SOURCE: Luvoo.com

August 07, 2006 06:00 ET

Luvoo.com to Launch New Global Peer to Peer Voice Over IP and Web Cam Over IP Member Service

IP Service Is Unique to Online Dating Industry and Is Designed to Capture Significant Market Share From Major Competitors

TUJUNGA, CA -- (MARKET WIRE) -- August 7, 2006 -- Luvoo.com (PINKSHEETS: LVTI), a growing online dating company, is pleased to announce they are nearly complete with their new global peer to peer Voice over IP and Web cam over IP service. This new service is anticipated to be completed by September 1, 2006 and will be available for member use in the following month. This new service is unique to the online dating industry, will be heavily marketed and is anticipated to capture significant market share from major competitors.

The new IP software is Windows-based, easy to use and will allow members the ability to view or chat with each other LIVE in real time without exposing critical personal information or paying phone charges.

L. Yvonne Vanhoek, President of Luvoo.com, stated, "Our new global peer to peer Voice over IP and Web cam over IP service will be a valuable addition to our online dating website. We continue to push the envelope with new services and position Luvoo.com as the premier online dating website. Subscriber rates are continuing to climb as we enter new countries." Mrs. Yvonne Vanhoek further stated, "Our new IP service will enable our valued members the ability to increase their chance of finding and connecting with their special love or friend anywhere in the world."

Unlike many industries, Luvoo.com's financial model is based on month-over-month residual revenue from online dating subscribers. Currently, over 60 million Americans are single and could use online dating services. Numbers are greatly larger when factoring in the global online dating experience. Most of these services charge a monthly fee ranging from $12.99 to $29.95. Luvoo.com is FREE for a limited time only. Management projects accelerated residual revenue to follow there after.

For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at: www.luvoo.com.

About Luvoo.com:

Luvoo.com (PINKSHEETS: LVTI) is a US corporation which is aggressively gaining market share in the on-line dating industry. The company's strategy for growth is through celebrity endorsement, aggressive large-scale advertising, affiliate business opportunities and patent pending concepts and technology such as "The Luvoo Dating Card," "Verified Member" and "Instant Notifier."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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