Loral Cyberstar and ChinaSat Sign Agreement for Distribution of Satellite-based Broadband

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Loral CyberStar and ChinaSat Sign Agreement for Distribution of Satellite-based Broadband and Connectivity Services

ROCKVILLE, Md.--(BUSINESS WIRE)--Nov. 26, 2001-- Loral CyberStar, a global provider of high-quality data, video, content, and Internet services, today announced that it has signed an agreement with the China Telecommunications Broadcast Satellite Corporation (ChinaSat), the state-owned enterprise that provides satellite telecommunications broadcast services throughout China. ChinaSat will offer CyberStar's entire range of services including the ClearStream broadband services. Loral CyberStar is a subsidiary of Loral Space & Communications (NYSE: LOR - news).

``Through our partnership with ChinaSat, CyberStar now has immediate ability to sell its unique IP-based Internet services to customers throughout the Chinese market,'' said Neil Bauer, president, CyberStar. ``We are very pleased to initiate this relationship with ChinaSat and look forward to addressing a sophisticated Chinese market that demands high-quality desktop solutions.''

Dedicated to providing advanced, reliable, excellent, and fast telecommunications services throughout China, ChinaSat will market CyberStar products to government agencies, national corporations and multinational enterprises. ChinaSat will also become CyberStar's in-country ground services agent, working to secure necessary licensing authorizations, conducting site surveys, procuring satellite capacity, and installing and testing customer site equipment.

``We entered into this agreement with CyberStar because of its reputation for quality satellite and fiber-based services and its proven track record of success in the international marketplace,'' said Zhou Zehe, president, ChinaSat. ``CyberStar's expertise will ensure that we can build the best possible satellite and fiber infrastructure for our customers. CyberStar's ability to broadcast high-quality data, video and audio will ensure that our customers receive the first-rate broadband transmissions that their businesses demand, from training needs to corporate communications to content distribution.''

With CyberStar's services, ChinaSat has the ability to offer enterprises a private, satellite-based network that can bypass most of the terrestrial Internet to avoid congestion and deliver broadband applications to multiple, geographically dispersed sites regardless of the existing infrastructure.

ChinaSat also will offer its customers CyberStar's ClearStream product suite, allowing organizations operating across China's vast geographical regions to provide standardized and comprehensive corporate communications and training services.

ClearStream Live, CyberStar's flagship streaming media application, uses open standards digital video broadcast (DVB) technology, a standard Web browser and the Windows Media Player, to deliver high-quality video and CD-quality audio communications live to the desktop or conference room monitor. By multicasting 300 Kbps video streams onto the local area network (LAN), ClearStream Live offers a bandwidth-efficient method of viewing live video and enables enterprises to reliably deliver high impact, time-sensitive live communications to multiple sites without fear of unpredictable video performance due to Internet congestion.

ChinaSat, founded in 1985, is the first state-owned enterprise to manage the telecommunications satellite business and provide satellite telecommunications broadcast services in China. Now under the leadership of the Ministry of Information Industry, People's Republic of China, ChinaSat is charged with the responsibility to develop multimedia communications systems, broadband high-speed data transmission systems, rural telephone systems, and domestic mobile satellite telecommunications.

Loral CyberStar is a leading satellite provider of high-quality data, voice, video, and Internet backbone delivery to multinational enterprises and Internet service providers (ISPs). Using its global IP multicast network, CyberStar quickly and efficiently distributes multimedia and data-intensive content around the world via innovative high-speed satellite links that avoid network congestion, Internet bottlenecks, and underdeveloped infrastructure. Regardless of geographic location, time differences, or ``last-mile'' barriers, CyberStar can deliver data, broadband, streaming media, web-casts, and Internet backbone connectivity that meet end-user expectations. For more information, visit CyberStar's Web site at www.cyberstar.com.

Loral Space & Communications (NYSE: LOR - news) is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value-added services, domestic and international corporate data networks, Internet services, and broadband data services including business television, distance learning and video to the desktop. For more information, visit Loral's web site at www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. These factors and conditions have been described in the section of the company's annual report on Form 10-K for the fiscal year ended December 31, 2000, entitled ``Certain Factors That May Affect Future Results,'' and the company's other filings with the Securities and Exchange Commission. With regard to forward-looking statements concerning Loral CyberStar, Inc. and its business, financial condition, results of operations and prospects, the factors and conditions which could materially affect these statements are described in the section of Loral CyberStar's annual report on Form 10-K for the fiscal year ended December 31, 2000, entitled ``Certain Factors That May Affect Future Results.'' The reader is specifically referred to these documents regarding the factors and conditions that may affect future results.

House Subcommittee in August recommended shifting approval on the licensing and exportation of satellite technology from the State Department to the Commerce Departement per an August 1, Wall Street Journal article.

If it's "our guys" who are doing it, I'm sure it's in our best interests.

Clinton's turned out to be right on all kinds of things: ESCR, the war in Serbia, the Palestinian state, covering Janet Reno's butt, Waco, bombing of Sudan, etc. etc. etc.

No reason he wasn't perfectly correct with regard to China as well.

Right on the war on Serbia?, Are you serious?

We aided terrorists associated with Bin Laden there and went against Christians.

Did Milosevich just do what needed to be done eg the Northern Alliance killing terrorists rather than risk "prison rebellion"?

Insider trading at Loral Aerospace:

3-Oct-01
YANKELOVICH, DANIEL G
Director
20,000 of LOR Purchased at $1.29 -- $1.30/Share.
Cost of $25,900.

Loral is trading at $1.95 today. Yankelovich's shares are now worth $39,000. The stock hovered around what he paid for them until last Tuesday when this news was announced.

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