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Offshore Systems International Retains Keane Securities as its Investment Banker
Vancouver, Canada - October 25, 2001 - Offshore Systems International Ltd. (TSE: OSI), a marine electronic navigation company with a strong defense niche, announced today that it has retained Keane Securities Co., Inc. of New York as its investment banker.
John Jacobson, President and Chief Executive Officer of Offshore Systems, said, "As part of our company's efforts to increase visibility in the U.S. investment community, we felt the timing is now appropriate to have a U.S. investment banker. And we believe a boutique firm like Keane Securities is most appropriate for us:"
"We look forward to providing investment-banking services and market-making support for Offshore Systems, which we view as a company with significant growth opportunities now emerging," said Charles F. ("Cap") Hansel, III, Managing Director-Equity Sales of Keane Securities."
Keane Securities Co., Inc.
Established in 1980, Keane is a member of The New York Stock Exchange and other principal exchanges. Keane's management has well over 100 years of cumulative experience on Wall Street. The firm's expertise includes trading, floor execution, syndicate, corporate finance and research.
Offshore Systems International Ltd.
Founded in 1977, Offshore Systems designs, develops and markets the proprietary ECPINS® (Electronic Chart Precise Integrated Navigation System) line of electronic chart navigation systems for ships. ECPINS® helps to reduce the risk of navigation related incidents by giving bridge crews a precise, real-time display of their position, course and speed, against a background of fixed obstacles and other navigational hazards. Offshore Systems has developed a strong market position in military navigation, and has ECPINS® systems deployed with the United States Coast Guard, the Canadian Navy, the Royal Danish Navy, and the United States Navy.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws including Section 27a of the Securities Act of 1933, as amended, and Section 21e of the Securities Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, OSI's analysis of opportunities in the acquisition and development of various project interests and other matters. These statements are made under the 'safe harbour' provisions of the Private Securities Litigation Reform Act of 1995 and, as such, involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Although Offshore Systems International believes the expectations reflected in such forward-look statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include the effects of general economic conditions, changing foreign exchange rates, actions by government authorities, uncertainties associated with contract negotiations, industry supply.
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Jane Hayward
Investor Relations |
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| Phone: (613) 287-0462 |
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| Toll-Free: (888) 880-9797 |
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