NEWS RELEASE
May 1, 2002
For Immediate Distribution
Global eTelecom Announces Appointment of Douglas T. Ingram, Jr., CPA as Chief Accounting Officer
Destin, Florida Global eTelecom, the national leader in Electronic Check Conversion (ECC) today announced the appointment of Douglas T. Ingram, Jr., CPA as the corporation's new Chief Accounting Officer. The newly created position was predicated by the corporation's continued explosive growth.
"We are pleased to announce the addition of Douglas Ingram to our Executive Management staff," states John H. Beebe, Chairman & Chief Executive Officer of Global eTelecom. " Doug brings a great pedigree, experience and tremendous talent to our management team."
Gregory Oswalt, Chief Financial Officer of Global eTelecom stated, " Due the our continued growth of our current business and successful expansion of our new electronic payment processing applications, we recognized the need to add another high caliber member to our executive management staff who possessed strong financial management skills and experience. Doug Ingram, through his past two years as Global eTelecom's Independent Audit Manager has gained tremendous insight into the electronic check conversion industry, and coupled with Doug's overall business and management skills made him an automatic choice for the position. Adds Oswalt, "Doug's in-depth cost analysis and analytical review skills will be an asset to help provide better reporting and pricing to our Business Partners and Merchants. Doug will also be instrumental in providing the interface of our current accounting system and our state of the art XML processing engine."
Prior to his appointment at Global eTelecom, Ingram was Senior Accountant at Wilson, Price, Barranco, Billingsley and Blankenship in Montgomery, Alabama. Ingram also served as Staff Account for Brantley, Stephens and Boucher. Ingram is graduate of Troy State University, holding a Bachelor of Science in Accounting, and later completed his graduate studies at Troy State University, earning his Masters of Business Administration (MBA).
Ingram is a member of the American Institute of Certified Public Accountants, the Alabama Society of Certified Public Accountants, and the Montgomery Society of Certified Public Accountants. Additionally, Ingram served as Secretary & Treasurer during 2000-2001 for the Montgomery Society of Certified Public Accountants; Vice President during 2001-2002 for the Montgomery Society of Certified Public Accountants; and served as a Council Member during 2001-2002 for the Alabama Society of Certified Public Accountants.
"It is an honor and privilege to be chosen for this position to help lead Global eTelecom into the future, and to further assist the corporation in achieving it's goals. This is a very exciting time in the Electronic Check Conversion industry, and we have a very competent, well rounded management team and staff to take us into the future," states Doug Ingram. " I look forward to further building upon the successful groundwork that has already been laid."
About Global eTelecom, Inc.:
Global eTelecom owns the first 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, utility companies, independent sales agents and associations, credit card processors, insurance companies, 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
Contacts:
Global eTelecom
John H. Beebe
Chairman & Chief Executive Officer
Phone: (850) 650-8506
Email: john@globaletelecom.com