Optimal Geomatics Inc.

Optimal Geomatics Inc.

June 06, 2006 09:00 ET

Optimal Geomatics Ranks 50th in Profit 100 List; the 18th Annual PROFIT 100 Ranking of Canada's Fastest-Growing Companies List

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2006) - Optimal Geomatics Inc. (TSX VENTURE:OPG) ("Optimal"), a geomatics service and software provider to the power line and pipeline utility sector, is pleased to announce that it has been ranked #50 in the 18th annual PROFIT 100 ranking of Canada's Fastest-Growing Companies list announced on Monday, June 5, 2006.

The PROFIT 100 profiles Canada's most successful high-growth companies based upon a five-year revenue growth model. Optimal achieved a 1,146% growth over the five year period commencing in 2000. Results of PROFIT's authoritative ranking have been published in the June issue of PROFIT and are also available online at www.PROFITguide.com. PROFIT 100 is Canada's largest annual celebration of entrepreneurial achievement.

"We are extremely pleased to be ranked #50 in the PROFIT 100 List and to be recognized as a leader among Canada's fastest-growing companies," commented Colum Caldwell, President & CEO of Optimal Geomatics Inc. "This achievement is attributed to our company's dedication to delivering high value to its customers and shareholders. To be ranked amongst such an exclusive peer group is a great honour for us and it is furthermore a wonderful acknowledgement of the company and its entire staff."

Optimal Geomatics specializes in providing highly accurate geomatics services and software to a customer-base which is primarily composed of Electric power line and Gas pipeline utilities. Geomatics is best described as the acquisition, storage, management, retrieval, manipulation, and distribution of spatial or geographically referenced data. Optimal employs a number of acquisition systems, including its proprietary technology, for aerial data acquisition, and applies innovative technology, techniques, and expertise for in-house processing. The Company's unique mapping products and services help utilities reduce cost, improve efficiency, and better-manage their assets by turning raw data into highly valuable geospatial information and engineering reports. Optimal's customers include many of the major utilities across the United States and the United Kingdom.

This document may contain forward-looking statements. These statements present management's expectations, beliefs, plans, and objectives regarding future events and conditions and, as such, involve inherent risks and uncertainties. Actual results could be significantly different from those projected.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this new release.

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