OTTAWA, Nov. 6 /CNW/ - Bridgewater Systems Corporation today announced that it has filed a preliminary prospectus with securities regulatory authorities in each of the provinces and territories of Canada in connection with an initial public offering of its Common Shares. This offering will be underwritten by a syndicate of underwriters led by CIBC World Markets Inc. and Genuity Capital Markets and including GMP Securities L.P., RBC Dominion Securities Inc. and TD Securities Inc.

About Bridgewater Systems Corporation
Bridgewater Systems Corporation, based in Ottawa, Ontario, is a leading provider of high performance, real-time software solutions that enable service providers to dynamically control how subscribers access networks, content and applications. Our products centralize, store and manage critical information that defines service entitlements, preferences and billing profiles for subscribers, ensure quality of service, and manage bandwidth utilization. Service providers adopt our solutions to rapidly deploy content and applications, increase the number of subscriber transactions that their networks can support, and improve revenue assurance. Our solutions enable service providers to increase average revenue per user, decrease "subscriber churn" and lower operating costs.

This press release is not an offer to sell or a solicitation of an offer to buy securities. The Common Shares of Bridgewater Systems Corporation have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration.

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