Satellite Newspapers to Cover Asia

Satellite Enterprises [OTCBB: SENR], a North Haven Conn.-based printer of syndicated newspapers around the world, announced that Peter Yuen has agreed to pay a fee to join the company’s World Wide Network to provide satellite newspaper kiosks throughout Asia.

Yuen will pay the parent company US$6.7 million, or roughly US$336,000 per annum, for 20 years. He plans to place hundreds of Kiosks throughout Asia each year.