EXHIBIT 99.2
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For More Information Contact:
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Nick Farina
Slack Barshinger & Partners.
312-952-3232
Jack Queeney
GlobalNet, Inc.
630-652-1337
GLOBALNET, INC. RETAINS KPMG LLP AS
OUTSIDE AUDITOR AND TAX ADVISOR
LOMBARD, IL, October 31, 2000 - GlobalNet, Inc. (GBNE), a fast-growing
telecommunications firm, today announced it has retained KPMG LLP as the
company's independent auditors and tax advisors.
"KPMG did an outstanding job in helping us through our merger and they have a
strong understanding of our business," said GlobalNet Chairman and Chief
Executive Officer Robert Donahue. "As a publicly-traded company, we look forward
to working with KPMG within our expanded relationship."
GlobalNet recently announced the retaining of Kissinger McLarty Associates, the
strategic consulting firm, to assist with its international expansion efforts,
and McDermott, Will & Emery, the law firm, as its legal counsel. These moves are
in line with the company's goals to obtain the best strategic advice and
maintain open communication with shareholders.
About GlobalNet
GlobalNet, Inc., based in Chicago, provides international voice, data and
Internet services over a private IP network to international carriers and other
communication service providers in the United States and Latin America.
GlobalNet's state-of-the-art IP network, utilizing the convergence of voice and
data networking, offers customers economical pricing, global reach and an
intelligent platform that guarantees fast delivery of value-added services and
applications. The company, through its facilities in the U.S. and Latin America
and arrangements with affiliates worldwide, carries traffic to more than 240
countries. Visit GlobalNet at www.gbne.net.
About KPMG LLP
KPMG LLP, the accounting, tax and consulting firm, is the link between business
and technology, providing objective business advice of uncommon clarity that
helps clients achieve market-leading results. KPMG LLP is the U.S. member firm
of KPMG International. KPMG International's member firms have more than 103,000
professionals, including 7,000 partners, in 159 countries.
