ALBANY, N.Y., and EATONTOWN, N.J., April 17 /PRNewswire-FirstCall/ -- StratoComm Corporation (STCO) Chairman, Roger D. Shearer speaks to rescheduling of planned shareholder meeting.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO )
"With an eye to keeping StratoComm on track for revenue and profitability during 2009 I have decided to defer fixing a firm date for StratoComm's initial shareholder meeting, previously postponed from September of 2008" Roger D. Shearer, StratoComm CEO states. Shearer continues, "To distract management and key personnel from focused efforts to turn on initial services in Cameroon and continued market development progress, would result with unacceptable compromise to the company's move to revenue and profits for this year. "
"I clearly understand the importance and value of conducting periodic shareholder meetings for the purpose of addressing procedural matters and enabling shareholders to meet with and interact with senior management," states, Shearer. "However, foremost among my responsibilities as CEO is to guide StratoComm in the manner that I determine to be in the best interest of shareholders by prioritizing revenue, operating income and continued market and technology development. Any shareholders that care to make further inquiry or share views I welcome to contact me directly or speak with Mr. Paul Cohen, Director of Investor Relations," Shearer concludes.
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.
Company web site: http://www.stratocomm.net/
StratoComm Corporation
CONTACT: Roger D. Shearer, CEO, +1-518-608-8940 ext. 15,
info@stratocomm.net
Web Site: http://www.stratocomm.net/
