SOURCE: GoIP Global,Inc

August 04, 2009 13:22 ET

GoIP Global, Inc (GOIG) Corporate Update

NEW YORK, NY--(Marketwire - August 4, 2009) - GoIP Global, Inc. (PINKSHEETS: GOIG) further to the company's press release of May 11, 2009 where amongst other things Ike H. Sutton, CEO provided investors with management's vision for the company in 2009 and beyond. The company is providing the following update on these announcements, the strides and progress made so far to its shareholders and followers.

Ike H. Sutton, CEO, said, "Our first and foremost goal is to restore some of the eroded values of GOIG and to return some of these values to our shareholders. Over the last 60 days, both alliances announced on May 11, 2009 with Cleva Technologies, LLC and DMI Manufacturing, Inc. have been terminated. Both of these companies were in the start up phases and both needed more resources from GOIG than GOIG can afford to devote. The company intends to build shareholder value by becoming fully transparent with Pink Sheets, commencing with performing filings of its financial statements, the completion of the Adequate Disclosure documents and to seek out a suitable merger candidate for GOIG to achieve this goal. We have recently signed a consulting agreement with a corporate advisor and an investment relations (IR) company from Toronto Canada Mina Mar Group to assist us in this task. These moving forward steps will be completed in a tri phase system.

"Phase one and two will include reaching full transparency level with Pink Sheets as aforementioned with the targeted completion date of September 30, 2009. Our phase two plan of action will be for the company to conduct and to complete an evaluation and due diligence of several Asian based merger candidates currently under consideration for the merger. Our plan of action for the phase three is to have both operating subsidiaries generate revenues, provide timely reports to our shareholders of our activities, and to begin deployment of some of the technologies and systems previously announced and the technologies that are just about ready to be launched.

"In addition to the above, the company will provide its shareholders and followers an interactive web based media or ticket system with direct link to the IR who will handle all of GOIG shareholder inquiries"

Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: Those statements contained herein which are not historical are forward-looking statements, and as such, are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the Company's control, with respect to market acceptance of new technologies, or product delays in the testing and evaluation of products, and other risks, as detailed in the Company's periodic filings.

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