Geospatial Corp. (GSPH)

[Pro-Life]

Geospatial Holdings Subsidiary Enters Into Technology License Agreement With George F. Young, Inc.

http://investor.geospatialcorporation.com/releasedetail.cfm?ReleaseID=511804

PITTSBURGH, PA, Sep 28, 2010 (MARKETWIRE via COMTEX News Network) -- Geospatial Holdings, Inc. (OTCBB: GSPH) is pleased to announce that its wholly-owned subsidiary Geospatial Mapping Systems, Inc. (Geospatial), has entered into a technology license agreement with George F. Young, Inc. (George F. Young) to utilize Geospatial's Smart Probe(TM) Pipeline Mapping Technologies for the practice of mapping pipelines and rendering 3-dimensional as-built drawings, throughout the Southeast region. Under the terms of the three-year agreement, George F. Young will have non-exclusive use of Geospatial's Smart Probe(TM) and GeoUnderground technologies throughout Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and the Caribbean Basin.

Greg Crawford, Senior Vice President of Utilities & Transportation Survey for George F. Young, stated, "Utilizing Geospatial's Smart Probe(TM) technologies gives us an opportunity to provide a new way of mapping underground utilities, which previously didn't exist. We are excited to offer this additional service to our clients."

"George F. Young's use of this technology in the Architecture, Civil Engineering, Environmental Engineering, Subsurface Utility Locating, Landscape Architecture, Planning, Surveying and Mapping, Hydrographic Surveying, GPS/GIS, Environmental/Ecological and Commercial Real Estate markets is in complete alignment with Geospatial's business model and markets. I am confident this will be a mutual and beneficial relationship for all of our clients and stakeholders," added Mark A. Smith, Geospatial's CEO.

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 or via a standard browser. 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. Our blog can be viewed at http://geospatialholdings.blogspot.com.

About George F. Young

George F. Young, Inc., a Florida based company, has provided continuous professional engineering and surveying throughout the central west coast of Florida since 1919. Over the past ninety-one (91) years the company has grown steadily to become a full service-consulting firm, with 102 full time employees staffing offices located in Gainesville, Lakewood Ranch, Orlando, Palm Beach Gardens, St. Petersburg, and Tampa, Florida.

George F. Young, Inc. provides professional Architecture, Civil Engineering, Environmental Engineering, Subsurface Utility Locating, Landscape Architecture, Planning, Surveying and Mapping, Hydrographic Surveying, GPS/GIS, Environmental/Ecological and Commercial Real Estate services throughout Florida and the Caribbean Basin. GFY utilizes cutting edge technology to provide its Clients superior results and cost benefits. Visit the website at: http://www.georgefyoung.com/.

Geospatial Holdings, Inc. Mark A. Smith - Chairman & CEO Voice: 724-353-3400 Email: [e-mail]

Contact:
Mark A. Smith
Chief Executive Officer
Geospatial Holdings, Inc.
Email Contact
724-353-3400


SOURCE: Geospatial Holdings, Inc.

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