SOURCE: SatMAX Corporation

December 13, 2010 08:59 ET

SatMAX CEO Issues 2010 Letter to Stakeholders

Outlines Successes With New Orders, Strategic Initiatives, Product Development and Brand Awareness

HOUSTON, TX--(Marketwire - December 13, 2010) - SatMAX Corp. (PINKSHEETS: SATM), a leading global provider of wireless, non-line-of-sight satellite communications products and services to the $46 billion ground-based satellite communications industry, announced today the release of its 2010 Letter to Stakeholders (https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=41039).

"We are happy with the progress we have made on all fronts," said SatMAX CEO Don Bresina. "This has been a challenging economic environment and our partners have performed beautifully. Our new U.S. military and Fortune 100 customers, our new strategic partners, and our new market initiatives are gelling into what should be a banner year for SatMAX in 2011.

"SatMAX has made strategic investments in support of our customers and our markets and we are pleased to announce that we have put together a world-class team of RF engineers and equipment suppliers to provide exclusive SatMAX-patented solutions to the aviation industry. We have already successfully negotiated agreements with the U.S. Navy, SAIC, ITT Corp., and other defense contractors. This new initiative will position us as a premier satellite communications provider to aircraft and avionics manufacturers."

SatMAX® patented repeater technology enables satellite communications users to quickly and easily make fully wireless voice and data communications from any non-line-of-sight location. Historically limited by the requirement for satellite communications to have line-of-sight access to orbiting satellites, with SatMAX users now have the ability to access dependable and uninterrupted wireless satellite communications.

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. SatMAX® satellite repeaters have been tested and proven with all major branches of the U.S. military and have been purchased by several major defense contractors. SatMAX® equipment has also been used by the world's the largest, most prestigious oceanographic research institute as an integral component in identifying and quantifying global ocean warming issues. For more information, please visit http://www.echosatcom.com or view our product information video at http://www.echosatcom.com/index.php/video.

Forward-Looking Statements

Certain statements contained in this release issued by SatMAX Corporation (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

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