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