DULLES, Va., Jan. 11 -- GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite, aerial and geospatial information, announced today the appointment of Michael F. Horn, Sr. to its Board of Directors. On Dec. 13, 2007, GeoEye's Board of Directors voted to expand the size of the Board from eight to nine members. Mr. Horn was elected to fill the vacancy and serve as a Director effective, Jan. 1, 2008.
"We are delighted to have Mr. Horn join our Board of Directors. His stalwart financial career and audit experience are just the skills we need to complete our board," said retired Air Force Lt. Gen. James A. Abrahamson, GeoEye's Chairman of the Board.
"I am looking forward to joining the Board of this exciting and innovative company," Mr. Horn said. "Applying my financial expertise to the opportunities facing GeoEye and working with its talented and dedicated people will be most rewarding."
Matthew O'Connell, GeoEye's chief executive officer, president and director said, "Mike will serve on GeoEye's Audit and Strategy Committees and provide financial guidance to the executive management team. This is especially important as we complete our remaining financial milestones to prepare our next-generation GeoEye-1 satellite for launch and begin to plan the development and financing of GeoEye-2."
Mr. Horn has more than 40 years of executive financial management, audit, and consulting experience, including 35 years with KPMG, a respected auditing and consulting firm, where he served as a partner for 28 years. He has served as an auditor and consultant for various companies dealing with the same issues that GeoEye will encounter. Mr. Horn earned his bachelor of science in accounting from Georgetown University in 1961 and completed advanced studies at Harvard and Stanford in their executive programs.
About GeoEye
GeoEye is the premier provider of geospatial information, imagery and solutions for the national security community, strategic partners, resellers and commercial customers to help them better map, measure and monitor the world. GeoEye operates a constellation of Earth imaging satellites, mapping aircraft and has an international network of ground stations, a robust imagery archive, and advanced geospatial imagery processing capabilities.
The launch of GeoEye-1 is slated for April 2008 from Vandenberg Air Force Base in California. GeoEye-1 will be the world's highest resolution and most accurate commercial imaging satellite. GeoEye is a public company listed on the Nasdaq stock exchange under the symbol GEOY. GeoEye provides support to academic institutions and non-governmental organizations through the GeoEye Foundation. Headquartered in Dulles, Virginia, GeoEye maintains a comprehensive Quality Management System (QMS), and has achieved company-wide ISO accreditation. For more information, visit
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties. GeoEye's actual financial and operational results could differ materially from those anticipated. Additional information regarding these risk factors and uncertainties is described more fully in the Company's SEC filings. A copy of all SEC filings may be obtained from the SEC's EDGAR web site,
http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.
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