February 8, 2001
NEWS RELEASE NO. 01-005
Trading Symbol CDNX: CCB
US SEC Exemption No. 82-3378
RICHMOND, BC - Mr. James L. Swanson, Chairman, of CON-SPACE Communications Ltd., announced today it proposes to issue, upon regulatory approval, shares of the company to its employees as a settlement for services rendered. If approved these shares will be issued at the market discounted price of $0.25. The Company currently owes its employees a total of $23,000 and therefore proposes to issue 92,000 common shares.
CON-SPACE, with its head office and manufacturing
plant in Richmond, BC, is recognized worldwide as the leading
manufacturer of special voice communication equipment for people
who work in confined spaces or other hazardous jobs. Its equipment
is presently used by militaries, government agencies, municipalities,
fire departments, police units, rescue teams, and general industry
in many countries throughout the world.
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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