SANGOMA TECHNOLOGIES CORPORATION
TSX VENTURE : STC

SANGOMA TECHNOLOGIES CORPORATION

July 15, 2008 16:52 ET

Sangoma Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - July 15, 2008) -

Attention Business Editors:

Sangoma® Technologies Corporation (TSX VENTURE:STC), the premium provider of PC-based hardware and software for proprietary and open source networking and telephony solutions, today announced that its board of directors approved the issuance of 50,000 stock options on July 15, 2008 to each of Serge Forest, Director, and Dominic Lavoie and Frederic Dickey, senior officers of Paraxip Technologies Inc., under the terms of its stock option plan. The options were granted at an exercise price of $1.10 (which is the closing price of Sangoma's common shares on the TSX Venture Exchange on July 14, 2008) and will expire five years from the date of grant. The options will vest on the date that is three years from the date of grant.

About Sangoma Technologies Corporation

Sangoma Technologies Corporation is the premium provider of PC-based hardware and software for proprietary and open source data and telephony transport solutions. The company develops and manufactures the most scalable and reliable voice and Wide Area Network data cards in the industry, including the award-winning Advanced Flexible Telecommunications (AFT) product line. Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at: www.sangoma.com.

Sangoma is a registered trademark of Sangoma Technologies Corporation.


Contact Information

  • Sangoma Technologies Corporation
    Kathleen Reed
    Marketing Director
    (905) 474-1990 ext 115
    Email: kathleen@sangoma.com