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SANGOMA TECHNOLOGIES CORPORATION TSX VENTURE: STC 
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Sangoma First Quarter 2009-2010 Results Show Annual Revenue Growth of 20%
Sales of $3.12 million result in net earnings of $0.56 million
MARKHAM, ONTARIO--(Marketwire - Nov. 23, 2009) - Sangoma Technologies Corporation (TSX VENTURE:STC), today released highlights of its unaudited financial results for the quarter ended September 30, 2009.
| Q1 2009–2010 | Q1 2008–2009 | Change | ||
| Sales | $3.12 million | $2.60 million | +20 | % |
| Net income before | $0.88 million | $1.03 million | -14 | % |
| provision for taxes | ||||
| Net income | $0.56 million | $0.68 million | -18 | % |
| EBITDA | $1.18 million | $1.17 million | +1 | % |
| Net earnings per share | $0.019 | $0.024 | ||
| (fully diluted) | ||||
Working capital increased by 7% during the quarter to $8.60 million. Cash flow was positive $0.63 million representing $0.021 per share of net cash flow, fully diluted. Total cash and equivalents was $7.50 million at the end of the quarter.Net income was affected by a foreign exchange loss due to the change in the Canadian dollar/US dollar exchange rate.
About Sangoma Technologies Corporation
Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma's data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, contact center and data- communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications.
Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at: www.sangoma.com.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Sangoma Technologies CorporationSerge Forest
Vice President of Marketing
(514) 288-7111 Ext. 223
sforest@sangoma.com
www.sangoma.com