May 23, 2006

RigNet Ranked As One Of Houston's Fastest-Growing Companies

HOUSTON, TX - May 23, 2006 - RigNet, Inc., a leading global provider of managed communication services for the upstream oil and gas industry, announced today that it has been ranked as the fourth fastest-growing company in the Houston Small Business 100. The fastest growing companies in the Houston Small Business 100 are ranked by the greatest percentage of revenue growth.

"It is indeed an honor to be ranked in the Houston Small Business 100," said Omar Kulbrandstad, chief executive officer of RigNet, Inc. "We have experienced tremendous worldwide growth during the past year. I can certainly attribute our success to the hard work of the entire RigNet team globally in meeting the needs of our customers."

To qualify for the Houston Small Business 100, companies must be headquartered within the eight-county Houston metropolitan area, have a maximum of $75 million in revenue and have been doing business for a minimum of five years. The Houston Small Business 100 is ranked by 2005 gross revenue.

"Comerica Bank is proud to return as the presenting sponsor of the Houston Small Business 100," said Tim Klitch, president of the Austin region for Comerica Bank, and managing director of the bank's Technology & Life Sciences Division for Texas. "This event gives us and our friends in the Houston community an opportunity to recognize the accomplishments of RigNet and their winning strategy for growth, as well as other fast-growing companies."

Addressing the communications challenges faced by oil and gas companies today in remote locations, RigNet uses the leading satellite and networking technologies to provide a high-quality solution for broadband data, voice and video communications as well as real-time data management. RigNet installs, manages and supports communication systems without requiring its customers to invest in and manage expensive telecommunications equipment, enabling them to redirect valuable resources to their core business. RigNet real-time data management acquires, distributes and manages real-time and historical well site data.

About RigNet, Inc.

RigNet, Inc. is a leading provider of managed communication services exclusively to the upstream oil and gas industry. The Company holds the prestigious Cisco Powered Network designation, meeting the most stringent standards for network reliability and performance. RigNet has worldwide installations throughout 20 countries and 5 continents, spanning the global offshore drilling and production industry. Based in Houston, Texas, RigNet has offices in Louisiana, Singapore, Malaysia, UK, Norway, Nigeria, Qatar, UAE and Saudi Arabia. For more information, please visit www.rig.net.