ICO Files Registration Statement

RESTON, Va.--(BUSINESS WIRE)--ICO Global Communications (Holdings) Limited (NASDAQ: ICOG) today announced that it has filed a “shelf” Registration Statement with the Securities and Exchange Commission (SEC). ICO filed the Registration Statement to comply with the terms and conditions of ICO’s private placement of Class A common stock completed last month. In addition to the registration of the resale of 7,574,416 shares of Class A common stock issued in the June private placement, the Registration Statement registers a variety of ICO equity and debt securities, up to $400 million, that may be sold in the future by ICO or certain of its other stockholders.

The Registration Statement relating to these securities has been filed but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the Registration Statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.

About ICO

ICO Global Communications (Holdings) Limited is a satellite communications company developing an advanced next-generation hybrid system, combining both satellite and terrestrial communications capabilities. ICO is deploying a mobile interactive media service known as ICO mim™. ICO mim will combine ICO’s unique interactive satellite capability with nationwide coverage to deliver a new level of navigation, enhanced roadside assistance and the ultimate mobile video experience, including 10-15 live channels of premium television content. ICO is based in Reston, Virginia. For more information, visit www.ico.com.

Safe Harbor Statement

This press release contains forward-looking statements, including statements regarding the possibility of future sales of securities by ICO. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expected results, including ICO’s capital needs and the state of the capital markets. More information about risks is contained in ICO's most recent Annual Report on Form 10-K and its other filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release speak as of the date hereof, and ICO undertakes no obligation to revise or update any forward-looking statements for any reason.