SOURCE: SatMAX Corporation

April 16, 2010 16:29 ET

SatMAX Updates to Current Listing on Pinksheets

HOUSTON, TX--(Marketwire - April 16, 2010) -  SatMAX Corporation (PINKSHEETS: SATM), a leading global provider of wireless, non-line-of-sight satellite communications products and services, is pleased to announce that it has upgraded its listing on PinkSheets.com to Current Listing, the highest level available for a company of comparable size and structure. This upgrade in listing status was implemented to provide expanded financial disclosure and business information available to SatMAX shareholders and potential new investors.

"Creating value for our shareholders is a high priority. Part of this value creation begins with financial transparency. We appreciate Pinksheets' recognition of our efforts in this regard," stated SatMAX CEO Don Bresina.

SatMAX holds an exclusive patent for the SatMAX® satellite communications extender, aimed at the $46 billion worldwide market for satellite ground equipment. The Satellite Industry Association reported in its 2009 State of the Industry Report that the previous year's overall revenue in the ground equipment sector grew by 34%, making it the fastest-growing satellite industry segment (www.sia.org). The SatMAX® system uniquely addresses a need for which there is no other solution -- indoor wireless use of satellite voice and data communication devices.

About SatMAX

SatMAX Corporation is dedicated to providing global wireless, non-line-of-sight, satellite voice and data communications links to government, military, and commercial and industrial customers. For more information, please visit www.echosatcom.com; view our product information video at www.angelvisiontech.com/clients/echo_satellite; or follow us on Twitter: www.twitter.com/SatMAX.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets.

Contact Information

  • Contact:
    SatMAX Corporation
    Violet Shockley
    (832) 586-8090
    Email Contact