SOURCE: iPackets International, Inc.

October 10, 2006 09:45 ET

iPackets Creates Management and Technical Committees for Joint Venture in China

VANCOUVER, BC -- (MARKET WIRE) -- October 10, 2006 -- iPackets International, Inc. ("iPackets") (PINKSHEETS: IPKL), a global developer and provider of wireless and communications solutions for the mine-safety industry, announced today that it has created management and technical committees to guide its Chinese Joint Venture in the initial phases of operation, manufacturing, sales, marketing, and national product certification.

The management committee will be comprised of Naiel P. Kanno, President and CEO of iPackets; Sun Yulin, Chairman of Henan YongAn Investment Guarantee Co.; and Liu Wenge, Acting Director of the Energy and Safety Division of the China Coal Information Institute.

The technical committee will be comprised of Kouros Goodarzi, Vice President of Engineering at iPackets; Ara Bedrossian, iPackets Chief Technology Officer; Liu Minchao, Senior Engineer at YongAn; and Liu Zhiwen, CCII's Senior Technical Engineer.

"With the establishment of the two committees, our joint venture partners will have the ability to dedicate tasks and responsibilities, and above all show accountability," said Kanno. "We are very excited about the formation of these committees, and we intend to keep our stockholders well informed about the progress of the joint venture by sharing all major milestones accomplished."

About the Mining and Mine Safety Industries in China

China comprises more than 280,000 mining enterprises, of which 80,000 are state-owned, and of the more than 25,000 state-owned coal mines in China, more than 700 are classified as large mines. Mine safety has been a major issue in the Chinese mining industry, with more than 6,000 miners killed in mining-related accidents in China last year; independent estimates say the real figure could be as high as 20,000. According to Chinese government statistics, more than 12.2 million people were employed as miners in 2005, and approximately 7.0 million of these were coal miners.

About China Coal Information Institute

Established in 1959 by the Chinese government, China Coal Information Institute is a national research organization with more than 800 employees. CCII is part of the newly established National Institute for Occupational Safety and has played a leading role in the development of China's domestic coal industry and related occupational safety standards. As the strongest segment of the CCII, the Energy and Safety Division provides information support and strategic suggestions to government authorities; undertakes market investigations; and provides consulting services to Chinese and international companies to expand their business in the areas of energy, safety, environment, and information technology. For more information, please visit www.coalinfo.net.cn/english.htm.

About Henan YongAn Investment Guarantee Co., Ltd.

YongAn is one of the first investment guarantee companies to be approved by the Chinese National Development and Reform Commission. With more than 55 employees, YongAn's business scope is finance, investment guarantee, debenture guarantee, financial services and consultation related to investments in small- to medium-sized enterprises.

About iPackets International, Inc. and iPMine

iPackets International is a developer and provider of wireless communications solutions for the global mine-safety industry. iPMine, the company's flagship product designed to significantly improve the safety of miners and equipment, is a real-time two-way wireless communications solution that tracks, monitors, and communicates with miners and equipment underground and above ground. With iPMine, location information of both miners and equipment is collected and displayed in real time on one or more monitoring stations against a background of a mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. Its redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment. For more information, please visit www.ipackets.com.

Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.

Contact Information

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