ORBCOMM Inc. Shareholders To Contest Election of Directors and Propose Two New Board...

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Tue Mar 24, 2009 1:01pm EDT

ORBCOMM Inc. Shareholders To Contest Election of Directors and Propose Two New
Board Members

BOARD NOMINEES WILL SEEK TO ADDRESS UNDERPERFORMANCE BY ENHANCING THE SENIOR
MANAGEMENT TEAM, IMPLEMENTING A STRATEGIC RE-DIRECTION AND IMPROVING
OPERATIONAL EXECUTION

SHAREHOLDERS PROPOSE TO DE-STAGGER THE ORBCOMM BOARD 

NEW YORK, March 24 /PRNewswire/ -- A group of shareholders announced today
that they have formed the Committee to Realize Value for ORBCOMM (the
"Committee") and intend to contest the election of two existing directors of
ORBCOMM Inc. (Nasdaq: ORBC), including the company's Chairman.

In a preliminary proxy statement filed today with the SEC, the members of the
Committee stated that they believe that the company has significantly
underperformed with respect to operational, financial and stock price
performance and that they have nominated two other individuals, Michael Miron
and Steven G. Chrust, for election at the next annual shareholders meeting.
Messrs. Miron and Chrust are both ORBCOMM shareholders and have the industry
expertise and proven talent needed to revitalize the company.

The company's weak performance is a result of a flawed business strategy
compounded by ineffective management. Despite owning a unique and valuable
collection of communications assets that position ORBCOMM to be a leading
service provider in rapidly growing M2M markets, the company has not
capitalized on its valuable technology and asset infrastructure. It has
consistently failed to deliver on subscriber growth, a key metric to growing
revenue and profitability.

The board nominees named in the preliminary proxy will urge the following
action plan:

    --  Appoint Michael Miron to the position of Chief Executive Officer.



    --  Implement a strategic re-direction by aggressively focusing on market
        engagement and by fostering the development and deployment of
        applications to re-energize and drive subscriber and ARPU growth.



    --  Objectively evaluate management's performance and augment the
        management team in vital areas, including the addition of senior
        "market engagement" officers.



    --  Seek a capital raise of at least $25 million in order to provide
        certainty that there is adequate cash for financing the full
deployment
        of the next generation of satellites in a timely manner.



In addition, the members of the Committee are proposing the elimination of
classification of terms of the Board of Directors in favor of the requirement
that all directors stand for election annually, in a manner that does not
affect the unexpired terms of the previously elected directors.

To obtain a copy of the Preliminary Proxy, please visit www.sec.gov or contact
MacKenzie Partners.


    CONTACTS:
    MacKenzie Partners
    105 Madison Ave. New York, New York 10016
    (800) 322-2885

    Lev & Berlin, P.C.
    Duane L. Berlin, Esq.
    200 Connecticut Avenue, Norwalk, CT.
    (203) 838-8500


ALL STOCKHOLDERS OF ORBCOMM ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT
AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY THE COMMITTEE
FOR USE AT ORBCOMM'S 2009 ANNUAL STOCKHOLDERS MEETING WHEN THEY BECOME
AVAILABLE. WHEN COMPLETED, THE DEFINITIVE PROXY STATEMENT AND FORM OF PROXY
WILL BE MAILED TO STOCKHOLDERS OF ORBCOMM AND WILL, ALONG WITH OTHER RELEVANT
DOCUMENTS, BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT
HTTP://WWW.SEC.GOV. IN ADDITION, THE COMMITTEE IN THE PROXY SOLICITATION WILL
PROVIDE COPIES OF THE DEFINITIVE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST.
INFORMATION RELATING TO THE COMMITTEE IS CONTAINED IN THE PRELIMINARY PROXY
STATEMENT FILED BY THE COMMITTEE WITH THE SEC ON MARCH 24, 2009.


SOURCE  Committee to Realize Value for ORBCOMM

MacKenzie Partners, +800-322-2885; or Duane L. Berlin, Esq., of Lev & Berlin,
P.C., +1-203-838-8500
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