MCLEAN, VA., May 14, 2009 - Global Telecom & Technology, Inc. (“GTT”), (OTCBB: GTLT), a leading global network integrator that provides its clients with a broad portfolio of wide-area network and mobility services, announced today results for the first quarter ended March 31, 2009.

Revenue totaled $15.7 million, compared to $16.3 million in the first quarter of 2008. Revenue was negatively impacted by the substantial weakening of the Euro and British Pound Sterling to the U.S. Dollar since last year.

Gross margin of 27.0 percent declined slightly compared to 29.0 percent in 2008.

As a percentage of revenue, selling, general and administrative (“SG&A”) expenses, excluding non-cash compensation, decreased significantly to 22.4 percent in 2009, compared to 28.1 percent in 2008.

Adjusted Earnings Before Interest Taxes Depreciation and Amortization (“EBITDA”)* increased 380 percent to $0.7 million in 2009 compared to $0.2 million in 2008.

“We had a great start to the year,” said Richard D. Calder, Jr., president and chief executive officer, GTT.  “At a normalized foreign currency exchange rate, revenue continued to show solid growth. Our Washington, London and Dusseldorf offices all produced positive revenue growth in their local currencies.”

“With a continued focus on costs, we reduced our SG&A expenses as a percentage of revenue, and drove the strong year-over-year growth in Adjusted EBITDA,”said Eric A. Swank, chief financial officer. “GTT generated $720,000 in Adjusted EBITDA in the first quarter, and with $2.6 million in Adjusted EBITDA for the trailing twelve months, and strong cash balances, GTT continues to strengthen its financial position.”

Conference Call Information

GTT will discuss its results on its quarterly conference call scheduled for Friday, May 15, at 8:30 a.m. Eastern Time (5:30 a.m. PT). To hear the conference call live, interested parties may dial 1.877.718.5099 or +1.719.325.4762 and enter passcode 8149947. A simultaneous live webcast of the call will be available over the Internet at www.gt-t.net, under the Investor Relations section of the site. A replay of the call will be available for one month. Interested parties can access the call replay by dialing 1.888.203.1112 or +1.719.457.0820 and using the passcode 8149947. In addition, a replay of the webcast will be available on GTT�s website at www.gt-t.net.

About GTT

GTT is a global network integrator that provides its clients with a broad portfolio of wide-area network and wireless mobility services. With over 800 worldwide supplier relationships, GTT combines multiple networks and technologies to deliver cost-effective solutions specifically designed for each client's unique requirements. GTT enhances client performance through our proprietary systems, comprehensive project management and 24x7 operations support. Headquartered just outside Washington, D.C. in McLean, Virginia with offices in London and Dusseldorf, GTT provides service to more than 300 enterprise, government, and carrier clients in over 70 countries, worldwide. For more information visit the GTT website at www.gt-t.net