C-COM Satellite Systems Inc.
TSX VENTURE : CMI

C-COM Satellite Systems Inc.

March 20, 2009 16:00 ET

C-COM Satellite Systems Announces Exercise of Stock Options by Chief Executive Officer During Fiscal Year 2008

OTTAWA, ONTARIO--(Marketwire - March 20, 2009) - C-COM Satellite Systems Inc. (TSX VENTURE:CMI) announced that during the fiscal year ended November 30, 2008 Leslie Klein, C-COM's Chief Executive Officer, exercised options to purchase a total of 990,000 common shares of C-COM, representing approximately 2.98% of the issued and outstanding shares of C-COM as of November 30, 2008.

Following such acquisitions Mr. Klein holds, directly or indirectly, or exercises control or direction over 11,456,430 common shares of C-COM representing approximately 34.52% of the issued and outstanding common shares. Mr. Klein also holds options to purchase an additional 1,541,667 common shares of the Issuer, which, if fully exercised as of the date hereof, would represent approximately 4.43% of the issued and outstanding common shares of the Issuer.

Mr. Klein intends to rely on this press release pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues - and the applicable Canadian securities legislation.

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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