Psi Systems, Inc. Changes Name to UltiSat, Inc.

October 1, 2008

Psi Systems, Inc. Changes Name to UltiSat, Inc.
New Name Reflects Company's Commitment to Ultimate Satellite Solutions with Premium Customer Service

Gaithersburg, MD, USA, October 1, 2008 — Psi Systems, Inc. (Psi-Sys), a leading global satellite communications provider and systems integrator, today announced a new name and identity to better reflect the mission and future direction of the company. Effective immediately, Psi-Sys will be known as UltiSat, its new web address will be www.ultisat.com and its new business address will be:

708 Quince Orchard Rd. Suite 120
Gaithersburg, MD 20878 USA

“We believe that this name change provides a stronger positioning for our company, both here in the USA as well as on the international front,” said Moe Abutaleb, president of UltiSat. “As a provider of true global connectivity, UltiSat will continue to provide its customers with the most effective connectivity solutions wherever their end users are located."

All current operations and business relationships will continue under the new name UltiSat and this name change does not affect the company’s legal status, corporate or ownership structure in any way.

UltiSat delivers advanced network solutions that enable communications to the most harsh and remote spots on the planet. From battlefields to enterprise headquarters, city centers to remote islands, and teleports to flyaways, UltiSat offers truly global coverage for governmental, nongovernmental, disaster relief and enterprise customers. The company has delivered a wide range of global satellite communications networks and integrated solutions to a diverse portfolio of end users over the past five years. UltiSat is also a GSA SATCOM II contract awardee.