CON-SPACE Completes Equity Financing



    TSX-Venture: Tier 1

    RICHMOND, BC, April 9 /CNW/ - CON-SPACE Communications Ltd. (the
"Company" or "CON-SPACE") (TSX-V: CCB), (http://www.con-space.com), today
announced that, further to its news release of April 3, 2009, it has closed
its private placement of 22,000,000 common shares at $0.05 each, for gross
proceeds of $1,100,000 (the "Offering"), to Turret Oy Ab ("Turret"), its
largest shareholder and secured lender. The common shares issued pursuant to
the Offering are subject to a statutory hold period of four months plus one
day from the date of completion of the Offering in accordance with applicable
securities legislation.
    The proceeds of the Offering will be used to settle and payout the
security held by the vendors of Search Systems Inc., to pay the overdue
quarterly interest payment that was due on March 31, 2009 pursuant to the
secured loan agreement with Turret and to repay Turret for two $50,000 bridge
loans, with the balance for general working capital and costs associated with
the financing and restructuring.
    Gordon Cook, the Company's President and CEO, said, "We are fortunate
that Turret has responded favourably to our request for additional financing.
This capital injection is expected to put the Company on firmer financial
ground and assist us in our endeavours to continue our operations
uninterrupted".

    About CON-SPACE

    CON-SPACE is recognized as a leading designer and manufacturer of
specialized voice communication equipment used by Police, Fire, Rescue,
Government Agencies, Militaries, Municipalities and general industry.
CON-SPACE has distribution throughout North America, Great Britain, Australia,
parts of Asia, South America, and Europe. CON-SPACE also supplies many other
manufacturers with private labeled products.

    
                                 DISCLAIMER
    

    This news release contains forward-looking statements which reflect
management's current expectations regarding the Company's objectives, plans,
goals, strategies, future growth, results of operations, performance and
business prospects and opportunities. These forward looking statements include
the Company's proposal to complete a restructuring plan and complete the
financing with Turret. There can be no assurance that all necessary conditions
will be met such that the private placement will be completed, or that such
completion will be sufficient for the Company's needs over any foreseeable
time horizon. These forward-looking statements are not guarantees, but only
predictions. Although the Company believes that these statements are based on
information and assumptions which are current, reasonable and complete, these
statements are necessarily subject to a number of factors that could cause
actual results to vary significantly from current expectations. These factors
and other risks and uncertainties are discussed in the Company's materials
filed with the Canadian securities regulatory authorities from time to time,
as identified in the Company's disclosure record on www.sedar.com. The
forward-looking statements included in this news release are made only as of
the date of this news release and the Company does not undertake to publicly
update these forward-looking statements to reflect new information, future
events or otherwise.

    
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    





For further information:

For further information: Gordon E. Cook, President and Chief Executive
Officer, CON-SPACE, Tel: (800) 755-2528 or invest@con-space.com

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CON-SPACE COMMUNICATIONS

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