Motient/TerreStar Announces Investor Update Conference Call.RESTON, Va. -- Second graph should read: To access this call, dial (800) 288-8961 (domestic) or (612) 332-0226 (international). The confirmation code is 875520. (sted To access this call, dial (877) 232-4392 (domestic) or (601) 354-1086 (international). The confirmation code is 754132.) The corrected release reads: MOTIENT/TERRESTAR ANNOUNCES INVESTOR UPDATE CONFERENCE CALL Motient Corporation (MNCP), controlling shareholder of TerreStar Networks TerreStar Networks is a Reston, VA-based company that operates integrated satellite and terrestrial telecommunications systems. It is a subsidiary of TerreStar Corporation. Inc., announced that it will host an investor conference call today, May 29, 2007, at 8:30am (EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ) in reference to the Company's May 25th 8-K filling. To access this call, dial (800) 288-8961 (domestic) or (612) 332-0226 (international). The confirmation code is 875520. A recorded webcast of this conference call will also be made available for a limited time on the "Investor Relations Investor relations The process by which the corporation communicates with its investors. " page of the Company's Web site (www.motient.com). Please dial in 5 to 10 minutes prior to the scheduled start time. About Motient Corporation Motient is the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd., and a shareholder of SkyTerra Communications and 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. LP. For additional information on Motient, please visit the company's website at www.motient.com. About TerreStar Networks Inc. TerreStar (www.terrestar.com), a subsidiary of Motient Corporation, plans to build, own and operate North America's first 4G integrated mobile satellite and terrestrial communications network The transmission channels interconnecting all client and server stations as well as all supporting hardware and software. that will provide universal access and tailored applications throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. over conventional wireless devices. TerreStar expects to be the first to offer customer-designed products and applications over a fully optimized 4G IP network. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act, with respect to the strategy of Motient, its plans, and the transactions described in this press release. From time to time, our public filings, press releases and other communications will contain forward-looking statements. Forward-looking information is often, but not always identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook Refer to "Part I, Item 1A - Risk Factors" in our 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, 2006, for further discussion regarding our exposure to risks. Readers are cautioned not to place undue reliance upon these forward looking statements, which speak only as of the date hereof, and we undertake no obligation to update these forward looking statements to reflect subsequent events or circumstances. |
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