Globalstar Retains NASDAQ Listing

Globalstar Retains NASDAQ Listing

Company Announces February 4, 2013 Launch Date as it Begins to Take Delivery
of the New Satellites at the Baikonur Cosmodrome

COVINGTON, La., Oct. 17, 2012 (GLOBE NEWSWIRE) -- Globalstar, Inc.
(Nasdaq:GSAT), today announced that a NASDAQ Listing Qualifications Panel (the
"Panel") has decided to maintain Globalstar's listing through the end of the
year. Previously, Globalstar had reported that the Staff of The NASDAQ Stock
Market LLC had notified the Company that its securities would be delisted from
The NASDAQ Capital Market for failure to maintain a closing bid price of its
common stock of at least $1.00 per share, pending the Company's right to
appeal the Staff determination. Globalstar requested a hearing and presented
evidence supporting a further extension through the end of the year. The Panel
granted Globalstar's request, finding that Globalstar "has made a persuasive
case that its difficulties in completing the launch of the constellation are
behind it… and that the longer-term prospects for value to shareholders upon
completion of the launch are substantial."

"On behalf of all of our employees, customers and shareholders, I want to
thank the Panel Members for their thoughtful consideration," said Jay Monroe,
Chairman and CEO of Globalstar, Inc.

Additionally, Globalstar announced that it has taken delivery of the first two
Spacecraft for the fourth launch of six second-generation satellites. The
satellites have arrived at the Baikonur Cosmodrome where they will undergo
preparations for a scheduled February 4, 2013 launch.The remaining four
satellites are scheduled to be delivered in the coming weeks.

Finally, Globalstar announced that satellite manufacturer Thales Alenia Space
has delivered the software patch to remedy a previously reported momentum
wheel issue affecting a satellite currently in orbit.Thales and Globalstar
will upload the software to the satellite over the next few days.Once testing
of the new software is complete, Globalstar expects to place the satellite
back into commercial service during the month of November.

About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and data
services.Globalstar offers these services to commercial customers and
recreational consumers in more than 120 countries around the world. The
Company's products include mobile and fixed satellite telephones, simplex and
duplex satellite data modems, the SPOT Satellite GPS Messenger and flexible
service packages. Many land based and maritime industries benefit from
Globalstar with increased productivity from remote areas beyond cellular and
landline service. Global customer segments include: oil and gas, government,
mining, forestry, commercial fishing, utilities, military, transportation,
heavy construction, emergency preparedness, and business continuity as well as
individual recreational users. Globalstar data solutions are ideal for various
asset and personal tracking, data monitoring and SCADA applications.All SPOT
products described in this press release are the products of Spot LLC, which
is not affiliated in any manner with Spot Image of Toulouse, France or Spot
Image Corporation of Chantilly, Virginia.

For more information regarding Globalstar, please visit Globalstar's web site

The Globalstar, Inc. logo is available at

Safe Harbor Language for Globalstar Releases

This press release contains statements such as, "Once testing of the new
software is complete, Globalstar expects to place the satellite back into
commercial service during the month of November," that may be considered to be
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are based on
current expectations and assumptions that are subject to risks and
uncertainties which may cause actual results to differ materially from the
forward-looking statements. Forward-looking statements, such as the statements
regarding the Company's ability to develop and expand its business, its
anticipated capital spending (including for future satellite procurements and
launches), its ability to manage costs, its ability to exploit and respond to
technological innovation, the effects of laws and regulations (including tax
laws and regulations) and legal and regulatory changes, the opportunities for
strategic business combinations and the effects of consolidation in its
industry on the Company and its competitors, its anticipated future revenues,
its anticipated financial resources, its expectations about the future
launches and operational performance of its satellites (including their
projected operational lives), the expected strength of and growth prospects
for the Company's existing customers and the markets that it serve, commercial
acceptance of its new Simplex products, including its SPOT satellite GPS
messenger ^TM products, problems relating to the ground-based facilities
operated by the Company or its independent gateway operators, worldwide
economic, geopolitical and business conditions and risks associated with doing
business on a global basis and other statements contained in this release
regarding matters that are not historical facts, involve predictions.

Any forward-looking statements made in this press release speak as of the date
made and are not guarantees of future performance. Actual results or
developments may differ materially from the expectations expressed or implied
in the forward-looking statements, and Globalstar undertakes no obligation to
update any such statements. Additional information on factors that could
influence the Company's financial results is included in its filings with the
Securities and Exchange Commission, including its Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

CONTACT: For further media information:
         Globalstar, Inc.
         Dean Hirasawa
         (985) 335-1505

company logo
Press spacebar to pause and continue. Press esc to stop.