October 18, 2001
NEWS RELEASE NO. 01-018
Trading Symbol CDNX: CCB
US SEC Exemption No. 82-3378
RICHMOND, BC - Mr. James L. Swanson, Chairman of CON-SPACE Communications Ltd., (VSE:CCB) announced today that preliminary sales numbers for the Company's First Quarter of fiscal year 2002, ended September 30th 2001, show an increase in sales of 25.2% over the same quarter a year earlier.
Total sales for the First Quarter were approximately $750,000 compared to sales of $598,925 for the same Quarter a year earlier. A more in-depth report will be released as all numbers for the First Quarter are finalized.
"Sales have continued to grow despite
the general economic downturn", said Swanson, "and though
many orders were received as a result of the September 11th terrorist
attacks on New York and Washington the first Quarter increase
was more the result of a general increase in business."
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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