News and Events

eOn Communications Reports Second Quarter Results

SAN JOSE, CA (March 13, 2009) - eOn Communications Corporation(TM) (NASDAQ: EONC), a leading provider of telecommunications solutions, today reported second quarter fiscal 2009 results.

Net loss for the quarter was $376,000, or ($0.14) per common share, compared to a net loss of $999,000, or ($0.37) per common share in the quarter ended January 31, 2008. The net loss for the quarter ended January 31, 2008 included a loss from discontinued operations of $59,000 or ($0.02) per common share. Revenue for the quarter was $1,307,000 (with no related party revenue), a decrease of 12% compared to $1,480,000 (including related party revenue of $88,000) for the quarter ended January 31, 2008.

Net loss for the six months was $510,000 or ($0.19) per common share, compared to a net loss of $1,910,000 or ($0.70) per common share for the six months ended January 31, 2008. The net loss for the six months ended January 31, 2008 included a loss from discontinued operations of $577,000 or ($0.21) per common share. Revenue for the six months was $3,091,000 (with no related party revenue), a decrease of 20% compared to $3,876,000 (including related party revenue of $216,000) for the six months ended January 31, 2008.

Cash, cash equivalents and marketable securities decreased 6% to $2,383,000 from $2,545,000 as of July 31, 2008 primarily as a result of funding operating losses for the six month period.

On December 12, 2008, the Company executed a restructured Agreement and Plan of Merger to acquire Cortelco Systems Holding Corporation ("Cortelco") for up to $11,000,000 in cash, contingent primarily on the future earnings of Cortelco. The independent members of the Board of Directors of both eOn and Cortelco have approved the proposed merger. A majority of the Cortelco stockholders (excluding the shares held by David Lee and Steve Bowling) have approved the merger pursuant to an action by written consent that became effective January 26, 2009. Completion of the merger is subject to the fulfillment of the remaining conditions to closing.

The Company anticipates, but cannot guarantee, that the transaction will close sometime in the Company's third fiscal quarter of fiscal year 2009. The proposed merger may be terminated if the conditions to closing are not fulfilled, in the event of a breach of the agreement by either party, or upon mutual agreement of the parties.

About eOn Communications

eOn Communications Corporation is a global provider of innovative communications solutions. Backed by over 20 years of telecommunications engineering expertise, our solutions enable our customers to easily leverage advanced technologies in order to communicate more effectively. To find out more information about eOn Communications and its solutions, visit the World Wide Web at www.eoncommunications.com, or call 800-955-5321.

Note:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including technical and competitive factors, which could cause the Company's results and the timing of certain events to differ materially from those discussed in the forward-looking statements. Such risks are detailed in eOn Communications Corporation's most recent Form 10-Q filing with the Securities and Exchange Commission.

eOn Communications Corporation, the mark eOn, eQueue and Millennium are trademarks of eOn Communications Corporation.