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July 22, 1996
NEWS RELEASE NO. 96-017Richmond, B. C. -- Mr. James L. Swanson, Chairman of CON-SPACE COMMUNICATIONS LTD. (VSE:CCB), announced today preliminary sales results for the year ended June 30, 1996.
"The CON-SPACE fiscal year closed with sales in excess of $1,200,000, a 30% increase over last year's $930,000," said Swanson adding, "We have made substantial progress over the last twelve months and that is reflected in our sales growth."
CON-SPACE is the world leader in the development and marketing of specialized communication and alarm equipment used by industry, municipalities, rescue teams and the military when operating in confined work spaces, hazardous atmospheres, and explosive environments.
Over the last year, CON-SPACE products were accepted by numerous airlines, municipalities, fire departments, as well as the Canadian Airforce and the U. S. Navy as the equipment of choice.
Though it is too soon to receive earnings figures for the recent year end, CON-SPACE has now passed its break-even point and is expected from here on to be profitable.
"Numerous major contracts are being worked on and we expect a substantial increase in sales over the next fiscal year," concluded Swanson.
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