C-COM Satellite Systems Inc.
TSX VENTURE : CMI

C-COM Satellite Systems Inc.

April 24, 2008 09:46 ET

C-COM Reports Increased Sales and Profits in its First Quarter

OTTAWA, ONTARIO--(Marketwire - April 24, 2008) - C-COM Satellite Systems Inc. (TSX VENTURE:CMI) the leading global provider of mobile auto-deploying satellite antenna systems, today announced financial results for its first quarter ending February 29, 2008.

"The first quarter revenues have increased slightly over the same period last year" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc. "Revenues for the first quarter increased by 5.3% to $1,541,626. The company is reporting net profits of $38,136, representing an increase of 20.7% or 0.1 cent per share, compared with results for the same period last year when total revenues were $1,463,547 and there was a net profit of $31,607, or 0.1 cent per share."

"While the sales of our fixed 2 way satellite based Internet services generated less revenue this quarter when compared to last year, we have recorded an increase of 26.7% in sales of our flagship iNetVu Mobile platforms, which are becoming the number one choice for many satellite service companies world wide.

This is the company's 16th consecutive profitable quarter. It continues to remain debt free with a significant cash position," said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.

The C-COM iNetVu Mobile proprietary antennas, and services associated with these products, are used in mobile applications by corporations, government agencies, law enforcement agencies, homeland security, RV owners, mobile homes, construction trailers, utility vehicles, oil and gas platforms, police, fire and other security and emergency services with a need for affordable mobile 2-way high-speed Internet over Satellite connectivity.

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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