July 14, 1999

Trading Symbol VSE: CCB
US SEC Exemption No. 82-3378

RICHMOND, BC-Mr. James L. Swanson, Chairman of CON-SPACE COMMUNICATIONS LTD., (VSE:CCB) announced today another record setting year. Total sales for the fiscal year 1999, ended June 30th, were $2,620,000 a 34% increase over the 1998 sales.

"We are very pleased with our continued growth throughout North America and around the world," said Swanson, adding, "our acceptance by the market substantiates the solid company we are building." CON-SPACE, with its head office in Richmond, BC, Canada and subsidiaries in the United States and England, started business in 1992. Since then, the company has earned the reputation as 'the world's leading manufacturer and supplier of specialized voice communication equipment' for use in confined spaces and other hazardous work situations including rescue operations.

This young Canadian company's products are used in many parts of the world by major airlines, general industry, rescue teams, municipalities, fire departments, militaries, and government agencies. As well, CON-SPACE builds "Private Labeled" products for other manufacturers.

The fourth quarter of 1999, ended June 30th, also closed with a new sales record for the company with sales of $784,000, a 36.6% increase over the $574,000 for the same quarter a year earlier. Complete annual financial results will be released in late August or early September when the corporate auditors have finished their analysis.

"We are definitely seeing the results of our efforts," said Terence A. Ibbetson, company President, "and expect this growth rate to continue long into the future."

The CON-SPACE web site,, has a complete listing of products, an overview of the "Confined Space Industry", financial data, plus many other interesting items relating to the company's business and its continued success.

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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