Tuesday, August 14, 2007
/Not for distribution to United States newswire services or dissemination in the United States/
DENVER - Intermap Technologies Corporation is pleased to announce it has issued an additional 683,097 class A common shares at a price of $6.00 per share pursuant to an over-allotment option (the "Over-Allotment Option") granted to Canaccord Capital Corporation, Orion Securities Inc., and Raymond James Ltd. (the "Underwriters"). The Over-Allotment Option was granted to the Underwriters in connection with the previously announced short form prospectus offering of 5,500,000 class A common shares closed July 12, 2007.
Application will be made for the 683,097 class A common shares to be admitted to trading on the AIM market of the London Stock Exchange. Trading in the same is expected to commence on 20 August 2007.
About Intermap Technologies
Intermap (TSX: IMP.TO, AIM: IMAP.L) enables customers to facilitate better decision-making and create applications for numerous commercial, governmental, military, and consumer products through the purchase of high quality and affordable elevation datasets. The Company is proactively remapping entire countries and building unprecedented national databases, called NEXTMap®, consisting of highly accurate digital topographic maps that include elevation data.
Demand for NEXTMap® data is growing as new commercial applications are emerging, including geographical information systems (GIS), engineering planning, transportation, automotive, navigation, flood, irrigation, environmental management and planning, telecommunications/wireless network planning, aviation, simulation, and 3D visualization. Internet applications include virtual tours, topographic maps and computer games. Datasets are also used to add interactive intelligence to airborne and satellite imagery.
Headquartered in Denver, Colorado, Intermap employs more than 500 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, and Prague. For more information, visit www.intermap.com.
Richard Mohr, Senior Vice President & Chief Financial Officer
Canada — Financial
Corbet Pala, Investor Relations
E-vestor Communications Inc.
United States — Financial
Budd Zuckerman, Investor Relations
Genesis Select Corporation
United Kingdom — AIM, Nominated Advisor
Canaccord Adams Limited
(+44) 207 050 6500
Intermap Reader Advisory
This news release contains certain forward-looking statements, which include certain assumptions with respect to the future business and operations of the Company. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. All such forward looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this