Modavox Reports Third Quarter 2007 Results

PHOENIX--(Business Wire)--Modavox, Inc. (OTCBB:MDVX), Internet broadcasting pioneer in
producing and syndicating online audio and video, today announced its
fiscal third quarter financials for the quarter ended November 30,
2007.

For the quarter ended November 30, 2007, revenues were $797,559
compared to $868,406 for the quarter ending November 30, 2006.
Revenues for the quarter ended November 30, 2007 included $177,649
from the Interactive Media Division, and $619,910 from the Broadcast
Media Division, compared to $314,919 and $553,487 respectfully for the
quarter ended November 30, 2006. The Broadcast Media Division revenues
in 2007 included $51,217 from World Talk Radio, which was acquired on
March 3, 2007. Revenues produced from new business actually increased
an additional $160,000 for the quarter ending November 30, 2007,
compared to the quarter ending November 30, 2006, as the quarter
ending November 30, 2006 included $160,000 in deferred revenues gained
by the Company during the quarter.

For the nine months ended November 30, 2007, revenues were
$2,531,779, compared to $2,000,255 for the nine months ending November
30, 2006. Revenues for the nine months ended November 30, 2007
included $603,414 from the Interactive Media Division, and $1,928,365
from the Broadcast Media Division, compared to $853,585 and $1,146,670
respectfully for the nine months ended November 30, 2006. The
Broadcast Media Division revenues in 2007 included 410,887 from World
Talk Radio, which was acquired on March 3, 2007. During the nine
months ended November 30, 2007, the Company had a net loss of
$650,207, compared to a net loss of $397,491 in 2006. The Company
realized additional costs associated with the litigation with
AOL/Tacoda and other contingencies of $291,000 for the quarter ending
November 30, 2007, compared to $12,294 in the 2006 quarter.

Modavox CEO David J. Ide stated, "This past quarter was a
transitional one for our company, one in which we continued and
accelerated our investment in the defense of our intellectual
property, while making significant improvements in our ability to
apply our patented technologies in key identified industry verticals.

"Our market leadership in Internet talk radio is now vastly
improved through our advancements in our patented BoomBox Radio(TM)
platform, that includes FLASH streaming integration and development of
next generation listener and talk show host environments. We've
created new audience building distribution for our talk radio content
through syndication to terrestrial radio stations, global cellular
networks, and RSS feeds now present on our networks. We continue to
pursue highly targeted niche advertising opportunities existing in
many communities created by our hosts, and in step with our continued
audience growth, we are well positioned to capitalize on new media
advertising growth trends. Collectively, we have established the
foundation to now support a more scalable advertising and sponsorship
revenue component in our Internet Radio Division.

"In our Interactive Division, significant resources were applied
to our patented customized content communications solutions. We've
vastly improved our advertising platform and increased our
scalability. We anticipate that as many as 75 network television
affiliates may have adopted our platform before the end of the fourth
quarter. Our E-Learning platform has been enhanced, and for the first
time, applied in an American high school environment. As a result of
our research, development efforts and collaboration with leading
educational institutions, we anticipate a new product launch prior to
the close of our fourth quarter. Lastly, our Enterprise platform
progress is marked by the completion of BoomBox(TM) Video 2.0, an
innovative software product line just completed giving us a versatile
vehicle for focused revenue growth in our Interactive Division.
BoomBox(TM) Video enables scalable Pay-Per-View, E-Commerce and
Advertising revenue models that have the potential to allow Modavox to
earn revenue in new ways while largely automating revenue generation
in specific applications.

"We continue to remain focused on executing our business plan,
believing our fourth quarter results should provide clear evidence of
our continuing commitment to build shareholder value."

About Modavox

Modavox, Inc. (www.modavox.com), a pioneer in internet
broadcasting, producing and syndicating online audio and video, offers
innovative, effective and comprehensive online tools for reaching
targeted niche communities worldwide. Through patented Modavox
technology, Modavox delivers content straight to desktops and
internet-enabled devices. Modavox provides managed access for live and
on-demand Internet Radio Broadcasting, E-learning and Rich Media
Advertising.

Forward-Looking Statements

This release contains "forward-looking statements" for purposes of
the Securities and Exchange Commission's "safe harbor" provisions
under the Private Securities Litigation Reform Act of 1995 and Rule
3b-6 under the Securities Exchange Act of 1934. These forward-looking
statements are subject to various risks and uncertainties that could
cause Modavox's actual results to differ materially from those
currently anticipated, including the risk factors identified in
Modavox's filings with the Securities and Exchange Commission.

Modavox, Inc.
David J. Ide, 602-648-6080 (Media)
or
C&H Capital, Inc.
678-570-6791 (Investors)

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