Company to Implement New Shareholder Communications Program
SPACEHAB, Incorporated, a leading provider of commercial space services, today
announced that it has retained Investor Relations International (IRI) to
expand the Company’s strategic investor relations program.
“During the past few years, we have gone through a successful turnaround
phase that resulted in growing revenue streams, margin enhancements, the
strengthening of our balance sheet, and, as a result, the achievement of
profitability, as reported earlier this month,” said Dr. Shelley A. Harrison,
Chairman and Chief Executive Officer of SPACEHAB. “Although there is no
assurance that this past quarter’s financial results are sustainable in the
short-term, we believe we have reestablished SPACEHAB’s potential for longer-
term financial and operational growth.”
Continued Dr. Harrison, “We believe the financial community is generally
unaware of our recent turnaround and we will look towards Investor Relations
International to assist us in developing and implementing a program designed
to increase our company’s exposure to existing and potential investors. The
agency has an outstanding track record of program successes and we look
forward to the increased visibility for SPACEHAB that our relationship will
enhance,” concluded Dr. Harrison.
Haris Tajyar, Managing Partner of Investor Relations International, said,
“We are excited about working with SPACEHAB, a very unique company that we
believe is under-appreciated by investors. The company represents the only
pure space play on Wall Street, is significantly undervalued relative to its
growth outlook, and is headed by a management team that has expressed a strong
commitment to enhancing shareholder value. Our goals are to improve national
visibility and sponsorship throughout the financial community, creating a more
appropriate market valuation and understanding of the potential of SPACEHAB,”
concluded Mr. Tajyar.
To be added to SPACEHAB’s investor e-mail and/or fax lists, please contact
Haris Tajyar of Investor Relations International at htajyar@irintl.com.
About Investor Relations International, Inc.
Investor Relations International, Inc. (IRI) http://www.irintl.com is a
full-service investor relations firm serving clients from New York to China.
The principals of IRI have received top industry awards for their investor
relations programs for a number of high-profile companies, including, but not
limited to, Starwood Hotels & Resorts Worldwide, ValueVision Media, Taro
Pharmaceuticals and Qiao Xing Universal Telephone. The firm’s principals have
executed effective investor relations programs for dozens of public companies,
ranging from emerging micro-cap companies to multinational corporations with
market capitalizations in excess of $15 billion. For further information on
IRI, please visit the firm’s Website at http://www.irintl.com .
About SPACEHAB, Inc.
SPACEHAB, Incorporated is a leading provider of commercial space services.
The Company develops, owns, and operates habitat and laboratory modules and
cargo carriers aboard NASA’s Space Shuttles. Its Johnson Engineering
subsidiary provides orbiter crew compartment integration, ISS stowage and
configuration management, supports astronaut training, and builds space-flight
mockup trainers at NASA’s Johnson Space Center in Houston. SPACEHAB’s
Astrotech subsidiary provides commercial satellite processing services at
facilities in California and Florida. Additionally, through The Space Store,
Space Media provides space merchandise to the public and space enthusiasts
worldwide (http://www.thespacestore.com ).
This release contains forward-looking statements that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those projected in such statements. Such risks and
uncertainties include, but are not limited to, whether the Company will fully
realize the economic benefits under its NASA and other customer contracts, the
timing and mix of Space Shuttle missions, the successful development and
commercialization of new space assets, technological difficulties, product
demand, timing of new contracts, launches and business, market acceptance
risks, the effect of economic conditions, uncertainty in government funding,
the impact of competition, and other risks detailed in the Company’s
Securities and Exchange Commission filings.
CONTACT: Julia A. Pulzone, Chief Financial Officer of SPACEHAB, Inc. —
Washington Office, +1-202-488-3500, +1-888-647-9543, pulzone@hqspacehab.com;
or Haris Tajyar, Managing Partner of Investor Relations International,
+1-818-981-5300, fax: +1-818-981-5303, or htajyar@irintl.com
