GeoEye Successfully Resolves Nasdaq Compliance Issue

GeoEye-1 Continues to Make Progress During Its Calibration and Checkout Period

GeoEye, Inc. (NASDAQ: GEOY), a premier provider of satellite, aerial and geospatial information, announced the Company had received notice from Nasdaq that as a result of filing its restated financial reports and current quarterly report on Form 10Q on Sept. 8, all compliance issues have been resolved, and GeoEye remains in good standing on The Nasdaq Global Market exchange. Consequently, GeoEye's mid-October hearing before a Nasdaq Listing Qualifications Panel has been cancelled since the issue is now moot.

In addition, as announced on Sept. 6, GeoEye successfully launched and deployed GeoEye-1, the world's highest resolution, commercial Earth-imaging satellite.  The satellite is now undergoing its on-orbit checkout and calibration period.  Bill Schuster, GeoEye chief operating officer, commented, "The checkout of our GeoEye-1 satellite continues to go as expected. We and General Dynamics Advanced Information Systems, who built the satellite, are pleased with the performance and checkout progress of GeoEye-1.  We expect to fully test the camera and produce imagery in the near future."