StratoComm to Collaborate With Kron Finance and Investments, Ltd.

ALBANY, N.Y., EATONTOWN, N.J. and ACCRA, Ghana, June 24
 /PRNewswire-FirstCall/ -- StratoComm Corporation (STCO) has executed agreement with Kron Finance and Investments, Ltd., an investment and business development company with offices in Accra, Ghana and London, England.

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Kron is an established finance and investment group capable of providing access to critical funds in support of StratoComm system sales and ongoing operations. 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.

"Having a fulltime operating base in Africa greatly enhances StratoComm's market development efforts throughout the Continent," said StratoComm, CEO Roger D. Shearer. Shearer continued, "StratoComm has been challenged by the state of the world's financial markets, as many companies have, and to now be able to align our efforts with a well established funding and business development source that shares a vested interest in our success I believe lays a liberating cornerstone for our ongoing efforts within Africa and throughout the world."

Mr. R. Kwame Nartey, CEO and Founder of Kron states, "I believe that execution of the working agreement between Kron and StratoComm establishes a foundation that will enable our companies to explore the enormous telecommunications opportunities that exist throughout sub-Saharan Africa. For us at Kron the signing of this agreement is a significant milestone development which shall make it possible for Kron to tap into the growing African telecommunications sector."

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.

Kron Finance & Investment, Ltd. is a company formed in 1999 that provides complete and comprehensive specialized advisory services in project/business development; project/business finance arrangement, environmental and social assessment services and complete human capital sourcing and management, for the benefit of its clients in the public and private sectors of Ghana and the other West African countries. The Company has its headquarters based in Accra in Ghana with two representative offices in London, the United Kingdom and Johannesburg, South Africa.

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. 

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DATASOURCE: StratoComm Corporation



CONTACT:  Roger D. Shearer, CEO StratoComm Corporation, [phone],

ext. 15, , Company web site: http://www.stratocomm.net/



Web Site:  http://www.stratocomm.net/ 

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