SOURCE: JUPITER Global Holdings, Corp.

March 10, 2005 10:41 ET

Jupiter Global Holdings, Corp. Announces VoIP Industry to Be Greater Opportunity Then Previously Expected for VOXBOX

LAS VEGAS, NV -- (MARKET WIRE) -- March 10, 2005 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC BB: JPHC) today notifies its shareholders that according to VoIP Industry reports and news the VoIP business is gaining in prominence and size rapidly and is therefore proving to be a greater opportunity than previously expected for its VOXBOX business.

Ray Hawkins, CEO of JUPITER, commented: "We feel it is important for our shareholders to stay well informed of trends in the industries of our holdings. Current and prospective shareholders should keep a long term thinking approach to their holdings in JUPITER as we believe VOXBOX is an excellent holding for the Company especially now with the VOIP industry making such progress. "

The following are the highlights of VoIP industry news and reports that give the Company reason for increased confidence about the opportunity VOXBOX has:

--  Insight Research has reported the global market for Internet telephony
    will reach $82 billion this year and $196.5 billion by 2007.
    
--  Vonage, the current leader in VoIP services recently announce it is
    providing 500,000 lines of services to its subscriber base. Industry
    experts have previously estimated Vonage's value at $1.5 Billion based on
    its past milestone of 200,000 subscriber lines.  JUPITER believes this
    growth of Vonage is a positive for VOXBOX as it shows the potential value
    of a large subscriber base. JUPITER furthermore believes that the
    dealership network VOXBOX is building is a great way for VOXBOX to rapidly
    acquire subscribers and therefore gain a foothold in the market and also
    possibly be an attractive takeover target.
    
--  Telecommunications analyst Jeff Kagan has been quoted as saying, "The
    telecommunications network is being reinvented. We're in the beginning of a
    10-year transformation in which the traditional phone network is going to
    give way to VoIP."
    
--  A recent article in redherring.com discussed AOL will be launching its
    VoIP service within the next month.  In that same article an AOL executive
    mentioned that they are entering VoIP for the growth potential. JUPITER
    feels that another major company entering the VoIP business adds legitimacy
    to the industry.
    
--  Nortel Networks recently announced it is moving aggressively to deploy
    VoIP services. JUPITER feels that as companies like Nortel help to build
    out better backend networks for VoIP services this will only make the VoIP
    service reliability better, translating into more potential customers ready
    to trade their phone line for a VoIP line from companies like VOXBOX.
    

Ray Prescott, CEO of VOXBOX, stated: "We have always known the VoIP industry potential was immense, but it is very apparent that the industry is maturing rapidly and developments are occurring at a faster pace than we expected. The growth of Vonage and their speculated valuation is a key telltale sign of the opportunity we have. This revelation is exciting for VOXBOX and JUPITER as it affirms not only our decision to be in the VoIP business but also our efforts to move quickly. We will continue to be aggressive with our deployment and I believe the developments in the industry are great for the future of VOXBOX and for the JUPITER shareholders."

ABOUT VOXBOX

VOXBOX is an exciting new service in the multi billion dollar VoIP market. The Company owns 50% of the VOXBOX service and expects VOXBOX to be a quality contributor for its 2005 growth plans. (www.myvoxbox.com)

VOXBOX allows you to make telephone calls using the Internet. When placing a VoIP call using a phone with a VOXBOX adapter, you'll hear a dial tone and dial just as you always have. Voice Over IP converts the voice signal from your telephone into a digital signal that travels over the Internet then converts it back at the other end so you can speak to anyone with a regular phone number.

Voice over Internet Protocol (VoIP), is a technology that allows you to make telephone calls using a broadband Internet connection instead of a regular (or analog) phone line. Further information on how VoIP works can be found at www.fcc.gov/VoIP/.

ABOUT JUPITER GLOBAL HOLDINGS CORP.

JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries such as the VoIP telecom industry, promotional marketing industry and entertainment industry. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.

Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Jupiter Global Holdings Corp. intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Jupiter Global Holdings Corp. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in Jupiter Global Holdings Corp. applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov

Please visit our website: www.jupiterglobal.net

Contact Information

  • For more information please contact:
    Jupiter Global Shareholder Services
    Phone: 1.800.963.6532
    Email Address: jphc@4fls.com