C-COM Satellite Sees Higher Revenues

C-COM Satellite Systems Inc., an Ottawa, Ontario-based supplier of satellite Internet technology, reported a 57 percent increase in fourth-quarter revenues from $484,146 in 2001 to $759,719 in 2002. Total revenues generated for fiscal year 2002 were $2.85 million, compared to $906,905 for fiscal 2001, an increase of more than 314 percent.

C-COM President and CEO Leslie Klein said the company’s customer base is increasing rapidly from month to month and its mobile platforms are expected to add new subscribers and revenues starting in the first quarter of this year.