Private Equity Solutions

i2Telecom Expands Distribution of VoIP Products in China

Guang-Shen Technology, China affiliate of US media giant AC Nielson, becomes exclusive distributor of i2Telecom products in Hai-Nan province

BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 5, 2004-- i2Telecom International, Inc. (OTCBB:ITUI), an emerging leader in voice/data communications technology for the Internet, today announced that Guang-Shen Technology Inc., a leading provider of marketing-related services to Small and Medium Enterprises (SME) in China, has signed an exclusive agreement to distribute i2Telecom products in China's southernmost province, Hai-Nan.
Guang-Shen Technology offers market research and marketing-related services to SME's in China. Their well organized sales force of more than 300 sales executives and several independent agents reach a variety of key industries in Hai-Nan. With this new agreement, the company will significantly expand its offerings to include business services that leverage its existing market reach and technological expertise. The initial order is for 400 InternetTalker(TM) microgateways to be shipped immediately, with additional monthly orders to follow. While their core focus will be their existing customer base of SMEs, Guang-Shen will also be targeting the higher education market and consumers with home offices.

"We have long recognized that China is one of the world's most rapidly developing communications opportunities, and we made a significant investment in people and resources to deliver VoIP services there," said Rick Scherle, Senior Vice President of Marketing at i2Telecom International, Inc. "This partnership not only gives us access to Guang-Shen's large and growing customer base, it reaffirms our position as a true multinational player."

i2Telecom made a major commitment to the development of the VoIP market in China, building a network operations center in Foshan, China which went live in April of this year. The Company has had a successful partnership with China Unicom for over a year, but this agreement marks the first distribution arrangement with a provincial distributor.

"i2Telecom was selected because it has demonstrated the ability to deliver high-quality VoIP services in China," said Ms. Yang Bi-Qing, a director on the board of Guang-Shen Technology. "We believe that i2Telecom's VoIP products and ADV platform create new business and revenue opportunities which complement Guang-Shen's core market services offerings."

The ADV (Advanced Digital Voice) platform is i2Telecom's proprietary technology platform comprised of a tightly integrated combination of hardware, software and 'talkware' for next generation VoIP solutions. It consists of a new architecture for the Company's microgateway products, innovative applications built to the SIP standard, a global VoIP network, a global PSTN (Public Switched Telephone Network) interconnect network, and geographically dispersed Network Operation Centers.

About i2Telecom International, Inc.

i2Telecom International, Inc. (OTCBB:ITUI) is a low-cost telecommunications service provider employing next generation Voice over Internet Protocol ("VoIP") technology with operations based in Boca Raton, Florida; Atlanta, Georgia; Redwood City, California; Malaysia and China. The Company controls its own proprietary technology and outsources its production and service functions to strategic partners. i2Telecom International provides microgateway adapters (InternetTalker(TM), Morpheus Voicebox(TM), EVoIP-4310(TM)), VoIP long distance and other enhanced communication services to subscribers, and its proprietary technology platform is built to the Session Initiation Protocol ("SIP") standard. i2Telecom International's revenue model is multi-faceted and includes prepaid revenue from the sale of its InternetTalker(TM) integrated access devices, recurring monthly subscriptions, call minute termination fees and original equipment manufacturer royalties. For additional information visit www.i2telecom.com.

SAFE HARBOR Statement Under the Private Securities Litigation Reform Act. With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including, but not limited to, product acceptance, economic, competitive, governmental, results of litigation, technological and/or other factors which are outside the control of the company. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial or equity markets, technological changes, and other business risk factors. i2Telecom does not assume, and expressly disclaims, any obligation to update these forward-looking statements.

Contacts


Media Contacts:
skyePR
Danyl Collings, 978-443-0400 x14
danyl@skyepr.com
or
skyePR
Derek Beckwith, 978-443-0400 x15
derek@skyepr.com
or
Investor Contacts:
Lippert/Heilshorn & Associates
David K. Waldman / Jody Burfening, 212-838-3777
dwaldman@lhai.com

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