HOUSTON, TX--(Marketwire - March 30, 2010) - SatMAX Corporation (
Last month, SatMAX and AvStar entered into a reseller agreement. In this new Definitive Agreement, AvStar obtains exclusive U. S. marketing rights to the commercial helicopter maintenance industry for SatMAX® satellite communications repeaters and testing equipment. When the Definitive Agreement is executed, AvStar will commit to purchase 10 rack mount SatMAX® repeaters immediately and 10 more units each quarter. The agreement is estimated to be worth more than $4 million. The LOI is subject to final documentation and the approval of both corporate boards of directors.
Don Bresina, CEO of SatMAX, commented, "We are extremely excited about this early success of our recently announced marketing agreement with AvStar. As the utility and versatility of SatMAX® equipment is proven in the helicopter market, we believe that the popularity of our equipment will gain traction in new markets in the very near future. This agreement with AvStar falls within our strategy to become a leading worldwide provider of non-line-of-sight satellite communications solutions."
Mr. Bresina concluded, "We are formulating marketing strategies with marketing professionals in other industries. We believe these marketing programs will quickly drive SatMAX to a new level. The economic profits for us could be tremendous for years to come, considering the rapid worldwide growth of the satellite communications."
Wireless satellite telephone communications require a direct line of sight to the sky to create a link between the handheld satellite phone and the orbiting satellite. This communication link is interrupted when a sat-phone user steps indoors. SatMAX® repeater technology enables satellite communications users to quickly and easily make fully wireless voice and data communications from any non-line-of-sight location. Historically limited by the requirement for satellite phones to have line-of-sight access to orbiting satellites, with SatMAX® users now have the ability to access dependable and uninterrupted wireless satellite communications.
About SatMAX
SatMAX Corporation is dedicated to providing global wireless, non-line-of-sight, satellite voice and data communications links to government, military, and commercial and industrial customers. For more information, please visit http://www.echosatcom.com; view our product information video at www.angelvisiontech.com/clients/echo_satellite; or follow us on Twitter: www.twitter.com/SatMAX.
Safe Harbor Statement
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets.
Contact Information:
Contact:
SatMAX Corporation
Violet Shockley
(832) 586-8090