SOURCE: Sanswire

August 07, 2009 09:00 ET

Sanswire Corp. Moves to OTC Bulletin Board From Pink Sheets

FORT LAUDERDALE, FL--(Marketwire - August 7, 2009) - Sanswire Corp. (OTCBB: SNSR) (www.sanswire.com), a company that develops and produces lighter-than-air Unmanned Aerial Vehicles (UAV) designed to provide persistent surveillance for extended durations at mid and high altitudes, has commenced trading of its common stock on the OTC Bulletin Board as of today, August 7, 2009.

"The move to the OTC BB is central to our plans to grow our company and strategically increase our shareholder base," said Jonathan Leinwand, Chief Executive Officer of Sanswire. "This event changes the trading landscape for our current and prospective shareholders. The move to the Bulletin Board will help us attract a more sophisticated and broader audience of individual and institutional investors, as well as increase our financing options and transparency in the investment community. Management made a commitment to our shareholders to move off the Pink Sheets and take the steps to be traded on a recognized venue, and we are proud to have accomplished this important goal."

For more news and information on Sanswire please visit http://irgnews.com/coi/SNSR where you can find a fact sheet on the company, investor presentations, and more.

About Sanswire Corp.

Sanswire Corp. (OTCBB: SNSR) develops and provides an integrated suite of aerospace communications products and services, leveraging its relationships with leaders in UAV (Unmanned Aerial Vehicle) technologies. Sanswire Corp. is focused on the design and construction of various aerial vehicles, capable of carrying payloads that provide persistent surveillance and security solutions at various altitudes. For more information, visit www.sanswire.com.

About OTCBB

The OTC Bulletin Board® (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ® or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, ADRs, and Direct Participation Programs (DPPs). For more information visit www.otcbb.com.

Forward-Looking Statements

Certain statements in this 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. The words "forecast," "project," "intend," "expect," "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'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.

Contact Information

  • Contact:

    The Investor Relations Group
    212-825-3210

    Investor Relations:
    Rachel Olson
    Michael Crawford

    Media Relations:
    Mike Graff