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Remote Knowledge Strengthens Board of Directors

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Remote Knowledge, Inc. , a developer of remote communications and telematics solutions, and Iridium Satellite, a provider of worldwide mobile satellite communications services, today announced additions to its Board of Directors. Terry Strange, Steven Phelps, Dan Granader and Craig Johnson have all accepted seats on the Board as of September 15, 2004. Mr. Strange's acceptance is subject, however, to clearance by the compliance committees of the other Public Boards he currently resides. Until such approval has been granted, which he fully expects to receive, Mr. Strange will remain on the company's advisor board, a position he has held for the past year.

Terry Strange was previously Vice Chairman and Managing Partner of the US and Worldwide audit business of KPMG, LLP. From 1968 until he retired in June 2002, Mr. Strange's 34 years with KPMG were spent principally in public accounting where he audited publicly held companies. Mr. Strange has also participated in and acted as keynote speaker for several seminars dealing with corporate governance and the role of audit committees. Currently Mr. Strange is a member of the board of directors and audit committee of three New York Stock Exchange listed companies including Bearing Point, Inc., Compass Bancshares, Inc. and New Jersey Resources, Inc.

Steve Phelps has served on the Remote Knowledge advisory board since January 2002. Mr. Phelps is part of the management team for Phelps Insurance; a family owned and operated business for over 35 years and one of the largest State Farm Agencies in the United States. In 1997, Mr. Phelps was appointed to serve as a Commissioner for the Port of Houston Authority, the sixth largest Port in the world. From 1984 to 1997, Mr. Phelps was a judge in Harris County, Texas. In addition to these business activities, Mr. Phelps is an active real estate and oil and gas investor, both independently and as a partner in various ventures including with members of his family. Mr. Phelps serves on the board of directors of Alto Springs, Inc., Priority Development Corporation and the East Harris County Senior Citizens Board.

Dan Granader is a businessman and investor in various enterprises. From 1987 through 1998, Mr. Granader owned 13 World Gym locations, and was the largest franchisee of World Gym until he sold his operation to 24 Hour Fitness in 1998. From 1981 to 1987, Mr. Granader was the owner-operator of seven McDonald franchises in the Houston, Texas area.

Craig Johnson serves as President of Stallion Oilfield Services, which he founded 2003. Prior to that, he was president and chief Executive of Q Services, which he founded in 1993 and was acquired by Key Energy Services in 2002. Previously, Mr. Johnson was a key participant with Petroleum Equipment Tools Company in 1983, which was purchased by Weatherford International Inc. in 1991, where he served until 1993.

"We are pleased to add individuals of such high caliber to our Board of Directors at Remote Knowledge," said Chief Executive Officer Randy Bayne. "These new directors bring a wealth of business acumen deriving from long and successful careers in their respective fields. Their experience affords the company the specific knowledge necessary for the proper operation of a public company in today's environment. In addition, their years of operational understanding of the key markets targeted by the company for the sale and distribution of our communications products and services will prove invaluable."

About Remote Knowledge

Remote Knowledge, Inc., based in Houston, Texas, develops, markets and delivers end-to-end communications and innovative asset management solutions to remote regions anywhere in the world. Enabled by its proprietary telematics technologies, Remote Knowledge provides real-time location-based services via two-way wireless data transfer linked with GPS connectivity. Remote Knowledge's products are designed to service the marine pleasure craft, recreational vehicle, commercial maritime, construction, and oil and gas industries.

Forward-Looking Statements

This information contains forward-looking statements that relate to our business. Such statements are not guarantees for future performance, and actual results could differ materially from those expressed or implied in such statements as a result of certain factors. All statements, other than statements of historical facts, included in this information that address activities, events or developments that we expect, believe, intend or anticipate will or may occur in the future, including the following matters, are forward-looking statements. These statements are based on certain assumptions and analyses made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. These forward-looking statements are subject to risks and uncertainties, including those associated with the availability of additional financing on favorable conditions; general economic; market and business opportunities that may be presented to and pursued by us; changes in laws or regulations; and successful exploitation of our market opportunities. Significant factors that could prevent us from achieving our stated goals include our inability to obtain financing for research and development, manufacturing, and marketing expenditures, our inability to compete against existing or future competitors, a substantial increase in the cost of our products; declines in the market prices for our products; and adverse changes in our target markets. We undertake no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.



 
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Updated: 2:59 PDT     402

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