Financial Officer of Global eTelecom. "I am very pleased that we had the talent to promote from within. Our entire staff is very strong."
About Global eTelecom
Global eTelecom is a privately held corporation based in Destin, FL, and developed the most advanced technology for processing checks electronically at the Point of Purchase through the National Automated Clearing House Association (NACHA). Global eTelecom is an active member of NACHA's Electronic Check Council. Global eTelecom provides it's proprietary, fully customizable XML based electronic check processing services to a nationwide network of banks, independent sales agents and associations, credit card processors, insurance companies, 3rd party software providers, and retail merchants ranging in size from small "Mom & Pop" stores to national retail chains. Global eTelecom's proprietary Electronic Check Services include: Electronic Check Conversion (Point-of-Purchase), Electronic Mail Order / Telephone Order Checks (MOTO), Encrypted Electronic Internet Checks, Lockbox Conversion, Electronic Recurring Debit, Electronic Represented Check Collection (RCK), Wireless Encrypted Infrared Checks, Electronic Check Image Capture, and Secure Web Based Check Image Retrieval. More information on Global eTelecom can be found on the company's website at www.globaletelecom.com or by calling (850) 650-8506.