ELLIPSO, INC. NAMES F. WHITTEN PETERS TO BOARD OF DIRECTORS

WASHINGTON, DC, May 25, 2001 -- Ellipso, Inc. today announced that former Secretary of the Air Force F. Whitten "Whit" Peters has been elected to its Board of Directors. Peters, an acknowledged expert in space technologies, served as Under Secretary and Secretary of the Air Force from 1997 to 2001. Prior to that, he served as Principal Deputy General Counsel at the Department of Defense.

"We are delighted to have Whit Peters join us. He has an extraordinary record of achievement as a public servant and in the legal profession," said Dr. David Castiel, President and Chairman of Ellipso, Inc. "We look forward to benefiting from his advice and proven judgment in moving ahead with our satellite systems."
Peters, noting the challenges facing both commercial and military users of space, said, "Ellipso, through its Virtual GEO System, is positioned with the technology and the will to redefine the debate on the availability of spectrum and spectrum management. I am pleased to help them advance their technologies."

Peters, a graduate, magna cum laude, of Harvard College also holds a Doctor of Laws, magna cum laude, from Harvard Law School and currently is a partner in the Washington, DC, law firm of Williams & Connolly, LLP. Peters also is a graduate of the Naval Candidate School in Newport, Rhode Island, and obtained his Master of Science degree in economics, with distinction, from the London School of Economics, London.

Ellipso, Inc., a private company headquartered in Washington, D.C., is currently designing and constructing the Ellipso™ satellite-based global communications system that will provide low cost and high quality digital voice and data services worldwide. Utilizing unique and patented elliptical orbits, the Ellipso™ system will provide voice, data, facsimile, paging and geolocational services to subscribers around the world at prices significantly lower than competing systems.