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StratoComm Announces $45 Million System Sale
Nov 20, 2007 (08:11 AM EST)
ALBANY, N.Y. and EATONTOWN, N.J., Nov. 20 /PRNewswire-FirstCall/ -- StratoComm Corporation's New Jersey Development Center was the site of meetings between StratoComm senior management and Mr. William Tallah, Director General of Airseal International Cameroon, during which StratoComm was awarded a $45 Million contract for the sale of Transitional System telecommunications equipment and services.
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Airseal, under Mr. Tallah's direction, is an established Internet Service Provider in Cameroon that seeks to extend the quality, reliability and geographic reach of its product offerings and services. Tallah states, "StratoComm's innovative technology represents the answer to solving the cruel infrastructure problems plaguing developing countries thereby enabling them to bridge the daunting Digital Divide."
Evergreen ISP Platform, PLC is a business entity incorporated in Cameroon to operate as a Joint Venture Company under the guidance of Airseal and StratoComm. With Mr. Tallah installed as its Director General, Evergreen has contracted with StratoComm for the purchase of $45,000,000 of StratoComm Transitional System telecommunications equipment and services.
"StratoComm welcomes this agreement and looks forward to our delivery of reliable and cost sensitive telecommunications services to Cameroon. This agreement validates StratoComm's market development strategy to operate on the parallel tracks of near term revenue and continued stratospheric development," states Roger D. Shearer, StratoComm's CEO.
StratoComm Corporation is a developer and provider of telecommunications infrastructure technologies with specific focus to the delivery of ubiquitous and cost sensitive communications services to the developing world. The company is further committed to the allocation of a portion of each system's service capacity for the provision of low cost/no cost social and economic outreach programs.
Safe Harbor Disclosure -- This Press Release contains or incorporates by reference "forward looking statements", including certain information with respect to plans and strategies of StratoComm Corporation. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation reform Act of 1995, including StratoComm beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to StratoComm Corporation as of such date. There are a number of important factors that could cause actual events or actual results of StratoComm Corporation and its subsidiaries to differ materially from those indicated by such forward-looking statements.
CONTACT: Roger D. Shearer, Chairman & CEO of StratoComm Corporation, info@stratocommCorporation.com+1-518-608-8940, ext. 15,
Web site: http://www.stratocommcorporation.com/