IPtimize Announces New Contract with Chief Technical Officer/Chief Information Officer Robert T. Flood

Business Wire,  May 2, 2008  

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DENVER -- IPtimize, Inc. (Pink Sheets: IPZI) ("IPtimize" or the "Company"), a wholesale provider of turnkey broadband voice (VoIP) services to cable companies in Tier II and smaller markets, announced today the renewal of a three-year contract with Robert T. Flood as Chief Technical Officer (CTO) and Chief Information Officer (CIO).

Mr. Flood has been the CTO/CIO of IPtimize since August 2004 and his primary functions include infrastructure development and product redefinition. Under Mr. Flood's leadership, IPtimize has successfully launched and completed the following VoIP initiatives: building an extremely flexible high-volume transactional billing system, perfecting the underlying architecture for handling all types of carrier networks, and developing the infrastructure to support the most popular brands of LAN equipment. Additionally, Mr. Flood established a state-of-the-art service assurance platform as the foundation for network deployment.

Prior to joining IPtimize in 2004, Mr. Flood founded and served as the CEO/CTO for Pingtone Communications, Inc., a hosted VoIP platform. His leadership and industry experience helped Pingtone become the first telephone service company to supply IP Telephony to the desktop. From 1999-2001, Mr. Flood was the CTO/CIO for Cable & Wireless Global, an international communications carrier operating in 74 countries. His responsibilities included management of a capital program in excess of $3 billion annually and a staff of over 1,500 from the Pacific Rim to Europe.

"IPtimize is very pleased to retain such an important member of our Executive Management team," stated Chairman and CEO Ron Pitcock. "Mr. Flood's more than 30 years of leadership experience in the telecommunications industry plus his intimate knowledge of IPtimize's infrastructure and product services makes him a very valuable part of our Company."

About IPtimize, Inc.

IPtimize is a Denver-based broadband voice and data service provider that offers Voice over Internet Protocol (VoIP) to Cable TV operators in Tier II markets (approximately 100,000 or fewer households). Their simplified, best-of-breed and cost-effective turnkey solution enables Cable TV operators to offer the "Triple Play" bundled services to their customers regardless of market size. IPtimize distinguishes itself from both conventional Telco's and discount VoIP retailers by delivering reliable, managed service - agnostic of broadband provider or equipment.

Investor Relations Website: http://ir.iptimize.com.

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