News Release

Sangoma Technologies Corporation Announces Intention To Make A Normal Course Issuer Bid

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  SANGOMA TECHNOLOGIES CORPORATION

TSX VENTURE SYMBOL:  STC

NOVEMBER 3, 2004 - 16:08 ET

Sangoma Technologies Corporation Announces Intention 
To Make A Normal Course Issuer Bid

MARKHAM, ONTARIO--(CCNMatthews - Nov. 3, 2004) - Sangoma Technologies 
Corporation (TSXV:STC) today announced that the TSX Venture Exchange 
(the "TSXV") has approved a notice of intention to make a normal course 
issuer bid which was filed by Sangoma with the TSXV.

Pursuant to the terms of the bid, Sangoma will purchase its own common 
shares for cancellation through the facilities of the TSXV at the 
prevailing market price of the common shares. The number of common 
shares purchased by Sangoma will in no event be in excess of 5% of the 
issued and outstanding common shares at the date the bid commences, 
being 1,355,250 common shares of the 27,105,000 currently issued and 
outstanding common shares. Sangoma will effect purchases at varying 
times commencing on or after November 9, 2004 and continuing until no 
later than November 8, 2005.

Founded in 1984, Sangoma (www.sangoma.com) develops and manufactures 
wide area network (WAN) communication hardware and software products, 
with an emphasis on the PC platform. The communications solutions, 
voice, data and video gateways support all popular WAN networks, line 
protocols and all standard PC operating systems and platforms including 
Linux, Windows, FreeBSD, Sun Solaris, NetWare and DOS. Sangoma 
Technologies Corporation is publicly traded on the TSX Venture Exchange 
(TSXV: STC - News).

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FOR FURTHER INFORMATION PLEASE CONTACT:
Sangoma Technologies Corporation
David Mandelstam
President and Chief Executive Officer
(905) 474-1990
dm@sangoma.com
www.sangoma.com

 

 
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