Spok (SPOK) 8-K USA Mobility Reports Third Quarter Operating Results; Board Declares Quarterly Cash Distribution of $0.65 Per Share

EXHIBIT 99.1

For Immediate Release	Contact:	Bob Lougee   (703) 721-3080
Wednesday, October 31, 2007		bob.lougee@usamobility.com

USA Mobility Reports Third Quarter Operating Results;
Board Declares Quarterly Cash Distribution of $0.65 Per Share

Net Income Totals $20.3 Million as Subscriber and Revenue Trends Improve

Alexandria, VA (October 31, 2007) — USA Mobility, Inc. (Nasdaq: USMO), a leading provider of wireless messaging and communications services, today announced operating results for the third quarter ended September 30, 2007. Reported net income was $20.3 million, or $0.74 per fully diluted share, compared to $8.7 million, or $0.31 per fully diluted share, in the third quarter of 2006.

In addition, on October 30, 2007 the Company’s Board of Directors declared a regular quarterly cash distribution of $0.65 per share. The cash distribution will be paid on November 29, 2007 to stockholders of record on November 8, 2007. The Company expects the entire amount of the cash distribution to be paid as a return of capital.

Third quarter results included:

• Reported revenue totaled $105.4 million, compared to $107.5 million in the second quarter of 2007 and $119.6 million in the third quarter of 2006.

• The quarterly rate of revenue erosion improved to 1.9 percent from 3.7 percent in the second quarter, while the annual rate of revenue erosion improved to 11.8 percent in the third quarter compared to 15.5 percent in the second quarter and 17.3 percent in the first quarter of 2007.

• Average revenue per unit (“ARPU”) improved to $8.62, compared to $8.54 in the second quarter and $8.60 in the year-earlier quarter.

• Operating expenses — excluding depreciation, amortization and accretion — totaled $73.9 million, a reduction of $12.4 million, or 14.4 percent, from the third quarter of 2006.

• EBITDA (earnings before interest, taxes, depreciation, amortization and accretion) was $31.6 million for the third quarter, while EBITDA margin (or EBITDA as a percentage of revenue) was 29.9 percent.

• Operating income totaled $19.5 million, compared to $14.9 million in the third quarter of 2006.

• Net unit loss was 137,000, compared to 155,000 in the second quarter and 193,000 in the first quarter of 2007 and 172,000 in the year-earlier quarter. Units in service at September 30, 2007 totaled 3,620,000, compared to 3,757,000 at June 30, 2007 and 4,259,000 at September 30, 2006.

• The quarterly rate of subscriber erosion improved to 3.7 percent, compared to 4.0 percent in the second quarter and 4.7 percent in the first quarter. The annual rate of unit loss improved to 15.0 percent at September 30, 2007 from 15.2 percent at June 30, 2007.

• Capital expenses were $4.5 million, compared to $5.2 million in the year-earlier quarter.

• The Company’s cash balance at September 30, 2007 was $63.5 million.

“We once again reported an extremely positive quarter, meeting or exceeding the majority of our business goals and objectives,” said Vincent D. Kelly, president and chief executive officer. “Revenue declined at its lowest level in years, cash flow generation remained strong, and we made additional improvements to our cost structure — including solid progress on our site rent rationalization plan. In addition, the rate of subscriber churn and average revenue per unit showed modest improvement from the prior quarter. Overall, we were pleased and encouraged by the Company’s operating results for the quarter.”

Kelly said the Company’s strategy to focus its selling and marketing efforts around three core subscriber segments, includingHealthcare Providers, Government Services and Large Enterprises, all of which include First Responders, continued to generate positive results in the third quarter. “Among other new business opportunities in the government and healthcare sectors, we were pleased to expand our relationship with the U.S. Department of Health and Human Services (DHHS) by providing additional paging units for the National Disaster Medical System, the agency’s nationwide emergency response system. Given the effectiveness of our networks in disaster scenarios, we look to establish similar relationships with other federal, state and local government agencies to help them meet their emergency response communications needs.”

Kelly also noted that the Company returned approximately $17.7 million in capital to stockholders during the third quarter in the form of a cash distribution, consistent with its strategy of returning cash to stockholders. The cash distribution of $0.65 per share was paid on September 6, 2007. Including quarterly and special cash distributions paid earlier in the year, the Company has returned approximately $80.5 million in capital to stockholders thus far in 2007.

Kelly cautioned, however, that the Company’s ability to continue to return capital to stockholders will depend largely on future operating results as well as internal capital requirements. “Despite a very successful third quarter,” he said, “we face ongoing operating challenges as the rate of gross subscriber cancellations remains high.

The continuation of this trend, coupled with the related loss of revenue, presents a significant risk with respect to future operating margins and cash flows since a lower revenue base limits our opportunities to reduce costs. If this trend were to continue, the impact would be to reduce the amount of cash generated in future periods.” In short, while we are pleased with our current operating performance, we are mindful of these longer term risks and are working diligently to address them.”

Thomas L. Schilling, chief operating officer and chief financial officer, said the Company further reduced its operating expenses during the third quarter, including reductions in site rent and telecommunications expense. “Operating expenses — excluding depreciation, amortization and accretion — decreased 0.4 percent from the second quarter and 14.4 percent from the third quarter of 2006; however, the decrease from the second to the third quarter would have been 2.0 percent absent a one-time severance and restructuring charge of approximately $1.2 million in part connected with the executive management realignment announced in mid-October.” Schilling added: “We also benefited from a slight increase in ARPU in the quarter — the result of price increases in selected distribution channels and improvements in the rate of service credits – which helped offset our rate of revenue erosion. We believe we have now taken the ‘low hanging fruit’ this year in terms of our ability to effect meaningful ARPU enhancement through selective price increases and, as a result, we expect ARPU going forward to trend downward, albeit at a slower pace than in recent years.

“While subscriber disconnect rates remain higher than forecast and a major challenge, we continued to generate strong cash flow during the third quarter and, overall, are pleased with our financial results. Accordingly,” Schilling said, “we are maintaining our previous financial guidance for 2007, projecting full-year revenues between $420 million to $425 million, operating expenses – excluding depreciation, amortization and accretion – between $293 million to $298 million, and capital expenses between $18 million to $20 million.”

* * * * * * * * *

As previously announced, USA Mobility plans to host a conference call for investors on its third quarter results at 10:00 a.m. Eastern Time on Thursday, November 1, 2007. The dial-in number for the call is 888-600-4885 (toll-free) or 913-312-1485 (toll). The pass code for the call is 7577647. A replay of the call will be available from 3:00 p.m. ET on November 1 until 11:59 p.m. on Thursday, November 15. The replay number is 888-203-1112 (toll-free) or 719-457-0820 (toll). The pass code for the replay is 7577647.

* * * * * * * * *

About USA Mobility

USA Mobility, Inc., headquartered in Alexandria, Virginia, is a comprehensive provider of reliable and affordable wireless communications solutions to the healthcare, government, large enterprise and emergency response sectors. As a single-source provider, USA Mobility‘s focus is on the business-to-business marketplace and supplying wireless connectivity solutions to over 70 percent of the Fortune 1000 companies.  The Company operates nationwide networks for both one-way paging and advanced two-way messaging services. In addition, USA Mobility offers mobile voice and data services through Sprint Nextel, including BlackBerry devices and GPS location applications. The Company’s product offerings include customized wireless connectivity systems for the healthcare, government and other campus environments.  USA Mobility also offers M2M (machine-to-machine) telemetry solutions for numerous applications that include asset tracking, utility meter reading and other remote device monitoring applications on a national scale.  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 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.    

USA MOBILITY, INC.
CONDENSED CONSOLIDATED INCOME STATEMENTS (a)
(unaudited and in thousands, except share and per share amounts)

	For the three months ended
	3/31/06			6/30/06			9/30/06			12/31/06			3/31/07			6/30/07			9/30/07
Revenue:
Paging service	$	125,673		$	118,872		$	112,129		$	107,520		$	104,003		$	98,248		$	95,393
Cellular		2,026			2,096			1,728			1,877			2,087			2,497			2,035
Product sales		6,131			5,180			4,851			5,394			4,400			5,335			6,851
Other		1,062			1,057			845			1,253			1,052			1,390			1,145
Total revenue		134,892			127,205			119,553			116,044			111,542			107,470			105,424
Operating expenses:
Cost of products sold		786			1,169			1,184			698			687			1,508			2,435
Service, rental and maintenance		48,092			44,769			42,489			41,770			39,033			39,356			36,746
Selling and marketing		11,059			11,118			10,929			10,796			10,242			9,975			9,891
General and administrative		36,142			32,208			30,994			28,533			26,448			23,297			23,606
Depreciation, amortization and accretion		18,794			18,900			18,361			17,244			13,318			12,450			12,048
Severance and restructuring		170			321			682			3,413			17			—			1,177
Total operating expenses		115,043			108,485			104,639			102,454			89,745			86,586			85,903
% of total revenue		85.3	%		85.3	%		87.5	%		88.3	%		80.5	%		80.6	%		81.5	%
Operating income		19,849			18,720			14,914			13,590			21,797			20,884			19,521
% of total revenue		14.7	%		14.7	%		12.5	%		11.7	%		19.5	%		19.4	%		18.5	%
Interest income, net		549			1,023			717			1,579			951			932			856
Other income (expense), net		62			988			103			(353	)		(516	)		826			1,038
Income before income tax expense		20,460			20,731			15,734			14,816			22,232			22,642			21,415
Income tax expense		8,195			9,779			7,075			6,511			9,206			9,676			1,109
Net income	$	12,265		$	10,952		$	8,659		$	8,305		$	13,026		$	12,966		$	20,306
Basic net income per common share	$	0.45		$	0.40		$	0.32		$	0.30		$	0.47		$	0.47		$	0.74
Diluted net income per common share	$	0.45		$	0.40		$	0.31		$	0.30		$	0.47		$	0.47		$	0.74
Basic weighted average common shares outstanding		27,397,307			27,399,533			27,400,853			27,401,492			27,434,418			27,440,094			27,445,028
Diluted weighted average common shares outstanding		27,503,230			27,587,958			27,575,039			27,597,919			27,578,066			27,570,346			27,595,905
Reconciliation of operating income to EBITDA (b):
Operating income	$	19,849		$	18,720		$	14,914		$	13,590		$	21,797		$	20,884		$	19,521
Add back: Depreciation, amortization and accretion		18,794			18,900			18,361			17,244			13,318			12,450			12,048
EBITDA	$	38,643		$	37,620		$	33,275		$	30,834		$	35,115		$	33,334		$	31,569
% of total revenue		28.6	%		29.6	%		27.8	%		26.6	%		31.5	%		31.0	%		29.9	%

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

USA MOBILITY, INC.
UNITS IN SERVICE ACTIVITY (a)
(unaudited and in thousands)

	For the three months ended
	3/31/06			6/30/06			9/30/06			12/31/06			3/31/07			6/30/07			9/30/07
Units in service
Beginning units in service
Direct one-way		3,835			3,678			3,547			3,429			3,318			3,179			3,071
Direct two-way		348			324			307			292			280			263			245
Total direct		4,183			4,002			3,854			3,721			3,598			3,442			3,316
Indirect one-way		603			535			483			449			417			378			346
Indirect two-way		100			97			94			89			90			92			95
Total indirect		703			632			577			538			507			470			441
Total beginning units in service		4,886			4,634			4,431			4,259			4,105			3,912			3,757
Gross placements
Direct one-way		108			119			120			112			91			112			107
Direct two-way		15			15			15			15			12			14			13
Total direct		123			134			135			127			103			126			120
Indirect one-way		24			18			24			36			19			25			35
Indirect two-way		4			5			5			6			8			8			7
Total indirect		28			23			29			42			27			33			42
Total gross placements		151			157			164			169			130			159			162
Gross disconnects
Direct one-way		(265	)		(250	)		(238	)		(222	)		(230	)		(220	)		(217	)
Direct two-way		(39	)		(32	)		(30	)		(28	)		(29	)		(32	)		(26	)
Total direct		(304	)		(282	)		(268	)		(250	)		(259	)		(252	)		(243	)
Indirect one-way		(92	)		(70	)		(58	)		(68	)		(58	)		(57	)		(51	)
Indirect two-way		(8	)		(8	)		(10	)		(5	)		(6	)		(5	)		(5	)
Total indirect		(100	)		(78	)		(68	)		(73	)		(64	)		(62	)		(56	)
Total gross disconnects		(404	)		(360	)		(336	)		(323	)		(323	)		(314	)		(299	)
Net gain (loss)
Direct one-way		(157	)		(131	)		(118	)		(111	)		(139	)		(108	)		(110	)
Direct two-way		(24	)		(17	)		(15	)		(12	)		(17	)		(18	)		(13	)
Total direct		(181	)		(148	)		(133	)		(123	)		(156	)		(126	)		(123	)
Indirect one-way		(68	)		(52	)		(34	)		(32	)		(39	)		(32	)		(16	)
Indirect two-way		(4	)		(3	)		(5	)		1			2			3			2
Total indirect		(72	)		(55	)		(39	)		(31	)		(37	)		(29	)		(14	)
Total net change		(253	)		(203	)		(172	)		(154	)		(193	)		(155	)		(137	)
Ending units in service
Direct one-way		3,678			3,547			3,429			3,318			3,179			3,071			2,961
Direct two-way		324			307			292			280			263			245			232
Total direct		4,002			3,854			3,721			3,598			3,442			3,316			3,193
Indirect one-way		535			483			449			417			378			346			330
Indirect two-way		97			94			89			90			92			95			97
Total indirect		632			577			538			507			470			441			427
Total ending units in service		4,634			4,431			4,259			4,105			3,912			3,757			3,620

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

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

	For the three months ended
	3/31/06			6/30/06			9/30/06			12/31/06			3/31/07			6/30/07			9/30/07
ARPU
Direct one-way	$	8.17		$	8.06		$	7.95		$	7.86		$	7.96		$	7.87		$	7.98
Direct two-way		23.61			23.75			23.27			23.61			23.91			24.02			24.17
Total direct		9.44			9.32			9.16			9.09			9.18			9.08			9.16
Indirect one-way		4.53			4.59			4.49			4.56			4.45			4.12			4.35
Indirect two-way		6.93			6.99			6.53			6.63			6.30			6.10			5.30
Total indirect		4.89			4.97			4.82			4.92			4.79			4.53			4.56
Total one-way		7.69			7.63			7.54			7.49			7.57			7.48			7.61
Total two-way		19.85			19.87			19.35			19.55			19.46			19.18			18.74
Total paging ARPU	$	8.80		$	8.74		$	8.60		$	8.57		$	8.65		$	8.54		$	8.62
Gross disconnect rate (b)
Direct one-way		-6.9	%		-6.8	%		-6.7	%		-6.5	%		-6.9	%		-6.9	%		-7.1	%
Direct two-way		-11.1	%		-9.8	%		-9.8	%		-9.5	%		-10.5	%		-12.2	%		-10.5	%
Total direct		-7.3	%		-7.0	%		-7.0	%		-6.7	%		-7.2	%		-7.3	%		-7.3	%
Indirect one-way		-15.3	%		-13.1	%		-12.0	%		-15.1	%		-14.0	%		-15.1	%		-14.7	%
Indirect two-way		-7.1	%		-8.2	%		-10.6	%		-5.8	%		-6.2	%		-5.4	%		-5.7	%
Total indirect		-14.2	%		-12.4	%		-11.8	%		-13.5	%		-12.6	%		-13.2	%		-12.8	%
Total one-way		-8.1	%		-7.6	%		-7.4	%		-7.5	%		-7.7	%		-7.8	%		-7.8	%
Total two-way		-10.2	%		-9.5	%		-10.0	%		-8.6	%		-9.4	%		-10.4	%		-9.2	%
Total paging gross disconnect rate		-8.3	%		-7.8	%		-7.6	%		-7.6	%		-7.9	%		-8.0	%		-8.0	%
Net gain / loss rate (c)
Direct one-way		-4.1	%		-3.6	%		-3.3	%		-3.2	%		-4.2	%		-3.4	%		-3.6	%
Direct two-way		-6.8	%		-5.2	%		-4.9	%		-4.4	%		-6.0	%		-6.8	%		-5.3	%
Total direct		-4.3	%		-3.7	%		-3.5	%		-3.3	%		-4.3	%		-3.7	%		-3.7	%
Indirect one-way		-11.3	%		-9.8	%		-7.1	%		-7.1	%		-9.5	%		-8.5	%		-4.6	%
Indirect two-way		-3.5	%		-2.6	%		-4.5	%		1.0	%		2.5	%		3.3	%		2.1	%
Total indirect		-10.2	%		-8.7	%		-6.7	%		-5.7	%		-7.3	%		-6.2	%		-3.2	%
		��
Total one-way		-5.1	%		-4.3	%		-3.8	%		-3.7	%		-4.8	%		-3.9	%		-3.7	%
Total two-way		-6.1	%		-4.6	%		-4.8	%		-3.1	%		-3.9	%		-4.2	%		-3.3	%
Total paging net gain / loss rate		-5.2	%		-4.4	%		-3.9	%		-3.6	%		-4.7	%		-4.0	%		-3.7	%

(a)	Slight variations in totals are due to rounding.
(b)	Gross disconnect rate is current period disconnected units divided by prior period ending units in service.
(c)	Net gain / loss rate is net current period placements and disconnected units in service divided by prior period ending units in service.

USA MOBILITY, INC.
SUPPLEMENTAL INFORMATION BY CUSTOMER SEGMENT (a)
(unaudited)

							For the three months ended
	3/31/06			6/30/06			9/30/06			12/31/06			3/31/07			6/30/07			9/30/07
Gross placement rate
Healthcare		3.8	%		4.5	%		4.1	%		4.2	%		3.6	%		4.8	%		4.5	%
Government		2.2	%		2.3	%		2.6	%		2.1	%		2.2	%		2.5	%		2.5	%
Large enterprise		2.6	%		3.0	%		3.8	%		3.9	%		2.7	%		3.0	%		2.9	%
Other		2.7	%		3.0	%		3.3	%		3.1	%		2.6	%		3.2	%		3.4	%
Total direct		2.9	%		3.3	%		3.5	%		3.4	%		2.9	%		3.7	%		3.6	%
Total indirect		4.0	%		3.7	%		5.1	%		7.8	%		5.3	%		6.9	%		9.6	%
Total		3.1	%		3.4	%		3.7	%		4.0	%		3.2	%		4.1	%		4.3	%
Gross disconnect rate
Healthcare		-4.6	%		-4.7	%		-5.3	%		-4.6	%		-4.6	%		-5.0	%		-5.6	%
Government		-5.7	%		-6.3	%		-5.9	%		-5.8	%		-5.8	%		-6.4	%		-6.8	%
Large enterprise		-7.7	%		-7.4	%		-6.9	%		-6.8	%		-8.4	%		-9.3	%		-7.6	%
Other		-10.3	%		-9.5	%		-9.3	%		-9.5	%		-10.9	%		-10.5	%		-10.5	%
Total direct		-7.3	%		-7.0	%		-7.0	%		-6.7	%		-7.2	%		-7.3	%		-7.3	%
Total indirect		-14.2	%		-12.4	%		-11.8	%		-13.5	%		-12.6	%		-13.2	%		-12.8	%
Total		-8.3	%		-7.8	%		-7.6	%		-7.6	%		-7.8	%		-8.0	%		-8.0	%
Net loss rate
Healthcare		-0.7	%		-0.2	%		-1.1	%		-0.4	%		-1.1	%		-0.2	%		-1.0	%
Government		-3.5	%		-4.1	%		-3.3	%		-3.6	%		-3.6	%		-3.8	%		-4.3	%
Large enterprise		-5.1	%		-4.3	%		-3.0	%		-2.9	%		-5.7	%		-6.2	%		-4.6	%
Other		-7.5	%		-6.6	%		-6.1	%		-6.4	%		-8.3	%		-7.2	%		-7.2	%
Total direct		-4.3	%		-3.7	%		-3.5	%		-3.3	%		-4.3	%		-3.7	%		-3.7	%
Total indirect		-10.2	%		-8.7	%		-6.7	%		-5.7	%		-7.3	%		-6.2	%		-3.2	%
Total		-5.2	%		-4.4	%		-3.9	%		-3.6	%		-4.7	%		-4.0	%		-3.7	%
End of period units in service % of total
Healthcare		29.0	%		30.5	%		31.5	%		32.5	%		33.6	%		35.0	%		36.2	%
Government		16.4	%		16.4	%		16.6	%		16.5	%		17.9	%		18.0	%		17.8	%
Large enterprise		10.2	%		10.2	%		10.1	%		10.3	%		13.8	%		13.6	%		13.5	%
Other		30.8	%		29.9	%		29.2	%		28.3	%		22.7	%		21.7	%		20.7	%
Total direct		86.4	%		87.0	%		87.4	%		87.6	%		88.0	%		88.3	%		88.2	%
Total indirect		13.6	%		13.0	%		12.6	%		12.4	%		12.0	%		11.7	%		11.8	%
Total		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

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

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

	For the three months ended
	3/31/06			6/30/06			9/30/06			12/31/06			3/31/07			6/30/07			9/30/07
Account size ending units in service (000’s)
1 to 3 units		358			327			300			275			251			232			216
4 to 10 units		203			188			175			163			150			139			129
11 to 50 units		489			456			426			398			368			344			319
51 to 100 units		265			249			238			226			215			200			189
101 to 1,000 units		1,068			1,027			999			967			924			898			856
>1,000 units		1,619			1,607			1,583			1,569			1,534			1,503			1,484
Total		4,002			3,854			3,721			3,598			3,442			3,316			3,193
End of period units in service % of total direct
1 to 3 units		8.9	%		8.5	%		8.1	%		7.6	%		7.3	%		7.0	%		6.8	%
4 to 10 units		5.1	%		4.9	%		4.7	%		4.5	%		4.4	%		4.2	%		4.0	%
11 to 50 units		12.2	%		11.8	%		11.4	%		11.1	%		10.7	%		10.4	%		10.0	%
51 to 100 units		6.6	%		6.5	%		6.4	%		6.3	%		6.2	%		6.0	%		5.9	%
101 to 1,000 units		26.7	%		26.6	%		26.9	%		26.9	%		26.8	%		27.1	%		26.8	%
>1,000 units		40.5	%		41.7	%		42.5	%		43.6	%		44.6	%		45.3	%		46.5	%
Total		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Account size net loss rate
1 to 3 units					-8.7	%		-8.0	%		-8.3	%		-9.0	%		-7.6	%		-6.6	%
4 to 10 units					-7.5	%		-6.9	%		-6.6	%		-7.9	%		-7.6	%		-7.0	%
11 to 50 units					-6.8	%		-6.5	%		-6.6	%		-7.6	%		-6.4	%		-7.3	%
51 to 100 units					-6.2	%		-4.2	%		-5.2	%		-4.9	%		-6.9	%		-5.7	%
101 to 1,000 units					-3.8	%		-2.7	%		-3.2	%		-4.4	%		-2.8	%		-4.7	%
>1,000 units					-0.7	%		-1.6	%		-0.9	%		-2.2	%		-2.0	%		-1.3	%
Total					-3.7	%		-3.5	%		-3.3	%		-4.3	%		-3.7	%		-3.7	%
Account size ARPU
1 to 3 units	$	14.02		$	14.14		$	14.07		$	14.16		$	14.71		$	14.67		$	13.27
4 to 10 units		13.02			13.08			12.99			13.03			13.42			13.40			12.21
11 to 50 units		10.88			10.81			10.72			10.73			10.95			10.93			9.90
51 to 100 units		9.59			9.53			9.39			9.27			9.44			9.48			8.64
101 to 1,000 units		8.34			8.29			8.21			8.15			8.24			8.24			7.38
>1,000 units		8.18			8.05			7.89			7.88			7.92			7.80			6.90
Total	$	9.44		$	9.32		$	9.16		$	9.09		$	9.18		$	9.08		$	9.16
Cellular revenue
Number of activations		6,829			6,969			6,374			5,818			5,450			8,046			5,579
Revenue from cellular services (000’s)	$	2,026		$	2,096		$	1,728		$	1,877		$	2,087		$	2,497		$	2,035

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

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

	For the three months ended
	3/31/06		6/30/06		9/30/06		12/31/06			3/31/07		6/30/07			9/30/07
Cost of products sold	$	786	$	1,169	$	1,184	$	698		$	687	$	1,508		$	2,435
Service, rental and maintenance
Site rent		26,099		25,021		24,314		24,204			22,284		22,115			20,705
Telecommunications and related		9,099		8,480		7,343		7,185			7,058		6,622			5,289
Payroll and related		7,046		6,578		6,517		6,136			6,488		6,657			6,871
Stock based compensation		81		83		78		78			31		30			26
Other		5,767		4,607		4,237		4,167			3,172		3,932			3,855
Total service, rental and maintenance		48,092		44,769		42,489		41,770			39,033		39,356			36,746
Selling and marketing
Payroll and related		7,709		7,317		6,996		6,902			6,740		6,259			5,984
Commissions		2,226		2,373		2,407		2,577			2,170		2,386			2,140
Stock based compensation		171		166		178		55			93		91			67
Other		953		1,262		1,348		1,262			1,239		1,239			1,700
Total selling and marketing		11,059		11,118		10,929		10,796			10,242		9,975			9,891
General and administrative
Payroll and related		12,330		11,412		9,517		9,287			9,560		9,343			9,487
Stock based compensation		431		461		484		462			304		299			214
Bad debt		1,790		1,705		2,035		1,975			1,402		1,075			854
Facility rent		4,104		3,973		3,468		3,408			2,947		3,066			2,614
Telecommunications		2,248		1,982		1,858		1,714			1,764		1,526			1,402
Outside services		6,419		5,631		6,162		7,122			5,504		5,222			5,136
Taxes, licenses and permits		4,149		2,708		3,036		(501	)		2,316		(20	)		1,815
Other		4,671		4,336		4,434		5,066			2,651		2,786			2,084
Total general and administrative		36,142		32,208		30,994		28,533			26,448		23,297			23,606
Depreciation, amortization and accretion		18,794		18,900		18,361		17,244			13,318		12,450			12,048
Severance and restructuring		170		321		682		3,413			17		—			1,177
Operating expenses	$	115,043	$	108,485	$	104,639	$	102,454		$	89,745	$	86,586		$	85,903
Capital expenditures	$	4,424	$	4,595	$	5,152	$	6,819		$	5,086	$	3,525		$	4,528

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

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

	12/31/06		9/30/07
			(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	66,507	$	63,532
Accounts receivable, net		26,364		27,683
Prepaid expenses and other		12,294		8,147
Deferred income tax assets		18,399		13,799
Total current assets		123,564		113,161
Property and equipment, net		91,562		76,030
Goodwill		159,438		188,170
Intangible assets, net		26,339		19,281
Deferred income tax assets		180,244		148,396
Other assets		7,067		7,280
Total assets	$	588,214	$	552,318
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued liabilities	$	63,979	$	51,980
Distributions payable		435		127
Customer deposits		2,250		1,750
Deferred revenue		16,194		13,392
Total current liabilities		82,858		67,249
Other long-term liabilities		29,384		47,287
Total liabilities		112,242		114,536
Stockholders’ equity:
Preferred stock		—		—
Common stock		3		3
Additional paid-in capital		475,969		432,837
Retained earnings		—		4,942
Total stockholders’ equity		475,972		437,782
Total liabilities and stockholders’ equity	$	588,214	$	552,318

(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 nine months ended
	9/30/06			9/30/07
Cash flows from operating activities:
Net income	$	31,876		$	46,298
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion		56,055			37,816
Deferred income tax expense		12,836			24,231
Amortization of stock based compensation		2,133			1,155
Provisions for doubtful accounts and service credits		12,640			7,238
Non-cash tax accrual adjustments		(2,385	)		(6,130	)
Loss/(Gain) on disposals of property and equipment		389			(92	)
Changes in assets and liabilities:
Accounts receivable		(4,690	)		(8,557	)
Prepaid expenses and other		2,247			3,341
Intangibles and other long-term assets		360			(212	)
Accounts payable and accrued liabilities		(1,692	)		(9,320	)
Customer deposits and deferred revenue		(2,166	)		(3,302	)
Other long-term liabilities		7,309			(1,927	)
Net cash provided by operating activities	$	114,912		$	90,539
Cash flows from investing activities:
Purchases of property and equipment		(14,171	)		(13,139	)
Proceeds from disposals of property and equipment		115			155
Receipts from long-term notes receivable		1,707			—
Net cash used in investing activities	$	(12,349	)	$	(12,984	)
Cash flows from financing activities:
Repayment of long-term debt		(13	)		—
Cash distributions to stockholders		(81,396	)		(80,530	)
Net cash used in financing activities	$	(81,409	)	$	(80,530	)
Net increase (decrease) in cash and cash equivalents		21,154			(2,975	)
Cash and cash equivalents, beginning of period		37,547			66,507
Cash and cash equivalents, end of period	$	58,701		$	63,532
Supplemental disclosure:
Interest paid	$	34		$	11
Income taxes paid (state and local)	$	380		$	404

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