Full Press Release Details
SPACEHAB ANNOUNCES NEW ADDITIONS TO BOARD OF DIRECTORS
Texas, January 25, 2008 SPACEHAB Incorporated,
(NASDAQ: SPAB), a provider of commercial space services,
today announced the Company s Board of Directors has approved the addition of
General (Ret.) Lance W. Lord, R. Scott Nieboer, John A. Oliva, and William F.
Readdy to SPACEHAB s Board of Directors.
(Ret.) Lance W. Lord
General (Ret.) Lance Lord
served as Commander of Air Force Space Command at the Peterson Air Force Base in Colorado where he
oversaw a global network of satellite command and control, communications, missile warning and launch
facilities, and ensured the combat readiness of America s intercontinental ballistic missile force. The
recipient of several prestigious military decorations throughout his career including the Distinguished
Service Medal, Legion of Merit, and the Defense Meritorious Service Medal General Lord entered the
Air Force in 1969 and retired in 2006.
R. Scott Nieboer is a
Manager of Trace Management, LLC which directs Trace Partners, LP, an
investment partnership, and Chief
Manager of Curtiswood Capital, a wholly owned subsidiary of Trace Partners, LP.
A Broker-Dealer registered
with the Financial Industry Regulatory Authority (FINRA) (NASD), Nieboer also serves as Chief Executive
Officer of a startup company, 5th Market, Inc.
which specializes in electronic complex trading systems for
institutional investors.
John A. Oliva has 26 years
of experience in the private equity, investment banking, capital markets,
branch management, and asset
management sectors. He is the Managing Principal of Capital City Advisors Inc. (CCA), a NASD/FINRA
registered broker/dealer and independent investment banking and advisory firm. Since 2002, CCA
has provided financial advisory services, including mergers and acquisitions
and raising expansion capital to select
mid-tier companies. Mr. Oliva, who holds eight NASD/FINRA licenses
including the Managing Principal and
Financial Principal licenses, also co-manages the Indo-American Growth Fund.
William F. Readdy dedicated
more than 30 years of service to the United States as a military officer, pilot astronaut, and civil service
executive. A decorated naval aviator, Readdy joined NASA in 1986 and was tapped for the astronaut corps just
one year later. Throughout his astronaut career, Readdy logged more than 672
hours in space on three shuttle
missions serving as commander on his third flight, STS-79. In 2001, Readdy was appointed as NASA s
associate administrator for space operations where he led a $6 billion-a-year
enterprise comprising five major
programs, four field installations, and more than 40,000 civil servant and
contractor employees. Among many awards
of distinction Readdy earned throughout both his military and NASA careers,
Meritorious Rank Executive by President George W. Bush and awarded NASA s
highest honor, the Distinguished
Service Medal twice.
The Board determined that
John A. Oliva qualifies as an independent director and financial expert and was appointed Chairman of
the audit committee. He joins Barry Williamson and Mark Adams on the committee.
SPACEHAB is both delighted
and honored with the addition of this distinguished group of outstanding leaders in their respective
fields, said SPACEHAB, Inc. Chief Executive Officer, Thomas B. Pickens, III. Their collective
experience is as successful as it is diverse, qualities from which SPACEHAB and
its shareholders will most
certainly benefit in the near and long term future. With our new board members the Company is ideally
positioned to move into our identified markets of opportunity with clear direction, said Pickens.
SPACEHAB, Incorporated
SPACEHAB is a commercial and
entrepreneurial force in the space industry providing a full spectrum of products and services to
both the government and private sectors. The Company offers space access and payload integration
services, production of valuable commercial products in space, spacecraft
pre-launch processing facilities and
services, development and extension of space-based products to the consumer market, and program and
engineering support ranging from development and manufacturing of flight hardware to large scale
government project management.
The statements in this document may
contain forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks, trends, and uncertainties that could
cause actual results to be materially different from the forward-looking
statement. These factors include,
but are not limited to, continued government support and funding for key space
programs, product performance and market
acceptance of products and services, as well as other risk factors and business
considerations described in the
company s Securities & Exchange Commission filings including the
annual report on Form 10-K. Any forward-looking statements in this
document should be evaluated in light of these important risk factors. The
Company assumes no obligation to update
these forward-looking statements.
Eva-Marie deCardenas
Corporate Marketing and