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WSGI – World Surveillance Group

WSGI, today’s New Momentum Play, ‘fighting’ for a portion of the $700 Billion national security budget; World Surveillance Group appears equipped and Ready to Rock the Security Industry!!

wsgi

 

 

Symbol                                     WSGI.OB

Current PPS                               .1435

Avg. 10day Vol.                         827.9K

Outstanding Shares                  329.9M

 

In today’s day and age, there is ongoing, increased need for security.  There is U.S. government alone has budgeted almost $700 Billion for national security.  This outrageous number does not account for the private security sector either.

World Surveillance Group Inc. (WSGI) is based in Kennedy Space Center in Florida.  WSGI designs, develops, markets, and sells autonomous lighter-than-air (LTA) unmanned aerial vehicles (UAV) worldwide.  WSGI’s products carry payloads that provide security and/or wireless communications from air to ground solutions at various altitudes. WSGI’s airships, when integrated with electronics systems and other technology payloads, are designed for use by government-related and commercial entities such as:

  • Homeland Security
  • Defense Capability
  • Intelligence & Surveillance Capabilities
  • Dispersed and Localized Release of Radiological Agents
  • First Responder Emergency Communications
  • Emergency Search, Rescue, and Recovery Operations
  • Disaster Recovery Capabilities
  • Airborne Surveillance and Radiological Survey
  • Maritime Protection

WSGI long-term objective is to provide commercial and government customers advanced seamless wireless broadband capabilities and surveillance sensor suites utilizing a state of the art High Altitude Airship technology. Some of WSGI’s products are as follows:

  • Argus One- an unmanned autonomous airship with automated control for individual body modules for flight stability and aerodynamic control
  • SkySat- a mid-altitude airship that carries payloads for longer durations
  • Stratellite – a high altitude airship

To learn more about WSGI visit: http://www.wsgi.com

Reasons why SR&R anticipates WSGI will be a successful play:

WSGI recently secured a $1.5 million contract with ‘Space Florida‘.

WSGIhas secured the financing for the potential acquisition of Global Telesat Corp.; the addition of this defense contractor and satellite tracking firm to WSGIprove to be beneficial.

WSGIis focused on providing the government with products that will maintain persistent (24/7) surveillance for strategic and tactical battlefield situations

– the U.S. military has been making large investments in the development of the critical area of  ‘Near Space’ (area between 60,000 to 120,000 ft, above terrestrial communications networks and below satellite networks); WSGI‘s fast, secure and reliable wireless communication and sensor-based products can help the U.S. military save lives and win wars.

WSGIalso has a wide variety of commercial services, such as wireless broadband, IP-TV, and telecommunications services that are in high global demand

WSGIis focused on addressing the imperfections and lowering the financial and resource costs of communications satellites, manned aircraft, tethered aerostats and heavier-than-air fixed wing unmanned aircrafts

WSGI‘s PPS appears undervalued at .1435

-Taking a look at the chart below, it does NOT take a rocket scientist to see the stock is in an UPTREND…

WSGI has some SERIOUS MOMENTUM!!

SR&R hears BREAKING NEWS may be on the way…

…all members should considering grabbing some shares

SR&R thinks WSGI is READY to ROCK @ 9:30am EST!!

 

wsgi-stock-chart

World Surveillance Group Closes Financing

9:04a ET May 5, 2011 (Market Wire)

World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles (“UAVs”) and related technologies, announced today that it has closed a financing of approximately $1.1 million. The Company plans to use the proceeds from the financing to complete the acquisition of defense contractor and satellite tracking firm Global Telesat Corp. (“GTC”) and to continue the development and testing of our Argus One UAV. The funds were raised from a group of private investors, including WSGI Chairman Michael K. Clark and WSGI’s technical partner, defense prime contractor Eastcor Engineering.

WSGIis also currently working with Space Florida, an independent special district, body politic and corporate, and subdivision of the State of Florida, to complete a financing for up to an additional $1.5 million pursuant to a commitment letter issued by Space Florida to WSGI.

This financing follows the recent $200,000 contract award from Space Florida for the creation of a Performance Data Package in connection with the flight testing of WSGI’s Argus One UAV at the U.S. Army proving ground facility in Yuma, Arizona in May/June 2011.

Chairman Michael K. Clark stated, “I am excited by the Company’s direction and our growing relationships with Space Florida and our other partners. This financing will allow us to continue to execute our strategy to grow our business, strengthen our balance sheet and increase shareholder value.”

CEO Glenn D. Estrella stated, “We appreciate the support we have received from our investors and our other partners. Yesterday’s financing, combined with the financing we hope to close with Space Florida, will enable us to accelerate the development, testing and demonstration of our Argus One UAV and to close the GTC acquisition in order to capitalize on the GTC business opportunities.”

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