Net loss for the quarter was $1,204,000, or ($0.44) per common share, compared to a net income of $20,000, or $0.00 per common share in the quarter ended April 30, 2007. The loss for this quarter included $408,000 from the closure of India operations and associated severance costs. Revenue for the quarter was $1,514,000 (including related party revenue of $127,000) compared to $3,554,000 (including related party revenue of $195,000) for the quarter ended April 30, 2007.

Net loss for the nine months was $3,114,000 or ($1.14) per common share, compared to a net loss of $955,000 or ($0.36) per common share for the nine months ended April 30, 2007. The net loss for the nine months ended April 30, 2008 included a loss from discontinued operations of $584,000 or ($0.21) per common share. Revenue for the nine months was $5,390,000 (including related party revenue of $343,000) a decrease of 30% compared to $7,749,000 (including related party revenue of $363,000) for the nine months ended April 30, 2007.

Cash, cash equivalents and marketable securities decreased 76% to $1,360,000 from $5,656,000 as of July 31, 2007 primarily as a result of funding operating losses for the nine month period, the $900,000 investment in the Symbio Group and reclassification of $925,000 in auction rate marketable securities to long term.

"We are very disappointed with these results and are continuing restructuring to improve the Company's performance and return us to profitability," stated David Lee, eOn's chairman and chief executive officer. -- eOn Communications Corporation