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Standard & Poor's Initiates Coverage of Offshore Systems International
Vancouver, Canada -- Offshore Systems International Ltd. (OSI) (OTCBB: OFSYF, TSX: OSI) announced that Standard & Poor's has initiated research coverage of its stock.
In Standard & Poor's initial report, analyst Michael Infranco offers a business profile, an operational review, and a summary of financial and stock performance. The profile describes the company's new product line and recent contracts. The new product line, COP-IDS™, enables customers to integrate the company's mapping and imagery display technology into new and existing Command and Control (C2) systems. Significant contract wins for Offshore include a $1,000,000 land-mapping contract in the United States and the development of navigation systems for the Canadian Navy's submarines.
Standard & Poor's Stock Report on Offshore Systems International, along with future updates, will be available through S&P's extensive distribution channels, including popular financial portals such as Multex (www.multex.com), Yahoo Finance (finance.yahoo.com/), Bloomberg (www.bloomberg.com), CBS MarketWatch (cbs.marketwatch.com), and TheStreet.com (www.thestreet.com). The report will be distributed through two very large American investor groups: the National Association of Investors Corporation (NAIC) (www.better-investing.org) and the American Association of Individual Investors (www.aaii.com). The clients of North American brokerages and top online brokerages also have access to the report.
A copy of S&P's report is available directly from Offshore Systems International Ltd.
About Offshore Systems International Limited
Offshore Systems International Ltd. (OSI) provides precise electronic display systems and geo-spatial data for situational awareness. Founded in 1977, OSI maintains a position of technological leadership in its field, a record appreciated by military, government, and commercial customers around the world. OSI conducts its operations through two business units: Offshore Systems Ltd. provides systems for the dynamic display of geo-spatial data for mission-critical operations such as fleet navigation; and OSI Geomatics which provides analysis, production, and distribution of geo-spatial data for electronic display. OSI is listed on the Toronto Stock Exchange (TSX:OSI) and in the United States of America on the Over the Counter Bulletin Board (OTCBB:OFSYF).
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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