StratoComm Corporation To Open Market Development Office

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Mar 30, 2010, 12:06 ET

ALBANY, N.Y., EATONTOWN, N.J. and GENEVA, March 30 /PRNewswire-FirstCall/ -- StratoComm Corporation (STCO) is scheduled to open a market development office in Geneva, Switzerland that will house StratoComm's first operating subsidiary, StratoComm Development, SA, a Swiss registered company.

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"As StratoComm has progressed with its ongoing technology development and the market introduction of its products and services we are enjoying an increased frequency of inquiries from throughout our target market," stated StratoComm, CEO Roger D. Shearer. Mr. Shearer continued, "A significant number of developing countries have embassy or consulate representation in Geneva, and it is management's view that establishing a fulltime presence there will sharply increase efficiency and effectiveness of StratoComm's ongoing market development efforts."

"StratoComm's commitment to the support of frequency allocation for its stratospheric services, presently in development, will also benefit from an ongoing presence in Geneva, which is the headquarters location of the International Telecommunications Union," Shearer added.

The development office is scheduled to open on May 1, 2010 and will support a market development and administrative staff. It is anticipated that additional collaborative opportunities will result from StratoComm's fulltime presence in Geneva.

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.

Company web site: www.stratocomm.net

SOURCE StratoComm Corporation