February 27, 2007 16:31 ET

Sangoma Technologies 2nd Quarter Results Show Annual Growth of 95% in Revenues and 194% in Net Income

2nd Quarter sales climb to $1,801,587 resulting in a net income of $504,575

TORONTO, ONTARIO--(CCNMatthews - Feb. 27, 2007) - Sangoma Technologies Corporation (TSX VENTURE:STC) (, a leading provider of connectivity hardware and software products for voice, WANs and Internet infrastructure, today released highlights of its unaudited results for the financial quarter ended December 31, 2006.

Q2 2006-2007 Q2 2005-2006 Increase

Sales $1.8 Million $0.92 Million 95%

Net income before
provision for income taxes $0.78 Million $0.26 Million 200%

Net earnings $0.5 Million $0.17 Million 194%

Net earnings per share: $0.018 $0.006 200%

Both sales and net earnings represent new all time records for the company.

The company finished the quarter ended December 31, 2006 with working capital of $4.02 million, compared to $2.83 million at June 30, 2006, an increase of 42%.

"The record-setting first quarter was surpassed in the second quarter as Sangoma continued to explore new markets and opportunities," says Sangoma Technologies President and CEO, David Mandelstam. "In addition, the second quarter saw a series of new initiatives put into place from which we expect to see a continuing growth trend."

About Sangoma Technologies Corporation

Founded in 1984, Sangoma Technologies Corporation is a leading provider of connectivity hardware and software products for VoIP, TDM voice, WANs and Internet infrastructure. The company develops and manufactures voice and data communication products including the industry-leading series of Advanced Flexible Telecommunications (AFT) PCI cards. Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC).

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

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