Sangoma releases highlights of its audited results for the financial year 2007 - 2008



    Sales of $12,343,600 result in 60% growth in net income to $2,912,904

    MARKHAM, ON, Oct. 15 /CNW/ - Sangoma(R) Technologies Corporation (TSXV:
STC), the premium provider of PC-based telephony hardware and software for
proprietary and open source networking and telephony solutions, today released
highlights of its results for the financial year ending June 30, 2008.

    
                                2007 - 2008       2006 - 2007       Increase

    Sales                       $12.34 Million    $8.22 Million     50%

    Net income before
     provision for income
     taxes                      $4.65 Million     $2.83 Million     64%

    Net income                  $2.91 Million     $1.82 Million     60%

    Net earnings per share
     (basic and diluted)        $0.10             $0.07             54%
    

    Both sales and net earnings represent all time records for the company.

    The company finished the financial year with working capital of
$8.96 million, compared to $5.29 million in the prior year, an increase of
69%.
    "Sangoma has now completed eight consecutive quarters of record growth,"
says Sangoma Technologies President and CEO, David Mandelstam. "The challenge
for the coming quarters is to meet and exceed past performance in a
deteriorating economic climate. Our recent acquisition of Paraxip Technologies
will open up new markets that will help us achieve these goals."

    About Sangoma Technologies Corporation

    Sangoma Technologies Corporation is the premium provider of PC-based
hardware and software for proprietary and open source data and telephony
transport solutions. The company develops and manufactures the most scalable
and reliable voice and Wide Area Network data cards in the industry, including
the award-winning Advanced Flexible Telecommunications (AFT) product line.
Founded in 1984, Sangoma Technologies Corporation is publicly traded on the
TSX Venture Exchange (TSXV: STC - News). Additional information on Sangoma can
be found at: www.sangoma.com.

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





For further information:

For further information: Media Contacts: Kathleen Reed, Marketing
Director, Sangoma Technologies Corporation, (905) 474-1990 ext 115,
kathleen@sangoma.com

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SANGOMA TECHNOLOGIES CORPORATION

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