EXHIBIT 99
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eGLOBE, INC. NEWS RELEASE
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FOR IMMEDIATE RELEASE TRADING SYMBOL: EGLO
DATE: NOVEMBER 22, 2000 STOCK EXCHANGE: NASDAQ
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COMPANY CONTACT: AGENCY CONTACTS:
Allen Mandel Jeffrey Volk/Stephen Axelrod, CFA
Senior VP Corporate Affairs Wolfe Axelrod Weinberger Assoc. LLC
(800) 688-0092 (212) 370-4500
email: [email protected]
EGLOBE ANNOUNCES NASDAQ ACTION
WASHINGTON, D.C., NOVEMBER 22, 2000/PRNEWSWIRE/ -- eGlobe,
Inc. (NASDAQ NM: EGLO) announced that after the close of business yesterday
November 21st, Nasdaq notified the Company that it was being moved from the
Nasdaq National Market to the Over-the-Counter market.
eGlobe is taking steps to have Nasdaq reconsider this action.
The Company will keep its shareholders informed of developments as they ensue.
eGlobe is a leading global provider of voice-based Internet
services for the world's telephone companies and Internet Service Providers.
eGlobe's services include: Voice over IP, voice portal, unified messaging
services and customer support. eGlobe originates traffic in more than 100
territories and countries and terminates anywhere in the world. eGlobe provides
its services principally to large national telephone companies, to ISPs and
portals.
Certain statements in this news release are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 and involve known and unknown risks, uncertainties and other factors
that may cause the Company's actual results, performance or achievements to be
materially different from the results, performance or achievements expressed or
implied by the forward looking statement. Factors that impact such forward
looking statements include, among others, the ability of the Company to attract
additional business, the ability of the Company to successfully integrate
acquisitions and mergers, complete software development and offer new products,
changes in expectations regarding restructurings, including tax liabilities and
reductions in cost, possible changes in collections of accounts receivable,
risks of competition, price and margin trends, changes in worldwide general
economic conditions, changes in interest rates, currency rates and worldwide
competition.
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