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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT
GSAT 73.01-0.9%Dec 12 9:30 AM EST

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To: Maurice Winn who wrote ()1/11/2000 2:05:00 PM
From: Rocket Scientist  Read Replies (1) of 29987
 
G* prospectus for the 7M share offering is online at

freeedgar.com

Latest status/plan on rollout therein:

"The Globalstar system is now commencing operations through nine gateways
which cover 58 countries. By the end of the first quarter of 2000, 18 gateways
are scheduled to be in operation, covering 79 countries and by the end of the
second quarter of 2000, we expect a total of 22 gateways to be in service,
covering 86 countries.

Globalstar service providers are now providing billable service in 11
countries, including Austria, Brazil, Canada, Greece, Italy, South Korea,
Switzerland and the United States. By the end of the first quarter 2000, service
providers plan to have billable services available in 61 additional countries,
including Argentina, Australia, Chile, China, Mexico, Russia, South Africa and
the principal nations of both Eastern and Western Europe. By the end of the
second quarter of 2000, a total of 82 countries are expected to be in billable
operations."
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