euNetworks group reports 42% rise in Q1 2009 Revenue Q1 results for euNetworks

Continued strong growth in revenue, long-term contracts and EBIDTA profitability

Singapore, ASIA – 14 May 2009 – euNetworks Group Limited, foremost provider of mission-critical, high-performance networking solutions, announced exceptionally strong growth in recurring revenues, improved EBIDTA and significant business events.

Noel Meaney, Executive Chairman, commented: “The first quarter of 2009, and since, has become a major watershed for euNetworks. We have achieved a number of significant milestones which transformed the Company to a robust, financially lean organisation with a solid shareholder base and new key management. Allied to this we have increased revenues by 42% in a somewhat difficult economic climate, and furthermore improved significantly our EBIDTA position to breakeven”.

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