Sangoma has not experienced any service interruptions or outages as a result of the cyber attack that targeted the Company, and all customers continue to use the full suite of Sangoma's products and services, normally. In addition to the Company's own investigation, a highly experienced team of third-party cybersecurity experts has to date, uncovered no indication of security threats related to the cyber attack that could create any additional risk for Sangoma's customers from using our products, nor any evidence to suggest that any intellectual property has been compromised. 'While this cyber attack has admittedly created a significant amount of work for us, the most important thing I'd like to stress to our investors is that our underlying business has not changed at all and remains strong,' said
About
Cautionary Statement Regarding Forward Looking Statements This press release contains forward-looking statements, including statements regarding the ongoing investigations into and actions being undertaken in response to the cyber attack, the anticipated impact of the cyber attack on our products and services, 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 flows, 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. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. By their nature, forward-looking statements are based on the opinions and estimates of management on the date that the statements are made and involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other events contemplated by the forward-looking statements will not occur or will differ materially from those expected. Such risks and uncertainties include but are not limited to: (i) the outcome of our ongoing investigation, including our discovery of additional information relating to the attack and resulting data breach, (ii) the potential loss of stakeholder confidence in Sangoma's ability to protect their information because of the attack, and the adverse impact such loss of confidence may have on sales, (iii) costs related to our investigation and any resulting liabilities, (iv) our ability to recover any proceeds under our insurance policies, (v) costs related to and the effectiveness of our mitigation and remediation efforts. 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 differ 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. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and Sangoma undertakes no obligation to update forwardlooking statements if circumstances or management's estimates or opinions should change except as required by law. Readers are directed to Sangoma's filings on SEDAR with respect to Management's Discussion and Analysis of Financial Results for the basis of Sangoma's reconciliation of EBITDA to net income as calculated under IFRS.
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