Globalstar, Inc.(OTCMKTS:GSAT) Reaches For Listing On NASDAQ & NYSE


Dallas, Texas 02/25/2014 (FINANCIALSTRENDS) – Globalstar, Inc.(OTCMKTS:GSAT) is the Covington, LA company which has established service sector in the delivery of mobile voice as well as data communications. This will be possible through the satellite services.

The company has in its press release Feb 25, 2014, reported that has applied for listing on the NASDAQ as well as the New York Stock Exchange , where it will list its common stock for trading. However, the company will decide on which browser it will list on, after it has reviewed and finalized the application processes. Apparently, the company is inclined towards the NYSE stands as it feels it matches all regulatory requirements. According to the chairman and CEO of Global Star, who feels that the company is eligible on both the browsers and would also satisfy investor demand for trading and market visibility.

Globalstar, Inc.(OTCMKTS:GSAT) satellite communication business, provides mobile communication which are critical to the company’s business. The company is known to offer both personal as well as recreation seeking audiences. The consumer distribution for this prolific service provider includes such as the government as well as disaster management service providers, relief providers besides public safety organizations. The company has provided a range of services which will include those which are transport as well as utilities providers.

Globalstar, Inc.(OTCMKTS:GSAT) typically uses over 36 in-orbit satellites to provide the service. It also uses over 24 active ground stations which also increase the service this company provides.

Globalstar, Inc.(OTCMKTS:GSAT) is known to offer services to over 486, 00 subscribers. The past year the company is also believed to have moved to offer services using the GPS messaging system and the global positioning system, using its SPOT connect. The company no longer offers its older products- SPOT Communicator as well as the SPOT HUG.

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