October 18, 2005
News Release 05-026
TSX Venture Exchange: Tier 1
Trading Symbol TSX-V: CCB
US SEC Exemption No. 82-3378
ACUMEN CAPITAL PROVIDES RESEARCH REPORT ON CON-SPACE
Richmond, British Columbia, October 18, 2004 – Con-Space Communications Ltd. (CCB - TSX Venture), recognized worldwide as the leading designer and manufacturer of specialized voice communication equipment, is pleased to announce that Acumen Capital Finance Partners Ltd. has released a research report on CON-SPACE Communications. The full Acumen report is available at the link below.
http://www.con-space.com/Pop-Up%20Windows/acuvisor-10-12-05.pdf
CON-SPACE recently reported annual revenues of $7,090,848, an increase of 28.2% over 2004 and they are continually seeing year after year growth. CON-SPACE also reported net income of $1,598,750, an increase of 160% over 2004. The Company has an extremely strong balance sheet with zero long-term debt. With Earnings per Share (EPS) of $0.16, pre-tax and $0.11 after-tax CON-SPACE trades at approximately 7.5 times pre-tax earnings and 11 times post tax earnings. Marquis clients include the US Secret Service, Air Force One, US Navy Seals, NASA, British Army, New Zealand Air Force, FBI, DEA and Canada Customs, as well as, Coors, Boeing and Procter & Gamble.
Acumen Capital Partners' research group is committed to making sense of small cap markets for investors. Acumen's research professionals possess the technical background and expertise to assess a company's fundamentals and uncover hidden value for investors. The primary challenge for investors in today's markets is sorting through the abundance of market information. Acumen's research group evaluates investment opportunities by assessing company business models and technologies, investigating industry dynamics, determining the competitive landscape, and evaluating relevant financial and non-financial metrics. Acumen understands that the value of research is in its concise and timely disclosure and communication. Besides coverage of emerging oil and gas producers their in-house traditional research focus covers innovative and rapidly evolving growth companies.
It is the policy of CON-SPACE to always publicize any independent reports done on the Company regardless of the nature or result of the report. In this case the report has set a $1.90 12 month target price for the stock.
This press release is available on the company'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
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. The Company has distribution throughout North America, Great Britain, Australia, and parts of Asia, South America, and Europe. The Company also supplies many other manufacturers with Private Labeled products.
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For more information, please contact:
James L. Swanson, Chairman, CON-SPACE COMMUNICATIONS LTD.
Tel: (604) 244-9323, (800) 755-2528 in the U.S.
invest@con-space.com
505 - 5600 Parkwood Way
Richmond, BC, Canada V6V-2M2
Fax (604) 270-2138
Investor Relations
AGORA Investor Relations
http://www.agoracom.com
(Select "CON-SPACE")
CCB@agoracom.com
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