01 Communique Reports Second Quarter 2009 Results



    TORONTO, June 5 /CNW/ - 01 Communique Laboratory Inc. (TSX:ONE) today
announced results for its second quarter fiscal 2009, which ended April 30th.
Revenue for the quarter was $156,838 with an operating loss of $331,502 or
$0.006 per share compared to revenue of $172,247 with an operating loss of
$217,412 or $0.004 per share for the same period in 2008. On a year to date
basis revenue was $223,101 with a loss of $636,513 or $0.012 per share
compared to revenue of $259,729 with a loss of $509,426 for 2008. We completed
the quarter with $1,330,112 of cash and cash equivalents.
    "During the quarter we continued with our 3 part plan to grow our company
and increase shareholder value," said Andrew Cheung, President and CEO for 01
Communique. "We are selling the SecurePC and SecureKEY as part of our line up
of remote access products. We continue to work with Hitachi in Japan as we
wait for their sales and marketing efforts to pay off. We are continuing with
our patent litigation against Citrix Systems Inc. (NSDQ:CTXS)."

    
    Operational Update:
    -   During the second quarter we announced a "one-stop" bundle consisting
        of our I'm InTouch remote access service combined with a 3G cellular
        data plan that is very economically priced. Our direct sales team is
        marketing this bundle to potential customers across Canada.
    -   Product Awards - As a testimony to the quality of our products we
        received another product of the year award. Technology Marketing
        Corporation (TMC) has named our I'm InTouch remote access platform as
        a recipient of a 2008 Communications Solutions Product of the Year
        Award.
    -   Our direct sales team continues to market our SecurePC and SecureKEY
        along with the I'm InTouch suite of remote access solutions
        throughout North America.
    

    "We plan to continue using our direct sales team to sell to small-medium
sized businesses ("SME") throughout North America," said Andrew Cheung. "We
are encouraged by the interest that has been shown in our cellular-data bundle
and our SecurePC and SecureKEY."

    Patent Litigation Update:
    In March 2008 the judge in the case issued a memorandum and order staying
the case pending re-examination of the patent underlying our claims. The USPTO
issued its first office action as part of the re-examination process in June
2008. We filed our response and Citrix filed their response. All the reports
are available from the USPTO's web site. We are now waiting for the USPTO's
next office action.
    The technology underlying the patent is very unique and has already gone
through a vigorous prosecution process prior to the granting of the patent. We
anticipate the re-examination will be successful and our plan is to continue
the process to trial and if necessary any appeal by Citrix.

    Financial Highlights:
    Operating expenses for second quarter 2009 were $486,977 compared to
$388,410 for the same period in 2008. The majority of the increase is due to
an increase in a non-cash charge for stock based compensation of $83,101. The
cash operating expenses to run our business for the third quarter 2009 are
expected to continue at approximately the same rate as the second quarter.
    We completed the period with cash and cash equivalents of $1,330,112, a
decrease of $345,618. Cash was used predominately to fund the cash operating
loss, which after adding back non-cash charges for stock-based compensation of
$84,851, an increase non-cash working capital of $100,340 and depreciation of
$3,113 amounts to $343,878.

    
    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of this release.
    

    About 01 Communique

    Established in 1992, 01 Communique (TSX: ONE) is an innovative force in
the development and delivery of remote access and support products and
integrated communications software. 01's suite of products includes its remote
access product line I'm InTouch (www.imintouch.net) and its remote support
product I'm OnCall (www.imoncall.com). For more information on its products,
visit www.01com.com or call (905) 795-2888 or (800) 668-2185 (North America
only).

    Cautionary Note Regarding Forward-looking Statements.

    Certain statements in this news release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this news release, such statements
use such words as "may", "will", "expect", "believe", "plan", "intend", "are
confident" and other similar terminology. These statements reflect current
expectations regarding future events and operating performance and speak only
as of the date of this news release. Forward-looking statements involve
significant risks and uncertainties, should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether or not such results will be achieved. A number of
factors could cause actual results to differ materially from the results
discussed in the forward-looking statements, including, but not limited to,
the factors discussed under "Risk Factors" in the company's Annual Information
Form filed on SEDAR. Although the forward-looking statements contained in this
news release are based upon what management of the Company believes are
reasonable assumptions, the company cannot assure investors that actual
results will be consistent with these forward-looking statements. These
forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update or revise them to reflect new
events or circumstances.



    
                        01 Communique Laboratory Inc.
                       SELECTED FINANCIAL INFORMATION
                         Consolidated Balance Sheets
                                 (Unaudited)
                     April 30, 2009 and October 31, 2008

                                                      April 30,   October 31,
                                                          2009          2008
                                                 ----------------------------
    Assets
    Current assets
      Cash and cash equivalents                   $  1,330,112  $  1,974,658
      Accounts receivable                              125,206        65,363
      Prepaid expenses and other assets                 69,597        42,695
                                                 ----------------------------
                                                     1,524,915     2,082,716

    Capital assets                                      36,999        41,099
                                                 ----------------------------
                                                  $  1,561,914  $  2,123,815
                                                 ----------------------------
                                                 ----------------------------

    Liabilities & Shareholders' Equity

    Current liabilities
      Accounts payable & accruals                 $    321,728  $    334,392
      Deferred revenue                                  87,791        86,251
                                                 ----------------------------
                                                       409,519       420,643

    Shareholders' equity
      Share capital                                 30,326,144    30,514,944
      Contributed surplus                            1,188,659       669,453
      Share purchase warrants                          140,751       113,751
      Agent options                                     78,018       371,288
      Shareholder loans                                      -       (57,600)
      Deficit                                      (30,581,177)  (29,908,664)
                                                 ----------------------------
                                                     1,152,395     1,703,172
                                                 ----------------------------
                                                  $  1,561,914  $  2,123,815
                                                 ----------------------------
                                                 ----------------------------



                        01 Communique Laboratory Inc.
                       SELECTED FINANCIAL INFORMATION
       Consolidated Statements of Operations and Comprehensive Income
                                 (Unaudited)
         For the 3 and 6 month periods ended April 30, 2009 and 2008

                                for the three              for the six
                                months ending             months ending
                             April 30,    April 30,    April 30,    April 30,
                                 2009         2008         2009         2008
                          ------------------------- -------------------------

    Revenue               $   156,838  $   172,247  $   223,101  $   259,729
    Cost of revenue             1,363        1,249        3,358        1,990
                          ------------------------- -------------------------
                              155,475      170,998      219,743      257,739

    Expenses (income)
    Selling, general and
     administrative           264,849      211,608      437,543      426,144
    Patent litigation &
     re-examination
     expenses                  16,542            -       16,542            -
    Research and
     development              200,072      203,794      400,321      396,106
    Interest                    2,401      (28,381)      (4,375)     (57,906)
    Depreciation and
     amortization               3,113        1,389        6,225        2,821
                          ------------------------- -------------------------
                              486,977      388,410      856,256      767,165
                          ------------------------- -------------------------

    -------------------------------------------------------------------------
    Loss for the period
     and comprehensive loss  (331,502)    (217,412)    (636,513)    (509,426)
    -------------------------------------------------------------------------

    Loss per common share
    Basic                 $    (0.006) $    (0.004) $    (0.012) $    (0.010)
    Diluted               $    (0.006) $    (0.004) $    (0.012) $    (0.010)

    Weighted average number
     of common shares
    Basic                  51,586,878   51,485,207   51,656,325   51,258,864
    Diluted                51,586,878   51,485,207   51,656,325   51,258,864



                        01 Communique Laboratory Inc.
                    Consolidated Statements of Cash Flows
                                 (Unaudited)
         For the 3 and 6 month periods ended April 30, 2009 and 2008

                                for the three              for the six
                                months ending             months ending
                             April 30,    April 30,    April 30,    April 30,
                                 2009         2008         2009         2008
                          ------------------------- -------------------------
    Cash provided by
     (used in):

    Operating activities:
      Loss for the period $  (331,502) $  (217,412) $  (636,513) $  (509,426)
      Items not
       involving cash:
        Depreciation and
         amortization           3,113        1,389        6,225        2,821
        Stock-based
         compensation          84,851        1,750       85,736        7,375
      Change in non-cash
       working capital       (100,340)    (217,589)     (97,869)    (200,888)
                          ------------------------- -------------------------
                             (343,878)    (431,862)    (642,421)    (700,118)

    Financing activities:
      Issue of common
       shares                       -       74,167            -      162,561

    Investing activities:
      Purchase of
       capital assets          (1,740)      (9,562)      (2,125)     (15,469)

    Increase (decrease)
     in cash                 (345,618)    (367,257)    (644,546)    (553,026)

    Cash and cash
     equivalents,
     beginning of period    1,675,730    2,700,501    1,974,658    2,886,270
                          ------------------------- -------------------------
    Cash and cash
     equivalents,
     end of period        $ 1,330,112  $ 2,333,244  $ 1,330,112  $ 2,333,244
                          ------------------------- -------------------------
    





For further information:

For further information: Investor Contact: Brian Stringer, Chief
Financial Officer, 01 Communique, (905) 795-2888 x204,
brian.stringer@01com.com


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