NASHVILLE, Tenn., Oct. 20, 2004 (PRIMEZONE) -- Satellite Phone Source, Inc. (Pink Sheets:SPHI) today announced it has completed an agreement to form a strategic alliance with First Lehigh Capital. This alliance spearheads the launching of an innovative lease program to provide satellite communications equipment and service to municipal governments throughout North America. The program is tailored to meet the needs of all departments of every municipality, but most importantly, their school districts, and police and fire departments.
"This innovative program is another first from SPHI in the Satellite Communications Field and will be a major boost to our sales. This program will be of great benefit to small towns who are utilizing Satellite Communication Systems as an integral part of their Homeland Security Program," stated Stan Wilson, CEO.
About First Lehigh Capital
First Lehigh Capital is owned by FirstLease, Inc., a subsidiary of Firstrust Bank of Allentown, PA and has provided lease financing to government agencies since 1979, offering unparalleled flexibility and service.
About Satellite Phone Source, Inc.
Satellite Phone Source, Inc. is a leading nationwide provider of satellite telecommunications equipment to the high-growth rental market. The company offers satellite phones, satellite video phones, satellite modems, and a wide range of related accessories from vendors such as Thuraya, Iridium, Inmarsat, GlobalStar, MSAT, and others. SPS is an approved active supplier to Northrop Grumman, Cornell University, the NYC American Red Cross, the U.S. Postmaster General, and the Pentagon Federal Credit Union. For more information on Satellite Phone Source, Inc's business, visit their web sites at http://www.satellitephonesource.com/ and http://www.satellitephonerental.com/. The company is currently featured on: http://www.stockemporium.com. Satellite Phone Source, Inc. is also featured in the latest issue of an online publication. For a copy of the report, send your name and e-mail address to stocktradernews@houston.rr.com.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Satellite Phone Source, Inc. and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.