StratoComm Corporation (STCO) provides results of operations for 2011 to date.

StratoComm’s focus through the first half of 2011 has been toward:

  • negotiation of a meaningful collaborative/licensing agreement for the commercial application of its helium replenishment patent
  • directing business development focus to include non- commercial telecommunications applications within the defense, mining and oil industries
  • planning and presentation of its shareholder meeting
  • securing sustaining revenues

As of the writing of this release, StratoComm has progressed well toward finalization of agreement with a significant industrial company whose product line includes tethers for use by aerostat systems. More information will be provided publicly in the near term. Execution on this agreement is a meaningful step toward sustained revenues and StratoComm’s increased availability of commercial telecommunications services from its Transitional Telecommunications System.

Given the challenge of securing project financing in support of its system sales to Joint Venture Partners StratoComm has expanded its business development focus to now include defense, mining and oil industries. Each industry segment has requirements unique to its operations and in each instance serving those needs is well within the competencies of StratoComm’s core disciplines. The company is presently in discussion with interested parties in the defense and mining industries. These efforts have been supported by the presence of negotiations with its prospective industrial collaborator.

On April 27th company Chairman and CEO, Roger D. Shearer, presided over StratoComm’s initial Shareholder Meeting. The meeting was held at the Albany Marriott, located on Wolf Road, Albany, New York. Mr. Shearer fully recapped the company’s activities providing status on past business development, present status on each business development effort, financial status, regulatory status and ongoing technology development. In short, the presentation provided where the company has been, where it is, where it is headed and how it is proposed to succeed. Company financials will be available publicly in the near term and will be provided both on its website and within its filings at the Pink Sheets. The Shareholder Meeting was videotaped and that tape is presently being encoded for uploading to StratoComm’s website.

The company has continued its efforts to secure access to reliable project financing to support ongoing sales to prospective joint venture partners. Efforts continue with prospective project financing groups toward defining criteria under which StratoComm can prequalify prospective Joint Venture Partners.

StratoComm is now securely positioned to realize revenues from a combination of its expanded business development focus, near term engagement with the prospective industrial collaborator and agreement to definition of an investment criteria with one or more project financing sources.

StratoComm Corporation is a developer and provider of telecommunications infrastructure technologies with a specific focus to the delivery of ubiquitous and cost sensitive telecommunications 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 economic and social 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 are 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.

StratoComm (CE) (USOTC:STCO)
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