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OSI Geospatial Inc. Announces Board Changes
Friday, October 14, 2011Company Profile | Follow Company
Vancouver, BC, October 14, 2011--(T-Net)--OSI Geospatial Inc. (TSX Venture: OSI) announced the resignation of Mr. Prashant Pathak as Director of the Company.
OSI announced the appointment of Mr. Patrick A. Blott to the Board.
Mr. Blott founded Blott Asset Management L.L.C. in 2005 and serves as its Managing Partner. Since 1992, Mr. Blott has led investments to support growth and special situations companies, including defense contractors, systems and software providers, and other government regulated businesses. Mr. Blott was an original member of Borealis Capital Corporation (OMERS) in 2001 and has served as a senior investment professional at JP Morgan & Co, BMO, and Banc of America Securities. Mr. Blott is a graduate of Columbia Business School.
About OSI Geospatial
OSI Geospatial Inc. operates two distinct business units: Offshore Systems Ltd. (based in Vancouver, British Columbia), a world-leading naval fleet supplier of integrated navigation and tactical solutions; and CHI Systems, Inc. (based in Philadelphia, Pennsylvania), a leading-edge research, development, and systems integration supplier of technology solutions for defense, aerospace, health, and bioscience markets. OSI Geospatial systems and software are in use by military, government, and commercial customers around the world. The Company is publicly traded on the TSX Venture Exchange. For additional information please visit www.osigeospatial.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release may include forward-looking information within the meaning of applicable securities laws including information concerning the business and future results of OSI Geospatial. Any such forward-looking statements are subject to risks and uncertainties and OSI Geospatial's actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect OSI Geospatial's financial results are detailed in disclosure documents filed from time to time with the applicable Canadian securities regulatory authorities.
Data subject to change without notice.
For further information:
Jim Girard
Vice-President Finance
+1 778-373-4600
+1 888 880 9797
+1 778-373-0027 (FAX)
invest@osigeospatial.com
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