latest news releases from the newsroom
Securities Lending Innovator Quadriserv, Inc. Announces Plans to Launch Centralized Securities Lending Marketplace
NEW YORK, Oct. 9, 2008 (GLOBE NEWSWIRE) -- Quadriserv, Inc. announced today that it is working with The Options Clearing Corporation ("OCC") on an agreement to operate a centralized securities lending platform. The OCC would provide clearinghouse services for all securities lending transactions submitted through Quadriserv's AQS(tm) securities lending platform, bringing market structure, transparency and efficiency to borrowers and lenders of securities.
Globalstar Singapore Satellite Gateway Now Operational
MILPITAS, Calif., Oct. 9, 2008 (GLOBE NEWSWIRE) -- Globalstar, Inc. (Nasdaq:GSAT), the world's largest provider of mobile satellite voice and data services to businesses, governments and individuals, today announced its newly completed gateway or ground station located in Singapore is now operational. The new gateway provides Globalstar satellite coverage throughout Singapore, Malaysia, and significant portions of Indonesia, and much of the surrounding maritime region including the Strait of Malacca. Singapore Telecommunications Limited (SingTel) has commenced operating the gateway located at SingTel's Seletar Satellite earth Station facility and is preparing to launch Globalstar satellite services by the end of 2008.