StratoComm Corporation Shareholder Alert
StratoComm Corporation, (OTC: STCO) Albany, New York, preliminary to the public release of additional information regarding company progress and status StratoComm has elected to provide the following cautionary information and request to its shareholders.
It has come to management’s attention that a source has been contacting certain of StratoComm shareholders and various StratoComm business collaborators, relationships and prospective vendors in a manner that in management’s opinion is purposely malicious, disruptive and compromising. Such purposely disruptive conduct has long been suspected and may well date back six or seven years. As shareholders have witnessed, there have been a number of occasions when StratoComm has seemingly been on the verge of meaningful breakthrough only to see months of effort and the commitment of considerable resources inexplicably compromised. Legal counsel has encouraged management to communicate the following.
It is presently understood that contact from this malicious source is most often by telephone. The individual introduces himself as though representing daunting authority and in the course of the conversation requests that his contact is not communicated back to the company. Fortunately a number of shareholders and certain of StratoComm’s business relationships have communicated that they have been the target of such threatening communications. It is the company’s opinion that it is likely this person’s conduct is outside the scope of any reasonable authority that he may hold. It also could be argued that such activity is at minimum unethical and perhaps illegal. Most certainly this activity, which is believed to date back a number of years, has been and continues to be compromising to the interest of StratoComm Corporation and so its shareholders.
Encouragement is offered to each shareholder that may have received contact to take time to record as much information as possible regarding the timing of the contact, the name of the individual initiating contact, clearly what was stated as to whom he represents, information provided as to the purpose of the call, any request that may have been made by the individual and any comments that you may care to share. The company requests that all such information be directed to StratoComm Corporation 427 New Karner Road Albany, New York 12205 Attention R D Shearer or you may email to . An informational release speaking to company progress and status will be planned for the next few weeks.
StratoComm Corporation is a developer and provider of telecommunications infrastructure technologies with a specific focus to the delivery of ubiquitous and cost sensitive communication services to the developing world. The company is further committed to the allocation of a portion of each system’s service capacity for the provision of low cost/no cost social and economic outreach programs.
Safe Harbor Disclosure – This Press Release contains or incorporates by reference “ Forward-looking statements,” including certain information with respect to plans and strategies of StratoComm Corporation. For this purpose, any statements regarding this announcement, which are not purely historical, are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including StratoComm Corporation beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and based on information available to StratoComm Corporation as of such date. There are a number of important factors that could cause actual events or actual results of StratoComm Corporation and its subsidiaries to differ materially from those indicated by such forward looking statements.
Roger D. Shearer, CEO
518-608-8940 ext. 15