Janyary 5, 2001

Trading Symbol CDNX: CCB
US SEC Exemption No. 82-3378

RICHMOND, BC - Mr. Terry Ibbetson, President of CON-SPACE Communications Ltd., (CDNX:CCB), announced to shareholders and other users of the Company's previously filed financial statements that future statements will reflect an expanded disclosure format and include more comprehensive comment by Management on current quarter and year to date events and transactions.

The new format will be used for all future financial statements starting with the report for the second quarter, which ended December 31, 2000. The change will keep shareholders and other interested parties better informed and provide them with a clearer picture of the Company's operations.

CON-SPACE is recognized worldwide as the leading manufacturer of special voice communication equipment for people who work in Confined Spaces and other hazardous areas. Equipment made by CON-SPACE is presently used in many countries throughout the world by government agencies, municipalities, fire departments, law enforcement, rescue teams and general industry. Their equipment is also used by military organizations worldwide.

The Company is an ISO-9001 Registered Company and has its head office in Richmond, BC, Canada.

For more information, please call Jim Swanson, Investor Relations, CON-SPACE COMMUNICATIONS LTD., (604) 244-9323, (800) 755-2528 in the U.S., or by e-mail [email protected]. "Forward-looking" statements in this release involve risks and uncertainties associated with, among others, economic, industry conditions, technological development, and competition and should not be relied upon as actual results may differ materially from those projected.

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