GeoEye Strengthens Financial Team

Four New Positions Enhance Accounting and Reporting Capabilities

DULLES, Va., Oct. 15 /PRNewswire-FirstCall/ -- GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite and aerial-based geospatial information and services, announced today the appointments of four new members of its financial team.


Ramsey W. Price, CPA, was named vice president, Financial Systems and Sarbanes-Oxley Compliance. Mr. Price will be responsible for overseeing GeoEye's Sarbanes-Oxley compliance and enhancing the company's current financial reporting systems. Prior to joining GeoEye, Mr. Price served for more than ten years with OPNET Technologies Inc., a public software development and consulting services business. While at OPNET, he held various positions, including corporate controller and associate vice president. As OPNET's director of internal audit, Mr. Price was responsible for its Sarbanes-Oxley compliance program.

James M. Craig, CPA, was named vice president, Special Projects & Treasury Operations. Mr. Craig's responsibilities will include federal contract bidding, risk management and day-to-day treasury operations. Mr. Craig's 28-year career includes 10 years serving as the chief executive officer or chief financial officer of several private and publicly held companies in the technology, e-commerce and telecommunications segments.

GeoEye also announced that Charmaine O. Pavelko, CPA, was named director of Tax. Ms. Pavelko has over seven years of tax experience at a Big Four accounting firm and ten years of experience in financial accounting and reporting in various industries. Ms. Pavelko joins GeoEye from Price Waterhouse Coopers LLP, where she recently served as a tax manager of the Financial Services Group, Investment Management and Real Estate sector. Prior to joining Price Waterhouse, she was project manager of Financial Systems Integration at MCI.

Michael E. Harbour, CPA, was named assistant controller. Mr. Harbour will be responsible for implementing and maintaining the company's financial accounting systems. Mr. Harbour comes to GeoEye from Nextel International in Reston, Va., where he served as senior manager of consolidated financial reporting and corporate accounting.

"I am pleased to welcome these highly capable and experienced professionals to GeoEye's financial team," said Joseph F. Greeves, GeoEye's executive vice president and chief financial officer. "One of our primary goals is to make sure our financial stakeholders receive timely, accurate and useful financial information. Our team is working hard to strengthen our financial organization to meet GeoEye's current and future financial needs and better serve our investors."

About GeoEye

GeoEye, Inc. is an international information services company serving government and commercial markets. The Company is recognized as one of the geospatial industry's imagery experts, delivering exceptional quality imagery products and solutions to customers around the world. Headquartered in Dulles, Virginia, the Company has 530 employees dedicated to developing best-in-class geospatial, communications and information products, systems and services. The Company provides support to academic institutions and non-governmental organizations through the GeoEye Foundation ( GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. Additional information about GeoEye is available at

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "will" and similar expressions are intended to identify forward-looking statements. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future, including statements relating to the Tender Offer and the Notes Offering. All such forward-looking statements and those presented elsewhere by our management from time to time are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, but are not limited to, the consummation of the Notes Offering on terms satisfactory to us or at all, the participation of the holders of the 2012 Notes, and those risks and uncertainties described in "Risk factors" included in our Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2008, which we filed with the Securities and Exchange Commission ("SEC") on April 2, 2009, and our Quarterly Report on Form 10-Q for the period ended March 31, 2009 and June 30, 2009, which we filed with the SEC on May 12, 2009 and Aug. 10, 2009, respectively. A copy of all SEC filings may be obtained from the SEC's EDGAR web site,, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at (703) 480-7500.

SOURCE GeoEye, Inc.

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