SKYA Skya.Assd.Cash

    Immediate release: 16 August 2005

                         Sky Capital Holdings, Limited                         

                   ("Sky Capital Holdings" or the "Company")                   

                                 Client Update                                 

  Global Secure Announces New Chairman and Members of the Board of Directors   

Sky Capital Holdings is delighted to announce that GlobalSecure Corp. ("Global
Secure"), a client firm of the Company which recently filed a registration
statement with the Securities and Exchange Commission for a public offering of
its common stock, has today made a number of key appointments:

The provider of integrated products and services for the homeland security
industry announced the election of Gene W. Ray, Ph.D. as the non-executive
chairman of the board of directors and the election of several new board
members: John A. Moore, Jr.; Wayne M. Rehberger; and Anthony C. Warren, Ph.D. 

Gene W. Ray, Ph.D. - Chairman, Global Secure Corp.

From 1981 until July 2005, Dr. Ray was the chief executive officer and a
director of The Titan Corporation, a NYSE-listed provider of comprehensive
information and communications systems solutions and services to the Department
of Defense, Department of Homeland Security and intelligence and other
government agencies.  In addition, Dr. Ray served as the chairman of its board
of directors from May 1999 until his resignation in July 2005.

John A. Moore, Jr. - Director, Global Secure Corp.

Mr. Moore joined the board of directors in August 2005.  Mr. Moore was an
executive vice president of ManTech International Corporation, a NASDAQ-listed
provider of information technology and technical services solutions to federal
government customers, from April 1997 through December 2004, and served as its
chief financial officer from April 1997 until June 2003.  Mr. Moore has been a
director of Paradigm Holdings Inc., a provider of information technology and
business continuity solutions to government and commercial customers, which is
located in Rockville, Maryland, since April 2005.  Mr. Moore received a B.S.
degree in accounting from LaSalle University in 1974 and an M.B.A. from the
University of Maryland in 1979. 

Wayne M. Rehberger - Director, Global Secure Corp.

Mr. Rehberger joined the board of directors in August 2005.  Mr. Rehberger has
been the chief operating officer of XO Communications, Inc., a full-service
provider of communications services for small and growing businesses, larger
enterprises and carriers, since May 2004.  Before that, Mr. Rehberger was the
chief financial officer of XO Communications from January 2001 until May 2004. 
From May 2000 until October 2000, Mr. Rehberger was the chief financial officer
of Net-Tel Communications, Inc., a local exchange telecommunications company.
Previously, Mr. Rehberger spent 15 years at MCI Communications serving in a
variety of Financial and Operational roles.  Mr. Rehberger received a B.A.
degree in business administration from Bucknell University in 1978 and an
M.B.A. from the University of South Carolina in 1982.

Anthony C. Warren, Ph.D. - Director, Global Secure Corp.

Dr. Warren joined the board of directors in August 2005.  Since June 2001, Dr.
Warren has been a clinical professor of entrepreneurship and the director of
the Farrell Center for Corporate Innovation and Entrepreneurship at the Smeal
College of Business at Pennsylvania State University.  In addition, since March
2000, Dr. Warren has been a venture partner of Adams Capital Management, a
venture capital firm with headquarters in Pittsburgh, Pennsylvania.  Prior to
joining Penn State, Dr. Warren was a founding partner in Strategic
Technologies, LLC, Princeton, New Jersey, a firm that helps emerging technology
companies commercialize their intellectual property.  Dr. Warren holds B.Sc.
and Ph.D. degrees in physics from the University of Birmingham in the United
Kingdom.

-ends-

Contacts:

Ross H. Mandell

Chief Executive

Sky Capital Holdings, Limited

+1 (212) 709 1900

Adam Reynolds / Ben Simons

Hansard Communications

+44 (0)20 7245 1100

Information on Global Secure

Global Secure provides an integrated platform of high-quality and complementary
products and services for the homeland security industry. Within this industry,
it is particularly focused on the needs of the critical incident response
community, which consists of public and private sector organizations that
prepare for, respond to, and help in the recovery from, acts of terrorism,
natural disasters and other threats to public health and safety. Its offerings
include data management, analysis and dissemination services associated with
potential biological threats, emergency messaging and collaboration software,
specialized training and emergency response exercises, and personal safety
products.





END

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