A transceiver module release system is disclosed. The system may be used to release a transceiver module housed in a cage that is permanently mounted on a printed circuit board. The release system may include a bail that rotates a slide-block through a slot to urge the bail forward in a slide-block path on the transceiver module. The bail has a hook shaped structure adapted to be connected with a detachable pull tab. As the bail begins to move forward from the locked position, wedge elements at the end of a pair of slide-block arms extending rearward from the bail may contact locking tabs on the cage, forcing the locking tabs outward. As the locking tabs are forced outward, the shoulders of the transceiver module are released, and the transceiver module is free to slide-block out of the cage as the operator pulls on the bail.