Richmond, British Columbia CANADA, September 29, 2005 - Con-Space Communications Ltd. (TSX - VX: CCB), (www.con-space.com), recognized worldwide as the leading designer and manufacturer of specialized voice communication equipment used during 9/11 and the successful Pennsylvania Miners rescue, is pleased to announce that CON-SPACE executives, James L Swanson and Terence A Ibbetson have been selected as two of this year`s finalists for the Entrepreneur of the Year Award hosted by Ernst & Young.
The Ernst & Young Entrepreneur of the Year Pacific Region award ceremony is held annually (this year October 3rd) and is a black tie event where 26 other finalists will be in attendance. The winners of this Regional event will be going to Toronto for the Canada wide ceremony`s taking place in November 2005. Mr. Terence A Ibbetson, President and Mr. James L Swanson, Chairman are the original founders of CON-SPACE and will be at the ceremony where they have been nominated in the Manufacturing Category.
CON-SPACE Chairman, Jim Swanson, stated, ``We are extremely honoured to be selected, once again, as finalists for this prestigious award. It is considered a tremendous accomplishment to be selected by Ernst & Young as finalists in the Entrepreneur of the Year Awards.`` Swanson added, ``We have had a great year thus far and things are only looking better as there is no slowing down. CON-SPACE has been working hard behind the scenes and we couldn`t achieve this goal without saying thank you to all of our employees for the tremendous work they have done for us.``
It was just last week that it was announced by BUSINESS in VANCOUVER that CON-SPACE was the 36th fastest growing company in British Columbia and earlier this week that the Company announced pre-tax profits of $1.6 Million on annual sales of $7.1 Million.
This press release is available on the CON-SPACE IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/CON-SPACE. Alternatively, investors are asked to e-mail all questions and correspondence to CCB@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.
About CON-SPACE Communications Ltd. http://www.con-space.com
CON-SPACE was started in 1991 to develop unique communication equipment that would provide safety to workers, rescuers, police & military, products that were not available anywhere. The equipment it designs and manufactures is used during normal, hazardous and rescue operations by: general industry, municipalities, fire departments, police departments, rescue teams, state and federal government agencies, and military groups the world over. Examples are: Miami Water, New York Fire, San Diego Police, NASA, Coors, Procter & Gamble, Boeing, US Army, British Army, New Zealand Air Force, US Air Force, Canadian Customs, US Navy, Navy Seals, FBI, DEA, US Secret Service, & Air Force One.
The Company headquarters are located in Richmond, British Columbia. All product design and manufacturing take place at these premises. Other Company facilities are located in the United Kingdom and the United States. Further, the Company has distributors in: China, Japan, S. Korea, Taiwan, Indonesia, Australia, New Zealand, Brazil, Israel, Turkey, Greece, Italy, Spain, Ireland, and the United Kingdom. CON-SPACE is known worldwide for its quality equipment and expertise. It has been involved in aftermath of various earthquakes, building collapses, and man made disasters, including: the Oklahoma bombing, World Trade Center collapse and the rescue efforts regarding the trapped miners in Pennsylvania in July 2002 of which its products were the first to make communication with the trapped miners.
The market place addressed by CON-SPACE has enormous potential. In the US alone there are 4,800,000 dangerous confined spaces thorough out 37 different industries, plus 33,000 Fire Departments, 53,000 Water Departments, plus rescue, police, government agencies, and military, homeland security and domestic preparedness. Adding to these numbers there is Canada, Great Britain, the rest of Europe, Australia, New Zealand, etc. The world wide market potential is estimated to exceed $4 Billion for the kind of equipment CON-SPACE specializes in producing. Further, the Company manufactures ``Private Labeled`` products for a number of other equipment manufactures.
For more information, please contact:
James L. Swanson, Chairman,
CON-SPACE COMMUNICATIONS LTD.
Tel: (604) 244-9323, (800) 755-2528 in the U.S.
invest@con-space.com
505 - 5600 Parkwood Way Richmond,
BC, Canada V6V-2M2
Fax (604) 270-2138
Investor Relations
AGORA Investor Relations
http://www.agoracom.com/IR/CON-SPACE
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 following are registered trademarks of CON-SPACE Communications Ltd., CON-SPACE, Safety in Communication and the CON-SPACE logo.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
