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Sleeping US Telecoms Giant Takes Market Lead

For Immediate Release, Falls Church, Virginia (August 27, 2002) – In times when public telephone companies are filing for Chapter 11 bankruptcy, privately held telecoms giant GlobalPhone Corporation of Falls Church, Virginia takes the market lead.

Since being established in 1995, Globalphone a licensed FCC telecommunications carrier has focused its energies on the multitude of lucrative overseas customers outside of the United States. The company is now making use of its resources and vast telecoms and customer services expertise to step up and take the lead in the United States long distance market.

To front this effort, Globalphone has just released a new World Passport phone service with low cost domestic and international calling rates and no monthly fees or hidden fine print charges. The new service is designed for business and personal use and may be conveniently used to place low cost long distance calls from any telephone or mobile cellular phone without the need for changing long distance companies.

About GlobalPhone Corporation

GlobalPhone Corporation is a leading facilities-based telecommunications carrier and integrated communications provider serving retail, wholesale, and corporate customers worldwide. The privately held corporation offers long distance and other related services utilizing tandem telephone switches and equipment housed in its Falls Church, Virginia headquarters. GlobalPhone creates a valuable offering by providing connectivity to and from over 80 countries worldwide, with services featuring no hidden fees or surcharges, least-cost routing, and redundant connections to guarantee quality of service. GlobalPhone is a Federal Communications Commission (FCC) licensed carrier. For more information, visit the company website at http://www.gphone.com.