Bridgewater Systems Corporation Files Preliminary Prospectus for Initial Public Offering

    OTTAWA, Nov. 6 /CNW/ - Bridgewater Systems Corporation today announced
that it has filed a preliminary prospectus with securities regulatory
authorities in each of the provinces and territories of Canada in connection
with an initial public offering of its Common Shares.
    This offering will be underwritten by a syndicate of underwriters led by
CIBC World Markets Inc. and Genuity Capital Markets and including GMP
Securities L.P., RBC Dominion Securities Inc. and TD Securities Inc.

    About Bridgewater Systems Corporation

    Bridgewater Systems Corporation, based in Ottawa, Ontario, is a leading
provider of high performance, real-time software solutions that enable service
providers to dynamically control how subscribers access networks, content and
applications. Our products centralize, store and manage critical information
that defines service entitlements, preferences and billing profiles for
subscribers, ensure quality of service, and manage bandwidth utilization.
Service providers adopt our solutions to rapidly deploy content and
applications, increase the number of subscriber transactions that their
networks can support, and improve revenue assurance. Our solutions enable
service providers to increase average revenue per user, decrease "subscriber
churn" and lower operating costs.

    This press release is not an offer to sell or a solicitation of an offer
to buy securities. The Common Shares of Bridgewater Systems Corporation have
not been and will not be 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 exemption from registration.

For further information:

For further information: Bridgewater Systems Corporation, Tyler Nelson,
Vice President, Business Development & Marketing, (613) 591-6655,

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