IPC Successfully installs IQ/MAX for Shenzhen Development Bank

Business Wire,  June 23, 2008  

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SHENZHEN, China & JERSEY CITY, N.J. -- IPC Systems, Inc., the leading provider of indispensable communications solutions to financial services firms, today announced that it has successfully installed the advanced VoIP IQ/MAX trading systems on the entire Shenzhen trading floor of the Shenzhen Development Bank. IPC provides trading floor solutions and services to the world's largest financial services institutions in more than 40 countries, with more than 105,000 traders around the world relying on an IPC trading desktop every day. More than 72,000 of those use Voice over Internet Protocol (VoIP) technology.

Shenzhen Development Bank assessed several vendors in order to choose a solution that would meet the Bank's current demands, but would also be able to grow along with the Bank as it expanded its business. IPC helped Shenzhen Development Bank to design a platform that would allow the Bank to install top-of-the-line technologies that could also be integrated with its existing technology roadmap. The Bank wanted to give its dealing room a winning edge by installing the best technology infrastructure available, and IPC was able to fulfill that task with IQ/MAX. The VoIP-enabled IQ/MAX is the first trader desktop to be based on primary research conducted by IPC with more than 300 actual traders. IQ/MAX debuted in New York in March 2006 and in other cities around the world throughout the year.

David Dodd, IPC Managing Director of Asia Pacific, said, "We are honored that Shenzhen Development Bank shares our vision of how the trading environment will develop in China and that the Bank has put its faith in IPC to keep it a leader in its field. I am sure that our direct operation in Shanghai and local expertise will serve the Bank well and will lead to a long and fruitful relationship."

The deal with Shenzhen Development Bank is further evidence of IPC's continued commitment to Asia Pacific. IPC has a total of 9 offices in the Asia Pacific region and now serves more than 500 major clients in 15 cities throughout Asia, including Barclays Capital, Deutsche Bank, JPMorgan Chase and Citigroup.

IPC has over 34 years experience in providing mission-critical communications systems and network services that support vital trading functions in the global financial services market. IPC Global Solutions Operations Centers (GSOCs) provide immediate 24x7x365 service and support.

About Shenzhen Development Bank

For more information, visit http://www.sdb.com.cn

About IPC

IPC is a leading provider of indispensable communications solutions to global enterprises. With almost 35 years of expertise, IPC provides its systems and services to the world's largest financial services firms, as well as to public safety; government; power, energy and utility; and transportation organizations. IPC offers its customers a suite of products and enhanced services that includes advanced Voice over IP technology, and integrated network and management services to over 40 countries. Based in Jersey City, NJ, IPC has over 1,300 employees throughout the Americas, Europe and the Asia Pacific regions. For more information, visit www.ipc.com.

Statements made in this news release that state IPC's or its management's intentions, beliefs, expectations, or predictions for the future constitute "forward looking statements" as defined by federal securities laws, which involve significant risks and uncertainties. Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations. The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets, as well as those risk factors described in our filings with the SEC.

[c]2008 IPC Systems, Inc. All Rights Reserved. IPC, IQMX, IQ/MAX and ICMX are trademarks of IPC. All other trademarks are the property of their respective owners.

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