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Technology Stocks : GLOBALSTAR - The New Beginning - GSTRF / GSTRQ

GSAT 41.51

-0.7%

3:59 PM EDT

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From: pcstel	3/13/2010 11:36:09 AM
	of 65

South African Gateway update... From the 10K " An independent gateway operator in South Africa, Vodacom, was unable to secure a license to activate and operate the gateway in that country and turned the gateway over to Telkom, the South African telephone company, in settlement of debts. >> The gateway is inactive, and we are considering extending service to Southern Africa through a new gateway in Botswana. << We have initiated efforts to reestablish the business in South Africa through our own subsidiary. In January 2009, we obtained new operating licenses that allow us to provide a broad array of services in South Africa. However, we expect to do so with or through a local telecommunications company, which we have not yet arranged." PCSTEL

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