SOURCE: Global Marine Ltd.

December 05, 2006 14:08 ET

Global Marine Ltd. Announces Alliance With Arcon Global Communications -- Gaining International Exposure

CHARLESTON, SC -- (MARKET WIRE) -- December 5, 2006 -- Global Marine Ltd. (PINKSHEETS: GLBM) today announced a strategic alliance with Arcon Global Communications. As part of this alliance, Global Marine Ltd. will acquire a substantial interest in Arcon Global Communications of Salt Lake City, Utah; A "Win-Win," agreement that increases international exposure for both companies as unique service providers.

Arcon Global Communications (www.arconglobal.com) provides specialized IT and Telecommunications infrastructure installation services primarily for the U.S. Government and other key clients domestically and abroad. Arcon's growth has been the result of their specialization in data networks, video surveillance, VoIP, and voice telecommunications including the distinction of being recognized by the U.S. Department of Defense for Arcon's timely focus on supplying, delivering, and supporting military data network awarded contracts in Iraq for over the past 3 years.

After concluding Arcon's alliance and other beneficial contractual negotiations, held at U.S. Air Force Base Ramstein, Germany, Stephen Bennett, Global Marine's recently appointed president, said, "This acquisition is the first of several strategic acquisitions by Global Marine Ltd. that positions itself in the high growth specialty telecommunications professional services market. The Company has now gained additional state-of-the-art advanced technology, surveillance expertise for both land and sea, and most of all, systems implementation. The Global & Arcon alliance provides an advanced protective data technology solution that exceeds contractual necessities of Homeland Security and current Defense requirements."

"This partnership demonstrates our commitment to develop and deliver innovative offerings and solutions leveraging communication, acoustic & marine technologies for public and private sector clients. As a leading-edge company involved in Communications Professional Services, Arcon Global was the attractive partner we've been seeking," stated Global's Chairman, Douglas Beatty.

Douglas Beatty, also commented, "That our new President orchestrated the structuring of this alliance, demonstrating the caliber of talent Mr. Bennett has brought to Global, including his own commitment to develop and deliver to Global Marine Ltd. and its shareholders exceptional growth opportunities in industries that now demand, innovation & innovative techniques. The very same techniques employed by the Global Arcon Alliance."

About Global Marine Ltd

Global Marine Ltd. is as a Registered Contractor for the United States Government, distinct with CAGE / NAGE, CAC and security clearances and recognized for "modern day" Oceanographic & Historic Marine salvage. The Company continuously seeks to acquire emerging growth like corporations that offer innovative communication products, WiFi, RFID, data networks, video surveillance, acoustic & marine technology and business projects within the U.S. Military and Government, Private, and Public sector. Leading-edge technology and projects are selected that offer Company shareholders exceptional growth opportunities. As a Government Contractor, GLBM may be involved in Department of Defense agreements, Port Security, Homeland Defense awarded business contracts, or may submit proposals on Government Tendered projects. Global Marine Ltd. is currently focusing its marine division's recovery efforts on "located" historic, Royal Spanish "Treasure" Armada shipwreck sites, and other wrecksites Worldwide. "Located" wrecksites may be in various stages of development. GLBM is currently auditing Company records to become current with all SEC filings.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

This press release does not constitute an offer to sell or a recommendation to purchase any securities. This press release may contain forward-looking statements, including the company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, the successful execution of the company's plan of operation, changes in the company's anticipated earnings, continuation of any contracts, changes in other applicable regulations, and other factors that may be detailed in the company's filings with the Securities and Exchange Commission. In addition, the factors underlying any company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The information provided in this press release is provided solely for the reader's general knowledge. It is not intended to be a comprehensive review for all matters and developments concerning the Company.

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