January 21, 2002
NEWS RELEASE NO. 02-001
Trading Symbol CDNX: CCB
US SEC Exemption No. 82-3378
RICHMOND, BC - Mr. Terence A. Ibbetson, President, CON-SPACE Communications Ltd., (CDNX:CCB) announced today the acquisition of manufacturing and world wide distribution rights for a new patented product called the "Vital Sound".
The "Vital Sound" is a unique device that allows emergency medical personnel (Doctors, Nurses, Paramedics, Military Medics) the ability to better detect faint lung and heart sounds in noisy environments (accident scenes, emergency rooms, battlefields, transport aircraft and vehicles, etc). CON-SPACE's product development team worked with the patent holder, Mr. Mark Parsons, of Vital Sound Inc., for over eight months to refine and finalize the design.
"The prototype 'Vital Sound Headset' has been in the field for two months and is already directly responsible for saving two lives," said Ibbetson, "and the response to the product by the Emergency Medical Community in Florida has been incredible!" CON-SPACE has secured the world wide manufacturing and distribution rights for the product.
Currently the Company is ramping up for full production. The new "Vital Sound" is expected to be introduced to the market place by the end of the first quarter of this year.
"We are very excited about this new
product," said Ibbetson, "all the market surveys have
indicated a great need and tremendous demand for such an item.
It is conceivable that every Hospital, Ambulance, Paramedic, Rescue
Squad, and Military Medical unit would have a 'Vital Sound Headset'
at their disposal. In fact, Mr. Parsons has already received substantial
orders based on just the prototype. This is truly one of those
"why didn't I think of it" products, it's simple, inexpensive
and has the power to save lives!"
CON-SPACE manufactures a wide range of voice communication equipment for people who work in hazardous areas or noisy environments. Its products consist of both Hardline and Two-way Radio Accessory equipment, which are used by militaries, government agencies, municipalities, fire departments, police units, rescue teams, and general industry throughout the world. The company also has a growing number of OEM clients who either "private label" CON-SPACE products or have products built specifically for them. This expanding OEM business is part of the company's long term growth strategy.
The Company's products were used in the
search for survivors during the aftermath of the September 11th
terrorist attacks on the World Trade Center in New York.
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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