NASHVILLE, Sept. 28, 2004 (PRIMEZONE) -- Satellite Phone Source, Inc. (Pink Sheets:SPHI) today unveiled a plan to become the largest provider of satellite telephone service in the United States in 2005.
Specifically, SPHI hopes to become the largest seller and renter of "Sat-phones" in the U.S., offering the largest "fleet" of instruments on the planet, according to Stan Wilson, CEO.
To achieve the leadership position, SPHI is negotiating favorable supply arrangements designed to enable the company to double its inventory.
"The satellite phone can communicate via voice, e-mail or data from anywhere to anywhere on the globe without restriction," Wilson said, "and that's why we believe it is the only truly global communications system, and destined to lead a revolution in the evolvement of the telephone."
SPHI has, for the past year, been preparing for the pending surge forward in the industry. The firm already leads in "Sat-phone" rentals and financing. Individuals can rent a phone with full service for under $30 a month.
Financing is a specialty of the firm, according to Wilson. "Hardly anyone else does it," he said. "But we are eager to offer the service. It provides another revenue stream. We even have our own leasing company."
The CEO predicted 2005 sales of over $1 million. Current customers include a major aerospace firm, a top eastern university, a well-known emergency service organization plus U.S. government agencies.
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Satellite Phone Source, Inc. is a leading nationwide provider of satellite telecommunications equipment to the high-growth rental market. The company offers satellite phones, satellite video phones, satellite modems, and a wide range of related accessories from vendors such as Thuraya, Iridium, Inmarsat, GlobalStar, Mobile Satellite Ventures, and others. SPS is an approved active supplier to Northrop Grumman, Cornell University, the NYC American Red Cross, the US Postmaster General, and the Pentagon Federal Credit Union.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.