March 12, 2014

C-COM Satellite Systems Inc. announced financial results for the fiscal year ended November 30, 2013.

Revenues have increased by 16.4% to $15,573,798 and the company generated a net after tax profit of $3,473,371 or 10 cents per share, representing an increase of 30.3% from last year, when total revenues were $13,385,324 and there was a net after tax profit of $2,665,491 or 8 cents per share.

C-COM recorded an income tax provision of $1,392,340 in fiscal 2013, versus $1,045,400 in fiscal 2012.

The working capital of the Company has increased by 19.3% to $18,308,905 at November 30, 2013 as compared to $15,344,103 at November 30, 2012. The Company paid $1,392,215 in dividends during fiscal 2013 compared to $507,601 in fiscal 2012 representing a 174.3% increase.

"The continued profitability during fiscal year 2013 is largely attributable to the acceptance of our iNetVu^® Mobile auto-deploying antenna systems, particularly to the telecom, military as well as to the oil and gas exploration sectors worldwide. We are also starting to see incremental growth from the success of our new generation Ka-band products. These products are expected to deliver increasing revenues to the company as more and more Ka-band satellites are launched around the world" said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.

C-COM continues to develop new products for new markets and is expanding its worldwide reseller network for its proprietary iNetVu^® Mobile antenna systems. It also continues to establish new partnerships with corporations around the world interested in combining the capabilities of the iNetVu^® antennas with the products and services they offer.