StratoComm Corporation Shareholder Advisory
20 July 2011 - 6:11AM
Business Wire
StratoComm Corporation (STCO) provides results of operations for
2011 to date.
StratoComm’s focus through the first half of 2011 has been
toward:
- negotiation of a meaningful
collaborative/licensing agreement for the commercial application of
its helium replenishment patent
- directing business development focus to
include non- commercial telecommunications applications within the
defense, mining and oil industries
- planning and presentation of its
shareholder meeting
- securing sustaining revenues
As of the writing of this release, StratoComm has progressed
well toward finalization of agreement with a significant industrial
company whose product line includes tethers for use by aerostat
systems. More information will be provided publicly in the near
term. Execution on this agreement is a meaningful step toward
sustained revenues and StratoComm’s increased availability of
commercial telecommunications services from its Transitional
Telecommunications System.
Given the challenge of securing project financing in support of
its system sales to Joint Venture Partners StratoComm has expanded
its business development focus to now include defense, mining and
oil industries. Each industry segment has requirements unique to
its operations and in each instance serving those needs is well
within the competencies of StratoComm’s core disciplines. The
company is presently in discussion with interested parties in the
defense and mining industries. These efforts have been supported by
the presence of negotiations with its prospective industrial
collaborator.
On April 27th company Chairman and CEO, Roger D. Shearer,
presided over StratoComm’s initial Shareholder Meeting. The meeting
was held at the Albany Marriott, located on Wolf Road, Albany, New
York. Mr. Shearer fully recapped the company’s activities providing
status on past business development, present status on each
business development effort, financial status, regulatory status
and ongoing technology development. In short, the presentation
provided where the company has been, where it is, where it is
headed and how it is proposed to succeed. Company financials will
be available publicly in the near term and will be provided both on
its website and within its filings at the Pink Sheets. The
Shareholder Meeting was videotaped and that tape is presently being
encoded for uploading to StratoComm’s website.
The company has continued its efforts to secure access to
reliable project financing to support ongoing sales to prospective
joint venture partners. Efforts continue with prospective project
financing groups toward defining criteria under which StratoComm
can prequalify prospective Joint Venture Partners.
StratoComm is now securely positioned to realize revenues from a
combination of its expanded business development focus, near term
engagement with the prospective industrial collaborator and
agreement to definition of an investment criteria with one or more
project financing sources.
StratoComm Corporation is a developer and provider of
telecommunications infrastructure technologies with a specific
focus to the delivery of ubiquitous and cost sensitive
telecommunications 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 economic and
social 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
are 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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