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Geospatial Holdings Provides Revenue Guidance for 2010

October 26, 2009

PITTSBURGH (BUSINESS WIRE) -- Geospatial Holdings, Inc. announced that due in part to the visibility derived from potential long term contracts with major municipal and corporate clients the Company anticipates projected revenue for fiscal year 2010 of approximately $35 - $40 million.

Smith stated, “Geospatial is at an exciting inflection point as we change from a technology development company into a dominant provider of accurately geo-referenced 3D underground infrastructure data. We have passed a tipping point and believe strongly in our ability to accelerate our earnings and revenues going forward."


About Geospatial Holdings, Inc.
Geospatial Holdings, Inc. through its wholly-owned subsidiary Geospatial Mapping Systems, Inc., doing business as Geospatial Corporation, utilizes proprietary technologies to determine the accurate location and position of underground pipelines, conduits and other underground infrastructure data allowing Geospatial to create accurate three-dimensional (3D) digital maps and models of all underground infrastructure. Our website is
www.GeospatialCorporation.com. GeoUnderground, the company's powerful geographic information system (GIS) 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 belowground 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. Additional information can be found at the following link: www.geospatialcorporation.com/flashTutorial.html

www.geospatialcorporation.com