Globalsat Group Announces Appointment of Arturo M. Blanco as Chief Financial Officer

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Globalsat Group LLC is pleased to announce that, effective immediately, it has appointed Mr. Arturo M. Blanco, CPA, as the Chief Financial Officer of the Company.

Arturo M. Blanco

Globalsat Group's success lies in the unique handling of mission-critical telecommunications among diverse clients; we will now go beyond our already excellent levels of service and make the company even more efficient and profitable.

Globalsat Group LLC is pleased to announce that, effective immediately, it has appointed Mr. Arturo M. Blanco, CPA, as the Chief Financial Officer of the Company. The company's staff welcomes Mr. Blanco to the management team of the Company in the US, which oversees operations in all 7 countries where Globalsat Group has local affiliates.

According to CEO J. Alberto Palacios, “although we already run a modern organizational structure, under the expert hand of our new CFO we will be able to streamline operations, increase productivity and maximize return on investment by standardizing and integrating processes and, especially, use predictive analytics to better respond to our diverse client base”.

Mr. Blanco adds that “there is an increasing amount of business being done in Latin America which requires meeting a special set of challenges, involving organizational, financial, regulatory and human factors. I have successfully met this kind of scenario before and look forward to doing it again, this time working with a bold group of people to meet the special needs of clients which cannot wait for slow processes or suffer service outages. Globalsat Group's success lies in the unique handling of mission-critical telecommunications among diverse clients; we will now go beyond our already excellent levels of service and make the company even more efficient and profitable.”

The new CFO’s extensive expertise in multi-entity business scenarios will be of particularly high value to the Globalsat Group, currently comprised of seven companies operating out of seven countries in the Latin American region, with plans on expanding to other territories in the near future. Mr. Blanco's extensive financial management background is uniquely suited to Globalsat Group's multi-country regional operation, providing satellite-based communication services throughout the Americas.

About Globalsat Group

Globalsat Group is the first Pan-American mobile satellite service (MSS) provider. The group is an industry leader providing services in Latin America since 1999 and has offices in the United States, Bolivia, Brazil, Chile, Colombia, Peru and Mexico as well as distributors in the region’s most important cities.

Currently, Globalsat Group is in charge of mobile satellite data and voice solutions for thousands of customers in sectors such as Oil & Gas, Government, Defense, Media, Mining, Banking, Agriculture, NGOs and Tourism. Delivered solutions span all MSS service areas including land, sea and air, both directly and through distributors in major Latin American cities.

For further information about Globalsat Group LLC or this news release, please visit our website http://www.globalsatgroup.com or reach out to the company press contact.

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Ignace Rodriguez - Head of Media
Globalsat Group
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Odin Martinez - Director Strategic Development
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