SANGOMA TECHNOLOGIES CORPORATION
TSX VENTURE : STC

SANGOMA TECHNOLOGIES CORPORATION

May 19, 2010 17:00 ET

Sangoma Reports Third Quarter 2009-2010 Revenue Growth of 13%

Sales of $3.13 Million Result in Net Earnings of $0.42 Million

MARKHAM, ONTARIO--(Marketwire - May 19, 2010) - Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its unaudited financial results for the quarter ended March 31, 2010.

  Q3 2009–2010 Q3 2008–2009 Change
Sales $ 3.13 million $ 2.76 million +13 %
Gross profit $ 2.33 million $ 2.036 million +15 %
Net income before provision for taxes $ 0.69 million $ 1.07 million -35 %
Net income $ 0.42 million $ 0.70 million -40 %
EBITDA $ 1.02 million $ 1.23 million -17 %
Net earnings per share (fully diluted) $ 0.014 $ 0.022    

The net income comparison was again dominated by a foreign exchange expense/gain differential between the two comparative quarters.

Working capital was $9.01 million, 12% higher than at June 30, 2009. Total cash and equivalents was $7.14 million at the end of the quarter, as compared to $6.87 million at June 30, 2009.

About Sangoma Technologies Corporation

Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma's data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications.

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.

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

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