Nasdaq Halts Trading of Globalstar Telecommunications Limited and Requests Additional Information from Company

New York, N.Y.—The Nasdaq Stock Market^SM announced that trading was halted in Globalstar Telecommunications Limited (NASDAQ:GSTRF), today at 7:52 a.m., Eastern Time, for "additional information requested" from the company at a last price of 0.65. Trading will remain halted until Globalstar Telecommunications Limited has fully satisfied Nasdaq's request for additional information.

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