| RESTON, VA.--(BUSINESS WIRE)-- Mobile Satellite Ventures (MSV) today announced it has changed its name to SkyTerra. SkyTerra, presently the name of MSV"s parent company (SkyTerra Communications Inc.), has become the name for all MSV-named entities operating in the United States and Canada.
"Over the course of the past several years we have worked diligently to simplify MSV"s ownership structure, resulting in SkyTerra Communications now owning 99.3% of the company," said Alexander H. Good, chairman, CEO and president of SkyTerra. "We are very pleased with this accomplishment and with our singular company name that reflects this simplification."
MSV"s Canadian Joint Venture Partner Mobile Satellite Ventures (Canada) Inc. is also changing its name to SkyTerra (Canada) Inc. to coincide with this change. Since the partners provide mobile satellite services on a seamless, North American-wide basis, this will facilitate a harmonized approach to the provisioning and branding of services on both sides of the border.
About SkyTerra Communications (www.skyterra.com)
SkyTerra Communications (OTCBB:SKYT) 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 integrated 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 market segments, 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.
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 to execute its business plan. We assume no obligation to update or supplement such forward-looking statements. |
