C-Com Reports 33.4% Increase in Sales in its Third Quarter and 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 $1,309,335 for the quarter ending August 31st, 2004 and an income from operations of $34,460 or 0.11 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 $981,754 and there was a net loss of $33,497 or 0.11 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 an income from operations of $14,391 year to date. The sales this quarter have increased by 33.4% over the same period last year. For the three quarters ended August 31, 2004 the company has increased sales by 28% achieving year to date sales for the three quarters ended August 31, 2004 of $3,535,369 compared with year to date sales for the three quarters ended August 31, 2003 of $2,746,345. "We expect to see further sales increases in our last quarter of the fiscal year and are working hard to continue to keep the company profitable going forward. The company continues to remain debt free with a significantly increased cash position. 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, which 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 See broadband. over Satellite connectivity. The C-COM developed iNetVu mobile antennas also deliver DirecTV Satellite reception simultaneously with Internet access to US customers, and Bell ExpressVu TV services for the Canadian mobile customers. 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(TM)) antenna that allows the delivery of high-speed satellite based Internet services into vehicles, while stationary, virtually anywhere where one can drive. 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 and the Middle East. 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. |
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