GeoEye Names Randall J. Scherago Vice President of Investor Relations

DULLES, Va., July 30 /PRNewswire-FirstCall/ -- GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite, aerial and geospatial information, today announced the appointment of Randall J. Scherago as Vice President of Investor Relations. Mr. Scherago, with his extensive background in public equities research and investment management, will be responsible for developing and executing a comprehensive investor relations program and increasing communication with the investor community.

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Joe Greeves, GeoEye's Executive Vice President and Chief Financial Officer, said, "Randy brings a wealth of public equity and investment industry experience to our management team, and he should be very helpful in proactively communicating GeoEye's values and goals to our long-term investors in a timely and consistent fashion."

"My number one priority is to ensure our investor relations programs are of the highest quality," said Scherago. "GeoEye is a leader in the geospatial industry, and I am excited to step into this position at a time when location-based information services are moving into mainstream markets."

Mr. Scherago has a strong background in finance and investments with more than 23 years of experience in the finance, venture, and public equity markets. He has significant experience interacting with senior institutional equity portfolio managers at pension funds, foundations, hedge funds, and mutual funds. Prior to joining GeoEye, he served as an investment manager with Ironbound Capital Management where he was responsible for evaluating and recommending mid- and large-capitalization companies for inclusion in a $1 billion global value hedge fund. Mr. Scherago was a senior research analyst at Furman Selz, Inc., Robertson Stephens, Dean Witter, Prudential Securities Inc., First Albany Capital and a portfolio manager at the Paribas U.S. Growth Fund.

About GeoEye

GeoEye's products and services enable timely, accurate, and accessible location intelligence. The company is recognized as one of the geospatial industry's most trusted imagery experts, delivering reliable service and exceptional quality imagery products and solutions to customers around the world. GeoEye has developed an advanced information technology infrastructure for collecting, receiving, processing and distributing imagery information products and processing services to the U.S. Government including the national security community as well as international governments and commercial customers. These products serve applications including defense and intelligence, precision mapping, on-line mapping, infrastructure development, planning and monitoring, and environmental assessment. The company collects tens of millions of square kilometers of imagery per year with its existing satellites and aerial assets, which includes GeoEye-1, the world's highest resolution commercial imaging satellite. The company also provides support to academic institutions and non-governmental organizations through the GeoEye Foundation ( http://www.geoeyefoundation.org). Headquartered in Dulles, Virginia, GeoEye is a public company listed on the NASDAQ stock exchange under the symbol GEOY. It maintains a comprehensive Quality Management System (QMS) and has achieved company-wide ISO accreditation. For more information, visit http://www.geoeye.com/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 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. Statements including words such as "anticipate", "believe", or "expect" and statements in the future tense are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. GeoEye'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 EDGAR web site, http://www.sec.gov/, or by contacting: William L. Warren, Senior Vice President, General Counsel and Secretary, at 703-480-5672.

SOURCE GeoEye, Inc.

Web site: http://www.geoeye.com/




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