Stratos Global Corporation
TSX : SGB

CIP Canada Investment Inc.

January 15, 2008 13:19 ET

Stratos and CIP Announce Completion of Offer to Purchase Stratos' 9 7/8% Senior Notes Due 2013

BETHESDA, MARYLAND--(Marketwire - Jan. 15, 2008) - Stratos Global Corporation (TSX:SGB) today announced that CIP Canada Investment Inc. ("CIP"), parent company of Stratos, has completed its previously announced offer to purchase Stratos' outstanding 9 7/8% Senior Notes due 2013 (Registered CUSIP No. 862926 AB8; Rule 144A CUSIP No. 862926 AA0; Regulation S CUSIP No. C8617Q AA5) (the "Notes") upon the terms and subject to the conditions set forth in the Change of Control Notice and Offer to Purchase dated December 12, 2007 ("Offer to Purchase").

The Offer to Purchase expired at 5:00 p.m., New York City time, on January 14, 2008 (the "Expiration Date"). CIP has been advised by the Depositary (as defined below) that $1,000 aggregate principal amount of the Notes were tendered prior to the Expiration Date. CIP has accepted for purchase all of the tendered Notes pursuant to the Offer to Purchase, which will be held in trust by an independent Canadian trustee for the benefit of CIP.

CIP has retained The Bank of New York Trust Company, N.A. to act as the Depositary in connection with the Offer to Purchase. CIP has also retained CapitalBridge to act as the Information Agent in connection with the Offer to Purchase.

This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any Notes. Any such offer or solicitation is being made only by means of the Offer to Purchase.

About Stratos

Stratos (TSX:SGB), with over a century of service, is the world's trusted leader for vital communications, offering the most powerful and extensive portfolio of remote communications products, including mobile and fixed satellite and microwave services. Stratos' more than 20,000 customers use our services on seven continents and across the world's oceans. Stratos serves U.S. and international government, military, first responder, NGO, oil and gas, industrial, maritime, aeronautical, enterprise, and media users. For more information visit www.stratosglobal.com.

About CIP

Communications Investment Partners Limited, CIP's parent, is a professional investment company incorporated in 2006. The directors of Communications Investment Partners Limited collectively have more than 50 years of experience as directors of and advisors to satellite services companies in both the mobile satellite and fixed satellite services sectors.

Caution Concerning Forward-Looking Statements

This document contains statements and information about potential future circumstances and developments. Such statements and information are qualified by the inherent risks and uncertainties surrounding future expectations generally and may differ materially from Stratos' actual future results. For additional information with respect to these risks and uncertainties, reference should be made to Stratos' continuous disclosure materials filed with Canadian securities regulatory authorities, including the risk factors described in its annual information form and to Stratos' annual report filed with the U.S. Securities and Exchange Commission on Form 40-F. Stratos disclaims any intention or obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events, or otherwise.

Contact Information