The SatMAX System creates a satellite communications "hotspot" that enables fully wireless coverage for multiple concurrent users in any non-line-of-sight environment. With the SatMAX System, users of the Iridium satellite network can now use their existing satellite telephones or data terminals to make multiple concurrent calls within SatMAX-enabled "hotspot" areas from anywhere on Earth. 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. Known for our ability to design, implement and commercialize satellite communications technology solutions, SatMAX Corporation has a full array of wireless, non-line-of-sight communications solutions to offer to military, governmental, first responder, and industrial users for whom communication is not optional, it is critical. For more information, please visit www.echosatcom.com; or view or information video at www.angelvisiontech.com/clients/echo_satellite.
Separately, the company announced that, due to the current price of oil, it has suspended the previously announce letter of intent to acquire Xeric Oil & Gas, Inc., pending price recovery.
Certain statements contained in this release issued by SatMAX Corporation (the "Company"), formerly Echo Satellite Communications, Inc., that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
SatMAX Corporation
Don Bresina, 281-340-5710
info@echosatcom.com