C-COM Posts Record Sales and Financial results in Second Quarter

Revenues increased by 181.2% to $6,418,874 compared with results from the same period last year, when total earnings were $2,282,502. The company is reporting a net profit of $1,273,395, or 3.7 cent per share, compared with results for the same period last year when there was a net profit of $638,960, or 1.9 cent per share.

The earnings

"The earnings and the corresponding operating profit generated this quarter are the largest ever reported in the company's history" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc. "To a large extent this is as a result of the multiple hundreds of iNetVu® mobile system sales into Japan to deliver life saving satellite backhaul for cellular communications to the tsunami effected region of the country. In general we have seen an upsurge of orders in the first half of this year, both from existing as then as new clients from around the world, indicating world wide acceptance and continuous demand for our iNetVu® mobile products."

The C-COM iNetVu® mobile proprietary antennas, and services associated with these products, are used in mobile applications by corporations, government agencies, the military, law enforcement agencies, homeland security, utility vehicles, oil and gas platforms, police, fire, medical and other security and emergency services with a need for affordable mobile 2-way high-speed Internet over Satellite connectivity.

C-COM Satellite Systems Inc. is a leader in the development and deployment of commercial grade mobile satellite-based innovation for the delivery of two-way high-speed Internet, VoIP (Voice over Internet Protocol) and Video services into vehicles. C-COM has developed a in a class by itself proprietary Mobile auto-deploying antenna that allows the delivery of high-speed satellite based Internet services into vehicles during stationary virtually anywhere where one can drive. The iNetVu® Mobile antennas have as well been adapted to be airline checkable and easily transportable. The company's satellite-based products and services deliver high-quality, cost-effective solutions for both fixed and mobile applications throughout the world. More information is available at: www.c-comsat.com

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