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SkyPort Enters into a Debt Financing Arrangement with Aegis Texas Venture Fund, LP

Jan. 10, 2008 – HOUSTON, TEXAS – SkyPort Global Communications, a leading provider of satellite communications solutions, has entered into a $2.25M debt financing arrangement with Aegis Texas Venture Fund, LP.  Proceeds from the thirty-six month term loan will be used to expand SkyPort’s marketing, sales and infrastructure initiatives. 

Patrick K. Brant, President and CEO of SkyPort, said: “To meet our growth initiative it is important for SkyPort to continue its sales momentum and technological enhancements.  The debt financing from Aegis helps us accelerate our plans.  Given the uncertainty within the credit markets,  we are excited to be in a position to strengthen our balance sheet and overall business fundamentals.  Aegis worked diligently with our team to put this financing in place prior to the end of 2007.  We are very impressed with the quality of their service”.

About SkyPort Global Communications, Inc.
SkyPort is a global communications carrier providing managed, secure, broadband satellite and terrestrial communication services. The company’s discriminating clients rely on it to provide end-to-end voice, video, and data solutions, that are fast and designed to be 99.999% reliable. Customers in sectors such as Energy, Military, Government, Enterprise, and others, depend on SkyPort’s carrier class solutions for their critical communications.

SkyPort was founded in 1999, and is headquartered in Houston, TX. With its global network, engineering expertise, and owned infrastructure at the highly secure Ellington Field Joint Reserve Base in Houston, SkyPort continues to exceed the security and reliability standards of its growing list of clients.

SkyPort was honored by the World Teleport Association as the fastest-growing teleport operator in 2006; and received the National Guard’s Minuteman award in 2005 for outstanding disaster support during Hurricane Katrina.

About Aegis
Aegis Capital Group LLC (“Aegis”) is a specialty investment firm managing private equity and venture capital funds focused on U.S. and Canadian small and medium-sized businesses. Aegis supports the social benefits of entrepreneurship and local job creation and its team often adds value in management or advisory capacities that go well beyond the ancillary support services typically provided by investors.

Aegis’ management team has over five decades of combined experience investing in, managing and operating, and providing investment banking and corporate law services to a broad array of businesses.

Through sophisticated fund structures, Aegis seeks to provide superior risk-adjusted returns to its investors, often capitalizing on tax-advantaged opportunities for both its portfolio companies and directly for its investors.

SkyPort Global Communications, Inc.
1.800.822.2961
pr@skyportglobal.com

 

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