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SatMAX Receives 2nd U.S. Navy Purchase Order
Order Represents Important Validation of SatMAX Technology

Companies:SatMAX Corp.
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Press Release Source: SatMAX Corporation On Monday March 1, 2010, 9:00 am
HOUSTON, TX--(Marketwire - 03/01/10) - SatMAX Corporation (Pinksheets:SATM - News), a leading global provider of wireless, non-line-of-sight satellite communications products and services announced today that it has received its second order from the U. S. Navy for a SatMAX� satellite communications repeater system. The new hangar-installed satellite data communications repeater will be located at the Naval Air Warfare Center (NAWC) in Patuxent River, MD.

The SatMAX� equipment will be used at NAWC to test Iridium-based communications and avionics. With this order, the Navy has expanded the usage of SatMAX� repeaters from voice communications over handheld satellite telephones to data transfer and testing of aircraft avionics. The SatMAX� repeater allows aircraft maintenance teams to discontinue towing aircraft from hangars to establish a line of sight to communications satellites in order to test satellite-based aircraft avionics systems. The Navy intends to use the NAWC installation as a prototype bringing cost reducing, patented SatMAX technology to advanced aircraft maintenance strategies.

Unlike direct satellite communications links, the patented SatMAX repeater system overcomes signal negation from structures and the need to locate in a directional area to communicate with orbiting satellites. "NAWC's creative use of our SatMAX� system, and its patent-protected application possibilities for military, commercial, and general aviation uses, opens an attractive market opportunity for our company," said Don Bresina, CEO of SatMAX Corporation. "Their unique application of our technology will allow for non-line-of-sight testing of Naval aircraft avionics. The fact that this is the Navy's second SatMAX� order is a testament to the dependable, innovative SatMAX� technology. We are looking forward to a long relationship with the Navy. Recently, SatMAX Corp. completed an installation of SatMAX� equipment for the Electronic Warfare Group at ITT Corp. This new order form the Navy represents another important validation and new application of the SatMAX� technology."

SatMAX� repeater technology enables satellite communications users to quickly and easily make fully wireless voice and data communications from any non-line-of-sight location. Historically limited by the requirement for satellite phones to have line-of-sight access to orbiting satellites, with SatMAX users now have the ability to access dependable and uninterrupted wireless satellite communications.

About SatMAX

SatMAX Corporation is dedicated to providing global wireless, non-line-of-sight, satellite voice and data communications links to government, military, and commercial and industrial customers. SatMAX� satellite repeaters have been tested and proven with all major branches of the U. S. Military and have been purchased by several major defense contractors. SatMAX� equipment has also been used by the world's largest, most prestigious oceanographic research institute as an integral component in identifying and quantifying global ocean warming issues. For more information, please visit SatMAX or view our product information video at SatMAX Video.

Forward-Looking Statements

Certain statements contained in this release issued by SatMAX Corporation (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

[Jonathan Devine]

SOURCE: SatMAX Corporation


Mar 03, 2010 09:00 ETSatMAX Exceeds Restructuring Commitment; Eliminates $1.4 Million in Corporate Debt
HOUSTON, TX--(Marketwire - March 3, 2010) - SatMAX (PINKSHEETS: SATM), a leading global provider of wireless, non-line of sight, satellite communications equipment, announced today it has exceeded its commitment to shareholders by eliminating a total of $1.4 million in debt. SatMAX not only restructured $800,000 worth of debt which the company originally acquired since its inception, but also eliminated an additional $600,000 more than originally planned. The substantial reduction completes a commitment the company made in a January 2010 press release when it initially announced it would eliminate and restructure approximately $800,000 of debt.

"This is a critical step in strengthening our business since it relieves a significant burden of debt while giving us an effective capital structure which allows us to achieve our true growth potential," said Don Bresina, CEO of SatMAX Corporation. "Operationally speaking, we are making outstanding progress as demonstrated by recent GSA approved reseller agreements with Houston-based TLC Engineering. TLC has serviced a variety of government clients and opens up a Gulf Coast Customer base of disaster recovery workers to SatMAX equipment and services. Also, we have now completed two orders for both ITT, a Fortune 500 company with over $10 billion in annual revenue, and defense giant, the U.S. Navy. We are showcasing exciting new technological applications as well and feel we are uniquely positioned to rapidly expand worldwide in 2010."