SOURCE: VoIPMDU.COM

September 21, 2006 15:10 ET

VoIPMDU.COM Changes Name to VoIP-PAL.COM, Symbol: VPLM and Appoints New Director of Marketing to Develop Its Billing Platform, VoIP-PAL

VANCOUVER, BC -- (MARKET WIRE) -- September 21, 2006 -- VoIPMDU.COM (www.voipmdu.com) today announced that it has changed its name to VoIP-PAL.COM Inc. and its corresponding stock symbol from (PINKSHEETS: VPMD) to (PINKSHEETS: VPLM) in order to more accurately reflect the business activities of the Company.

The Company has recently completed its restructuring process with the cancellation of 4,000,000 shares (See Press Release dated March 24th, 2006.) which effectively changes the total number of issued and outstanding shares to 39,908,400. The total number of authorized shares now stands at 50,000,000.

VoIP-PAL.COM has also appointed Jerry Philip, former Vice President and co-founder of Points.com to direct the Company's marketing efforts of its VoIP-PAL billing platform for VoIP products and long distance discount plans. "With the vast market available to VoIP-PAL in the points and air mile loyalty industry, I am every excited about the opportunity to co-develop the transactional platforms with VoIP-PAL Inc.," Jerry Philip stated.

The Company will be announcing a joint venture agreement as a reseller for a major VoIP retailer very shortly. VoIP-PAL's website is currently being revised to reflect these developments with its new joint venture partners and its VoIP technology products. Investors are encouraged to utilize the new Level 2 Quote Service now offered at no cost by Pink Sheets (www.pinksheets.com) for fast and accurate quotes.

VoIP-PAL.COM is a broadband VoIP telecom company offering local and long distance VoIP services to consumers, and business owners. The Company offers turnkey solutions for all of its voice/video/data applications. For more information, please contact Richard Kipping at (604) 495-5844.

Safe Harbor:

This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended with respect to achieving corporate objectives, developing additional project interests, the Company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements herein.

Contact Information

  • Contact:
    Richard Kipping
    (604) 495-5844