SatCom Group Holdings plc

SatCom Group Holdings plc

September 28, 2005 02:05 ET

SatCom Expands Into Middle East and Africa

SALISBURY, UNITED KINGDOM--(CCNMatthews - Sept. 28, 2005) - SatCom Group Holdings plc (AIM:SGH) ("SatCom" or "the Group"), a reseller of mobile satellite communications, today announces that it has opened a new office in Dubai to supply mobile satellite communications equipment in the Middle East and Africa.

As well as the opening of this new office, SatCom is also developing a network of dealers throughout the Middle East and Africa to provide high quality mobile satellite communications solutions for advanced vehicle location, maritime solutions, mobile data and rural telephony.

SatCom has employed Neil Jamieson to take the position of General Manager of SatCom Distribution (ME), a new company that is being formed which will be 55 per cent. owned by SatCom and 45 per cent. owned by Neil Jamieson.

Mark White, Chief Executive Officer of SatCom Group Holdings plc, said: "The opening of this new office in Dubai improves our global market coverage and gives SatCom an excellent opportunity to penetrate this lucrative market.

"Neil Jamieson brings with him a wealth of experience to SatCom. He has worked for many years in the satellite communications sector with clients in both Middle East and Southern Africa. I am confident that under Neil's guidance, we will see attractive growth from this market."

For further information:

SatCom Group Holdings plc

Mark White, Chief Executive Officer Tel: +44 (0) 1722 439 206

Martin Ward, Chief Financial Officer Tel: +44 (0) 1722 439 201

Ernst & Young LLP

John Stephan, Tel: +44 (0) 207 951 2000

Teather & Greenwood Limited

Stephen Austin, Corporate Finance Tel: +44 (0) 207 426 9000

Media enquiries:

Heather Salmond / Dana Thomas Tel: +44 (0) 20 7398 7700

Notes to Editors

SatCom is a global reseller of airtime services and satellite systems hardware (mobile handsets) for major satellite systems operators, including Inmarsat, Thuraya and Iridium. SatCom's key target markets include the US, Europe, Asia and Middle East.

SatCom is based in Salisbury in the UK, with further offices in New York, Washington, Hong Kong, Bangkok and Singapore. SatCom has established a robust customer base of over 7,500 active terminals and is able to offer all communication solutions including voice, fax and data. SatCom, through its subsidiary O'Gara Satellite Systems Inc, has also established itself as one of five preferred suppliers to the US Government.

Products range from small, handheld phones through to terminals such as the Inmarsat Regional B-GAN, a high speed satellite Internet Protocol modem operating at speeds of more than twice the speed of the GPRS terrestrial system. In addition, SatCom provides airtime services via the three satellite operators to key customers including dealers, commercial companies and Governments.

The handsets are used with a SIM card that is registered by the end user at This website is proprietary to SatCom, allowing SatCom to register terminals and for customers to purchase prepaid airtime online.

SatCom has enjoyed strong increases in sales and profitability through organic growth and acquisition. SatCom acquired a US airtime company O'Gara Satellite Systems in 2002, which currently contributes nearly 30% of the Group's turnover. In November 2004 SatCom successfully acquired Northstar Communications, Inc. The Group recently reported an EBITDA of $3.0 million and a profit before tax of US$2.6 million on $47.9 million of revenues for the financial year ended 30 June 2005.

On 26 September 2005, SatCom announced the acquisition of Horizon Mobile Communications which has strengthened its position in Asia and allowed it to enter the commercial maritime market for mobile satellite communications.

Iridium is the only operator to offer a fully global, mobile satellite system, providing voice and data solutions via a network of 66 low earth orbit ("LEO") satellites built by Boeing. The Iridium service is delivered to and from remote areas so is ideally suited for industrial applications such as heavy construction, defence, maritime, oil and gas and aviation.

Thuraya offers cost effective satellite services to nearly one third of the globe. Thuraya's satellite operations cover Europe, the Middle East, North Africa and the Indian subcontinent and operate via a geo-stationary satellite system. The Thuraya system includes a second satellite launched in early 2003 and a third satellite is planned in order to expand system capacity even further.

Inmarsat was the world's first global mobile satellite communications operator and is still the only one to offer a mature range of modern communications services to maritime, land-mobile, aeronautical and other users. It operates a constellation of geo-stationary satellites designed to extend phone, fax and data communications all over the world.

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