Satphone Provider Eyes Top Market Spot

Satellite Phone Source Inc. [SPHI.PK] unveiled its plan to become the Number One U.S. provider of satellite phones next year. The company is working with service providers and phone manufacturers to gain favorable supply arrangements that would enable the company to double its current inventory. Satellite Phone Source is predicting a surge in satphone sales and rentals in 2005, and it is forecasting related sales of more than $1 million.