December 19, 2006 08:00 ET

VoIP-PAL.COM, Symbol: VPLM Announces It Has Signed a Letter of Intent (L.O.I.) to Purchase Certain Assets of Yak VoIP Systems

VANCOUVER, BC -- (MARKET WIRE) -- December 19, 2006 -- VoIP-PAL.COM Inc. (PINKSHEETS: VPLM) has entered into an agreement to purchase as well as

In the agreement, the two assets will be integrated into a new BRANDED product with a new name in the first quarter of '07. Additional assets including existing subscribers, equipment and technology are included in the L.O.I.

Target closing date is December 31, 2006, at which time additional information will be disclosed.

VoIP-PAL.COM has also moved the launch date of its new TRANSACTIONAL PLATFORM for the POINTS/LOYALTY market to January '07 in order to facilitate the proposed integration of the Yak products.

The move to open our platform to many companies will follow and allow VPLM access to millions of potential transactions in the VoIP business.

VoIP-PAL.COM is a broadband VoIP telecom company offering local and long distance VoIP services to consumers and business owners. The Company offers turnkey solutions for its Partners for the Loyalty transactional platform. For more information, please contact Richard Kipping at (310) 890-3212 or Or, visit us at

Safe Harbor:

This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended with respect to achieving corporate activities, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements herein.

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