SOURCE: Orbital Tracking Corp.

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June 11, 2015 09:11 ET

Orbital Tracking Corp. Names Theresa Carlise as CFO

New Appointment Brings More Than 20 Years' Accounting, Finance and Capital Markets Expertise to Company's Management Team

WALNUT CREEK, CA--(Marketwired - June 11, 2015) - Orbital Tracking Corp., (OTCQB: TRKK) (the "Company"), announced today that it has named Theresa Carlise as its new Chief Financial Officer. Ms. Carlise joins Orbital Tracking Corp. from FTE Networks, a leading provider of infrastructure services for the telecommunications and wireless sector where she served as CFO and director. Carlise brings over 20 years of experience in strategic and tactical financial management with strong qualifications in all areas of accounting, financial analysis, reporting and planning gained at both publically traded and private companies.

"Throughout her successful career, Theresa has played a pivotal role in helping organizations improve their operational efficiencies, strengthen their financial and regulatory reporting process and improve their relationships with investors and the capital markets, all critical elements of our strategic growth plan for Orbital Tracking Corp.," said David Phipps, Chief Executive Officer of Orbital Tracking Corp. "We welcome Theresa to the team and look forward to working with her over the coming months as we continue to build our business throughout the United States, Europe and Asia."

Theresa Carlise said, "I'm excited by the opportunity to join Orbital Tracking Corp., a company that is poised to capitalize on the growing world-wide interest in satellite communications and tracking. With my extensive experience in industries including retail, distribution, transportation, and telecommunications, I am confident that I can contribute to the Company's further growth and expansion."

Prior to FTE Networks, Carlise served as a CEO, CFO and director of Control System & Instrumentation (CSI) Consultants, which provided information technology consulting and system design to the industrial and manufacturing sectors and as CFO and director of Las Vegas Railway Express, Inc., a developer of passenger rail transportation and related ancillary services. Theresa also served as CFO at Shearson Financial Network, Inc., and as chief financial officer, senior vice president and director at National Record Mart, Inc.

Ms. Carlise holds a Bachelor of Science in Finance from Indiana University of Pennsylvania.

About Orbital Tracking Corp.
Orbital Tracking Corp. provides satellite based tracking, services as well as mobile voice and data communications services globally via satellite to the commercial and Government users. Orbital specializes in services related to the Globalstar satellite constellation, including ground station construction, simplex tracking services and satellite telecommunications voice airtime. Orbital operates various e-commerce retail and tracking portals where users around the world can purchase satellite hardware and track assets in real-time on mobile devices or PCs. For more information regarding Orbital, please visit www.OrbitalTracking.com

Forward-Looking Statements
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of Orbital's new business and any of its products, services or solutions identified therein, the appeal of Orbital's website to potential customers, Orbital's ability to capture any portion of the global satellite retail market, the Company's or Orbital's ability to secure and/or satisfy government, commercial or other customers for any of their respective products, Orbital's ability to leverage its government-related experience, the Company's or Orbital's ability to execute on its strategies or to accomplish any of its goals or objectives, the Company's or Orbital's ability to generate new revenue streams, the ability of Orbital to get Globalstar certifications for its tracking devices, the further advancement, development or commercialization of any of the Company's or Orbital's products, the capabilities and advantages of, and costs related to, the Company's and Orbital's technology and products and services, and the suitability of any of Orbital's products or services for any particular application. 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.

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