i2Telecom and StreamCast's Morpheus Forge VoIP Global Partnership

Business Wire, Feb 17, 2004

Business Editors/High-Tech Writers

BOCA RATON, Fla. and LOS ANGELES--(BUSINESS WIRE)--Feb. 17, 2004

Exclusive Worldwide Partnership Brings i2Telecom's VoIP Technology Within Reach for Millions of Tech-Savvy Morpheus Users

Morpheus InternetTalker(TM) Marks Bold Move into Consumer Marketplace to Dramatically Reduce Long Distance Phone Costs Using Standard Telephones

i2Telecom International, Inc., a provider of voice data communications technology for the Internet, and StreamCast Networks(TM), Inc., the creators of the popular Morpheus(TM) peer-to-peer file-sharing software, have entered into an exclusive global partnership that will propel both companies into the exploding consumer telephone Voice over Internet Protocol (VoIP) marketplace. The arrangement is the first of its kind and brings tremendous benefits to consumers by dramatically reducing long distance phone costs. For i2Telecom, the deal opens a wide channel to millions of Internet-savvy users who are proven early adopters of technology and for StreamCast Networks, the deal gives them first-mover status into VoIP for file-sharing clients and continues its drive to provide valuable communications tools to millions of users. Morpheus is available as a free download at www.morpheus.com.

"Today marks a new beginning for the consumer VoIP marketplace," declared Paul Arena, CEO of i2Telecom. "Our high-quality and very affordable VoIP technology coupled with StreamCast's gigantic following of Morpheus users, has the potential to accelerate the adoption of VoIP beyond anything seen in our industry to date," he said. i2Telecom's micro-gateway product suite, including the Morpheus InternetTalker(TM) and its worldwide network, enable Internet users anywhere to leverage the power of the Internet to dramatically reduce long distance phone costs. i2Telecom's end-to-end VoIP solutions deliver carrier-class quality demanded by users.

"This is a giant first step by our company into VoIP and furthers our strategy of melding the users of disparate P2P networks into one global community," stated Michael Weiss, Chief Executive Officer of StreamCast Networks. "Once again we are leading the way in providing millions of Morpheus users with cutting edge technology that changes the way people can use the Internet to communicate," Weiss explained. StreamCast Networks is a global communications technology company that has revolutionized Internet-based digital media and information distribution. To date, users have downloaded over 120 million copies of the Morpheus peer-to-peer file-sharing software.

Earlier this month, StreamCast Networks released Morpheus 4, a radically-enhanced new version of the application including early access to the new proprietary NEOnet(TM)technology platform. Users of Morpheus 4 enjoy finding more content than ever before with simultaneous connectivity to users of Kazaa, iMESH, eDonkey, Overnet, Grokster, LimeWire, Gnutella, G2 and others, all through one single "super" application, truly uniting the millions of worldwide peer-to-peer users.

i2Telecom's VoIP technology and network provides free unlimited peer-to-peer calling between subscribers and enables users to easily make high-quality, worldwide phone calls over the Internet at a fraction of the cost of traditional phone company rates. Additionally, the "plug and run" technology is incredibly easy to install with any Internet connection and any standard telephone. The technology is portable, and can travel with you anywhere in the world and works with wireless routers.

The i2Telecom/StreamCast Networks Partnership draws much of its strength from the global nature of each company's offerings and capabilities. Morpheus users are located in every corner of the globe and i2Telecom's VoIP network and technology works anywhere in the world. Further, Morpheus users are proven early-adopters of technology, and i2Telecom provides a complete VoIP solution that, unlike other so-called VoIP firms, does not rely on any other companies' hardware, software or network.

The companies expect to announce product availability and pricing within the next month.

About i2Telecom International, Inc.

i2Telecom International is a low-cost telecommunications service provider employing next generation Voice over Internet Protocol ("VoIP") technology with operations based in Boca Raton, Florida, Atlanta, Georgia, Redwood City, California, Malaysia and China. i2Telecom International controls its own proprietary technology and outsources its production and service functions with strategic partners. i2 Telecom International provides micro gateway adapters (InternetTalker(TM)), VoIP long distance and other enhanced communication services to subscribers. i2Telecom International's proprietary technology platform is built to the Session Initiation Protocol standard. i2Telecom International's revenue model is multi-faceted and includes prepaid revenue from the sale of its InternetTalker(TM) integrated access device, recurring monthly subscriptions, call minute termination and original equipment manufacturer royalties. For more information visit www.i2telecom.com.