RuggedCom Inc. announces completion of $40,040,000 initial public and secondary offering



    /NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION
    IN THE UNITED STATES/

    WOODBRIDGE, ON, June 21 /CNW/ - RuggedCom Inc. ("RuggedCom") announces
the completion of its initial public offering and secondary offering of
3,080,000 common shares at a price of $13.00 per common share for gross
proceeds of $36,506,275 to RuggedCom and $3,533,725 to certain selling
shareholders.
    TD Securities Inc. and Genuity Capital Markets are co-lead managers of
the underwriting syndicate, which also includes Canaccord Capital Inc., CIBC
World Markets Inc. and GMP Securities L.P.
    RuggedCom and the selling shareholders have also granted the underwriting
syndicate an option to purchase up to 462,000 additional common shares also at
a price of $13.00 per share. The option is exercisable, in whole or in part,
within the next 30 days to cover over-allotments, if any, and for market
stabilization purposes. If the option is exercised in full, gross proceeds of
the initial public offering and secondary offering will be $46,046,000 of
which RuggedCom will have received $41,982,213.
    Immediately following completion of the offering, Allan Brett, Peter
Crombie and Ian Giffen were appointed to the board of directors of RuggedCom.
This corporate change had been previously disclosed in RuggedCom's final
prospectus dated June 14, 2007.

    RuggedCom is a leading provider of rugged communications networking
solutions designed for mission-critical applications in harsh environments.
RuggedCom's robust technology solutions include Ethernet switches, network
routers, wireless devices, serial servers, media converters, software and
professional services. RuggedCom products are designed for use in harsh
environments such as those found in electrical power substations, oil
refineries, military applications, roadside traffic control cabinets and
metals and minerals processing. RuggedCom is well positioned to capitalize on
emerging trends within the rugged communications industry, including the
growing worldwide demand for IP-based communications networks suitable for
harsh environments and the global initiative to integrate communications
networks with electric power grids, known as "Smart Grids".

    This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to the qualification under the securities law of such
jurisdiction, including the United States. RuggedCom's shares have not been
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
applicable exemption from the registration requirements.





For further information:

For further information: Pino Porciello, RuggedCom's Director of
Marketing, at (905) 266-1758

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RUGGEDCOM INC.

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