TORONTO, July 15 /CNW/ - Sangoma(R) Technologies Corporation (TSXV: STC),
the premium provider of PC-based hardware and software for proprietary and
open source networking and telephony solutions, today announced that its board
of directors approved the issuance of 50,000 stock options on July 15, 2008 to
each of Serge Forest, Director, and Dominic Lavoie and Frederic Dickey, senior
officers of Paraxip Technologies Inc., under the terms of its stock option
plan. The options were granted at an exercise price of $1.10 (which is the
closing price of Sangoma's common shares on the TSX Venture Exchange on
July 14, 2008) and will expire five years from the date of grant. The options
will vest on the date that is three years from the date of grant.
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.
Sangoma is a registered trademark of Sangoma Technologies Corporation.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Kathleen Reed, Marketing Director, Sangoma
Technologies Corporation, (905) 474-1990 ext 115, email@example.com