C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc.

March 29, 2007 13:33 ET

C-COM Reports Increased Revenues in Fiscal 2006

OTTAWA, ONTARIO--(CCNMatthews - March 29, 2007) - C-COM Satellite Systems Inc. (TSX VENTURE:CMI) today reported total revenues of $6,408,903 for fiscal year ending November 2006 and a net profit of $303,849 or $0.010 per share compared with results from last year when total revenues were $6,001,802 and there was a net profit of $450,375 or $0.015 per share.

The Company had working capital of $2,550,513 at November 30, 2006 as compared to $2,088,899 at November 30, 2005 representing a 22% increase in working capital position.

"In comparison to the last fiscal year, we managed to increase our revenues by 6.8% and generated profits of $303,849. This is the 11th consecutive profitable quarter for the company, which continues to remain debt free.

The above growth and profitability is directly attributable to the increase in sales of our iNetVu Mobile auto-deploying antenna systems used for 2-way high-speed satellite-based Internet access. Our customer base for these products has been steadily increasing worldwide and has significantly contributed to our revenue growth.

These proprietary antenna systems, combined with additional new products and services to be deployed in the new fiscal year, will differentiate C-COM from other satellite-based Internet technology providers and will significantly increase our capability to generate additional revenues in 2007" said Leslie Klein, President and CEO of C-COM Satellite System Inc.

C-COM is continuing to expand its world wide reseller network for its proprietary iNetVu Mobile technology products and establishing new partnerships with companies interested in combining the capabilities of the iNetVu with the products and services they offer.

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.

Contact Information