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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (11087)	3/22/2000 8:26:00 AM
From: Jeff Vayda	Read Replies (1) \| Respond to of 29986

Globalstar Will Feature Brazilian Service Roll Out At Trade Show The beginning? (Thanks Phillips Telecon) Jeff Vayda Brazil, the 12th country where the Globalstar [GSTRF] (more) satellite-based telephony service has obtained landline connections, will celebrate the achievement at Americas Telecom 2000 in Rio de Janeiro, Brazil, between April 10-15. The conference is a gathering of officials from the world's largest telecommunications companies. Globalstar inaugurated worldwide its satellite-based telephony system at the end of 1999 after 20 years of research. The combined satellite/cellular system provides communications from remote locations that previously had no telephone service. In a speech by Globalstar President Anthony Navarra scheduled to be held at the conference, he will highlight the market need for this new system of satellite communication by describing how the service already has saved lives. Pedro Maisonnave, president of Globalstar of Brazil, said the results from the company's first months of operation prove that Brazil offers a challenge and an opportunity for satellite communication. [my emphasis - what an understatement!] Brazil's geophysical characteristics and businesses make the market a good one for Globalstar, Maisonnave said. "Telephone via satellite is already changing the level of productivity of business in Brazil, especially in the agricultural and maritime sectors," Maisonnave said. "Communication is an item of logistics in the world of business, which no area, no matter how primitive or local it may be, can afford to do without."