February 12, 1999
NEWS RELEASE NO. 99-003
Trading Symbol VSE: CCB
US SEC Exemption No. 82-3378
RICHMOND, BC - Mr. Terence A. Ibbetson, President, and Mr. James L. Swanson, Chairman, of CON-SPACE COMMUNICATIONS LTD., (VSE:CCB) today jointly announced that the Vancouver Stock Exchange has officially reclassified CON-SPACE to be an "ADVANCED" company.
"To be recognized by our peers in the Safety Industry as a leader in the confined space equipment market; makes us very proud," said Ibbetson. "But to have the Vancouver Stock Exchange recognize our achievements is like receiving an award." He continued, "We appreciate The VSE's confidence in our Company and will work hard to take CON-SPACE to even greater achievements."
CON-SPACE was incorporated in 1991, and listed as a public "Venture" company in June of 1992. Since that time the company has grown at an average annual rate of 32%. CON-SPACE now has over 1000 dealer and distributor outlets throughout North America, has opened subsidiaries in the United States and Great Britain, and has distributors in many other parts of the world. The company's products are currently used by major world airlines and Fortune 500 corporations, by municipalities, fire departments, rescue teams, government agencies and by the military.
"We are very proud of our company and the people in it," said Swanson, "they are the ones responsible for our success! Through their efforts we have established a reputation as 'The World Leader in Specialized Voice Communication Equipment.'"
CON-SPACE designs communication products for use in confined
spaces, (such as: tunnels, vats, sewers, storage tanks, etc.)
hazardous locations, high noise areas, and for potentially explosive
atmospheres. The company also manufactures products for other
manufacturing companies under a private label.
For more information, please call James L. Swanson, Chairman CON-SPACE COMMUNICATIONS LTD., (604) 244-9323, (800) 755-2528 in the U.S., or by e-mail [email protected]
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