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Update: SkyTerra Communications and Mobile Satellite Ventures Second-Quarter Conference Call

Posted on: Monday, 4 August 2008, 18:00 CDT

SkyTerra Communications, Inc. (OTCBB:SKYT) and its subsidiary Mobile Satellite Ventures LP (MSV) have scheduled its conference call to discuss 2008 second-quarter financial results and other developments for Tuesday, August 5, 2008 at 10:00 a.m. EDT. The call will be led by Alexander H. Good, Chairman, Chief Executive Officer and President of SkyTerra and Vice Chairman, Chief Executive Officer and President of MSV; and Scott Macleod, Executive Vice President and Chief Financial Officer of SkyTerra and MSV.

A presentation to accompany the call will be filed as an 8-K with the SEC and will be available on the SkyTerra and MSV Web sites early in the morning of August 5, 2008. See the investor and financial sections at www.skyterra.com or www.msvlp.com before the call.

Dial-in Instructions:

The toll-free dial-in for the teleconference is (866) 362-4820. International callers should dial +1 (617) 597-5345. The access code is 73633238. Please allow at least 10 minutes prior to the scheduled start time to connect to the teleconference.

Dial-in Audio Replay:

A replay of the teleconference will be available beginning at 12:00 p.m. EDT August 5, 2008, until 11:59 p.m. EDT on August 19, 2008. To access the replay, please call (888) 286-8010. International callers should dial +1 (617) 801-6888. The access code is 29672758.

About Mobile Satellite Ventures and SkyTerra Communications, Inc.

MSV delivers mobile wireless voice and data services primarily for public safety, security, fleet management and asset tracking in the U.S. and Canada. The company's next-generation hybrid satellite-terrestrial communications network is expected to provide seamless, transparent and ubiquitous wireless coverage of the United States and Canada to conventional handsets. When completed, the network will support communications in a variety of areas including public safety, homeland security, aviation, transportation and entertainment, by providing a platform for interoperable, user-friendly and feature-rich voice and high-speed data services. Mobile Satellite Ventures is a joint venture between Mobile Satellite Ventures LP and Mobile Satellite Ventures (Canada) Inc. MSVLP is owned and controlled by SkyTerra Communications, Inc. (OTCBB:SKYT). For more information go to: http://www.msvlp.com.

Statement under the Private Securities Litigation Reform Act

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to plans described in this news release. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, proposed, potential and similar words. Such forward-looking statements are subject to uncertainties relating to the ability of SkyTerra and MSV to raise additional capital or consummate a strategic transaction or deploy the next generation system, as well as the ability of SkyTerra and MSV to execute their business plan. We assume no obligation to update or supplement such forward-looking statements.

Source: Business Wire

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