SOURCE: World Surveillance Group Inc.

World Surveillance Group Inc.

January 08, 2015 09:30 ET

World Surveillance Group Subsidiary Appoints Dennis DeMolet President of Global Telesat

Military Veteran to Provide New Leadership for GTC

KENNEDY SPACE CENTER, FL--(Marketwired - Jan 8, 2015) -  World Surveillance Group Inc. (OTC PINK: WSGI), a developer of lighter-than-air unmanned aerial systems and provider of satellite communications services, has announced that its wholly owned subsidiary Global Telesat Corp. (the "Company") has appointed Dennis DeMolet as President of the Company and a member of the Board of Directors effective immediately. Mr. DeMolet, a retired member of the United States Marine Corp., is an experienced business owner and a leading expert on small business and veterans' business affairs. He is a member of the Regional Board of Directors for National Military Intelligence Association International, is a member of the Board of Directors of VETFORCE, and was formerly the Chairman US SBA Veterans Business Advisory Committee.

Mr. DeMolet has over three decades of business experience within Fortune 100 companies such as Digital Equipment Corporation, Hughes Aircraft, Panasonic Computer Corporation and Raytheon Corporation. Mr. DeMolet has been selected Ohio's most outstanding disabled veteran and had received many awards and accolades from various groups including the Armed Forces Communications and Electronics Association, the Veterans Administration Center and the US Small Business Administration. Most recently Mr. DeMolet received the John Lopez National Pillar of the Movement Award for Service to Veteran Businesses in recognition of his lifetime accomplishments.

Glenn D. Estrella, President and CEO of World Surveillance Group, stated "On behalf of our subsidiary Global Telesat, we are all extremely excited to welcome Dennis to the GTC/WSGI team. He brings enthusiasm, business experience and broad contacts throughout the military, veteran and government agencies that we hope to leverage to expand GTC's satellite communications and tracking business. Following WSGI's recent deal, we intend to focus both on the growth of GTC's business and we believe we have taken the first step towards this goal with the appointment of Mr. DeMolet, but also on the advancement of the development of our Argus One airship in concert with the Ohio Lighter Than Air UAS Consortium, of which WSGI was a founding member."

Dennis DeMolet, President of Global Telesat, stated "I look forward to actively working with the GTC/WSGI team and those at Trident Aerial Recon responsible for day to day operations at GTC. Our goal is to expand Global Telesat's satellite communications and tracking business by directly accessing and leveraging my broad contacts in government agencies, defense and veterans networks, not only through website, Amazon and EBay store sales. We intend to be proactive in our selling efforts to expand GTC's customer base and its satellite tracking business."

For additional information about Global Telesat Corp., please visit www.gtc-usa.com.

About Global Telesat Corp.

GTC provides mobile voice and data communications services, including satellite telecommunications voice airtime, tracking devices and services, globally via satellite to the U.S. government, defense industry and commercial users. GTC has an e-commerce mobile satellite solutions portal, as well as Amazon and Ebay stores and is a reseller of satellite telecommunications equipment and services offered by other leading satellite network providers such as Inmarsat, Iridium, Globalstar and Thuraya. GTC has a subscription based online tracking portal called GTCTrack, designed to attract new satellite and GSM tracking customers by offering an easy-to-use interface and compatibility with a wide range of devices. GTC's equipment is installed in various ground stations across Africa, Asia, Australia, Europe and South America.

About World Surveillance Group Inc.

World Surveillance Group Inc. (WSGI) designs and develops lighter-than-air advanced UAS capable of carrying payloads that provide semi-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.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements. These statements include those regarding: the ability of GTC to leverage the contacts of their new President; the ability of GTC to expand its business in the US or otherwise; the ability of GTC to expand its business through its website, Amazon or Ebay stores, or its satellite tracking business through GTC Track; the ability of GTC to expand its customer base and increase revenues; the ability of GTC to proactively increase their selling efforts to generate additional revenues and business; the ability of the Consortium members to further develop and/or commercialize the Argus One, the suitability of any WSGI/Company product for any particular application, the ability of any WSGI/Company product to satisfy customer demands or requirements or meet any specific challenges, the ability of the Argus One to function in accordance with its design expectations, the further advancement, development or commercialization of the any WSGI/Company products, the capabilities, characteristics and advantages of, and costs related to, WSGI/Company technology, products and services, and the ability of the WSGI/Company to execute on their strategies or to accomplish any of their 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.