December 5, 2002
News Release 02-020
Trading Symbol TSX: CCB
US SEC Exemption No. 82-3378
RICHMOND, BC - Mr. Terence A. Ibbetson, President of CON-SPACE Communications Ltd., (TSX:CCB) today announced a new monthly sales record for the company.
"Our November sales broke the old monthly record, set in June 2002, by over $128,000," said Ibbetson, "and that is a 30% increase."
June 2002 sales were $425,000 while the month ending November 30, 2002 closed at $553,000. This also makes this year's second quarter which ends December 31, 2002 the Company's largest second quarter ever and there is another full month of sales to go before the quarter is over.
The rapid growth experienced by CON-SPACE during the past year is expected to continue into the future. The company's products are well known in the industrial, rescue and military markets worldwide, while its personnel are the experts in their field of special communication solutions for difficult and hazardous situations. The Company's reputation has gained strength through situations such as when the CON-SPACE Rescue Probe contributed to the successful rescue of nine miners in Pennsylvania in July of this year.
Over the past 10 years CON-SPACE has developed a strong market niche for its unique communication equipment across all market sectors and is now supplying the increased needs of both the Military and Rescue Communities. The company has also built a strong customer base that includes supplying its products to other manufacturers as "private labeled" items.
"The increasing demand for our products
is expected to translate into more sales months like November
as we progress into the future," concluded Ibbetson.
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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