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eOn Communications Enters Into Merger Agreement with Inventergy Inc. and Announces Sale of Preferred Stock

   eOn Communications Enters Into Merger Agreement with Inventergy Inc. and
                      Announces Sale of Preferred Stock

PR Newswire

CORINTH, Miss., Dec. 18, 2013

CORINTH, Miss., Dec. 18, 2013 /PRNewswire/ -- eOn Communications Corporation
(EONC) and Inventergy Inc. have announced today that they have entered into a
merger agreement whereby Inventergy will merge into a wholly-owned subsidiary
of eOn. Upon satisfaction of all of the conditions to completing the merger,
eOn Communications will be renamed Inventergy Global, Inc. Upon completion of
the merger, Inventergy stockholders will receive shares of eOn stock, such
that the Inventergy stockholders in the aggregate will control eOn after the
merger. 

eOn also announced that it has entered into an agreement to sell $2.75 million
of its preferred stock in a private placement to certain accredited
investors. The use of proceeds from this offering is restricted until certain
conditions are met, including proceeding with the proposed merger transaction
with Inventergy.

Inventergy is an intellectual property (IP) acquisition and licensing company
dedicated to identifying, acquiring and licensing for fair value the patented
technologies of market-significant technology leaders. Led by IP industry
pioneer and veteran Joe Beyers, former head of IP and global strategy at
Hewlett-Packard, the company leverages decades of experience, market and
technology expertise, and industry connections to assist Fortune 500 companies
leverage the value of their world-changing innovations to achieve greater
returns. Inventergy aspires to enable a new world of IP value creation built
upon a more transparent, above-board and ethical business platform. The
Company currently owns a portfolio of over 160 patents from a Global Fortune
500 and Gartner-recognized technology leader in the telecommunications
industry.

Headquartered in Cupertino, CA, Inventergy's management team includes:
Chairman and Chief Executive Officer, Mr. Joe Beyers; SVP & General Counsel,
Mr. Wayne Sobon; and SVP of IP Acquisitions & Licensing, Mr. Jon Rortveit.

eOn's Principal Executive Officer, Stephen Swartz, states, "We are pleased
with the proposed merger transaction with Inventergy. We think this
transaction will provide value to our stockholders and an opportunity for eOn
to expand into different lines of business."

"The proposed merger transaction represents a significant milestone for
Inventergy. It provides a public vehicle to leverage our holistic approach and
flexible IP value-creation model," stated Joe Beyers, Chairman and CEO of
Inventergy. "We believe our becoming publicly listed will better position us
to meet the needs of companies that have a significant portion of their value
hidden within their IP."

Completion of the merger is subject to a number of conditions, including eOn
stockholder approval. Additional information regarding the merger transaction
and sale of preferred stock is set forth in the Company's Current Report on
Form 8-K dated December 18, 2013, which is being filed with the Securities and
Exchange Commission.

About eOn Communications
eOn Communications Corporation (EONC) is a global provider of innovative
communications solutions. With over 20 years of telecommunications expertise,
eOn solutions enable customers to leverage advanced technologies to
communicate more effectively. Our offerings are built on reliable open
architectures that enable easy adoption of emerging technologies, such as
Voice over Internet Protocol.
www.eoncc.com

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.

SOURCE eOn Communications Corporation

Website: http://www.eoncc.com
Contact: Lee Bowling (662)665-7918 lbowling@cortelco.com
 
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