SUNNYVALE, CA, November 29, 2007 - ShoreTel, Inc., (NASDAQ: SHOR), a leading provider of IP telecommunications systems, announced today that it filed an application with the Securities and Exchange Commission (SEC) to withdraw its Registration Statement on Form S-1, Registration No. 333-147486, initially filed with the SEC on November 19, 2007.
The Company requested to withdraw its Registration Statement due to the unwillingness of the selling stockholder to sell shares under the current capital market conditions.
About ShoreTel, Inc.
ShoreTel is a leading provider of Pure IP unified communications systems. ShoreTel voice systems provide customers with a number of key benefits, including ease of use, manageability and lower total cost of ownership than alternative solutions. ShoreTel's distributed software architecture and switched-based hardware platform extend enterprise-class voice services to every office and outpost, keeping employees fully connected wherever they go. Founded in 1996, ShoreTel has achieved broad industry recognition for its technology and high customer satisfaction. For the last four years, IT executives surveyed by Nemertes Research, an independent research firm, have rated ShoreTel highest in customer satisfaction among leading enterprise telecommunications systems providers. A select, worldwide group of channel partners provide service and support. ShoreTel is headquartered in Sunnyvale, California, and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.