MSV Appoints Alexander Good as CEO and Vice Chairman to Lead the Company's Next-Generation Activities.Business Editors/High-Tech Writers LINCOLNSHIRE, Ill. & RESTON, Va.--(BUSINESS WIRE)--May 24, 2004 Mobile Satellite Ventures Mobile Satellite Ventures (MSV) is a Reston, VA company that develops telecommunications systems that integrate satellite and terrestrial radio communication technologies into one system. (MSV mSv Millisievert (measure of radiation dose) MSV Medical Society of Virginia MSV Maize Streak Virus MSV Mobile Satellite Ventures LP (Reston, Virginia) MSV Men Stopping Violence ), a limited partnership in which Motient Corporation owns a 29.5% interest, fully diluted, announced on May 14, 2004, the appointment of Alexander H. Good as its new vice chairman and chief executive officer (CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ), effective immediately. Gary Parsons Gary Parsons is the chairman of the board for XM Satellite Radio. Mr. Parsons was formerly on the board of WorldSpace. Gary M. Parsons has served as XM Satellite Radio Chairman of the Board of Directors since May 1997. He served as CEO until the recruitment of Hugh Panero. , formerly MSV's chairman and CEO, will continue on as chairman. Good, a wireless and telecom veteran, will spearhead MSV's efforts to build and operate the company's next-generation business that will combine the best of satellite and terrestrial networks. MSV's next-generation hybrid wireless network incorporates powerful geostationary Aligned with the earth. Refers to satellites (GEOs) that travel at the same rotational speed as the earth (they are geosynchronous) and are always the same distance from the earth. See GEO. satellites with an ancillary terrestrial component (ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered ) to deliver service to standard wireless terminals. Mr. Good has a long history in the telecommunications field as an operating executive and on the Boards of telecom businesses. From 1997 to 1999, Good was executive vice president of Bell Atlantic Corp (now Verizon) and served as a member of that company's Executive Committee. From 1994 to 1996, he served as CEO and President of Bell Atlantic International, where he lead the company's high growth international operations. He also initiated and oversaw the company's investments in other areas, including the satellite industry. Prior to his service with Bell Atlantic, he served as chairman and CEO of the Board for Mtel International. "MSV is moving ahead with its plans to develop our next-generation business, and Alex is a strong addition to our executive team at this critical time in MSV's history," said Parsons. "His credentials in the telecommunications and wireless industries and in public policy make him the perfect choice to lead MSV into the future, and to articulate our vision to customers, partners and the regulatory community." "I have always been focused on building high-growth businesses and that's why I am excited about leading Mobile Satellite Ventures at this time," said Good. "We are moving ahead to develop a standalone business that will redefine the wireless industry and deliver on the promise to provide wireless, everywhere." In addition to his industry experience, Good also served in international commerce under the Reagan Administration. In 1985, he was appointed Assistant Secretary of Commerce and Director General of the U.S. Foreign Commercial Service, where he directed 1,300 personnel and an $80 million international trade network in 200 locations worldwide. About Motient Communications Motient Corporation owns and operates the nation's largest two-way wireless data network. Motient provides a wide range of mobile and wireless Internet services principally to business to business customers and enterprises. The company is a leader in providing BlackBerry(TM) services on its network as well as on the third generation networks of Verizon Wireless and T-Mobile. Motient also provides wireless solutions to the mobile professional, transportation, field service and telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. markets. http://www.motient.com. About MSV Mobile Satellite Ventures is North America's premier provider of mobile satellite communications services. Delivering service since 1996, MSV offers customers a wide choice of wireless data, voice, fax and dispatch radio services via its two MSAT MSAT Mobile Satellite MSAT Microsoft Security Assessment Tool MSAT Mobile Source Air Toxics MSAT Medical School Admissions Test MSAT Multiple Subjects Assessment for Teachers MSAT Marin School of Arts and Technology MSAT Mathematics, Science, and Technology Education satellites. MSV provides superior capacity and reliability for customers across North America, northern South America Northern South America is a region in the continent South America. This region has a rich range of natural resources exploited to European explorers over the past couple of centuries. Most of the most populous cities, such as Bogotá, are located temperate conditions of the Andes. , Central America, the Caribbean, Hawaii and in coastal waters. MSV is dedicated to developing the next generation hybrid wireless network over North America that will utilize a powerful satellite constellation working in unison with MSV's patented ancillary terrestrial component (ATC) technology to deliver seamless wireless services to end-users over standard wireless devices. MSV is headquartered in Reston VA with an office in Ottawa ON. For more information, visit MSV online at www.msvlp.com. This release contains forward looking statements, including statements regarding Motient's continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the and business, and Motient's future financial performance. Factors that could cause actual results to differ materially from those in the forward looking statements in this news release are described in Motient Corporation's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002 (filed on March 22, 2004) and in Motient's other periodic filings and reports with the Securities and Exchange Commission. Copies of such reports and filings are available upon request from Motient's Investor Relations Investor relations The process by which the corporation communicates with its investors. Department. |
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