Redline reports additional investment made by Vecima

10 Nov 2008 07:00

Redline Communications reports additional investment made by Vecima

TORONTO, Nov. 10 /CNW/ - Redline Communications Group Inc. ("Redline"), a leading provider of WiMAX and broadband wirelessinfrastructure, received notification on 5 November 2008 that, as of thenotification date, Vecima Networks Inc. ("Vecima") has acquired anadditional 432,675 common shares of Redline, bringing its total to 2,175,275shares. On October 31, 2008, Vecima announced that it had acquired 1,742,600common shares of Redline through the facilities of the Toronto Stock Exchange("TSX"). Vecima stated that the additional shares were acquired for investmentpurposes. Vecima has indicated that it now owns 14.19% of the 15,327,140common shares outstanding listed on the TSX. Based on the 21,048,635 commonshares outstanding including Class A common shares, Vecima owns 10.33% ofRedline common shares.

About Redline Communications

Redline Communications (www.redlinecommunications.com) is the leadingprovider of fixed and mobile standards-based wireless broadband solutions.Redline's RedMAX(TM) WiMAX Forum Certified(TM) system, RedMAX 4C MobileWiMAX(TM) products, and its award-winning RedCONNEX(TM) and RedACCESS(TM)families of broadband wireless infrastructure products enable serviceproviders and other network operators to cost-effectively deliverhigh-bandwidth services, including voice, video and data communications.Redline is committed to maintaining its wireless industry leadership with thecontinued development of WiMAX and other advanced wireless broadband products.With more than 100,000 installations in 85 countries, and a global network ofover 170 partners, Redline's experience and expertise helps service providers,enterprises and government organizations roll out wireless broadband networksto support advanced communications.

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Certain statements in this release constitute forward-looking statementsor forward-looking information within the meaning of applicable securitieslaws and are made pursuant to the "safe harbour" provisions of such laws.Statements related to potential benefits of, and demand for, Redline'sproducts including statements with respect to the features and benefits thatmay be achieved through the use of Redline's products and the relativeposition of these products vis-ƒ -vis competitive offerings in the industry areforward-looking statements which are subject to certain assumptions, risks anduncertainties. These risks and uncertainties include such factors as rapidtechnological changes, long uncertain sales cycles, demand for our products,the introduction of competing technologies, meeting industry standards,regulatory risk, dependent on key partners and resellers and other similarfactors that may cause the actual results, performance or achievements ofRedline to differ materially from the results, performance, achievements ordevelopments expressed or implied by such forward-looking statements. Readersare cautioned not to place undue reliance on such statements. Redline assumesno obligation to update or revise any forward-looking statements, whether as aresult of new information, future events or otherwise.For further information: Redline Communications, Carolyn Anderson, ChantelleBani, canderson(at)redlinecommunications.com, cbani(at)redlinecommunications.com, Tel: (905) 479-8344; Equicom Group, Craig Armitage, Vanessa Beresford, carmitage(at)equicomgroup.com, vberesford(at)equicomgroup.com, Tel: (416) 815-0700; Canaccord Adams, Neil Johnson/Andrew Chubb, Tel: +44 (0)20 7050 6500/(RDL. RDL)