News Release

Sangoma Announces Third Quarter 2003-2004 Results 'Unaudited'

NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  SANGOMA TECHNOLOGIES CORPORATION

TSX VENTURE SYMBOL:  STC

MAY 31, 2004 - 14:50 ET

Sangoma Announces Third Quarter 2003-2004 Results
'Unaudited'

MARKHAM, ONTARIO--(CCNMatthews - May 31, 2004) -  

Net loss of $19,415 on sales of $509,550 for the quarter ended 
March 31, 2004 

Sangoma Technologies Corporation (TSXV:STC) (www.sangoma.com), an 
award-winning Wide Area Network (WAN) communication hardware and 
software manufacturer, today released highlights of its unaudited 
results for the quarter ended March 31, 2004.  

The Company reported sales of $509,550 for the quarter ended 
March 31, 2004 as compared to sales of $902,042 for the quarter 
ended March 31, 2003. Sales were adversely affected by a general 
short-term decline in the telecom industry, delays in customer 
projects and the high value of the Canadian dollar. 

After taking into account provision for future income taxes, the 
net loss was $19,415 ($0.0007 per share), as compared to net 
income after taxes of $249,012 ($0.0092 per share) in the third 
quarter of 2002-2003.  

Cash flow from operations before non-cash working capital 
balances was $160,086 in the third quarter 2003-2004, as compared 
to $370,771 for the same quarter the previous year. The Company's 
working capital balance was $1,418,374 ($0.052/share) at March 
31, 2004. 

About Sangoma Technologies Corporation 

Founded in 1984, Sangoma develops and manufactures wide area 
network (WAN) communication hardware and software products, with 
an emphasis on the PC platform. The communications solutions and 
routing products 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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Sheldon Rose
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sheldonr@sackepr.com
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