NEW YORK, April 3, 2014 /PRNewswire/ -- Globalstar,
Inc. (OTCQB: GSAT) is the subject of a new analyst research report.
GSAT is a provider of mobile satellite voice and data
services in more than 120 countries. The Company's products include
mobile and fixed satellite telephones, simplex and duplex satellite
data modems and flexible service packages. GSAT customers include:
the oil and gas, mining, forestry, commercial fishing, utility,
transportation and heavy construction industries along with
government and emergency preparedness agencies and the
military.
CEO Jay Monroe appeared on CNN
recently, letting viewers know that an augmented version of its
ASD-2 system, run through the Globalstar satellite network could
have tracked Malaysian flight 370, or any plane it was installed
in, on a constant basis.
In February the company announced it filed applications with
both the NASDAQ Stock Market and the New York Stock Exchange to
list its common stock for trading. Globalstar believes it currently
meets all eligibility requirements of NYSE MKT, with the exception
of the duration period above the minimum closing share price
requirement. Both NYSE and NASDAQ are initiating reviews of the
Company's listing eligibility. GSAT was formerly traded on the
NASDAQ, but was delisted in December
2012 for not maintaining the $1.00/share price minimum.
GSAT is in a rapidly growing business with high technology
costs, not only for improved and new satellites but the gateways on
earth the satellites communicate through. Generating enough cash
flow and industry competition may be reason for concern.
A full report on GSAT that includes risk factors, industry
review, financial position, potential revenues, and review of
current business model, competition breakdown, and analyst summary,
can be viewed by using the following link:
http://bit.ly/GSAT-AnalystReport
Copy and paste link may be required
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This report may contain certain forward-looking statements and
information, as defined within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, and is subject to the Safe Harbor created by those
sections. This material contains statements about expected future
events and/or financial results that are forward-looking in nature
and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties and other
factors, which may cause the actual results, performance or
achievements of mentioned company to be materially different from
the statements made herein.
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BrokerBank Securities, Inc. is a member of the Financial
Industry Regulatory Authority, CRD number #130116.
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