OSI Buys Mapcon Mapping Consultants
Offshore Systems International Ltd. Consultants Inc. of Salt Lake City, Utah. with a solid position in the U.S. data production) market. US$50,000 in common shares of OSI at market price. a number of conditions, including the execution of a definitive agreement. transaction is expected to close within thirty days. shares by OSI to the Mapcon shareholders is subject to acceptance by the TSX. fast-growing U.S. market," said John Jacobson, OSI president and CEO. annually. ranks third highest for population growth rate in the United States. services. business unit," said Jacobson. relationship, having successfully partnered on several previous projects. said Jacobson. 22 per cent of OSI's revenue in fiscal 2004. governments, and engineering companies.
OSI to Acquire Defense Contracting Company
Offshore Systems International Ltd. acquire a United States defense contracting company. employee base. is a supplier of technology and services to the U.S. key defense prime contractors. acquisitions," said President and CEO, John Jacobson. "We also said the U.S. market was a key target. business. historically lower revenue variability than OSI's navigation business. This newest announcement closely follows the company's first U.S. Utah. the company's rapid growth. significant potential. immediately. regulatory approval.
OSI Secures Mapcon Mapping
Offshore Systems International Ltd. has been awarded mapping contracts totaling more than C$1.7 million in its fiscal fourth quarter ended November 30, 2005. This total includes the C$420,000 prime contract with Lake Havasu City Public Works Department announced on October 13, 2005. Mapcon creates and distributes geographical data products for federal, state, county, and city government customers around the world. OSI acquired Mapcon of Salt Lake City, Utah, in April 2005. Contracts awarded since the close of the Mapcon acquisition have totaled nearly C$3.5 million.
