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

To: Jack Bridges who wrote (15410)	8/7/2000 8:54:44 AM
From: Souze	Respond to of 29987

Here's another version of the Russia G* service announcement: Newsbytes, 08/7/2000 08:27 Globalstar Satphone Service Launched In Russia 08/07/00 MOSCOW, RUSSIA, 2000 AUG 7 (NB) -- By Sylvia Dennis, Newsbytes. Globalstar [NASDAQ:GSTRF] has at last (my note: nothing like embedding an editorial comment in a news release) rolled out its satellite telephony service in Russia, giving Russians the chance to use country-wide mobile telephony. Globalstar, which is selling handsets and airtime through GlobalStar in Russia, said that services are available on a pan-country basis, as well as up to 200 miles from the Russian coast, on special tariff terms of between $1.19 and $1.99 a minute. Users must pay GlobalTel $999 for a handset, which entitles them to basic mobile telephone services including voice mail and short messaging service (SMS) text messages. Plans call for GlobalTel to roll out satellite-based fax and data services in early 2001. Initially, all calls from Russia are being routed through GlobalTel's Moscow gateway, but gateways in Novosibirsk and Khabarovsk, for Central and Eastern Russia, will be switched on later this year. GlobalTel, a partnership led by Rostelecom, said it will market Globalstar products and services through GlobalTel's regional service providers and distribution network, as well as through GlobalTel's sales office in Moscow. Tony Navarra, Globalstar's president, said that Russia is a market with tremendous business opportunities, by virtue of its massive size and population, and its economic reliance on such vertical markets as maritime, oil and gas, mining and metallurgy, agriculture and forestry. Globalstar's Web site is at globalstar.com . Reported by Newsbytes.com, newsbytes.com . (20000807/Press Contact: Mac Jeffery, Globalstar 212-338-5383 /WIRES ONLINE, TELECOM, BUSINESS/)