STCO StratoComm Corporation featured news, full reports, and detailed charts
StratoComm Corporation (STCO/STCO.PK) Wrap Up:
StratoComm Corporation engages in the development and provision of telecommunications infrastructure technologies worldwide. It offers transitional telecommunications system, a wireless telecommunications system that would provide various real-time and non-real-time multimedia services and applications, including voice over Internet protocol (IP); Web browsing/news groups/e-mail; tele-medicine/distance learning; videoconferencing, video telephony, and audio conferencing; tele-shopping/tele-banking; interactive gaming; collaborative working; push applications; IP multicast streaming; IPTV with distributed interactive television; video broadcasting on demand; virtual private networking; and LAN interconnection. The company also provides solar-powered lighter-than-air vehicle that operates over rural or metropolitan areas, which delivers mobile, broadband, narrowband, and fiber optic speed wireless backbone telecommunication services. In addition, it offers stratospheric telecommunications system that delivers various services, such as voice, broadband, and broadcast. The company was formerly known as US/Africa Ventures, Inc. and changed its name to StratoComm Corporation. StratoComm Corporation was founded in 1992 and is headquartered in Albany, New York.StratoComm Corporation (STCO:OTC)
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Market Cap
5.5M
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Total Revenue
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EBITDA
2.0M
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DILUTED EPS TTM
-0.02
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P/E
--
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P/S
--
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Return On Asset
-522.81
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Return On Equity
135.82
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STCO Top Compensated Officers
Executives, Board Directors
Key developments for StratoComm Corporation (STCO)
StratoComm Corporation has executed agreement with Kron Finance and Investments Ltd., an investment and business development company with offices in Accra, Ghana and London, England. Under its agreement with StratoComm, Kron will function as a market development collaborator with StratoComm for the promotion of its technologies, work with StratoComm to structure and incorporate its African based business entity, assist in the coordination and training of personnel, maintain oversight responsibility for StratoComm's business interest in Ghana, Angola, South Africa and additional sub-Saharan countries. Kron will also source funds to support StratoComm's system sales and deployment of a demonstrator Transitional Telecommunications System in Ghana. Under the defining agreement StratoComm will establish an African operating base in Accra, Ghana to support its market development collaboration with Kron. StratoComm and Kron will work jointly to identify and train qualified technical and sales personnel from the local population.
StratoComm Corporation is making final preparation for a team of its engineers to depart for Douala, Cameroon which is the location for installation of StratoComm's first commercial wireless telecommunications system. During April the company fully equipped its wireless telecommunications testing lab located at its Development Center in Eatontown, New Jersey. This allows equipment and software configurations to be verified prior to delivery and initial turn on of services in the Cameroonian city of Douala. Douala is a port city with a population of approximately 2,000,000.
COTO Communications LLC and StratoComm Corporation have entered into a joint venture to provide internet access and telephone services to underserved communities in the US. Both the partners are based in the US.
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Industry Analysis
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More Recent News About StratoComm Corporation
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StratoComm Corporation Shareholder Advisory
ALBANY, N.Y., and EATONTOWN, N.J., Sept. 10 /PRNewswire-FirstCall/ --StratoComm Corporation (STCO) Chairman & CEO Roger D. Shearer provides this corporate status overview. (Logo: http://www.newscom.com/cgi-bin/prnh/20071024/NYW094LOGO )"2009 to date has presented considerable challenges and opportunities. The challenges result from the slow pace toward recovery of the financial and credit markets which directly impact receipt of contracted revenues and the opportunities result from the persistent efforts of StratoComm's dedicated engineering and marketing management team " states Roger D. Shearer. Shearer continues, "A primary impact of the challenges that have confronted the company this year has been the accumulation of meaningful transactions that remain as potential contributors to StratoComm's likely move to substantial revenues yet in 2009."CameroonTurn on of the interim system in Cameroon has been challenged by logistical issues that relate to coordination of access to supportive funds and access to required connections on site in Douala. At present most of these issues have been handled. There has been much speculation as to the cause for delay and it results with issues that are not unknown even here in the U.S.A. and most developed countries. It is presently anticipated that remaining requirements will be satisfied shortly which will enable travel to Douala of StratoComm's engineering team in the near term to accomplish system turn on.Kron Finance & Investment, Ltd.To reiterate, StratoComm's agreement with Kron is focused to two primary areas, 1. A col...Click here to read the whole Article (external link)