CMI C Com Satellite Systems Inc

C-COM Satellite Systems Inc. (TSX VENTURE:CMI), a leading global provider of
mobile auto-deploying satellite antenna systems, today announced financial
results for its third quarter ending August 31, 2013.


The company is reporting a net profit of $353,978 or 1.0 cent per share compared
with results for the same period last year when there was a net profit of
$65,625, or 0.2 cents per share. The working capital of the company increased by
27% to $17,271,614 at August 31, 2013 compared to $13,577,437 at August 31,
2012.


Revenues increased by 25% when compared with results from the same period last
year, when total revenues were $2,463,351. The operating profit increased to
$488,804 compared with the same period last year when the operating profit was
$285,033.


For the nine months ended August 31, 2013 the company is reporting a net profit
of $2,228,279 or 6.4 cents per share compared with results for the same period
last year when there was a net profit of $891,536, or 2.6 cents per share.
Revenues increased by 40% for the nine months ended August 31, 2013 to
$11,798,977 when compared with results from the same period last year when total
revenues were $8,443,307. The operating profit increased to $2,940,837 for the
period ended August 31, 2013 compared with the same period last year when the
operating profit was $1,258,874.


"We are pleased with the third quarter results, which reaffirm strong customer
support across our entire product line. C-COM is one of the first mobile antenna
manufacturers that started delivering its next generation iNetVu(R) Ka-band
mobile antennas to customers in the US, Europe the Middle East and Africa. We
are the only company in the world to date with antenna approvals for this
technology from all of the major Ka satellite providers and we expect to remain
the market leader in this rapidly expanding sector.


"The company continues to be free of long term debt with a significant cash
position," said Leslie Klein, President and CEO of C-COM Satellite Systems Inc.


The C-COM board has approved a 25% increase in dividend payments which amounts
to 1.25 cents a share per quarter or 5 cents a share per annum. 


The payment of an eligible dividend in the amount of $0.0125 per common share
payable on November 13, 2013 to all shareholders of record as of October 30,
2013. Based on its closing price of $2.12 per share on October 15 2013, this
dividend would provide a yield of 2.36% on an annualized basis. This dividend is
part of the Company's ongoing practice of returning value to its shareholders
through

a quarterly dividend.

About C-COM Satellite Systems Inc.

C-COM Satellite Systems Inc. is a leader in the development and deployment of
commercial grade mobile satellite-based technology for the delivery of two-way
high-speed Internet, VoIP and Video services into vehicles. C-COM has developed
a unique proprietary Mobile auto-deploying (iNetVu(R)) antenna that allows the
delivery of high-speed satellite based Internet services into vehicles while
stationary virtually anywhere where one can drive. The iNetVu(R) Mobile antennas
have also 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 


iNetVu(R) is a registered trademark of C-COM Satellite Systems Inc. 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
C-COM Satellite Systems Inc.
Investor Relations
(613) 745-4110 ext. 4950
(613) 745-1172 (FAX)
lklein@c-comsat.com
www.c-comsat.com

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