Hemisphere GPS Inc. announces normal course issuer bid



    CALGARY, Sept. 10 /CNW/ - (TSX: HEM) Hemisphere GPS Inc. ("Hemisphere")
announced today that the Toronto Stock Exchange has accepted its Notice to
Make a Normal Course Issuer Bid (the "Bid") to purchase, from time to time, as
it considers advisable, up to 2,822,204 of its 56,444,076 issued and
outstanding common shares as of September 10, 2008 (being no greater than 5%
of the issued and outstanding common shares) on the open market through the
facilities of the Toronto Stock Exchange. The price that Hemisphere will pay
for any shares purchased by it will be the prevailing market price of such
shares on the Toronto Stock Exchange at the time of such purchase. Common
shares acquired under the Bid will be cancelled.
    The Bid will commence on September 12, 2008 and will terminate on
September 11, 2009 or such earlier time as the Bid is completed or terminated
at the option of Hemisphere. Daily purchases will be limited to 72,175 common
shares, other than block purchase exceptions.
    Hemisphere believes that the acquisition of its common shares represents
an appropriate use of funds as the market price of its common shares
represents a discount to the fair value of such shares. The purchase of common
shares will increase the proportionate interest of, and be advantageous to,
all remaining shareholders. In addition, the purchases by Hemisphere may
increase liquidity to Hemisphere's shareholders wishing to sell their common
shares.

    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, 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., (416) 657-2400, CPala@evestor.com

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