Globecomm Systems Signs Multiple Ethnic Broadcasting Service Contracts Utilizing the NetSat Express Video Distribution Platform
Posted on: Monday, 21 June 2004, 06:00 CDT
Globecomm Systems Inc. (NASDAQ: GCOM-News), a global provider of end-to-end satellite-based communications solutions, today announced that the Company has entered into multiple service contracts utilizing the recently launched NetSat Express direct-to-home video platform for ethnic broadcasting.
Under the terms of the contracts, the Company will provide a turnkey video distribution platform enabling Globecomm's customers to market and sell their ethnic broadcasting programming.
These are the first executed contracts supporting the deployment of the new platform. NetSat Express will fully manage the related network and back office requirements as provided under the contracts, and work closely with each of the customers in executing and scaling their business models.
Ken Miller, Chief Executive Officer of NetSat Express., said, "Globecomm has responded to market demand by providing a turnkey video platform supporting entrepreneurial initiatives by start ups, while enabling larger established customers to market and sell programming in the rapidly growing ethnic programming space. We believe that Globecomm is well positioned to respond to such demand and are currently responding to numerous inquiries surrounding the platform."
About Globecomm Systems
Globecomm Systems Inc. is an end-to-end satellite-based communications solutions provider. The Company's core business provides end-to-end value-added satellite-based communications solutions. This business supplies ground segment systems and networks for satellite-based communications, including hardware and software to support a wide range of satellite systems. Its wholly-owned subsidiary, NetSat Express, Inc., provides end-to-end satellite-based Internet solutions, including network connectivity, broadband connectivity to end users, Internet connectivity, intranet extension, media distribution and other network services on a global basis. Both Globecomm Systems' and NetSat Express' customers include communication service providers, multinational corporations, Internet Service Providers, content providers and government entities.
Based in Hauppauge, New York, Globecomm Systems also maintains offices in Hong Kong, the United Kingdom and the United Arab Emirates. -0- *T For more information contact: David Hershberg: Chairman and Chief Executive Officer 631-231-9800, Globecomm Systems Inc. Matthew Byron: Investor Relations 631-457-1301, Globecomm Systems Inc. For more information on the service offering contact: Jeremy Morrison: Director of Business Development 631-457-1237, Globecomm Systems Inc. Email: skyborne@globecommsystems.com Globecomm Systems Inc., 45 Oser Avenue, Hauppauge, NY 11788-3816, USA. Telephone: 631-231-9800, FAX: 631 231-1557 Email: ir@globecommsystems.com; Web: www.globecommsystems.com. *T
Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Reports on Form 10-K and its Quarterly Reports on Form 10-Q, which the Company urges investors to consider.
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