$10000 Bank Deposit Reporting

/C O R R E C T I V E RELEASE issued by Tucows Inc./.

It has come to the attention of Tucows Inc., that in its press
release c4584 transmitted at 4:00 p.m. eastern on August 12, 2009, in
the
Consolidated
  
v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates

v.tr.
1. To unite into one system or whole; combine:
 Statements of Operations, interest income expense – net
and other income for the 6-month period ended June 30, 2008 were

incorrectly
  
adj.
1. Not correct; erroneous or wrong:

2. Defective; faulty:

3.
 stated. As a result, certain other line items for the same
period in the Consolidated Statements of Operations and the Consolidated
Statements of Cash Flows were incorrectly stated. Also, in the
Consolidated Statements of Operations, stock-based compensation – sales
and marketing for the 6- month period ended June 30, 2008 was
incorrectly stated. Corrected press release follows:

Tucows Inc. reports financial results for the second quarter of
2009

TORONTO
 , city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing
, Aug. 12 /PRNewswire-FirstCall/ — Tucows Inc., (
NYSE

 
AMEX

:
TCX

TCX Twin Cities Experience
TCX Trans-Compression
TCX Turbo Cad Drawing as Text
,
TSX

TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:TC) a global provider of domain names, email and other

Internet

 services, today reported its financial results for the second
quarter of 2009 ended June 30, 2009. All figures are in U.S. dollars.

“We’re pleased that the strong performance of our OpenSRS
wholesale business has contributed to another quarter of solid financial
results
amidst
  
prep.
Variant of amid.


[Middle English amiddes : amidde; see amid + -es, adverbial suffix; see -s3.]
 generally weak economic conditions,” said
Elliot

 Noss, President and
CEO

 of Tucows. “Even as our industry started to
show signs of the economic
downturn

A decline in security prices or economic activity following a period of rising or stable prices or activity.
 for the first time, our strong
competitive position allowed us to achieve year-over-year growth in
domain registrations during the quarter. Our other services are also
performing within plan, positioning us well for the remainder of the
year.”

                        Summary Financial Results
       (Numbers in Thousands of US Dollars, Except Per Share Data)
  -------------------------------------------------------------------------
               3 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended
                Jun. 30, 2009  Jun. 30, 2008  Jun. 30, 2009  Jun. 30, 2008
                  (unaudited)    (unaudited)    (unaudited)    (unaudited)
  -------------------------------------------------------------------------
  Net Revenue        $20,022        $20,450        $40,114        $39,162
  -------------------------------------------------------------------------
  Net Income           4,480          2,209          5,444          1,127
  -------------------------------------------------------------------------
  Net Income/Share      0.07           0.03           0.08           0.02
  -------------------------------------------------------------------------
  Cash Flow from
   Operations          2,591          2,580          3,504          2,697
  -------------------------------------------------------------------------


       Summary of Revenue and Cost of Revenue before Network Costs
                   (Numbers in Thousands of US Dollars)

  -------------------------------------------------------------------------
                           Revenue                  Cost of Revenue
  -------------------------------------------------------------------------
               3 Months Ended 3 Months Ended 6 Months Ended 6 Months Ended
                Jun. 30, 2009  Jun. 30, 2008  Jun. 30, 2009  Jun. 30, 2008
                  (unaudited)    (unaudited)    (unaudited)    (unaudited)
  -------------------------------------------------------------------------
  OpenSRS:
    Domain Services
    (Traditional
    Domain
    Registration)    $14,737        $13,269        $11,944         $10,505
  -------------------------------------------------------------------------
    Email Services       874          1,551            153             (24)
  -------------------------------------------------------------------------
    Other Services     1,092          1,137            411             415
  -------------------------------------------------------------------------
  -------------------------------------------------------------------------
  Total OpenSRS
   Services           16,703         15,957         12,508          10,896
  -------------------------------------------------------------------------
  YummyNames (Domain
   Portfolio
   Services)           1,456          1,873            251             181
  -------------------------------------------------------------------------
  Hover (Retail
   Services)           1,259          2,046            475             577
  -------------------------------------------------------------------------
  Butterscotch (Content
   Services)             604            574              1               6
  -------------------------------------------------------------------------
  -------------------------------------------------------------------------
  Total              $20,022        $20,450        $13,235         $11,660
  -------------------------------------------------------------------------


Net revenue for the second quarter of 2009 was $20.0 million
compared with $20.5 million for the second quarter of 2008. Net income
for the second quarter of 2009 was $4.5 million, or $0.07 per share,
compared with $2.2 million, or $0.03 per share, for the second quarter
of 2008. Net income for the second quarter of 2009 benefitted from other
income of $2.0 million related to the sale of the Company’s equity
stake in
Afilias

 and $0.6 million related to patents that the Company

assigned
  
tr.v. as·signed, as·sign·ing, as·signs
1. To set apart for a particular purpose; designate:

2.
 to a third party that continues to commercialize them, while
net income for the second quarter of 2008 benefited from other income of
$1.5 million related to the sale of the Company’s retail hosting
assets. Net income for the second quarter of 2009 also benefited from a
gain on foreign exchange of $1.6 million (
inclusive of

prep.
Taking into consideration or account; including.
 a mark to market
gain of $1.9 million) compared to a gain on foreign exchange of $0.2
million (inclusive of a mark to market gain of $0.2 million) for the
second quarter of 2008. The benefits for the second quarter in 2009 were
partially offset by a provision for current income taxes of $0.8
million, before recognizing a
refundable

 research and development tax
credit in
Canada
 , independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of
 of $0.2 million.

Deferred revenue at the end the second quarter of fiscal 2009 was
$56.9 million, an increase of 4.6% from $54.4 million at the end of the
second quarter of fiscal 2008 and a slight increase from $56.7 million
at the end of the first quarter of fiscal 2009.

Cash and cash equivalents at the end of the second quarter of
fiscal 2009 was $7.4 million compared with $2.9 million at the end of
the second quarter of fiscal 2008 and $4.0 million at the end of the
first quarter of fiscal 2009. This increase in cash compared with the
first quarter of 2009 is primarily the result of the generation of
cash
flow from operations

 of $2.6 million and the receipt of an additional
$2.1 million payment from the sale of the Company’s equity stake in
Afilias last year, which were partially offset by the
repayment

 of $1.2
million of the Company’s bank loan.

Conference Call

Tucows will host a conference call tomorrow,
Thursday
 see week.
, August 13,
2009 at 5:00 p.m. ET to discuss the Company’s second quarter fiscal
2009 results. To access the conference call via the Internet, go to
http://tucowsinc.com/investors.

For those unable to participate in the conference call at the

scheduled time

, it will be archived for replay both by telephone and via
the Internet beginning
approximately
  
adj.
1. Almost exact or correct:

2.
 one hour following completion of
the call. To access the archived conference call by telephone, dial
416-640-1917 or 1-877-289-8525 and enter the pass code 21311901 followed
by the pound key. The telephone replay will be available until Thursday,
August 20, 2009 at midnight. To access the archived conference call as
an MP3 via the Internet, go to http://tucowsinc.com/investors.

About Tucows

Tucows is a global Internet services company. OpenSRS manages over
8 million domain names and millions of email boxes through a
reseller

 network of over 9,000 web hosts and ISPs.
Hover

 is the easiest way for
individuals and small businesses to manage their domain names and email
addresses. YummyNames owns premium domain names that generate revenue
through advertising or
resale
 n. selling again, particularly at retail. In many states a “resale license” or “resale number” is required so that the state can monitor the collection of sales tax on retail sales.


RESALE.
.
Butterscotch
  
n.
1. A syrup, sauce, candy, or flavoring made by melting butter and brown sugar together.

2. A golden or tawny brown.
.com is an online video
network building on the foundation of Tucows.com. More information can
be found at http://tucowsinc.com/.

This news release contains, in addition to historical information,
forward-looking statements related to such matters as our business,
including statements regarding the expected
expiration date

, the number
of shares to be purchased and the purchase price per share. Such
statements are based on management’s current expectations and are
subject to a number of uncertainties and risks, which could cause actual
results to differ materially from those described in the forward-looking
statements. Information about potential factors that could affect
Tucows’ business, results of operations and financial condition is
included in the Risk Factors sections of Tucows’ filings with the
Securities and Exchange Commission. All forward-looking statements
included in this document are based on information available to Tucows
as of the date of this document, and Tucows assumes no obligation to
update such forward-looking statements.

TUCOWS is a registered trademark of Tucows Inc. or its
subsidiaries. All other trademarks and service marks are the properties
of their respective owners.

                               Tucows Inc.
                       Consolidated Balance Sheets
                     (Dollar amounts in U.S. dollars)

                                                  June 30      December 31,
                                                   2009            2008
                                              -------------   -------------
                                               (unaudited)     (unaudited)

  Assets

  Current assets:
    Cash and cash equivalents                 $ 7,423,056     $ 5,427,467
    Accounts receivable                         3,464,428       3,200,362
    Prepaid expenses and deposits               3,163,266       2,274,043
    Derivative instrument assets                   49,245               -
    Prepaid domain name registry and ancillary
     services fees, current portion            31,494,579      29,212,610
    Deferred tax asset, current portion           590,000         590,000
                                              -------------   -------------
  Total current assets                         46,184,574      40,704,482

  Prepaid domain name registry and ancillary
   services fees, long-term portion            12,195,903      11,855,971
  Property and equipment                        2,354,702       3,072,958
  Deferred financing charges                       58,400          78,500
  Deferred tax asset, long-term portion         2,410,000       2,410,000
  Intangible assets                            19,431,471      20,206,996
  Goodwill                                     17,990,807      17,990,807
  Investment                                      100,000         200,000
                                              -------------   -------------
  Total assets                              $ 100,725,857    $ 96,519,714
                                              -------------   -------------
                                              -------------   -------------


  Liabilities and Stockholders' Equity

  Current liabilities:
    Accounts payable                          $ 2,257,992     $ 1,633,830
    Accrued liabilities                         2,003,789       2,000,146
    Customer deposits                           3,171,708       3,319,241
    Derivative instrument liabilities                   -       1,974,919
    Loan payable, current portion               3,114,242       2,624,242
    Deferred revenue, current portion          40,508,091      37,985,821
    Accreditation fees payable, current portion   553,447         510,548
    Income taxes payable                          835,398               -
                                              -------------   -------------
      Total current liabilities                52,444,667      50,048,747

  Deferred revenue, long-term portion          16,392,525      16,201,804
  Accreditation fees payable, long-term portion   188,780         187,374
  Loan payable, long-term portion               1,063,004       3,235,125
  Deferred tax liability, long-term portion     5,396,000       5,396,000

  Stockholders' equity:
    Preferred stock - no par value, 1,250,000
     shares authorized; none issued and
     outstanding                                        -               -
    Common stock - no par value, 250,000,000
     shares authorized; 68,969,320 shares
     issued and outstanding at June 30, 2009
     and 73,073,782 shares issued and
     outstanding at December 31, 2008          14,408,078      15,198,358
    Additional paid-in capital                 47,851,137      48,714,676
    Deficit                                   (37,018,334)    (42,462,370)
                                              -------------   -------------
      Total stockholders' equity               25,240,881      21,450,664
                                              -------------   -------------
  Total liabilities and stockholders'
   equity                                   $ 100,725,857    $ 96,519,714
                                              -------------   -------------
                                              -------------   -------------


                               Tucows Inc.
                  Consolidated Statements of Operations
                     (Dollar amounts in U.S. dollars)

                      Three months ended June 30, Six months ended June 30,
                            2009         2008         2009         2008
                      ------------- ------------ ------------ -------------
                               (unaudited)               (unaudited)

  Net revenues         $ 20,022,119 $ 20,450,329 $ 40,113,543 $ 39,161,536

  Cost of revenues:
    Cost of revenues
     (*)               14,386,048   13,663,097   28,171,446   26,813,029
    Depreciation of
     property and
     equipment              488,680      816,260      941,389    1,642,097
    Amortization of
     intangible assets       29,199       31,941       58,398      105,398
                      ------------- ------------ ------------ -------------
      Total cost of
       revenues          14,903,927   14,511,298   29,171,233   28,560,524
                      ------------- ------------ ------------ -------------

  Gross profit            5,118,192    5,939,031   10,942,310   10,601,012

  Expenses:
    Sales and
     marketing (*)      1,339,167    1,730,736    2,692,343    3,426,868
    Technical
     operations and
     development (*)    1,175,355    1,573,741    2,279,494    3,139,595
    General and
     administrative (*) 1,592,325    1,551,858    3,462,221    3,091,290
    Depreciation of
     property and
     equipment               79,227       58,861      165,632      119,931
    Amortization of
     intangible assets      360,540      376,954      721,080      762,115
    (Gain)/loss in
      fair value of
      forward exchange
      contracts          (1,938,821)    (225,640)  (2,024,164)      29,793
                      ------------- ------------ ------------ -------------
      Total expenses      2,607,793    5,066,510    7,296,606   10,569,592
                      ------------- ------------ ------------ -------------

  Income from
   operations             2,510,399      872,521    3,645,704       31,420

  Other income
   (expenses):
    Interest income
     (expense), net         (62,334)    (166,421)    (125,796)    (376,405)
    Other income          2,613,204    1,532,765    2,613,204    1,532,765
                      ------------- ------------ ------------ -------------
      Total other
       income (expenses)  2,550,870    1,366,344    2,487,408    1,156,360
                      ------------- ------------ ------------ -------------

  Income before
   provision for
   income taxes           5,061,269    2,238,865    6,133,112    1,187,780

  Income tax expense        581,651       30,000      689,076       61,134
                      ------------- ------------ ------------ -------------
  Net income for
   the period           $ 4,479,618  $ 2,208,865  $ 5,444,036    1,126,646
                      ------------- ------------ ------------ -------------
                      ------------- ------------ ------------ -------------


  Basic earnings per
   common share         $      0.08  $      0.03  $      0.08         0.02
                      ------------- ------------ ------------ -------------
                      ------------- ------------ ------------ -------------

  Shares used in
   computing basic
   earnings per common
   share                 68,923,313   73,899,695   70,778,950   73,894,119
                      ------------- ------------ ------------ -------------
                      ------------- ------------ ------------ -------------

  Diluted earnings
   per common share     $      0.07   $     0.03   $     0.08         0.01
                      ------------- ------------ ------------ -------------
                      ------------- ------------ ------------ -------------

  Shares used in
   computing diluted
   earnings per
   common share          69,092,946   75,348,108   70,785,712   75,439,926
                      ------------- ------------ ------------ -------------
                      ------------- ------------ ------------ -------------


  (*) Stock-based
   compensation has
   been included in
   expenses as follows:
    Cost of revenues    $     3,367   $    4,800   $    8,367        9,100
    Sales and marketing $    15,057   $   13,000   $   29,957       31,300
    Technical
     operations and
     development        $    11,121   $    8,000   $   21,721       28,700
    General and
     administrative     $    53,193   $   47,200   $   71,893       76,100



                               Tucows Inc.
                  Consolidated Statements of Operations
                     (Dollar amounts in U.S. dollars)

                      Three months ended June 30, Six months ended June 30,
                            2009         2008         2009         2008
                      ------------- ------------ ------------ -------------
  Cash provided by            (unaudited)               (unaudited)
   (used in):
  Operating activities:
    Net income for
     the period         $ 4,479,618  $ 2,208,865  $ 5,444,036  $ 1,126,646
    Items not involving
     cash:
      Depreciation
       of property
       and equipment        567,907      875,121    1,107,021    1,762,028
      Amortization of
       deferred
       financing charges      9,700       12,700       20,100       26,200
      Amortization of
       intangible assets    389,739      408,895      779,478      867,513
      Gain on disposal
       of investment
       in Afilias        (2,010,395)           -   (2,010,395)           -
      Gain on sale of
       customer
       relationships              -   (1,121,065)           -   (1,121,065)
      Disposal of
       domain names             974            -        1,947            -
      Unrealized
       (gain)/loss in
       the fair value
       of forward
       contracts         (1,938,821)    (225,640)  (2,024,164)      29,793
      Stock-based
       compensation          82,738       73,000      131,938      145,200
    Change in non-cash
     operating working
     capital:
      Accounts
       receivable           252,927      350,043     (264,066)     283,923
      Prepaid expenses
       and deposits        (310,655)    (244,926)    (889,223)    (105,237)
      Prepaid fees for
       domain name
       registry and
       ancillary
       services fees       (496,502)  (1,176,196)  (2,621,901)  (3,706,797)
      Accounts payable      561,228      682,896      380,407      249,069
      Accrued liabilities  (125,130)    (159,226)       3,643     (691,064)
      Customer deposits     161,969      119,589     (147,533)      18,999
      Deferred revenue      249,615      798,720    2,712,991    3,777,654
      Accreditation fees
       payable              (34,302)     (22,696)      44,305       34,120
      Income taxes payable  750,216            -      835,398            -
                      ------------- ------------ ------------ -------------
    Net cash provided
     by operating
     activities           2,590,826    2,580,080    3,503,982    2,696,982
                      ------------- ------------ ------------ -------------

  Financing activities:
    Proceeds received
     on exercise of
     stock options           25,422        9,450       25,422        9,450
    Repurchase of
     common stock                 -            -   (1,811,179)           -
    Repayment of loan
     payable             (1,203,560)  (7,478,560)  (1,682,121)  (7,957,120)
                      ------------- ------------ ------------ -------------
    Net cash used in
     financing
     activities          (1,178,138)  (7,469,110)  (3,467,878)  (7,947,670)
                      ------------- ------------ ------------ -------------

  Investing activities:
    Cost of domain names
     acquired                     -       (2,524)      (5,900)      (8,944)
    Additions to property
     and equipment         (102,770)  (1,084,209)    (145,010)  (1,295,740)
    Sale of customer
     relationships                -    1,421,730            -    1,421,730
    Proceeds on disposal
     of investment in
     Afilias              2,110,395            -    2,110,395            -
    Decrease in cash
     held in escrow               -       (5,366)           -      (12,765)
                      ------------- ------------ ------------ -------------
    Net cash provided
     by investing
     activities           2,007,625      329,631    1,959,485      104,281
                      ------------- ------------ ------------ -------------

  Increase (decrease)
   in cash and cash
  Increase (decrease)
   in cash and cash
   equivalents            3,420,313   (4,559,399)   1,995,589   (5,146,407)
  Cash and cash
   equivalents,
   beginning of period    4,002,743    7,506,468    5,427,467    8,093,476
                      ------------- ------------ ------------ -------------
  Cash and cash
   equivalents, end
   equivalents, end
   of period            $ 7,423,056  $ 2,947,069  $ 7,423,056  $ 2,947,069
                      ------------- ------------ ------------ -------------
                      ------------- ------------ ------------ -------------

  Supplemental cash
   flow information:
    Interest paid       $    62,508  $  192,900   $   128,029  $   452,237

  Supplementary
   disclosure of
   non-cash investing
   activity:
    Property and
     equipment acquired
     during the period
     not yet paid for   $   250,734  $  663,767   $   250,734  $   663,767

CONTACT:
Lawrence

1 City (1990 pop. 26,763), Marion co., central Ind., a residential suburb of Indianapolis, on the West Fork of the White River. It has light manufacturing.

2 City (1990 pop. 65,608), seat of Douglas co., NE Kans.
 Chamberlain, The Equicom Group for Tucows Inc.,
(416) 815-0700 ext. 257, lchamberlain@equicomgroup.com