SkyTerra Communications Further Extends Expiration Date for Offer to Issue Its Options

RESTON, Va. --(Business Wire)-- SkyTerra Communications, Inc. (OTCBB:SKYT) announced today that it has further extended the expiration date for its previously announced offer (the "Offer") to issue options to purchase shares of common stock of SkyTerra, in replacement of and upon termination of options to purchase limited partnership units of Mobile Satellite Ventures L.P. ("MSV"). The Offer is being made pursuant to an amended prospectus dated May 15, 2008, and related supplemental materials, which more fully set forth the terms of the Offer. The Offer is scheduled to expire at 5:00 p.m., New York City Time, on Monday, July 21, 2008, and SkyTerra has extended it to 5:00 p.m., New York City Time, on Wednesday, August 6, 2008, unless further extended. As of 4:00 p.m. New York City Time on July 18, 2008, options to purchase... [read full story]