IPtimize Adds Chief Financial Officer Donald W. Prosser to Executive Leadership Team

Business Wire, July 15, 2008

DENVER -- IPtimize, Inc. (Pink Sheets: IPZI) ("IPtimize"), a broadband voice and data service provider, announced today that it has named Donald W. Prosser to the position of Chief Financial Officer for the company. Mr. Prosser has been working as a financial consultant with IPtimize since March 1, 2008 and his appointment is effective immediately.

Prior to working with IPtimize, Mr. Prosser served as Chief Financial Officer of VCG Holding Corp. (NASDAQ: VCGH) ("VCG"), increasing the market cap for the company from $3 million to $160 million. He also worked with three publicly-traded companies prior to his position at VCG, including Chartwell International, Inc., a publisher of high school athletic information and recruiting services; Inform Worldwide Holdings Inc., a computer equipment and Internet services provider; and NetCommerce, Inc., an Internet services provider. Mr. Prosser has also served as a director of Arete Industries, Inc. since 2003.

Mr. Prosser received a Bachelor of Arts degree in Accounting and History and a Master of Arts degree in Taxation from Western State College of Colorado. He has been a licensed Certified Public Accountant in the State of Colorado since 1975 and he has maintained a private practice since 1992.

"Adding Mr. Prosser to our executive team is an important milestone for IPtimize. His expertise and knowledge of U.S. GAAP and the U.S. capital markets will help us develop more rigorous discipline in our financial reporting, corporate governance, and investor communications - all of which are essential elements on our path to eventually becoming a NASDAQ listed stock," said Chairman and CEO Ron Pitcock. "We are excited to have a professional with Don's credentials and experience as a member of our team."

About IPtimize, Inc.

IPtimize is a broadband voice and data service provider focused on connecting, adapting and managing commercial and residential IP services for select industry channels. Utilizing proven, standards-based Internet delivery technologies, IPtimize enables its customers to offer business-class bundled services that are easy to implement and network. The solutions/services are carrier and terminal equipment agnostic, cost efficient, fully monitored and supported. IPtimize works directly with leading international network providers to simplify each customer's competitive navigation and management of the voice business and other IP opportunities. For more information, visit www.iptimize.com.

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