Kendall Cowan joins the Board of Directors of ICO North America
Reston, VA. - April 6, 2006 - ICO North America (ICO) announced today that Kendall Cowan has joined its board of directors, effective April 1, 2006. Cowan will serve as an independent director for ICO, and will become chairman of the board's audit committee.
Cowan was the chief financial officer of Alamosa Holdings, Inc. since December 1999, and has been a director of that company since 2003. Prior to joining Alamosa Holdings, Cowan served in public accounting for twenty five years including serving as a partner with Coopers & Lybrand, now a part of PricewaterhouseCoopers. Cowan is also a director of several private companies.
"We are delighted that Kendall is joining our board at such a pivotal time in the company's life," noted Craig McCaw, ICO's chairman. "As we press forward to the commencement of operations next year, Kendall will not only serve as an extremely helpful resource on the financial side, but on the operating side as well. I know that my fellow board members and I look forward to Kendall's valuable contributions."
ICO North America's hybrid satellite/terrestrial MSS system is scheduled to be operational in July of 2007. Its MSS satellite is being built by Space Systems/Loral, Inc. ("Loral"). Loral and ICO North America have completed certification of all applicable FCC milestones, to date.
In August 2005, ICO North America issued $650 million in privately placed debt securities to fund its advanced hybrid 2 GHz MSS system.
About ICO North America, Inc.(ICO) - www.ico.com
ICO North America, Inc. is a satellite communications company based in Reston, Va. ICO plans to offer advanced wireless voice, data, and Internet services in North America, using handsets similar to existing cellular phones. The company's technology and service offering adds redundancy to existing terrestrial networks, positioning ICO to uniquely address growing national security and public safety needs. ICO North America, Inc. is a subsidiary of ICO Global Communications (Holdings), also headquartered in Reston.
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