Apex Sight LLC Terminates Letter of Intent to Be Acquired by Voip Inc

Business Wire, June 23, 2004

FALLBROOK, Calif. -- Apex Sight LLC has terminated discussions with VoIP Inc. (VOII.OB) regarding a possible merger. After extensive time delays and due diligence, Apex Sight LLC is withdrawing from the proposed merger.

Henry Cooper, CEO, Apex Sight LLC stated, "After spending considerable time and expense, it was determined that the long term value for the shareholders of Apex Sight LLC would not recognize the potential returns on their investment by completing the merger. Our course and path of greatest success is in staying as a private company."

About Apex Sight LLC

Apex Sight LLC is the leading manufacturer of high-speed, wireless fidelity (WiFi) products for the growing wireless local area networking (WLAN), public WLAN (PWLAN) and wireless Internet service provider (WISP) markets.