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Global Telesat Corp. Launches E-Commerce Mobile Satellite Solutions Portal www.gtc-usa.comWebsite Addresses the Multi-Billion Dollar Global Satellite Services Market (February 14, 2012)
KENNEDY SPACE CENTER, FL -- (Marketwire) -- 02/14/12 -- 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.
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.
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