SOURCE: IPtimize, Inc.

November 16, 2007 18:32 ET

IPtimize Announces Termination of Merger Agreement

DENVER, CO--(Marketwire - November 16, 2007) - IPtimize, Inc. (PINKSHEETS: IPZI) ("IPtimize" or the "Company"), a broadband voice and data service provider, announced today that the Company and the Company's wholly-owned subsidiary, IP Solutions, Inc. ("IP Solutions"), a Colorado corporation, have terminated the Agreement and Plan of Merger with WTI, L.L.C., a Washington limited liability company ("WTI"), that the parties previously executed on August 31, 2007 (the "Agreement"). Pursuant to the terms of the Agreement, WTI will retain the $250,000 earnest money deposit that IPtimize had previously paid.

The board decided to terminate the WTI acquisition to pursue immediate business opportunities with cable TV operators. "We are extremely excited about launching into the cable TV industry," stated IPtimize President Clint Wilson. "Our unique technology will enable us to serve commercial and residential cable customers and position us as a valued partner to cable TV operators," added Mr. Wilson. More information on the Company's cable TV industry initiative will be provided in the coming weeks.

About IPtimize, Inc.

IPtimize is a Denver-based broadband voice and data service provider that provides a simplified, best of breed and cost-effective turnkey solution to small and medium businesses (SMBs) and select industry channels. IPtimize distinguishes itself from both conventional Telco's and discount Voice over Internet Protocol (VoIP) retailers by delivering managed, business grade service -- agnostic of broadband provider or equipment. The Company possesses a portfolio of VoIP-based communications solutions -- including Hosted VoIP (Voice Pilot(SM)), Telephone Line Replacement (VoIP Connect(SM)) and VoIP business communication systems -- that help customers improve productivity, reduce costs and minimize risks. Please visit:


This news release contains forward-looking statements, including statements that include the words "believes," "expects," "anticipate," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Factors that may affect these forward-looking statements include, among others, our ability to raise capital, the decisions of third parties over which we have no control, the state of the telecommunications industry, technological changes and other factors set forth from time to time in our public statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date of this news release.

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