Jeffery D. Stein Appointed to AeroAstro Board of Directors

Ashburn, VA – November 4, 2005

AeroAstro, Inc., a leading provider of small satellites and related technology products, today announced the appointment of Mr. Jeffery D. Stein to its Board of Directors. With over twenty-five years of experience as a technology CEO, he will provide AeroAstro with strong expertise in areas of finance, technology, operations, marketing, sales, and fund raising.

Mr. Stein founded and served as the CEO of two high-technology companies, one of which grew to more than 100 employees (Convene International), while the other employed more than 200 people (On-line Business Systems). He currently heads up Peyton Investments, Inc., which specializes in advising, mentoring, and guiding companies at all levels of maturity to reach their full potential. In his present position, he plays an active role in deal screening for an angel investing group, mergers and acquisitions (rollups), CEO coaching and mentoring, advisory services, technology consulting, turnarounds, financial restructuring, strategic planning and private investing in technology companies.

Dr. Rick Fleeter, AeroAstro’s CEO, said, "Our board is a select group of individuals whose expertise spans a diverse combination of technical, financial, managerial and programmatic disciplines. Jeffery Stein, with his broad experience and impressive credentials in all of these areas, will make a significant contribution to our capability and will provide vital support in accelerating our current rapid growth.

AeroAstro, Inc. is a leader in innovative micro- and nanospacecraft applications ­ including science, remote sensing, and communications ­ that open the space frontier to a larger and more varied customer base. AeroAstro manufactures low-cost satellite systems and components, used both in its own spacecraft and for spacecraft development by other companies in the U.S. and abroad. NASA, the U.S. Air Force, commercial and academic customers have all relied on AeroAstro spacecraft and components over our 15-year history.