SANGOMA TECHNOLOGIES CORPORATION
TSX VENTURE : STC

SANGOMA TECHNOLOGIES CORPORATION

May 17, 2006 16:31 ET

Sangoma Technologies Announces Record Third Quarter Sales and Net Income

TORONTO, ONTARIO--(CCNMatthews - May 17, 2006) -

Sales of $1,329,775 yield net income of $371,194 for the quarter ended March 31, 2006

Sangoma Technologies Corporation (TSX VENTURE:STC) (www.sangoma.com), a leading provider of connectivity hardware and software products for VoIP, TDM voice, WANs and Internet infrastructure, today released highlights of its unaudited results for the quarter ended March 31, 2006.

The Company reported sales for the quarter ended March 31, 2006 of $1,329,775 as compared to $1,069,843 for the quarter ended March 31, 2005, an increase of 24%. The quarter's sales represent an all-time record for the Company.

After taking into account current and future income taxes, the net income was $371,194 ($0.014 per share) as compared to $287,648 ($0.011 per share) for the quarter ended March 31, 2005, an increase of 29%. The quarter's net income also represents an all-time record for the Company.

Operating cash flow before changes in non-cash working capital was $523,149 in the quarter ended March 31, 2006 as compared to $514,414 in the quarter ended March 31, 2005. The Company's working capital balance was $2,452,040 at March 31, 2006 as compared to $1,791,957 on June 30, 2005.

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 (TSXV: STC - News).

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