C-COM Satellite Systems Inc.
TSX VENTURE : CMI

C-COM Satellite Systems Inc.

October 12, 2005 09:30 ET

C-COM Reports 263 % Increase in Profitability in its Third Quarter

OTTAWA, ONTARIO--(CCNMatthews - Oct. 12, 2005) - C-COM Satellite Systems Inc. (TSX VENTURE:CMI) today announced revenues of $1,464,884 for the quarter ending August 31st, 2005 and a net income from operations of $85,699 or 0.28 cents per share, compared with results from the same quarter last year, when total revenues were $1,309,335 and there was a net income of $23,629 or 0.10 cents per share.

The company has delivered its third consecutive profitable quarter this year and it continues to improve its sales. Sales this quarter have increased by 11.9% over the same period last year.

For the three quarters ended August 31, 2005 the company has increased sales by 12.0% over the same period last year, achieving year to date sales of $3,959,700 compared with year to date sales for the three quarters ended August 31, 2004 of $3,535,369. Income from operations has increased to $109,888 year to date from a loss of $23,792 over the same period last year.

"We expect to see a further sale increases in our last quarter of the fiscal year and are looking forward to a profitable year. The company continues to remain debt free with a significantly increased cash position.

The increased sales this quarter were the direct result of the large worldwide demand and acceptance of the iNetVu Mobile platforms, which are becoming the platform of choice for satellite operators and resellers around the world. In the forthcoming quarters we will see a number of new iNetVu Mobile products released, which will be adapted to work with new satellite service providers and capable of delivering increased bandwidth for use with video and Voice over IP type services. These new products will contribute significantly to the sales of our mobile products" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.

About C-COM Satellite Systems, Inc.

C-COM Satellite Systems, Inc. is a leader in the development and deployment of mobile satellite-based technology for the delivery of two-way high-speed Internet services into vehicles. C-COM has developed a unique proprietary Mobile self-pointing (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 iNetVu Mobile units, which come in 4 different sizes and interface with a large number of readily available satellite modems mount easily on top of vehicles or inside transportable platforms. The iNetVu Mobile uses a standard 12 Volt DC car battery as a power source. It is activated with a simple click of the mouse, deploys automatically, locks on to the selected satellite in a few minutes and delivers 2 way broadband Internet access, VoIP and Video services anywhere in the world.

The company's satellite-based products and services deliver high-quality, cost-effective solutions for both fixed and mobile applications throughout Canada, the United States, the Caribbean, Europe, Australia, Mexico, Central America, Africa and the Middle East. 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.

Contact Information

  • C-COM Satellite Systems Inc.
    Investor Relations
    (613) 745-4110 ext. 4950
    (613) 745-7144 (FAX)
    lklein@c-comsat.com