StratoComm Corporation Signs $15 Million System Sale Agreement
29 Janeiro 2008 - 12:23PM
PR Newswire (US)
ALBANY, N.Y., and ANTANANARIVO, Madagascar, Jan. 29 /PRNewswire/ --
StratoComm Corporation (OTC:STCO) today announced the sale of
Transitional System telecommunications equipment and services
valued at $15,000,000 USD. StratoComm's most recent system sale was
executed with, StratoComm Madagascar SA, a Joint Venture Company
based in the East African country of Madagascar. (Logo:
http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO )
StratoComm Madagascar, SA (SMS) is a newly formed Joint Venture
company registered in Madagascar. Organizational meetings to form
SMS were held in Geneva, Switzerland on January 13, 2008. Mr.
Faly-Hery Ranaivoson was installed as the General Manager of
StratoComm Madagascar, SA and duly authorized to execute the
Transitional System Sale Agreement on behalf of the company. Henri
R. Ranaivoson, a Director of StratoComm Madagascar, SA stated: "We
welcome the relationship with StratoComm Corporation and eagerly
await completion of the site selection process which will support
defining of our business model following which the Transitional
System can be put into the production schedule." "It is gratifying
and affirming, after fifteen years of research and development, for
StratoComm to receive such positive response to its early market
development efforts," stated StratoComm Corporation CEO, Roger D.
Shearer. Shearer further stated, "StratoComm welcomes the
opportunity to work closely with the Ranaivoson family to bring
enabling telecommunications services to Madagascar while also
contributing to the educational vision championed by Henri and his
family." StratoComm Corporation is a developer and provider of
telecommunications infrastructure technologies with a specific
focus to the delivery of ubiquitous and cost sensitive
communication 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 Corporation 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.
http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO
http://photoarchive.ap.org/ DATASOURCE: StratoComm Corporation
CONTACT: Roger D. Shearer, Chairman & CEO of StratoComm
Corporation, +1-518-608-8940 ext. 15, Web site:
http://www.stratocommcorporation.com/
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