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Re: fredugsi post# 54

Friday, 05/21/2010 12:49:20 PM

Friday, May 21, 2010 12:49:20 PM

Post# of 195
Geospatial Holdings Enters into Contract to Map Over Six Miles of Underground Pipelines for the University of Mississippi

Ole Miss to Manage Data on Geospatial's GeoUnderground Portal

http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=gsph

PITTSBURGH, May 21, 2010 (BUSINESS WIRE) -- Geospatial Holdings, Inc. (OTCBB: GSPH) announced today that it has entered into a contract with the University of Mississippi to provide utility mapping services to accurately map over six miles of underground pipeline and manage this data on Geospatial's proprietary GeoUnderground web-based GIS Portal. Work on this contract is scheduled to begin immediately.
Mark A. Smith, Geospatial's CEO stated, "This opportunity to work with Ole Miss is hopefully the beginning of a long and mutually beneficial relationship. We believe that this is a perfect example of Geospatial continuing to mature from a 'service provider' to a 'solutions provider' where Geospatial provides proprietary long-term system management solutions to our clients."

Mr. Smith went on to say, "Geospatial is working on a program to implement our Smart Infrastructure Initiative(TM) on college campuses globally."

About Geospatial Holdings, Inc.

Geospatial Holdings, Inc. utilizes proprietary technologies to determine the accurate location and position of underground pipelines, conduits and other underground infrastructure data allowing Geospatial to create accurate (3D) three-dimensional digital maps and models of all underground infrastructure. Our website is www.GeospatialHoldings.com.

GeoUnderground, the company's powerful (GIS) geographic information system database enables users to view and utilize this 3D pipeline mapping information securely from any desktop, laptop or PDA such as a Blackberry or an iPhone. GeoUnderground seamlessly integrates with all known technologies gathering above-ground geo-referenced digital information and all standard GIS databases.

Licensed users, for the first time, have available to them a suite of technologies allowing them to collect data and create highly accurate 3D maps and models of both above-ground and below-ground infrastructure and view and share this invaluable information in a secure manner with their peers and associates anywhere in the world through a conventional browser via the internet.

Geospatial provides proprietary data acquisition technologies which accurately locate and map underground and above ground infrastructure assets such as pipelines and surface features via its GeoUnderground web-based portal.