announced today that the subscription period for its
previously announced rights offering to its shareholders commenced on February
11, 2005 and will expire at 5:00 p.m., New York City time, on March 14, 2005,
unless extended in the sole discretion of ORBIMAGE Inc. Holders of the
Company’s common stock on February 10, 2005 (the previously announced record
date for the rights offering) have been issued rights to purchase in aggregate
3,258,406 investment units (each unit consisting of one share of common stock
and one five year warrant to purchase a share of common stock at $10.00) for a
price per unit of $10.00 per unit. The issue of securities in the rights
offering represents new financing for the Company.

A written prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, may be obtained from the office of the
Rights Agent, The Bank of New York , 101 Barclay Street, New York NY 10286 or
by calling 1-800-507-9357.


ORBIMAGE is a leading global provider of Earth imagery products and
services, with digital remote sensing satellites and an integrated worldwide
image receiving, processing and distribution network. In addition to the high-
resolution OrbView-3 satellite, ORBIMAGE operates the OrbView-2 ocean and land
multispectral imaging satellite and the SeaStar Fisheries Information Service,
which provides maps derived from essential oceanographic information to aid in
commercial fishing. ORBIMAGE also produces value-added imagery products and
advanced photogrammetric engineering services at its St. Louis facility. The
company distributes its products directly to the U.S. government for national
security and related mapping applications. Commercial sales are handled
through a worldwide network of value-added resellers, regional distributors,
sales agents, and select strategic partners.

To find more information about ORBIMAGE, please see our web site at