SOURCE: VOIP5000, Inc.

April 11, 2007 16:05 ET

VOIP5000, Inc. Board of Directors Considers the Sale of

PROVIDENCE, RI -- (MARKET WIRE) -- April 11, 2007 -- 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 its board of directors has determined that, upon the proper terms and conditions, it would sell its subsidiary.

"We feel at this time that there is great value in possibly selling off this subsidiary; it could provide real value to our shareholders," said CEO Fotis Georgiadis.

Following the purchase of Estara by Art Technology Group for a sum of $48 million in cash and stock, the company feels that it is in a position to capitalize on the growing need for this technology by larger companies looking to break into the click to call industry.

"We've developed our technology to the point where it becomes a true value proposition for larger players looking to get into the click to call space," said Georgiadis.

About VOIP5000, Inc.:

VOIP5000, Inc. (PINKSHEETS: VPFI) develops and markets VoIP applications and services for business and consumer use. Its flagship service,, provides click to call services to businesses in the U.S. and Canada. Businesses can sign up and find out more about Clixme at

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.

Contact Information

  • Contact:
    VOIP5000, Inc.
    Phone: 1-866-537-6010