Satellite Industry Leader Steven Dorfman Joins ProtoStar’s Board of Directors

New Asian Direct-to-Home (DTH) Satellite Provider Adds Veteran Executive

San Francisco, Calif. – November 29, 2005 - ProtoStar, a Bermuda corporation with principal U.S. operations in San Francisco, California, announced today that Steven Dorfman has joined its Board of Directors. The addition of Mr. Dorfman, who retired as Vice Chairman of Hughes Electronics and is a recognized world leader in satellite communications, joins the Board as ProtoStar continues to accelerate its development. ProtoStar was formed to acquire and operate high-power geostationary satellites optimized for direct-to-home (DTH) satellite television services in the Asia-Pacific region and is funded by leading private equity investors New Enterprise Associates (NEA) and SpaceVest.

During his time at Hughes, Mr. Dorfman served as CEO of Hughes Space and Communications Company, the world’s leading builder of communication satellites, Hughes Communications, a leading owner and operator of communication satellites and Hughes Telecommunications and Space, a unit responsible for the above businesses plus the international development of DirecTV. While CEO of Hughes Communications, Mr. Dorfman was responsible for the development of the Galaxy System, the leading North American satellite service provider, subsequently merged with PanAmSat; the JCSAT system for Japan, in partnership with Mitsui and Itochu; the initiation of the direct to home business at Hughes which ultimately became DirecTV; and several other satellite businesses.

Philip Father, ProtoStar’s CEO, described Mr. Dorfman as “one of the industry’s leading visionaries and builders who brings his unique satellite development, DTH launch experience and his knowledge of the Asian market to ProtoStar at an important stage in our development”. He added that “Steve’s experience in building the Galaxy constellation and in helping develop DTH systems worldwide is a perfect complement to ProtoStar’s own business plan”.

“I’m pleased to join a highly qualified Board of Directors overseeing a group of seasoned satellite professionals and I believe that ProtoStar’s business model will continue to be well received in the Asian market” stated Mr. Dorfman.

ProtoStar’s Chairman, John Higginbotham who is also the chairman of SpaceVest said: “We are delighted that Steve has joined us to bring his wealth of industry insights, perspectives and relationships to ProtoStar. 2006 will be a year of rapid growth and Steve’s participation will be invaluable in helping to steward the company through this period. “

ProtoStar’s planned footprint will reach over 3 billion people in India, Indonesia, China, the Philippines and South East Asia. The company’s system will enable in-country partners to offer subscribers a technically advanced, reliable, cost effective satellite television package, providing a robust subscriber experience. A first satellite is planned for launch in early 2007.