OSI Geospatial Inc.
TSX : OSI
OTC Bulletin Board : OSIIF

OSI Geospatial Inc.

June 12, 2008 10:24 ET

OSI Geospatial Confirms Completion of SEC Inquiry

OTTAWA, CANADA--(Marketwire - June 12, 2008) - OSI Geospatial Inc. (TSX:OSI)(OTCBB:OSIIF) announced today that the United States Securities and Exchange Commission (SEC) has completed their inquiry pertaining to software revenue recognition.

OSI Geospatial has cooperated fully with the SEC throughout this process and the Company is pleased to report that there will be no impact on the Company's reported financial results.

About OSI Geospatial

OSI Geospatial Inc. delivers advanced geospatial systems and software that enable shared real-time situational awareness for military, safety and security applications. Our products and services enable our customers to integrate and visualize live data with any combination of sensor data, imagery, maps and charts. This capability provides our customers with enhanced operational performance, safety and security through shared real-time situational awareness. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The company is publicly traded on the Toronto Stock Exchange (OSI) and the Over the Counter Bulletin Board (OSIIF). For additional information please visit www.osigeospatial.com.

Copyright (C) 2008 OSI Geospatial Inc. and its affiliated or related companies. ECPINS and COP-IDS are registered trademarks of Offshore Systems Ltd., an OSI Geospatial company. IGEN and C3CORE are registered trademarks of CHI Systems Inc., an OSI Geospatial company. Other company brand, product and service names are for identification purposes only and may be either trademarks, service marks or registered trademarks of their respective owners. Data subject to change without notice.

Contact Information

  • OSI Geospatial Inc.
    Jane Hayward
    Investor Relations
    +1-613-287-8004 or +1-888-880-9797
    +1-613-287-0466 (FAX)
    invest@osigeospatial.com