Acquiring Minds Wish To Know… Globalstar…

Globalstar, Inc. [Nasdaq:GSAT] has received the necessary Agencia Nacional de Telecomunicacoes (ANATEL) regulatory approval for its agreement to purchase the Globalstar independent gateway operator in Brazil from Loral Space & Communications Inc. and various affiliated entities. The acquisition will pave the way for Globalstar to immediately expand its Simplex data coverage in South America. Plus the company will be able to engage in future discussions with potential partners to provide ancillary terrestrial component or ATC-type services in Brazil. Before closing the transaction, Globalstar must have on file an effective registration statement for the shares of Globalstar stock to be issued as consideration for the acquisition. Globalstar expects that the registration statement will be made effective in March, 2008. Once the acquisition is completed Globalstar will begin managing the Brazilian satellite business plus the three satellite gateway ground stations located in the country. Globalstar has commenced the process of installing Simplex data hardware upgrades at the satellite gateway located in Petrolina, Brazil. The Globalstar Simplex data offering is a low cost, one-way satellite data service that permits customers to use Simplex data modems and integrated back office management solutions to track mobile assets. A Globalstar subsidiary will own and operate the Brazilian gateways, which, along with the Globalstar satellite constellation, will provide mobile satellite voice and data services to all of Brazil as well as hundreds of kilometers off the country’s east coast in the Atlantic maritime region—Milpitas, California