eOn Communications Corporation and Inventergy, Inc. Announce Closing of Merger and Related Transactions

eOn Communications Corporation and Inventergy, Inc. Announce Closing of Merger 
and Related Transactions 
Inventergy Global to Begin Trading on NASDAQ on Monday, June 9th
Under Ticker Symbol "INVT" 
CORINTH, MS and CAMPBELL, CA -- (Marketwired) -- 06/06/14 --   eOn
Communications Corporation ("eOn") (NASDAQ: EONC) and Inventergy,
Inc. ("Inventergy") announced today that the merger of eOn and
Inventergy was consummated effective as of June 6, 2014 with
Inventergy becoming a wholly-owned subsidiary of eOn and eOn's name
having changed to "Inventergy Global, Inc." (the "Company"). The
combined company will be led by Joe Beyers, Chairman and CEO of
Inventergy. 
"Today is a historic day for our company. We believe this merger will
enhance our long-term value and competitive position allowing us to
better meet the needs of our Fortune 500 and technology-leading
clientele," said Joe Beyers, Chairman and CEO of Inventergy. "The
operational and financial strength of the combined company will
enable us to continue investing in and accelerating our growth and
monetization activities." 
eOn Communications Corporation's Chairman, David Lee, stated, "We are
confident that this merger will create a financially strong and
transparent company, providing our shareholders with the opportunity
to participate in the future growth of our new, stronger combined
company." 
In accordance with the terms of the transaction, Inventergy's
stockholders will exchange their outstanding securities for
securities of the Company, with each share of Inventergy common stock
being exchangeable for 1.4139 shares of common stock of the Company,
adjusted for an announced 2:1 reverse split. The Company's transfer
agent has been requested to mail the requisite transmittal forms to
holders of Inventergy common stock for this purpose and the Company
will provide other security holders with instructions for the
exchange of other securities.  
Additionally, concurrent with the closing of the merger, eOn
consummated the transactions contemplated by the Transition
Agreement, including the transfer of all of eOn's ownership in
Cortelco Holding, Cortelco Systems Puerto Rico, Inc., and Symbio
Investment Corp. Following the transfers, the Company's wholly-owned
subsidiaries consist of Inventergy, Inc. and eOn Communications
Systems, Inc. 
The split-adjusted common stock of the combined company, Inventergy
Global, Inc., is expected to commence trading on the NASDAQ Capital
Market under the symbol "INVT" on June 9, 2014. The CUSIP assigned to
Inventergy Global, Inc.'s common stock is 46123X102. 
About eOn Communications
 eOn Communications Corporation 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. eOn's website may be accessed at www.eoncc.com. 
About Inventergy
 Inventergy, Inc. is an intellectual property
acquisition and licensing company dedicated to identifying, acquiring
and licensing the patented technologies of market-significant
technology leaders. Led by IP industry pioneer and veteran Joe
Beyers, the company leverages decades of experience, market and
technology expertise, and industry connections to assist Fortune 500
companies in leveraging the value of their innovations to achieve
greater returns. For more information about Inventergy, visit the
website at www.inventergy.com. 
Cautionary Statement Regarding Forward-Looking Statements
 This press
release includes "forward-looking statements" intended to qualify for
the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These statements include statements
about our plans, strategies, financial performance, prospects or
future events and involve known and unknown risks that are difficult
to predict. As a result, our actual results, performance or
achievements may differ materially from those expressed or implied by
these forward-looking statements. These statements may be identified
by the use of words like "anticipate", "believe", "estimate",
"expect", "intend", "may", "plan", "will", "should", "seek" and
similar expressions and include any projections or estimates set
forth herein. Such forward-looking statements are necessarily based
upon estimates and assumptions that, while considered reasonable by
Inventergy and our management team, are inherently uncertain. A more
complete description of these risks and uncertainties can be found in
our filings with the U.S. Securities and Exchange Commission. We
caution you not to place undue reliance on any forward-looking
statements, which are made as of the date of this press release. We
undertake no obligation to update publicly any of these
forward-looking statements to reflect actual results, new information
or future events, changes in assumptions or changes in other factors
affecting forward-looking statements, except to the extent required
by applicable laws. If we update one or more forward-looking
statements, no inference should be drawn that we will make additional
updates with respect to those or other forward-looking statements. 
Contact 
Investors:
Chris Camarra
Director, Investor Relations
(212) 260-0579
chris@inventergy.com 
Media Contact:
Wendy Chou
CHOUmedia LLC
(718) 812-6707
wendy@choumedia.com 
 
 
Press spacebar to pause and continue. Press esc to stop.