SOURCE: Norsat International Inc.

May 31, 2007 05:00 ET

Norsat Emerges Debt Free

VANCOUVER, BC--(Marketwire - May 31, 2007) - Norsat International Inc. (TSX: NII) (OTCBB: NSATF), a leading provider of intelligent satellite solutions, made the final payment on its US $1,028,227 short term debt yesterday. This marks the first time since 1983 that the company has been debt free.

"This is a significant milestone in the company's renewal efforts. The pay down clearly demonstrates our resolve to strengthen our financial foundation on a compressed schedule," said Dr. Amiee Chan, president and CEO, Norsat International Inc.

About Norsat International Inc.

Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. Additional information is available at www.norsat.com. Further information is available through email at investor@norsat.com or by phone, 1-604-821-2808.

Contact Information

  • Norsat International Inc. Contact:
    Dr. Amiee Chan
    +1 (604) 821-2808
    Email Contact