iVOW, Inc. Reports First Quarter Financial Results

Business Wire, May 11, 2006

SAN DIEGO -- iVOW, Inc. (NASDAQ: IVOW), a provider of disease management services for the treatment of chronic and morbid obesity, announced today that revenue for its first quarter ended March 31, 2006 increased to $604,072 from $239,681 for the first quarter ended March 31, 2005, an increase of over 150%. The Company noted that $325,000 of the increase in revenue came from its Sound Health Solutions (SHS) subsidiary which the Company acquired in November 2005.

The Company reported a net loss for the quarter of $897,338 or $0.37 per share, compared to a net loss of $963,956 or $0.88 for the quarter ended March 31, 2005.

During the quarter, the Company completed a private placement of stock which generated gross proceeds of $922,200. At the end of the quarter, the Company reported cash and cash equivalents of $742,838. In addition, the Company reported $362,143 in restricted cash.

Subsequent to the quarter, the Company announced an agreement for a pediatric pilot weight management program with Microsoft. In addition, the Company stated that since March 29, 2006, it has signed four Blueprint contracts. While the Company reported no consulting revenue for the quarter, the Company stated that it expected an increase in consulting revenue during the current quarter based upon these contracts.

"The acquisition of SHS and the favorable CMS-Medicare ruling covering bariatric surgery in February are already proving to be positive financial impetuses for iVOW. SHS is emerging as a strong complement to our other service offerings," stated Dr. Michael Owens, President and CEO of iVOW, Inc. "We intend to continue the expansion of our leadership position within the weight management industry and believe SHS and the recent CMS ruling will continue to provide momentum in our success."

IVOW, Inc.
                 Condensed Consolidated Statements of
                              Operations

                                                 Three Months Ended
                                                      March 31,
                                                ----------------------
                                                   2006        2005
                                                ----------- ----------


Revenues                                       $  604,072  $  239,681
Total cost and expenses                         1,501,936   1,207,538
                                                ----------  ----------
Loss from operations                             (897,864)   (967,857)

Other income, net                                     526       5,720
                                                ----------  ----------
Loss from continuing operations                  (897,338)   (962,137)

Gain from discontinued operations                       -       4,056
                                                ----------  ----------
Net loss                                         (897,338)   (958,081)

Accretion of preferred stock dividends                  -      (5,875)
                                                ----------  ----------
Net loss applicable to common stockholders     $ (897,338) $ (963,956)
                                                ==========  ==========


Net loss per common share applicable to common
 shareholders                                  $    (0.37) $    (0.88)
                                                ==========  ==========

Shares used in computing basic and diluted
 loss per share                                 2,454,981   1,103,571
                                                ==========  ==========


                              IVOW, Inc.
          Selected Condensed Consolidated Balance Sheet Data

                                                March 31   December 31
                                                  2006         2005
                                              -----------  -----------
Cash and cash equivalents                      $  742,838  $  851,315

Total current assets                            1,715,519   1,693,747

Property and equipment, net                       261,467     252,880

Goodwill                                        1,064,046     915,116

Intangible assets, net                            176,017     193,051

Total assets                                    4,001,046   3,747,808

Total current liabilities                       1,273,141   1,216,096

Total stockholders' equity                      2,674,084   2,479,320

About iVOW, Inc.

Our business is focused exclusively on the disease state management of chronic and morbid obesity. We provide program management, healthcare services, operational consulting and clinical training services to employers, payors, physicians and hospitals involved in the medical and surgical treatment of the chronic and morbidly obese. We also provide specialized vitamins to patients who have undergone obesity surgery. Our corporate website is www.ivow.com; information on our nutritional supplements for post-surgical gastric bypass patients may be found on www.vistavitamins.com. iVOW is traded on the NASDAQ Capital Market under the stock symbol IVOW.