SOURCE: VIP Comlink, Inc.

July 18, 2007 09:22 ET

VIP*Comlink Shareholders Approve Reverse Stock Split

SALT LAKE CITY, UT--(Marketwire - July 18, 2007) - VIP*Comlink, Inc. (PINKSHEETS: VIPM) today announced that during a special meeting of shareholders on July 11, 2007, shareholders approved a proposal to authorize the Board, in its discretion, to effect a reverse split of VIP's issued and outstanding common stock at a ratio ranging from one-for-fifty to one-for-one hundred fifty, at any time prior to October 1, 2007, without further action by the shareholders. Shareholders also requested and approved a change reducing the authorized common shares from 500 million to 100 million at the same time that the reverse split is executed.

The Board continues to be pleased by the level of support they are receiving by shareholders during this period of restructuring the company. Shareholders expressed their willingness to help return value to the company with nearly 60% of the outstanding shares voted prior to the meeting with 97% of those votes supporting the Board's plan to restructure the company.

The purpose of the reverse split is to increase the per-share trading price and create available resources in stock and cash for the company to use in acquiring assets or an operating entity that will bring immediate value to the shareholders. During the process of restructuring, the Board has received several proposals offering long-term interest and equity opportunities for the shareholders. The Board plans to proceed prudently over the short-term to shape the future of the company and settle on a plan providing the best opportunity for long-term growth and profitability.

The foregoing may contain forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "estimates," "believes," or statements indicating certain acts (such as "may," "could," "should," or "might occur"). Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.

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