SOURCE: Aurelius Consulting Group, Inc.

June 22, 2006 08:30 ET

RedChip Visibility Issues Update on Innofone.com Inc. (INFN) and Raises Twelve Month Price Target to $4.42

ORLANDO, FL -- (MARKET WIRE) -- June 22, 2006 -- RedChip Visibility, a division of RedChip Companies, has issued an update on Innofone.com Inc. (OTCBB: INFN).

We are raising our price target for INFN based on recent developments within the Company. INFN acquired two cutting-edge technology companies, Mobile Technology Group (MTG) and Info Weapons, which are expected to add $20 million to 2007 revenue. The Company has also secured $50 million in an equity swap which will be used to support additional growth. Based on the new developments, we are increasing our fiscal 2007 revenue projections to $28.75 million from $19 million, and we are raising our twelve month target price to $4.42.

About Innofone.com Inc.

Innofone.com Inc. (OTCBB: INFN), and its wholly owned subsidiary, IPv6 Summit Inc., focuses exclusively on Internet Protocol version 6 (IPv6), also known as the New Internet. Innofone.com organizes world-class conferences and offers training and consulting related to IPv6 for government and commercial customers, especially IT and wireless departments.

To receive a complimentary copy of the RedChip Visibility Update for INFN, please visit: http://www.redchip.com/visibility/about.asp?page=requestINFNQupdate

About RedChip

RedChip Visibility provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and writing company sponsored research.

The analysts contributing to this report do not hold any shares of INFN. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. RedChip Companies, Inc. is an affiliate of the Aurelius Consulting Group, Inc. Innofone.com Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. INFN paid RedChip Visibility $36,000 for this report.

RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group, Inc., in a joint marketing agreement, have been contracted by Innofone.com Inc. to increase investor awareness of INFN to the small-cap equity community. These services may include investor conferences and digital and print distribution of INFN investor related materials. RedChip Visibility and the Aurelius Consulting Group, Inc. receive a monthly cash fee of $7,500 and 12,000 shares of restricted Rule 144 common stock per month.

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