General European Strategic Invt's Inc (GESI)

[stocksamongus]

News yesterday after the close..

SatMAX Corporation Restructures Debt in Anticipation of Global Expansion
Balance Sheet Debt Would Be Reduced

.Companies:Satmax Corp..Press Release Source: SatMAX Corporation On Tuesday January 5, 2010, 4:43 pm EST
HOUSTON, TX--(Marketwire - 01/05/10) - SatMAX Corp. (Pinksheets:SATM - News), a leading global provider of wireless, non-line-of-sight satellite communications products and services to the $46 billion ground-based satellite communications industry, announced today that it has developed a financing plan for 2010 that restructures and eliminates approximately $800,000.00 in debt the company has acquired since its inception. The successful conclusion of this restructuring would significantly improve the company's balance sheet and should enable to company to strike more favorable terms with vendors and suppliers.

The year 2009 was important for SatMAX. The company negotiated deals with big names in the defense industry, government entities and important resellers. Some heavy hitters of 2009 include: completing two equipment deliveries to ITT for satellite installations and equipment; and the year-end signing of an agreement with SBA 8(a) certified TLC Engineering, allowing for SatMAX equipment to be introduced to Federal agencies and emergency response teams in the Houston/Gulf Coast region. The acquisition of these high profile partners is designed to lead to an increase in consumer awareness overall of SatMAX products.

SatMAX? is an advanced communications system that enables users to quickly and easily make fully wireless, satellite voice and data communications available from any non-line-of-sight location. With SatMAX?, customers have the ability to access dependable and uninterrupted satellite communication from indoor locations. Available as both fixed and mobile units, SatMAX? creates a satellite communications "hotspot," allowing maximum flexibility by enabling multiple callers to use Iridium-based satellite phones in both indoor and outdoor settings.