OSI Geospatial to List on TSX Venture Exchange and Voluntarily Delist from Toronto Stock Exchange

OTTAWA, Feb. 24 /CNW/ - OSI Geospatial Inc. (TSX: OSI) ("OSI Geospatial") today announced that it will voluntarily delist its shares from the Toronto Stock Exchange ("TSX") and will commence trading on the TSX Venture Exchange (the "TSXV") effective at the opening of trading on February 28, 2011. The last day of trading on the TSX will be February 25, 2011. The Company will be classified as a Tier 1 Industrial Issuer on the TSXV, and its common shares will continue to trade under the symbol, "OSI" the Company's CUSIP number 67103T101 will also remain unchanged.

"It is the Board's view that transferring the Company's listing to the TSXV is beneficial to the Company and its shareholders," stated Ray Johnston, Chair of the Board of Directors of OSI Geospatial. "The Company meets all of the qualifications to list on Tier 1 of the TSXV, the exchange's premier tier reserved for its most advanced issuers, and believes that a listing on the less costly TSXV is appropriate given the Company's size, activities, market and financial model."

About OSI Geospatial
OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. For additional information please visit www.osigeospatial.com.

Forward-Looking Statements
This press release contains forward-looking statements and information which reflect the current view of OSI Geospatial with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and OSI Geospatial's actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect OSI Geospatial's financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.

Copyright © 2011 OSI Geospatial Inc. and its affiliated or related companies. ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company. iGEN is a registered trademark of CHI Systems Inc., an OSI Geospatial company. Other company brand, product and service names are for identification purposes only and may be either trademarks, service marks or registered trademarks of their respective owners. Data subject to change without notice.

SOURCE OSI Geospatial Inc.

For further information:

Jim Girard
Vice-President, Finance and Secretary
+1 778-373-4600 +1 888 880 9797
+1 778-373-0027 (FAX)

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OSI Geospatial Inc.

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