StratoComm Corporation Announces Domestic Joint Venture Effort
09 Janeiro 2009 - 3:04PM
PR Newswire (US)
ALBANY, N.Y. and EATONTOWN, N.J., Jan. 9 /PRNewswire-FirstCall/ --
StratoComm Corporation (STCO) has executed agreement to enter the
U.S. market for delivery of communications services to underserved
rural areas throughout the country. (Logo:
http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO ) To the
present, StratoComm's business model has been directed exclusively
to delivery of communications to Developing Countries in Africa,
Latin America and Asia. It is well known that Developing Countries
lack reliable telecommunications infrastructure, which is why
StratoComm's early efforts have produced positive results. What is
less known to the general public is that many rural communities
throughout the U.S. also lack reliable and reasonably priced high
speed Internet access and telephone services. To address this
significant Domestic business opportunity, StratoComm is executing
Joint Venture Agreements with carefully selected U.S. companies
that are presently delivering communications services to
underserved rural communities throughout the U.S. "Our initial
Domestic efforts are being very well received among those companies
contacted to date," states Roger D. Shearer, StratoComm, CEO.
"StratoComm's proprietary technology is capable of dramatically
accelerating Domestic rural communications build out and reducing
end user cost." StratoComm has executed its first Joint Venture
Letter of Intent with Coto Communications, LLC, an Edgewater,
Florida based rural communications provider. Coto and StratoComm
will focus their joined efforts to communities throughout the
Southeast corridor of the U.S. Vincient Colwell, Coto
Communications CEO, states, "Coto is pleased to be able to partner
with StratoComm. There is an application and a synergy of
technologies here for rural infrastructure to deliver reliable
services at a price point that's right for businesses." 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. Coto Communications, LLC focuses its business efforts to
delivery of wireless broadband services to under served rural
communities. 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, CEO of StratoComm Corporation,
+1-518-608-8940 ext. 15, Web Site: http://www.stratocomm.net/
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