3P Networks, Inc.

3P Networks, Inc.

January 18, 2007 09:15 ET

3P Networks, Inc. Signs US $12M Funding Agreement

NEW YORK, NEW YORK and ZURICH, SWITZERLAND--(CCNMatthews - Jan. 18, 2007) - 3P Networks, Inc. (PINK SHEETS:TPNW) announced today they have signed a US $12M private placement of common shares agreement with Swiss firm Eclipsar Group Corp. Ltd. The company will use the US $12M equity financing to accelerate the company's business plan, analyze potential acquisitions and prepare the company for listing on the NASDAQ Small Cap and the London AIM Exchange.

Chris Farnworth, 3P Networks, Inc. CEO stated, "This funding will enable the company to pursue our growth plans and acquisition strategy at an accelerated rate. The private placement is expected to close by February 28, 2007."

About Eclipsar

Eclipsar is a private fund based in Zurich, Switzerland, providing emerging growth companies with capital for expansion and acquisition opportunities.

About 3P Networks

3P Networks www.3pnetworks.com is an emerging global provider of integrated telecommunications services offering (4P) Quadruple Play services. Among their services are High Definition (HD) Digital and IPTV Television, Voice, Fixed and Wireless Data/Internet Access deployed on an IP-based network platform, at significantly lower costs than competitors. 3P Networks offers complete end-to-end communications solution services to multi-unit environments such as hotels, resorts, condominiums, planned communities and healthcare suites, where bundled subscribers can have significant savings compared to traditional providers. The building-centric model achieves economies of scale within each property that allow 3P Networks to offer multiple services to customers at an infrastructure cost and monthly price point that cannot be offered in other environments.

Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of 3P Networks Inc. ("the Company"), or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its plan of operations when needed; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

Contact Information