BearingPoint Names Joseph Corbett Chief Financial Officer

MCLEAN, Va., Jan. 14 /PRNewswire-FirstCall/ -- BearingPoint, Inc. , one of the world's largest business consulting and systems integration firms, today named Joseph Corbett, former Executive Vice President and Chief Financial Officer of Intelsat, Ltd., as its new Chief Financial Officer. Mr. Corbett joins the company effective immediately and will be located at the Company's global headquarters in Virginia.

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Mr. Corbett, 45, will be responsible for BearingPoint's corporate finance and accounting globally. He will also be a member of BearingPoint's executive leadership team, which is responsible for the strategic direction of the company.

"Joe Corbett brings a wealth of knowledge and sophistication to the job of CFO," said Rod McGeary, Chairman and Chief Executive Officer of BearingPoint. "Joe's depth of experience in strengthening global financial reporting capabilities and his talents for negotiating favorable access to credit markets -- two of BearingPoint's top priorities -- made him a natural choice for the job."

Mr. Corbett comes to BearingPoint after nine years in a number of leadership roles at Intelsat, where he served as Chief Financial Officer since 1998 and led all financial operations at the global satellite company, including its transition in 2001 to a private company with customers in more than 200 countries. Mr. Corbett was instrumental in helping improve the international satellite operator's financial position, including managing its initial access to U.S. debt capital markets and refinancing $2 billion of Intelsat's bank and public debt.

A certified public accountant and longtime resident of the Washington, D.C., area, Mr. Corbett also previously held senior positions at McLean, Va.- based home builder NVR, Inc. and the Washington, D.C., offices of KPMG LLP, a global audit and accounting firm. A 1982 graduate of George Washington University, Mr. Corbett is a member of the AICPA and the Greater Washington Society of CPAs.

About BearingPoint, Inc.

BearingPoint, Inc. is one of the world's largest business consulting, systems integration and managed services firms serving Global 2000 companies, medium-sized businesses, government agencies and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America's Most Admired Companies in the computer and data services sector. For more information, visit the Company's website at http://www.bearingpoint.com/.

This press release may contain forward-looking statements relating to our operations that are based on our current expectations, estimates and projections. Words such as "expects," "intends," "plans," "projects," "believes," "estimates," and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak only as of the date they were made and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Our actual results may differ from the forward- looking statements for many reasons, including: the business decisions of our clients regarding the use of our services; the timing of projects and their termination; the availability of talented professionals to provide our services; the pace of technological change; the strength of our joint marketing relationships and the actions of our competitors. In addition, these statements could be affected by domestic and international economic and political conditions. For a more detailed discussion of these factors, see Exhibit 99.1 in our Form 10-Q for the period ended September 30, 2004.