Global Satellite Broadcasting Corp. (GSBC) was asked by Paragon International Placements Ltd. Jan. 29 to delay its listing in the United States by a few days.

The request was made "to allow us to wrap up the details of several corporate acquisitions we have negotiated for GSBC," Chris Cangi, a senior partner at Paragon, said in a statement. "The paperwork is being finalized and we want to have everything in place before the launch. We apologize to GSBC shareholders but we believe these acquisitions will have a dynamic effect on the listing, as the market will clearly see how the company will roll out it business across the globe."

Ronald Flynn, founder of GSBC, said the delay would not otherwise affect his company’s first shareholders meeting, slated for Feb. 10 in Bangkok. "I understand the importance of the request. It is important that shareholders understand we only want the best for GSBC and its family of companies."