01 Communique Announces TSX Listing Review and Provides an Operational Update

TORONTO , June 20, 2012 /CNW/ - 01 Communique (ONE.TO) announced that the Toronto Stock Exchange ("TSX") has informed the Company that the TSX is reviewing the Common Shares of the Company with respect to meeting the continued listing requirements. Specifically the TSX is reviewing the Company, under Section 710 (b) of the TSX Company Manual, with respect to having total assets of $3.0 million or annual revenue of $3.0 million in the most recent year. At the end of its last reporting period as at April 30, 2012 the Company had $2.3 million of assets. The Company has been granted 120 days in which to regain compliance with these requirements, pursuant to the Remedial Review Process.

"We will be working to remedy the situation with respect to our listing on the TSX within the 120 days allowed," said Andrew Cheung , President and CEO of 01 Communique. "Unfortunately, our most valuable asset consisting of our intellectual property and patents is not reflected on our Balance Sheet as accounting standards call for amounts spent on these assets to be expensed. To date we have invested in excess of $20 million dollars in our intellectual property which has been expensed. These are the assets that we believe will enable us to realize the true value of our Company. At the present time we are engaged in two lawsuits with respect to defending these intellectual property rights and we recently settled a third lawsuit. Below is an update on these matters."

In our lawsuit against LogMeIn Inc. (LOGM:NSDQ) the judge in the case, on April 1, 2011 , granted LogMeIn's motion for claim construction and their summary judgment motion for non-infringement. We appealed that judgment to the United States Court of Appeals for the Federal Circuit. On February 6, 2012 , a hearing was held in the appeal. Although management believes that the decision from the Court of Appeals could be received any day now, we do not know when that will occur.

In our lawsuit against Citrix Systems Inc. (CTXS:NSDQ) the judge in the case stayed proceedings pending completion of an inter partes re-examination. The Company proceeded with the re-examination and on July 6, 2010 a Right of Appeal Notice was issued confirming the patentability of the claims that were challenged by Citrix. Citrix appealed that decision to the USPTO's Board of Patent Appeals and Interferences. That appeal is in process. The Company has written to the Court requesting the case be reopened so that the stay can be lifted with the case proceeding to trial. The Company is waiting for the Court to render a decision on this request.

There can be no assurance that the Company will be able to achieve compliance with the TSX's listing requirements within the required timeframe. If the Company cannot satisfy the TSX that continued listing on the TSX is warranted, it plans to explore alternative listing possibilities.

About 01 Communique
Established in 1992, 01 Communique (ONE.TO) offers a suite of remote access services designed for small-medium sized business, mobile professionals and IT service providers. 01's software as a service offerings are deployed on-demand and include functionality enabling on-line meetings, remote computing and IT support. 01's suite of products includes its remote access offering I'm InTouch (www.imintouch.com , its online meeting offering www.imintouchmeeting.com) and its remote support offering I'm OnCall (www.imoncall.com ) products are protected in the U.S.A. by its patents #6928479 / #6938076 and in Canada by its patent #2309398. For more information, visit www.01com.com or call (905) 795-2888 or (800) 668-2185 ( North America only).