SOURCE: InteleCom, Inc.

December 19, 2007 10:30 ET

InteleCom, Inc. Signs Joint Venture With Major Chinese Companies to Market InteleCom Products and Services in China

INDIANAPOLIS, IN--(Marketwire - December 19, 2007) - InteleCom, Inc. (PINKSHEETS: IECM) is pleased to announce that the Company has executed a Sino-Foreign Equity Joint Venture Agreement with two major companies in China, Panda International Information Technology Co. Ltd. and Shanghai NIU Telecom Ltd. The two companies will focus on the marketing of InteleCom's products and services through their sales and distribution channels to a potential market that includes all Internet, landline and mobile phone subscribers in China, comprising over 1 Billion combined subscribers.

Panda International Information Technology Co. Ltd. is a subsidiary of Panda Electronics Group Company, Ltd. Founded in 1936, "Panda" is the most recognizable trademark in China's electronics industry and was the first Chinese company to enter the international electronics market.

Shanghai NIU Telecom Ltd. is a subsidiary of KD Ontime Holdings Corp. Ltd., a telecom service provider established in 1998. KD Ontime provides VoIP service and VoIP technology support services to customers in China, Japan, Canada, UK, Australia, Hong Kong, Singapore, Russia, South Korea, Taiwan and the U.S.

InteleCom, through its brand name InteleFone, provides global Internet phone service (VoIP) for pennies a minute to customers anywhere in the world with any type of Internet connection, including dial-up.

"Together the companies form a formidable marketing team in China where there are 170 million Internet users, 372 million landlines, and 508 million mobile phone users. All of these subscribers are potential VoIP customers through InteleCom's remote calling feature," stated John A. Roberts, Jr., CEO and Chairman of InteleCom, Inc.

For more information about Panda, please visit For more information about KD Ontime, please visit

InteleCom previously announced that the Company has signed a distribution agreement with TechnoPlanet Productions to market InteleCom's Internet phones and service through TechnoPlanet's 20,000 Canadian, 35,000 US, and 45,000 International computer, electronics and Internet orientated Value Added Resellers (VARS).

About InteleCom, Inc.:

InteleCom, Inc. has provided and marketed universally desirable, highly competitive telecommunication and Internet products and services worldwide since 1997. InteleCom's Internet phone service branded InteleFone is rated at the highest level for voice quality and clarity because the voice compression is processed through DSP chips located in the Internet phones and adapters. InteleCom's all encompassing vertically integrated VoIP service enterprise has entered the marketplace as a major global force and already has distributors and customers in over 120 countries around the world.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbor protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

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