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Norsat Emerges Debt Free.
M2 Presswire, May, 2007
M2 PRESSWIRE-31 May 2007-Norsat International Inc.: Norsat Emerges Debt Free(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:31052007 Vancouver, British Columbia CANADA - Norsat International Inc. (NII - TSX, NSATF - OTCBB), 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 ...
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