SOURCE: Norsat International Inc.

April 08, 2005 10:08 ET

Norsat Appoints George King to the Board of Directors

VANCOUVER, BC -- (MARKET WIRE) -- April 8, 2005 -- Norsat International Inc. (TSX: NII) (OTC BB: NSATF) announced today that Mr. George King has been appointed to the company's Board of Directors. An accomplished executive with twenty years of strategic, operating, finance and legal experience in the United States and Europe, Mr. King sits on a number of executive boards. He has served as a Section 16 Officer of a US public company, and as a Director or Trustee of five private companies and two universities.

Mr. King's distinguished corporate, entrepreneurial and professional career began in 1984 with the Wall Street law firm of Mudge Rose Guthrie Alexander & Ferdon and the global investment-banking firm of Credit Suisse First Boston. In 1995, he co-founded an investment-banking spin-off from CSFB (Cambridge Partners, LLC). From December 1996 to August 1999, he operated a corporate finance advisory firm. From 1997 to 1999, Mr. King served both as a board member and advisor to Universal Access, Inc., a telecommunications services company. From 1999 to 2002, Mr. King was an executive officer and Section 16 officer of Universal Access for its initial public offering and after its NASDAQ listing. In 2003, Mr. King co-founded a consulting company that has since evolved into Magenta netLogic, a US and UK-based telecommunications company.

Mr. King holds an A.B. (cum laude) from Colgate University and a J.D. from Fordham University School of Law, where he was Editor-in-Chief of the Fordham Urban Law Journal. He has served on the Board of Trustees of Wagner College in New York since 1991 and on the Board of Trustees and Foundation Board at Richmond University in London since 2003. Mr. King has been a member of British American Business, Inc., the transatlantic business organization, since 2003. He has also co-authored several guidebooks and articles on subjects as diverse as financing options for universities, securities law, disclosure documentation, continuous disclosure, federal tax provisions, and analysis of the impact of tax exempt financing on federal health care policies.

About Norsat International Inc.

Norsat International Inc. designs, engineers and markets satellite products for high-speed data transmission. For more than 25 years, Norsat has built a strong reputation in the field of satellite technology by providing its customers with innovative products and has now sold over 2.5 million products in 87 countries around the world. Norsat's latest innovation is the Norsat OmniLink™ line of portable satellite terminal products that provide rapidly deployable broadband satellite data and video connectivity in areas where traditional communications infrastructure is insufficient, damaged, or non-existent.

Forward-Looking Statements

Statements in this release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Norsat's public filings with securities regulatory authorities.

Contact Information

  • More Information Contact

    Cameron Hunter
    Norsat International Inc.
    President and CEO
    Phone: 604-292-9000
    Fax: 604-292-9011

    300 - 4401 Still Creek Drive
    Burnaby, British Columbia
    Canada V5C 6G9