NEW YORK, Nov. 18, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Fundamental Research Corp. has made available an update on CON-SPACE Communications Ltd. (TSX-Venture Exchange:CCB), analyzing the company's Q1 results and information gathered at the annual general meeting.
The complete 9-page update report dated November 16, 2004, will be available free for a limited time at www.fundamentalresearchcorp.com.
Sales for the quarter ended September 30, 2004, set a first quarter record of $1.5 million, a 54.7% increase over the same period in the last fiscal year. The analyst, Othello Tuason, notes that margins and coverage ratios increased compared to historical averages also. However, the analyst will wait until there is evidence that the margin increases are more permanent before revising his estimates, which he leaves at $0.10 in earnings per share for FY2005.
The update also reports on information obtained by attending the company's AGM on November 10, 2004. The report lists the following sources of potential growth which CCB will focus on going forward: North American distribution, military and homeland security, international distribution, OEM distribution, and new products. New product initiatives include voice amplifiers for use in hospitals (22,000 hospitals in the U.S.) and non-intrinsically safe radio accessories for law enforcement. The analyst also notes that management announced at the AGM, "...its intention to accelerate revenue growth, outside of the organic plans, through strategic acquisitions."
Fundamental Research Corp. is a research provider to Investrend Research and a member of the FIRST Research Consortium (http://www.firstresearchconsortium.com) which sets the standards and ethics for independent research agreed to by all members of the association. A fee of less than $10,000 was provided to Fundamental by the company for research coverage.
The full report is available at: www.fundamentalresearchcorp.com and www.investrendresearch.com; on each report and press release, investors are advised to read disclosures carefully before trading in the equities of any company.
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