The following two press releases have been posted to www.norsat.com.
Norsat Posts Q3 Financials; Announces US$ 3.1m Backlog
(Vancouver, Canada) November 15, 2006, 08:00EST – Norsat International Inc. (TSX – NII.TO; OTC BB – NSATF.OB) today reported third quarter sales of $3.1 million, gross margins of 23% and a net loss of $2.0 million. For the same period last year, the Company had reported sales of $4.7 million, gross margins of 55% and a net loss of $1.4 million.
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Norsat Files Restated FY 2005 Financials
(Vancouver, Canada) November 15th, 2006 - Norsat International Inc. (TSX – NII.TO; OTC BB – NSATF.OB) has filed audited Restated Consolidated Financial Statements for the year ended December 31, 2005, as a result of the recent review that took place in the middle of August 2006 (refer to the News Release dated August 18, 2006).
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