RICHMOND, British Columbia, Jan. 15, 2008 (PRIME NEWSWIRE) -- CON-SPACE Communications Ltd. (TSX-V:CCB) (http://www.con-space.com), a world leader in specialized voice communication products, technical search, surveillance and inspection systems, announced today that preliminary revenue numbers for the 2nd quarter, ended December 31, 2007, were approximately 61% ahead of the previous year's 2nd quarter.
"With the acquisition and relocation of Search Systems behind us our focus is on growing the existing business and opening new markets for this exciting line of products," said Mike Thirlwell, Company President. "We now have the opportunity to take full advantage of the synergies we saw between CON-SPACE and Search Systems prior to the acquisition."
Revenue for the 2nd quarter was approximately $2.55 million compared to $1.59 million for the same quarter a year ago giving an increase of 61% year over year. The 2nd quarter revenue also exceeded the Company's 2008 1st quarter results by $0.65 million giving a 37% increase.
These results bring the first half revenues to approximately $4.43 million, or 51% ahead of last year's first half.
Official second quarter results, including analysis and profitability, are expected to be filed and made available during the latter part of February.
About CON-SPACE
CON-SPACE Communications Ltd., and its subsidiary, Search Systems, Inc. are recognized as leading designers and manufacturers of specialized voice communication equipment, video/audio systems, technical search, surveillance and inspection systems. Their equipment is used throughout the world by police, fire, rescue, government agencies, militaries and municipalities as well as by general industry. CON-SPACE products are used in noisy environments, confined spaces, hazardous atmospheres, rescue applications and security situations.
CON-SPACE not only produces products under its CON-SPACE and Search Systems labels, but also supplies many other manufacturers with "Private Labeled" devices under its OEM (Other Equipment Manufacturers) program, which is extremely active.
The Company's headquarters, design and main manufacturing facilities for communication products are located in Richmond, BC, Canada, with further design and manufacturing in Bakersfield, CA. Other subsidiaries are located in Blaine, WA; Lincoln, NE; and Newark, England. The Company has independent distributors throughout North America, Great Britain, Europe, Australia, parts of Asia and South America and other countries around the world.
CON-SPACE and Search Systems' industry leadership recognition comes from their reputation as the suppliers of reliable high quality products.
This press release is available on the company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com and view the CON-SPACE Investor Contact & Information Centre. Alternatively, investors are asked to e-mail all questions and correspondence to CCB@Agoracom.com
"Forward-looking" statements in this release involve risks and uncertainties associated with, among others, economic, industry conditions, technological development, and competition and should not be relied upon as actual results may differ materially from those projected.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.