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Global Telesat Corp. Launches E-Commerce Mobile Satellite Solutions Portal www.gtc-usa.com
KENNEDY SPACE CENTER, FL, Feb 14, 2012 (MARKETWIRE via COMTEX) --
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"), has unveiled a new e-commerce Mobile Satellite
Solutions ("MSS") portal, www.gtc-usa.com. The new website has been
launched as part of the Company's strategy to diversify its satellite
business operations, address a multi-billion dollar global market,
and generate a new near-term revenue stream for the Company.
In recent years, GTC secured and serviced U.S. Department of Defense
and defense-related prime contractor contracts for MSS worth in
excess of $10 million. Pursuant to such contracts, GTC provided
hardware and satellite airtime services to thousands of individual
satellite voice, data and tracking devices, many of which were used
in mission critical situations. GTC intends to capitalize on this
government-related experience to address the commercial marketplace
for MSS and capture a share of the global satellite services market
that is estimated to double in value to $10 billion by 2020 (Source:
Northern Sky Research, June 2011).
GTC's new website offers a range of portable satellite voice, data
and tracking solutions that provide communications services to areas
of the world where other methods of communication do not exist or are
currently limited, including remote land and ocean areas, the polar
regions, and areas where an existing telecommunications
infrastructure has been negatively affected by political conflicts,
natural disasters or other such events. GTC's available solutions
include handheld satellite phones, personal and asset tracking
devices, and portable high speed broadband terminals, all of which
work virtually anywhere in the world. GTC's solutions are ideally
suited for industries such as maritime, aviation,
government/military, emergency/humanitarian services, mining,
forestry, oil and gas, heavy equipment, transportation and utilities
as well as recreational users.
GTC launched its new website for MSS to appeal to a global,
technologically advanced customer base. It delivers a rich,
user-friendly interface so that customers can research solutions
suitable for their individual requirements and instantly purchase
online any of the products or services supplied by GTC and/or its
network providers, including Iridium, Inmarsat, Thuraya and
Globalstar. Through this network, GTC's website offers voice, data
and tracking solutions with 100% global coverage.
Additionally, GTC's new website debuts a line of its own custom
developed commercial tracking products that were previously used
exclusively by U.S. government customers and thus have satisfied the
toughest operating requirements for years. GTC's tracking devices
will operate and be certified for use on the Globalstar satellite
constellation. Users of these GTC tracking products will be able to
access their accounts online and view near-live location and status
transmissions using GTC's proprietary mapping web interface.
As a certified Government contractor, GTC plans to further increase
MSS revenue opportunities through registration with the U.S. General
Services Administration ("GSA") Schedule Program. The GSA Schedule
Program enables billions of dollars in federal spending and helps
eligible users, including all branches of Federal, State and Local
governments, more easily meet their procurement needs. The U.S.
Federal government spends over $40 billion each fiscal year on
contracts through the GSA Schedule Program, including MSS contracts.
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 satellite airtime and tracking services to the U.S.
government and defense industry end users and resells airtime and
equipment from leading satellite network providers such as
Globalstar, Inmarsat, Iridium and Thuraya. GTC specializes in
satellite tracking services using the Globalstar satellite network
and owns a number of network infrastructure devices containing the
signal processing technology that powers the Globalstar Simplex Data
Service. 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.
Forward-Looking Statements
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 or to secure and/or satisfy commercial customers, 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, 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
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.
SOURCE: World Surveillance Group
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