September 4, 2002
NEWS RELEASE NO. 02-010
Trading Symbol CDNX: CCB
US SEC Exemption No. 82-3378
RICHMOND, BC - Mr. Terence A. Ibbetson, President, CON-SPACE Communications Ltd., (TSX:CCB) announced today that the Company received orders worth $1,022,000, during the month of August, all of which will ship during this fiscal year.
"While the British Army order contributed the lions share," said Ibbetson, "our regular August sales were significantly higher than forecasted as were orders received for products we build for other manufactures." The Company's sales of Private Labeled (OEM) equipment has grown considerably representing 20% of last year's total revenue.
Over the past 10 years CON-SPACE has developed a strong market niche for its communication equipment across all market sectors. The Company is therefore ready to supply the increased needs imposed on the Military and Rescue Communities in North America, the UK and other parts of the world, for training and equipping teams of First Responders to combat terrorist activities.
"To meet the demand, we will be supplying
products for Rescuers and the Military both under our own name
and under the names of other manufacturers (OEM's)," said
Ibbetson, "so we expect to see more months like August in
the not too distant future."
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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