SOURCE: GoIP Global Inc

GoIP Global Inc

September 09, 2011 09:26 ET

GoIP Updates Shareholders on GOCOM Spinoff

NEW YORK, NY--(Marketwire - Sep 9, 2011) - GoIP Global, Inc. (PINKSHEETS: GOIG) announced today the spinoff of GOCOM is proceeding. FINRA has approved the spinoff and has made a public announcement as such. The initial FINRA announcement was unclear about the share (dividend) distribution date but has been subsequently corrected to September 30, 2011. Note all GoIP shareholders of record on July 29, 2011 will receive GOCOM shares by September 30, 2011. Shareholders holding GOIP physical certificates will receive GOCOM physical certificates, shareholders that had GOIP shares in their brokerage account on July 29, 2011 should contact their brokers after September 30, 2011 to make sure their GOCOM shares has been credited to their account. In the event a shareholder does not receive their GOCOM shares by the end of the month they should email their inquiry to ir@goipglobal.com. For more information on the spin off click on this link for our information statement which is posted on Pink Sheets:
http://www.otcmarkets.com/financialReportViewer?symbol=GOIG&id=57546

Ike H. Sutton, CEO of GoIP Global, Inc, commented, "The GOCOM spinoff will give shareholders a direct investment in two companies with distinctly different businesses and create a diversification of your investment holdings. GoIP believes that after the spinoff, management of each company will be able to concentrate its attention and financial resources on its core business. GoIP will continue to trade and GOCOM hopefully will be trading by January 2012. As mentioned in the September 1, 2011 conference call GoIP is seeking acquisitions and once the audited financials are complete, GoIP will be moving to the next step of its reorganization. Also note all shareholders questions should be sent to ir@goipglobal.com until we find a replacement for Brendan Magone."

About GoIP Global, Inc.
GoIP Global offers a range of mobile media services, solutions and tools for brands, agencies, content providers, online portals, entertainment and media companies. GoIP Global offers brand and content customers great flexibility in creating mobile marketing campaigns and applications. For more information visit www.goipglobal.com. To hear recorded GoIP updates Text GOIG to 46800 (GO800).

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may encounter delays or other difficulties in ramping-up production of our new products; the rapid development of new technology and competing products that may impair demand or render GoIP's products obsolete; and other factors discussed in GoIP's filings with the Pink Sheet Exchange.

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