Vecima Announces Preliminary Third Quarter Revenue Numbers; Updates Fiscal 2009 Revenue Guidance



    VICTORIA, April 28 /CNW/ - Vecima Networks Inc. ("Vecima") (TSX:VCM), a
leading provider of equipment supporting broadband access to cable, wireless
and telephony networks, today announced that as a result of delay in shipping
its new product and general softening of markets, it expects to report revenue
for the third quarter ended March 31, 2009 in the range of $20 million. As a
result of the lower than anticipated revenue recorded in the third quarter,
the Company now believes that it will not be able to meet its fiscal 2009
revenue growth target of 20 to 30 per cent over fiscal 2008, and instead
anticipates year over year revenue growth will be flat to down 5 per cent. The
Company expects to maintain its record of profitability in both the third
quarter and fourth quarter.
    "The shortfall in Q3 revenue is reflective of the timing of deliveries
for the new network cable product and not of any deterioration in the
fundamentals of our business; our solid balance sheet, dynamic product
offering, blue-chip customer base, and experienced management team continue to
be our proven strengths," said Vecima Chief Executive and Chairman, Dr.
Surinder Kumar. "Based on orders in hand and strong customer forecast demand
for this new cable product, we remain excited about the prospects for our new
product offerings. Because of our new product offerings, as we come out of
this general economic slow down, we believe our future annual growth will
exceed our traditional range of 20 to 30 per cent."
    Vecima intends to hold a conference call and live audio webcast on
Thursday, May 14, 2009 at 11 a.m. (ET) to discuss its financial and
operational results for the three month and nine month periods ended March 31,
2009. A press release announcing the results will be issued the day of the
call, prior to markets opening.

    About Vecima Networks

    Vecima Networks Inc. (TSX:VCM) designs, manufactures and sells products
that enable broadband access to cable, wireless and telephony networks.
Vecima's hardware products incorporate original embedded software to meet the
complex requirements of next-generation, high-speed digital networks. Service
providers use Vecima's solutions to deliver services to a converging worldwide
broadband market, including what are commonly known as "triple play" (voice,
video and data) and "quadruple play" (voice, video, data and wireless)
services. Vecima's solutions allow service providers to rapidly and
cost-effectively bridge the final network segment that connects the system
directly to end users, commonly referred to as "the last mile," by overcoming
the bottleneck resulting from insufficient carrying capacity in legacy, last
mile infrastructures. Vecima's products are directed at two principal markets:
Converged Wired Solutions and Broadband Wireless. The Company has also
developed, and continues to focus on developing, products to address emerging
markets such as Voice over Internet Protocol, fibre to the home and IP video.
www.vecima.com

    Forward-Looking Statements

    Certain statements in this news release may constitute forward-looking
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this news release, such statements
are generally identified by the use of such words as "may", "will", "expect",
"believe", "plan", "intend" and other similar terminology. These statements
reflect Vecima's current expectations regarding future events and operating
performance and speak only as of the date of this news release.
Forward-looking statements involve significant risks and uncertainties, should
not be read as guarantees of future performance or results, and will not
necessarily be accurate indications of whether or not such results will be
achieved. A number of factors including, but not limited to, the factors
discussed under "Risk Factors" in the Company's Annual Report dated September
25, 2008 available on SEDAR (www.sedar.com), could cause actual results to
differ materially from the results discussed in the forward-looking
statements. Although the forward-looking statements contained in this news
release are based upon what management of the Company believes are reasonable
assumptions, the Company cannot assure investors that actual results will be
consistent with these forward-looking statements. These forward-looking
statements are made as of the date of this news release, and the Company
assumes no obligation to update or revise them to reflect new events or
circumstances.





For further information:

For further information: Vecima Networks, Alan Brick, Investor Relations
Officer, (250) 881-1982, invest@vecima.com

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VECIMA NETWORKS INC.

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