C-COM Reports Increase in Sales in its Second Quarter and Continued Profitability.OTTAWA -- C-COM C-COM Concurrent Complementary Operators Method Satellite Systems Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) today announced revenues of $1,323,460 for the quarter ending May 31st, 2005 and a Net Profit (exclusive of stock option expensing) of $52,892 or 0.16 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , compared with results from the same quarter last year, when total revenues were $1,246,253 and there was a net profit (less Option Expenses) of $43,795 or 0.14 cents per share. The company continues to improve its sales and it has delivered its second consecutive profitable quarter this year. The company is also now reporting a Net Income (excluding option expense) of $107,189 year to date compared to the same period last year when there was a Net Loss (excluding option expenses) of $2,221. For the two quarters ended May 31st, 2005 the company has increased sales by 12% achieving year to date sales for the two quarters ended May 31, 2005 of $2,494,816 compared with year to date sales for the two quarters ended May 31, 2004 of $2,226,034. "We expect to see further sales increases for the balance of the fiscal year and are working towards continued profitability. The company continues to remain debt free. The increased sales this quarter were the direct result of the wide acceptance and increased demand for the iNetVu Mobile platforms, which are becoming the platform of choice for satellite operators and resellers worldwide. In the forthcoming quarters we will see the iNetVu Mobile being adapted to work with a number of new satellite service providers and capable of delivering increased bandwidth. The continuous demand for higher Internet bandwidth connectivity, coupled with video and Voice over IP type solutions, will significantly increase the sales of these mobile products worldwide" said Leslie Klein, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of C-COM Satellite Systems Inc. The C-COM iNetVu Mobile proprietary antennas, and services associated with these products, are used in mobile applications by corporations, government agencies, law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). , homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , RV owners, mobile homes, construction trailers, utility vehicles, oil and gas platforms, police, fire and other security and emergency services emergency services Emergency care '…services …necessary to prevent death or serious impairment of health and, because of the danger to life or health, require the use of the most accessible hospital available and equipped to furnish those services' with a need for affordable mobile 2-way high-speed Internet over Satellite connectivity. 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 or other mobile structures. The C-COM developedproprietary Mobile self-pointing (iNetVu(TM)) Antenna System allows the delivery of high-speed satellite based Internet services into mobile environments, 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 are available in 4 different sizes, interface with a large number of readily available satellite modems and mount easily on top of vehicles or inside transportable platforms. The iNetVu Mobile uses a standard 12 Volt DC power source. It can be activated with a simple push of a button or with a click of the mouse, deploys automatically, locks on to the selected satellite in a few minutes and delivers 2 way broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a , VoIP and Video services virtually anywhere in the world. iNetVu(TM) is a registered trademark of C-COM Satellite Systems Inc. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. C-COM SATELLITE SYSTEMS INC. (TSX VENTURE:CMI) |
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