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March Networks Corporation Adopts Shareholder Rights Plan

OTTAWA, July 23 /PRNewswire-FirstCall ---- March Networks(R) Corporation (TSX: MN) ("March Networks" or the "Corporation") today announced that it has entered into
a shareholder rights plan agreement (the "Rights Plan") to encourage the fair treatment of shareholders in any takeover offer for the Corporation. The Rights
Plan is effective immediately and will provide the board of directors of March Networks and the shareholders more time to consider fully any unsolicited
take-over bid for the Corporation. It will also allow more time for the board of directors to pursue other alternatives to maximize shareholder value, if
appropriate. Shareholders will be asked to confirm the rights plan at the next annual and special meeting of the shareholders scheduled to be held on August
26, 2010.

One right has been issued with respect to each of the common shares of the Corporation (the "Shares") issued and outstanding as of July 23, 2010. These
rights will become exercisable only when a person, including any party related to it, acquires or attempts to acquire 20 percent or more of the outstanding
Shares without complying with the "Permitted Bid" provisions of the Rights Plan or without approval of the board of directors of March Networks. Should such an
acquisition occur or be announced, each right would, upon exercise, entitle a rights holder, other than the acquiring person and related persons, to purchase
Shares at a 50 percent discount to the market price at the time.
Read More: http://www.itnewsonline.com/showprnstory.php?storyid=111358
Source: PRNewswire/FirstCall


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