Stratos Seeks Interim Adjustments to Financial Covenants and Anticipates Improvement in Q4 Financial Performance



    BETHESDA, MD, Jan. 31 /CNW/ - Stratos Global Corp. (TSX: SGB), the
leading provider of advanced mobile and fixed-site remote communications
solutions, today announced that it will seek temporary adjustments for 2007 to
certain of the financial covenants under its senior credit facilities. The
proposed adjustments are designed to address restrictions that become more
progressive at the end of the first quarter of 2007 under the current terms of
its senior credit facilities. The proposed adjustments, which must be approved
by a majority vote (based on outstanding commitments) of the existing lenders
under the Corporation's senior credit facilities, will provide the Corporation
with additional flexibility while it completes the integration of Xantic B.V.
    The Corporation also announced that it expects fourth-quarter results to
reflect modest growth in revenue compared to the third quarter and continued
strong improvement in segment earnings(*) compared with adjusted segment
earnings of $18.7 million reported in the third quarter.
    The Corporation will report fourth-quarter and full-year 2006 results on
Thursday, February 15, 2007, following the close of the Toronto Stock
Exchange. Jim Parm, president and chief executive officer, and Al Giammarino,
executive vice president and chief financial officer, will conduct a
conference call with analysts to discuss these results at 8:30 a.m. EST,
Friday, February 16, 2007.
    To access the conference call, please dial 1-800-733-7571. A live audio
webcast of the call will be available at:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1713580. A replay of
the conference call also will be available through Friday, February 23. To
access the replay, please call 1-877-289-8525 and use access code 21217057
followed by the number sign.

    About Stratos Global

    Stratos Global Corp. (www.stratosglobal.com) is a publicly traded company
and the leading global provider of a wide range of advanced mobile and
fixed-site remote communications solutions for users operating beyond the
reach of traditional networks. With its owned-and-operated infrastructure and
extensive portfolio of industry-leading satellite and microwave technologies,
including Inmarsat, Iridium, Globalstar, MSAT and VSAT, Stratos serves the
voice and high-speed data connectivity requirements of a diverse array of
markets, including government, military, energy, industrial, maritime,
aeronautical, enterprise, media, and recreational users throughout the world.

    Caution Concerning Forward-Looking Statements

    This document contains statements and information about potential future
circumstances and developments. Such statements and information are qualified
by the inherent risks and uncertainties surrounding future expectations
generally and may differ materially from Stratos Global Corporation's actual
future results. For additional information with respect to these risks and
uncertainties, reference should be made to the Corporation's continuous
disclosure materials filed with Canadian securities regulatory authorities,
including the risk factors described in our annual information form and to the
prospectus contained in the Corporation's registration statement filed with
the U.S. Securities and Exchange Commission on Form F-4. Stratos Global
Corporation disclaims any intention or obligation to update or revise any
forward-looking statements or information, whether as a result of new
information, future events, or otherwise.

    (*)Segment earnings is defined by the Corporation as earnings before
    interest expense, depreciation and amortization, other costs (income),
    non-controlling interest, equity in earnings of investee, and income
    taxes.
    %SEDAR: 00003648E




For further information:

For further information: Investor Contact: Alfred Giammarino, Executive
Vice President and CFO, (301) 968-1926, alfred.giammarino@stratosglobal.com

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STRATOS GLOBAL CORPORATION

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