FOR IMMEDIATE RELEASE
THE SPACE
STORE™ PARTNERS WITH SPACE.COM
TO INCREASE ONLINE TRAFFIC AND BOOST REVENUES
October 31, 2001, Washington, D.C. - SPACEHAB, Inc. (NASDAQ/NMS: SPAB), a leading provider of commercial space services, today announced that The Space Store™, the online retail operation of its majority-owned subsidiary Space Media, Inc., has formed a partnership with SPACE.com of New York, N.Y., to facilitate highly targeted customer traffic between each other's World Wide Web sites.
The Space Store (www.thespacestore.com) is an online retail business that offers hundreds of space-related items for sale. Multimedia company SPACE.com (www.space.com) reports that its Web site receives 20 million page views per month. Under their new partnership agreement, SPACE.com features a link to The Space Store on its main navigation bar, and The Space Store features an equally prominent link to SPACE.com on its home page.
"We're all really excited about this collaboration," said Dayna Justiz, President of The Space Store. "We've seen an immediate rise in sales since the partnership became active earlier this month." Justiz predicted that, with this partnership in place, sales for The Space Store could double over the upcoming holiday season.
SPACE.com is the first multimedia company dedicated to space and space-related content. Anchored on the web, SPACE.com offers the richest and most compelling content, featuring space business news, information, education, and entertainment. SPACE.com also publishes Starry Night™, the world's leading astronomy software and Space News, the premier business to business international newsweekly dedicated entirely to space business.
Founded in 1984, with more than $100 million in annual revenue, SPACEHAB, Inc., is a leading provider of commercial space services. The company develops, owns, and operates habitat and laboratory modules and cargo carriers aboard NASA's Space Shuttles. It also supports astronaut training and space station configuration management at NASA's Johnson Space Center in Houston and builds space-flight trainers and mockups. SPACEHAB's Astrotech subsidiary provides commercial satellite processing services at facilities in California and Florida. SPACEHAB's newest strategic growth initiative, SPACEHAB Huntsville, will provide customer-focused end-to-end services to the space research community at NASA's Marshall Space Flight Center in Huntsville, Alabama. SPACEHAB's majority owned subsidiary Space Media, Inc.™, brings space into homes and classrooms worldwide with interactive education programs through STARS Academy (www.starsacademy.com) and space merchandise from The Space Store (www.thespacestore.com).
This release contains forward-looking statements that are subject to certain
risks and uncertainties that could cause actual results to differ materially
from those projected in such statements. Such risks and uncertainties include,
but are not limited to, whether the company will fully realize the economic
benefits under its NASA and other customer contracts, the timing and mix of
Space Shuttle missions, the successful development and commercialization of
new space assets, technological difficulties, product demand, timing of new
contracts, launches and business, market acceptance risks, the effect of economic
conditions, uncertainty in government funding, the impact of competition, and
other risks detailed in the Company's Securities and Exchange Commission filings.
FOR MORE INFORMATION:
Linda Billings
Director of Communications
SPACEHAB, Inc. - Washington Office
Phone 202/488-3500 x. 201
Fax 202/488-8251
billings@hqspacehab.com