Page 6 - TelecomReseller June-July 2017

6 Telecom Reseller Sangoma Announces the
Acquisition of VoIP Supply LLC
...continued from page 4
of VoIP Supply from its LLC members. For
all the membership interests in VoIP Supply LLC, Sangoma will pay initial consideration of US$3.0 million in cash, issue 993,627 common shares for a deemed value of US$0.6 million
(at C$0.80/share), and enter into an agreement for contingent consideration of up to US$0.4 million if certain targets are achieved in the rst year post closing. In conjunction with
this transaction, Sangoma has extended the company’s borrowing capability with its current Canadian bank from C$2.5 million to C$4.5 million.
OUTLOOK FOR FISCAL YEARS 2017 AND 2018
e purchase of VoIP Supply will close shortly a er the end of Sangoma’s scal year 2017, and so will have no material impact on Sangoma’s nancial results for the current scal year that will end in two weeks on June 30. As a result, previously issued guidance and commentary on revenue and EBITDA for scal 2017 remains unchanged.
For the scal year 2018, Sangoma has previously provided guidance and committed
to updating that guidance at the time it releases full year results for scal 2017. e company expects that in scal 2018, the acquisition of VoIP Supply will be accretive, will add over C$15m in revenue to Sangoma, and will result in total revenue in excess of C$45 million. More detailed guidance, updated for the VoIP Supply acquisition, will be provided at the time the company releases its scal 2017 nancial results.
TRANSACTION ADVISOR
INFOR Financial Inc. acted as the nancial advisor to Sangoma in connection with the acquisition of VoIP Supply.
CONFERENCE CALL
President and CEO, Bill Wignall, and David Moore CFO will discuss this acquisition more fully on a conference call ursday June 22nd 2017, at 4pm Eastern Daylight Time. e dial-in number for the call is 1-800-319-4610 (International 1-604-638-5340) and investors are requested to dial in 5 to 10 minutes before the scheduled start time and ask to join the Sangoma call.
ABOUT SANGOMA TECHNOLOGIES CORPORATION Sangoma Technologies is a trusted leader in delivering Uni ed Communications solutions for SMBs, Enterprises, OEMs, Carriers and service providers. Sangoma’s globally, scalable o erings include both on-premises and cloud- based phone systems, telephony services and industry leading Voice-Over-IP solutions, which together provide seamless connectivity between traditional infrastructure and new technologies. Sangoma’s products and services are used in leading PBX, IVR, contact center, carrier networks and data-communication applications worldwide. Businesses can achieve enhanced levels of collaboration, productivity and ROI with Sangoma. Everything Connects, Connect with Sangoma!
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.
ABOUT VOIP SUPPLY
VoIP Supply is one of North America’s leading IP communications providers and
has delivered solutions for many thousands of customers. At VoIP Supply we understand that communications products comprise a total solution that greatly impacts our customers’ business.
Because of this, we take great pride in delivering the best possible experience every time.
Our team of talented, dedicated people are passionate about technology and networks, enabling us to deliver customized solutions with remarkable customer service and support. In addition to our online presence, we maintain
a team of trained sales and engineering experts to assist with product selection and implementation, a fully stocked warehouse for just-in-time shipments, and a business infrastructure built to foster customer loyalty.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
is press release contains forward-looking statements, including statements regarding the future success of our business, development strategies and future opportunities.
Forward-looking statements include, but are not limited to, statements concerning estimates of future revenue, expected expenditures, expected future production and cash ows, and other statements which are not historical facts. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should” and similar expressions indicate forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions
or expectations upon which they are based will occur.
By their nature, forward-looking statements are based on the opinions and estimates of
June/July 2017
management on the date that the statements are made and involve numerous assumptions, known and unknown risks and uncertainties, both general and speci c, that contribute to the possibility that the predictions, forecasts, projections and other events contemplated by the forward-looking statements will not occur or will di er materially from those expected.
Although Sangoma believes that the expectations represented by such forward- looking statements are reasonable based on the current business environment, there can be no assurance that such expectations will prove to be correct as these expectations are inherently subject to business, economic and competitive uncertainties and contingencies.
Some of the risks and other factors which could cause results to di er materially from those expressed in the forward-looking statements contained in the management’s discussion and analysis include, but are not limited to changes in exchange rate between
the Canadian Dollar and other currencies, the variability of sales between one reporting period and the next, changes in technology, changes
in the business climate in one or more of the countries that Sangoma operates in, changes in the regulatory environment, the rate of adoption of the company’s products in new markets, the decline in the importance of the PSTN and new competitive pressures.
e forward-looking statements contained in this press release are expressly quali ed by this cautionary statement and Sangoma undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term
is de ned in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ■
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