COM DEV PROVIDES UPDATE ON SPECIAL COMMITTEE REVIEW
Cambridge, ON, May 9, 2008 - COM DEV International Ltd (TSX: CDV) ("COM DEV" or "the Company") today provided an update on the activities of the Special Committee established to review the Company's historical stock option granting practices (the "Special Committee").
The Special Committee's review and preparation of its report is proceeding. It is anticipated that the Special Committee's work will be completed and the board of the Company will have received and reviewed the report of the Special Committee, by June 12, 2008. The Company will provide an update on the status of the Special Committee's report on or before June 12, 2008.
About COM DEV
COM DEV International Ltd. (www.comdevintl.com) is a leading global designer and manufacturer of space hardware subsystems. With facilities in Canada, the United Kingdom and the United States, COM DEV manufactures advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.
| COM DEV Contacts: |
Media Contact:
Jeff Codispodi
The Equicom Group
Tel: 416-815-0700 ext. 261
Fax: 416-815-0080
jcodispodi@equicomgroup.com |
Analyst Contact:
Gary Calhoun
Chief Financial Officer
Tel: 519-622-2300 ext. 2826
Fax: 519-622-2158
gary.calhoun@comdev.ca |
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