Intermap Technologies Corporation
TSX : IMP

Intermap Technologies Corporation

October 20, 2005 13:36 ET

Intermap Files Preliminary Short-Form Prospectus and Audited 2004 Statements in U.S. Currency

DENVER, COLORADO--(CCNMatthews - Oct. 20, 2005) - Intermap Technologies Corp. (TSX:IMP) reports that it has filed its preliminary short-form prospectus with SEDAR (System for Electronic Document Analysis and Retrieval) in both English and French. Intermap also filed audited 2004 financial statements which have been converted from Canadian dollars to U.S. dollars for consistency with the Company's current reporting policy.

The prospectus was filed in relation to a bought deal financing agreement with Canaccord Capital Corporation that was announced in a press release on October 14, 2005.

The documents can be viewed at www.sedar.com.

The Company has historically prepared its consolidated financial statements in Canadian dollars. As a result of the continued expansion of the Company's U.S. operations, a significant and growing U.S. customer base, and because the majority of its global revenue and assets are denominated in U.S. dollars, the Company elected to adopt the U.S. dollar as its reporting currency effective January 1, 2005.

About Intermap

Intermap is digitally remapping entire countries, building unprecedented national databases, called NEXTMap, of highly accurate digital topographic maps (including elevation). Customers purchase Intermap's high-quality, low-cost data to facilitate better decision-making for numerous commercial, governmental, military and consumer applications.

Demand for NEXTMap data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications network planning, aviation, simulation and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. The products are also used to add interactive intelligence to airborne and satellite images.

Headquartered in Denver, Colorado, Intermap employs more than 250 people worldwide, with offices in Calgary, Ottawa, Munich and Jakarta. Intermap is publicly traded on the TSX Toronto Stock Exchange under the symbol IMP. For more information, visit www.intermap.com.

Contact Information

  • E-vestor Communications Inc.
    Corbet Pala
    Investor Relations
    CANADA
    (416) 657-2400
    Email: cpala@evestor.com
    or
    Genesis Select Corporation
    Budd Zuckerman
    Investor Relations
    UNITED STATES
    (303) 415-0200
    Email: bzuckerman@genesisselect.com