SOURCE: VOIP5000, Inc.

March 15, 2007 11:01 ET

VOIP5000 Announces It Declines REG D 504

PROVIDENCE, RI -- (MARKET WIRE) -- March 15, 2007 -- VOIP5000, Inc. (PINKSHEETS: VPFI) (FRANKFURT: VQC1), a provider of click-to-call services under the Clixme name as well as other VoIP applications for online businesses, announced today that as a result of a recent board meeting, the company is opting not to pursue a REG D 504 this year.

"In light of many inquiries about dilution, we met with our board after the market close yesterday to discuss what we could do to further protect shareholder value," said VOIP 5000 CEO Fotis Georgiadis. "We reviewed the status of our business units and mutually decided that the company was at a point where a 504 wouldn't be necessary this year."

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 U.S. and Canada. Businesses can sign up and find out more about Clixme at http://www.clixme.com

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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