latest news releases from the newsroom
Globalstar Becomes the First Mobile Satellite Services Provider to Utilize Its ATC Spectrum Authority
MILPITAS, Calif., Jan. 12, 2009 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), a leading provider of mobile satellite voice and data services to businesses, governments, and individuals, today announced that Open Range Communications Inc. has closed on its equity financing of $100 million from One Equity Partners (OEP), the private equity arm of JPMorgan Chase & Co. In March 2008, the United States Department of Agriculture's Rural Development Utilities Program (RDUP) approved a $267 million Broadband Access Loan for Open Range, with the prerequisite that private financing also be secured. The OEP investment satisfies the RDUP's loan terms, making the funds available to Open Range. Open Range can now commence deploying wireless broadband service in rural America under a spectrum lease agreement with Globalstar. The Federal Communications Commission (FCC) granted the necessary authority for the Ancillary Terrestrial Component (ATC) service in October 2008.
Applied Nanoscience, Inc.
Applied Nanoscience Announces Warrant Extension and Re-Pricing
CARLSBAD, Calif., Jan. 12, 2009 (GLOBE NEWSWIRE) -- Applied Nanoscience Inc. (ANI) (Pink Sheets:APNN), a nanotechnology-based filtration development company, announced that its board of directors has extended the expiration date on all of the company's common stock purchase warrants which were due to expire on December 31, 2008 to June 30, 2009. In addition, these 6,242,874 warrants were authorized to be reduced to an exercise price of $0.10.