News & Events

C-COM REPORTS INCREASED PROFITS IN ITS SECOND QUARTER

OTTAWA, July 30, 2010 – C-COM Satellite Systems Inc. (TSXV: CMI) the leading global provider of mobile auto-deploying satellite antenna systems, today announced financial results for its second quarter ending May 31, 2010.

Revenues have decreased by 29.5% to $2,282,502 compared with results from the same period last year, when total revenues were $3,238,414. The company is reporting a net profit of $638,960, or 1.9 cents per share an increase of 27.4% compared with results for the same period last year when there was a net profit of $501,432, or 1.5 cents per share. The income before income taxes increased 57.4% to $926,989 compared with results from the same period last year when income before income taxes was $588,971. The decrease in sales is a result of orders that were delayed and will be reported in the third quarter.

"This is the company’s 25^th consecutive profitable quarter. We continue to remain free of long term debt with a significant cash position. The company has recorded an accrual for future income tax payable, due to expected future earnings" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.

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, construction trailers, utility vehicles, oil and gas platforms, police, fire and other security and emergency services with a need for affordable mobile 2-way high-speed Internet over Satellite connectivity.

About C-COM Satellite Systems, Inc.

C-COM Satellite Systems Inc. is a leader in the development and deployment of mobile satellite-based technology for the delivery of two-way high-speed Internet services into vehicles and mobile structures. The C-COM developed proprietary auto-deploy (iNetVu^®) Antenna Systems deliver satellite broadband Internet services into mobile environments, while stationary; virtually anywhere where one can drive. The iNetVu^® Mobile antennas can also be deployed from flyaway and transportable platforms.

The iNetVu^® Mobile uses a standard 12 Volt DC power source. It can be activated with a simple push of a button or with a click of the mouse, deploys automatically, locks on to the selected satellite in a few minutes and delivers 2 way broadband Internet access, VoIP and Video services virtually anywhere in the world. For additional information please visit www.c-comsat.com

iNetVu^® is a registered trademark of C-COM Satellite Systems Inc.

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Forward Looking Statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. New orders anticipated by C-COM Satellite Systems Inc. may not be received and current orders may be cancelled. New products and services released may not gain market acceptance. Any of those events could have an effect on future performance and C-COM Satellite Systems Inc.’s ability to achieve the results mentioned above. These forward-looking statements are made as of the date hereof and C-COM Satellite Systems Inc. does not assume any obligation to update or revise them to reflect new events or circumstances.