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KENNEDY SPACE CENTER, FL–(Marketwire – Apr 29, 2011) – World Surveillance Group Inc. (OTCBB: WSGI), a developer of lighter-than-air unmanned aerial vehicles (“UAVs”) and related technologies, announced today that it was awarded a $200,000 contract from Space Florida, an independent special district, a body politic and corporate, and a subdivision of the State of Florida. The contract is to create a Performance Data Package in connection with the flight testing of WSGI’s Argus One UAV at the U.S. Army’s proving ground facility in Yuma, Arizona in May/June 2011.

This contract follows a financing commitment of up to $1.5 million from Space Florida, which WSGI intends to use to expand its Florida-based operations and to finance the previously announced potential acquisition of Global Telesat Corp., a provider of satellite tracking services to the Department of Defense and other customers.

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Article source: http://www.marketwire.com/press-release/world-surveillance-group-awarded-first-government-contract-otcbb-wsgi-1508172.htm