Vecima to File Form 15F to Terminate SEC Registration and Reporting Obligations



    VICTORIA, June 29 /CNW/ - Vecima Networks Inc. (TSX:VCM) ("Vecima")
announces that it intends to file a Form 15F with the Securities and Exchange
Commission ("SEC") to terminate the registration of the company's class of
common shares under Section 12(g) of the United States Securities Exchange Act
of 1934, as amended (the "Exchange Act") and the company's reporting
obligations under Section 13(a) and Section 15(d) of the Exchange Act.
    Vecima succeeded to Spectrum Signal Processing Inc.'s ("Spectrum's")
Exchange Act registration and reporting obligations when Vecima acquired
Spectrum on May 2, 2007. The passage of new Exchange Act Rule 12h-6 has
enabled Vecima to apply to terminate its registration and reporting
obligations with the SEC. Vecima determined this was advisable given the
associated costs and the fact the company has no intention to pursue a US
listing at this time. When Vecima files Form 15F, the company's Exchange Act
reporting obligations will be suspended immediately and will terminate within
90 days absent any objections by the SEC.

    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 three principal
markets: Data over Cable, Broadband Wireless and Digital Video. 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.vecimanetworks.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 Information Form dated
September 27, 2006 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, IRO, (250)
881-1982, invest@vecimanetworks.com

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VECIMA NETWORKS INC.

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