OSAT - Orbsat shares jump on global expansion with launch on Alibaba.com

Orbsat (OSAT) shares gain 47.5% premarket on accelerating global expansion plans with Global Telesat Communications ((GTC)) unit been approved as a Gold Supplier on Alibaba.com.As a Gold Supplier, GTC significantly expands its 24/7/365 e-commerce presence in 190 countries with the launch of its latest global storefront. Orbsat expects to launch its new storefront during the third quarter with an extensive range of satellite IoT and connectivity products and it's full catalog of 500+ products and connectivity services should be available on Alibaba.com by the start of the first quarter of 2022. Charles M. Fernandez, Chairman and CEO of Orbsat said, "There has been explosive growth in online shopping due to the pandemic as businesses and consumers around the world embrace e-commerce. Long-term, we believe that e-commerce will be the preferred channel for businesses and consumers seeking to research and purchase our satellite IoT and connectivity products and services. We also intend to secure new

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Orbsat shares jump on global expansion with launch on Alibaba.com