01 Communique Reports Third Quarter 2009 Results



    TORONTO, Sept. 10 /CNW/ - 01 Communique Laboratory Inc. (TSX:ONE) today
announced results for its third quarter fiscal 2009, which ended July 31st.
Revenue for the quarter was $120,617 with an operating loss of $250,983 or
$0.005 per share compared to revenue of $84,116 with an operating loss of
$346,835 or $0.007 per share for the same period in 2008. On a year to date
basis revenue was $343,718 with a loss of $887,496 or $0.017 per share
compared to revenue of $343,845 with a loss of $856,261 or $0.017 per share
for 2008. We completed the quarter with $1,089,387 of cash and cash
equivalents.
    "During the third quarter we were able to reduce our operating expenses
and as a result reduce our operating loss," said Andrew Cheung, President and
CEO for 01 Communique. "In addition, we made progress with our patent
re-examination process as part of our patent litigation against Citrix Systems
Inc. On August 19th we received a non-final Office Action Closing Prosecution
from the United States Patent and Trademark Office ("USPTO") in which 4 claims
were found to be patentable. All we need is one claim to be found valid and
infringed. Progress was also made during the quarter towards building revenue
from our direct sales efforts. Subsequent to the end of the quarter, on
September 1st, Hitachi in Japan announced the release of the latest version of
DoMobile. Updates are provided below."

    Hitachi Update:
    On September 1st, Hitachi Business Solution announced that the new
version of DoMobile CSE Ver.2.7 will be released in Japan on September 25th.
The new version incorporates Intel Corporation's vPro technology thereby
enhancing DoMobile's remote wake-up functionality, which utilizes our
patent-pending remote wake up technology. This improves the remote power
management of their office PC's, most importantly allowing remote resetting of
any PC or Server even if it is "frozen" i.e. blue screen. DoMobile is marketed
in Japan, under a license agreement with the Company, as a secure remote
access solution for businesses to support their mobile computing needs, as
well as a continuity solution for the possibility of a flu pandemic, and as
part of the infrastructure required for cloud-computing.

    Patent Re-examination Update:
    On August 19th, the USPTO issued an Office Action Closing Prosecution
(non-final) in which 4 claims were found to be patentable. The company is
confident that the outcome of the re-examination process will be the
affirmation of the validity of asserted claims of the '479 patent as
originally issued. A copy of the Office Action is available from the USPTO's
web site at http://portal.uspto.gov/external/portal/pair. The application
number is 95/001018.
    The background of our case against Citrix is as follows. In February,
2006 we commenced legal action against Citrix for infringement of our patent.
A copy of the court pleading is on our web site. A claim construction hearing,
commonly referred to as a Markman Hearing, was held in November 2006. The
claim construction order establishes the meaning of the patent claims terms in
dispute between the parties. In the Order, the judge adopted the construction
asserted by the Company for 19 of the 20 disputed terms. In March 2008,
approximately one month before the trial was scheduled to commence, the judge
issued a memorandum and order staying the case pending re-examination of the
patent by the USPTO.

    Financial Highlights:
    Operating expenses for third quarter 2009 were $370,591 compared to
$429,263 for the same period in 2008. The majority of the decrease is due to
expenses incurred in the third quarter 2008 for the patent re-examination
process. The cash operating expenses to run our business for the fourth
quarter 2009 are expected to be approximately $400,000.
    We completed the period with cash and cash equivalents of $1,089,387 a
decrease of $240,725. Cash was used predominately to fund the cash operating
loss, which after adding back non-cash charges amounted to $239,827.

    
    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)
                     July 31, 2009 and October 31, 2008


                                            July 31, 2009   October 31, 2008
                                        ------------------ ------------------

    Assets
    Current assets
      Cash and cash equivalents             $   1,089,387      $   1,974,658
      Accounts receivable                         119,931             65,363
      Inventory                                    23,914                  -
      Prepaid expenses and other assets            28,197             42,695
                                            --------------     --------------
                                                1,261,429          2,082,716

    Capital assets                                 34,784             41,099
                                            --------------     --------------
                                            $   1,296,213      $   2,123,815
                                            --------------     --------------
                                            --------------     --------------

    Liabilities & Shareholders' Equity

    Current liabilities
      Accounts payable & accruals           $     301,202      $     334,392
      Deferred revenue                             91,001             86,251
                                            --------------     --------------
                                                  392,203            420,643

    Shareholders' equity
      Share capital                            30,326,144         30,514,944
      Contributed surplus                       1,353,596            669,453
      Share purchase warrants                      37,556            113,751
      Agent options                                18,874            371,288
      Shareholder loans                                 -            (57,600)
      Deficit                                 (30,832,160)       (29,908,664)
                                            --------------     --------------
                                                  904,010          1,703,172
                                            --------------     --------------
                                            $   1,296,213      $   2,123,815
                                            --------------     --------------
                                            --------------     --------------



                        01 Communique Laboratory Inc.
                       SELECTED FINANCIAL INFORMATION
       Consolidated Statements of Operations and Comprehensive Income
                                 (Unaudited)
         For the 3 and 9 month periods ended July 31, 2009 and 2008

                                for the three months     for the nine months
                                       ending                  ending
                                 July 31,    July 31,    July 31,    July 31,
                                    2009        2008        2009        2008
                             ------------------------ -----------------------

    Revenue                   $  120,617  $   84,116  $  343,718  $  343,845
    Cost of revenue                1,009       1,688       4,367       3,678
                             ------------------------ -----------------------
                                 119,608      82,428     339,351     340,167

    Expenses (income)
    Selling, general and
     administrative              184,450     158,386     621,992     584,530
    Patent litigation &
     re-examination expenses           -      88,916      16,542      88,916
    Research and development     183,245     197,086     583,566     593,192
    Interest                        (216)    (16,513)     (4,591)    (74,419)
    Depreciation and
     amortization                  3,113       1,388       9,338       4,209
                             ------------------------ -----------------------
                                 370,591     429,263   1,226,847   1,196,428
                             ------------------------ -----------------------

    -------------------------------------------------------------------------
    Loss for the period and
     comprehensive loss         (250,983)   (346,835)   (887,496)   (856,261)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    Loss per common share
    Basic                     $   (0.005) $   (0.007) $   (0.017) $   (0.017)
    Diluted                   $   (0.005) $   (0.007) $   (0.017) $   (0.017)

    Weighted average number
     of common shares
    Basic                     51,403,507  51,645,482  51,554,618  51,400,457
    Diluted                   51,403,507  51,645,482  51,554,618  51,400,457



                        01 Communique Laboratory Inc.
                    Consolidated Statements of Cash Flows
                                 (Unaudited)
         For the 3 and 9 month periods ended July 31, 2009 and 2008

                                for the three months     for the nine months
                                       ending                  ending
                                 July 31,    July 31,    July 31,    July 31,
                                    2009        2008        2009        2008
                             ------------------------ -----------------------
    Cash provided by
     (used in):

    Operating activities:
      Loss for the period     $ (250,983) $ (346,835) $ (887,496) $ (856,261)
      Items not involving
       cash:
        Depreciation and
         amortization              3,113       1,388       9,338       4,209
        Stock-based
         compensation              2,598       1,750      88,334       9,125
      Change in non-cash
       working capital             5,445     225,887     (92,424)     24,999
                             ------------------------ -----------------------
                                (239,827)   (117,810)   (882,248)   (817,928)

    Financing activities:
      Issue of common shares           -      13,000           -     175,561

    Investing activities:
      Purchase of capital
       assets                       (898)     (1,464)     (3,023)    (16,933)

    Increase (decrease) in
     cash                       (240,725)   (106,274)   (885,271)   (659,300)

    Cash and cash equivalents,
     beginning of period       1,330,112   2,333,244   1,974,658   2,886,270
                             ------------------------ -----------------------
    Cash and cash
     equivalents,
     end of period           $ 1,089,387 $ 2,226,970 $ 1,089,387 $ 2,226,970
                             ------------------------ -----------------------
                             ------------------------ -----------------------
    





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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