OSI Geospatial to Postpone Release of 2009 Third Quarter Results to Thursday,
October 15th, 2009

OTTAWA, Oct. 13 /CNW Telbec/ - OSI Geospatial Inc (TSX: OSI) ("OSI" or the "Company") will now release its 2009 third fiscal quarter results at 4:05PM, Eastern Time (1:05PM Pacific Time) on October 15, 2009. The company will hold a conference call to discuss its financial results at 5:00 PM, Eastern Time (2:00 Pacific Time) the same day, October 15, 2009. The results were originally scheduled to be released today, October 13, 2009, at 4:05PM followed by a conference call at 5:00PM EDT. OSI is currently addressing ongoing business developments and requires a delay in the release of its third quarter results. OSI apologizes for any inconvenience caused by this change.

The call can be accessed in North America, toll-free, by dialing +1-800-319-4610 and internationally by dialing +1-604-638-5340. Please phone in 5-10 minutes prior to the start of the call and simply ask to join the call. The conference call will also be broadcast live over the Internet and under Upcoming Events on the company's investor site at http://www.osigeospatial.com/investors/default.htm.

In addition, a replay of the call will be available via telephone for seven business days, beginning approximately two hours after the call. To listen to the telephone replay, North American callers please dial +1-800-319-6413 and international callers please dial +1-604-638-9010. Enter access code 7826 followed by the No. key. A replay will also be available for three months at: http://www.osigeospatial.com/investors/news_and_events/presentations_and_webcasts.htm.

About OSI Geospatial

OSI Geospatial Inc. delivers advanced navigation and command and control systems that provide shared real-time situational awareness for military 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. The company is publicly traded on the Toronto Stock Exchange. For additional information please call Jane Hayward or visit www.osigeospatial.com.

Forward-Looking Statements

This press release contains forward-looking statements and information which reflect the current view of OSI Geospatial Inc ("OSI") with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and OSI'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's financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.

    The Toronto Stock Exchange has neither approved nor disapproved the form
    or content of this release.

Copyright (C) 2009 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, DC4S- Base, Commander & Assaulter and C3CORE are registered trademarks of CHI Systems Inc., an OSI Geospatial company. Other company brand, product and service names are for identification purposes only and August 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: For further information: Jane Hayward, Investor Relations, (613) 287-8004 or 1-888-880-9797, (613) 287-0466 (FAX), invest@osigeospatial.com

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