InvestorsHub Logo
Followers 481
Posts 60470
Boards Moderated 18
Alias Born 09/20/2001

Re: withlove post# 1370

Sunday, 08/19/2012 6:46:03 PM

Sunday, August 19, 2012 6:46:03 PM

Post# of 1419
So what happened to SatMax that was doing so well in Dec. 2010?

Business Development
As I am sure you are all aware, we have experienced what has become known as one of
the worst financial crises in United States history, with capital formation for developing
businesses presenting a specifically difficult challenge. SatMAX, fortunately, is
weathering the storm. During 2010, we signed on two new equipment resellers, we
expanded our growing brand recognition, and we added 3 new members - ITT Corp., the
U. S. Navy, and Lockheed Martin Corp. – to our existing marquis line of Fortune 100
customers
Moreover, thanks to our August alliance with McDonald Technologies International, Inc.
for engineering, manufacturing and support services, SatMAX now has access to worldclass
RF engineering and manufacturing capabilities, allowing us to more quickly scale
our business. McDonald has already completed an engineering package for our Alpha
EMS Portable repeater. This alliance has also had an immediate impact by providing
testing facilities for customer demonstrations, which were used when an aircraft industry
customer recently commissioned an independent engineering analysis of our satellite
repeater technology. We are happy to report that our SatMAX unit’s performance
exceeded its published specifications.



http://www.otcmarkets.com/financialReportViewer?symbol=GESI&id=41039




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.