StratoComm Corporation Shareholder Alert
April 11 2012 - 11:52AM
StratoComm Corporation, (OTC:STCO) Albany, New York, preliminary to
the public release of additional information regarding company
progress and status StratoComm has elected to provide the following
cautionary information and request to its shareholders.
It has come to management's attention that a source has been
contacting certain of StratoComm shareholders and various
StratoComm business collaborators, relationships and prospective
vendors in a manner that in management's opinion is purposely
malicious, disruptive and compromising. Such purposely disruptive
conduct has long been suspected and may well date back six or seven
years. As shareholders have witnessed, there have been a number of
occasions when StratoComm has seemingly been on the verge of
meaningful breakthrough only to see months of effort and the
commitment of considerable resources inexplicably compromised.
Legal counsel has encouraged management to communicate the
following.
It is presently understood that contact from this malicious
source is most often by telephone. The individual introduces
himself as though representing daunting authority and in the course
of the conversation requests that his contact is not communicated
back to the company. Fortunately a number of shareholders and
certain of StratoComm's business relationships have communicated
that they have been the target of such threatening communications.
It is the company's opinion that it is likely this person's conduct
is outside the scope of any reasonable authority that he may hold.
It also could be argued that such activity is at minimum unethical
and perhaps illegal. Most certainly this activity, which is
believed to date back a number of years, has been and continues to
be compromising to the interest of StratoComm Corporation and so
its shareholders.
Encouragement is offered to each shareholder that may have
received contact to take time to record as much information as
possible regarding the timing of the contact, the name of the
individual initiating contact, clearly what was stated as to whom
he represents, information provided as to the purpose of the call,
any request that may have been made by the individual and any
comments that you may care to share. The company requests that all
such information be directed to StratoComm Corporation 427 New
Karner Road Albany, New York 12205 Attention R D Shearer or you may
email to rshearer@stratocomm.net. An informational release speaking
to company progress and status will be planned for the next few
weeks.
StratoComm Corporation is a developer and provider of
telecommunications infrastructure technologies with a specific
focus to the delivery of ubiquitous and cost sensitive
communication services to the developing world. The company is
further committed to the allocation of a portion of each system's
service capacity for the provision of low cost/no cost social and
economic outreach programs.
Safe Harbor Disclosure – This Press Release
contains or incorporates by reference " Forward-looking
statements," including certain information with respect to plans
and strategies of StratoComm Corporation. For this purpose, any
statements regarding this announcement, which are not purely
historical, are forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995, including
StratoComm Corporation beliefs, expectations, hopes or intentions
regarding the future. All forward-looking statements are made as of
the date hereof and based on information available to StratoComm
Corporation as of such date. There are a number of important
factors that could cause actual events or actual results of
StratoComm Corporation and its subsidiaries to differ materially
from those indicated by such forward looking statements.
This information was brought to you by Cision
http://www.cisionwire.com
http://www.cisionwire.com/stratocomm-corporation/r/stratocomm-corporation-shareholder-alert,c9245313
CONTACT: StratoComm Corporation
Roger D. Shearer, CEO
518-608-8940 ext. 15
Email: rshearer@stratocomm.net
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