C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc.

March 10, 2005 11:09 ET

C-COM Reports Increased Sales and Profit in Fiscal 2004


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: C-COM SATELLITE SYSTEMS INC.

TSX VENTURE SYMBOL: CMI

MARCH 10, 2005 - 11:09 ET

C-COM Reports Increased Sales and Profit in Fiscal 2004

OTTAWA, ONTARIO--(CCNMatthews - March 10, 2005) - C-COM Satellite
Systems Inc. (TSX VENTURE:CMI) today reported total revenues of
$4,902,751 for fiscal year ending November 2004 and a net operating
profit (non-inclusive of new Stock Option expense) of $129,677 or
$0.0043 per share compared with results from last year when total
revenues were $4,020,853 and there was a net operating loss of $96,753
or -$0.003 per share.

"In comparison to the last fiscal year, we managed to increase our
revenues by over 22%, reduced our net operating losses by $226,430,
increased our cash position by 280% and we continue to remain debt free.
C-COM's monthly airtime subscriber base has been steadily increasing,
and we expect this growth rate to continue in 2005.

Last year was our first full year in which the iNetVu Mobile 2-way
high-speed satellite-based Internet systems started shipping world wide
and contributed significantly to our revenue growth. These proprietary
products together with additional services which will be deployed in the
new fiscal year will differentiate C-COM from other satellite-based
Internet providers, and will significantly increase our capability to
generate additional revenues in 2005" said Leslie Klein, President and
CEO of C-COM Satellite System Inc.

C-COM is continuing to sign up resellers for its proprietary iNetVu
Mobile technology in North America, Europe, the Middle East, Africa,
Latin America, Russia and Australia.

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 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    C-COM Satellite Systems Inc.
    Investor Relations
    (613) 745-4110 ext. 4950
    (613) 745-1172 (FAX)
    lklein@c-comsat.com
    www.c-comsat.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.