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Telesat Appoints New Vice President, International Sales

OTTAWA, Sept. 11, 2014 (GLOBE NEWSWIRE) -- Telesat, a leading global satellite operator, announced today the appointment of Tom Eaton as the company's Vice President, International Sales. Based in Washington, D.C., Mr. Eaton will report to Telesat's President and CEO and also will serve on the executive committee of the company. Telesat also announced that Nigel Gibson, who has served as the company's Vice President, International Sales operating out of Telesat's London, UK office since 2009, has chosen to leave the company following a transition of his responsibilities to Mr. Eaton. These changes follow the company's decision to relocate the Vice President, International Sales position from Europe to the Americas.

Commenting on the appointment of Mr. Eaton, Telesat's President and CEO Dan Goldberg stated, "I am very pleased that Tom has joined the company. Tom is an experienced senior executive and has been active in the satellite and telecommunications industries for over 30 years. I look forward to working with him to support and expand our international customer base."

Mr. Eaton was formerly the President of Harris CapRock Communications. Prior to that he was the President of CapRock Government Solutions and then Chief Operating Officer of CapRock Communications. He also served as PanAmSat's Executive Vice President, Global Sales and Marketing and then as their President of G2 Satellite Solutions. Prior to PanAmSat, Mr. Eaton was the Vice President of Global Sales & Customer Support at Intelsat. He has also held positions with Integrated Network Services, Inc., Sprint Communications Corp. and Northern Telecom, Inc. Mr. Eaton holds a BBA in Accounting from the University of Georgia and an MBA from Mercer University.

On his appointment Mr. Eaton stated, "Telesat has a well justified reputation for innovation and unparalleled customer service. I am very pleased to be joining the Telesat team and look forward to working with my management colleagues and the company's talented sales group to continue to grow the international business."

Regarding Mr. Gibson, Mr. Goldberg commented, "Since joining Telesat in 2009, Nigel has made significant contributions to the company through a period of unprecedented growth. I am grateful for his hard work and dedication and respect his decision to remain in the UK following the relocation of the Vice President, International Sales position. I wish Nigel the very best in his future endeavors."

Mr. Gibson stated, "I am proud of what we have accomplished at Telesat over the past five years and am pleased to be able to pass the leadership of Telesat's dedicated team of international sales professionals to a seasoned executive like Tom. I have every expectation that Telesat will continue to thrive going forward."

About Telesat (www.telesat.com)

Telesat is a leading global satellite operator, providing reliable and secure satellite-delivered communications solutions worldwide to broadcast, telecom, corporate and government customers. Headquartered in Ottawa, Canada, with offices and facilities around the world, the company's state-of-the-art fleet consists of 14 satellites and the Canadian payload on ViaSat-1 with another satellite under construction. Telesat also manages the operations of additional satellites for third parties. Privately held, Telesat's principal shareholders are Canada's Public Sector Pension Investment Board and Loral Space & Communications Inc. (Nasdaq:LORL).

Forward-Looking Statements Safe Harbor

This news release contains statements that are not based on historical fact and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. Detailed information about some of the known risks and uncertainties is included in the "Risk Factors" section of Telesat Holdings Inc.'s Annual Report on Form 20-F for the fiscal year ended December 31, 2013 as well as Telesat's other filings with the United States Securities and Exchange Commission (SEC), which can be obtained on the SEC‟s website at http://www.sec.gov. The information contained in this news release reflects Telesat's beliefs, assumptions, intentions, plans and expectations as of the date of this news release. Except as required by law, Telesat disclaims any obligation or undertaking to update or revise the information herein.

CONTACT: For further information: Gerry Nagler, Telesat +1 908 470-4907 (gnagler@telesat.com)Source:Telesat Holdings Inc.