CON-SPACE Communications Ltd.
TSX VENTURE : CCB

CON-SPACE Communications Ltd.

January 30, 2008 09:38 ET

CON-SPACE Communications Ltd.: Issuance of Stock Options

RICHMOND, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - CON-SPACE Communications Ltd. (TSX VENTURE:CCB), (http://www.con-space.com), announced today that it has granted 200,000 Incentive Stock Options to an officer of the Company, subject to approval by the TSX Venture Exchange. Each option will represent the ability to purchase one Common Share of the Company at a purchase price of $0.35 per share. The options are exercisable on or before January 23, 2011. The average closing price of the Company's shares was $0.32 during the preceding ten day trading period.

About CON-SPACE

CON-SPACE is recognized worldwide as the leading designer and manufacturer of specialized voice communication equipment used by Police, Fire, Rescue, Government Agencies, Militaries, Municipalities and general industry. CON-SPACE has distribution throughout North America, Great Britain, Australia, parts of Asia, South America, and Europe. CON-SPACE also supplies many other manufacturers with private labeled products.

This press release is available on CON-SPACE's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com and view the CON-SPACE Investor Contact & Information Centre. Alternatively, investors are asked to e-mail all questions and correspondence to CCB@Agoracom.com

Further information is available on the Company's website, www.con-space.com.

DISCLAIMER

This news release contains forward-looking statements which reflect management's current expectations regarding the Company's objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. These factors and other risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time, as identified in the Company's disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.

SEC Exemption #82-3378

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information