iVoice, Inc., Files New Patent Application for Traffic Signal System with Countdown Signaling and with Advertising and/or News Message

Business Wire, May 11, 2006

MATAWAN, N.J. -- iVoice, Inc. (OTCBB: IVOI), announced today it has filed a patent application for a new patent for traffic signal system with countdown signaling and with advertising and/or news message.

The invention relates generally to traffic signal systems for motor vehicle traffic controls at road intersections and other crossings that include at least one stop/go light signal, minimally having a red light and a green light, but typically having a red, a yellow (or amber or orange), and a green light. The system further includes a countdown signaling feature so that a driver may see a signal that illustrates actual or relative time left before a light changes. This countdown is preferably to indicate to an oncoming vehicle with a green light how much relative or actual time is left before the light turns red, but it could signal time left on a yellow or red light or any combination of any of the foregoing. The system further includes a message presentation area for a driver to read, at least while at a red light. The message presentation is preferably news and or advertising, but could be jokes, streaming of a media broadcast or any other message. Thus, the system provides a message that is different from countdown information and presents opportunities for public and private sector entertainment and information.

The system would be an information (including news and/or advertising) and entertainment provider for any intersection requiring traffic signals, and would be outstanding additions to railroad crossings, draw bridges and any other traffic stop areas where waits are protracted and otherwise annoying to the driver.

iVoice CEO Jerry Mahoney said, "Intellectual property is important to a company optimizing opportunities to provide shareholder value. This latest invention further broadens our portfolio."

iVoice's commitment to innovative technology continues to help customers meet their client requirements. We believe that our intellectual property and our technology provide iVoice with a superior suite of application offerings designed for a mixture of industries.

About iVoice, Inc.

iVoice has determined that the best way to create shareholder value, separate and apart from the operating performance of iVoice, is to implement new business opportunities by distributing shares of spin-offs to the Company's shareholders. The common stock distributions are part of a broader strategy relating to the transition of iVoice into a company focused on the development and licensing of proprietary technologies. We also continue to search for potential merger candidates with or without compatible technology and products, which management feels may make financing more appealing to potential investors.

Certain information included in this press release may contain forward-looking statements about our current and expected performance trends, growth plans, business goals and other matters. These statements may be contained in our filings with the Securities and Exchange Commission, in our press releases, in other written communications, and in oral statements made by or with the approval of one of our authorized officers. Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

For more information on iVoice, please visit http://www.ivoice.com