C-COM Reports Increase in Sales and Financial results in Fiscal 2010

"We have closed our fiscal 2010 with an increase in both sales and operating profits over the same period last year" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc. "Earnings have increased by 14.4% to $10,475,614 and we generated a net afterwards tax profit of $1,846,037 or 5 cents per share, representing an increase of 40.4% from last year when total earnings were $9,157,789 and there was a net afterwards tax profit of $1,315,068 or 4 cents per share."

The Company generated higher earnings while together reducing its cost of goods sold by 2.7% when compared to last year's results.

"The growth and profitability while fiscal year 2010 are largely attributable to the worldwide acceptance and corresponding increase in sales of our iNetVu® Mobile auto-deploying antenna systems, particularly to the oil and gas exploration sector worldwide. Our customer base for these products has been steadily increasing and continues to significantly contribute to our revenue growth" said Leslie Klein, President and CEO of C-COM Satellite System Inc.

C-COM is continuing to expand its worldwide reseller network for its proprietary iNetVu® Mobile innovation products and establishing new partnerships with companies interested in combining the capabilities of the iNetVu® with the products and services they offer.

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 unequalled 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