Sanswire Announces Full-Year 2009 Results

Sanswire Corp. (OTC.BB:SNSR) today announced that it has filed with the United States Securities & Exchange Commission its annual report on Form 10-K for the year ended December 31, 2009.

For the year-ended December 31, 2009, the Company reported a net loss of $9.4 million, or $0.04 per share, with no revenue, compared to a net loss of $4.6 million, or $0.03 per share, with no revenue for the year-ended December 31, 2008.

The net loss for 2009 is attributed to an operating loss during the year of $7.6 million, compared to an operating loss of $3.2 million for 2008, to interest-related expenses of $1.2 million compared to interest-related expenses of $1.1 million for 2008, and to $1.2 million related to derivative financial instruments, compared to a slight gain from derivative financial instruments of $375,166 for 2008.

Sanswire's Chairman of the Board, Major General Wayne P. Jackson, US Army, Retired, stated, "We are making substantial progress on our business plan to bring a broad range of unmanned aerial vehicles to market for defense and border security purposes. In late 2009, we established a relationship with a major defense contractor that will serve as the systems integrator and operator of our STS-111 airship."

General Jackson continued, "In 2009, we were keenly focused on the development of our airships and airship technologies, culminating in a private demonstration of the STS-111 in Stuttgart, Germany. We are committed to executing our business plan and growing our strategic relationships and together pursuing business opportunities."

Sanswire's Form 10-K is available via the company's web site.

About Sanswire Corp.
Sanswire Corp. is a developer of integrated aerospace communications products and services. The company specializes in the design and construction of autonomous, lighter-than-air UAVs (Unmanned Aerial Vehicles) capable of carrying payloads that provide persistent security solutions at low, mid, and high altitudes. Sanswire's airships and auxiliary products are designed for use by commercial and government-related entities that require real-time intelligence, surveillance, and reconnaissance support for homeland defense, maritime, and border missions. The company's long-term objective is to develop and deliver state-of-the-art airship technology that provides surveillance sensor suites and other advanced wireless broadband capabilities to the broader commercial markets. For more information.

Forward-Looking Statements
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.

Source: Marketwire/Yahoo Finance