Space Imaging announced
today that it has signed an agreement to acquire Pacific Meridian
Resources (Emeryville, Calif.).

The acquisition will enable Space Imaging to significantly expand
its offerings of value-added, visual Earth information products to its
customers and also increase Pacific Meridian’s product offerings in a
number of vertical market areas. Pacific Meridian will become a wholly
owned subsidiary of Space Imaging. The agreement was signed March 14,
2000. The terms of the agreement were not disclosed.

“Pacific Meridian Resources will provide tremendous value toward
developing visual information products to meet our customers’ needs,”
said John Copple, Space Imaging’s chairman and chief executive
officer. “Pacific Meridian Resources will help us expand our
capabilities in product applications, analysis and decision support

“This merger is a natural fit for both our companies,” said Kass
Green, Pacific Meridian’s president. “Our experience in image
classification, applications development, and Web technology will
allow Space Imaging to offer complete, end-to-end information
solutions. Pacific Meridian will gain access to new markets and
resources, but as a wholly owned subsidiary, will continue to serve
its existing clients.”

Space Imaging acquired Pacific Meridian Resources, a leading
value-added information company, to add the technology, tools and
resources Pacific Meridian offers for value-added applications and
visual information products to the product and service offerings of
Space Imaging. Pacific Meridian Resources has extensive experience
developing products and services for land use mapping, growth
monitoring, fire modeling, change detection, toxic waste site
management, pipeline siting, forestry inventorying, environmental
assessment and land management.

Pacific Meridian Resources’ activities in GIS and remote sensing
include using satellite imagery and advanced image processing
techniques to create land use and land cover maps for a number of
markets. Pacific Meridian Resources has created information-rich
databases and classifications as well as geospatial software for
quantitative and statistical analysis, spatial modeling, growth
simulation, change detection and various GIS applications. Pacific
Meridian Resources also develops customized Web interfaces for
vertical markets.

Kass Green will be president of the wholly owned subsidiary,
Pacific Meridian Resources, and lead the expansion of the Space
Imaging value-added business.

About Pacific Meridian Resources

With its corporate headquarters in Emeryville, Calif., Pacific
Meridian Resources has 70 employees located in eight different offices
across the United States. The company was founded in 1988 to pioneer
the use of satellite imagery, geographic information systems (GIS)
integration, and remote sensing application development. The company’s
services include online mapping services, software development for
land use assessment and management, GIS and remote sensing services
and market consulting.

About Space Imaging

Space Imaging is a leading supplier of space imagery, aerial
photography, mapping services, and derivative geographic information
products and services. The company launched the world’s first and only
one-meter resolution, commercial imaging satellite, IKONOS, on
September 24, 1999. Space Imaging also collects and/or distributes
Earth imagery from the Indian Remote Sensing satellites, the U.S.
Landsat, Canada’s RADARSAT and the European Space Agency’s ERS
satellites. In addition, Space Imaging distributes imagery from the
Japanese JERS imaging system archive. The company also delivers
aerial-derived imagery products collected by its own Digital Airborne
Imaging System (DAIS-1(TM)).