ALBANY, N.Y., Feb. 5 /PRNewswire-FirstCall/ -- StratoComm Corporation (STCO) Chairman & CEO, Roger D. Shearer reviews fiscal 2008 in this analysis of the company's 2008 performance and prospects heading into 2009. (Logo: http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO ) "2008 was a year of solid forward movement in an atmosphere of significant market and internal challenges that tested the mettle of all committed to StratoComm's success," stated StratoComm CEO, Roger D. Shearer. "I could not be more proud of the team's performance," Shearer continued. Entering 2008 the company's primary objectives were; -- Secure revenue from executed system sales agreements. -- Launch our first stratospheric test flight. -- Complete new strategic designs and file additional intellectual property patents. -- Complete evaluation of potential domestic U.S. revenue programs. -- Position StratoComm for 2009 filing of required documentation to move to trading company shares on the OTC Market. Revenues Receipt of revenues from executed system sale agreements was delayed by a combination of timing specific to delivery of licensing and frequency authorization to StratoComm's Cameroonian partner and the damaging turn within the international financial markets. Formal delivery of licensing and frequency authorizations to Evergreen ISP Platforms occurred during late August and early September at which time the financial markets were officially in total disarray. Clearly, financial market conditions were spiraling downward for some time but resistance to that reality was prevalent throughout the industry until late summer and resulted with prospective funding sources taking step back. Resulting from this harsh reality and without confidence as to when the markets may turn positively StratoComm has since focused its sales and revenue efforts to agreements with entities that are qualified with available funds to support their purchase of StratoComm systems as well as the previously announced U.S. Domestic Rural Communications Initiative. Stratospheric Test Financial prudence dictated rescheduling the test flight to the third quarter of 2009. Intellectual Property Filings StratoComm's Development Center team has continued its efforts toward further strengthening its patent position both in support of Transitional System operation and Stratospheric System testing and performance. Additional patent filings are presently at various stages of the required process and will be announced upon receipt of formal notice. U.S. Domestic Rural Communications Initiative As shareholders are aware from past company communications StratoComm's market development focus has been to prioritize efforts toward developing countries. The primary reasons for that are two. 1. Developing countries, as a group lack communications infrastructure and in as much as StratoComm is wireless infrastructure the course to market is viewed as available and profitable and 2. For StratoComm to direct attention away from its prime objective of market development within developing countries to U.S. Domestic opportunities was viewed as too distracting. As the company progressed in refinement of its marketing activity and technical support capacity it became clear that to direct attention to U.S. Domestic opportunities would cause no compromise. Analysis of the potential domestic market revealed that StratoComm's technical and sales support to StratoComm's U.S. Domestic Initiative can be modeled after the structure that has demonstrated itself to be effective with our International efforts. Implementation of this approach is therefore possible without distraction from or compromise to our International efforts. As a direct result the company recently announced execution of its first agreement with a U.S. based communications group whose focus is to rural communications. Having completed structure of the strategic approach to the domestic opportunity StratoComm has fully implemented its programs to secure profitable domestic market share. Movement to OTC StratoComm engaged expert accountancy support to update its financials in order to return to "Current Information" status on the Pink Sheets, which is now completed. During that process the company has narrowed the choices from among which it will select an outside auditing firm to conduct the required audits to be filed along with its Form 10 for delivery to the SEC to initiate the process for approval to trade on the OTC Bulletin Board. Filing of the Form 10 was previously announced as scheduled during the first quarter of 2009 and remains on track for filing as forecasted. Summary Comment 2008 proved to be a year of significant tests and challenges largely brought upon the company by outside influences. As a result, anticipated revenues and in some instances equity funding was delayed causing disruption to the realization of certain StratoComm objectives for the year. Many significant companies, both U.S. and internationally based, failed in the face of the world wide financial decline. StratoComm is all the stronger for having met the challenges head on. In the midst of these challenges, In 2008 StratoComm realized solid progress on several fronts and is positioned for strong revenue and profitability in 2009. StratoComm Corporation is a developer and provider of telecommunications infrastructure technologies with a specific focus to the delivery of ubiquitous and cost sensitive communication services to the developing world. The company is further committed to the allocation of a portion of each system's service capacity for the provision of low cost/no cost social and economic outreach programs. Safe Harbor Disclosure - This Press Release contains or incorporates by reference "Forward-looking statements," including certain information with respect to plans and strategies of StratoComm Corporation. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including StratoComm Corporation beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to StratoComm Corporation as of such date. There are a number of important factors that could cause actual events or actual results of StratoComm Corporation and its subsidiaries to differ materially from those indicated by such forward looking statements. http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO DATASOURCE: StratoComm Corporation CONTACT: Roger D. Shearer, CEO of StratoComm Corporation, +1-518-608-8940 ext. 15, or Web Site: http://www.stratocomm.net/

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