Press Releases  GLOBALSTAR FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING OF COMMON STOCK MILPITAS, CA., July 18 2006 - Globalstar, Inc. announced today it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of shares of its common stock. Globalstar intends to use the net proceeds of the offering, together with the proceeds under its credit facility, the issuance of its common stock under its irrevocable standby stock purchase agreement with its controlling stockholder and cash generated by its business, to fund the procurement and launch of its second-generation satellite constellation, upgrades to its gateways and other ground facilities, and the launch of eight spare satellites to augment its current constellation, as well as for general corporate purposes. The number of shares to be offered and the price range for the offering have not been determined. The offering will be made only by means of a prospectus. Once available, a copy of the prospectus may be obtained from Wachovia Capital Markets, LLC, which is a book running manager, for the offering. Wachovia may be contacted at Wachovia Capital Markets, LLC, 375 Park Avenue, NY 10152 or via email at equity.syndicate@wachovia.com A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Globalstar, Inc. Globalstar offers satellite services to commercial and recreational users in more than 120 countries. The company's voice and data products include mobile and fixed satellite telephones, simplex and duplex satellite data modems and flexible service packages. The company has a diverse base of customers from the government, public safety and disaster relief, recreation and personal, maritime and commercial fishing, business continuity, financial and insurance, natural resource, mining, forestry, oil and gas, construction, utilities, and transportation sectors. For media information, please contact: Globalstar, Inc. Dean Hirasawa (408) 933-4006 dean.hirasawa@globalstar.com Copyright© 2010 Globalstar. All rights reserved.