SKYA Skya.Assd.Cash

    Immediate release: 17 August 2005

                         Sky Capital Holdings, Limited                         

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

                                 Client Update                                 

  Global Secure Announces Appointment of Ambassador Bremer to Advisory Board   

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 further high profile appointment:

Global Secure Corp., a provider of integrated products and services for the
homeland security industry, appointed L. Paul Bremer, former Presidential Envoy
to Iraq, as Chairman of its Advisory Board


About L. Paul Bremer, III

Ambassador Bremer served as Presidential Envoy to Iraq from May 2003 until June
2004.  Since returning to the United States, Ambassador Bremer has been
speaking and writing a book about his 14 months in Iraq.  From October 2000 to
May 2003, Ambassador Bremer was the chairman and chief executive officer of
Marsh Crisis Consulting Company, a crisis management firm owned by Marsh &
McLennan, a financial services firm.  From 1989 to 2000, he was managing
director of Kissinger Associates, a strategic consulting firm.  He was chairman
of the bipartisan National Commission on Terrorism and served on the
President's Homeland Security Council. Prior to entering the private sector,
Ambassador Bremer served within the State Department for 23 years, including
three years as Ambassador to The Netherlands. He was America's
Ambassador-at-Large for Counter Terrorism from 1986 -1989. Ambassador Bremer
received a B.A. degree from Yale University, a CEP from the Institut d'Etudes
Politiques of the University of Paris, and a M.B.A. from Harvard Graduate
School of Business Administration.

-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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