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Norsat Announces Retirement of Gaetano Manti From Board of Directors

Norsat International Inc. today announced the retirement of Mr. Gaetano Manti from the board of directors. Mr. Manti has indicated that he wishes to devote additional time and energy to both his European business interests and his family.

Mr. Manti, an Italian entrepreneur and president of a Milan-based conglomerate, joined the board in June 2002. He is credited with spearheading the launch of the company's flagship product line, the Norsat OmniLink(TM), while he served as Chairman of the Board between June 2002 and September 2003. Mr. Manti also served as the Chair of the Human Resources and Compensation Committee in 2003.

"As an investor, I feel very confident about the capability of the management team and the Board of Directors to lead Norsat towards a bright future of growth and success," said Mr. Manti.

"Gaetano has made an enormous contribution to the turnaround of Norsat. His counsel and astute advice, as well as his strong commitment and energy, will be greatly missed. It is a very different company from the one he joined in 2002," said Mr. Ken Crump, Norsat's Chairman of the Board.

The search for Mr. Manti's replacement is currently underway.

About Norsat International Inc.

Norsat International Inc. designs, engineers and markets satellite products for high-speed data transmission. For more than 25 years, Norsat has built a strong reputation in the field of satellite technology by providing its customers with innovative products and has now sold over 2.5 million products in 87 countries around the world. Norsat's latest innovation is the Norsat OmniLink(TM) line of portable satellite terminal products that provide rapidly deployable broadband satellite data and video connectivity in areas where traditional communications infrastructure is insufficient, damaged, or non-existent.

Forward-Looking Statements

Statements in this release relating to matters that are not historical fact are forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to general economic conditions, changes in technology, reliance on third party manufacturing, managing rapid growth, global sales risks, limited intellectual property protection and other risks and uncertainties described in Norsat's public filings with securities regulatory authorities.


Distributed by Filing Services Canada and retransmitted by Market Wire

Tags: ,Telecom:TelecommunicationEquipment, Telecom:TelecommunicationServices, Telecom:Cable and SatelliteServices, Telecom:Networking, Telecom:Wireless, ,BC,BURNABY, BC
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