C-COM Satellite Systems Inc.
TSX VENTURE : CMI

C-COM Satellite Systems Inc.

October 19, 2007 16:30 ET

C-COM Files Amendment to Third Quarter Report

OTTAWA, ONTARIO--(Marketwire - Oct. 19, 2007) - C-COM Satellite Systems Inc. (TSX VENTURE:CMI) today announced that it has filed amended financial statements for the quarter ending August 31st, 2007. The quarterly financial statements released on October 16, 2007 contained an error in the reporting of segmented information in the notes to such statements. The revenues for the three months ended August 31, 2007 in the "Rest of the World" outside of Canada and the U.S.A. were $939,000 rather than $393,000 as originally reported in the financial statements for such quarter.

All other figures and information previously reported in the financial statements for the quarter ending August 31, 2007 were accurate, including the segmented information reported for the nine-months ended August 31, 2007.

Amended financial statements for the third quarter will be made available on www.SEDAR.com.

About C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc. is a leader in the development and deployment of commercial grade mobile satellite-based technology for the delivery of two-way high-speed Internet, VoIP and Video services into vehicles. C-COM has developed a unique proprietary Mobile auto-deploying (iNetVu™) antenna that allows the delivery of high-speed satellite based Internet services into vehicles while stationary virtually anywhere where one can drive. The iNetVu Mobile antenna has also been adapted to be deployable from transportable platforms. The company's satellite-based products and services deliver high-quality, cost-effective solutions for both fixed and mobile applications throughout the world. More information is available at: www.c-comsat.com

iNetVu™ is a registered trademark of C-COM Satellite Systems Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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