Gutride Safier LLP Announces the Filing of a Securities Fraud Class Action Against Globalstar, Inc. (GSAT)

Market Wire, March, 2007

Gutride Safier LLP ( www.gutridesafier.com ) announces that a class action lawsuit was commenced in the United States District Court, Southern District of New York, against Globalstar, Inc. ("Globalstar, Inc." or the "Company") (NASDAQ: GSAT) and certain officers on behalf of purchasers of the common stock of the Company during the period from November 2, 2006 through February 5, 2007, inclusive (the "Class Period"). The complaint alleges violations of Section 10(b) of the Securities Exchange Act.

The complaint alleges that the defendants issued false and misleading statements. Specifically, the complaint alleges that the initial public offering Prospectus failed to disclose that Globalstar's satellites were degrading at an accelerating rate and the length of their commercial viability was decreasing.

On February 5, 2007, Globalstar filed a Form 8-K with the Securities and Exchange Commission disclosing several material events including 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.

Motions for appointment of lead plaintiff are due on April 10, 2007. Lead plaintiffs must meet certain legal requirements.

If you purchased stock (or bought call or sold put options) in Globalstar during the Class Period, you may be a member of the proposed class. To learn more about this lawsuit or ask any questions, please contact Michael Reese ( michael@gutridesafier.com ) of Gutride Safier LLP at 212-579-4625. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.

The attorneys of Gutride Safier LLP have years of experience in securities and class action litigation.

CONTACT: Gutride Safier LLP 230 Park Avenue New York, New York 10169 (212) 579-4625 www.gutridesafier.com