Homaira Akbari Joins SkyBitz as CEO and Director of the Board

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STERLING, Va. - October 17, 2007 - SkyBitz, the leading satellite-based asset tracking and information management service provider, announced today that the board of directors has elected Dr. Homaira Akbari as chief executive officer effective immediately. Additionally, Dr. Akbari will join SkyBitz's Board of Directors. Dr. Akbari has more than 17 years of strategic, sales & marketing, product development and operational experience across many critical high-technology industries including software applications, IT services, security systems for homeland defense, telematics and location-based services, and telecom.

"We are delighted to have been able to attract a candidate of such high caliber", said SkyBitz Chairman, Chuck Teubner. At this pivotal point in the company's growth we need a CEO to take the company to the next phase of development and Dr. Akbari is the perfect executive to lead the company into the future. Having laid a solid foundation, our focus is set on business growth, increasing our product offering, strengthening service delivery, and expansion into new markets and applications, and internationally. We are confident that Dr. Akbari is the right leader for the SkyBitz team as we capitalize on the many opportunities that lie ahead."

Dr. Akbari was most recently executive vice president of operations at TruePosition, a leading provider of wireless location technologies and solutions and a subsidiary of Liberty Media Corporation, where she led product line management and development, customer support and services, and supply chain management, ensuring that the company delivered products and solutions that bring value to its customer base. While at TruePosition, she was instrumental in increasing customer satisfaction and building a scalable operational growth platform.

"I am pleased to join SkyBitz at such an exciting time in the company's evolution," said Homaira Akbari, chief executive officer of SkyBitz. "Throughout my career, I have participated in building high growth, international organizations, and my goal is to build on the momentum SkyBitz has established and to create one of the world's largest mobile asset management companies. The culture of customer focus, innovation, and execution at SkyBitz represents values which I already embrace, and make this a natural fit."

Prior to joining TruePosition, Dr. Akbari was senior director for Microsoft, where she was responsible for Enterprise Specialist and Partner sales for the EMEA region spanning Europe, the Middle East and Africa. Before Microsoft, Dr. Akbari was chief operating officer of Thales Telematics, leading the company's growth initiatives into new customer segments and new geographies internationally including market launches in France, Germany and China, and served as the chief strategist for Thales IT&S Business Area. Previously, Dr. Akbari was a principal at Cambridge Strategic Management Group (CSMG), a management consulting firm specializing in high-technology industries and venture capital and equity funds, and worked as a scientist at CERN, the European Center for Nuclear Research.

Dr. Akbari holds a Ph.D. with honors in particle physics from Tufts University and an MBA with distinction from Carnegie Mellon University.

SkyBitz has recently been named #1 in the Virginia Deloitte Fast 50, an annual award recognizing the fastest-growing companies in Virginia. The company was also recently named 112th on the Inc. 500's annual list of The Fastest Growing Private Companies in America. SkyBitz ended 2006 with nearly 64 percent revenue growth from the previous year More than 440 fleets now rely on the patented SkyBitz GLS technology to track in excess of 140,000 mobile assets.

About SkyBitz
SkyBitz developed the revolutionary Global Locating System (GLS) technology to give customers the ability to track un-powered assets by utilizing wireless satellite technology and centralized position calculations. The two-way GLS satellite communicator is compact, easy to install and provides multi-year battery life. More than 440 fleets currently rely on the cost-effective SkyBitz GLS technology to track more than 140,000 trailers and containers and achieve total asset visibility, improve security, lower operating costs and enhance customer service. Headquartered in Sterling, Va., SkyBitz is a privately held company financially backed by CIBC Capital Partners, AIG Highstar Capital, Inverness Capital Partners, Motorola Ventures and ITV a fund of Cordova Ventures. For additional information, visit www.skybitz.com . http://www.skybitz.com/newsroom/press_release.jsp?id=561














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