C2 Global Technologies Inc.
OTC Bulletin Board : COBT

C2 Global Technologies Inc.

March 20, 2006 16:00 ET

C2 Global Technologies Inc. Ends Litigation With ITXC Corp.

TORONTO, ONTARIO--(CCNMatthews - March 20, 2006) - C2 Global Technologies Inc. ("C2", formerly Acceris Communications Inc.) (OTCBB:COBT) announced today that the patent litigation between C2 and ITXC Corp. had, by mutual consent, been withdrawn. C2 concluded, based upon information suggesting that the nature and magnitude of the business being conducted through the network at issue do not justify the litigation from an economic standpoint, that it would not be fiscally prudent or beneficial to continue this litigation.

"The termination of this litigation will allow C2 to pursue other options to realize value from its intellectual property" said Allan Silber, C2's Chairman & CEO.

About C2 Global Technologies

C2 Global Technologies inc. ("C2") is focused on licensing its patents, which include two foundational patents in Voice over Internet Protocol ("VoIP"). C2 plans to realize value from its intellectual property by offering licenses to service providers, equipment companies and end-users that are deploying VoIP networks for phone-to-phone communications. For further information, visit C2's website at www.c-2technologies.com.

Forward-Looking Statements

This release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended, that are based on management's exercise of business judgment as well as assumptions made by and information currently available to management. When used in this document, the words "may," "will," "anticipate," "believe," "estimate," "expect," "intend" and words of similar import, are intended to identify any forward-looking statements. You should not place undue reliance on these forward-looking statements. These statements reflect our current view of future events and are subject to certain risks and uncertainties as noted in our securities and other regulatory filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, our actual results could differ materially from those anticipated in these forward-looking statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

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