KENNEDY SPACE CENTER, FL -- (Marketwired) -- 10/01/13 -- Global Telesat Corp. ("GTC"), a wholly owned subsidiary of World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial systems, has closed new business agreements with multiple clients to provide asset tracking services throughout Asia and other international regions. The contract awards will result in a significant increase in the number of asset tracking devices currently managed by GTC, together with an increase in recurring monthly revenue produced by the messaging plans required for each device put into service.
The agreements require GTC to provide specialized satellite tracking devices, satellite airtime and online mapping capabilities to organizations wishing to locate and monitor the movements of a variety of mobile assets across the world. These asset tracking contract requirements include locating shipping containers, commercial cargo vessels and high-altitude balloons.
GTC will provide specialized satellite tracking hardware operating on the Iridium and Globalstar networks, together with airtime and access to its proprietary mapping portal, GTCTrack, which enables the tracking devices to be visually located and monitored by customers in near real-time from a PC or mobile device. The tracking devices provided by GTC will send predefined messages with their respective GPS locations and other information required by customers to track the beginning or end of an asset's journey or its movement out of a pre-authorized zone.
Glenn D. Estrella, WSGI's President and CEO, stated, "We are encouraged by the growth in GTC's satellite tracking business following the launch of its GTCTrack portal as evidenced by these new contracts to provide GTC's specialized satellite tracking services. These contract awards are further evidence that GTC's decade-long experience in providing satellite tracking solutions, advanced hardware solutions and competitive pricing are instrumental in attracting new customers from across the world."
About World Surveillance Group Inc.
World Surveillance Group Inc. (OTCQB: WSGI) designs, develops, markets and sells lighter-than-air advanced aerostats and UAS capable of carrying payloads that provide persistent intelligence, surveillance and reconnaissance ("ISR"), security and/or wireless communications solutions at low and mid altitudes. WSGI's aerial assets are designed for integration with electronics systems and other high technology payloads for use by government-related and commercial entities that require real-time ISR or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief, maritime and environmental 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 markets and sells advanced aerostat systems and provides mobile voice and data communications services globally via satellite to the U.S. government, defense industry and commercial users. GTC specializes in services related to the Globalstar satellite constellation, including ground station construction, satellite telecommunications voice airtime, and tracking services. GTC has an e-commerce mobile satellite solutions portal and is an authorized reseller of satellite telecommunications equipment and services offered by other leading satellite network providers such as Inmarsat, Iridium, and Thuraya. 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 GTCTrack portal and any of its products, services or solutions, GTC's ability to receive any recurring revenue, the growth of GTC's business, GTC's ability to secure and/or satisfy government, commercial or other customers for any of their respective products, GTC's ability to service any contracts or the needs of its 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, the Company's or GTC's ability to generate new revenue streams, 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.