-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 P+tCmeOKNdBCEp5ZbimsxfMV6zq7MHIRgQTTxdRUFogPUBGoi+f9YwOy1P3xNT+m
 0rHgregv5Rmu5KN/SccXww==

<SEC-DOCUMENT>0001104659-07-088917.txt : 20071214
<SEC-HEADER>0001104659-07-088917.hdr.sgml : 20071214
<ACCEPTANCE-DATETIME>20071214131157
ACCESSION NUMBER:		0001104659-07-088917
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20071210
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20071214
DATE AS OF CHANGE:		20071214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPACEHAB INC \WA\
		CENTRAL INDEX KEY:			0001001907
		STANDARD INDUSTRIAL CLASSIFICATION:	GUIDED MISSILES & SPACE VEHICLES & PARTS [3760]
		IRS NUMBER:				911273737
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-27206
		FILM NUMBER:		071306706

	BUSINESS ADDRESS:	
		STREET 1:		12130 HIGHWAY 3
		STREET 2:		BUILDING 1
		CITY:			WEBSTER
		STATE:			TX
		ZIP:			77598
		BUSINESS PHONE:		7135585000

	MAIL ADDRESS:	
		STREET 1:		12130 HIGHWAY 3
		STREET 2:		BUILDING 1
		CITY:			WEBSTER
		STATE:			TX
		ZIP:			77598
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a07-31444_18k.htm
<DESCRIPTION>8-K
<TEXT>

<html>

<head>





</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">

<div style="border:none;border-top:double windowtext 6.0pt;padding:0in 0in 0in 0in;">

<p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;letter-spacing:-.1pt;">UNITED STATES</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C.&#160; 20549</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">CURRENT
REPORT</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant
to Section&nbsp;13 or 15(d)&nbsp;of</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">the
Securities Exchange Act of 1934</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">December&nbsp;10, 2007</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Date of earliest event reported)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<h4 align="center" style="font-weight:normal;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SPACEHAB,
Incorporated</font></b></h4>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact name of registrant as specified in its charter)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">Washington</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;letter-spacing:-.15pt;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">0-27206</font></b></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;letter-spacing:-.15pt;">&nbsp;</font></b></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;letter-spacing:-.15pt;">91-1273737</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">(State or other jurisdiction of</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">(Commission File Number)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">(I.R.S. Employer</font></p>
  </td>
 </tr>
 <tr>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">incorporation or organization)</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;letter-spacing:-.1pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">Identification Number)</font></p>
  </td>
 </tr>
</table>

</div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">12130 State Highway 3,
Building 1</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Webster, Texas&#160; 77598</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of principal
executive offices, including zip code)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(713) 558-5000</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant&#146;s telephone
number, including area code)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">Check the appropriate
box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see
General Instruction A.2. below):</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">
Written communications pursuant to Rule&nbsp;425 under the Securities Act (17
CFR 230.425)</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">
Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR
240.14a-12)</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">
Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the
Exchange Act (17 CFR 240.14d-2(b))</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;letter-spacing:-.1pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" face="Wingdings" style="font-size:10.0pt;letter-spacing:-.1pt;">o</font><font size="2" style="font-size:10.0pt;letter-spacing:-.1pt;">
Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under the
Exchange Act (17 CFR 240.13e-4(c))</font></p>

<div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\brosent\07-31444-1\task2571850\31444-1-ba.htm',USER='brosent',CD='Dec 13 18:17 2007' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Section&nbsp;2
&#151; Financial Information</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2.05&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Costs Associated with Exit or Disposal Activities.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; On December&nbsp;1, 2007, the Board of Directors of
SPACEHAB, Incorporated (the &#147;Company&#148;) approved a plan to reduce staffing and
restructure corporate functions to streamline operations, improve efficiency
and reduce overhead.&#160; The plan calls for
reduction of 21 positions, as the Company&#146;s activities in support of NASA&#146;s
space shuttle program ended upon completion of U.S. space shuttle mission
STS-118 in August&nbsp;2007.&#160; The Company
expects that the restructuring will be completed by Friday, December&nbsp;21,
2007.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Company anticipates that these actions, when
fully implemented, will result in annualized cost savings of $2.5 million.&#160; These cost reductions include a workforce
reduction of approximately 13%&#160; spread
between the Company&#146;s Houston, Texas headquarters and Cape Canaveral, Florida
payload processing facility.&#160; SPACEHAB&#146;s
Astrotech spacecraft processing facilities in Titusville, Florida, Vandenberg
Air Force Base, California and Long Beach, California are unaffected by the
restructuring.&#160; This restructuring is not
expected to result in the closing of any of the Company&#146;s facilities.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The restructuring activities constitute an exit or
disposal plan activity under FASB Statement of Financial Accounting Standards No.&nbsp;146,
<i>Accounting for Costs Associated with Exit or
Disposal Activities,</i> which will result in material charges under
accounting principles generally accepted in the U.S.&#160; The Company will recognize restructuring
costs of $254,000 and will incur a cash outlay of $161,000 including severance
payments of $81,000, in the current period.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The restructuring includes a realignment of the
Company&#146;s business units into SPACEHAB Orbital Transportation, SPACEHAB
Microgravity Sciences, and SPACETECH while combining the former SPACEHAB Flight
Services and SPACEHAB Government Services into a new SPACEHAB Engineering
Services business unit.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; A copy of the Company&#146;s press release dated December&nbsp;10,
2007, announcing the staff reduction and new business units is attached to this
Current Report on Form&nbsp;8-K as Exhibit&nbsp;99.1 and is incorporated by
reference herein.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Section&nbsp;
9 &#151; Financial Statements and Exhibits</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Financial Statements and
Exhibits.</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">(d)&#160; Exhibits.</font></i></p>

<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">99.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Press Release of SPACEHAB, Incorporated
dated December&nbsp;10, 2007</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\brosent\07-31444-1\task2571850\31444-1-ba.htm',USER='brosent',CD='Dec 13 18:17 2007' -->


<br clear="all" style="page-break-before:always;">


<div style="font-family:Times New Roman;">

<h2 align="center" style="font-style:italic;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></i></b></h2>

<h2 align="center" style="font-style:italic;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:normal;">SIGNATURES</font></i></b></h2>

<h2 align="center" style="font-style:italic;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></i></b></h2>

<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><font size="2" style="font-size:10.0pt;">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="66%" valign="top" style="padding:0in .7pt 0in .7pt;width:66.62%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:33.38%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SPACEHAB,
  Incorporated</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" style="padding:0in .7pt 0in .7pt;width:66.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in .7pt 0in .7pt;width:30.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" style="padding:0in .7pt 0in .7pt;width:66.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in .7pt 0in .7pt;width:30.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" style="padding:0in .7pt 0in .7pt;width:66.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;10,
  2007</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:30.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
  Brian K. Harrington</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" style="padding:0in .7pt 0in .7pt;width:66.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:30.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Brian
  K. Harrington</font></p>
  </td>
 </tr>
 <tr>
  <td width="66%" valign="top" style="padding:0in .7pt 0in .7pt;width:66.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="top" style="padding:0in .7pt 0in .7pt;width:2.66%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="30%" valign="top" style="padding:0in .7pt 0in .7pt;width:30.72%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sr.
  Vice President and Chief Financial Officer</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\brosent\07-31444-1\task2571850\31444-1-ba.htm',USER='brosent',CD='Dec 13 18:17 2007' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a07-31444_1ex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html>

<head>





</head>

<body lang="EN-US">

<div style="font-family:Times New Roman;">

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 99.1</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="50%" valign="top" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="283" height="48" src="g314441mmi001.jpg"></font></p>
  </td>
  <td width="50%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:50.0%;">
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SPACEHAB,&nbsp;Inc.</font></b></p>
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">12130 Highway 3, Bldg. 1</font></b></p>
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Webster, Texas 77598-1504</font></b></p>
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.713.558.5000</font></b></p>
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">fax: 1.713.558.5960</font></b></p>
  <p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">www.spacehab.com</font></b></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FOR
IMMEDIATE RELEASE</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SPACEHAB REALIGNS CORPORATION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Company Positioned to Capture NASA COTS Business</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Houston,
Texas, December&nbsp;10, 2007 </font></b><font size="2" style="font-size:10.0pt;">&#151; SPACEHAB, Incorporated
(NASDAQ: SPABD), a leading provider of commercial space services, today
announced an initiative to align the corporate structure and personnel toward
its strategic direction of winning the NASA Commercial Orbital Transportation
Services (COTS) funded Space Act Agreement, due to be awarded February&nbsp;2008,
and to process and manufacture products in microgravity on the International
Space Station (ISS).</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;We have determined that the
ability to provide cost effective, reliable cargo services to space is critical
to the overall success of the ISS National Laboratory and to SPACEHAB&#146;s
microgravity processing business plan,&#148; said SPACEHAB Chief Executive Officer,
Thomas B. Pickens III. &#147;The COTS program represents a big step in the
development of a viable business that will ultimately attract both capital and
customers.&#148;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Leveraging the Company&#146;s
23-year heritage of supporting NASA&#146;s space cargo needs, SPACEHAB is realigning
its current business structure to better serve NASA&#146;s future logistics needs. &#147;We
believe SPACEHAB is the most credible company that can deliver payloads to the
ISS by 2010 as is called for under NASA&#146;s COTS requirements,&#148; continued
Pickens. &#147;In response to our commitment, we determined that the Company needed
to reposition its personnel and business units to be focused on our COTS
business plan including developing the Advanced Research and Conventional
Technology Utilization Spacecraft (ARCTUS) and processing microgravity products
on the ISS,&#148; he added.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SPACEHAB formed the
following four new subsidiaries to advance these initiatives:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Introducing
SPACEHAB Orbital Transportation,&nbsp;Inc.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The SPACEHAB Orbital
Transportation (SOT) business is intensely focused on the design, manufacturing
and launch of the ARCTUS vehicle. ARCTUS is being developed primarily from
off-the-shelf, proven hardware and utilizes existing reliable launch vehicles
to provide the least-cost, least-risk solution for NASA. Additionally, with the
planned increase in crew size expanding from the current three astronauts to a crew
of six, coupled with the planned shuttle retirement in 2010, SOT expects to be
a primary revenue source for the Company through the delivery of complex cargo
and research to the ISS.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Introducing
SPACEHAB Microgravity Sciences,&nbsp;Inc.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In April&nbsp;2007, the
Company announced that it had completed its analysis of the over 2,000
experiments sent to microgravity and as a result, has selected various life
science products to begin producing on the ISS, now designated as a U.S. National
Laboratory. In response to NASA&#146;s Announcement of Opportunity for ISS utilization
issued in August&nbsp;2007, SPACEHAB responded with an achievable proposal and
awaits the Agency&#146;s response, expected in early 2008. In parallel to this
initiative, SPACEHAB created a new subsidiary, SPACEHAB Microgravity Sciences
(SMS), to focus on the processing of microgravity products.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SMS flew its first
commercial microgravity processing samples on space shuttle flight STS-116
where they were transferred to the ISS for processing. The finished products
were returned to Earth on the STS-118 mission in November&nbsp;and early
analysis has determined a successful mission. Based on existing and newly-established
relationships with the pharmaceutical and academia sectors, results from these
and other microgravity products are expected to form the foundation of this new
revenue-generating business.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\jnewcoma\07-31444-1\task2573311\31444-1-mm.htm',USER='jnewcoma',CD='Dec 14 11:00 2007' -->


<br clear="all" style="page-break-before:always;">


<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Introducing
SPACETECH,&nbsp;Inc.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With the formation of
SPACETECH, the Company has designed a technology transfer, product development,
and sales-focused business approach to transform space-based technologies and
products into commercial applications, useful products, intellectual property
(IP), and possible spin-off businesses. The Company has established a
development and sales process expressly for the commercialization of microgravity
products and products using space-related IP.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Introducing
SPACEHAB Engineering Services</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SPACEHAB Engineering
Services (SES) is a business hybrid of the former SPACEHAB Government Services
and SPACEHAB Flight Services and is continuing to operate in support of current
government and commercial customers providing specialized design, development
and fabrication of flight hardware, ground systems, and mockups, as well as
large scale program data management.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additionally, Astrotech
Space Operations continues profitable operations at its Florida and California facilities
processing both government and commercial satellites before launch. The
Astrotech business is also currently expanding its menu of services to support
the COTS integration, ground communication and launch support requirements.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With these business
realignments, significant efficiencies have been achieved resulting in staff
reductions of 21 positions and major reductions in corporate general and
administrative expenses estimating an annual cost savings of $2.5 million,
while costing approximately $81,000 to implement.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;We believe the realignment
and efficiency measures announced today will enable SPACEHAB to make significant
strides in our newly identified business divisions,&#148; said Pickens. &#147;Through
providing these entrepreneurially-unique capabilities to both an established
customer base and new client sectors, SPACEHAB is committed to leading our
customers, employees and shareholders in a clear and profitable direction,&#148; he
said.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">About
SPACEHAB, Incorporated</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SPACEHAB is a commercial
leader and entrepreneurial force in the space industry providing a full spectrum
of products and services to both the government and private sectors. The
Company offers space access and payload integration services, production of
valuable commercial products in space, spacecraft pre-launch processing
facilities and services, development and extension of space-based products to
the consumer market, and program and engineering support ranging from
development and manufacturing of flight hardware to large scale government
project management.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The statements in this document may
contain forward-looking statements that are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks, trends, and uncertainties that
could cause actual results to be materially different from the forward-looking
statement. These factors include, but are not limited to, continued government
support and funding for key space programs, product performance and market
acceptance of products and services, as well as other risk factors and business
considerations described in the company&#146;s Securities&nbsp;&amp; Exchange
Commission filings including the annual report on Form&nbsp;10-K. Any
forward-looking statements in this document should be evaluated in light of
these important risk factors. The Company assumes no obligation to update these
forward-looking statements.</font></i></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">FOR MORE
INFORMATION:</font></i></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Eva-Marie deCardenas</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporate Marketing and
Communications</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SPACEHAB,&nbsp;Inc.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">713.558.5071</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">edecardenas@spacehab.com</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">###</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\jnewcoma\07-31444-1\task2573311\31444-1-mm.htm',USER='jnewcoma',CD='Dec 14 11:00 2007' -->


</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g314441mmi001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g314441mmi001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"``P`1L#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V6BBO+_B-
M\6(M$,FDZ!,LFHH=LLVP,D7L#G[WX$4`>E75Y:V,#3W=Q%;Q+R7E<*!^)KE-
M0^*_@S3RRG5A<./X;>-GS^(&/UKR/1/"_B/QU/'K&O7=P=-+X:::4AG'<1K@
M_P`L5W%OIN@^&6#:9H%M)L_Y;7:&20^^2<`_2M(4Y3V)E)1W-JW^+.F7Q_T#
M0=>O0>A@L]P/_CU;ECXL6\QYNAZS:`]Y[0_R4DU%H'C/2]7F6Q#?9[O'$3KM
M#?[O^%=)4SA*#M)#4DU=#8W$B!U#`,,C<"#^1IU%%2,**S-?UVS\.:5)J%ZY
M"*=JJHRSL>@`KRJ?XQ:^9F\BVL1'GY0T;9Q[_-731PM2LKQ1G.K&&Y[117B9
M^,7B3'_'MI__`'Z;_P"*K5\1?$O7]*GLD@CM,3V44[[HR<,PR<<]*U>`K)I:
M:D>WA:YZO17B/_"W_$W_`#RL?^_1_P`:T-%^,-]]M5=:@A-L3RUO&=P_-J;R
M^NE>P+$09Z]16!XD\2Q:3X1FUJTDCEW1@VY(RKENE>8?\+?\3?\`/*Q_[]'_
M`!K*CA*M9-Q*G5C!V9[=17'?#OQA=>*K.\^W^2MS;R#Y8E*C81P>3Z@UTFK:
MO8:)8O>:A<+!$O<]6/H!W-8SI2A/D:U+4DX\Q=HKR36/C'=_:2-&M8O([&YC
M.X_DU5+3XN^(YKN*%K6P82.%P(VSR?\`>KJ6`KM7L9>WA>Q[-17CVM?%3Q%I
M^N7UE#'9&.WN'C3=&2<`D#/-4O\`A;_B;_GE8_\`?H_XTUE]9JZL#Q$%H>W4
M5XSIWQ8\1W6IVMM)'9;)ID1L1'."<>M6O$?Q/\0:5XAOK"WCLS%;RE$+QDG'
MOS2^H5N;ET#V\+7/7**Y7X?>)+[Q1H4U[J"Q+*EPT8\I2!@*I]?>N<\<_$+6
MO#GB233K%+4PK&K`R(2<D?6LHX:I*HZ:W1;J14>;H>FT5Q?PY\6ZEXJ@OGU%
M8%-NR!/*4CJ#G.3[5U>HWD>G:=<WLK!4@B:0D^PS652E*G/D>Y49*4>9%FBO
M+O#WB_QYXHCN)=-M]-V6_P!XR(R[B>PYZU?\">.]4U[7[G2M82"*1(R46-"I
MW*<,#D_YQ6\\)4BF[K3<A58NWF>A45F^(]0FTKP]?7]N%,UO"SH'&1D>M>1_
M\+?\3?\`/*Q_[]'_`!J:.%J5DW`)U8P=F>W45XC_`,+?\3?\\K'_`+]'_&NF
M\'?%(:I>K8ZX(H)IF"PR1(0A/H22>:TG@:T(\S0HUX-V/2**P;;3-1C\1-=O
M(WDEW+'?D,A'RKCV/\JWJY))+9FJ=SC/BKXANO#G@J:>Q8QW%S(MND@ZIN!)
M(]\`_G7D_P`)_!4/BO69K_4AYEC8D,\9_P"6SGH#[<9/X5[EXK\-6OBS0)])
MNV*"3#1R*,F-QT->>^"],UWX:ZC=:;JMB]SI5\1MOK13((F'`+`<@$=<]*D9
MW5K);W<I)"I"GRQ(HP%4=`!6/KT4*JVW%8<&MFV9XBXRC%3@U4U/7?,0Y:O4
MA0DI:;'*YJQS&MNT$XEA<I(C!E93@@CO7HUA\2GMO"MIK.J:=+-:[O(N+BV(
M8QR#NRG&`?4$]:\GU.\^T2D`\9KOM(2+1_@CJ]QJ`'EWHD,2GN6`1?\`QX9K
M?'07L$WO<SH2?.TCTS1];TW7[!+W2[N.Y@;NAY4^A'4'V-7Z^=_@G>7D'CI;
M6!V^SW$#^>G8@#(/YX_.OHBO$.X\K^-<DH_LF/)\H^:2/5OEKSO0X])EU:%-
M;FFAL3GS'A&6'''8]Z][\6>&+/Q5I7V.YD\ET;?#,!DHW]1[5YGJ'PDU*RLY
M[E-4LY1"A?:<J2`,_G7MX/$TE15.3LSBK4Y<_,E<T])\(_#K7)O(T_5KF27M
M&TNQC]`RC-<[\3[6.Q\416D.?+@LXHTR><`8%<C'(\4BR1NR.ARK*<$'U%;/
MBC4Y]8GL;ZZ;=-)9H';^\02,_CBNN-&<*JDY-KS,G-2@U:S-;X>>$]-\57%[
M'J,LT8MT4IY3A<Y)ZY!]*R?&&BVWA_Q+<Z;9SM-#&%*ER"PR`<'%4]*TC5M5
M:0:5:SSF,`R>3VSTS6M:?#_Q1>SE7TZ2!>KRW!VJH]235-J%5RE/3L3;FBDH
M_,KWWB"6X\':;H9D)6WFDD89[?PC]6ING>')-0\+:IK*DC["\8`[,#G=^60:
MQI51)G2-]Z*Q"MC&X>M=9H7CF#1O"MQH3:0+A;G?YLOG[<[ACIM/08JIJ4(_
MNEU_74(M-^\0_#O7&T3Q9;9;]Q=D02CZG@_@<?K4WQ,UJ?5/%US;M(?L]D?*
MB3/`(^\?KFN25BCAE)!4Y!':IK^[>_OY[R7_`%D[EV^IY-'L5[;VOE87.^3E
M-OPEX+O_`!;-+]GD2"WAP))G&>3V`[FNZTSX/"PU2TO)-9\U;>99#']GQNP<
MXSNK/^$_BG3=,M[C2+^=;=YIO-BD<X5N`"">W2O4H]4T^:18XKZW=V.`JR@D
MUYF+Q&(A4<5HO0ZJ-.FXI]3YV\5?\C9J_P#U^R_^A&M#PY8^#KG3W?Q!JMW:
M70D(5(4)!3`P?NGOFL_Q5_R-FK_]?LO_`*$:TO#7@'5/%&G/?65Q:1QI*8R)
MF8'(`/8'UKTI.*I)RE;;4YDFYNRN;FG:7\.%U.U:WU_4'F$R&-6C."V1@?<]
M:YCQM_R.>J_]?#5U6G?"77K34K6Y>\L"D,RNP5VR0#G^[7*^-O\`D<]5_P"O
MAJQH2@ZONSYM"YIJ&JL=C\-O&.A>'O#T]IJ=X8)GN6D"^4S?*549R![&N8^(
M&L6.N^*9+[3IO.@:)%#;2O('/!J3PO\`#_4?%6FR7UI=6T*)*8BLI;.0`>P]
MZR?$>@7'AK5FTVZECED50Q:/..?K3IPHK$2E&7O=A2E/V:36AZ+\%?\`CTU7
M_KI'_(UTGBJ6UUR['A!K[[)+<1B:1\9R@)^4>Y('X5S'P:E2#3M9FD8*D;(S
M$]@`V:\]\2ZR^O\`B&[U-LJLK_NU)^Z@X4?D*Y?8.KBYN]K?F:^T4*2/9/#W
M@>7PY#<1:7KTH2?[P:%6P?4>]8DW@BU\(W/_``DXUR22:UD\V02@?O`3AAUZ
MD$UI_">UELO!PDN/D%U<M)%N/)&`/_937EWCFQGL/&6IQSC'F3M*GH58Y'\Z
MBC&<Z\X.?KHM2IN,8*5CVWQ<ZR^"=4D1@5:S=@1W&*^<UZC->OZ%K!U7X.ZA
M'(V9;.VD@;Z`97]"!^%>/CM73@(.FIP?1F5>7-9GIOC30?!-GX7DN=*DMTOE
M*>6L-R7+$D9!!)[9KSBTMY[N\AM[9&>:1PJ*O4G-=3KGPVU?0M%;5I;BUF@0
M*7$;-N4$@`\CWJGX/\6/X7U%)39V\\3-ART8\Q0>NUNHK6B[4FZ<N=DSUFN9
M6/H.(,L**QRP4`GWI]-1@Z*ZG*L`13J^:/2"BBLG5+GQ!;DMINFV5X@Z"2Z:
M)C_XX1^M`',^-?`ESJ<[ZGHLBK=$?O+=N!*?4'L:\LO-,\01S&"?3+Q'!QM\
MEN?IZUZI=Z[\2V8I:>#[&/T=[]''Y9!K,FT+XK:ZI6]URRTF%_O1VWWA]"`3
M_P"/5WT<=.G'E:N83H1D[['`)H<.E1K?>)YS8V^<BV!!N9O94[?4XJMK&O:[
M\2-2M=&TNQ,5E"0MK9Q?=C'3<Y]AW[5Z1IWP.TA)_M&M:G=ZG*3EAG8&/N>2
M?SKT#2M%TS1+86VF6,-I$.HC3!/U/4_C6%?$SKN\BZ=.,%H<U\/?A[:^"K-I
M9)!<:E<*!-*!\JC^ZOM[]Z[.BBN<T.`^+R74WA^SBM8I9";K<1&"3PI]/K7D
M9T[52,&SNR/>-J^FZ,5Z%#'.C#DY;G/4H<\KW/G#2/">M:U?):6]A,FX_-+(
MA5$'J36QXZ\-7.G:S;V-C:7$\-O:1IYBQDACSD\>]>[T5;S*;FI6T["^K1M:
MYY;\'+*[M+G53<VLT`9(]OF(5SRWK72_$C5+O3_"TD%C%+)<7A\D>6I8JI^\
M?RX_&NMHKEGB.>M[5KY&JIVARIGS+!HNISSQPK8W`,C!03$<#)KU]/A#X;V+
MN>]+8YQ*.OY5W=%;UL?4J6Y=#.%",=]3YY\6^%IM#\1W-C9V]Q+;+AHGVEL@
MC/4"K'AKP9/XDM+RW57M;ZW`DA,J$)*IX*D]CTY]Z]^HQ5_VC/D4;:]Q?5H\
MUSYGO-`UC3[AH+K3;F-U..8R0?H>XJWX<M[ZR\2Z;<FSG`CN8R<QGIN&?TKZ
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M4=5Y[W-)4KWN]SP?PD^HV=AKFFR65R([ZQ?:#&?OJ#C]":YL:+JN!_Q+;O\`
M[\M_A7TYBBNA9BU)R4=_,S>'NDKG@.IZYXVUC3CI]ZEW);-C*"UVYQTR0*A\
M.>!M9UW48X6LYK:W#`RSS(5"COC/4^U?0E%+^T'&+C""0_JZ;O)W&QHL<:QJ
- -,*H`'T%.HHKS#I/_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
