C-COM Reports Increased Sales and Profit in Fiscal 2005.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 reported total revenues of $6,001,802 for fiscal year ending November 2005 and a net profit of $450,375 or $0.015 per share compared with results from last year when total revenues were $4,902,751 and there was a net loss of $19,993 or $0.001 per share. Cash at November 30, 2005 was $1,987,050 as compared to $1,136,363 at November 30, 2004 representing a 75% increase in cash position. The Company had working capital of $2,088,899 at November 30, 2005 as compared to $1,397,993 at November 30, 2004 representing a 49% increase in working capital position. "In comparison to the last fiscal year, we managed to increase our revenues by over 22% and generated profits of $450,375. Our cash position has increased by 75% and we continue to remain debt free. C-COM's monthly airtime air·time n. 1. The time during which a radio or television station is broadcasting. Also called airspace. 2. The time at which a radio or television program is broadcast. subscriber base has been steadily increasing, and we expect this growth rate to continue in 2006. "The above growth and profitability is directly contributable to the increase in sales of our iNetVu Mobile auto-deploying antenna systems used for 2-way high-speed satellite-based Internet access See how to access the Internet. . 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 2006," 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 System Inc. C-COM is continuing to expand its world wide reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. 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 See broadband. , VoIP and Video services into vehicles. C-COM has developed a unique proprietary Mobile auto-deploying (iNetVu(TM)) 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(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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