SOURCE: World Surveillance Group Inc.

World Surveillance Group Inc.

World Surveillance Group Inc.

November 26, 2013 09:00 ET

Lighter Than Air Systems Enters Into Distributor Agreement With U.S. Government Prime Contractor ADS, Inc.

ADS, Inc. to Distribute Blimp in a Box Aerostat Systems and Related Sustainment Equipment

KENNEDY SPACE CENTER, FL--(Marketwired - Nov 26, 2013) -  Lighter Than Air Systems Corp. ("LTAS"), a wholly owned subsidiary of World Surveillance Group Inc. (OTCQB: WSGI), a developer of lighter-than-air aerostats and unmanned aerial systems, has entered into a distributor agreement with U.S. Government prime contractor ADS, Inc. ("ADS") to distribute Blimp in a Box™ aerostat systems ("BiB") and related sustainment equipment. 

ADS is in the business of selling operational and tactical equipment to or for use by customers such as the United States Government and its various agencies and departments and other non commercial customers. ADS customers include the U.S. military, Federal agencies, defense contractors, law enforcement & public safety, fire & emergency services, and foreign military and governments.

LTAS developed and manufactures the BiB aerostat product line. The BiBs are intended to provide semi-persistent, mobile intelligence, surveillance, and reconnaissance ("ISR") for various applications. Each BiB system can provide low cost, mobile ISR for days, weeks or months with the BiB only requiring a 15 minute recovery and re-launch between top-off every 24-36 hours.

WSGI President and CEO, Glenn D. Estrella, stated, "We look forward to working with one of the premier Government procurement organizations in introducing the BiB to their diversified domestic and global customer base. This agreement is an excellent opportunity for our Company by enabling current and potential customers to efficiently procure our products and services and is another logical step in executing our strategic plan."

Contact your ADS Representative for information on how you can procure Blimp in a Box aerostat systems and related equipment.

For more information about WSGI and LTAS, please visit http://www.wsgi.com and www.ltascorp.com.

About World Surveillance Group Inc.

World Surveillance Group Inc. (WSGI) designs, develops, markets and sells autonomous, lighter-than-air advanced aerostats and UAS capable of carrying payloads that provide persistent intelligence, surveillance and reconnaissance ("ISR"), security and/or wireless communications solutions at low and mid altitudes. WSGI's aerial assets are designed for integration with electronics systems and other high technology payloads for use by government-related and commercial entities that require real-time ISR or communications support for military, homeland defense, border control, drug interdiction, natural disaster relief, maritime and environmental missions. For more information regarding WSGI, please visit www.wsgi.com, or view our reports and filings with the Securities and Exchange Commission on http://www.sec.gov.

About Lighter Than Air Systems Corp.

Lighter Than Air Systems Corp. (LTAS), a wholly owned subsidiary of World Surveillance Group Inc (WSGI) provides critical aerial and land based surveillance and communications solutions to Government and commercial customers. LTAS systems are designed and developed in-house utilizing proprietary technologies and processes that result in compact, rapidly deployable aerostat solutions and mast based systems that have been proven to fulfill critical requirements by the military and law enforcement in the U.S. and to our allies around the world.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements. These statements include those regarding WSGI's or LTAS' relationships with ADS or any customer and our ability to continue and/or expand such relationships, our ability to effectively introduce the BiBs to any group of potential customers, the suitability of the LTAS aerostat systems or components for any particular application, the ability of the LTAS aerostat systems or components to satisfy customer demands or requirements or meet any specific challenges, the ability of the LTAS aerostat systems or components to function in accordance with their design expectations, the capabilities, characteristics and advantages of, and costs related to, the LTAS aerostat systems or components or WSGI's other technology, products and services, the further advancement, development or commercialization of any of LTAS' or WSGI's products, the ability of WSGI or LTAS to secure further business with the DoD or other new customers or grow revenues, and the ability of WSGI to execute on its strategies or plans or to accomplish any of its goals or objectives. The words "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.