updated 10/19/2010 7:15:40 AM ET 2010-10-19T11:15:40

COVINGTON, La., Oct. 19, 2010 (GLOBE NEWSWIRE) -- As Globalstar, Inc. (Nasdaq:GSAT) prepares for today's inaugural launch of its second-generation satellites, the company proudly announced it has refreshed its visual branding by introducing a new logo and by launching a new global website re-design. The Company's new visual identity will be implemented on the Company's global websites beginning today. Timing of the implementation coincides with Globalstar's deployment of its second-generation satellite constellation, which is also scheduled to begin later today with the launch of six new second-generation satellites. 

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8184

Globalstar's new logo and website further elevate the Company's leadership position in the mobile satellite services market while strengthening and modernizing the way the Company connects with its diverse global customer base.  Both initiatives were created by advertising agency Engine Company 1 (EC1) after consultation with various Globalstar stakeholders including global customers and employees. The new Globalstar website can be found at www.globalstar.com. 

"As an exciting and pivotal new era begins for Globalstar, we recognize we have an ideal opportunity to reinforce our commitment to our loyal and growing customer base," said Katie Schoeben, Director of Global Marketing for Globalstar, Inc.  "EC1 has delivered a modern and progressive visual brand expression of this commitment that is visually more meaningful and communicative than our previous logo and is still easy to use for both digital and online use. Development of our new singular global website design not only further demonstrates our customer commitment but it also imparts Globalstar's desire for a more unified representation across all of our global properties while still accounting for our diverse international markets. Finally the changes to our visual branding and websites are just the first in a series of marketing and product initiatives that we expect to implement as we deploy our new satellites in the coming months."

Globalstar's new logo and website are designed to support the Company's strategic goal of becoming the world's largest and preeminent provider of affordable and high quality mobile satellite voice and data services to global commercial and government customers and retail consumers.  The visual branding communicates the Company's desire to launch the world's finest satellite network in order to provide its customers with a lifeline that not only serves the efficiency and profitability of a company, but the well-being of individuals and entire communities. 

About Globalstar, Inc.

With over 400,000 subscribers, Globalstar is a leading provider of mobile satellite voice and data services. Globalstar offers these services to commercial customers and recreational consumers with coverage in more than 120 countries around the world. The Company's products include mobile and fixed satellite telephones, simplex and duplex satellite data modems, the SPOT Satellite GPS Messenger™ and flexible airtime service packages. Many land based and maritime industries benefit from Globalstar with increased productivity from remote areas beyond cellular and landline service. Global customer segments include: oil and gas, government, mining, forestry, commercial fishing, utilities, military, transportation, heavy construction, emergency preparedness, and business continuity as well as individual recreational users. Globalstar data solutions are ideal for various asset and personal tracking, data monitoring and SCADA applications. 

For more information regarding Globalstar, please visit Globalstar's web site at www.globalstar.com

The Globalstar, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8183

Safe Harbor Language for Globalstar Releases

This press release contains certain statements such as, "Finally the changes to our visual branding and websites are just the first in a series of marketing and product initiatives that we expect to implement as we deploy our new satellites in the coming months," that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including demand for our products and services, including commercial acceptance of our new Simplex products, including the SPOT Satellite GPS Messenger; problems relating to the ground-based facilities operated by us or by independent gateway operators; the pace and effects of industry consolidation; changes in technology; our ability to continue to attract and retain qualified personnel; worldwide economic, geopolitical and business conditions and risks associated with doing business on a global basis; and legal, regulatory, and tax developments, including changes in domestic and international government regulation.

Any forward-looking statements made in this press release speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and we undertake no obligation to update any such statements. Additional information on factors that could influence our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
13.79%
Cash Back Cards 17.80%
17.78%
Rewards Cards 17.18%
17.17%
Source: Bankrate.com