U. S. Department of Commerce Rules in Favor of StratoComm

EATONTOWN, N.J. and ALBANY, N.Y., Sept. 20 /PRNewswire/ -- StratoComm Corporation (STCO) announced a Department of Commerce recent ruling enabling the export of its TTS (Transitional Telecommunications System) without a specific export license.

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Earlier this year, with the assistance of its corporate counsel, Dorsey Whitney, LLP, StratoComm submitted a Commodity Classification Request to the Department of Commerce, Bureau of Industry and Security.  In a letter dated August 25 the DOC "classified the TTS as Export Administration Regulation EAR-99 and is eligible for export as NLR (No License Required)."

Previous to the classification ruling, StratoComm expected a requirement to obtain an individual export authorization for each TTS exported to an in country joint venture partner.

"This is significant," states Robert W. Phillips, President of StratoComm. "It validates StratoComm's premise that the TTS is the telecommunications infrastructure solution for all developing countries of the world."    

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.

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SOURCE StratoComm Corporation