December 21, 2008 – (Houston, TX) – Aegis Texas Venture Fund, LP (“Aegis”) is pleased to announce its $2.25 million debt with warrants investment in SkyPort Global Communications, Inc. ("Skyport") a leading provider of satellite communications solutions.
Patrick K. Brant, President and CEO of SkyPort, said: “To meet our growth initiative it is important for SkyPort to continue its sales momentum and technological enhancements. The debt financing from Aegis helps us accelerate our plans. Given the uncertainty within the credit markets, we are excited to be in a position to strengthen our balance sheet and overall business fundamentals. Aegis worked diligently with our team to put this financing in place prior to the end of 2007. We are very impressed with the quality of their service”.
SkyPort is a global communications carrier providing managed, secure, broadband satellite and terrestrial communication services. The company’s discriminating clients rely on it to provide end-to-end voice, video, and data solutions, that are fast and designed to be 99.999% reliable. Customers in sectors such as Energy, Military, Government, Enterprise, and others, depend on SkyPort’s carrier class solutions for their critical communications.
SkyPort was founded in 1999, and is headquartered in Houston, TX. With its global network, engineering expertise, and owned infrastructure at the highly secure Ellington Field Joint Reserve Base in Houston, SkyPort continues to exceed the security and reliability standards of its growing list of clients. SkyPort was honored by the World Teleport Association as the fastest-growing teleport operator in 2006; and received the National Guard’s Minuteman award in 2005 for outstanding disaster support during Hurricane Katrina.