Globecomm Systems Awarded Service Contract Extensions from Afghan Telecom Valued at $2.1 Million.HAUPPAUGE, N.Y. -- Globecomm Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GCOM GCOM General Council on Ministries (United Methodist Church) GCOM Graphic Communications (course) GCOM Global Change Observation Mission ), a global provider of end-to-end satellite-based communications solutions, today announced that the Company's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Globecomm Network Services Corporation (GNSC GNSC Global NetOps Support Center (Defense Information Systems Agency Network Center) ) has been awarded service contract extensions from Afghan Telecom valued at $2.1 million. Afghan Telecom Corporation is the only basic telecom service provider in Afghanistan. It aims to provide superior connectivity solutions to the people of Afghanistan. Afghan Telecom has coverage in 144 cities, towns and districts of Afghanistan The provinces of Afghanistan are divided into districts ( Shahrestan). The number of districts in Afghanistan has fluctuated over the years, with new districts created by splitting or merging parts of others. Prior to 1979, there were 325 districts. , representing the largest network coverage in the region. This is made possible largely in part through their District Communications Network (DCN DCN Document Control Number DCN DLA (Defense Logistics Agency) Corporate Network DCN Disconnect DCN Direction des Constructions Navales (France) DCN Declaration Control Number DCN Data Communication Network ) and the Government Communication Network (GCN GCN Government Computer News GCN Gamecube Nintendo (gaming) GCN GIG (Global Information Grid) Computing Nodes GCN GRB Coordinates Network GCN Gospel Communications Network ), which were designed, installed and maintained by Globecomm and its partners in the region. GNSC has been providing teleport services, in support of international voice and Internet connectivity, to Afghan Telecom since the DCN and GCN went live. David Hershberg, Chief Executive Officer and Chairman of Globecomm Systems Inc., said: "Globecomm has spent considerable time and resources in the development of a multitude of capabilities to provide the Company's customers with one-stop-shopping for their network requirements. The ability to design, install, provide operations and maintenance, and the related service under one roof is best demonstrated by Globecomm's performance in Afghanistan. The Company's relationship with Afghan Telecom continues to grow and we are excited to be a part the country's telecommunication re-building efforts." About Globecomm Systems Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities. Based in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. , Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom, the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. and Afghanistan. Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which the Company urges investors to consider. These risks and other factors include, but are not limited to general and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan. |
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