MARKHAM, ON, Nov. 14 /CNW/ - Further to a news release issued this
morning and the completion of subsequent proceedings before the Ontario
Superior Court of Justice, Cygnal Technologies Corporation (TSX: CYN)
announced that it has obtained an Order to initiate a Court-supervised
restructuring under the Companies' Creditors Arrangement Act.
Cygnal is in the business of providing network communications solutions
including the design, integration, installation, maintenance and management of
wired and wireless solutions and networks. The company offers a full range of
technologies and solutions for service providers and enterprise customers.
Cygnal has expertise in voice, video and data solutions over traditional and
next generation converged technologies.
Cygnal Technologies Corporation is headquartered in Markham, Ontario and
supports end-user customers and business partners through 12 offices across
Canada, including Vancouver, Edmonton, Calgary, Winnipeg, London, Burlington,
Toronto, Ottawa, Montreal, Quebec City and Halifax.
This news release may contain forward-looking information with respect to
the company's business, operations, financial performance and conditions.
Actual results may differ from expected results for a variety of reasons
including factors discussed in the Company's Management's Discussion and
Analysis section of its 2006 Annual Report.
To learn more about Cygnal and its business, please refer to our Web site
For further information:
For further information: Jeff Codispodi, Investor Relations, The Equicom
Group Inc., (416) 815-0700 ext. 261, firstname.lastname@example.org.