Bridgewater Systems Responds to Crescendo Requisition



    OTTAWA, Feb. 12 /CNW/ - The Board of Directors of Bridgewater Systems
Corporation (TSX: BWC) today announced that it has received notice of a
requisition for a shareholder meeting pursuant to Section 143 of the Canada
Business Corporations Act. The requisition was received from Crescendo
Partners ("Crescendo"), which currently holds approximately 12.7% of the
outstanding shares of Bridgewater. The meeting has been requisitioned for the
purpose of replacing certain members of the current Board of Directors of
Bridgewater with nominees to be proposed by Crescendo. At this time,
alternative directors have not been proposed by Crescendo.
    The Board of Directors of Bridgewater has been proactively engaged in,
and is committed to advancing, a dialogue with Crescendo and will make a
further announcement regarding the Board's response to the requisition in due
course. The Board has also formed a committee of independent directors and has
retained TD Securities Inc. to advise the Board.

    About Bridgewater Systems

    Bridgewater Systems, the mobile personalization company, enables service
providers to efficiently manage and profit from mobile data services, content
and commerce. The company's market leading mobile personalization portfolio
provides a real-time, unified view of subscribers including entitlements,
devices, networks, billing profiles, preferences and context. Anchored by
Bridgewater's Subscriber Data Broker(TM), the portfolio of carrier-grade and
standards-based products includes the Bridgewater(R) Service Controller (AAA),
the Bridgewater(R) Policy Controller (PCRF) and the Bridgewater(R) Home
Subscriber Server (HSS). More than 100 leading service providers including
America Movil, Bell Canada, Clearwire, Hutchison Telecom, Leap Wireless,
Scartel, SmarTone-Vodafone, Sprint, Tata Teleservices, Tatung, Telmex,
Telstra, and Verizon Wireless use Bridgewater's solutions to rapidly deliver
innovative mobile services to over 150 million subscribers. For more
information, visit us at www.bridgewatersystems.com.
    Bridgewater, Bridgewater Systems, the Bridgewater Systems logo, WideSpan,
and Subscriber Data Broker are trademarks or registered trademarks of
Bridgewater Systems Corporation. All other company, product names and any
registered and unregistered trademarks mentioned are used for identification
purposes only and remain the exclusive property of their respective owners.

    Certain statements in this release, including the guidance provided
above, constitute forward-looking statements or forward-looking information
within the meaning of applicable securities laws and are made pursuant to the
"safe harbour" provisions of such laws. These statements are subject to
certain assumptions, risks and uncertainties. Readers are cautioned not to
place undue reliance on such statements. Risk factors that may cause the
actual results, performance, achievements or developments of the Company to
differ materially from the results, performance, achievements or developments
expressed or implied by such forward-looking statements can be found in the
public documents filed by the Company from time to time with Canadian
securities regulatory authorities. In particular, actual results could differ
materially from those expressed in any forward-looking statements.
    Because the Company's business depends on the strength of the
telecommunications industry, its operating results will suffer if that
industry experiences an economic downturn. For a more complete list of risk
factors, please refer to Bridgewater's Annual Information Form dated March 28,
2008. The Company assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.





For further information:

For further information: Bridgewater Systems, Kim Butler, Chief
Financial Officer, kim.butler@bridgewatersystems.com, (613) 591-9104 ext 6023;
Investor Relations, The Equicom Group Inc., Vanessa Beresford,
vberesford@equicomgroup.com, (416) 815-0700 ext 227

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BRIDGEWATER SYSTEMS

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