Industry Leading SeaMobile Announces Acquisition of European Satellite Provider Geolink
Combined companies provide unmatched communication services to remote locations worldwide and on the open seas
Seattle, WA. and Paris, France. (December 18, 2006) – SeaMobile, Inc., the dominant global provider of at-sea communications, connectivity and content services announced today that it has signed a definitive agreement to acquire Geolink, a pioneer and leading provider of satellite-based broadband communications and networking services with extensive experience serving the European market. Terms of the agreement were not disclosed. During the past year, SeaMobile has quickly become the dominant player in at-sea communications services. In May 2006, SeaMobile also acquired satellite industry leader Maritime Telecommunications Network (MTN). With the acquisition of Geolink, SeaMobile now provides broadband satellite, wireless voice and data, internet connectivity, television and other services for more than 300 maritime vessels throughout the world. Geolink significantly expands and strengthens SeaMobile's presence in the European market. "Our vision at SeaMobile is to be the world's premiere provider of communications services to remote places. The strength of Geolink, particularly in Europe, accelerates our goal dramatically," said SeaMobile Enterprises Chief Executive Officer, William D. Marks. "Geolink is well respected in Europe where there is significant opportunity to expand our customer base and the adoption of the many services we offer. We continue to change the way people communicate in remote locations on land and sea all over the world." In addition to providing communications services to cruise ships and other maritime vessels throughout Europe, Geolink also has developed a suite of niche solutions for land-based wireless communications serving individuals, businesses and organizations worldwide. Geolink utilizes a partnership with the world's leading satellite networks (Inmarsat, Iridium, Eutelsat and Intelsat) and selected Land Earth Stations to provide service to more than 150 countries throughout the world. "We are excited about the new and expanded opportunity this acquisition presents for Geolink," said Pierre Macquet, Geolink Chief Executive Officer. "SeaMobile's depth and expertise, along with our ability to combine our product lines into the broadest and best in the industry, provides us with tremendous potential to expand our reach throughout the world. It also gives us the opportunity to further increase the value of our services offered to our existing customers. Geolink is thrilled to be a part of SeaMobile." Today, SeaMobile provides a host of broadband satellite, wireless voice, data, content, and internet communications services in remote land locations and at-sea for cruise ships, ferries, yachts, container ships and offshore platforms. SeaMobile also provides at-sea services that include printed versions of more than 350 daily newspapers, live television, access to bank accounts through onboard ATMs and internet cafes.
About SeaMobile Enterprises About Geolink For 15 years, Geolink has been a pioneer in providing reliable, continuous and secure telecommunication services, as well as value added services required by individuals or organizations, where traditional telecommunication infrastructures are unusable or non-existent, or can simply not be economically envisaged. Geolink offers fixed and mobile voice satellite telecommunications solutions, maritime and land-based broadband data satellite services and on-board maritime GSM services. "SafeHarbor" Statement under the Private Securities Litigation Reform Act of 1995. A number of the matters and subject areas discussed in this press release that are not historical or current facts deal with potential future circumstances and developments, including our future expectations concerning the operations of SeaMobile and MTN. The discussion of such matters and subject areas is qualified by the inherent risks and uncertainties surrounding future expectations generally and also may materially differ from SeaMobile’s and MTN’s actual future experience involving any one or more of such matters and subject areas. SeaMobile and MTN have attempted to identify, in context, certain of the factors that they currently believe may cause actual future experience and results to differ from SeaMobile’s and MTN’s current expectations regarding the relevant matter or subject area. This press release speaks only as of its date, and SeaMobile and MTN disclaim any duty to update the information herein. |








