Global Telecom & Technology, Inc. Announces Change of Name on the OTC Bulletin Board and Corresponding Ticker Symbol Changes

Business Wire, Nov 29, 2006

MCLEAN, Va. -- Global Telecom & Technology, Inc. ("GTT") (OTC Bulletin Board:GTLT), formerly known as Mercator Partners Acquisition Corp., announced today that effective immediately, the company will trade as Global Telecom & Technology, Inc. on the OTC Bulletin Board, and that its ticker symbols on the OTC Bulletin Board will also change. The new OTC Bulletin Board symbol for each of the securities is as follows:

Common Stock: GTLT

Series A Units: GTLTU

Series B Units: GTTBU

Class W Warrants: GTLTW

Class Z Warrants: GTLTZ

About Global Telecom & Technology

Formed in October 2006, following the acquisition by Mercator Partners Acquisition Corp. of all the outstanding shares of Global Internetworking Inc. and European Telecommunications & Technology Limited, Global Telecom & Technology, Inc. ("GTT") (OTCBB:GTLT) is one of the world's leading virtual network operators ("VNOs").

Unlike traditional, network-centric telecom carriers, VNOs do not own the infrastructure upon which their services are provided. Instead, they design solutions based on their customer's requirements, using an optimal combination of telecommunications networks and technologies. GTT procures, integrates and manages these best-of-breed solutions on its customers' behalf.

Headquartered in McLean, Virginia and with offices in London, Paris, Dusseldorf, New Delhi, and New York, GTT provides a global service footprint covering more than 50 countries, and it has more than 200 customers and in excess of 100 carrier partnerships around the world. For more information visit the GTT web site: http://www.gt-t.net.

Forward-Looking Statement

Some of the statements made by GTT in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. GTT believes that its primary risk factors include, but are not limited to: developing and marketing new products and services that meet customer demands and generate acceptable margins; loss of key customers; negotiating and entering into acceptable contract terms with our suppliers; attracting and retaining qualified management and other personnel; and competition and other risks associated with the communications sector in general and the virtual network operator sector in particular. Additional information concerning these and other important factors can be found within GTT's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.