[SatNews] COM DEV International (TSX:CDV) and exactEarth Ltd. announces that exactEarth has filed an amended and restated preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada (other than Quebec), and a preliminary prospectus with the securities regulatory authority in Quebec, in connection with a proposed initial public offering of its common shares (the "Offering").

exactEarth is jointly owned by COM DEV and Hisdesat Servicios Estrategicos S.A. (the "Selling Shareholders").  The Offering contemplates a treasury offering of common shares by exactEarth, and, if the over-allotment option granted to the underwriters is exercised, a secondary offering of common shares by the Selling Shareholders. The Offering is being made through a syndicate of underwriters led by Canaccord Genuity Corp. and including CIBC World Markets Inc., GMP Securities L.P., and Paradigm Capital Inc.

The amended and restated preliminary prospectus and the preliminary prospectus are still subject to completion or amendment. Copies of the amended and restated preliminary prospectus and the preliminary prospectus will be available on SEDAR at http://www.sedar.com/ or from the underwriters named in the amended and restated preliminary prospectus and the preliminary prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities until a receipt for the final prospectus has been issued. Completion of the Offering is subject to and conditional upon the receipt of all necessary approvals, including regulatory approvals.

The securities offered have not and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. State securities laws and may not be offered or sold, directly or indirectly, within the United States (as defined in Regulation S under the U.S. Securities Act) other than pursuant to an available exemption from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell or a solicitation of an offer to buy any such securities within the United States.