Satellite Newspapers Corp. (fka SNWPE)

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NEWS LINK: http://www.otcbb.com/asp/quote_module.asp?qm_page=28348&symbol=SNWP

May 1, 2006 - 8:04 AM EST


Satellite Newspapers Streamlines Organizational Structure and Operations to Strengthen Revenue Streams
Satellite Newspapers Corp., (OTC BB: SNWP) has announced it has streamlined the organization and operations which should strengthen revenue streams of the publicly traded company.

The system will now focus on sales, growth, service and support of operations from the corporate level. This will give the corporation the ability to manage the brand imaging and sales more effectively. This will poise SNWP to expand sales and operations at a stronger pace than is currently being experienced.


"The streamlining of the organization is a real plus for the corporation it allows for revenue from the end consumer to flow directly into the corporation," states Jerri Palmer CEO of SNWP

About Satellite Newspapers Corp.

A U.S.-registered corporation based in Miami, Satellite Newspapers Corp. was formed to capitalize on the growing consumer demand for timely information from trusted publishers everywhere. In conjunction with over 200 different publications of leading newspapers in 60 countries, the company has developed an innovative satellite- and Internet-delivery system that prints out newspapers on demand from any location. The price to readers is minimal, typically ranging from only $2.65 to $6.50 per copy.

The Company distributes two different products through a multi-tiered distribution system of independently financed distributors. This unique distribution model accelerates growth, while minimizing risk. The two products are:

-- The Satellite Newspaper KiOSK(TM) -- An automated free-standing kiosk that enables readers to select and print leading newspapers in the newspaper's original layout within two minutes. KiOSKs are currently found throughout Europe, Asia Pacific, the South Pacific, and the Middle East.

-- The Satellite Newspaper CLiENT -- A user-friendly software application that enables users to print the latest edition of international newspapers from their own PC, either one copy at a time or in bulk.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward looking, such as statements relating to results of operations and financial condition and business development activities, as well as capital spending and financial sources. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Satellite Newspapers Corp. For more information regarding these risks and uncertainties, review Satellite Newspapers Corp. filings with the Securities and Exchange Commission at www.sec.gov.



Source: Market Wire (May 1, 2006 - 8:04 AM EST)

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