i2Telecom International Inc. Rated 'Speculative Buy' Target price of $0.28 by Beacon Equity Research

Business Wire, May 21, 2008

DALLAS -- i2Telecom International Inc. (OTCBB: ITUI) has been rated Speculative Buy with a price target of $0.28, by Beacon Equity Research Analyst Victor Sula, Ph.D.

The full report is available at http://www.BeaconEquity.com.

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In the report, the analyst writes, "Going forward, the 2008 introduction of the MyGlobalTalk[TM] product line should significantly expand the Company's visibility and revenue opportunities. The development of a mobile Internet gateway product for cell phones provides ITUI with access to a 2.6 billion mobile phone user market globally ... Considering these new products and emerging opportunities in the mobile VoIP market, we expect ITUI to increase revenues to $5 million in 2008 and $25 million in 2009."

Other public companies in the telecommunications industry include iBasis Inc. (Nasdaq: IBAS), Vonage Holdings Corp. (NYSE: VG), Level 3 Communications Inc. (Nasdaq: LVLT), Paid Inc. (OTCBB: PAYD) and 8x8 Inc. (NASDAQ: EGHT).

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of i2Telecom International Inc. (ITUI). Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. BER and its affiliates have been compensated eight thousand dollars directly from the company for enrollment of ITUI in its research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.