(Vancouver, Canada) May 31, 2007, 05:00 EST – Norsat International Inc. (TSX – NII.TO; OTC BB – NSATF.OB), a leading provider of intelligent satellite solutions, made the final payment on its US $1,028,227 short term debt yesterday. This marks the first time since 1983, that the company has been debt free.“This is a significant milestone in the company’s renewal efforts. The pay down clearly demonstrates our resolve to strengthen our financial foundation on a compressed schedule,” said Dr. Amiee Chan, president and CEO, Norsat International Inc.
About Norsat International Inc.
Norsat International Inc. designs, engineers and markets intelligent satellite solutions for high-speed data transmission. Additional information is available at www.norsat.com. Further information is available through email at investor@norsat.com or by phone, 1-604-821-2808.
# # #
Norsat International Inc. Contact:
Dr. Amiee Chan
+1 (604) 821-2808
achan@norsat.com
