SOURCE: VOIP5000, Inc.

July 31, 2006 05:00 ET

Click to Call Growth Accelerating Worldwide

PROVIDENCE, RI -- (MARKET WIRE) -- July 31, 2006 -- VOIP5000, Inc. (PINKSHEETS: VPFV) (FRANKFURT: VQC.F) today announced that it sees growth accelerating in the demand for Click to Call services worldwide. "Our CLIXME subsidiary is being flooded with calls from website owners in countries all over the world inquiring about how they can get CLIXME on their websites," said CEO Fotis Georgiadis. "We see the number of requests accelerating month over month," he continued.

Anthony Noto at Goldman Sachs, stated in his report (http://customer.talkpoint.com/gold006/052406a_cs/pdf/gold.pdf ) that ''local merchants value a phone call much more highly than a visit to a web site.'' His research also found that conversion rates from a call are in the 56%-75% range. Compared to conversion rates in the 1%-3% range for normal web traffic, these statistics re-enforce the fact that Click to Call ''could be the killer application for online local advertising,'' according to Noto. Mr. Noto was not commenting on our CLIXME service in particular.

The company's CLIXME service provides a Click to Call platform for websites to communicate with their customers using land-line telephones. It is public knowledge that the Click to Call platform Google intends to launch is provided purely through its adsense program (see http://www.google.com/help/faq_clicktocall.html). This means that businesses wishing to use Google's service are forced to use Google's advertising program. Even worse, the service only works when their visitors see their ads on Google searches. ''People have asked us to compare ourselves to the Google service several times,'' said Fotis Georgiadis. He continued, ''It's not the same thing, CLIXME is always available on your company's website it doesn't get turned off with your Google ads. By providing the service at the website level, the vendor provides the benefit to all customers visiting the site, no matter what advertising method delivered them to the site."

A recent interview about CLIXME with CTO Alex Goulis can be found at http://www.macreport.net/featured/VPFV/company.asp

VOIP MARKET COULD BE WORTH OVER $300 BILLION

A recent eMarketer study (http://www.betadot.com/news/2006/175/voip-grows-2.html ) stated the market value will crest at $300 billion. With companies like Skype reaching over 100 million VOIP users (http://www.msnbc.msn.com/id/12528962/wid/11915829 /), it is becoming clear why this industry is getting so much attention. Skype just recently agreed to pay around $27 million in stock for Sonorit Holding SA, a provider of voice technology for the Internet. ''The landscape is forming quickly, and the larger players are coming in to swallow the niche technologies,'' said Mr. Georgiadis.

About VOIP5000, Inc.: http://www.voip5000.com

Note: All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results to differ materially from such statements, including, without limitation: (i) competition, (ii) fluctuations in demand and supply of our target markets, including Internet based telephone operations (iii) risks associated with new business ventures. Investors are advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.

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