SOURCE: Sanswire

November 18, 2010 09:00 ET

Sanswire Announces New Corporate Headquarters at Kennedy Space Center

Location Results From Relationships With Space Florida and Economic Development Commission of Florida's Space Coast

AVENTURA, FL--(Marketwire - November 18, 2010) - Sanswire Corp. (OTCBB: SNSR), a developer of lighter-than-air unmanned aerial vehicles (UAVs) and related technologies, today announced that it is relocating its corporate headquarters to a facility located on the grounds of the John F. Kennedy Space Center (Kennedy Space Center) effective December 1, 2010. 

"We are extremely excited to relocate our corporate headquarters to Kennedy Space Center," stated Glenn Estrella, President and CEO. "This move is an unparalleled strategic opportunity for the Company to be located next door to world renowned technological facilities and personnel. We believe our access to the resources at the Kennedy Space Center will enable us to accelerate the development and testing of our UAV airships."

"We look forward to working together with Space Florida and the Economic Development Commission of Florida's Space Coast to not only execute on our strategic goals but to have a positive economic and technological impact for the Space Coast," added Michael Clark, the Company's Chairman of the Board. "We hope to develop and expand these relationships as we continue to grow the Company's business."

"Sanswire is yet another example of an innovative company that has the potential to greatly diversify our state's aerospace economic development base," noted Space Florida President, Frank DiBello. "We look forward to supporting their efforts as they establish and grow their operations in Central Florida."

"The EDC welcomed the opportunity to assist Sanswire Corporation in locating its product development headquarters at Kennedy Space Center," said Lynda Weatherman, president & CEO of the Economic Development Commission of Florida's Space Coast. "Sanswire represents the future of the aerospace industry, developing products with near space capabilities and applications in defense and homeland security. We look forward to our continued partnership with Enterprise Florida, Space Florida, and NASA to ensure that this promising company chooses to grow on the Space Coast."

Kennedy Space Center is the U.S. government installation that manages and operates America's astronaut launch facilities and is the base for the Country's three space shuttles. The NASA field center also conducts unmanned civilian launches from adjacent Cape Canaveral Air Force Station (operated by the 45th Space Wing). Kennedy Space Center has been the launch site for every U.S. human space flight since December 1968. Its iconic Vehicle Assembly Building (VAB) is the fourth-largest structure in the world by volume and was the largest when completed in 1965.

About Sanswire Corp.

Sanswire Corp. (OTCBB: SNSR) is a developer of autonomous, lighter-than-air UAVs capable of carrying payloads that provide persistent security solutions at low, mid, and high altitudes. Sanswire's airships are designed for use by government-related and commercial entities that require real-time intelligence, surveillance, and reconnaissance support for military, homeland defense, border and maritime missions. For more information about Sanswire, please visit www.sanswire.com.

About Space Florida

Space Florida was created to strengthen Florida's position as the global leader in aerospace research, investment, exploration and commerce. As Florida's aerospace development organization, we are committed to attracting and expanding the next generation of space industry businesses. With its highly trained workforce, proven infrastructure and unparalleled record of achievement, Florida is the ideal location for aerospace businesses to thrive -- and Space Florida is the perfect partner to help them succeed. www.spaceflorida.gov.

About the Economic Development Commission of Florida's Space Coast

The Economic Development Commission of Florida's Space Coast is a private, not-for-profit coalition committed to the economic stability and growth of Brevard County, Florida. Our stakeholders are existing businesses, industries and organizations whose leaders are dedicated to maintaining a strong business environment while preserving our community's unparalleled quality of life. The core work of the EDC is to assist businesses in all relocation and/or expansion phases. This important work increases community wealth and builds stronger local economic potential for us all. We value the strategic energy and financial contributions made by our partners. This contribution allows us to work every day on a global scale to build a stronger economic future for Brevard. For more information, visit www.SpaceCoastEDC.org.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's ability to accelerate development of its airships or the benefits of relocating its corporate headquarters, the capabilities of the Company's products, the outcome of any testing of the Company's products, the Company's ability to execute its strategy and business plans or the Company's ability to have any technological or economic impact on the Space Coast. Words such as forecast, project, intend, expect, should, would, could, may, will, anticipates, believes, plans and other similar expressions and all statements which are not historical facts are considered forward-looking statements or information under applicable securities laws. These statements are based on the Company's current expectations, estimates, forecasts and projections about, among other things, the operating environment, economies and markets in which the Company operates. These forward-looking statements involve and are subject to important known and unknown risks, uncertainties, assumptions and other factors that are difficult to predict, any of which could cause 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.

For additional information with respect to risks and other factors which could occur, see the Company's Annual Report on Form 10-K, the Quarterly Reports on Form 10-Q and the other securities filings of the Company with the SEC. The Company assumes no, and hereby disclaims any, intention or obligation to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise.

Contact Information

  • For more information, please contact:
    Barbara Johnson
    Sanswire Corp.
    1.786.288.0717
    Email Contact