NetVoice Responds to Form 10-SB 2nd Round of Comments

Business Wire, May 31, 2000

Business Editors & Technology Writers

DALLAS--(BUSINESS WIRE)--May 31, 2000

NetVoice Technologies Corp. (Pink Sheets:NTVT), a leading provider of Internet Protocol Telephony Services announces completion of their second round of comments with the SEC on their Form 10-SB.

On January 19, 2000, NetVoice filed with the SEC to become a fully reporting company in preparation for filing for Nasdaq. NetVoice has responded to the second round of comments and has been filing all the appropriate financial information with the SEC.

"We anticipate a swift response from the SEC," stated Garth Cook, CFO of NetVoice. "With the approval of our Form 10-SB we will move forward with our application to Nasdaq."

About NetVoice

NetVoice utilizes a Cisco (Nasdaq:CSCO) Powered Network (CPN) that employs packet-switching technology to break voice, text and video services into data packets and routes them over a virtual private network ("VPN") utilizing Level 3 Communications, Inc. (Nasdaq:LVLT) backbone. Cisco Systems, Inc. (Nasdaq:CSCO), Global Crossing (Nasdaq:GBLX) and Network Appliance (Nasdaq:NTAP) are NetVoice strategic partners that are shaping the networks our customers utilize today. By owning a proprietary network, NetVoice can offer carrier grade quality with low-latency connections, at substantially lower cost than the traditional circuit-switched carriers. Synetric (www.synetric.com) is a wholly owned subsidiary of NetVoice Technologies Corporation. Synetric is a Premier Certified Partner and Direct Value-Added Reseller for Cisco and has recently become certified as a Cisco Advanced Technology partner. The NetVoice browser is now available for downloading at www.netvoice.com. This advanced, graphical, communication browser allows for free PC to PC long distance phones calls.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end-use customers' acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations, and other risks associated with the regulation of the Internet and the telecommunications industry.