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GeoEye Chief Financial Officer Joseph F. Greeves Named Public Company CFO of the Year

June 11, 2010

DULLES, Va., June 11 /PRNewswire-FirstCall/ — GeoEye, Inc. (Nasdaq: GEOY), a premier provider of superior satellite and aerial-based geospatial information and services, announced today that Chief Financial Officer Joseph (Joe) F. Greeves was awarded the Northern Virginia Technology Council’s Public Company CFO of the Year title in a ceremony held June 9, 2010, at the Ritz-Carlton Hotel in McLean, Va.

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The Council’s CFO Awards recognize local chief financial officers and financial executives for outstanding achievement and excellence in promoting the area’s technology community. Matt Swartz of Pillsbury Winthrop Shaw Pittman LLP presented the Public Company CFO of the Year Award to Greeves for outstanding contributions to GeoEye’s performance and accomplishments from January 2009 to March 2010.

As executive vice president and CFO, Greeves manages and directs GeoEye’s financial planning, corporate finance, accounting, fiscal reporting and public company disclosure requirements. Since becoming CFO in June 2009, Greeves has been instrumental in rebuilding GeoEye’s financial reporting infrastructure. Greeves also led the expansion of and refinancing of GeoEye’s $400 million in high-yield debt and managed an IRS appeal yielding the company a $40 million income tax receivable. In addition, Greeves led the process to obtain $215 million in financing commitments related to the Company’s response to a request-for-proposal from the U.S. Government to build its next satellite, GeoEye-2.

Matt O’Connell, GeoEye chief executive officer and president, said, “Since arriving at GeoEye a year ago, Joe has built a strong financial team that has been instrumental in keeping pace with our rapid growth. This honor is well deserved.”

About GeoEye

GeoEye, Inc. is an international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry’s imagery experts, delivering exceptional quality imagery products, services and solutions to customers around the world. Headquartered in Dulles, Virginia, the Company has over 500 employees, dedicated to developing best-in-class geospatial information products and services. GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. The Company provides support to academic institutions and non-governmental organizations through the GeoEye Foundation (www.geoeyefoundation.org). Additional information about GeoEye is available at www.geoeye.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “will” and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to growth, expected levels of expenditures and statements expressing general optimism about future operating results, are forward-looking statements. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, those described in “Risk Factors” included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2009, which we filed with the Securities and Exchange Commission (“SEC”) on March 12, 2010, and our Quarterly Report on Form 10-Q for the period ended March 31, 2010, which we filed with the SEC on May 10, 2010. Copies of all SEC filings may be obtained from the SEC’s EDGAR web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.

SOURCE GeoEye, Inc.


Source: newswire