RESTON, Va., March 29 /PRNewswire-FirstCall/ -- TerreStar
Corporation (Nasdaq: TSTR) ("TerreStar") announced today that it
received written notification from NASDAQ on March 25, 2010 that it has regained compliance
with NASDAQ Listing Rule 5450(a)(1) as a result of TerreStar's
common stock trading above $1.00 a
share for 10 consecutive business days.
About TerreStar Corporation
TerreStar Corporation is the controlling shareholder of
TerreStar Networks Inc. and TerreStar Global Ltd. For additional
information on TerreStar Corporation, please visit the company's
website at www.terrestar.com.
Statement under the Private Securities Litigation Reform
Act:
This press release may contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act,
with respect to the strategy of TerreStar Corporation, its plans,
and the transactions described in this press release. Such
statements generally include words such as could, can, anticipate,
believe, expect, seek, pursue, proposed, potential and similar
words and terms in connection with future results. We assume no
obligation to update or supplement such forward-looking
statements.
|
Media
Contact:
|
|
|
Kelly Adams,
TerreStar Networks
|
|
|
703.483.7966
|
|
|
Kelly.Adams@terrestar.com
|
|
|
|
SOURCE TerreStar Corporation