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Mobile Satellite Ventures Appoints Gary Sharpe Vice President, Investor Relations &Amp; Corporate Communications

Posted on: Thursday, 21 June 2007, 09:03 CDT

Mobile Satellite Ventures LP (MSV) announced today that Gary Sharpe, with more than 25 years of experience in financial and corporate communications and media, has joined the company as Vice President for Investor Relations and Corporate Communications.

"Gary's extensive experience in global institutional investor targeting, capital-markets transactions, and corporate communications and governance will help us increase awareness of the company with key audiences at this important juncture in MSV's development," said Scott Macleod, MSV Executive Vice President and Chief Financial Officer.

Mr. Sharpe has served as corporate officer or consultant for investor relations and strategic communications at companies in the telecommunications, energy, biotechnology, manufacturing and financial services industries in a career that began in 1982. From 1997 to 2000, he led investor relations at COMSAT Corporation, which was the largest investor in satellite consortia Intelsat, Inmarsat and New Skies. He also has directed communications in 15 capital markets transactions valued at more than $4 billion.

Mr. Sharpe earned a bachelor's degree from the University of Washington, and has completed graduate studies in finance and accounting at the University of Pennsylvania-Wharton School, as well as course work toward the Chartered Financial Analyst credential through the CFA Institute. He is a past president and/or director of National Investor Relations Institute chapters in Seattle, Los Angeles and Washington, D.C.

About Mobile Satellite Ventures and SkyTerra Communications, Inc.

MSV's MSAT-1 and MSAT-2 satellites deliver mobile wireless voice and data services primarily for public safety, security, fleet management and asset tracking in the U.S. and Canada. MSV is developing a hybrid satellite-terrestrial communications network, which it expects will provide seamless, transparent and ubiquitous wireless coverage of the United States and Canada to conventional handsets. MSV holds the first FCC license to provide hybrid satellite-terrestrial services. MSV plans to launch two satellites for coverage of the United States and Canada, which are expected to be among the largest and most powerful commercial satellites ever built. When completed, the network is expected to 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. MSV is majority owned and controlled by SkyTerra Communications, Inc. (OTCBB: SKYT). 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.

 CONTACT: Dave Farmer Mobile Satellite Ventures LP T:  703-390-2719 M:  571-382-0194 Email Contact

SOURCE: Mobile Satellite Ventures LP

Source: MARKET WIRE

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