SR Telecom Signs Asset Purchase Agreement with Groupe Lagasse; - Provides product and service continuity for SR Telecom's global customers - Provides needed financial stability to fully resume normal operations - Re-establishes SR Telecom's ability to thrive in the global WiMAX market - Protects high-technology jobs in Montreal.

Canadian Corporate News, March, 2008

MONTREAL, QUEBEC, CANADA, Mar 24, 2008 (Marketwire via COMTEX) -- SR Telecom (TSX:SRX), a leading vendor in the global WiMAX market, today announced that it has signed an asset purchase agreement (APA) with Sherbrooke (Quebec) based Groupe Lagasse, an international holding company with manufacturing, products and services business units delivering leading edge communications solutions for the private and public sectors, for the purchase of the majority of SR Telecom's assets, including its WiMAX Forum-certified symmetryMX product line, for an aggregate consideration of $6,050,000 ...