Globecomm Systems Enters Into Broad-Based Credit Facility with Citibank.

HAUPPAUGE, N.Y. -- Globecomm Systems Inc. (NASDAQ:GCOM), a global provider of end-to-end value-added satellite-based communications solutions, announced today Citibank, N.A. and the Company entered into a secured credit facility. The credit facility is comprised of credit lines of: (1) a $25 million borrowing base line of credit, which is available for standby letters of credit, commercial letters of credit and loans; (2) a bridge line of credit in the amount of $7 million, which is to support equipment purchases; and (3) a foreign exchange line in the amount of $10 million. The purpose of the credit facility is to provide guarantees for bids/performance on contracts and to facilitate trade and to support the Company's working capital needs. The credit facility will be available until November 30, 2007, and advances are subject to Citibank N.A.'s approval.

David Hershberg, Chairman and Chief Executive Officer, said: "We are thrilled to be working with Citibank during the Company's current growth phase. Globecomm is working diligently to align the Company with financial partners who have depth and global resources. Citibank provides Globecomm with these resources and we look forward to a long term relationship."

About Globecomm Systems

Globecomm Systems Inc. provides end-to-end value-added satellite-based communication products, services and solutions by leveraging its core satellite ground segment systems and network capabilities, with its satellite communication services capabilities. The products and services Globecomm offers include pre-engineered systems, systems design and integration services, managed network services and life cycle support services. Globecomm's customers include communications service providers, commercial enterprises, broadcast and other media and content providers and government and government-related entities.

Based in Hauppauge, New York, Globecomm Systems also maintains offices in Washington, DC, Hong Kong, the United Kingdom, the United Arab Emirates and Afghanistan.

Certain of the statements contained in this press release may be deemed forward-looking statements. Such statements, and other matters addressed in this press release, involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially from these statements and matters include risks and other factors detailed, from time to time, in the Company's reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K, which the Company urges investors to consider. These risks and other factors include, but are not limited to general and political and economic instability in the United States and abroad, including the hostilities in Iraq and Afghanistan.