December 10, 2010 15:27 ET

Sangoma Technologies Corporation Announces Intention to Make a Normal Course Issuer Bid

MARKHAM, ONTARIO--(Marketwire - Dec. 10, 2010) - Sangoma Technologies Corporation ("Sangoma") (TSX VENTURE:STC) today announced that the TSX Venture Exchange (the "TSXV") has approved a notice of intention to make a normal course issuer bid which was filed by Sangoma with the TSXV. 

Pursuant to the terms of the bid, Sangoma will purchase its own common shares for cancellation through the facilities of the TSXV at the prevailing market price of the common shares. The number of common shares purchased by Sangoma will in no event be in excess of 5% of the issued and outstanding common shares at the date the bid commences, being 1,517,140 common shares of the 30,342,809 currently issued and outstanding common shares. Sangoma will effect purchases at varying times commencing on or after December 14, 2010 and continuing until no later than December 13, 2011. Sangoma believes that, from time to time, the market price of its common shares does not fully reflect the value of its business and its future prospects. As such, Sangoma believes that the repurchase of its common shares will, in the appropriate circumstance, provide an economically worthwhile investment for Sangoma and it is an appropriate and legitimate use of its available funds. The member and broker that will be conducting the normal course issuer bid is GMP Securities L.P.

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:

Forward-Looking Information

This press release contains "forward looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of this press release. Examples of such forward looking information in this press release include, but are not limited to factors relating to the business, financial position, operations and prospects of Sangoma, which are subject to significant risks and uncertainties. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Sangoma to be materially different from any future results, performance or achievements expressed or implied by the forward looking information in this press release.

Sangoma has no intention to update this forward looking information, except as required by applicable securities law. This forward looking information should not be relied upon as representing Sangoma's views as of any date subsequent to the date of this press release.

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

Contact Information