On October 14, 2020, the board of directors of Orbsat Corp. effected the following changes to the Company’s executive management: to appoint Thomas Seifert as the company’s Chief Financial Officer for a period of 12 months commencing on October 19, 2020. Prior to this appointment, Mr. Seifert has more than 20 years of general management, global operations and financial management expertise and has served as Chief Financial Officer for various public and private telecommunication companies during this period. Since January 2006 to present, Mr. Seifert has served as a principal of Rocky Mountain Advisors Corp. where he provides management and financial advisory services.