FOR IMMEDIATE DISTRIBUTION — OCTOBER 26, 2000
NORSAT APPROVED FOR NASDAQ NATIONAL MARKET LISTING
BURNABY, BRITISH COLUMBIA, CANADA — October 26, 2000 — Norsat International Inc. (TSE — NII; Nasdaq — NSATF), a components and systems solution provider for satellite broadband and VSAT networks, today announced that it has received approval from Nasdaq to list its common stock on the Nasdaq National Market. The shares will begin trading on the Nasdaq National Market on Monday, October 30, 2000 under the symbol NSAT. The Company’s common shares will continue to trade on the Toronto Stock Exchange (TSE) under the symbol NII.
“We look forward to the increased exposure that this listing will bring to Norsat and the greater liquidity it will bring to our stock,” said Robert H. Bucher, Norsat's President and CEO. “This is a significant milestone for the Company.”
About Norsat
Norsat International Inc. designs, engineers and distributes premium products for use in the satellite wireless communications industry. It has four principal operating units. Norsat Satellite Products is a supplier of satellite signal receivers, transmitters, and other ground station equipment and provides an after-market maintenance and repair service. Norsat Broadband Networks develops components and systems to the satellite broadband IP market. Norsat Narrowband Networks specializes in voice and data products and services for the Globalstar satellite constellation. The Company's Norsat America Inc. subsidiary operates a network of 14 branch offices across the U.S. and is a distributor of DIRECTV® satellite service to the direct-to-home (DTH) market and a DIRECTV® Master System
Operator (MSO) for the multiple dwelling unit (MDU) market. Norsat America also distributes DirecPC.
This document may contain certain forward-looking information and statements concerning the Company’s operations, performance and financial condition, including, in particular, the likelihood of the Company’s success in developing and expanding its business. These statements are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements.
norsat.com |
