News and Events

eOn Communications Reports First Quarter Results

SAN JOSE, CA (December 15, 2008) – eOn Communications Corporation™ (NASDAQ: EONC), a leading provider of telecommunications solutions, today reported first quarter fiscal 2009 results.

Net loss for the quarter was $134,000, or ($0.05) per common share, compared to a net loss of $911,000, or $(0.33) per common share in the quarter ended October 31, 2007. Revenue for the quarter was $1,784,000 (with no related party revenue), a decrease of 26% compared to $2,396,000 (including related party revenue of $128,000) for the quarter ended October 31, 2007.

Cash, cash equivalents and marketable securities decreased 4% to $2,434,000 from $2,545,000 as of July 31, 2008 primarily as a result of funding operating losses for the three month period.

On December 12, 2008, the Company announced that it had executed an amended and restated Agreement and Plan of Merger to acquire Cortelco Systems Holding Corp. (“Cortelco”) for up to $11,000,000 in cash, with $500,000 to be paid at closing and the remainder to be paid in future quarters based upon the level of Cortelco’s adjusted income for such quarters. On an unaudited basis, Cortelco earned $595,000 in income before taxes on revenues (excluding those earned from eOn) of $4,290,000 for the three month period ended October 31, 2008.

Several steps are required before the acquisition can be completed and there is no guarantee that the transaction will close. 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.