SOURCE: VOIP5000, Inc.

October 09, 2006 10:12 ET

VOIP5000, Inc. Reverse Split of Common Shares

PROVIDENCE, RI -- (MARKET WIRE) -- October 9, 2006 -- VOIP5000, Inc. (PINKSHEETS: VPFI) (FRANKFURT: VQC), 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 enacted a reverse split of 50-1 of its common shares that will take effect Monday, October 9, 2006. The ticker symbol for VOIP5000 will change from VPFV.PK to VPFI.PK effective at the opening of the market on the above date.

As a result of the reverse split, holders of VOIP5000 shares will receive one share of VOIP5000 common stock for every 50 shares they currently own. No fractional shares will be issued. Odd lots will be rounded up. Atlas Stock Transfer remains the Company's transfer agent. All outstanding shares will automatically reflect the reverse split without further action required by the shareholders.

"The decision was based upon enhancing shareholder value and demonstrates our confidence in the long term growth prospects of VOIP5000," said CEO Fotis Georgiadis.

About VOIP5000, Inc.:

VOIP5000, Inc. (PINKSHEETS: VPFV) (FRANKFURT: VQC) develops and markets VoIP applications and services for business and consumer use.

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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