Hemisphere GPS Announces Automated Employee Share Purchase and Disposition Plans



    CALGARY, June 30 /CNW/ - (TSX: HEM) Hemisphere GPS announces that it has
implemented a plan to assist employees in purchasing shares of the Company
through an Employee Share Purchase Plan ("ESPP") and that its Vice Chairman
has established an Automatic Securities Disposition Plan ("ASDP").
    The ESPP has been implemented as a component of the Company's
compensation program and assists employees of Hemisphere GPS to invest in its
common shares enabling them to increase ownership interest in the Company to
participate in the ongoing success of Hemisphere GPS, and further align their
interests with those of the Company's external shareholders. Under the ESPP,
employees can contribute to the ESPP each pay period. Hemisphere GPS makes a
matching contribution to the ESPP on behalf of each participating employee in
an amount equal to 50% of the employee's contribution during that pay period
up to 2% of the employee's gross salary, such contribution vesting after one
year. All contributions to the ESPP are invested in common shares which are
acquired on the public market by the administrative agent under the ESPP.
    Rick Heiniger, who is Vice Chairman of Hemisphere GPS, has entered into
an agreement with a third-party brokerage firm providing for an ASDP in
accordance with applicable securities laws. The ASDP provides for the
disposition of Hemisphere GPS common shares in a systematic manner based upon
predetermined criteria. Under the ASDP, Mr. Heiniger is not permitted to
exercise any further discretion or influence over how, when or whether the
sale of common stock under the ASDP will occur. The sales will occur from time
to time in accordance with the provisions of the ASDP, and will be under the
direction of the independent broker engaged by Mr. Heiniger. Mr. Heiniger has
authorized the brokerage to transact the sale of up to 390,000 shares before
December 31, 2008. This represents less than 1% of the outstanding Hemisphere
GPS shares and about 7% of Mr. Heiniger's total holdings of approximately
5.3 million shares.
    This ASDP was adopted in accordance with guidelines for ASDPs under
applicable Canadian securities laws and regulations. ASDPs established under
such laws and regulations permit insiders of a corporation to sell shares over
a pre-determined period of time, subject to predetermined volume and price
parameters. A plan can only be established at a time when the insider
participating in the plan is not in possession of material non-public
information. Once a plan is established, the insider retains no discretion
over sales under the plan.
    Mr. Heiniger has been a shareholder of Hemisphere GPS since 2005.
Subsequent to the sale of shares under the ASDP, Mr. Heiniger will remain as
the executive officer with the largest shareholding in Hemisphere GPS. His
investment in Hemisphere GPS will continue to comprise the majority of his
personal net worth. Mr. Heiniger indicated that his reasons for selling a
portion of his shares include asset diversification and estate planning
requirements. He reiterated his personal commitment to the Company and
confidence in the future of Hemisphere GPS and his holdings.
    Mr. Heiniger will continue to disclose publicly the sales under this plan
through insider reports filed on SEDI as required under Canadian securities
laws. Insiders participating in the ESPP will file an insider report on SEDI
reporting purchases under the ESPP in a calendar year within 90 days following
the end of such calendar year in accordance with Canadian securities laws.

    About Hemisphere GPS

    Hemisphere GPS designs and manufactures innovative, cost-effective GPS
products for positioning, guidance, and machine control applications in
Agriculture, marine and other markets. The Company holds numerous patents and
other intellectual property and owns leading brand names, including Outback
Guidance(R) and BEELINE(R), two of the leading brands in precision GPS for
Ground Agriculture. The Company is headquartered in Calgary, Alberta, with
major product development, sales, and marketing facilities in Arizona, Kansas,
Texas, and Australia. For more information about Hemisphere GPS, please go to
www.hemispheregps.com.

    The above disclosure contains certain forward-looking statements that
involve substantial known and unknown risks and uncertainties. These
forward-looking statements are subject to numerous risks and uncertainties,
certain of which are beyond Hemisphere GPS' control, including: the impact of
general economic conditions, industry conditions, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, stock market volatility and market
valuations of companies with respect to the announced transactions and the
final valuations thereof, and obtaining required approvals of regulatory
authorities. Hemisphere GPS' actual results, performance or achievement could
differ materially from those expressed in, or implied by these forward-looking
statements and, accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or occur, or if
any of them do so, what benefits, including the amount of proceed, that
Hemisphere GPS will derive there from.





For further information:

For further information: Cory Pala, Investor Relations, E.vestor
Communications Inc., Phone: (416) 657-2400, E-mail: CPala@evestor.com

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