Global Telesat Secures New Mobile Satellite Solutions Orders
(Marketwire Via Acquire Media NewsEdge) KENNEDY SPACE CENTER, FL -- (Marketwire) -- 04/03/12 --
World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles and related technologies, announced today that its wholly owned subsidiary, Global Telesat Corp. ("GTC"), experienced a significant increase in sales of mobile satellite solutions ("MSS") during the first quarter of 2012, due in part to the recent launch of its e-commerce MSS website, www.gtc-usa.com. GTC's sales during the first quarter of 2012 reflect the best quarterly sales period GTC has had since its acquisition by WSGI.
During the first quarter, GTC provided MSS that addressed a variety of customer requirements around the globe, including the supply of specialized satellite tracking devices and messaging services for use in Afghanistan, satellite phones for essential communication requirements during the uprisings in the Middle East, and satellite broadband airtime to enable wounded servicemen to send blogs, photographs and emails during a two month charitable fundraising trek to the base camp at Mt. Everest. GTC has also received and is working to address numerous inquiries from defense and defense-related companies seeking samples, demonstrations and technical information on GTC's proprietary tracking devices, mapping software and satellite ground station capabilities.
These new orders and inquiries secured by GTC follow the recently implemented strategy to diversify GTC's satellite business operations to address the multi-billion dollar global MSS market. Over the coming months, GTC intends to continue to address this market by significantly increasing the range of products and solutions available for customers to purchase online through its e-commerce website, establishing additional global reseller agreements, and aggressively marketing its full product suite of customized tracking devices, satellite communications equipment and other MSS products.
WSGI President and CEO Glenn D. Estrella stated, "One of our goals was to start the year strong by executing on opportunities available to each of our businesses. We are currently receiving positive feedback from government and commercial customers interested in both GTC's products and our line of airships. We intend to build on the momentum we have generated in the first quarter to close more business and strengthen our Company during the rest of the year."
About World Surveillance Group Inc.
World Surveillance Group Inc. (OTCBB: WSGI) designs, develops, markets and sells autonomous, lighter-than-air UAVs capable of carrying payloads that provide persistent security and/or wireless communications solutions at low, mid, and high altitudes. WSGI's airships, when integrated with electronics systems and other high technology payloads, are designed for use by government-related and commercial entities that require real-time intelligence, surveillance and reconnaissance or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief and maritime missions. For more information regarding WSGI, please visit www.wsgi.com, or view our reports and filings with the Securities and Exchange Commission on http://www.sec.gov.
About Global Telesat Corp.
GTC provides mobile voice and data communications services globally via satellite to the U.S. government, defense industry and commercial users. GTC specializes in services related to the Globalstar satellite constellation, including ground station construction, satellite telecommunications voice airtime, and tracking services. GTC has recently launched its e-commerce mobile satellite solutions portal and is an authorized reseller of satellite telecommunications equipment and services offered by other leading satellite network providers such as Inmarsat, Iridium, and Thuraya. GTC's equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America. For more information regarding GTC, please visit www.gtc-usa.com.
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of GTC's new website and any of its products, services or solutions identified therein, the appeal of GTC's website to potential customers, GTC's ability to capture any portion of the global MSS market, the Company's or GTC's ability to secure and/or satisfy government, commercial or other customers for any of their respective products, GTC's ability to leverage its government-related experience, the Company's or GTC's ability to execute on its strategies or to accomplish any of its goals or objectives, the Company's or GTC's ability to generate new revenue streams, the ability of GTC to get Globalstar certifications for its tracking devices or to get registered on the GSA Schedule Program, the further advancement, development or commercialization of any of the Company's or GTC's products, the capabilities and advantages of, and costs related to, the Company's and GTC's technology and products and services, and the suitability of any of GTC's products or services for any particular application. The words "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
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Source: World Surveillance Group
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