Voice Mobility International, Inc.
OTC Bulletin Board : VMII

Voice Mobility International, Inc.

June 19, 2008 16:21 ET

Voice Mobility to Reduce Class X Warrant Exercise Price and Extend Warrant Expiry Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - Voice Mobility International, Inc. (TSX:VMY)(OTCBB:VMII)(FRANKFURT:VMY), a Vancouver-based developer and provider of carrier and enterprise messaging solutions, today announced that it has received approval from the Toronto Stock Exchange to reduce the exercise price and extend the expiry date of 2,063,560 outstanding Class X common share purchase warrants (the "Warrants") of the Corporation, which were issued in connection with the Corporation's June 2005 private placement financing. Each Warrant entitles the holder thereof to purchase one common share of the Corporation at any time until the close of business on June 26, 2008 at an exercise price of $1.10 per common share. The Warrants will be amended to reduce the exercise price from $1.10 to $0.25 and extend the term of such warrants until July 18, 2008. As a result, the Warrants will be exerciseable at the new exercise price from the effective date of the amendment being July 3, 2008 to July 18, 2008. All other provisions of the Warrants will remain the same. There are no insiders of the Corporation who hold Warrants.

About Voice Mobility, Inc.

Voice Mobility's unified communications product is designed for enterprises and telecommunication service providers in the wireline, wireless and broadband markets. It provides highly scalable VoiceMail, Unified Messaging, Fax Services, Interactive Voice Response, and Auto-Attendant applications, as well as unique features like Find Me/Follow Me, Spoken WebFeeds, and Voice SMS. For more information, visit www.voicemobility.com.

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