...of COM DEV's outstanding common shares, announced an agreement to nominate each of Terry Reidel, James Adamson, Kym Anthony, Roberta Bondar, Wayne Fox, Chris O'Donovan, David Masotti, Michael Pley, David Sgro, Gregory Monahan and Colin D. Watson, as a director of COM DEV at the upcoming annual and special meeting of shareholders of COM DEV to be held on April 24, 2013 (the "Annual Meeting"). David Sgro, Gregory Monahan and Colin D. Watson are nominees which have been selected by Crescendo; in addition, Wayne Fox will also be nominated as a new director for election at the Annual Meeting.

Dr. Peter Scovell, a director of COM DEV since 2000, and Mr. Claude Séguin, a director of COM DEV since 2010, had indicated to the board of COM DEV their intention not to stand for re-election prior to the discussions between COM DEV and Crescendo, and accordingly neither of them are included on the list of nominees for election at the Annual Meeting.

Terry Reidel, the Chairman of the board of directors of COM DEV, said, "We recently engaged in a dialogue with Crescendo and the result of this collaborative effort is the inclusion of four strong candidates for COM DEV's board in its forthcoming proxy circular. The inclusion of Wayne, David, Gregory and Colin will be critical to replace each of Peter and Claude's significant contribution to COM DEV over the years. As long standing directors on the COM DEV board, Peter and Claude have each been instrumental in COM DEV's successes to date. The board thanks Peter and Claude for their dedicated years of service, and wishes them continued success in his future endeavours."

Eric Rosenfeld, Chairman and CEO of Crescendo Partners L.P, said: "We are pleased with the dialogue and collaboration with COM DEV. David Sgro, Gregory Monahan and Colin D. Watson each have excellent track records of creating value for shareholders and we are pleased to add their expertise to the COM DEV board of directors."

Under the terms of the agreement with Crescendo, COM DEV has agreed to increase the size of its board of directors from nine members to eleven members, conditional on the approval of 66 percent of the shareholders of COM DEV voting in person or by proxy at the Annual Meeting. Accordingly, it has agreed to present eleven directors to shareholders at the Annual Meeting, comprised of Mr. Sgro, Mr. Monahan, Mr. Watson and Mr. Fox, along with seven existing members of COM DEV's board of directors.