Cygnal Technologies to Act as Distributor for Mediatrix VoIP Access Devices
White Radio LP ("White Radio"), a subsidiary of Cygnal Technologies Corp. (TSX: CYN), has signed a distribution agreement with Mediatrix Telecom Inc., a leading provider of Voice over Internet Protocol (VoIP) access technology.
White Radio will act as a stocking distributor of the Mediatrix line of advanced VoIP access devices, distributing the equipment to system integrators, VARs, and internet telephone service providers (ITSPs) across North America. The devices are used to connect conventional telephones, fax machines, PBX and Key Systems to an IP telephony network. Targeted end users include small businesses and enterprises who wish to enjoy the benefits of VoIP technology without major upgrades to their legacy telephone systems.
"We see tremendous opportunities in the VoIP market, and we are excited to be working with Mediatrix, one of the clear leaders in this space," said John Milne, President and General Manager, White Radio. "Recent rulings by the CRTC and FCC have cleared the way for ITSPs to aggressively market VoIP services. We are seeing evidence of strong demand in the marketplace, with our sales of Mediatrix products going from zero to $100,000 since August. We anticipate several million dollars of sales of this product line in 2006."
"White Radio offers the national coverage and distribution resources we need to satisfy market demands for a 'just-in-time' inventory model," said Alex Suter, Vice President, Worldwide Sales and Business Development for Mediatrix. "Their established dealer network, combined with their training and technical support capabilities, will help us get our products to market quickly and effectively."
Since its establishment in 1925, White Radio has become a Canadian market leader in the distribution of products in the audio/video, communications, telecom, wireless & TDM and contractor markets. White Radio has a national network of salespeople and operates from two principal locations in Burlington, Ontario and Burnaby, British Columbia. The Company offers a full range of technologies and solutions for integrators and service providers. White Radio has expertise in voice, video and data solutions over traditional and next generation converged technologies.
About Mediatrix Telecom Inc.
Mediatrix develops and markets advanced VoIP access devices, gateways, routers and value-added software enhancements for the enterprise, SOHO, and residential markets. Its products provide an ideal migration path for end users wishing to protect their current CPE investment (analog/digital phones, fax machines, PBX and Key Systems) while migrating to a converged IP network. Mediatrix products and solutions are widely interoperable and have received commercial endorsement from some of the world's leading manufacturers of telecommunications equipment as well as from large telecommunication carriers. Mediatrix is a wholly owned entity of Media5 Corporation, a Montreal-based high technology holding company. For more information, please visit www.mediatrix.com.
About Cygnal
Cygnal Technologies Corporation is a leading Canadian provider of network communication solutions including the design, installation, maintenance and management of wired and wireless communication networks. The Company offers a full range of technologies and solutions for service providers and enterprise customers. Cygnal has expertise in voice, video and data solutions over traditional and next generation converged technologies.
Cygnal Technologies Corporation is headquartered in Markham, Ontario and supports end-user customers and business partners through 14 offices across Canada, including Vancouver, Edmonton, Calgary, Winnipeg, London, Burlington, Brampton, Toronto, Sudbury, Ottawa, Montreal, Quebec City and Halifax. Cygnal common shares are listed on the Toronto Stock Exchange under the symbol CYN.
No stock exchange or regulatory authority has approved or disapproved of information contained herein. Certain information included in this news release is forward-looking and is subject to important risks and uncertainties. When used in this news release, the words believe, intend, estimate, expect, plan and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. These forward-looking statements are based on current expectations. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things, the impact of price and product competition, the ability of the Corporation to make acquisitions and/or integrate the operations and technologies of acquired businesses in an effective manner, general industry and market conditions and growth rates, the impact of consolidations in the telecommunications industry and stock market volatility. For additional information with respect to certain of these and other factors, see the reports filed by Cygnal Technologies with applicable Canadian securities administrators. Cygnal Technologies disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For further information, please contact:
Mike Spooner
Marketing Communications Manager
Mediatrix
514-285-0058 ext: 424
Cygnal Technologies to Act as Distributor for Mediatrix VoIP Access Devices