KGS Announces That a Class Action Suit Has Been Filed by Shareholders of Globalstar, Inc. -- (NASDAQ: GSAT)

Kahn Gauthier Swick, LLC ("KGS") announces that shareholders of Globalstar, Inc. ("Globalstar" or the "Company") (NASDAQ: GSAT) common stock who purchased in the initial public offering ("IPO") or on the open market during the period beginning on or about November 2, 2006 through February 6, 2007 (the "Class Period"), may now move for appointment as lead plaintiff in a securities fraud class action lawsuit currently pending in the United States District Court for the Southern District of New York. No class has yet been certified in this action.

UNTIL A CLASS IS CERTIFIED, YOU ARE NOT PERSONALLY REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY.

If you purchased shares of Globalstar during the period beginning on or about November 2, 2006 through February 6, 2007, you are urged to contact Lewis Kahn, Managing Partner, KGS, toll free 1-866-467-1400, ext. 106, via cell phone at 504-301-7900, or by email at lewis.kahn@kgscounsel.com to learn about your legal rights and how this action may benefit you. For further information on KGS, please visit www.kgscounsel.com .

The complaint charges Globalstar and certain of its officers and directors with violations of the federal securities law. On or about November 2, 2006, the IPO Prospectus (the "Prospectus"), which forms part of the Registration Statement, became effective and at least 7.5 million shares of Globalstar's common stock were sold to the public, thereby raising more than $127 million. The Prospectus failed to disclose that Globalstar's constellation of satellites was degrading at an increasingly fast rate and the length of their commercial viability was decreasing.

Then, on February 5, 2007, Globalstar filed a Form 8-K with the Securities and Exchange Commission disclosing several material events. Among other things, the Company disclosed that it has received updated information concerning its constellation of satellites and that the satellites' rate of degradation had accelerated. In response to the announcement about the Company's satellites, on February 6, 2007, the price of Globalstar stock declined precipitously falling from $14.48 per share to $10.40 per share -- approximately 39% below the IPO price -- on extremely heavy trading volume.

If you wish to serve as lead plaintiff in this case, you must move the Court no later than April 10, 2007. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you would like to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Managing Partner Lewis Kahn of KGS direct, toll free 1-866-467-1400, ext. 106, or by email at lewis.kahn@kgscounsel.com . KGS focuses its practice on securities fraud litigation, and the firm's lawyers have significant experience working on securities fraud cases that have resulted in significant recoveries for shareholders. For more information on KGS, please visit www.kgscounsel.com .

SPECIAL NOTICE: Multiple law firms often file the same class action. However, courts will generally appoint only one of these firms to prosecute a securities fraud action on behalf of the shareholders based upon the amount of losses its "lead plaintiffs" have suffered. Accordingly, while KGS urges you to sign up with the firm, KGS also encourages you to carefully evaluate any other firm that may be competing with KGS to prosecute the Globalstar class action, should you be considering another firm. Critical components of a law firm's ability to successfully prosecute this action and obtain a strong recovery for you include the resources it will dedicate to prosecution of the case, including the number of lawyers the firm has available for the Globalstar action, AND the quality of the firm's work. Interested shareholders are encouraged to call for consultation and to request more information about KGS.

Contact: Lewis Kahn KGS 1-866-467-1400, ext. 106 email: lewis.kahn@kgscounsel.com