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Updated: July 8th, 2008 05:26 PM CDT

ORBIMAGE Completes Acquisition of Space Imaging

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Headquartered in Dulles, Va., GeoEye is the world's largest commercial satellite imagery company, delivering the highest-quality, most accurate imagery and products to better map, measure, monitor and manage the world. GeoEye was formed as a result of ORBIMAGE's acquisition of Space Imaging in January 2006 . The company is the premier provider of geospatial data, information and value-added products for the national security community, strategic partners, resellers and commercial customers. GeoEye operates a constellation of three Earth imaging satellites -- OrbView-2, OrbView-3 and IKONOS -- and possesses an international network of more than a dozen regional ground stations, a robust image archive, and advanced geospatial imagery processing capabilities that are unmatched in the satellite imagery industry. Its products are the cornerstone of the remote-sensing industry enabling awide array of applications including intelligence gathering for national security and defense, mapping, local government planning, and natural resources and environmental monitoring. For more information, visithttp://www.geoeye.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Actof 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. ORBIMAGE'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 EDGARweb site, http://www.sec.gov, or by contacting: William L. Warren, VicePresident, General Counsel and Secretary, at 703-480-5672.

SOURCE ORBIMAGE Holdings Inc.


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