Investment Highlights

• Company will be announcing their Second Quarter Financials on or before August 15, which will include (for the first time) 90 days of revenue from the three acquisitions closed in the First Quarter.
• IPVO announced a Letter of Intent to acquire 70% of Logicorp, a $20 million plus revenue company which will be accretive to earnings and propel IPVO's annuallized revenue run rate to $50 million
• Company announced $2.6 Million First Quarter Revenue representing a 443% Increase over First Quarter 2003--and greater than the total Fiscal Year 2003 revenue
• 2003 Annual Report Reported a 145% revenue increase over 2002 at $2.3 Million
• IPVO has closed on five acquisitions in the past ten  months with forecasted annual revenues of $21 million (Infotel, Medical Office Software, RKM IT Solutions,Digital Computer Corp.and Netsco Services)
• Company has announced Letters of Intents to acquire companies with annual revenue totaling about $25 million and currently conducting due diligence. (Logicorp and Sensitron)
   

The reason for a $1.75-$2.00 target price for IPVO?:

We believe IPVO is undervalued at its current price of $.44 and a modest market cap of $26.4 Million. IPVO's projected annualized revenue run rate is $50 million by the end of 2004 and a forecast of BOOKED REVENUE for 2004 of $20 million. With NewMarket Technology's recent announcement of their intent to acquire Logicorp with over $20 million in revenue and net earnings, NewMarket is clearly focused on meeting or exceeding their corporate goal on attaining that $50 million run rate goal. Considering that IPVO has acquired or announced Letter of Intents (LOI) to acquire a number of companies with annual revenues of $2-$20 million, NewMarket's growth has been rapid and dramatic. The Company announced its First Quarter 2004 financials, with reported revenue 400% greater than First Quarter 2003. Or, put another way, IPVO's revenue for First Quarter 2004 was more than the revenue for the ENTIRE YEAR of 2003. Organic growth continues to contribute to the growth achieved through acquisitions. Now, with a projection of $50 million in annualized revenue run rate by the end of 2004 with all these acquisitions, the company is trading at .5 times its near-term future sales, while its peers such as (Nasdaq: SONS) (Nasdaq: VOCL) and the VOIP market companies trading 25-40 times its sales. 
 

IPVoice started out as an early development stage company six years ago and has turned into a dynamic force in the communications technology market after new management took over.  With six of its last seven quarters profitable and having met its goal of achieving an annualized revenue run rate of $15 million by end of March 2004,  IPVO is establishing itself as a rapidly growing company with stakes in three interrelated markets--Homeland Security, Healthcare and Telecommunications. IPVoice is actively acquiring early stage proprietary technology companies and financially challenged systems integration companies in specific global markets to establish its portfolio as a leader in the Communications Technology  market. By taking advantage of cross-selling opportunities between the various acquisitions, organic growth is expected to ramp up in future quarters.

The Company

IPVoice Communications, Inc. ("IPVoice") or ("the Company") is a promising Texas-based hi-tech turnaround concentrating on the continuous market introduction of emerging communication innovations. The Company's unique marketing approach packages new communication innovations with incumbent brand name powerhouses. In conjunction with an expanding line of proprietary in-house products, IPVoice currently markets the advanced Internet Protocol (IP) software technologies of Cisco Systems, Inc. (CSCO - NASDAQ) and Sun Microsystems, Inc. (SUNW - NASDAQ).

IPVoice has a history of introducing first to market technologies that drive consumer demand for network bandwidth by making existing voice, data and video communications better. Recently the Company expanded its reach to include communication innovations in Healthcare, Homeland Security, and Information Warfare. Future market segment expansions are in the works.

Following four years of restructuring and research and development, the Company launched its first sales efforts in July 2004. IPVoice was both profitable and cash flow positive in the third and fourth quarters of 2002 on an annualized $2 million in sales (ref: SEC Form 10KSB).

The Company has previously released a number of announcements regarding prospective acquisitions of businesses with proprietary IP technology intended to expand their current in-house product line. While these transactions are still in development, the strategic priority is to build a solid customer base through which new products can be market tested, refined, and rolled out into full production. By expanding globally, IPVO's goal is do take advantage of developing country market opportunities -- using a talented, yet inexpensive labor pool, along with focusing in areas where competition is not so entrenched as in First World countries. By utilizing synergies between the various acquisitions, IPVO intends to maximize its corporate strengths while minimizing administrative and operational redundancies.


Closed Acquisitions and Announced LOI's to Acquire

Company has announced LOI's to acquire or has acquired a total of 6 companies since the beginning of 2004. With its increased revenue forecasts, an annualized run rate of $100 million in revenue by the end of 2005 is certainly attainable considering its strategy of acquiring small companies and turning them into profitable technological entities.
 

July 15, 2004 - Redmoon Broadband

http://www.redmoonbroadband.com

___________________________

May 4, 2004 - Sensitron

http://www.sensitron.net

___________________________

May 3, 2004 - NETSCO 

http://www.netsco.com

___________________________

April 5, 2004 - RKM IT

http://www.rkmve.com/Frmhead.htm

___________________________

March 11, 2004 - IP Global Voice (renamed XIPTEL)-increased ownership of VoIP Subsidiary

http://www.xiptel.com/

___________________________

March 9, 2004  - DCI Digital Computer Integration

http://www.dci-corp.com/

Major Acquisition in Fall, 2003

Infotel Technologies

http://www.infotel.com.sg/

Management

IPVoice Communications, Inc. can proudly boast its senior management, scientific advisors and affiliates to perhaps be its greatest single asset. Indeed, the Company has meticulously assembled a team of hands-on industry and business professionals to ensure the Company's future success. Led by Philip Verges, the Company's Chairman and Chief Executive Officer, IP voice has implemented an aggressive, yet cost-sensitive approach to attaining its goals.

Prior to joining the Company, Mr. Verges served as President and Chief Executive Officer at Vergetech, Inc. ("VTI"), which recently merged into IPVoice. Mr. Verges is an experienced executive manager, with a successful track record in both telecommunications and high technology. A graduate of the U.S. Military Academy at West Point, Mr. Verges served with distinction in a wide variety of important engagements to include research and development of counter terrorism communication technologies and practices. Mr. Verges' early career after the Army includes time in the Computer Sciences Research and Development Department of General Motors. Mr. Verges' first business start-up experience was at EDS in a new division concentrating on call center technology in financial institutions. Later, Mr. Verges added to his start-up experience at a thirty million-dollar technology services business with the responsibility to open a new geographic region with a Greenfield operation. Mr. Verges founded VTI and led the firm from three hundred thousand in first year sales to over 11 million in sales in year four, funding growth primarily from profit.

David Palmer, Vice President - Software Development, is a VTI founder with more than twenty years of government and Fortune 500 operations and management experience. Mr. Palmer, a U.S. Naval Academy Graduate, started his technology career with EDS, during which time he completed their Systems Engineering Development program and held several technical leadership positions. The majority of Mr. Palmer's development efforts at EDS resulted in the creation of new and proprietary technology. Mr. Palmer has won industry recognition and holds numerous technology certifications.

John Scott, Vice President - Sales & Marketing, possesses a strong background in sales and marketing and currently leads the Company's value-added reseller (VAR) line of business. Mr. Scott founded this line of business for VTI and has negotiated and established reseller relationships with Cisco, Sun, and Novell among others. Prior to joining the VTI, Mr. Scott was a Major Account Manager for MCI WorldCom, selling and servicing large private network dial-up accounts.

Anastasia Turrell, Vice President - Professional Services, is a VTI founder coming to the Company with a premier technology consulting background earned through years of experience and advancement at Ernst and Young. Ms. Turrell is a Sigma Cum Laude Graduate from the University of Texas at Austin with a B.S. in Electrical Engineering and a B.A. in Liberal Arts.

Jim Rogers, Business Development Manager - China, brings to the Company extensive experience in developing US business opportunities in China. Mr. Rogers will be serving to develop IPVoice sales in China, as well as providing sourcing and negotiating high-tech merger and acquisition opportunities.

Together, this highly capable and experienced group represented here by only a small number of over the more than 30 employees has already demonstrated an exceptional ability to identify and react to emerging opportunities within a niche environment and deliver solid results. Both individually and collectively, their talents should bode well for the Company's further continued success.
 

PRESS RELEASES

IPVO   IPVOICE COMMUNICATNS Download All   Page of 1    June 18, 2004
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