Cygnal Technologies announces retirement
of Chairman Gerald Hurlow
Jos Wintermans assumes Chairman role
MARKHAM, ONTARIO, August 31, 2007 – Cygnal Technologies Corporation (TSX:CYN), a leading
Canadian provider of network communication solutions, today announced the retirement of Gerald Hurlow as
a Director of the Corporation and as Chairman of its Board of Directors. Mr. Hurlow has been Chairman of
Cygnal since 1993, and also served as President and Chief Executive Officer from August, 2004 to
November, 2005. The role of Chairman will be filled by Jos Wintermans, who has served as Cygnal’s Chief
Executive Officer and as a Director since November, 2005.
“After much reflection I feel the time is right to step aside,” said Gerald Hurlow. “I believe Jos Wintermans
has guided Cygnal through its most difficult times, and the road to success is now clear. I am confident that
the Company is in the hands of a strong, capable and energetic leader.”
“On behalf of the Company and the Board, I would like to express my sincere thanks to Gerry for the many
years of commitment and leadership he has contributed to Cygnal,” said Jos Wintermans, Chairman and CEO.
“As the incoming CEO I found his strategic counsel and market knowledge to be particularly valuable. I
believe we have laid the foundation for profitable growth as we capitalize on significant opportunities
available in the network communications market.”
Cygnal Technologies Corporation is a leading Canadian provider of network communication solutions
including the design, integration, installation, maintenance and management of wired and wireless solutions
and 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 12 offices across Canada, including Vancouver, Edmonton, Calgary, Winnipeg,
London, Burlington, Toronto, Ottawa, Montreal, Quebec City and Halifax. Cygnal common shares are listed
on the Toronto Stock Exchange under the symbol CYN.
This news release contains forward-looking statements. Often, but not always, forward looking statements can
be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”,
“scheduled”, “estimates”, “forecasts”, “guidance”, “intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Cygnal to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Examples of such statements include, but are not
limited to: factors relating to trends in the communications equipment and services industry, including (1)
Cygnal’s ability to maintain and grow its revenues; (2) the opportunity for greater competition to build
network infrastructure; (3) the trend toward building next generation core networks; (4) outsourcing by
businesses of the design, build and maintenance of their network infrastructure; and (5) an increased demand
for private broadband networks. Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking statements contained in this news release.
Such forward-looking statements are based on a number of assumptions which may prove to be incorrect,
including, but not limited to: Cygnal’s ability to meet its obligations under its debt facilities; full
implementation of Cygnal’s cost reduction plan; Cygnal’s ability to compete and to adapt to technological
development; the continuation of the Company’s relationships with its suppliers; Cygnal’s ability to recruit
and retain qualified personnel; the continuation of positive economic and market conditions, and the ability of
provisions in service agreements to limit exposure to potential claims. While Cygnal anticipates that
subsequent events and developments may cause its views to change, Cygnal specifically disclaims any
obligation to update these forward-looking statements. These forward-looking statements should not be relied
upon as representing Cygnal’s views as of any date subsequent to the date of this news release.
Although Cygnal has attempted to identify important factors that could cause actual actions, events or results
to differ materially from those described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. These factors are not intended to represent a complete list of the factors that
could affect Cygnal.
For further information, please contact:
James Shannon Jeff Codispodi
Chief Financial Officer Investor Relations
Cygnal Technologies Corporation The Equicom Group Inc.
905-944-6572 416-815-0700 ext. 261