Globalstar Announces Engagement With Jason Bernstein to Provide Strategic Advice on Investor Relations and Outreach

May 15, 2023 at 08:00 AM EDT

Globalstar, Inc. (NYSE American: GSAT), a leading telecom infrastructure provider, today announced that it has engaged Jason Bernstein of Asterisk Capital to provide strategic advice on the Company’s program for investor relations, which in part will include Jason coordinating non-deal roadshow meetings in select cities as discussed on Globalstar’s last earnings call.

“As many of you know, I have been very close to the Globalstar story for over a decade as an outside analyst. Globalstar’s transformation over the years has been beyond what many of us expected and I look forward to assisting the Company in delivering its story to the investment community.” Jason Bernstein said.

Rebecca Clary, Globalstar’s Chief Financial Officer, said “Jason has been a great friend of Globalstar for many years and we are very excited to move forward with him in this engagement. We are confident that he can hit the ground running and keep the investment community properly informed on the growing number of opportunities in front of us.”

About Globalstar, Inc.

Globalstar empowers its customers to connect, transmit and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s LEO satellite constellation assures secure data transmission for connecting and protecting assets, delivering key operational data, and saving lives – from any location – for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53/n53, offers carriers, cable companies, and system integrators a versatile, fully licensed channel with a growing ecosystem to improve customer wireless connectivity. In addition to SPOT GPS messengers, Globalstar offers next-generation IoT hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability.

For more information, visit www.globalstar.com.

About Asterisk Capital LLC

Asterisk Capital LLC provides corporate advisory and investment banking services. Securities and investment banking services offered through Odeon Capital Group LLC, Member FINRA/SIPC. For more information, visit www.asteriskcap.com.

Safe Harbor Language for Globalstar Releases

This press release contains certain statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Forward-looking statements, such as the statements regarding our expectations with respect to the pursuit of terrestrial spectrum authorities globally, the success of current and potential future applications for our terrestrial spectrum, future increases in our revenue and profitability, our ability to meet our obligations under, and profit from, the Service Agreements, and other statements contained in this release regarding matters that are not historical facts, involve predictions. Any forward-looking statements made in this press release are believed to be accurate as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and we undertake no obligation to update any such statements. Additional information on factors that could influence our financial results is included in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.