Bridgewater Systems Corporation Files Final Prospectus and Announces Pricing for Offering of Common Shares



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    OTTAWA, Dec. 11 /CNW/ - Bridgewater Systems Corporation ("Bridgewater
Systems") announced today the pricing of its initial public offering and
secondary offering of 3,636,364 common shares to be issued by Bridgewater
Systems, and an aggregate of 2,727,273 common shares to be sold by certain
selling shareholders, at a price of Cdn$5.50 per share. The initial public
offering and secondary offering will result in aggregate gross proceeds of
$20 million to Bridgewater Systems and $15 million to the selling
shareholders.
    This offering is underwritten by a syndicate of underwriters led by CIBC
World Markets Inc. and Genuity Capital Markets and including GMP Securities
L.P., RBC Dominion Securities Inc. and TD Securities Inc.
    Closing is scheduled to take place on or about December 14, 2007. In
addition, Bridgewater Systems has granted to the underwriters an option to
purchase up to an additional 545,454 common shares and the selling
shareholders have granted to the underwriters an option to purchase up to an
additional 409,091 common shares at the same price to cover over-allotments,
if any, and for market stabilization purposes.
    Bridgewater Systems has received conditional approval for the listing of
its common shares on the Toronto Stock Exchange under the symbol "BWC",
subject to Bridgewater Systems fulfilling all of the requirements of the
Toronto Stock Exchange.

    About Bridgewater Systems Corporation

    Bridgewater Systems, based in Ottawa, Ontario, is a leading provider of
high performance, real-time software solutions that enable service providers
to dynamically control how subscribers access networks, content and
applications. Our products centralize, store and manage critical information
that defines service entitlements, preferences and billing profiles for
subscribers, ensure quality of service, and manage bandwidth utilization.
Service providers adopt our solutions to rapidly deploy content and
applications, increase the number of subscriber transactions that their
networks can support, and improve revenue assurance. Our solutions enable
service providers to increase average revenue per user, decrease "subscriber
churn" and lower operating costs.

    This press release is not an offer to sell or a solicitation of an offer
to buy securities. The Common Shares of Bridgewater Systems Corporation have
not been and will not be registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an exemption from registration.





For further information:

For further information: Bridgewater Systems Corporation, Tyler Nelson,
Vice President, Business Development & Marketing, (613) 591-6655,
Tyler.nelson@bridgewatersystems.com

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BRIDGEWATER SYSTEMS

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