Intheairnet Purchases IEC In-Flight Systems

US Cabin Entertainment Airline Supplier Buys UK Corporate Aircraft Systems Integrator

Irvine, CA. May 25, 2004—Intheairnet, LLC announced today the agreement to purchase
all of the outstanding shares of IEC In-Flight Systems stock. www.iecifs.com As an
Intheairnet subsidiary, the company name will be changed to Intheairnet, Ltd., effective
July 1, 2004. Terms were not disclosed.

IEC In-Flight Systems, headquartered near London’s Heathrow Airport, is a cabin systems
integrator of VIP and other large corporate aircraft for entertainment and cabin control
systems. Proprietary products include a range of LCD flat panel switch controls, routers,
and displays, as well as its advanced technology Network and Wireless Technology
Including Ethernet system for both passenger Internet communications and cabin
entertainment.

IEC In-flight Systems products fly on a wide range of aircraft including a number of heads-
of–state airplanes, as well as Air Force One. High-end customers include most major aircraft
modification centers worldwide, governments, and operators of large aircraft fleets.

Intheairnet’s chairman Michael Rogerson applauded the addition by noting that, “IEC In-Flight
Systems is a leading VIP and Corporate Aircraft cabin integrator for on-board entertainment
systems that can now seamlessly add our integrated solutions to increase their customer’s
technology choices, while opening new markets for Intheairnet.”

“The acquisition will allow us to expand our offerings for European and Middle East customers
to now include turnkey cabin entertainment and control systems including airborne television
and a next generation passenger map for our VIP and heads-of-state aircraft, while at the
same time opening up new opportunities in the United States Market,” said IEC In-Flight
Systems president Peter Smith.

Headquartered in Irvine CA, Intheairnet designs, manufactures, and supports in-flight
entertainment equipment worldwide. Intheairnet also has facilities in Hamburg, Germany,
and regional international service centers. Technology partners include Matsushita Avionics
Systems and Rogerson Kratos.