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Gold/Mining/Energy : Offshore Systems International (TSE - OSI) -- Ignore unavailable to you. Want to Upgrade?

To: Aykay who wrote (435)	2/2/2000 9:47:00 AM
From: Dan Hamilton	Read Replies (1) \| Respond to of 490

OSI will now only be listed on the TSE. Not a big deal, but I'm not sure it does much to improve the stock's poor liquidity...I never really paid attention to how much traded on the junior exchange. Offshore Systems International announces shares will be de-listed from the Canadian Venture Exchange, effective January 31, 2000 12:46 EST Tuesday, February 1, 2000 NORTH VANCOUVER, BC, Jan. 31 /CNW/ - Offshore Systems International Ltd. Trading Symbol: OSI John Jacobson, President and CEO of Offshore Systems International Ltd. (the "Company') announced today that the Company's shares, which are currently listed for trading on both Toronto Stock Exchange and Canadian Venture Exchange (the merged Alberta and Vancouver Stock Exchanges), will be de-listed from trading on the Canadian Venture Exchange effective January 31, 2000. The Company will continue to be listed for trading on the Toronto Stock Exchange. The Company, along with other inter-listed companies, is being de-listed from the Canadian Venture Exchange as a result of a new stock exchange policy that prohibits companies from being listed for trading on both the Toronto Stock Exchange and the Canadian Venture Exchange. While the Company would prefer to remain inter-listed on both exchanges in recognition of the Company's roots, the Company believes that it is in the best interest of the shareholders to choose to retain the TSE listing because of the TSE's position as the pre-eminent Stock Exchange in Canada. Offshore Systems International Ltd.'s TSE Symbol is "OSI". Offshore designs, develops and markets the ECPINS(R) (Electronic Chart Precise Integrated Navigation System) line of electronic chart navigation systems. Worldwide, the technology has been hailed as the most significant advance in marine navigation since the advent of radar over 50 years ago. On Behalf of the Board of Directors of OFFSHORE SYSTEMS INTERNATIONAL LTD. Signed "John A. Jacobson' --------------------------- John A. Jacobson President & Chief Executive Officer.