SkyTerra Communications and Mobile Satellite Ventures Announce New Board Members
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RESTON, Va.--(Business Wire)-- SkyTerra Communications, Inc. (OTCBB:SKYT) and its subsidiary Mobile Satellite Ventures LP (MSV) have added three new members to the SkyTerra board of directors and two new members to the MSV board. Alexander H. Good has been added to the SkyTerra board. Jose A. Cecin, Jr. and Paul S. Latchford, Jr. have been added to both the SkyTerra and MSV boards. Alexander H. Good, age 58, is the Chief Executive Officer and President of SkyTerra and has served as MSV's Chief Executive Officer President and Vice Chairman of the MSV board since April 2004. In 2002 and 2003, prior to joining MSV, Good served as the Executive Chairman of Affinity Internet and Executive Chairman of Nexverse Networks, Inc., now Veraz Networks, Inc., and also served as a director of NextLevel Communications, Inc. Good was Chairman and CEO of @Link Networks, Inc. from 1999 to 2001. Good was Executive Vice President of Bell Atlantic Corporation (now Verizon) from 1997 to 1999. He served as Senior Vice President of Corporate Development of Bell Atlantic Corporation from 1995 to 1997 and was Chairman and CEO of Bell Atlantic International from 1994 to 1997. Good served as Senior Vice President of Mtel Communications, Inc. and CEO of Mtel International from 1990 to 1994. Jose A. Cecin, Jr., age 44, is a Managing Director of BB&T Capital Markets, the investment banking division of BB&T Corporation, and is the Group Head of the firm's Communications Investment Banking practice. Prior to joining BB&T Capital Markets in 2003, Cecin was a co-founder of Cambrian Communications where he served as Chief Operating Officer and a member of the board of directors. Prior to founding Cambrian in 1999, Cecin was on the founding team of Wave International, a company focused on financing and building telecommunications infrastructure in emerging markets. Prior to Wave International, Cecin served as Managing Director of Corporate Development at Bell Atlantic Corporation. Paul S. Latchford, Jr., age 53, is Co-Founder, President and Chief Executive Officer of Spencer Trask Media & Communications Group LLC. Prior to joining Spencer Trask, Latchford served as Principal Vice President for Global Business Development in Bechtel Group, Inc. Beginning in the early 1990's Latchford held several regional business development positions in Bell Atlantic International, Inc. and was appointed Vice President of Business Development for the Asia Pacific Region in 1994. In connection with the terms of the sale of Apollo Management's SkyTerra stock to Harbinger Management, Andrew Affrick and Jeffrey Leddy have resigned from both the SkyTerra and MSV boards. "I am thrilled to welcome Jose and Paul to the SkyTerra and MSV Boards. They both bring tremendous experience with them in both the financial markets and telecommunications industry which will benefit SkyTerra and MSV as we move forward in our strategic efforts," Alexander H. Good said. 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. Tom Surface Mobile Satellite Ventures LP T 703-390-1579 M 703-462-3837 tom.surface@msvlp.com Copyright Business Wire 2008
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