NASHVILLE, Tenn., Oct. 5, 2004 (PRIMEZONE) -- Satellite Phone Source, Inc. (Pink Sheets:SPHI) today announced the addition of Jon Aldrich to the Board of Directors. Mr. Aldrich is affiliated with International Satellite Services, Inc. ("ISSI") based in Naples Florida. ISSI has long been a leader in providing MSAT and INMARSAT satellite services.
A strategic alliance has been established between SPS and ISSI for the purpose of broadening our product offerings to include these two satellite constellations, according to Stan Wilson, SPHI's CEO. Emphasis will be in the areas of MSAT "point to point" Dispatch Radio Communications and High Speed Data INMARSAT products and services.
"Mr. Aldrich has been a leader in promoting this part of the business segment," Wilson said. "We are eager to offer this type of service. It provides another revenue stream, along with establishing relationships with different business sectors."
About Satellite Phone Source, Inc.
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 videophones, satellite modems, and a wide range of related accessories from vendors such as Thuraya, Iridium, Inmarsat, GlobalStar, MSAT, 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. For more information on Satellite Phone Source, Inc.'s business, visit their web sites at http://www.satellitephonesource.com/ and http://www.satellitephonerental.com/.
The company is currently featured on: http://www.stockemporium.com. Satellite Phone Source, Inc. is also featured in the latest issue of an online publication. For a copy of the report, send your name and e-mail address to stocktradernews@houston.rr.com.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Satellite Phone Source, Inc and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.