C2 Global Technologies Inc. reported financial results for the third quarter and nine months ended September 30, 2009. The Company had a net loss of $0.1 million or $0.01 per common share, basic and diluted, for the third quarter of 2009, compared to net income of $4.0 million or $0.18 per common share, basic and diluted, for the third quarter of 2008. For the third quarter of 2009 the Company's revenue from continuing operations was $1.9 million, compared to $9.5 million for the third quarter of 2008. The 2009 revenue was earned by the Company's subsidiary, Counsel RB Capital, LLC, which commenced operations in the second quarter of 2009, and in which the Company holds a 75% interest. Operating income for the quarter was $54,000 and loss from continuing operations of $57,000 against operating income of $3,086,000 and income from continuing operations of $4,015,000, reported a year ago. For the nine months ended September 30, 2009, the company had a net loss of $0.4 million compared to net income of $6.1 million for the nine months ended September 30, 2008. The net loss per common share for the nine months ended September 30, 2009 was $0.02, basic and diluted, compared to net earnings per share of $0.27, basic and diluted, for the nine months ended September 30, 2008. The Company's operating revenue from continuing operations for the nine months ended September 30, 2009 was $6.0 million, as compared to $17.6 million for the nine months ended September 30, 2008. $5.0 million of the 2009 revenue was earned by Counsel RB, and the remaining $1.0 million was from a license agreement that the company entered into in June 2009 with respect to the company's intellectual property. Operating income for the quarter was $251,000 and loss from continuing operations of $330,000 against operating income of $6,153,000 and income from continuing operations of $6,121,000, reported a year ago.

C2 Global Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company has reported net income of $112,000 or $0.01 per common share on total turnover of $4,052,000 against net income of $305,000 or $0.01 per common share on total turnover of $1,900,000 for the same period a year ago. Operating income was $83,000 against $307,000 for the same period a year ago. Income from continuing operations before the undernoted was $41,000 against $312,000 for the same period a year ago. Income from continuing operations was $106,000 against $311,000 for the same period a year ago. For the six months, the company has reported net loss of $230,000 or $0.01 per common share on total turnover of $4,052,000 against net income of $2,100,000 or $0.09 per common share on total turnover of $8,125,000 for the same period a year ago. Operating loss was $305,000 against income of $3,067,000 for the same period a year ago. Loss from continuing operations before the undernoted was $346,000 against income of $3,029,000 for the same period a year ago. Loss from continuing operations was $273,000 against income of $2,106,000 for the same period a year ago.

C2 Global Technologies Inc. has entered into a license agreement for its Korean patents covering Voice over Internet Protocol technology. The license covers C2's two existing patents in the Republic of Korea and any patents that issue from those patents. The license represents a breakthrough as it is the first license that C2 has negotiated for its foreign patents. C2 also holds VoIP patents in Australia, Canada, China and Europe and intends to pursue licenses in those jurisdictions. In addition to an initial upfront payment, C2 will receive 50% of the net proceeds from the enforcement of the patents, whether by sub-licensing or litigation, during the term of the agreement. Beginning in the third year of the agreement, C2 is entitled to receive predetermined minimum amounts. Additional payments are required if the licensee itself provides telecommunications services utilizing the patents.