Spok (SPOK) 8-K USA Mobility Reports Second Quarter Operating Results, Adopts Regular Quarterly Dividend of $0.65 Per Share

Exhibit 99.1

News Release

For Immediate Release	Contact:	Bob Lougee (703) 721-3080
Tuesday, August 8, 2006

USA Mobility Reports Second Quarter Operating Results,
Adopts Regular Quarterly Dividend of $0.65 Per Share

Subscriber Trends and Operating Margin Continue to Improve

Alexandria, VA (August 8, 2006) — USA Mobility, Inc. (Nasdaq: USMO), a leading provider of wireless messaging services, today announced operating results for the quarter ended June 30, 2006. Reported revenue for the second quarter was $127.2 million and EBITDA (earnings before interest, tax, depreciation, amortization and accretion) totaled $37.6 million. Second quarter operating income was $18.7 million, while net income was $11.0 million, or $0.40 per share.

The Company also announced the adoption of a regular quarterly dividend of $0.65 per share. The first regular dividend is expected to be paid late in fourth quarter 2006.

Key results in the second quarter included:

• The annual rate of subscriber erosion improved to 17.2 percent from 17.6 percent in the first quarter and 20.7 percent in the second quarter 2005 on a pro forma basis.

• Net unit loss in the second quarter improved to 203,000, compared to 252,000 in the first quarter of 2006 and 273,000 in the second quarter of 2005. Total units in service at June 30, 2006 were 4,431,000.

• Average revenue per unit (“ARPU”) was $8.74, compared to $9.02 in the second quarter of 2005 and $8.80 in the first quarter of 2006, reflecting the continuing trend of higher subscriber erosion rates in the Company’s higher ARPU smaller accounts as compared to its more stable, lower ARPU large accounts.

• Sequential quarterly revenue erosion was $7.7 million or 5.7% percent in the second quarter, compared to $8.5 million or 5.9% percent in the first quarter.

• Operating expenses, excluding depreciation, amortization and accretion, were $89.6 million in second quarter, a reduction of $6.7 million or 6.9 percent from first quarter 2006, and represent a reduction of $35.6 million or 28.4 percent compared to the second quarter of 2005.

• As a percentage of revenue, EBITDA was 29.6% in the second quarter, compared to 20.5% in the second quarter of 2005 and 28.6% in the first quarter of 2006.

• Capital expenses were $4.6 million in the second quarter, an increase of 3.9% from the first quarter.

• The Company’s cash balance at June 30, 2006 was $109.2 million.

• The Company paid a special dividend of $3.00 per share, or approximately $82 million, on July 21, 2006.

“The Company continued to make steady progress during the quarter toward our 2006 goals and objectives,” said Vincent D. Kelly, president and chief executive officer. “The rate of net subscriber losses continued to improve as we redirected our sales and service focus on target market segments and customer retention initiatives. The announcement of a regular quarterly dividend of $0.65 per share reflects our confidence to continue to drive substantial cash flow for the foreseeable future. We expect to generate cash over the next five years in excess of this rate of recurring dividend and therefore may augment the regular dividend in future periods. We also launched a targeted marketing campaign to communicate USA Mobility’s capabilities as a single source for wireless solutions, with particular emphasis on the superiority of our network for first responder organizations.”

Thomas L. Schilling, chief financial officer, said: “Our EBITDA margin improved in the quarter as a result of aggressive cost reductions. Operating expenses (excluding depreciation, amortization and accretion) were reduced by 6.9 percent compared to first quarter, outpacing the 5.7 percent decline in revenue.” Schilling also provided an update to the Company’s financial guidance for 2006, stating: “With the first half of 2006 completed we are pleased to revise our financial guidance: we now expect revenue to be between $495 million and $500 million, at the high end of our original guidance; we expect operating expenses (excluding depreciation, amortization and accretion) to be in a range from $363 million to $368 million, below our original guidance range of $370 million to $380 million; and we now expect capital expense to be between $20 million to $22 million, slightly higher than our original guidance of $15 million to $20 million.”

* * * * * * * *

USA Mobility plans to host a conference call for investors at 11:00 a.m. Eastern Time on Wednesday, August 9, 2006. The dial-in number for the call is 888-802-2266 (toll-free) or 913-312-1270 (toll). The pass code for the call is 9672476 (followed by the # sign). A replay of the call will be available from 3:00 p.m. ET on August 9 until 11:59 p.m. on Wednesday, August 23. The replay number is 888-203-1112 (toll-free) or 719-457-0820 (toll). The pass code for the replay is 9672476 (followed by the # sign).

The conference call will be held in conjunction with a meeting for financial analysts and other investors in New York City. The analyst meeting will be held at the offices of Latham & Watkins LLP, 885 Third Avenue (53^rd Street and Third Avenue), Suite 1200, immediately following the company’s Annual Meeting of Stockholders. The Annual Meeting of Stockholders is scheduled for 10:00 a.m. Financial analysts and others planning to attend the 11:00 a.m. analyst meeting should RSVP to Britni Torres at 703-718-6616 orBritni.Torres@usamobility.com. The analyst meeting will also be webcast and accessible via the investor relations section of the Company’s website atwww.usamobility.com.

* * * * * * * * *

About USA Mobility

USA Mobility, Inc., headquartered in Alexandria, Virginia, is a leading provider of paging products and other wireless services to the business, government, healthcare and emergency response sectors. USA Mobility offers traditional one-way and advanced two-way paging via its nationwide networks covering more than 90% of the U.S. population. In addition, the Company offers mobile voice and data services through Sprint Nextel and Cingular Wireless, including BlackBerry and GPS location applications. The Company’s product offerings include wireless connectivity systems for medical, business, government and other campus environments. USA Mobility focuses on the business-to-business marketplace and supplies mobile connectivity solutions to over 80% of the Fortune 1000 companies. For further information visit www.usamobility.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act: Statements contained herein or in prior press releases which are not historical fact, such as statements regarding USA Mobility’s expectations for future operating and financial performance, are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that may cause USA Mobility’s actual results to be materially different from the future results expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expectations include, but are not limited to, declining demand for paging products and services, the ability to continue to reduce operating expenses, future capital needs, competitive pricing pressures, competition from both traditional paging services and other wireless communications services, government regulation, reliance upon third-party providers for certain equipment and services, as well as other risks described from time to time in periodic reports and registration statements filed with the Securities and Exchange Commission. Although USA Mobility believes the expectations reflected in the forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. USA Mobility disclaims any intent or obligation to update any forward-looking statements.

Tables to Follow

USA MOBILITY, INC.
CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (a)

(unaudited and in thousands, except share and per share amounts)

	For the three months ended
	3/31/05			6/30/05			9/30/05			12/31/05			3/31/06			6/30/06
Revenue:
Paging service	$	156,588		$	148,399		$	141,832		$	133,582		$	125,673		$	118,872
Cellular		1,507			2,122			1,877			2,336			2,026			2,096
Product sales		6,527			6,054			6,940			6,361			6,131			5,180
Other		1,055			962			1,305			1,125			1,063			1,057
Total revenue		165,677			157,537			151,954			143,404			134,892			127,205
Operating expenses:
Cost of products sold		1,279			929			945			1,330			786			1,169
Service, rental and maintenance		56,452			56,156			53,783			49,457			48,092			44,770
Selling and marketing		10,462			11,181			11,328			10,400			11,059			11,117
General and administrative		49,653			47,011			43,436			39,684			36,141			32,208
Depreciation, amortization, and accretion		40,594			35,224			28,875			26,635			18,794			18,900
Severance and restructuring		5,137			9,904			855			713			170			321
Total operating expenses		163,578			160,405			139,223			128,219			115,043			108,486
% of total revenue		98.7	%		101.8	%		91.6	%		89.4	%		85.3	%		85.3	%
Operating income (loss)		2,099			(2,868	)		12,732			15,185			19,849			18,720
% of total revenue		1.3	%		-1.8	%		8.4	%		10.6	%		14.7	%		14.7	%
Interest (income) expense, net		1,214			499			18			(408	)		(549	)		(1,023	)
Loss on extinguishment of long-term debt		594			432			312			0			0			0
Other (income) expense, net		(137	)		73			(76	)		1,144			(62	)		(989	)
Income (loss) before income tax expense		428			(3,872	)		12,477			14,449			20,460			20,731
Income tax (benefit) expense		291			(61	)		3,752			6,594			8,195			9,779
Net income (loss)	$	137		$	(3,811	)	$	8,726		$	7,855		$	12,265		$	10,952
Basic net income (loss) per common share	$	0.01		$	(0.14	)	$	0.32		$	0.29		$	0.45		$	0.40
Diluted net income (loss) per common share	$	0.01		$	(0.14	)	$	0.32		$	0.29		$	0.45		$	0.40
Basic weighted average common shares outstanding		27,108,034			27,226,076			27,365,701			27,396,187			27,397,307			27,399,533
Diluted weighted average common shares outstanding		27,320,212			27,226,076			27,465,990			27,459,261			27,503,230			27,587,958
Reconciliation of operating income to EBITDA (b):
Operating income	$	2,099		$	(2,868	)	$	12,732		$	15,185		$	19,849		$	18,720
Add back: Depreciation, amortization and accretion		40,594			35,224			28,875			26,635			18,794			18,900
EBITDA	$	42,693		$	32,356		$	41,607		$	41,820		$	38,643		$	37,620
% of total revenue		25.8	%		20.5	%		27.4	%		29.2	%		28.6	%		29.6	%

(a)	Slight variations in totals are due to rounding.
(b)	EBITDA or Earnings before interest, taxes, depreciation and amortization is a non-GAAP measure and is presented for analytical purposes only.

USA MOBILITY, INC.
PRO FORMA UNITS IN SERVICE ACTIVITY (a)(b)
units in thousands (unaudited)

	For the three months ended
	3/31/05			6/30/05			9/30/05			12/31/05			3/31/06			6/30/06
Units in service
Beginning units in service
Direct one-way		4,464			4,272			4,114			3,977			3,835			3,678
Direct two-way		422			398			382			365			348			324
Total direct		4,886			4,670			4,496			4,342			4,183			4,002
Indirect one-way		987			859			762			685			603			535
Indirect two-way		94			91			90			89			100			96
Total indirect		1,081			951			852			774			703			631
Total beginning units in service		5,967			5,621			5,348			5,116			4,886			4,634
Gross placements
Direct one-way		142			134			125			125			108			119
Direct two-way		23			29			17			17			15			15
Total direct		165			163			142			142			123			134
Indirect one-way		108			92			26			24			24			18
Indirect two-way		7			7			5			17			4			5
Total indirect		115			99			31			41			28			23
Total gross placements		280			262			173			183			151			157
Gross disconnects
Direct one-way		(334	)		(292	)		(262	)		(267	)		(265	)		(250	)
Direct two-way		(48	)		(44	)		(34	)		(34	)		(39	)		(32	)
Total direct		(381	)		(337	)		(296	)		(301	)		(304	)		(282	)
Indirect one-way		(235	)		(189	)		(104	)		(105	)		(92	)		(70	)
Indirect two-way		(10	)		(9	)		(6	)		(6	)		(7	)		(8	)
Total indirect		(245	)		(198	)		(109	)		(111	)		(100	)		(78	)
Total gross disconnects		(626	)		(535	)		(405	)		(413	)		(404	)		(360	)
Net gain (loss)
Direct one-way		(192	)		(159	)		(137	)		(142	)		(157	)		(131	)
Direct two-way		(24	)		(15	)		(17	)		(17	)		(24	)		(17	)
Total direct		(216	)		(174	)		(154	)		(159	)		(181	)		(148	)
Indirect one-way		(128	)		(97	)		(77	)		(82	)		(68	)		(52	)
Indirect two-way		(2	)		(1	)		(1	)		11			(4	)		(2	)
Total indirect		(130	)		(99	)		(78	)		(71	)		(72	)		(55	)
Total net change		(346	)		(273	)		(233	)		(230	)		(252	)		(203	)
Ending units in service
Direct one-way		4,272			4,114			3,977			3,835			3,678			3,547
Direct two-way		398			382			365			348			324			307
Total direct		4,670			4,496			4,342			4,183			4,002			3,854
Indirect one-way		859			762			685			603			535			483
Indirect two-way		91			90			89			100			96			94
Total indirect		951			852			774			703			631			577
Total ending units in service		5,621			5,348			5,116			4,886			4,634			4,431

(a) The third quarter 2005 unit in service adjustment has been reflected in the first quarter 2005 beginning units in service balance.
(b) Slight variations in totals are due to rounding.

USA MOBILITY, INC.
PRO FORMA AVERAGE REVENUE PER UNIT (ARPU) AND CHURN (a)
(unaudited)

	For the three months ended
	3/31/05			6/30/05			9/30/05			12/31/05			3/31/06			6/30/06
ARPU
Direct one-way	$	8.65		$	8.61		$	8.48		$	8.27		$	8.17		$	8.06
Direct two-way		23.98			23.65			24.28			23.76			23.61			23.75
Total direct		9.96			9.89			9.81			9.57			9.44			9.32
Indirect one-way		4.07			4.11			4.36			4.66			4.53			4.59
Indirect two-way		9.16			8.71			8.42			7.80			6.93			6.99
Total indirect		4.53			4.57			4.81			5.06			4.89			4.97
Total one-way		7.85			7.88			7.85			7.76			7.69			7.63
Total two-way		21.25			20.83			21.22			20.42			19.85			19.87
Total paging ARPU	$	9.01		$	9.02		$	9.04		$	8.90		$	8.80		$	8.74
Gross churn (b) %
Direct one-way		-7.5	%		-6.8	%		-6.4	%		-6.7	%		-6.9	%		-6.8	%
Direct two-way		-11.4	%		-11.1	%		-8.9	%		-9.4	%		-11.1	%		-9.8	%
Total direct		-7.8	%		-7.2	%		-6.6	%		-6.9	%		-7.3	%		-7.0	%
Indirect one-way		-23.8	%		-22.0	%		-13.6	%		-15.3	%		-15.3	%		-13.1	%
Indirect two-way		-10.2	%		-9.7	%		-6.4	%		-7.2	%		-7.1	%		-8.2	%
Total indirect		-22.6	%		-20.8	%		-12.8	%		-14.4	%		-14.2	%		-12.4	%
Total one-way		-10.4	%		-9.4	%		-7.5	%		-8.0	%		-8.1	%		-7.6	%
Total two-way		-11.1	%		-10.8	%		-8.4	%		-9.0	%		-10.2	%		-9.5	%
Total paging gross churn %		-10.5	%		-9.5	%		-7.6	%		-8.1	%		-8.3	%		-7.8	%
Net churn (c) %
Direct one-way		-4.3	%		-3.7	%		-3.3	%		-3.6	%		-4.1	%		-3.6	%
Direct two-way		-5.8	%		-3.8	%		-4.5	%		-4.8	%		-6.8	%		-5.2	%
Total direct		-4.4	%		-3.7	%		-3.4	%		-3.7	%		-4.3	%		-3.7	%
Indirect one-way		-12.9	%		-11.3	%		-10.2	%		-11.9	%		-11.3	%		-9.8	%
Indirect two-way		-2.6	%		-1.5	%		-1.2	%		12.2	%		-3.5	%		-2.6	%
Total indirect		-12.0	%		-10.4	%		-9.2	%		-9.1	%		-10.2	%		-8.7	%
Total one-way		-5.9	%		-5.0	%		-4.4	%		-4.8	%		-5.1	%		-4.3	%
Total two-way		-5.2	%		-3.4	%		-3.9	%		-1.4	%		-6.1	%		-4.6	%
Total paging net churn %		-5.8	%		-4.9	%		-4.3	%		-4.5	%		-5.2	%		-4.4	%

(a) The third quarter 2005 unit in service adjustment has been reflected in the first quarter 2005 beginning units in service balance.
(b) Gross churn is current period disconnected units divided by prior period ending units in service.
(c) Net churn is net current period placements and disconnected units in service divided by prior period ending units in service

USA MOBILITY, INC.
SUPPLEMENTAL INFORMATION — DIRECT UNITS IN SERVICE AND CELLULAR ACTIVATIONS (a)
(unaudited)

	For the three months ended
	12/31/05		3/31/06			6/30/06
Account size ending units in service (000’s)
1 to 3 units		388		358			327
4 to 10 units		221		203			188
11 to 50 units		527		489			456
51 to 100 units		285		265			249
101 to 1,000 units		1,134		1,068			1,027
>1,000 units		1,628		1,619			1,608
Total		4,183		4,002			3,854
Account size net unit loss %
1 to 3 units				-7.8	%		-8.7	%
4 to 10 units				-8.2	%		-7.5	%
11 to 50 units				-7.2	%		-6.8	%
51 to 100 units				-7.0	%		-6.2	%
101 to 1,000 units				-5.8	%		-3.8	%
>1,000 units				-0.5	%		-0.7	%
Total				-4.3	%		-3.7	%
Account size ARPU
1 to 3 units	$	14.30	$	14.02		$	14.13
4 to 10 units		13.11		13.02			13.08
11 to 50 units		10.89		10.88			10.81
51 to 100 units		9.71		9.59			9.53
101 to 1,000 units		8.44		8.34			8.29
>1,000 units		8.19		8.18			8.05
Total	$	9.57	$	9.44		$	9.32
Cellular revenue
Number of activations		8,682		6,829			6,969
Revenue from cellular services (000’s)	$	2,336	$	2,026		$	2,096

(a) Slight variations in totals are due to rounding.

USA MOBILITY, INC.
CONSOLIDATED OPERATING EXPENSE SUPPLEMENTAL INFORMATION (a)
(unaudited and in thousands)

	For the three months ended
	3/31/05		6/30/05		9/30/05		12/31/05		3/31/06		6/30/06
Cost of products sold	$	1,279	$	929	$	945	$	1,330	$	786	$	1,169
Service, rental and maintenance
Lease payments for transmitter locations		33,041		32,067		30,347		29,118		26,099		25,021
Telecommunications related expenses		10,286		11,821		10,585		9,614		9,099		8,481
Payroll and related expenses		8,917		7,600		7,488		7,127		7,046		6,578
Stock based compensation		97		52		43		68		81		83
Other		4,111		4,617		5,320		3,530		5,767		4,606
Total service, rental and maintenance		56,452		56,156		53,783		49,457		48,092		44,770
Selling and marketing
Payroll and related expenses		7,736		7,363		7,626		6,704		7,709		7,317
Commissions		2,261		3,058		2,731		2,266		2,226		2,373
Stock based compensation		60		25		52		89		171		166
Other		405		735		919		1,341		953		1,262
Total selling and marketing		10,462		11,181		11,328		10,400		11,059		11,117
General and administrative
Payroll and related expenses		18,676		17,926		14,796		12,046		12,330		11,412
Stock based compensation		1,228		520		175		423		430		462
Bad debt		1,527		963		2,440		3,899		1,790		1,705
Facility expenses		6,112		5,289		5,160		4,601		4,104		3,973
Telecommunications		2,898		2,416		2,495		2,292		2,248		1,982
Outside services		6,768		7,988		5,391		7,962		6,419		5,631
Taxes and permits		5,308		4,855		6,170		2,871		4,149		2,708
Other		7,137		7,055		6,809		5,590		4,670		4,335
Total general and administrative		49,653		47,011		43,436		39,684		36,141		32,208
Depreciation, amortization and accretion		40,594		35,224		28,875		26,635		18,794		18,900
Severance and restructuring		5,137		9,904		855		713		170		321
Operating expenses	$	163,578	$	160,405	$	139,223	$	128,219	$	115,043	$	108,486

(a) Slight variations in totals are due to rounding.

USA MOBILITY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS (a)
(in thousands)

	6/30/05		12/31/05		6/30/06
	(unaudited)				(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	42,643	$	37,547	$	109,164
Accounts receivable, net		38,012		38,177		29,581
Prepaid rent, expenses and other		13,503		10,660		11,788
Deferred income tax assets		22,841		18,895		15,902
Total current assets	$	116,999	$	105,279	$	166,435
Property and equipment, net		164,322		127,802		108,146
Goodwill		154,811		149,478		149,478
Intangible assets, net		52,004		40,654		32,651
Deferred income tax assets		209,515		207,150		203,696
Other assets		5,010		3,430		4,329
Total assets	$	702,661	$	633,793	$	664,735
Liabilities and stockholders’ equity
Current liabilities:
Current maturities of long-term debt	$	17,681	$	13	$	—
Accounts payable and other accrued liabilities		81,569		65,719		58,837
Dividends payable		—		—		81,784
Customer deposits		3,606		3,104		2,634
Deferred revenue		20,921		17,924		17,433
Total current liabilities	$	123,777	$	86,760	$	160,688
Long-term debt, less current maturities		8,833		—		—
Other long-term liabilities		13,791		14,040		28,598
Total liabilities	$	146,401	$	100,800	$	189,286
Stockholders’ equity:
Preferred stock	$	—	$	—	$	—
Common stock		3		3		3
Additional paid-in capital		540,146		521,298		475,446
Retained earnings		16,111		11,692		—
Total stockholders’ equity		556,260		532,993		475,449
Total liabilities and stockholders’ equity	$	702,661	$	633,793	$	664,735

(a) Slight variations in totals are due to rounding.

USA MOBILITY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (a)
(unaudited and in thousands)

	For the six months ended
	6/30/05			6/30/06
Cash flows from operating activities:
Net income (loss)	$	(3,674	)	$	23,217
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion		75,819			37,695
Deferred income tax expense (benefit)		(560	)		6,446
Loss on extinguishment of long-term debt		1,026			—
Amortization of deferred financing costs		630			—
Amortization of stock based compensation		1,982			1,393
Provisions for doubtful accounts, service credits and other		11,328			7,897
(Gain) loss on disposals of property and equipment		(32	)		404
Changes in assets and liabilities:
Accounts receivable		(9,442	)		(723	)
Prepaid rent, expenses and other		2,018			(872	)
Intangibles and other long-term assets		2,560			321
Accounts payable and accrued expenses		(5,001	)		(7,253	)
Customer deposits and deferred revenue		(3,412	)		(961	)
Other long-term liabilities		(4,078	)		12,839
Net cash provided by operating activities	$	69,164		$	80,403
Cash flows from investing activities:
Purchases of property and equipment		(5,383	)		(9,019	)
Proceeds from disposals of property and equipment		176			56
Receipts from long-term note receivable		181			190
Net cash used for investing activities	$	(5,026	)	$	(8,773	)
Cash flows from financing activities:
Repayment of long-term debt		(68,544	)		(13	)
Exercise of options		54			—
Net cash used for financing activities	$	(68,490	)	$	(13	)
Net increase (decrease) in cash and cash equivalents		(4,352	)		71,617
Cash and cash equivalents, beginning of period		46,995			37,547
Cash and cash equivalents, end of period	$	42,643		$	109,164
Supplemental disclosure:
Interest paid	$	1,996		$	17

(a) Slight variations in totals are due to rounding.