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| RealMarket Stock Index |
| RMSI | 60.65 |  | 1.24% |
| Dow Jones | 12,871.75 |  | 0.16% |
| Nasdaq | 2,424.40 |  | 0.06% |
| S&P 500 | 1,396.37 |  | 0.11% |
| Top Gainers |
| SAP | 51.2 |  | 57.90 |
| HP | 47.59 |  | 49.78 |
| NCR | 24.34 |  | 47.99 |
| Top Losers |
| eOn | 0.3 |  | 0.78 |
| Selectica | 1.34 |  | 1.75 |
| Broadvision | 1.04 |  | 2.20 |
| Complete Stock Index |
| As of close 04/28/08 |

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FOR IMMEDIATE RELEASE
eOn Communications Reports Second Quarter Results
SAN JOSE, CA (March 17, 2008) – eOn Communications Corporation™ (NASDAQ: EONC), a leading provider of telecommunications solutions, today reported second quarter fiscal 2008 results.
Net loss for the quarter was $999,000, or ($0.07) per common share, compared to a net loss of $1,015,000, or $(0.07) per common share in the quarter ended January 31, 2007. The loss for this quarter included $59,000 from discontinued operations. Revenue for the quarter was $1,480,000 (including related party revenue of $88,000) compared to $1,487,000 (including related party revenue of $168,000) for the quarter ended January 31, 2007.
Net loss for the six months was $1,910,000 or ($0.14) per common share, compared to a net loss of $975,000 or ($0.07) per common share for the six months ended January 31, 2007. The net loss for the six months ended January 31, 2008 included a loss from discontinued operations of $577,000 or ($0.04) per common share. Revenue for the six months was $3,876,000 (including related party revenue of $216,000) a decrease of 8% compared to $4,195,000 (including related party revenue of $168,000) for the six months ended January 31, 2007.
Cash, cash equivalents and marketable securities decreased 50% to $2,826,000 from $5,656,000 as of July 31, 2007 primarily as a result of funding operating losses for the six month period and the $900,000 investment in the Symbio Group.
“We are very disappointed with these results and have begun restructuring to improve the Company’s performance and return us to profitability,” stated David Lee, eOn’s chairman and chief executive officer. “We will be hosting a conference call in April to address Company operations, growth plans and the prospective merger with Cortelco.”
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, and eQueue are trademarks of eOn Communications Corporation.
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Editorial Contact: Michelle King
mking@sparktech.com
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