SOURCE: VOIP5000, Inc.

November 08, 2006 05:00 ET

VOIP5000 Announces Completion of Its Providence Facility to Manage Over 100 Million Calls Monthly

PROVIDENCE, RI -- (MARKET WIRE) -- November 8, 2006 -- VOIP5000, Inc. (PINKSHEETS: VPFI), a provider of click-to-call services under the Clixme name as well as other VoIP applications for online businesses, announced today that it has completed its Core Network Facility in Providence, RI. Company assures capacity for up 5000% growth of its business.

The Providence facility currently handles thousands of calls per day for existing customers. With its completion comes the capacity to handle over 100 million calls monthly. "Completion of this facility was critical to meet the increasing demand for our CLIXME service," said CEO Fotis Georgiadis. He added, "We've ensured our ability to handle the larger customers that will be going live in the upcoming months."

The company continues to expand aggressively with planning for the 3 new facilities having been underway for over a month. "With the addition of the 3 facilities we are planning in NY, TX, and CA, there will be virtually no limit to the capacity we can handle for our CLIXME service," said Georgiadis.

About VOIP5000, Inc.:

VOIP5000, Inc. (PINKSHEETS: VPFI) develops and markets VoIP applications and services for business and consumer use. Its Flagship service, Clixme.com provides click-to-call services to businesses in the US and Canada, as well as Germany.

Note: All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results to differ materially from such statements, including, without limitation: (i) competition, (ii) fluctuations in demand and supply of our target markets, including Internet-based telephone operations (iii) risks associated with new business ventures. Investors are advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.

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