SOURCE: Norsat International Inc.

December 01, 2006 08:00 ET

Norsat Reaches Agreement With Former CEO

VANCOUVER, BC -- (MARKET WIRE) -- December 1, 2006 -- Norsat International Inc. (TSX: NII) (OTCBB: NSATF) has reached an agreement with Bill Coyne, the Company's former President and CEO, to settle all claims relating to a wrongful dismissal suit announced on October 17th, 2006.

Forward-Looking Statements

Statements in this news 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.

This information should be read in conjunction with the Company's unaudited interim consolidated financial statements and related notes included therein for the three and nine months ended September 30, 2006, and the restated audited consolidated financial statements, related notes included therein and Management Discussion and Analysis for the year ended December 31, 2005.

All the Company's financial statements are prepared in accordance with generally accepted accounting principles in Canada (Canadian GAAP). Additional information from the year ended December 31, 2005, and other information related to the Company, may be found on the company's website at www.norsat.com.

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 communications_investorrelations@Norsat.com or by phone, 1-604-821-2808.

Contact Information

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