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St. John's, NL, Canada, February 14, 2005--
Nautical Data International Inc. ("NDI") is very pleased to announce that the Canadian Hydrographic Services - Department of Fisheries and Oceans ("CHS") has restored NDI's access to CHS data and removed its notice of termination of its agreement with NDI from its website. CHS took these actions to comply with the court order issued on Thursday, February 10, 2005 by Justice Hall of the Supreme Court of Newfoundland and Labrador. The court order restrains CHS from breaching and/or terminating its contract with NDI. NDI is now in a position where it can continue its business as usual.
NDI takes this opportunity to thank all of its valued customers, boaters, dealers, distributors, value added licensees, suppliers, advisors, employees and other stakeholders for their continued support during a period of confusion.
Background
NDI has an ongoing contract with CHS (the "CHS Contract"). The CHS Contract gives NDI the sole worldwide right and license to use, and sublicense the use of, any data owned by Canada and maintained by CHS to produce data products and product updates, to integrate such products with other products and services and to distribute them directly to NDI's customers or through third party distributors and value added resellers.
CHS purported to terminate the CHS Contract effective February 4, 2005. NDI has not accepted the termination, and strongly believes that CHS had no basis to do so. As a result, on February 2, 2005, NDI filed a Notice of Intention to file a Proposal under the Bankruptcy and Insolvency Act. On February 10, 2005, the Supreme Court of Newfoundland and Labrador granted an Order restraining CHS from breaching and/or terminating the CHS Contract.
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The Company
NDI is the sole worldwide distributor of the official Canadian electronic navigation charts and other digital nautical information. A privately held Canadian company based in St. John's, Newfoundland and Labrador, NDI distributes its digital data products including the CHS certified digital charts under the brand DigitalOcean® for recreational boating, sports fishing, and commercial navigation purposes as well as for other non-navigation applications. In partnership with CHS since 1993, NDI has successfully developed a comprehensive digital cartography database comprised of thousands of nautical charts and other marine information covering navigable Canadian waters and coastal zones.
In the years since 1993, NDI has worked with CHS to develop, commercialize, and promote several digital hydrographic products for navigation and other uses, including raster charts for recreational boaters and vector charts for commercial shipping, and chart updating services for all market segments. These products and services are delivered in an open, transparent, and uniform manner in keeping with the mandate of CHS to serve the public good.
NDI has invested substantially in the development and commercialization of data products and services, and in creating the necessary information infrastructure and distribution network. NDI's distribution network consists of more than 75 dealers and value-added resellers, that spans across the country and abroad.
Contact: Renee Halliday, Office Manager
Nautical Data International, Inc.
100 New Gower Street, St. John's, NL A1C 6K3
email: rhalliday@digitalocean.ca
phone: (709) 576-0634 ext. 240
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