To: SKIP PAUL who wrote (8010 ) 11/24/1999 5:14:00 AM From: Geoff Goodfellow Read Replies (1) | Respond to of 29986
American Mobile's Bundled Lease Program Offers Increased Flexibility to Transportation Industry Customers Lease Offering Through Lease Corporation of America Makes Wireless Communications Affordable and Practical to a New Segment of the Trucking Industry RESTON, Va.--(BUSINESS WIRE)--Nov. 11, 1999-- American Mobile Satellite Corporation (NASDAQ: SKYC - news) today announced a bundled leasing program that will make wireless data communications affordable and practical to a new category of small and medium-sized trucking firms. The trucking industry is a key market segment for American Mobile and represents about one-third of the company's customer base. The leasing program is offered through Lease Corporation of America (LCA) in conjunction with American Mobile's recent launch of MobileMAX2(TM) Multi-mode data messaging product. Starting at $89 per vehicle per month, the lease offering is 40 percent lower than competitor pricing for similar programs. Under terms of the bundled lease, customers will receive MobileMAX2 hardware, monthly service, a network communications connection, software, and cabling for a comprehensive vehicle monitoring system, a quantity of 880 Automatic Vehicle Location reports, a five-year software license and a five-year equipment maintenance warranty. ``Large trucking firms have long enjoyed the benefits of wireless data communications offered through our Multi-mode solution,' said Robert L. Goldsmith, American Mobile executive vice president and chief operating officer. ``With the introduction of this flexible leasing program trucking firms of all sizes can benefit from the fleet management and monitoring made available through wireless data communications.' ``Bundled leasing will benefit both the trucking industry and American Mobile,' said Alex McCormick, president of LCA, ``and we are pleased to provide an accessible, innovative financing alternative for this product.' American Mobile introduced MobileMAX2 in early November at the American Trucking Association Management Conference and Exhibition in Orlando, Florida. MobileMAX2 is the only fleet management solution available in an integrated equipment package that combines both land-based and satellite technology, using the fully deployed ARDIS© network owned and operated by American Mobile. About Lease Corporation of America Lease Corporation of America ( leasecorp.com ), with headquarters in Troy, Michigan, was formed in 1987 with the primary goal to respond to the needs of the business community with cost-effective, client-oriented financial services. The corporate objective from the first day was to provide total financial packages that were designed to aid the manufacturers and vendors in shortening the sales cycle, and to facilitate the placement of more technology-oriented products in the marketplace. About American Mobile American Mobile ( ammobile.com ) owns and operates an integrated terrestrial/satellite network and provides a wide range of mobile communications services, including digital voice dispatch, data communications, dual-mode mobile messaging, position reporting services, and satellite telephone to all 50 states, Puerto Rico, the U.S. Virgin Islands, and hundreds of miles of U.S. coastal waters. American Mobile services are used in the transportation, field service, maritime, emergency management, and telemetry markets and with eLink(SM) in the two-way wireless email market. Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release are described in American Mobile Satellite Corporation's registration statement 0n form S-3 (File No. 333-81459) and in American Mobile's annual report on Form 10-K for the year ended December 31, 1998 and its other periodic filings and reports with the Securities and Exchange Commission. Copies of such reports and filings are available upon request from American Mobile Satellite Corporation's Investor Relations Department. -------------------------------------------------------------------------------- Contact: American Mobile, Reston David Wonderling, 703/716-6375 david.wonderling@AmMobile.com or Nancy Gordon, 703/716-6321 nancy.gordon@Ammobile.com